collapse

* Recent Posts

Big East 23-24 NCAA and NIT Results by PointWarrior
[Today at 12:08:31 AM]


Three Years Ago Today... by Newsdreams
[March 27, 2024, 11:34:10 PM]


Kam Jones 1st Round Mock - The Ringer by PGsHeroes32
[March 27, 2024, 10:40:15 PM]


Katz has MU in Final Four by MurphysTillClose
[March 27, 2024, 10:24:36 PM]


UNLEASH THE POWER OF SCOOP!!! by TallTitan34
[March 27, 2024, 10:20:50 PM]


Best MU team since 1977 by Galway Eagle
[March 27, 2024, 09:47:04 PM]


Chicago bars for Fri game by Hallmarq
[March 27, 2024, 09:09:04 PM]

Please Register - It's FREE!

The absolute only thing required for this FREE registration is a valid e-mail address.  We keep all your information confidential and will NEVER give or sell it to anyone else.
Login to get rid of this box (and ads) , or register NOW!


Author Topic: COVID Economy  (Read 222158 times)

mu_hilltopper

  • Warrior
  • Global Moderator
  • All American
  • *****
  • Posts: 7403
    • https://twitter.com/nihilist_arbys
Re: COVID Economy
« Reply #1850 on: October 13, 2021, 11:08:11 AM »

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

  • All American
  • *****
  • Posts: 6583
Re: COVID Economy
« Reply #1851 on: October 13, 2021, 12:45:45 PM »
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

  • All American
  • *****
  • Posts: 6583
Re: COVID Economy
« Reply #1852 on: October 13, 2021, 12:50:30 PM »
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

  • Registered User
  • All American
  • *****
  • Posts: 5115
  • MEDITERRANEAN TACOS!
Re: COVID Economy
« Reply #1853 on: October 13, 2021, 01:19:26 PM »
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

  • All American
  • *****
  • Posts: 6583
Re: COVID Economy
« Reply #1854 on: October 13, 2021, 01:23:31 PM »
You are babbling like jockitch.

You're cute when you're mad.

ZiggysFryBoy

  • Registered User
  • All American
  • *****
  • Posts: 5115
  • MEDITERRANEAN TACOS!
Re: COVID Economy
« Reply #1855 on: October 13, 2021, 02:16:25 PM »
You're cute when you're mad.

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

Pakuni

  • Registered User
  • All American
  • *****
  • Posts: 9875
Re: COVID Economy
« Reply #1856 on: October 13, 2021, 02:52:59 PM »
You are babbling like jockitch.

That's substantive.

ZiggysFryBoy

  • Registered User
  • All American
  • *****
  • Posts: 5115
  • MEDITERRANEAN TACOS!
Re: COVID Economy
« Reply #1857 on: October 13, 2021, 03:40:27 PM »
That's substantive.

You're cute when you're mad.

Hards Alumni

  • All American
  • *****
  • Posts: 6583
Re: COVID Economy
« Reply #1858 on: October 13, 2021, 04:42:22 PM »
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

  • Registered User
  • All American
  • *****
  • Posts: 9875
Re: COVID Economy
« Reply #1859 on: October 13, 2021, 05:31:35 PM »
You're cute when you're mad.

But not only when I'm mad.

rocky_warrior

  • Global Moderator
  • All American
  • *****
  • Posts: 9002
Re: COVID Economy
« Reply #1860 on: October 13, 2021, 09:10:33 PM »
So the covid economy is all good eh?



forgetful

  • All American
  • *****
  • Posts: 4726
Re: COVID Economy
« Reply #1861 on: October 13, 2021, 10:35:55 PM »
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

  • All American
  • *****
  • Posts: 6583
Re: COVID Economy
« Reply #1862 on: October 14, 2021, 06:16:45 AM »
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 of Semantics

  • All American
  • *****
  • Posts: 11506
  • "Private message me coward" - panda
Re: COVID Economy
« Reply #1863 on: October 14, 2021, 08:32:38 AM »
No it's bad, but according to Zigs we just need to fix it with a flat tax.

OK we can drop it now.
“True patriotism hates injustice in its own land more than anywhere else.” - Clarence Darrow

jesmu84

  • All American
  • *****
  • Posts: 6029
Re: COVID Economy
« Reply #1864 on: October 14, 2021, 11:24:40 AM »

Lennys Tap

  • All American
  • *****
  • Posts: 12220
Re: COVID Economy
« Reply #1865 on: October 14, 2021, 04:10:37 PM »
Inflation?

https://youtu.be/_ha3hiw55MY

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

Skatastrophy

  • All American
  • *****
  • Posts: 5516
  • ✅ Verified Member
Re: COVID Economy
« Reply #1866 on: October 15, 2021, 01:45:17 PM »
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

  • Registered User
  • All American
  • *****
  • Posts: 23344
Re: COVID Economy
« Reply #1867 on: October 15, 2021, 02:56:30 PM »
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.
Luke 6:45   ...A good man produces goodness from the good in his heart; an evil man produces evil out of his store of evil.   Each man speaks from his heart's abundance...

It is better to be fearless and cheerful than cheerless and fearful.

jesmu84

  • All American
  • *****
  • Posts: 6029
Re: COVID Economy
« Reply #1868 on: October 15, 2021, 02:57:17 PM »
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

  • All American
  • *****
  • Posts: 12220
Re: COVID Economy
« Reply #1869 on: October 15, 2021, 11:21:51 PM »
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

  • Registered User
  • All American
  • *****
  • Posts: 9875
Re: COVID Economy
« Reply #1870 on: October 16, 2021, 12:02:34 PM »
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

  • All American
  • *****
  • Posts: 5516
  • ✅ Verified Member
Re: COVID Economy
« Reply #1871 on: October 16, 2021, 05:32:58 PM »
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

  • All American
  • *****
  • Posts: 22723
Re: COVID Economy
« Reply #1872 on: October 16, 2021, 06:32:03 PM »
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!
“It’s not how white men fight.” - Tucker Carlson

Pakuni

  • Registered User
  • All American
  • *****
  • Posts: 9875
Re: COVID Economy
« Reply #1873 on: October 16, 2021, 08:46:13 PM »
Economists and weather people are never held accountable for being wrong.

500 economists?

Skatastrophy

  • All American
  • *****
  • Posts: 5516
  • ✅ Verified Member
Re: COVID Economy
« Reply #1874 on: October 17, 2021, 12:26:35 PM »
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?