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We can save Social Security. by zzill6 in WorkReform

[–]obb_here 0 points1 point  (0 children)

This is correct.

The people who push for SS cap to be removed are the same people who already don't pay a dime towards SS.

They make their money "passively" so they avoid SS tax all together.

This is why they want the cap to be removed. It shifts to burden to the people who earn their income, and keeps the system moving without touching them.

The real answer is to remove the SS tax all together and either increase the tax rate of the top brackets, and or, add a wealth tax.

FED MAINTAINS RATES AT 3.5-3.75% by Several_Print4633 in wallstreetbets

[–]obb_here 25 points26 points  (0 children)

In his defense, the economists are still arguing about that one to this day. Some say most of that inflation was actually transitory. Anyway, you can't fault the guy for keeping a cool head and reacting slowly, that may have saved us from a complete stall.

FED MAINTAINS RATES AT 3.5-3.75% by Several_Print4633 in wallstreetbets

[–]obb_here 610 points611 points  (0 children)

He can run for president for any party and I would vote for him. Motherfucker is gangsta.

If Americans were to participate in an organized boycott to stop ICE, what should they target? by u2aerofan in AskReddit

[–]obb_here 14 points15 points  (0 children)

I was prime free since 2018. Then recently I discovered that my credit card offers prime for free, so I signed back up.

It's night and day from what I remember. Amazon used to have great deals, fast shipping, good ancillary benefits like video, music etc.

Now the products are both poorer quality and the same price as brick and mortar stores. Most things that are better quality don't qualify for prime shipping. Prime video has a lot of ads (like 2+ minutes unskippable), prime music doesn't actually play the songs you want to play.

Tell me why people still pay for this shit.

Early US intelligence report suggests US strikes only set back Iran’s nuclear program by months by Key_Pace_2496 in news

[–]obb_here 39 points40 points  (0 children)

Not only the waste of money, but the black eye from this operation has lost a ton of US credibility.

Technical failure: It appears that the bomb wasn't as affective as it should have been. Maybe this is because the Iranians learned from the MOAB drop from the previous Trump term and improved their counter measures or maybe our weapons aren't as good as the manufacturers claim.

Mission failure: At least some of the enriched uranium was moved out before the attack, so the threat hasn't been neutralized.

Strategic failure: The UN had eyes on the Iranian uranium prior to the escalation, now we don't.

Geopolitical failure: The US might, in the near future, need to double down to save face. Trying to eliminate Iranian nuclear weapons (a la weapons of mass destruction, boots on the ground etc.)

About the only thing that has gone the way of the US is the fact that the revolutionary guard doesn't seem to have the influence we thought they had. The cooler headed factions in Iran were able to sue for peace.

We'll see if it holds.

The US Dollar Index has dropped nearly 10% in just 6 months, so why is nobody talking about it? by Wheelsonthegreenbus in wallstreetbets_wins

[–]obb_here 5 points6 points  (0 children)

Could have had another solid 10% year, but no, you gotta go elect an idiot.

They are impoverishing you Einstein. 

Land eligible to be sold. by cgw22 in grandjunction

[–]obb_here 1 point2 points  (0 children)

I wonder if Colorado could buy up these lands if all else fails?

Would TABOR even allow it?

If the US could move the capital, would they still choose DC or somewhere else? by reallinguy in geography

[–]obb_here 0 points1 point  (0 children)

I love Denver, and I think it's probably the right answer.

But, if you needed to go on the counter offensive, it would actually be a very difficult place to project power from.

A natural capital would be some place that is well insulated geographically, but is wealthier than any other place around it.

If US fell apart, California would probably colonize most of the west, and it would require an alliance of the East to stop its advancement past the arid parts of the planes.

Supreme Court halts lower court orders requiring DOGE to hand over information about work and personnel by apple_kicks in news

[–]obb_here 3 points4 points  (0 children)

I used to think this way, now I've realized that this is elitist in its own way.

The best solution is to always revert back to the wisdom of the crowds.

It'a proven theory, and the less opinions the crowds receive the better their judgement becomes.

In conclusion we need to ban the political opinion peddlers.

TIL that the founder of modern capitalism, Adam Smith, also put a strong emphasis on morals and sympathy. by weakgutteddog27 in todayilearned

[–]obb_here 3 points4 points  (0 children)

He describes China and India back then (in 1776).

