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

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ScoobyDoo said:
LOL. I resemble that reference.
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My wife's spirit animal:

dar_sp_hero_landscape.jpg
 
rufus said:
I thought the MAGAts were heading to Montana, Wyoming, Utah, Idaho and such.
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They are. But a fair number of them are coming from states where the standard of living was higher (because it was a blue state) and as such are coming with money and buying property at above market value and driving up values around. It's kind of funny because it in Idaho, the folks who have lived here for a while HATE people coming in from out of state, knowing full well that they are just as conservative/magaty as the "native" conservatives/magats.

When I moved to Idaho (believe me not because it was a red state, but because of a great job opportunity) property values and the housing market were reasonable to cheap. Came in 2014, bought in late 2016. Paid $170k for a 2600 sq ft home (and offered less than asking). Currently now estimated at nearly $400k on the market. My property values and taxes have nearly doubled since I bought. The house next door sold in 2022 or maybe late 2021 for over $400k. And it is being used solely as an AirBnb. Cheapest house in town now is $150k for 676 sq ft.
 
Kepler said:
Yes. Also Texas and I recently learned Spokane -- close enough to Aryan Nation in Coeur d'Alene, I guess.
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Yeah that Spokane to Coeur d'Alene/Standpoint area is hardcore Aryan nation area. And it stretches into Montana too. Which is a shame because it's beautiful country. The nazis don't deserve the Pacific Northwest or Utah.
 
Proud2baLaker said:
Airbnb...
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Lizzie needs to get some tax code written where 2nd and 3rd properties are taxed to the hilt and mortgage payments are not deductible. Airbnb then needs to have some sorta penalty payments due.

1 house is good. If and when one wants to retire, sell the current primary and buy another. If you have the cash to buy another property then expect to pay up for the luxury. Otherwise park that investment cash in Tesla :<p
 
Deutsche Gopher Fan said:
Dept of energy making $12B available to automakers to retrofit facilities to make EVs and hybrids
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I often wonder why this is even happening cause my neighbor and Vivek have assured me that there is nothing wrong with using coal for everything and anything. There are no detrimental effects. What's most interesting about that is the US has a lot of coal. We could just go that route and we'd never run out of energy and never have to import anything again.
 
Proud2baLaker said:
Yeah that Spokane to Coeur d'Alene/Standpoint area is hardcore Aryan nation area. And it stretches into Montana too. Which is a shame because it's beautiful country. The nazis don't deserve the Pacific Northwest or Utah.
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It is the great paradox of America that our most beautiful country is inhabited by some of our worst people.

567px-Deserts_of_North_America.svg.png



The good news is, in a hundred years, everything in brown will be beautiful, uninhabitable desert:

CPC-DO-2100-2022-3-17.png
 
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mookie1995 said:
Lizzie needs to get some tax code written where 2nd and 3rd properties are taxed to the hilt and mortgage payments are not deductible. Airbnb then needs to have some sorta penalty payments due.

1 house is good. If and when one wants to retire, sell the current primary and buy another. If you have the cash to buy another property then expect to pay up for the luxury. Otherwise park that investment cash in Tesla :<p
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Mookie is wise
 
mookie1995 said:
Lizzie needs to get some tax code written where 2nd and 3rd properties are taxed to the hilt and mortgage payments are not deductible. Airbnb then needs to have some sorta penalty payments due.

1 house is good. If and when one wants to retire, sell the current primary and buy another. If you have the cash to buy another property then expect to pay up for the luxury. Otherwise park that investment cash in Tesla :<p
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The Selfish Generation bet most of their retirements on real estate inflation/speculation. They're not going to give it up easily.
 
The shareholders of public companies are starting to eat themselves:

https://arstechnica.com/space/2023/...os-and-amazon-for-not-using-falcon-9-rockets/

Shareholders of a pension fund that includes Amazon stock have sued the company, its founder Jeff Bezos, and its board of directors for "breaching their fiduciary duty" as part of a contract to acquire launch services for the Project Kuiper megaconstellation.

The lawsuit, filed on Thursday and first reported by the Delaware Business Court Insider, alleges that in purchasing launches for Kuiper, Amazon failed to consider SpaceX and its Falcon 9 rocket. This was the only prudent choice that would have enabled Amazon to launch half of its constellation by a 2026 deadline, the lawsuit states.
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I hate this so much

Under the license it received from the Federal Communications Commission, Amazon is required to launch half of its planned 3,236 satellites into low-Earth orbit by July 30, 2026
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I'm sure by 2026 some government will have created a chain reaction in the atmosphere to knock out most of the satellites in Earth's orbit. :-D
 
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