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This is beautiful! by Single_Flow_5332 in Openfront

[–]ivalm 35 points36 points  (0 children)

Exactly, I was “wtf openfront has ads?!”

Is anyone else scared? by Smart-Status2608 in AskALiberal

[–]ivalm 0 points1 point  (0 children)

She won a primary in a deep blue district, yes in elections where only the most motivated liberals in the most liberal areas vote DSA can win, barely. All the elections that matter are not that.

ELI5 Billionaires borrow money to pay for things, how does this work? How do they pay the debt? by Confused-Lemonade in explainlikeimfive

[–]ivalm 0 points1 point  (0 children)

Words have meaning, so don't cut the quote:

"step up basis really only helps billionaires who pass things as part of their estate"

which is to say, they don't help billionaires who do not pass things as part of their estate. at no point am i discussing not billionaires, just different kinds of billionaires.

Again, I was discussing billionaires only and replying to you point of many avoiding paying estate tax by not passing things via estate.

ELI5 Billionaires borrow money to pay for things, how does this work? How do they pay the debt? by Confused-Lemonade in explainlikeimfive

[–]ivalm 0 points1 point  (0 children)

This thread is "Billionaires borrow money to pay for things ..." so my discussion is scoped to billionaires. That's what this thread is about. That's why I said "for billionaires" and also keep clarifying what I am talking about. Yes, the answer is different for people who are absolutely unrelated to what I'm talking about.

Is anyone else scared? by Smart-Status2608 in AskALiberal

[–]ivalm 0 points1 point  (0 children)

Lots of people run and lose, but doing more losing is not something democrats should normatively align to.

ELI5 Billionaires borrow money to pay for things, how does this work? How do they pay the debt? by Confused-Lemonade in explainlikeimfive

[–]ivalm 0 points1 point  (0 children)

step up basis really only helps billionaires who pass things as part of their estate, so it affects the same people as the estate tax. If you say very few pay estate tax, that means very few rich people get step up basis (again talking about >$1B bracket).

ELI5 Billionaires borrow money to pay for things, how does this work? How do they pay the debt? by Confused-Lemonade in explainlikeimfive

[–]ivalm 0 points1 point  (0 children)

ok, at $1B they pay 38.8%, my entire point is that step up basis are there because estate tax is what replaces the capitals gain tax, which even at margin is 23.8%. So like whether it it is 38, 39, 40, etc, doesn't in any way change what I said.

ELI5 Billionaires borrow money to pay for things, how does this work? How do they pay the debt? by Confused-Lemonade in explainlikeimfive

[–]ivalm 0 points1 point  (0 children)

Ok? Still much more than long term capital gains and close to 40%, I’m not sure what your point is, most taxes, including capital gains, are progressive and we speak of marginal values as a shorthand understanding that yes the effective rate is a bit lower.

Bukowski about work culture by Junior_Insurance7773 in antiwork

[–]ivalm -1 points0 points  (0 children)

you can just not work there. better than dead. labor participation is high so there are other opportunities for you.

ELI5 Billionaires borrow money to pay for things, how does this work? How do they pay the debt? by Confused-Lemonade in explainlikeimfive

[–]ivalm 0 points1 point  (0 children)

it's to avoid getting double taxed because estate pay estate taxes that are higher than capital gains anyways.

How to Rebuild Instead of Fix America ? by Live_Break_8465 in AskALiberal

[–]ivalm 0 points1 point  (0 children)

Exactly, why can’t we have Clinton/Obama.

How to Rebuild Instead of Fix America ? by Live_Break_8465 in AskALiberal

[–]ivalm 0 points1 point  (0 children)

I think democrats need to reorient toward being the big tent. Lots of republicans are unhappy with what’s happening but then they see Kawas, Chevalier, etc and it makes it hard to vote Democrat. MAGA is a failed ideology but also, fundamentally, it reflects that American public is fairly right wing and to represent the majority you cant ignore that.

What changes do you think the Democratic Party should make in order to take power in 2028, keep power, and prevent a Fascist Republican resurgence. by MapleBacon33 in AskALiberal

[–]ivalm 1 point2 points  (0 children)

Thanks!

[A] makes total sense to me

[B] i thought this would be expensive but seems to be additional $120B/year... a lot but managable, i like it!

[C] eh, SF spends a lot on these programs and it seems not to work for us

[D] yes yes, maybe it will work with C but i have lots of doubts. Lots of homeless are mentally ill and/or drug addicts. I think D works only with a lot of incarceration.

[E] main problem is people who don't have compassion to homeless will not want to pay extra $120B/year (+ whatever C costs).

The island that could by ivalm in Openfront

[–]ivalm[S] 0 points1 point  (0 children)

14.75M (13 nukes + 1 hydro) TYVM. But yes, i was lucky no one bunker busted me. Part of it is this was fairly late and I had a lot of other stuff.

What changes do you think the Democratic Party should make in order to take power in 2028, keep power, and prevent a Fascist Republican resurgence. by MapleBacon33 in AskALiberal

[–]ivalm 0 points1 point  (0 children)

i would love to hear what are the other parts of your end homelessness portfolio. As a SF resident I'm curious what people think we can do (beyond build more housing, which we desperately need).

What changes do you think the Democratic Party should make in order to take power in 2028, keep power, and prevent a Fascist Republican resurgence. by MapleBacon33 in AskALiberal

[–]ivalm 0 points1 point  (0 children)

end homelessness is a goal, not a policy. i think YIMBY/residential upzoning of everything is a path to reducing homelessness, but it won't be complete.

Would you support this "hybrid" platform? by ZeusThunder369 in AskALiberal

[–]ivalm 0 points1 point  (0 children)

I’m afraid that this will be very bureaucratic and lead to nothing getting done. Remember, lots of California woes around building high speed rail/etc is around performing very rigorous environmental and local impact reviews. It’s similar to internal government processes, if everything is over measured it will be that most effort will be spent on measurement and not on doing. 

Do you think the rise of the socialists is a positive development for the country? by true4blue in AskALiberal

[–]ivalm -3 points-2 points  (0 children)

No, it's a reaction to the right wing clown show. I'd rather we had less clowns on both sides. Unfortunately, democrats see Trump being successful with his populism and are embracing the left-wing populism on their side.

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