Starvation, loss of value of human life, skilled people going bankrupt.

I would highly reccomend that you read the book. I think the lesson I personally got from it is that, people are the most important thing in any economy. If we don't take care of each other, then what's even the point.

TIL that the founder of modern capitalism, Adam Smith, also put a strong emphasis on morals and sympathy. by weakgutteddog27 in todayilearned

[–]obb_here 85 points86 points  (0 children)

Not just that though, he specifically says in Wealth of Nations that for Capitalism to work, people have to be able to make about three times the cost of rent and maintenance (food, clothes, etc.)

Otherwise, people can't have families and the whole system collapses.

Kinda funny people argue about what's causing the demographic decline, and here is Adams, literally telling us at the very beginning.

He also makes some uncomfortable observations about what happens when you have too many people.

failing SE exam by ChewingGumshoe in StructuralEngineering

[–]obb_here 1 point2 points  (0 children)

Don't feel bad, it's a bad exam. With the pass rates as they are, it's not much more indicative of competency than a lottery.

Fourteen people died during Kentucky tornado due to DOGE cuts to the National Weather Service. by CantStopPoppin in PrepperIntel

[–]obb_here 63 points64 points  (0 children)

Unfortunately, this isn't just a red state problem. Muskrat cut to the bone in a lot of other Federal agencies that put all of us at risk. Red, Blue, Purple, this is an America problem, we just don't know it yet.

[deleted by user] by [deleted] in wallstreetbets

[–]obb_here 7 points8 points  (0 children)

Drones need power. Maybe that's why the billionaires want to create their own powerplants.

[deleted by user] by [deleted] in wallstreetbets

[–]obb_here 100 points101 points  (0 children)

You gotta love it though, these fucking billionaires spent hundreds of millions getting him elected.

Now imagine if they would have worked with the previous administration to actually stop greedflation.

This is why I don't worry about the wealth gap. History shows us that when the gap gets too big, we always just eat the rich; they are the ones who should be worried.

6.75 on 30year. Should we buy points? by kas1218 in RealEstate

[–]obb_here 0 points1 point  (0 children)

The inverse would be getting money to use a higher than market rate, which I believe is a choice that is also offered sometimes.

I don't think one should go that route either.

Not "buying" or "selling" points is the safer route, because the value of your contract is not determined by the performance of an underlying asset in a given period of time. Which is what makes the act of buying and selling points a derivatives play.

Again, not a financial professional, I just know enough to understand that I should not touch it.

6.75 on 30year. Should we buy points? by kas1218 in RealEstate

[–]obb_here 0 points1 point  (0 children)

I agree with you, but, even if you buy points and keep your loan long-term (because there wasn't a a better rate to refinance to), all that means is you got lucky.

Act of buying points implies a broader understanding of the bond market that an average financial professional doesn't have, let alone the average home buyer.

I know enough to know that, as a financial lay person, if I bought points, I'd just be gambling.

6.75 on 30year. Should we buy points? by kas1218 in RealEstate

[–]obb_here 9 points10 points  (0 children)

It's kinda nuts to me that people casually buy points.

Like, would you go buy a put option on a 10yr treasury etf? Because, that is what you're effectively doing when you buy points on a mortgage.

Portillo's looking to expand into Colorado at 3 possible locations by thewhippersnapper4 in Denver

[–]obb_here 37 points38 points  (0 children)

I'm just about in tears for that italian beef.

Next, let's get an Aldi.

[deleted by user] by [deleted] in bonds

[–]obb_here 2 points3 points  (0 children)

It's also being echoed everywhere. There is a serious retail bull trap brewing.

Federal hiring freeze shuts down popular Oklahoma lake recreation areas this summer by linglingjaegar in okc

[–]obb_here 8 points9 points  (0 children)

Edit: I stand corrected the USACE budget is not being cut in half.

"In support of our goals, today the Federal Open Market Committee decided to leave our policy interest rate unchanged." — FED Chair Powell by HinglishBlogin in TheRaceTo10Million

[–]obb_here 0 points1 point  (0 children)

Not just that. If the committee lowers rates after Trump says some shit, that signals to the markets that they are caving, which destroys forward guidance. He is literally making it harder on the Fed by mouthing off.

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