Trump's Economic Plan

[apeman]

[Okeefenokee]

The poorhouse population exploded in the early 1800's and conditions in the poorhouses ranged from barely tolerable to horrific. They were often run by people who got their jobs as political favors. The operators often did as little as they could get away with in exchange for a paycheck, and the governing bodies often did as little as possible to keep costs down and discourage over-use. The operators were particularly incapable of caring for mentally-ill residents. Dorthea Dix reported finding women chained and kept in pens in some poorhouses. The insane patients, criminals, and alcoholics frightened, and sometimes injured, the frail elderly living in the same rooms.
https://www.elderweb.com/book/1800-1899 ... r-scrutiny

Sounds like good motivation to hit the books. We should bring them back.

[Okeefenokee]

dayum,

And, as Sydney Smith has observed, everybody is full of humanity and good nature when he can relieve misfortune by putting his hand into his neighbors pocket.

[Martin Hash]

Apparently Trump's plan is to provide even more money to the heirs of the Nouveau Aristocracy, of which Trump is one.

p.s. I just got done doing Tax Season (I'm a CPA too), and find it criminal that someone working for themselves making less than $20K a year has to pay $4200 in taxes, fucking 20%. The Rich pay 15% because their money is magic.

[Penner]

Apparently Trump's plan is to provide even more money to the heirs of the Nouveau Aristocracy, of which Trump is one.

p.s. I just got done doing Tax Season (I'm a CPA too), and find it criminal that someone working for themselves making less than $20K a year has to pay $4200 in taxes, fucking 20%. The Rich pay 15% because their money is magic.

Usually, don't the Rich (The 1%) use a shit load of tax loopholes so they won't even pay that 15% of their income?

[Martin Hash]

"Tax loopholes" are only for the Middle Class, The Rich can't use them because they are phased out at higher incomes. 15% is the tax on Long Term Capital Gains, otherwise known as magic money.

[Speaker to Animals]

The rich generally pay the lower capital gains tax, and they can make good use of exemptions when they take markey losses. I am not sure how the exemptions work, but they don't typically pay more than 18-20% unless most of their income is earned.

[C-Mag]

Trump tells State Department to cut UN Budget by 50%, that will save $5 Billion Dollars.
That should be a pretty nice start to a wall.

[apeman]

Caution ahead.

Normal Americans wages are going down, adjusted for inflation



Stocks at all time highs.

The Atlanta FED's own GDP model forecast 1.2% GDP for Q! 2017 -- i.e., terrible.



And FED is about to hike rates.

2 points:
1. at any other time in history this set-up would instill a serious sense of caution
2. normal folks wages going DOWN, while the asset owners are making bank -- this cannot continue, or the guillotine comes out

[SuburbanFarmer]

Caution ahead.

Normal Americans wages are going down, adjusted for inflation



Stocks at all time highs.

The Atlanta FED's own GDP model forecast 1.2% GDP for Q! 2017 -- i.e., terrible.



And FED is about to hike rates.

2 points:
1. at any other time in history this set-up would instill a serious sense of caution
2. normal folks wages going DOWN, while the asset owners are making bank -- this cannot continue, or the guillotine comes out

Standing by.



Also, starting to get back into my Put option lotto-tickets. I'm not getting flat-lined by the next one.