The Eagle has landed [Stimulus]

January 02, 2021, 09:45 AM

quote:
Originally posted by marksman41:
quote:
Originally posted by Joe123:
I didn't receive any funds last time, or this time. And I am fine with that.
I don't understand why people are more than happy to receive funds from there overloads. You can fail to cash the check. Or not give the government your banking info.
I have always been against welfare, that's all this is. A free handout.

Who spends money more wisely, you or the government? You could take the money and donate it to a worthy cause/charity or invest it, or any number of things that will be of far more benefit than that money going to pay for flyers for Pelosi, lunch for Schumer, etc.

You call it a handout, the IRS calls it an early rebate (watch for it on your 2020 tax return forms). Whatever the case, it's money that is there for you to use as wisely as you can. It's all national debt to begin with, but you can use it to strengthen your family's or some charity's finances and have something positive come out of this negative.

True, but the problem is, the gov't will take $2K away from people, spend $1K on themselves, then give back $1K to the people. We would be better off if they would not take the $2K in the first place.

January 02, 2021, 10:08 AM

marksman41

Scout - I do not disagree. My point is that the money is being offered no matter what - it is foolish to refuse to use it for your purposes.

Leaving it with the government will have what positive effect? Additional gender studies in some country that treats women as 3rd-class citizens or funding the military of another country that buys their weapons from our enemies?

January 02, 2021, 11:12 AM

Scoutmaster

quote:
Originally posted by marksman41:
Scout - I do not disagree. My point is that the money is being offered no matter what - it is foolish to refuse to use it for your purposes.

Leaving it with the government will have what positive effect? Additional gender studies in some country that treats women as 3rd-class citizens or funding the military of another country that buys their weapons from our enemies?

Seriously marksman, are you saying I can use my own money better than Pelosi can use my money (and your money)? [/sarcasm off]

I get your point, you make sense.

January 02, 2021, 11:30 AM

signewt

quote:
Leaving it with the government will have what positive effect?

.gov taxed my wages earning it in the first place;
.gov taxed my savings in the second place;
.gov taxed my SSDI contributions in the third place;

Now that I'm old enough, .gov is taxing my very benefits they confiscated under threats of duress in the fourth place.

January 03, 2021, 07:25 AM

henryaz

This thread has certainly stimulated a lot of conversation.

January 03, 2021, 07:55 AM

Woodman

quote:
Originally posted by henryaz:

This thread has certainly stimulated a lot of conversation.

The 2020 recovery rebate credit, Form 1040 Line 30 should be stimulating as well. We are to help ourselves to the gov't's borrowing capabilities?

You know the old saying. If I owe you 200 francs, it is my problem. If I owe you 15,000,000 francs, it is your problem.

January 03, 2021, 08:13 AM

roberth

quote:
Originally posted by Balzé Halzé:
I guess I don't share the same opinion as others that getting a government handout is a good way to start the new year.

I'm with you, creating money out of thin air and adding more debt to a debt load that will NEVER be repaid.

January 03, 2021, 08:22 AM

lastmanstanding

Ours is pending to our account. $1200. Just in time to apply it to our quarterly taxes. Our property tax on our lake place went up 42.5% this year. Our primary residence went up 13.7% somebody has to pay for all those burnt out buildings down in Mpls. The government giveth the government taketh away.

I'm willing to accept anyone's stimulus as a instant karma if you don't need or want it. I've got taxes to pay!

January 03, 2021, 08:29 AM

SIG228

quote:
Originally posted by lastmanstanding:
Our property tax on our lake place went up 42.5% this year. Our primary residence went up 13.7% somebody has to pay for all those burnt out buildings down in Mpls.

That's insane! Anyway to appeal?

January 03, 2021, 08:38 AM

tleo205

quote:
Now that I'm old enough, .gov is taxing my very benefits they confiscated under threats of duress in the fourth place.

That has always pissed me off. They are returning money they confiscated and is ours to begin with, then taxing it again when they have to give it back.

January 03, 2021, 08:53 AM

braillediver

I can't help thinking the debt we're generating with no intention of ever paying back is actually filling the retirement accounts of all the little people.

