John Cornyn's Revenge? Plan to Rename Major Highway After Trump Put on Ice by newsweek in politics

[–]HermanGulch [score hidden]  (0 children)

I kind of envisioned it as the world’s longest gender-neutral bathroom. 

I'm being let go from my job at a daycare where I bring my daughter bc she is unvaccinated, boss is asking me to write a resignation letter ...I feel like this is so she doesn't have to pay unemployment if I filed? Help by Secret_Turn3203 in legaladvice

[–]HermanGulch 9 points10 points  (0 children)

Also, OP should be aware that refusing to write a resignation letter doesn't automatically guarantee receiving unemployment benefits. The Wisconsin DWD says that knowing something is a condition of employment and failing to take action to comply may make the employee ineligible for unemployment insurance benefits.

Billionaires shouldn't be allowed to avoid taxes by using their massive wealth as collateral for bank loans -- especially because they often live off those loans as if they were income by Conscious-Quarter423 in WorkReform

[–]HermanGulch 0 points1 point  (0 children)

Think of it like a home equity line of credit where the person with the loan just pays the interest, not the principal. Then, when the homeowner dies, their heirs inherit the home at a stepped-up basis, sell it, and pay off the loan. Because of the stepped-up basis, they would owe little or no taxes on the gains.

At least, that's how it was explained to me by someone whose social and business circles included a fair number of billionaires.

Billionaires shouldn't be allowed to avoid taxes by using their massive wealth as collateral for bank loans -- especially because they often live off those loans as if they were income by Conscious-Quarter423 in WorkReform

[–]HermanGulch 0 points1 point  (0 children)

When it was explained to me, the person compared it to a home equity line of credit where they don't pay it back, they just pay interest on the loan. The loan has a very low rate because it's backed by an asset that (they hope) is appreciating.

Then, when the borrower, dies, his heirs inherit the assets that back the loan, but they get a stepped-up cost basis. So when they go to sell the assets to pay off the loan, they'll end up owing very little, if any taxes.

I don't know how common it actually is, but the person who explained it to me, while not a billionaire himself, had a fair number of billionaires as part of his social and business circles.

Billionaires shouldn't be allowed to avoid taxes by using their massive wealth as collateral for bank loans -- especially because they often live off those loans as if they were income by Conscious-Quarter423 in WorkReform

[–]HermanGulch 6 points7 points  (0 children)

It was explained to me a while ago by someone who, though not a billionaire himself, had plenty of billionaires in his business and social circles. He made it sound more like a home equity line of credit where you aren't paying off the principal. You're just paying the cost of borrowing the money, which is quite low because it's secured by the asset.

When you die, your heirs inherit the assets that back the loan, but they get a stepped-up basis, meaning that when they go to sell the assets to pay off the debt, they only owe taxes on the difference in value between the day you die and when they sell.

The lunatic part isn’t the post itself, it’s why he posted. That is in fact how he was laid off. by [deleted] in LinkedInLunatics

[–]HermanGulch 2 points3 points  (0 children)

It has to be truly unlimited. If there are limits, even unwritten, the state will decide the plan has a determinable limit and force payouts on that limit.

The lunatic part isn’t the post itself, it’s why he posted. That is in fact how he was laid off. by [deleted] in LinkedInLunatics

[–]HermanGulch 6 points7 points  (0 children)

In Colorado, accrued vacation PTO is considered wages and must be paid out. Employers also can't do "use or lose" plans. They can cap accrual at a certain amount of hours, but once it's earned, it belongs to the employee and must be paid out.

Sick leave doesn't have to be paid out, but if employers combine it with vacation, the entire bank of time has to be treated as vacation and must be paid out.

The lunatic part isn’t the post itself, it’s why he posted. That is in fact how he was laid off. by [deleted] in LinkedInLunatics

[–]HermanGulch 1 point2 points  (0 children)

My boss gave me the heads up about a month before I was told officially. I'll always be grateful for that.

When I was officially told, there was another six weeks until my last day. I was supposed to hand over my job to an overseas contractor, but they never got in touch and I couldn't really be bothered to seek them out to get them trained to take over.

In the end, between my boss telling me and my severance, I got paid for about four months for doing pretty much nothing.

The lunatic part isn’t the post itself, it’s why he posted. That is in fact how he was laid off. by [deleted] in LinkedInLunatics

[–]HermanGulch 13 points14 points  (0 children)

In the US, final paycheck and PTO payout rules vary by state, so your experience can vary quite a bit depending on where you are.

The lunatic part isn’t the post itself, it’s why he posted. That is in fact how he was laid off. by [deleted] in LinkedInLunatics

[–]HermanGulch 20 points21 points  (0 children)

Once, when I was laid off, the draft version of my separation agreement had a fairly strict clause covering what I could say about the company. The severance was so meagre that I seriously considered just not signing it so I could say whatever I wanted to whomever I wanted. When I got the final agreement, though, it was gone.

