Economics Thread

Didnt make the cut.

Which is stupid that they are spending time means testing. Someone could have had a good year in 2018 and been laid off last month.

If they cared about that they could always claw it back via taxes later
 

You disagree I assume? You think the IRS is out here throwing people who owe a few hundred dollars in prison? Ignoring the fact that the "penalty" is now $0, here are the likely things the IRS will do if you file an accurate return and have an unpaid $700:

1) Nothing
2) Mean letter
3) Non-payment penalty fine
4) Charge you interest
5) Credit ding
6) Audit
7) Take it out of future refunds
8) Wage Garnishment/Lien/Levy/Turnover to Collections/Whatever it takes to just get the money (but this seems very unlikely for such a small amount)

But I wait with rapt attention for all the examples you have of Obummer's debtor's gulag.
 
What I said was "risk jailtime" for not buying a product that your hero mandated that I buy.

I'm happy to hear nobody will go to jail for refusing to pay taxes though.

As an aside, you seem to have gotten pretty emotional last couple days.
 
He realizes how wrong he was and is a little embarassed. His natural reaction to this is being an egotistical pedantic prick.

It's not uncommon in the profession.
 
I always love it when someone nitpicks a semantic word from an overall point (President mandating I buy a private product)

DUR YOU DONT ACTUALLY GET JAILTIME SO YOUR POINT IS DUMB!!!!
 
I always love it when someone nitpicks a semantic word from an overall point (President mandating I buy a private product)

DUR YOU DONT ACTUALLY GET JAILTIME SO YOUR POINT IS DUMB!!!!

Yes, correct. It is dumb to say Obama put you at risk of going to jail over this. Glad you get it.
 
Didnt make the cut.

Which is stupid that they are spending time means testing. Someone could have had a good year in 2018 and been laid off last month.

If they cared about that they could always claw it back via taxes later

Mine would have already been deposited and lost into one of New Jersey's fine online casino establishments. Just as well, I suppose.
 
Sorry I misread the "semantic" fine distinction there. I'm glad you never actually thought you were at risk of going to jail. That would have been nutty.
 
Mine would have already been deposited and lost into one of New Jersey's fine online casino establishments. Just as well, I suppose.

Gross.

Which online casino is it, so I can avoid it like I avoid Bovada a few times a week because they use live dealers for roulette.
 
Gross.

Which online casino is it, so I can avoid it like I avoid Bovada a few times a week because they use live dealers for roulette.

Up to now I've been able to avoid the online casino temptation, but I'm not sure how many more days of Belarusian soccer and Russian table tennis I can take before I pull $$ out of one of my sportsbook accounts and take the plunge.
 
Up to now I've been able to avoid the online casino temptation, but I'm not sure how many more days of Belarusian soccer and Russian table tennis I can take before I pull $$ out of one of my sportsbook accounts and take the plunge.

I've made 4.5k from online roulette in the last month. Paid the bills during the quarantine. I'm waitin for that stimulus check so I can be more aggressive in my betting.

One thing i can't stand about online roulette is the live dealer doesn't give you as much time to place your bets in real life. On one hand I prefer the live dealee cause i don't trust electronic roulette simulation and in a real casino whenever I'm hot they always send in a shaker to ruin my focus and throw my game off.

Bovada is only online casino that has a live dealer in front of a camera so you can see them spin and deal (poker, blackjack, baccarat).

In real life, the dealer gives you about a minute to two to place your bets and even a few seconds after they spin you can put in your last second bets. Online because there's no chips to clean up it's spun literslly every 20-25 seconds. So you have to be quick, hence why I can't rack up a ch ip count as easily as in real life.
 
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More debt spending projected this year than during Obama's second term.
 
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It is a standard prescription to increase the deficit during a recession. And the worse the recession the more the stimulus should be.

As an additional observation, the multiplier for fiscal stimulus is likely to be smaller than usual while people are hunkered down and scared. The economy is not going to fully recover until people feel safe. It is an obvious point but one worth making.
 
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