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Filthy

Filthy

Iowa Wrestling Champion
Jun 28, 2016
27,500
29,658
Hauler said:
Other than every business owner/manager complaining that they were unable to get workers back even after the government said it was OK for them to open back up.

And I don't blame the workers.
I blame the government.

Who wouldn't rather get $1080/wk for free instead of working 40 hours and getting $1000/wk ($25/hr) less taxes?

Actually - I wonder if that's what the 87,000 IRS agents are for? Collecting all that 2021 unemployment income?
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the issue with hiring workers back is that the money was already in the system, you couldn't hire someone back at the previous wage because wages were inflating. WalMart and other other MegaCorps didn't have trouble getting workers like ChikFilA/Subway type franchises or local/small businesses.

Those franchises and small shops would have to take out loans to cover increased operating costs.
Guess who had a bunch of money waiting to lend them?
 
Hauler

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
48,975
61,000
Filthy said:
the issue with hiring workers back is that the money was already in the system, you couldn't hire someone back at the previous wage because wages were inflating. WalMart and other other MegaCorps didn't have trouble getting workers like ChikFilA/Subway type franchises or local/small businesses.

Those franchises and small shops would have to take out loans to cover increased operating costs.
Guess who had a bunch of money waiting to lend them?
Click to expand...
I think the PPP loans were 1%, less qualifiers to get that reduced.

Banks were the logical choice to facilitate the distribution of money, and with them having skin in the game it's not ridiculous to expect a a little extra to cover expenses.

That said - your point that the gov't handed over a ton of cash that got "lost" in the system is likely very accurate.

Backs will be scratched.
 
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Rambo John J

Rambo John J

Baker Team
First 100
Jan 17, 2015
77,204
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All the free money weekend the will of multiple generations of people

Lots of folks became bitchmade and became invested in the pandemic and continuing the free money

I know a few business folks who milked the system and their lives are unraveling because they took the soft route and lost drive and focus
 
Filthy

Filthy

Iowa Wrestling Champion
Jun 28, 2016
27,500
29,658
Hauler said:
I think the PPP loans were 1%, less qualifiers to get that reduced.

Banks were the logical choice to facilitate the distribution of money, and with them having skin in the game it's not ridiculous to expect a a little extra to cover expenses.

That said - your point that the gov't handed over a ton of cash that got "lost" in the system is likely very accurate.

Backs will be scratched.
Click to expand...
banks didn't distribute the money, they just gave the money to corporations who had been buying their stock back with profits instead of saving those profits for future market shifts.
 
Hauler

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
48,975
61,000
Filthy said:
banks didn't distribute the money, they just gave the money to corporations who had been buying their stock back with profits instead of saving those profits for future market shifts.
Click to expand...
Link?
 
sparkuri

sparkuri

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Jan 16, 2015
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Filthy said:
no.


the amount of money that went out in direct payments is measured in Billions...that's just an oversimplification of the situation. Banks.

it all went to forgiving loans and banks.

there's no evidence that people "quit working" in the millions because they got an extra paycheck.
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You're stating the universally known in "banks" but hyperfocusing on mutually exclusivity in regards to inflation cause.

There's overwhelming evidence people quit working, they're called jobs reports, census, & first-time unemployment claims just as a quick 3-prong matrix.
Add EBT & GAU/welfare grants into the mix.

I can tell you from experience in America, spending 4 months & 20,000 miles on the road, 40 hotels, 20 states & numerous conversations with businesses, commonfolk & truckers, the workforce has become lethargic post-stimulus.
It's a psychological operation of control long in the works to transition away from U.S. monetary hegemony.
The tactics have been done many times before.
 
Filthy

Filthy

Iowa Wrestling Champion
Jun 28, 2016
27,500
29,658
sparkuri said:
You're stating the universally known in "banks" but hyperfocusing on mutually exclusivity in regards to inflation cause.

There's overwhelming evidence people quit working, they're called jobs reports, census, & first-time unemployment claims just as a quick 3-prong matrix.
Add EBT & GAU/welfare grants into the mix.

