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Snake Diggity

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Everything posted by Snake Diggity

  1. Laughing my absolute motherfucking ass off at the idea that “there is no difference between Durham, NC and New Delhi”. Holy shit.
  2. That’s actually something I think is an underdiscussed point when people are talking about national debt, especially when making the analogy to managing a household budget; regular people generally feel like they have to pay off all their debt before they die, and even if they don’t, I would imagine 90 year olds have a pretty hard time finding extended credit. Assuming you have the leverage to manipulate maturity dates and interest rates, and you think you’ll live forever, do you really ever have to totally pay off all your debt?
  3. Not saying it doesn’t exist but I’ve been 95% wfh for 8 years and have never seen anyone do that.
  4. My math here is fucked. Delete post, ban user. The total debt to income numbers are right and the overarching point stands, but the monthly expenditure numbers are wrong. I deserve ridicule and shame.
  5. Imagine a household who makes ~$490,000/yr in income. Their recurring bare necessities (mortgage, bills, car payments, health insurance, 401k, etc) are about $3,400/mo. They spend another ~$1,400/mo. on “other stuff”. They also have a CC payment they make interest-only payments on at $400/mo. Their mortgage, car loans, student loans, CC balance, and all other debt add up to $3.2M. The head of household is about 45 years old. How bad is their financial situation? Now factor in: The household has ways of making extra money. In fact, if they demand a raise from their employer, they know will get it, within reason. They also know they play such a key role in their company that there is no way they can be fired unless the company goes out of business. The bank where all their loans and Credit card are held is owned by friends who the head of household handpicked to start the bank. If they ever need to refinance their debt or defer payments, they know the bank will work with them. The society of the entire town, city, state, country, continent, planet, and universe is completely dependent upon this household not going bankrupt. Do they have a debt problem? Certainly. Will there be some uncomfortable belt-tightening at some point? Very likely. Are they fucked? Not at all.
  6. Quoting all of fatty’s comments on “tax structure”.
  7. See what I mean about not ever shutting the fuck up?
  8. -Thread is fine and relatively CR-free for 98+ pages. -Post 4933, Fatty enters the chat. The CR bullshit tornado starts. Fatty’s idiocy accounts for half of the fucking comments on page 99. We’ve seen this before. -Post 4954, I called it out and asked you not to post on this thread. -Post 4958, I explain why simply putting your dumb fucking ass on ignore doesn’t work. -Post 4962, I asked wtf your bullshit has to do with the topic of the thread; you don’t respond to that and keep up the cyclone of stupidity. -Post 4991, I call out the thread for going off topic; you respond as if you are having a good faith discussion about tax policy. -Post 4998, my dumbass gives up and engages in the off topic discussion. Page 101 devolves into a jr high style argument where you further expose what a piece of shit you are. The mod makes his call to try to get the thread back on topic (fwiw I would have been fine if he’d deleted all the back and forth between you and I and called me out along with you). Predictably, fatty whines like the tittybaby bitchass snowflake he is. Why is it that you think you get into so much conflict on this site? You think it’s because you’re some bastion of truth, holding the line against the MSM and the cabal of libtards? I know I’m probably not the first to tell you this, but that ain’t it. It’s because you’re a fucking idiot who doesn’t know when he’s on the moral low ground or out of his depth, and you compound it by not ever shutting the fuck up. That shit is annoying as fuck and makes it hard to enjoy any thread you post on.
  9. You think ability is predetermined at birth? Wow.
  10. That’s funny. If by the unlikely chance your kids break the cycle and end up as halfway decent human beings, they probably will look back on the worldview you espouse and think “man, my dad was a piece of shit”.
  11. Ah, yes, trickle-down economics. The tried and proven way to sustained economic prosperity for all. LoLz. Of course! Please weave me the tale of the child born into poverty who is worse off from receiving healthcare, food, and education.
  12. Hmm. I wonder how you would define the word “advantage”. It also seems like you think the benefit of your choices should extend beyond you to other people. So you’re not about benefitting the individual, you’re about benefitting a community of people. Only, you want to define the community as only to include you and your descendants. I understand the sentiment but I think it’s really fucked up that you’re willing to sentence innocent children to a harder path. Especially considering how needless that is.
  13. Cool. Nice rep smack. Maybe post your paycheck next.
  14. Who said shit about race? You’re a fucking witless cliche.
  15. Yeah but the difference is, you are universally recognized as a fucking moron (except in the fishing thread).
  16. You didn’t answer my question but I’ll answer yours. Being born without a competitive advantage isn’t a punishment, it’s equality. I certainly believe there should be limits to the unearned advantages one child should receive over another. Not surprising at all, but ignorant, shameful, and pathetic nonetheless.
  17. Do you both deny that access to increased capital is a compounding competitive advantage? Do you believe that wealthy people have earned a competitive advantage by simple virtue of their wealth, and that advantage should be able to be passed down to their descendants?
  18. I’ve known for awhile that DoD isn’t the behemoth it was rumored to be. But I like that SSI and Medicare/Medicaid are tied to separate revenue streams. To me it would make the average person a lot more aware if each department’s budget was tied to separate tax broken out on people’s checks. If it was broken out like this: DoD tax HHS (Medicare/Medicaid) tax Treasury tax Social Security tax Dept of Education tax All others tax DoD, HHS, Treasury, SS, and DoE make up 87% of the federal budget. I think people would be a lot more receptive to paying taxes and more sensitive to the budget deficit (Treasury tax).
  19. Your question demands an oversimplified answer (and yes I know you’re just repeating my own words). Roll spending back to 2018 levels (4109B). Tax at 2022 levels (4174B). That budget would balance. Any expenditures above that have to be paid for with equivalent receipts (I.e., tax increases). Any further back and forth about the viability of that becomes a much deeper argument.
  20. I find it hard to believe there’s a 20 year lag on primary causes of inflation. Fiscal overstimulus and deficit spending certainly contributed to inflation. But if it weren’t for the other factors (Russia, pandemic), I doubt we’d be seeing inflation “back in the conversation”.
  21. I’ve “looked it up for myself”. I don’t put myself forward as some kind of expert but you’re gonna have to put out a better argument than “I don’t care if it makes sense to you, we’re fucked”. In fiscal 2021, the average interest rate on federal debt was a record-low 1.605%. Interest as a percent of gdp is about 60% of what it was in 1991. Rates will have to stay as high as they are now for quite awhile before rates start causing a debt service crisis.
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