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

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A MAGA tard on Twitter whined that the McChicken is $2 more than it was "like 2 years ago" and blamed Biden. About that:

-The current inflation rate is 3.24% in the U.S. 3 years ago it was 2.2%.
-3 years ago McDonald's profit margin was 25.9%. Today it is 34.6%.

Globally the IR is 6.9%, the EU 4.9%, Germany 3.8%, Norway 4%, UK 4.6%, 4.9% where I live, South Korea 3.8%, Japan 3%, etc., etc.

Also: https://home.treasury.gov/news/featu...l-context-2023

-The size of the U.S economy is now over 5 percent above its 2019 level

-Core inflation in the United States is now lower than in many major advanced economies

-The U.S. labor market recovery has been exceptionally strong
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Not all G7 economies have fully recovered to their pre-pandemic size; by contrast, U.S. real GDP is now 5.4 percent above the level at the end of 2019.

Relative to pre-pandemic trends, economic output continues to fall short. However, the United States has performed better than other G7 economies (and the Euro area) with real GDP just 1.4 percent below trend.

The fast recovery in the United States reflects a more complete recovery in domestic consumption. In fact, U.S. household consumption expenditures returned to their pre-pandemic trend by the second quarter of 2021.
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Faster output growth in the United States was initially accompanied by higher inflation, but inflation rates have been rising rapidly around the world. In Europe, inflation rates rose quickly in 2022 due to a combination of high natural gas prices and the restart of the European economy after tight Covid restrictions during the Delta and Omicron waves. Conversely, over the course of 2022, the United States saw substantial improvement in inflation, while European inflation rates continued to rise.
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You can't fix stupid, including Chuck and Whalers.
 
Handyman said:
If I flip a house I'm not getting sued by the builder...

This stinks more of stock schemes where they need you to hold so the investors can recoup their cash and pull out. Common crypto scam called a rug pull. Also what Wallstreetbets pulled on AMC and Gamestop.

If he wants to blackball I 100% get that...suing doesn't pass the smell test and you know it.
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Look, I'm not going to defend Tesla. I think their product is crap and I wouldn't drive one of their cars if you gave it to me.

But there are two things about this restriction on this new truck that strike me.

First, this is not unusual at all in the car business if a manufacturer thinks there is going to be high demand and high resale demand. Ferrari has done it for years. With the Ford GT, a car I absolutely love, I remember they sued someone (John Cena, I think) for violating the resale restriction, which for the GT is quite a bit longer if I recall.

Second, I have always thought that these resale restrictions are at least in part a marketing/sales scheme by the manufacturer. Why not tell everyone that this car is going to be in such high demand that you're forbidden from re-selling it under threat of lawsuit. Wouldn't be surprised if the whole point of that restriction is to try to artificially increase demand.

I have a buddy who bought one of the Ford Lightning trucks with that restriction, and he was actually crowing about it, like it was some sort of badge of honor that his truck had that.
 
Slap Shot said:
A MAGA tard on Twitter whined that the McChicken is $2 more than it was "like 2 years ago" and blamed Biden. About that:

-The current inflation rate is 3.24% in the U.S. 3 years ago it was 2.2%.
-3 years ago McDonald's profit margin was 25.9%. Today it is 34.6%.

Globally the IR is 6.9%, the EU 4.9%, Germany 3.8%, Norway 4%, UK 4.6%, 4.9% where I live, South Korea 3.8%, Japan 3%, etc., etc.

Also: https://home.treasury.gov/news/featu...l-context-2023







You can't fix stupid, including Chuck and Whalers.
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It doesn't help that the media ignores all of this. The average story on the economy will focus on two things (if it wants to play both sides) and that is low unemployment and higher prices. When they go negative it is all prices and no context for anything. Everyone complains that the Dems arent getting the message out...they are it is just drown out by corporate media telling us to ignore the numbers and everyone else's experience think about how much stuff cost 3 years ago! Pay no attention to our other stories on the ridiculously high corporate profits that is just a coincidence!
 
