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Post by Emig5m on Jun 3, 2021 4:46:28 GMT -5
If the government can print up trillions of dollars when it wants or needs it then why tax us to death...?
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Post by Cop on Jun 3, 2021 9:11:05 GMT -5
Inflation...
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Post by ForRealTho on Jun 3, 2021 15:43:21 GMT -5
If the government can print up trillions of dollars when it wants or needs it then why tax us to death...? If they do it too much you end up with 1920s Germany, need a wheelbarrow to carry money. |
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Post by Emig5m on Jun 7, 2021 18:07:50 GMT -5
Hard to provide a real answer when one doesn't exist!  I feel like I'm Truman in the Truman show at the point where he's started to unravel that his entire existence is nothing but a sham!  |
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Post by Cop on Jun 8, 2021 10:41:40 GMT -5
Bacause you'll end up with this:  |
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Post by sj on Jun 8, 2021 10:45:17 GMT -5
You're just saying what everybody is thinking (except probably the poor and ignorant, who genuinely & desperately need the govt hand-outs/welfare).
1920s Germany is a good analogy. Ancient Rome might be a better one though (since middle-east nations and other regions throughout the ancient world used Rome's currency, as though it were the world's reserve currency of its day.. this was even mentioned in the bible/new testament, where they talked about Ceasar's image being on coins, "give unto Ceasar what is Ceasar's", etc.).
Point being.. U.S. has the world's reserve currency status today, which means it's the currency primarly used for international business dealings and many foreign governments are heavily invested in it (i.e. trillions of $'s in U.S. treasury bonds - owned abroad). If our ship sinks, we could easily take the entire global economy down with us.
Our govt has a duty to the world to start trying to shore up its massive debt and change policy to be fiscally responsible (ASAP).
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Post by Emig5m on Jun 21, 2021 1:03:16 GMT -5
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Post by Coolverine on Jun 21, 2021 4:22:10 GMT -5
Bacause you'll end up with this:  |
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Post by ForRealTho on Jun 21, 2021 8:03:16 GMT -5
Why isn't Tim just buying a house with cash since he makes millions off of YouTube? Also I have never owned a house. I just moved into a really nice apartment. I tend to move a lot and owning a house seems like a big headache. Here if my washing machine breaks I just call the property manager and they are on the hook with it. Plus the way people go so OCD and obsessive about their houses. Naw. |
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Post by Emig5m on Jun 21, 2021 21:09:25 GMT -5
Why isn't Tim just buying a house with cash since he makes millions off of YouTube? Also I have never owned a house. I just moved into a really nice apartment. I tend to move a lot and owning a house seems like a big headache. Here if my washing machine breaks I just call the property manager and they are on the hook with it. Plus the way people go so OCD and obsessive about their houses. Naw. You do understand owning a home/property is one way to store/increase your wealth, right? Why pay money for years and years to never own anything to put the money in someone else's pocket when you can own a house with the same money spent and its value goes up over the years? It's a no brainer that renting is throwing your money out and owning is building wealth. The reason Tim wasn't buying cash is because he wanted to use the money to hire more people - his goal is to start an entire TV network. Not to mention a loan was probably some 'debt tax loop-hole.' I wish him well though since he seems like a genuine person other than the mainstream news... BTW, a wash machine doesn't cost that much... last one I bought brand new was under $400 and they rarely will break down when bought new. The lid safety switch broke on mine after years and years so I just bypassed it all together. |
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Post by sj on Jun 22, 2021 13:54:53 GMT -5
Why isn't Tim just buying a house with cash since he makes millions off of YouTube? Also I have never owned a house. I just moved into a really nice apartment. I tend to move a lot and owning a house seems like a big headache. Here if my washing machine breaks I just call the property manager and they are on the hook with it. Plus the way people go so OCD and obsessive about their houses. Naw. You do understand owning a home/property is one way to store/increase your wealth, right? Why pay money for years and years to never own anything to put the money in someone else's pocket when you can own a house with the same money spent and its value goes up over the years? It's a no brainer that renting is throwing your money out and owning is building wealth. The reason Tim wasn't buying cash is because he wanted to use the money to hire more people - his goal is to start an entire TV network. Not to mention a loan was probably some 'debt tax loop-hole.' I wish him well though since he seems like a genuine person other than the mainstream news... BTW, a wash machine doesn't cost that much... last one I bought brand new was under $400 and they rarely will break down when bought new. The lid safety switch broke on mine after years and years so I just bypassed it all together. The term for that is "opportunity cost." Paying cash is good for ordinary folks (people who will never be rich, like me probably) because it's an easy way to save from paying less interest and not having to put much thought into it. lol Rich people get rich & often stay rich because they recognize opportunity costs and they understand the time value of money. I've read about super rich people taking out mortgages for multi-million $ estates because they qualify for 1% interest. At that low of rate, the property typically gains more value than the interest they're paying. Yep, property is also a convenient, legal way for rich ppl to invest some of their money and pay less taxes. |
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Post by Emig5m on Jun 29, 2021 19:08:32 GMT -5
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Post by Emig5m on Jul 1, 2021 2:13:53 GMT -5
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I feel like I'm Truman in the Truman show at the point where he's started to unravel that his entire existence is nothing but a sham! 
