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  1. #301
    Mr. John Wayne CosmicCowboy's Avatar
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    What conclusion did you just draw?
    I concluded he was making a joke about AOC saying it.

  2. #302
    Mr. John Wayne CosmicCowboy's Avatar
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    You and I can make this up in working income very easily. We took a paper loss at this point, let’s cry.

    Half the people in this country take a hit like this out of pocket?
    And you throw out this basically white male problem expecting this to seem like it should hurt or not? Which is it?

    I personally do not like the idea of wealth redistribution with the unknown ramifications.

    But If you refuse to at least look at the stats as they exist and blame it on simple laziness... you don’t give a fck about this country. That is such a red team excuse and it’s just ridiculous. Find a cheating poor bum scamming the system before looking for a multi millionaire and cheating accounting, that’ll do it for you. Rationalization completed, you feel fine.

    “Dammit I hate taxes” Meanwhile the entire fleet of trucks this person owns, uses and tears up federally funded highways moving all his product to an Amazon warehouse.

    Boo fckn hoo...
    I all you can get is a near minimum wage job and you aren't mentally or physically handicapped then at some point you were either lazy or made some very bad decisions.

  3. #303
    my unders, my frgn whites pgardn's Avatar
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    I all you can get is a near minimum wage job and you aren't mentally or physically handicapped then at some point you were either lazy or made some very bad decisions.
    50% of our workforce IS NOT minimum wage.

    They pay 3% of our federal taxes?
    Something is fckn up because they do pay taxes on that paystub.

  4. #304
    my unders, my frgn whites pgardn's Avatar
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    If this stat is true:

    Lower 50% in income pay 3% of taxes.
    Upper 50% pay 97%

    So half of our working public pay only 3%

    We have a lot of lazy people or...
    Something about income and income tax is very off balance.

    Where the fck is the middle class? Wtf does middle class even mean?

  5. #305
    my unders, my frgn whites pgardn's Avatar
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    Liberals always look to blame government policies and the rich.

    Conservatives always look to blame the individual for their plight.

    Im saying we got a problem in the distribution of wealth.
    Something is rotten. How to fix it, I’m not sure.
    I know this, it’s NOT purely due to bad decisions and laziness.

  6. #306
    my unders, my frgn whites pgardn's Avatar
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    Liberals always look to blame government policies and the rich.

    Conservatives always look to blame the individual for their plight.

    Im saying we got a problem in the distribution of wealth.
    Something is rotten. How to fix it, I’m not sure.
    I know this, it’s NOT purely due to bad decisions and laziness.

  7. #307
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    $2 billion needed to develop COVID-19 shot

    https://www.reuters.com/article/us-h...Health+News%29

  8. #308
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    Russia refuses to support production cuts, says let's wait and see what happens.

    WTI $41 Brent at $45

    $30's coming up I guess. Thank Vlad when you fill up.

  9. #309
    my unders, my frgn whites pgardn's Avatar
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    Russia refuses to support production cuts, says let's wait and see what happens.

    WTI $41 Brent at $45

    $30's coming up I guess. Thank Vlad when you fill up.
    I need it at 4.50 a gallon in Texas.
    I want to kayak without the yahoos burning gas in their shallow grass flat boats and scaring all the fish.

  10. #310
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    Meaningless to you perhaps.

    Aggregate employment rates don't give a good picture of overall financial precarity, declining fortunes and declining quality of life in the USA since the 2008 crash, that's all.

    What good is it if theoretical full employment levels leave half the country is unable to incur an unexpected 500 dollar expense without being wiped out? One third of baby boomers approaching retirement age have between zero and 25,000 in retirement savings.
    Wage growth has simply not materialized. When unemployment is low, the trend is for wages to go up, since there's allegedly more compe ion in the marketplace.

    There's many reasons for this phenomenon right now, here's an article that summaries some:
    https://www.nytimes.com/interactive/...ob-market.html

  11. #311
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    There's many reasons for this phenomenon right now, here's an article that summaries some:
    https://www.nytimes.com/interactive/...ob-market.html
    Do you think those "numbers" (aka "Capitalism S Labor) just happen naturally, inevitably as "free-market, open compe ion Capitalist economics", or are they induced, even forced, by govt and Capitalist actions?

  12. #312
    Mr. John Wayne CosmicCowboy's Avatar
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    I need it at 4.50 a gallon in Texas.
    I want to kayak without the yahoos burning gas in their shallow grass flat boats and scaring all the fish.
    They still did that when gas was expensive. The ones I really hated were the airboats.