Handyman said:
It doesn't help that the media ignores all of this. The average story on the economy will focus on two things (if it wants to play both sides) and that is low unemployment and higher prices. When they go negative it is all prices and no context for anything. Everyone complains that the Dems arent getting the message out...they are it is just drown out by corporate media telling us to ignore the numbers and everyone else's experience think about how much stuff cost 3 years ago! Pay no attention to our other stories on the ridiculously high corporate profits that is just a coincidence!
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"Statistics show that inflation is slowing and corporate profits are at an all-time high. But the patrons of this southwestern Pennsylvania bar & grill aren't so sure about that." -MSM
 
I'm kinda with SJHovey on the Tesla thing. F the company, their owner and their products. They get no benefit of the doubt and I'm 100% sure they're just being shitty.


However, f resellers, f scalpers. This practice is fairly common in super cars too, as far as I'm aware. Like, if you buy a Ferrari (after waiting years), I don't believe you're allowed to sell it for some time.

The Cyberjunk /= a supercar, obviously


Also, you don't need to buy it. In fact, don't buy it.
 
Deutsche Gopher Fan said:
Colorado legislature has introduced a bill to quadruple taxes on short term rental properties

keep it coming
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From a consumer standpoint I don't know that it's that ideal.

I assume this is directed towards all of the people who own condos in Vail, Aspen, etc... I imagine that if you are an average Joe, your ability to own a condo in Vail is nil unless you can rent it out 11 months out of the year.

Personally I've always thought that it's a bit unfair for the Airbnb industry to benefit from not having to deal with the regulations and taxes that a commercial hotel has to deal with, so this will go some ways towards correcting it. However, I expect the end result will be that the accountant from Denver who owns the condo at the ski resort will have to sell it, where it will be bought up either by the ultra rich, who don't need the rental income to make ownership possible, or by property management companies who are effectively hoteliers anyway, and will bury the tax costs in their rental rates.

I doubt very much that it's going to cause condo prices to plummet to the point where I'll pick one up.
 
FadeToBlack&Gold said:
"Statistics show that inflation is slowing and corporate profits are at an all-time high. But the patrons of this southwestern Pennsylvania bar & grill aren't so sure about that." -MSM
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That is pretty much it. They have taken the "Trumper in a Small Midwestern Cafe" and applied it to everything. What's funny is, they always fall for their own BS. They ask "Franny" in Bumbphuck, Nowheresville what is bothering her and it is always whatever talking point Faux spews. Instead of using it as one of many datapoints they extrapolate it to everyone in Nowheresville and then further extrapolate that to the entire US as serves their agenda. All data shows Abortion is the #1 issue and it isn't close...it has literally flipped politics on its head! Yet if you believe MSM the average citizen cares more about crime, the border, Inflation...etc. (especially since polling shows those are not things Biden/Dems have high marks on) Yet despite all of that Dems continue to overperform and corporate media just can't seem to figure out why?!?!
 
Yeah, fuck this economic model. The entire thing is based on rich people rearranging the deck chairs to squeeze more and more money out of everyone while fucking the average worker.
 
Swansong said:
I'm kinda with SJHovey on the Tesla thing. F the company, their owner and their products. They get no benefit of the doubt and I'm 100% sure they're just being ****ty.


However, f resellers, f scalpers. This practice is fairly common in super cars too, as far as I'm aware. Like, if you buy a Ferrari (after waiting years), I don't believe you're allowed to sell it for some time.

The Cyberjunk /= a supercar, obviously


Also, you don't need to buy it. In fact, don't buy it.
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I am fine with them preventing resale...there are better ways to do it IMHO.
 
SJHovey said:
From a consumer standpoint I don't know that it's that ideal.

I assume this is directed towards all of the people who own condos in Vail, Aspen, etc... I imagine that if you are an average Joe, your ability to own a condo in Vail is nil unless you can rent it out 11 months out of the year.

Personally I've always thought that it's a bit unfair for the Airbnb industry to benefit from not having to deal with the regulations and taxes that a commercial hotel has to deal with, so this will go some ways towards correcting it. However, I expect the end result will be that the accountant from Denver who owns the condo at the ski resort will have to sell it, where it will be bought up either by the ultra rich, who don't need the rental income to make ownership possible, or by property management companies who are effectively hoteliers anyway, and will bury the tax costs in their rental rates.

I doubt very much that it's going to cause condo prices to plummet to the point where I'll pick one up.
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I don’t think the intention is to make resort places more affordable. And it won’t make large changes quickly in those places

but the tax revenue can be used to build more housing. Which is badly needed. And it can discourage some rich people to not enter this kind of investment scheme.

as kep said it should just be taxing all non primary homes up the wazoo- and even when that happens, ultra rich people won’t care and you know that.
 
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