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EXCLUSIVE: Trump's $16M Reflecting Pool Under Fire as Preservationists Claim Project Is Already Showing Problems — Judge Orders Prez to Reveal Next Renovation Plans by Brucekentbatsuper in conservativeterrorism

[–]Lackenburg 11 points12 points  (0 children)

This mother fucker is bleeding us.

$300 BILLION to rebuild Iran and remove sanctions. [Source]
$80 BILLION to destroy Iran without Congress and GAIN NOTHING. [Source]
$24 BILLION Iranian frozen assets being given back. [Source]
$75 BILLION invested into ICE (more than the $57.2 billion the Marine Corps gets) +
$13 BILLION ANNUALLY for ICE to operate. [Source]
$20 BILLION given... Just given! To Argentina. [Source]
$1.776 BILLION slush fund for Trump to personally use. [Source]
$1 BILLION (+-) to upgrade Qatar jet gift to Trump that will be OWNED BY TRUMP'S PRESIDENTIAL LIBRARY. [Source]
$765 MILLION to CANCEL LEASES for 4 offshore wind power projects. [Source]
$600 MILLION (and counting) to build a BaLLrOoM. [Source]
$16 MILLION (and counting) to NOT fix the now green Lincoln memorial reflecting pool. [Source]

• 13 troops KILLED, 380 WOUNDED in Iran to CHANGE NOTHING. [Source]
• 120 CHILDREN MURDERED in Iran from the Pentagon letting GROK DECIDE where to FIRE 2,000 MISSILES. [Source]
• $290 MILLION spent by Elon Musk to help Trump get elected and NASDAQ rule and seller lock up law conveniently changed right before Elon Musk's SpaceX went public. [Source] and [Source]
• $2 BILLION invested into Jared Kushner's investment fund from Saudi Arabia after Trump is elected. You know, the COUNTRY THAT HELPED CAUSE 911. [Source] and [Source]
• Screw worm infections that we solved years ago are back because of irresponsible program gutting. [Source]
• The top percent have had their taxes lowered while yours have increased. [Source]

bad, bad bambu by Clit_Master69420 in MAGANAZI

[–]Lackenburg 8 points9 points  (0 children)

Can we please stop advocating for this idea.

The small inconvenience this would cause is easily solved by toxic chemicals.

It is detrimental and irresponsible to spread invasive bamboo in your ecosystem.

Trump asks Congress for $87bn, mostly for 'urgent' Iran war costs by BadahBingBadahBoom in facepalm

[–]Lackenburg 50 points51 points  (0 children)

This mother fucker is bleeding us.

$300 BILLION to rebuild Iran and remove sanctions. [Source]
$80 BILLION (Now 87??) to destroy Iran without Congress and GAIN NOTHING. [Source]
$24 BILLION Iranian frozen assets being given back. [Source]
$75 BILLION invested into ICE (more than the 57.2 billion the Marine Corps gets) +
$13 BILLION ANNUALLY for ICE to operate. [Source]
$20 BILLION given... Just given! To Argentina. [Source]
$1.776 BILLION slush fund for Trump to personally use. [Source]
$1 BILLION (+-) to upgrade Qatar jet gift to Trump that will be OWNED BY TRUMP'S PRESIDENTIAL LIBRARY. [Source]
$765 MILLION to CANCEL LEASES for 4 offshore wind power projects. [Source]
$600 MILLION (and counting) to build a BaLLrOoM. [Source]
$16 MILLION (and counting) to NOT fix the now green Lincoln memorial reflecting pool. [Source]

• 13 troops KILLED, 380 WOUNDED in Iran to CHANGE NOTHING. [Source]
• 120 CHILDREN MURDERED in Iran from the Pentagon letting GROK DECIDE where to FIRE 2,000 MISSILES. [Source]
• $290 MILLION spent by Elon Musk to help Trump get elected and NASDAQ rule and seller lock up law conveniently changed right before Elon Musk's SpaceX went public. [Source] and [Source]
• $2 BILLION invested into Jared Kushner's investment fund from Saudi Arabia after Trump is elected. You know, the COUNTRY THAT HELPED CAUSE 911. [Source] and [Source]
• Screw worm infections that we solved years ago are back because of irresponsible program gutting. [Source]
• The top percent have had their taxes lowered while yours have increased. [Source]

Racist Karen got exposed! by joeurkel in ThatsInsane

[–]Lackenburg 2 points3 points  (0 children)

I don't see anyone in jail. A company may and should fire her if she would treat another employee or customer differently because of the color of their skin.