  13. #313
    my unders, my frgn whites pgardn's Avatar
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    They still did that when gas was expensive. The ones I really hated were the airboats.
    Absolutely air boats. I feel like chunking a chain in the prop. Possibility of injuries way too high.

    Traffic was considerably lower when gas was high in my experience. (Redfish Bay Area OfF Of 361)
    Although they did end up ruining places for each other and cussing each other.
    No need to cuss a kayaker. Just burn the shoreline in my entire path. go between me and the shoreline because you can and I can’t chase you down and ruin it for you.

    The boaters and airboats way off in the middle of nowhere are usually very cognizant of your presence and take obvious precautions to be kind.

    Ahh, eventually I find em in a back lake. I will go either way. But I still want high gas prices. I love empty boat parking lots in the middle of the week.

  14. #314
    I am that guy RandomGuy's Avatar
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    Liberals always look to blame government policies and the rich.

    Conservatives always look to blame the individual for their plight.

    Im saying we got a problem in the distribution of wealth.
    Something is rotten. How to fix it, I’m not sure.
    I know this, it’s NOT purely due to bad decisions and laziness.
    The evidence we have is that poverty causes bad decisions, not vice versa.

  15. #315
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    Do you think those "numbers" (aka "Capitalism S Labor) just happen naturally, inevitably as "free-market, open compe ion Capitalist economics", or are they induced, even forced, by govt and Capitalist actions?
    I think it's natural as the market has expanded to the whole world, and technology has made that possible. The US is largely noncompe ive in the vast majority of non-specialized areas. Retraining is hard, costly, and normally not covered by the market, especially for people of older age.

    Demagogues are going to keep rambling against globalization because it's an easy target that resonates with the non-rich 70% or so of this country, but in practice, this is what capitalism evolved into. It's still about being efficient, streamlining costs, getting the best ROI, etc.

    There's no easy solutions or silver bullets for this, tbh.

  16. #316
    Mahinmi in ? picnroll's Avatar
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    Dow futures down over 900 with prospect of oil price war. Oil plummets 30%.

  17. #317
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    Russia refuses to support production cuts, says let's wait and see what happens.

    WTI $41 Brent at $45

    $30's coming up I guess. Thank Vlad when you fill up.
    Oil futures now
    WTI $31
    Brent $33

    I guess $20's on the table

  18. #318
    Veteran hater's Avatar
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    stock can possibly lose 50% value next few weeks

    probablu sub 22k by end of the week

  19. #319
    Mahinmi in ? picnroll's Avatar
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    Sitting on 95% cash since my one year treasuries matured last month. Trick is to get a good entry point.

  20. #320
    Veteran hater's Avatar
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    Russia refuses to support production cuts, says let's wait and see what happens.

    WTI $41 Brent at $45

    $30's coming up I guess. Thank Vlad when you fill up.
    Russia is self sufficient thanks mainly to US sanctions

    Putin is probably letting other oil banana republics go down in flames, also seeing the onliteration of US fracking industry and enjoying Wall Street go to the toilet

  21. #321
    Mr. John Wayne CosmicCowboy's Avatar
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    Pretty clear tomorrow is gonna suck.

  22. #322
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    Asian and European markets have crashed. 6% loss Id expect similar loss tomorrow on Wall Street

    Sad thing is the markets are crashing now not because the virus in china but the almost guaranteed pandemic in the USA

  23. #323
    Independent DMX7's Avatar
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    Asian and European markets have crashed. 6% loss Id expect similar loss tomorrow on Wall Street

    Sad thing is the markets are crashing now not because the virus in china but the almost guaranteed pandemic in the USA
    We're already at pandemic status TBH. It's not under control. Nothing is under control anywhere. Tomorrow they may even have to halt trading inter-day if we have a full blown crash. I believe only 7% or something like that is the magic number to trigger trading halt automatically.

  24. #324
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    There are a lot of factors to disrupt the market, Corona virus, elections coming, dems dropping out, fed rate cut, etc. It'll be another month before we see where the markets will trend. I don't see a major stall soon, but I don't make my money as an economist

    Good time to be a day trader, though.
    Yep, I've been using leveraged S&P500 (SPXL) - buy and sell the downs and ups.

  25. #325
    Take the fcking keys away baseline bum's Avatar
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    Opens down 872 points

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