
Lacessit
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Everything posted by Lacessit
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Don't you get tired of fear mongering
Lacessit replied to Harrisfan's topic in ASEAN NOW Community Pub
I can live with not being part of a rah-rah cult of intellectually-impaired people. -
Wall Street Journal Dunks On Trump In Stinging New Editorial
Lacessit replied to BLMFem's topic in Political Soapbox
Not only is recession possible, there is a real risk of depression. The Smoot-Hawley tariffs of 1930 averaged 20% on about 40% of goods entering the USA. Now, 10% on EVERYTHING, plus more than 200% on anything out of China. You should lay off the Kool-Aid. -
Don't you get tired of fear mongering
Lacessit replied to Harrisfan's topic in ASEAN NOW Community Pub
What do you think Trump is doing in the world? When you posted, the irony obviously escaped you entirely. Sure, Trump is giving Americans hope. False hope.- 146 replies
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Don't you get tired of fear mongering
Lacessit replied to Harrisfan's topic in ASEAN NOW Community Pub
I get tired of the cult BS. Example: DOGE is saving billions by firing public service employees, in the name of "efficiency". When the US population was 150 million, there were 2 million federal public servants. Now there are 330 million Americans, still 2 million federal employees. That's efficiency. For every federal employee, there are 10 public servants i State and local government. Trump and Musk can't fire them, only state governors can. Cult BS.- 146 replies
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Stocks, dollar slide as Trump's attacks on Fed shake markets
Lacessit replied to BLMFem's topic in Political Soapbox
I am wondering why you are wasting your time on ASEAN threads, when you could be busy elevating yourself to billionaire status with your unerring prognostications of the share market. -
How often do loans get rolled over into new loans? It's a game for the wealthy. How much wealth should a family be able to build? You don't seem to understand the middle class is being hollowed out, the poorest classes are being replaced by robots, and wealth inequality of this generation is unprecedented. If that does not trouble you, perhaps you need an empathy transplant.
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Someone who keeps his word.
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Fred should be flat broke. If he still owns a private jet and a casino, he is not. The solution is not obvious to most. Forget about taxing on profit and deducting on loss, there are too many ways to legally evade taxes with some jiggery-pokery. Tax on revenue instead, 1-2%. Revenue can't be fiddled, it just is. Wealth inequality is created when wages are taxed at far higher levels than billionaires, who can simply take out loans against growing assets to provide the cash for their lifestyle. Wages are revenue. You'll eliminate the debt in 1-2 years. When I was earning six figures, I would have loved to be taxed at 2%.
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Are Trump's intentions positive, or is he just unhinged?
Lacessit replied to spidermike007's topic in Political Soapbox
Quoting from The Matrix doesn't cut it for me. I take medication for BPH. You should take clozapine. OTOH, the laws of Newton and thermodynamics do. Do you remember the one about every action having an equal and opposite reaction? That's what the USA is getting from the rest of the world. -
Are Trump's intentions positive, or is he just unhinged?
Lacessit replied to spidermike007's topic in Political Soapbox
What do you know of the laws of thermodynamics, and how they apply to global warming and climate change? I post facts. I don't post conspiracy theories. -
One less tribe of scooter idiots to contend with on the roads.
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It's a common misconception carbohydrates are needed for energy. Fat provides twice the energy sugar and carbohydrates do. Sugar provides rapid energy, hence the term sugar hit. OTOH, fat provides long-term sustained energy. Deprive the body of readily metabolized sugar and carbohydrate, it turns to burning fat instead. With exercise, that means weight loss. Unless excess protein is used to bulk up muscle mass.
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Nothing wrong with capitalism per se. When wealth inequality gets to the stage three men in America control more wealth than the bottom 150 million Americans, it's time to say whoa. Trump is whipping the horse instead.
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Are Trump's intentions positive, or is he just unhinged?
Lacessit replied to spidermike007's topic in Political Soapbox
Withdrawing from the WHO means America will be less able to deal with pandemics. Unlike immigrants, bacteria and viruses can evade borders easily. The Paris Climate Accord is aimed at mitigating climate change. America can expect more natural disasters. Check your property insurance premiums. The USA has a positive trade balance with Australia, who charges no tariffs on American imports. Please tell me how Australia is humping America. IMO you are over-optimistic on the savings on government waste. IME any cost-cutting exercise results in overestimates of savings. The real problem is the interest required to service debt. IIRC it's about $1.8 trillion per year, and increases as bond yields escalate. Which is happening now, with a capital flight to the Swiss franc and Japanese bonds.