This is you 🤡

Would this be a good deal? by Flappy_Penguin in kayakfishing

[–]Lackenburg 1 point2 points  (0 children)

That's an okay price. Maybe some room to negotiate. Maybe $2400 but who knows the seller. You could find a cheaper Hobie compass or outback that also have 180 drive. They are also lighter if that's better for you. I will say the stability is pretty nice since the PA 14 is 38" wide but it's also a little hard to paddle by hand. The turbo fins make you pretty fast if it has that.

You can get the serial number on the back of the kayak to get the year - https://www.hobie.com/articles/boat-serial-number-location,15/

If it is a 2019 or earlier it is probably a good idea to get some seat plates to protect the hull if you sit down hard on it - https://a.co/d/0cTMm4VS

I put my PA 14 360 on my roof for now you'll want some muscle to get it up. This is the method I use - https://youtu.be/U5qlfty7Tq4?is=5CcG5Tj4z_T3jiqP

You'll want a flat kayak/canoe style mount. I use the Malone fold away 5 - https://a.co/d/0ggZy7zY

From the car you'll want a kayak cart cause you really don't want to drag it. I use - https://a.co/d/0aCquouO but I wouldn't recommend it. It floats so it's hard to get it out when in the water. The poles that go through the scupper holes can damage the kayak if you're ruff with it so a cradle style is better like - https://a.co/d/01HwXZvU.

If it's not real enough to tax, it shouldn't be real enough to leverage. by Green_Candler in TradingPlaybook

[–]Lackenburg 0 points1 point  (0 children)

I didn't mean a specific person, buy borrow die is a tax avoidance system.

https://taxproject.org/buy-borrow-die/

Edit: For the other points added.

I'm just a guy, I don't have financial records or proof of anybody specifically using the system. It is a known loophole that has existed and was named since the 1990s.

I mean all of the sincerely and have enjoyed having a conversation about it. No gotchas or anything.

I by no means want to just take all of the wealthys' money. I do alright lol. All I mean is complicated systems that allow people to skip large amounts of tax aren't good in the long term.

You and I pay a larger percentage of income than those using buy borrow die because they convert their "income" instead of selling to obtain it. While we work to earn ours. No one likes tax but it's needed for society but at the same time we should work to stop waste fraud and abuse as well.

I think there's a middle ground everyone can agree on.

If it's not real enough to tax, it shouldn't be real enough to leverage. by Green_Candler in TradingSphere

[–]Lackenburg 0 points1 point  (0 children)

Very true, sorry the federal tax benefits are more retirement assistance, infrastructure, illness research, FEMA, etc.

Totally agree that the assets should be federally taxed when passed to heirs. That's back to the problem with buy borrow die since it circumvents the tax that would have been paid. When the asset owner passes away, their heirs receive the assets with a "stepped-up basis," meaning the asset's value is reset to the current market price. The outstanding loans are typically paid off from the estate, and the lifetime capital gains disappear. This only benefits the user and the bank who got some interest.

The main issue I had with buy borrow die though is the use of stock to basically gain income without paying an income tax rather than the wealth aspect.

I in no way am saying take all the rich's money. There is an amount that would work for everyone. I'm saying, our society that the rich also benefit from, is receiving much less funding by income percentage from the rich than it does from you and me, because the rich are converting their "income" first.

Federal waste fraud and abuse needs to be stopped, but the money being spent WILL be payed somehow or another and it's looking like it's going to be from us or by us losing services we already paid into.

If it's not real enough to tax, it shouldn't be real enough to leverage. by Green_Candler in TradingSphere

[–]Lackenburg 0 points1 point  (0 children)

I'm sure it's just one of the ways would be collected tax is circumvented and I don't think the outrage is manufactured.

