COVID Economy

[mu_hilltopper]

But you failed to do that when you spent an hour on the phone trying to get them to stop giving you an interest free loan.

#sadtrombone

[Hards Alumni]

That's substantive.

I would have put you down as a "millionaires and billionaires don't pay their fair share" due to "loopholes" kinda guy.  Guess you like all those tax deductions. Personal interest over the public good? Goose and gander, hey?

Those are nice strawman arguments.  A progressive tax system is much better.  Flat tax is archaic and regressive.

For Christ's sake, just google the countries that use a flat tax.  That isn't company you'd want the US to keep.

Stick to jizz mopping.

[Hards Alumni]

Zig, wow, a flat tax?  In my opinion, that is very flawed policy.  If you don't mind, let me share with you some of my reasoning.....

Thanks for sharing your idea.  I appreciate the exchange.  Have a great day!

I shouldn't need to educate you on the stupidity of a flat tax.  I think it's one of those things that sounds good, but when you do five minutes of reading on how awful it actually is, you understand why only backwards countries use it.

So, I guess you didn't actually do any analysis, you just 'used your common sense'.  That's the problem with common sense, it doesn't require you to actually think.

[ZiggysFryBoy]

I shouldn't need to educate you on the stupidity of a flat tax.  I think it's one of those things that sounds good, but when you do five minutes of reading on how awful it actually is, you understand why only backwards countries use it.

So, I guess you didn't actually do any analysis, you just 'used your common sense'.  That's the problem with common sense, it doesn't require you to actually think.

You are babbling like jockitch.

[Hards Alumni]

You are babbling like jockitch.

You're cute when you're mad.

[ZiggysFryBoy]

You're cute when you're mad.

It's OK, pumpkin.  I'd be offended too if I was compared to jockitch.

[Pakuni]

You are babbling like jockitch.

That's substantive.

[ZiggysFryBoy]

That's substantive.

You're cute when you're mad.

[Hards Alumni]

It's OK, pumpkin.  I'd be offended too if I was compared to jockitch.

I'm embarrassed for you that you thought that was a good burn.

You're slippin'.

[Pakuni]

You're cute when you're mad.

But not only when I'm mad.

[rocky_warrior]

So the covid economy is all good eh?

[forgetful]

So the covid economy is all good eh?

Is this a picture describing the current state of the economy, or this thread...both seem fitting.

[Hards Alumni]

So the covid economy is all good eh?

No it's bad, but according to Zigs we just need to fix it with a flat tax.

[The Sultan]

No it's bad, but according to Zigs we just need to fix it with a flat tax.

OK we can drop it now.

[jesmu84]

Inflation?

https://youtu.be/_ha3hiw55MY

[Lennys Tap]

Inflation?

https://youtu.be/_ha3hiw55MY

White House COS thinks inflation is a "high class problem". #Tone Deaf

[Skatastrophy]

White House COS thinks inflation is a "high class problem". #Tone Deaf

Just looked up the quote. He said "high class" as in secondary problems. The rest of the quote is - "We wouldn't have had them if the unemployment rate was still 10%," he continued. "We would instead have had a much worse problem."

Makes sense. Inflation is a problem, but not as bad as record unemployment. We're getting there, once the supply chain issues start abating.

[tower912]

Wouldn't it be wonderful if we were able to remember the true meaning of Christmas?


Since rampant consumerism may be a lot tougher this year.

[jesmu84]

White House COS thinks inflation is a "high class problem". #Tone Deaf

Inflation, as defined by increase of cost of goods due to increase in money supply, is not evident.

Therefore, whatever increased costs of good we are currently seeing is likely transitory secondary to supply chain/logistics difficulties.

We should, imo, be focusing on improving domestic manufacturing to avoid this problem in the future. Unfortunately, corporate interests are against this idea.

[Lennys Tap]

Inflation, as defined by increase of cost of goods due to increase in money supply, is not evident.

Therefore, whatever increased costs of good we are currently seeing is likely transitory secondary to supply chain/logistics difficulties.

We should, imo, be focusing on improving domestic manufacturing to avoid this problem in the future. Unfortunately, corporate interests are against this idea.

Larry Summers and I very much disagree with this analysis.

[Pakuni]

Larry Summers and I very much disagree with this analysis.

Larry's been predicting apocalyptic inflation since January, and nothing close to what he forecast has materialized.
The problem with an appeal to authority argument is that it only works when the authority is right.

[Skatastrophy]

Larry's been predicting apocalyptic inflation since January, and nothing close to what he forecast has materialized.
The problem with an appeal to authority argument is that it only works when the authority is right.

Economists and weather people are never held accountable for being wrong.

[MU82]

Wouldn't it be wonderful if we were able to remember the true meaning of Christmas?


Since rampant consumerism may be a lot tougher this year.

The war on consumerism!

[Pakuni]

Economists and weather people are never held accountable for being wrong.

500 economists?

[Skatastrophy]

Very low on common items at my local grocery stores in Chicago. Only one brand option for lots of common things like flour, chips, oat milk, and canned beans. Spoke to an associate at Whole Foods and they said that it's not high demand (yet). They get shipments daily, and some things just stopped coming in for the last ~month.

How long until a rush on other common items a la the great toilet paper shortage of 2020?