What's new
By:
USCHO Fan Forum

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

  • The USCHO Fan Forum has migrated to a new plaform, xenForo. Most of the function of the forum should work in familiar ways. Please note that you can switch between light and dark modes by clicking on the gear icon in the upper right of the main menu bar. We are hoping that this new platform will prove to be faster and more reliable. Please feel free to explore its features.

Business, Economics, and Taxes: Capitalism. Yay? >=(

Status
Not open for further replies.
Downfall: The Case Against Boeing

Story about how Boeing allowed their 737 Max to put into service despite knowing recent changes put them at risk for malfunction, and intentionally prevented new training in simulators following the changes because they knew it would raise alarms with pilots as well as cost them money. Then after a 737 Max crashed in Indonesia they refused to come clean and 5 months later another 737 Max crashed in Ethiopia. They had hoped fixes for the problem would be implemented before another crash occurred. Eventually the aircraft was grounded and it took them 20 months to get approval to be put back into service. The CEO that eventually resigned received something around 65 million and no one from the company faced any criminal charges.
 
LynahFan said:
The $200k exemption just takes too much income out of the equation - probably needs to be down around $150k.
Click to expand...

You convinced me. 99% income tax over $200k and 99% wealth tax over $10M. Global, so it doesn't matter where you go.

They'll just have to struggle by.
 
FadeToBlack&Gold said:
Whenever Cramer pumps the stock of the software I consult on, I get nervous.
Click to expand...

From reading some of the Reddit thread the photo was in (or similar discussion) there seems to be a whole subset of day traders who actively bet the inverse of Cramer's picks.

(I know reddit/WSB is a small fraction of those in the market, but still)
 
aparch said:
From reading some of the Reddit thread the photo was in (or similar discussion) there seems to be a whole subset of day traders who actively bet the inverse of Cramer's picks.

(I know reddit/WSB is a small fraction of those in the market, but still)
Click to expand...

Not a bad bet, right? I mean, even if he didn't suck, his pimping will pump the value and create the perfect short market. Wouldn't be surprised if he does it on purpose and gauges his own investments to it. All those people should be lowered 10% into acid.
 
I ended up getting about a 6% raise, more than nearly all my coworkers. Company decided to eff everyone big time

im also paid less than most of them so this isn’t exactly heartwarming
 
Kepler said:
You convinced me. 99% income tax over $200k and 99% wealth tax over $10M. Global, so it doesn't matter where you go.

They'll just have to struggle by.
Click to expand...

Can’t take it all there Mr Harrison.

this does not apply to families. From now on individuals file returns.
you don’t get to take exemptions for your kids and wife. Those days are fucking over.
no deductions of any kind…you get to exempt the first $200k
everyone however does still pay fica tax and that funds socsec & Medicare for all as national health insurance. Mr Richie thus pays 47.25% on $ earned #200,001, then on $ earned #200,002 etc.
gov has to control their spending and that starts with defense. Fuck that nut already.
also again, all income is regular income for tax purposes.
with simplified tax law corporates will look more like Wall Street income instead of irs income and that will enhance federal coffers.
 
mookie1995 said:
everyone however does still pay fica tax
Click to expand...

Nope. It all comes from the general fund. No taxes at all on the first $200k. Nobody under $200k even files -- if your paycheck doesn't project to $200k for the year the IRS does not touch it.

Pure redistribution, worldwide, nowhere to run. No Cayman's, no Gurnsey, no Switzerland, no Ireland, no Florida. No shelters. No write-offs.
 
Last edited:
Kepler said:
Nope. It all comes from the general fund. No taxes at all on the first $200k. Nobody under $200k even files -- if your paycheck doesn't project to $200k for the year the IRS does not touch it.

Pure redistribution, worldwide, nowhere to run. No Cayman's, no Gurnsey, no Switzerland, no Ireland, no Florida. No shelters. No write-offs.
Click to expand...

Come back to reality and have a beer with us bud :/)
 
Slap Shot said:
Downfall: The Case Against Boeing

Story about how Boeing allowed their 737 Max to put into service despite knowing recent changes put them at risk for malfunction, and intentionally prevented new training in simulators following the changes because they knew it would raise alarms with pilots as well as cost them money. Then after a 737 Max crashed in Indonesia they refused to come clean and 5 months later another 737 Max crashed in Ethiopia. They had hoped fixes for the problem would be implemented before another crash occurred. Eventually the aircraft was grounded and it took them 20 months to get approval to be put back into service. The CEO that eventually resigned received something around 65 million and no one from the company faced any criminal charges.
Click to expand...

I just now finished watching Downfall. So the company paid $2.5billion in fines in order to avoid criminal charges, but did that agreement also protect them against civil claims? If I was one of the familial survivors of those who were killed on either 737 MAX crash, I’d want the class claims to start at that same $2.5 billion and include the required dismissal of anybody on Boeing’s board, any executive employed at the time, and a complete restructuring of the company.
 
St. Clown said:
I just now finished watching Downfall. So the company paid $2.5billion in fines in order to avoid criminal charges, but did that agreement also protect them against civil claims? If I was one of the familial survivors of those who were killed on either 737 MAX crash, I’d want the class claims to start at that same $2.5 billion and include the required dismissal of anybody on Boeing’s board, any executive employed at the time, and a complete restructuring of the company.
Click to expand...

Pretty sure they've separately settled lawsuits with the families in the two crashes, as well as lawsuits from their own shareholders.
 
I'm expecting further corrections to the markets this year, particularly once the Fed starts raising interest rates to fight inflation, as it appears they are going to have to do. So I have a personal hold on buying anything or making any major changes right now.
 
FadeToBlack&Gold said:
I'm expecting further corrections to the markets this year, particularly once the Fed starts raising interest rates to fight inflation, as it appears they are going to have to do. So I have a personal hold on buying anything or making any major changes right now.
Click to expand...

Yeah, but I'm also in it long term. I think Ford is positioning itself really well for the next 25-30 years. It will eat the scraps of Tesla when it implodes.
 
dxmnkd316 said:
Yeah, but I'm also in it long term. I think Ford is positioning itself really well for the next 25-30 years. It will eat the scraps of Tesla when it implodes.
Click to expand...

I've been cautiously optimistic about them ever since Farley started putting his stamp on things. I think they're ahead of GM on developing EVs people actually want while DamnNearChrysler/FCA/Stellantis/Whatever We're Calling Them This Year doesn't seem to give a fuck.
 
Status
Not open for further replies.
Back
Top