Can Congress do something about the almost comically corrupt Louis DeJoy and his dismantling of the Postal Service?
I had a package of CPAP supplies that I ordered on Oct 7th. It had a tracking number that last showed signs of life on the 18th IN MY OWN CITY OF PORTLAND even when I checked yesterday. Finally today, it says it’s out for delivery. WT actual F.
jpinard
11774
It is very upsetting he hasn’t been fired and tossed in the garbage yet. I don’t understand that.
ShivaX
11775
My understanding is that his position is insulated from political influence (ha!) and thus only the board that appointed him can replace him. And the Republicans refuse to allow Biden to replace the two empty seats on that board and of course the board is hyper partisan and wont fire the dude that’s destroying their department and also likely broke the law because reasons.
This is the sort of shit the Democrats should be beating the table about. Red state voters do not want the Post Office to stop working. Bet your ass when the USPS starts completely going to shit they’ll blame Biden for a Trump appointee that Biden can’t get rid of because the whole setup is arcane and weird and relatively unknown to people.
138
11777
I didn’t know where to put this, since I don’t see a ‘Republicans Are Idiots’ thread. Basically, some state pols in Maryland went behind their constituents’ backs to try and join West Virginia. Major blowback, backtracking, and retracting ensued.
While true, it pales in comparison to the effrontery of someone with (D) after their name holding office.
KevinC
11779
Jesus Christ! Imagine trying to become part of West Virginia!
138
11780
Oh, it’s a scene, man. There are some who are convinced that we’re so “neglected” by the rest of the state that’s we’d be better off as part of WV. They have no real evidence of that, or any idea of how life would be as WV counties. They only know that their culture of God, guns, and coal is more in lockstep with the rednecks across the Potomac than with the Liberals downstate in Annapolis. And culturally, that’s true, I guess. But the Western counties reap the benefits of the more affluent counties’ tax revenues and thank God that a lot of people out here – Repubs and Dems – are smart enough to realize that.
KevinC
11781
And meth! Don’t forget the meth.
Thrag
11782
Romney says that a wealth tax on billionaires may cause them to move some of their assets from stocks to something already covered by wealth taxes.
Please, invest in more ranches. All the GOP talk about rural voters. If there’s a mass movement of money from stocks into ranches a lot of rural communities are bound to appreciate the expansion of the tax base and the additional money raised for local public education through the property taxes.
Wasn’t there just a big expose on how wealthy folks are hiding their money away in property in the US? Or was that only foreign wealthy folks that that works for?
I think they hide it via renting property specifically.
Romney can suck my dick. This absolutely needs to happen. These fuckfaces avoid taxes is taking out loans using their equities as collateral. Romney is probably one of them.
Elon Musk has similarly put up a massive amount of his equity in Tesla and SpaceX as collateral for loans, rather than sell those shares and pay 20% in capital gains tax to free up the money. From 2014 to 2018, Musk paid $455 million in taxes on a reported income of $1.52 billion, resulting in an effective tax rate of 29.9%. But his wealth grew by $13.9 billion during that time, meaning his “true tax rate,” according to ProPublica’s methodology, was just 3.27%.
Take all their money and put it in a giant piggy bank and make them play the Squid Game. The winner gets to keep their wealth (minus 40% wealth tax) and the rest is redistributed to give us health care and education.
Zuck, Bezos, Gates, Musk et al.: Oh noes, I might be slightly less fabulously wealthy than before if this wealth tax goes through! I’m going be eating out of the garbage!
Fucking dickwads.
Menzo
11787
It’s a shitty practice, but won’t these people have to sell their stock at some point to pay back the loans?
Only a small amount if the stock has appreciated in value significantly. And they can write off the interest paid on those loans an expense to offset some of the taxes, while also making sure they are completely avoiding short terms capital gains taxes.
If you are in the wealth class these people are, you just keep doing debt-financing until you die, at which point a new set of loopholes kick in. There’s no need to ever sell stock or pay a cent in taxes (while you are living).
Margin calls. At least that’s what happened in 1929, 2008, and number of other bear markets in history.
“My partner Charlie says there is only three ways a smart person can go broke: liquor, ladies and leverage ,” Warren Buffet.
Impossible, I was guaranteed a few months ago that made no sense whatsoever and they were only rich on paper and would be taxed mobilizing it in any way.
Timex
11792
The threat that rich people are gonna stop investing money if they get taxed more is an empty bluff.
They’re not gonna choose to make zero money, rather than a lot of money. They will keep investing, because it makes a lot of money. Even if ti’s less than today, it’ll still be a lot. They’ll keep doing it. Obviously.