I can tell you from experience in America, spending 4 months & 20,000 miles on the road, 40 hotels, 20 states & numerous conversations with businesses, commonfolk & truckers, the workforce has become lethargic post-stimulus.
It's a psychological operation of control long in the works to transition away from U.S. monetary hegemony.
The tactics have been done many times before.
Click to expand...
i'm not disagreeing with any of that, but I am disputing the cause/effect relationship and how much of that impact is weighted by proximity effects...as Hauler @Hauler stated "I see better than I hear"

the effects of a shift in workforce are from a lot of people realizing that they don't have to be a wage-slave any more. So when all of the high-speed low-drag workers say Fuck The Man and start their own business with some small business loans that the banking sector provides (at a reasonable profit, fren, using the freshly printed cash), the people who are left are going to appear lethargic in the relative sense.

but I don't think people got lazy during the pandemic because of all that unemployment money. Just haven't seen any economic or social metric that would indicate it, but I'm always open to new knowledge.
 
sparkuri

sparkuri

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Filthy said:
but I don't think people got lazy during the pandemic because of all that unemployment money. Just haven't seen any economic or social metric that would indicate it, but I'm always open to new knowledge.
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Yeah, like I said, from the horses mouth to your ears, I've never seen anything like it.
Stores are closing all over America due to labor shortages.
Profits are down so much managers are taking cuts to entice ungrateful gamers to work at Arby's, from coast to coast to coast.
I've never seen anything like it.
Govt. has squeezed all farmers out.
Washington, Oregon, Idaho, Montana, New Mexico, Colorado, Oklahoma, Texas, Wyoming, South Dakota, Iowa, Kansas, Nebraska, Missouri, Arkansas...the stories were sll the same.
Truckers, managers, patrons, the stories were all the same.
They got stimulus, continued on with welfare, smoked dope, free food, moved into one place together...the bare minimum...crime.
And the first time UE's & jobless claims skyrocket.
Economy is in a designed free fall.
 
Filthy

Filthy

Iowa Wrestling Champion
Jun 28, 2016
27,500
29,658
sparkuri said:
Yeah, like I said, from the horses mouth to your ears, I've never seen anything like it.
Stores are closing all over America due to labor shortages.
Profits are down so much managers are taking cuts to entice ungrateful gamers to work at Arby's, from coast to coast to coast.
I've never seen anything like it.
Govt. has squeezed all farmers out.
Washington, Oregon, Idaho, Montana, New Mexico, Colorado, Oklahoma, Texas, Wyoming, South Dakota, Iowa, Kansas, Nebraska, Missouri, Arkansas...the stories were sll the same.
Truckers, managers, patrons, the stories were all the same.
They got stimulus, continued on with welfare, smoked dope, free food, moved into one place together...the bare minimum...crime.
And the first time UE's & jobless claims skyrocket.
Economy is in a designed free fall.
Click to expand...
the plural of "anecdote" is not "statistic"

:)
 
sparkuri

sparkuri

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Filthy said:
the plural of "anecdote" is not "statistic"

:)
Click to expand...
Like I said, statistics are released weekly.
Look at the jobs reports.
Look at first-time UE claims every Thursday.
These are readily available.
My anecdotes are not, they're a personal favor.
 
Filthy

Filthy

Iowa Wrestling Champion
Jun 28, 2016
27,500
29,658
sparkuri said:
Like I said, statistics are released weekly.
Look at the jobs reports.
Look at first-time UE claims every Thursday.
These are readily available.
My anecdotes are not, they're a personal favor.
Click to expand...
fredgraph.png

what am i missing here?
 
Hauler

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
48,975
61,000
Hauler said:
I have meetings the rest of the afternoon, but I will read this and report back.
Click to expand...
Dude - I'm not a fan of stock buybacks (unless I own stock in the company ;)), but his article is pretty narrow in scope.

He almost hints that the $1.5t all went to corporations. That isn't true. They got a cap at 21% - which saved them a reported $200b. While I'll admit this is more of the trickle down shit that is generally a proven loser - it did stimulate the economy. Wages did tick up. Companies invested in new machinery and equipment - but yeah - I'm sure plenty went to bonuses.

I'm pretty sure that's also when they got rid of Section 179 - which was a clusterfuck of madness that could only be orchestrated by DC. Every year, companies could fully depreciate an asset purchase IF they took possession of the asset that year. But Congress never told you what the amount limit was until like FUCKING DECEMBER. It was always a mad rush to buy things you needed. I bought 4 pickup trucks in 3 days back in like 2015 so the company could fully depreciate them that year. This tax reform got rid of that fucking madness, and the amounts are now known at the beginning of the year so companies - get this - can fucking plan ahead and grow their business.

Also, the individual deduction was increased which greatly simplified the painful reality we all have in April.
Little people won too.

All that said - I'd like to see a flat tax across the board. Fuck all these deductions and loop holes.
 
Wild

Wild

Zi Nazi
Admin
Dec 31, 2014
93,218
135,061
This is Biden's White House monkeypox coordinator, Demetre Daskalakis. No, I'm not making this up.

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