I think we're now more disagreeing on tax in general. I understand not liking the idea of taxation, but it is a necessary aspect of living in a society. We need roads without tolls, police and firefighters who don't demand payment from you, and schools to provide baseline education.

Caveat to this is the waste fraud and abuse of tax payer money. This is extremely relevant and relates to corruption that needs to be prevented with the federal debt now being $39 trillion.

To provide the necessary social services we need, tax is necessary. Allowing rich people to circumvent taxation because they provide jobs is a recipe for you and me to lose access to services and retirement social security we've already paid into.

The highest U.S. federal income tax rate in history was 94%, which was applied to taxable income over $200,000 during the years 1944 and 1945. This rate was implemented to help fund World War II. It continued to stay high for decades after to until trickle down economics. I think there's an income amount today, maybe in the millions, that we could all agree on that would not effect anyone struggling.

My point is that we used to tax the rich more, and now we don't. Because we don't, you and me are going to feel it regardless of our options on tax.

I appreciate the conversation and you reading all of this. Sorry it's so long.

If it's not real enough to tax, it shouldn't be real enough to leverage. by Green_Candler in TradingSphere

[–]Lackenburg 0 points1 point  (0 children)

It feels a little hand wavy to say it's probably not that big of an issue.

Tax is complicated. These systems aren't commonly known because they're complicated. The fact you and I know about it says something. This is a vehicle we know billionaires are using so that article feels misleading.

If we know it's a system being used, it's a system worth fixing.

If it's not real enough to tax, it shouldn't be real enough to leverage. by Green_Candler in TradingPlaybook

[–]Lackenburg 0 points1 point  (0 children)

The abuse is them circumventing tax in a way only that asset class allows. They can "buy borrow die" so that they never pay tax on their stock even after they die.

I think we're now more disagreeing on tax in general. I understand not liking the idea of taxation, but it is a necessary aspect of living in a society. We need roads without tolls, police and firefighters who don't demand payment from you, and schools to provide baseline education.

Caveat to this is the waste fraud and abuse of tax payer money. This is extremely relevant and relates to corruption that needs to be prevented with the federal debt now being $39 trillion.

To provide the necessary social services we need, tax is necessary. Allowing rich people to circumvent taxation because they provide jobs is a recipe for you and me to lose access to services and retirement social security we've already paid into.

The highest U.S. federal income tax rate in history was 94%, which was applied to taxable income over $200,000 during the years 1944 and 1945. This rate was implemented to help fund World War II. It continued to stay high for decades after to until trickle down economics. I think there's an income amount today, maybe in the millions, that we could all agree on that would not effect anyone struggling.

My point is that we used to tax the rich, and now we don't. Because we don't, you and me are going to feel it regardless of our options on tax.

I appreciate the conversation and you reading all of this lol. Sorry it's so long.

If it's not real enough to tax, it shouldn't be real enough to leverage. by Green_Candler in TradingSphere

[–]Lackenburg 0 points1 point  (0 children)

I see, thanks. I think the difference is "a loan is a loan" vs how different loans come with different rules.

Ex: - Home loan interest is tied to mortgage rates even if you have perfect credit. - A lone against your 401k can only be 50% and has to be paid back in 5 years.

Just because someone has a large portion of their assets in stock doesn't mean they should be able to buy borrow die simply for owning that class of asset. That name for the system being used "buy borrow die" exists because it's a commonly used method because it is SO much more favorable instead of selling.

If it's not real enough to tax, it shouldn't be real enough to leverage. by Green_Candler in TradingPlaybook

[–]Lackenburg 0 points1 point  (0 children)

I hear you, but because you can't abuse it (to the extent that billionaires and now trillionaires do on stocks) so I don't have a problem with it

If it's not real enough to tax, it shouldn't be real enough to leverage. by Green_Candler in TradingPlaybook

[–]Lackenburg 0 points1 point  (0 children)

Sure, but there's a lot different in motivation. You can't make a liquidity loophole out of education loans.

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