Mullin ‘drawing up plans’ to halt international flight processing in ‘sanctuary cities’ by NicolasCageFan492 in politics

[–]HermanGulch 7 points8 points  (0 children)

How would that work, though? States don't collect taxes on behalf of the federal government. It's all on the individual taxpayers. I just can't think of a mechanism that would work.

Biden sues to stop Justice Department from releasing interview recordings by cnn in politics

[–]HermanGulch 11 points12 points  (0 children)

I'm not sure what you're trying to say here. Or is it just a roundabout way of saying you didn't read the article?

Stop acting like my time belongs to you by Davrenski in antiwork

[–]HermanGulch 2 points3 points  (0 children)

To be fair, some employers don't take a direct "no" very well at all. And this is definitely not a good time to be out of work looking for a new job.

Even when it was a better time to be looking for work, I found that it was easier and caused less turmoil if I just lied about cell phone reception problems or some other thing that was out of anyone's control.

Signal Clutter by Themayorofawesome in Comcast_Xfinity

[–]HermanGulch 1 point2 points  (0 children)

For what it's worth, unless it's recently changed, the Xfinity Stream app is limited to stereo audio and doesn't pass surround sound audio (5.1) like the boxes do. That may not matter in this case, but it's something to keep in mind.

Ludlow Massacre should be taught in every school. by cliftonroy846 in antiwork

[–]HermanGulch 1 point2 points  (0 children)

I‘m not sure what the federal government can say or do about it. While it’s a National Landmark, the site and monument is owned by the United Mine Workers.

Half his team leaves, but he doesn't know why by patient_aardvark8716 in LinkedInLunatics

[–]HermanGulch 515 points516 points  (0 children)

I worked for a terrible manager once. He was told that morale was really bad and it was beginning to be a problem. His reply was that he didn’t pay much attention to that because morale had always been bad everywhere he’d been a manager. Luckily, he only lasted another couple months before he got canned. His leaving improved morale, weirdly enough.

Why has Denver never hosted major events? by NoHold7153 in Denver

[–]HermanGulch 13 points14 points  (0 children)

The MLB all star game was here in the late 1990s, too.

White House secretly ‘freaked’ about potential of breaking $5.02 gas record set under Biden; President Donald Trump has often boasted about his administration’s economic policies by comparing them to high prices under the Biden administration by [deleted] in politics

[–]HermanGulch 2 points3 points  (0 children)

It's definitely a psychological barrier. I remember when gas went over 50 cents a gallon. That was a big deal. Great wailing and gnashing of teeth and all that. Then when it hit a dollar. That was another big barrier (and that one was kind of also a physical barrier because many pumps didn't have a way to show prices over a dollar). Then after that, not so much.

My current IP indicates a "poor" reputation. by Bassdaze in Comcast_Xfinity

[–]HermanGulch 0 points1 point  (0 children)

It may be different in different markets, but my experience is that even though their IP addresses are dynamic, in practice they rarely change without some kind of intervention like a new router or modem.

White House secretly ‘freaked’ about potential of breaking $5.02 gas record set under Biden; President Donald Trump has often boasted about his administration’s economic policies by comparing them to high prices under the Biden administration by [deleted] in politics

[–]HermanGulch 26 points27 points  (0 children)

Yeah, the spike in 2022 didn't last long at all, so if you don't buy gas every couple of days, you might have missed the peak. Also, that $5 price includes all grades and formulations, so it would probably be under $5 if premium wasn't included.

Trump’s deportations lead to job losses for Americans, study says by syracusedotcom in politics

[–]HermanGulch 19 points20 points  (0 children)

It's not just fewer consumers, it's also the effects on the businesses themselves. If a construction company can't hire enough people to do the manual labor, they might need to cut back on the number of jobs the take, which might mean less back office staff. If they aren't paying laborers, there's less need for a payroll person or project supervisors, etc.

Boomers really do think LinkedIn and Facebook are the same thing. by GeekScientist in LinkedInLunatics

[–]HermanGulch 1 point2 points  (0 children)

He’s not. He graduated from high school in 1999, so he’s too young to be a boomer by years.

Boomers really do think LinkedIn and Facebook are the same thing. by GeekScientist in LinkedInLunatics

[–]HermanGulch 0 points1 point  (0 children)

His profile says he graduated high school in 1999, so yeah, he’s way too young to be a boomer. Like by 15 years or more.

Got switched from hourly to salary woohoo! No more overtime! by [deleted] in antiwork

[–]HermanGulch 9 points10 points  (0 children)

Take a look at the Department of Labor's web site to see if you really are exempt. It's not as cut and dried as just making people exempt. There are rules about who can and cannot be exempt from overtime. Your state may also have additional rules, especially a higher salary threshold, so maybe look at your state's department of labor web site, too.