Posts by Simon

18

Tax on Unrealized Capital Gains!

by Simon in

so janet yellen, the us treasury secretary, thinks taxing unrealized capital gains would be a way for them to fund their runaway spending.. first, they claimed that the real cost of their nonsense spending was $0, so they were lying then or are lying now ("why not both?!").

second, they claimed that money printing doesn't affect inflation, so why not just print the money instead?.

third, the "for billionaires" is to get the feeble minded masses on board, those that live on benefits and vote democrat for more "free money", but the irs monitoring of $600 bank accounts is also apparently to target the ultra-wealthy as well.

Simon

I guess to explain my previous point better, it all comes down to the difference between value and price.

The value of your house hasn't really increased, but the price has risen. The price has only risen because they have devalued the currency that it is denominated in, so the gain is imaginary. But they want to tax you on that imaginary gain. You still own the same house, and if you sold it could only buy another equivalent house. You haven't really gained anything.

So not only have they stolen from you by devaluing the currency you may hold, but any asset held independent of that devalued currency they now want to also tax.

Massive theft to bankroll their incompetence and profligate spending.

2

Calgary Alberta Canada new mayor elect Jyoti Gondek

by hoser in

jw
friends

this will be an entertaining 4 years.. she already declared she wants to shut out oil and gas in an oil town and says she will refuse to swear in a duly elected councillor tomorrow..

Simon

She's correct that Calgary should diversify and stop living the boom-bust life riding the oil-price roller-coaster.

But she's a union backed puppet who will just up the costs to run the city with waste and over-staffing. Calgary really can't afford it after Nenshi gutted the downtown core and spent all the tax money.

146

Science News article: ‘Case closed’: 99.9% of scientists agree climate emergency caused by humans

by Disillusioned JW in

a news article has the headline of " ‘case closed’: 99.9% of scientists agree climate emergency caused by humans"; see https://www.theguardian.com/environment/2021/oct/19/case-closed-999-of-scientists-agree-climate-emergency-caused-by-humans .

the article says in part the following.. 'the scientific consensus that humans are altering the climate has passed 99.9%, according to research that strengthens the case for global action at the cop26 summit in glasgow.. the degree of scientific certainty about the impact of greenhouse gases is now similar to the level of agreement on evolution and plate tectonics, the authors say, based on a survey of nearly 90,000 climate-related studies.

this means there is practically no doubt among experts that burning fossil fuels, such as oil, gas, coal, peat and trees, is heating the planet and causing more extreme weather.. a previous survey in 2013 showed 97% of studies published between 1991 and 2012 supported the idea that human activities are altering earth’s climate.. this has been updated and expanded by the study by cornell university that shows the tiny minority of sceptical voices has diminished to almost nothing as evidence mounts of the link between fossil-fuel burning and climate disruption.. the latest survey of peer-reviewed literature published from 2012 to november 2020 was conducted in two stages.

Simon

If it does drive extreme weather events, it could become a sovereign risk to some countries before long due to the high costs of management.

Q: Weren't the Maldives supposed to be underwater by now? How do the models explain that they have a larger surface area than ever before?

146

Science News article: ‘Case closed’: 99.9% of scientists agree climate emergency caused by humans

by Disillusioned JW in

a news article has the headline of " ‘case closed’: 99.9% of scientists agree climate emergency caused by humans"; see https://www.theguardian.com/environment/2021/oct/19/case-closed-999-of-scientists-agree-climate-emergency-caused-by-humans .

the article says in part the following.. 'the scientific consensus that humans are altering the climate has passed 99.9%, according to research that strengthens the case for global action at the cop26 summit in glasgow.. the degree of scientific certainty about the impact of greenhouse gases is now similar to the level of agreement on evolution and plate tectonics, the authors say, based on a survey of nearly 90,000 climate-related studies.

this means there is practically no doubt among experts that burning fossil fuels, such as oil, gas, coal, peat and trees, is heating the planet and causing more extreme weather.. a previous survey in 2013 showed 97% of studies published between 1991 and 2012 supported the idea that human activities are altering earth’s climate.. this has been updated and expanded by the study by cornell university that shows the tiny minority of sceptical voices has diminished to almost nothing as evidence mounts of the link between fossil-fuel burning and climate disruption.. the latest survey of peer-reviewed literature published from 2012 to november 2020 was conducted in two stages.

Simon

Charts that track CO2 show clearly a rise in levels since the 1950's

If you measure temperature starting in Spring, it tells you that you are going to burn up. It matters how long you measure over, the trouble is we think "since the 1950's is a long time", which it is, to an individual. But it's not long in geological time.

https://royalsocietypublishing.org/doi/10.1098/rsta.2013.0096

The real question is how much of the CO2 rise is man made (seriously, read up on how much a volcano can put out). And is the bit we contribute going to be catastrophic, or just result in increased vegetation.

18

Tax on Unrealized Capital Gains!

by Simon in

so janet yellen, the us treasury secretary, thinks taxing unrealized capital gains would be a way for them to fund their runaway spending.. first, they claimed that the real cost of their nonsense spending was $0, so they were lying then or are lying now ("why not both?!").

second, they claimed that money printing doesn't affect inflation, so why not just print the money instead?.

third, the "for billionaires" is to get the feeble minded masses on board, those that live on benefits and vote democrat for more "free money", but the irs monitoring of $600 bank accounts is also apparently to target the ultra-wealthy as well.

Simon

Don't forget also that people will make gains in notional dollars, even if they really made a loss in value.

i.e. if you have a $1m home and it goes up to a $3m price label, in real (todays dollars) purchasing power it might have really become $0.5m ... which is a loss.

So you'll be paying tax on the value of the money that the government already stolen from you because of their money printing driven inflation.

18

Tax on Unrealized Capital Gains!

by Simon in

so janet yellen, the us treasury secretary, thinks taxing unrealized capital gains would be a way for them to fund their runaway spending.. first, they claimed that the real cost of their nonsense spending was $0, so they were lying then or are lying now ("why not both?!").

second, they claimed that money printing doesn't affect inflation, so why not just print the money instead?.

third, the "for billionaires" is to get the feeble minded masses on board, those that live on benefits and vote democrat for more "free money", but the irs monitoring of $600 bank accounts is also apparently to target the ultra-wealthy as well.

Simon

Yeah, it's total economic idiocy.

Yellen looks like the kind of confused old woman that can't balance her own checking account and is waiting for the prince from Nigeria to send her the $16m the late ruler left her, after she sent him all her life savings to unlock the transaction.

This is just pure madness. The uncontrolled spending and money printing is madness. They claimed they were going to be the "adults in the room" but it's like children running a candy store, there's candy everywhere and they want more made so they can eat it faster.

These are not responsible people. This is not normal. They couldn't do much more damage if they set out specifically to destroy the economy, so you start to wonder - is that the real plan? What is the final outcome that they are aiming for because it isn't economic stability and a healthy economy.

18

Tax on Unrealized Capital Gains!

by Simon in

so janet yellen, the us treasury secretary, thinks taxing unrealized capital gains would be a way for them to fund their runaway spending.. first, they claimed that the real cost of their nonsense spending was $0, so they were lying then or are lying now ("why not both?!").

second, they claimed that money printing doesn't affect inflation, so why not just print the money instead?.

third, the "for billionaires" is to get the feeble minded masses on board, those that live on benefits and vote democrat for more "free money", but the irs monitoring of $600 bank accounts is also apparently to target the ultra-wealthy as well.

Simon

Don't forget too that if you set a new tax for the "rich" where "rich" is based on some $ threshold, and inflation is sky-rocketing, there's a good chance that many more people will eventually be over that threshold at some point even if they never lower it.

Everyone in Zimbabwe is a billionaire.

18

Tax on Unrealized Capital Gains!

by Simon in

so janet yellen, the us treasury secretary, thinks taxing unrealized capital gains would be a way for them to fund their runaway spending.. first, they claimed that the real cost of their nonsense spending was $0, so they were lying then or are lying now ("why not both?!").

second, they claimed that money printing doesn't affect inflation, so why not just print the money instead?.

third, the "for billionaires" is to get the feeble minded masses on board, those that live on benefits and vote democrat for more "free money", but the irs monitoring of $600 bank accounts is also apparently to target the ultra-wealthy as well.

Simon

A tax like this would be a Boston Tea Party like event

I think they rely on the fact that they can control things - access to goods and services, and that they can turn off your banking and so on. It would require states to secede from the union and decide that they are going to have a different tax system.

Also, the people who take to the streets in mass mobs always tend to be the left, who are the ones that will cheer this because they are short-sighted and bitter, and see this as the manifestation of "tax the rich (and give it to us)" instead of what it really is: make the rich take their money and leave, so the massive proportion of taxes they already paid disappear.

18

Tax on Unrealized Capital Gains!

by Simon in

so janet yellen, the us treasury secretary, thinks taxing unrealized capital gains would be a way for them to fund their runaway spending.. first, they claimed that the real cost of their nonsense spending was $0, so they were lying then or are lying now ("why not both?!").

second, they claimed that money printing doesn't affect inflation, so why not just print the money instead?.

third, the "for billionaires" is to get the feeble minded masses on board, those that live on benefits and vote democrat for more "free money", but the irs monitoring of $600 bank accounts is also apparently to target the ultra-wealthy as well.

Simon

"You will own nothing and be happy"

I believe the "own nothing" part of their plan.

55

Alec Baldwin Shot a Woman Dead

by Simon in

so alec baldwin shot a woman dead on set and seriously injured another man.. what do we put this down as?

a tragic accident?

maybe ... except that implies no one was to blame.. the more you find out, the more it seems that this was due to negligence and lack of attention to safety.

Simon

because the person in charge of the props failed to do their job.

You still don't get it?! Who hired the person in charge of props? Who didn't follow the correct safety procedures?

Baldwin and Baldwin.

People had already walked off set because of safety concerns, so his response was to hire non-trained people to take their place. Even a Hollywood publicist is going to have a hard time making this look like simply a tragic accident, because it screams negligence.

You don't point a gun at anyone and pull the trigger, that's gun safety 101. It didn't even need to be loaded with a blank, for what he was doing, but he didn't check, and he didn't get the gun from someone who checked, and the guns had been left for hours while people had their lunch.

Total lack of safety and he was in charge and also pulled the trigger.