At a time when we need to be tougher with China are we actually putting ourselves in a position to be more dependent and vulnerable to them hoping they'll buy and hold our debt?

January 03, 2021, 09:24 AM

lastmanstanding

quote:
Originally posted by SIG228:
quote:
Originally posted by lastmanstanding:
Our property tax on our lake place went up 42.5% this year. Our primary residence went up 13.7% somebody has to pay for all those burnt out buildings down in Mpls.

That's insane! Anyway to appeal?

In the process now. Appealing to the Department of Revenue via online paperwork. If I don't get satisfaction I can go to tax court. My common sense warns me to not put myself on the radar of the tax court system. Could just bring further retribution. You know, fighting city hall and all that.

January 03, 2021, 09:28 AM

Skins2881

quote:
Originally posted by tleo205:
quote:
Now that I'm old enough, .gov is taxing my very benefits they confiscated under threats of duress in the fourth place.

That has always pissed me off. They are returning money they confiscated and is ours to begin with, then taxing it again when they have to give it back.

Get it straight, they are not returning your money to you. They already spent your money. After spending your money, they have gone out and borrowed more money to cover the shortfall from tax revenue and spending.

The money they are giving you is borrowed money. They are borrowing against your retirement and your children's future incomes. 100% of this spending is applied to the national debt.

January 03, 2021, 09:47 AM

lastmanstanding

Our governments greed has exceeded our ability to pay in as tax payers so they started selling off our resources and influence peddling to foreign governments. Now they are more reliant on foreign government than they are the U.S. taxpayer.
Which is why they can brazenly steal elections. They don't need us or our votes. The scales have tipped. Does it make sense to anyone that these states would be cutting off their source of revenue for this long of a period of time via these economic lock downs?

Of course not. It illustrates that they are no longer entirely dependent on small business tax payers. Don't need the revenue don't need the votes. Only a matter of time before the foreign governments no longer need the influence peddlers.

January 03, 2021, 10:14 AM

Hay2bale

quote:
Originally posted by Skins2881:
^^^

$2,700 of debt for every man, woman, and child alive in the US, including new born babies.

Brother, you are a hopeless optimist.

The US National Debt per citizen is now about $86,000; the debt per taxpayer is about $220,000. Since my wife and I are both taxpayers, our "share" is about $440,000.

This is all interest bearing debt.

That's not including your share of bailing out the New York and California state pension plans.

https://usdebtclock.org/

January 03, 2021, 10:49 AM

Lt CHEG

quote:
Originally posted by Hay2bale:

That's not including your share of bailing out the New York and California state pension plans.

I can’t comment on CA’s pension system but NY has a fully solvent pension system. It is actually one of the best in the country. Probably the only reason that this is the case is because the state constitution prevents the politicians from sticking their greasy fingers into the pension fund. NY is undoubtedly a communist state, heading for serious trouble and I look forward to escaping after I retire, but NY’s pension system is honestly not one of our problem issues. Strangely enough there are some things that NY has done right.

“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.”

January 03, 2021, 11:14 AM

Scoutmaster

quote:
Originally posted by Lt CHEG:. . . I can’t comment on CA’s pension system but NY has a fully solvent pension system. . .

CA's "unfunded liability" pension hole for public employees is $$Hundreds of Billions (using present values/actuarial numbers, and depending on the assumed rate of return).

January 03, 2021, 07:18 PM

HuskySig

I’m sure you all will spend my money better and more wisely than I could. Enjoy!

January 03, 2021, 07:33 PM

Scoutmaster

quote:
Originally posted by HuskySig:
I’m sure you all will spend my money better and more wisely than I could. Enjoy!

Thank you for being so understanding/supportive of social justice and equality. Socialists will be much happier now.

January 04, 2021, 09:53 AM

2PAK

Wife and I received $100.25 overnight. I was unemployed 8 months last year so later this year the true up will come on my tax return.

Having said that, the $100 in hand now could buy 18 McRibb's or ~2 shares of Coca Cola stock. Humm, decisions, decisions, decisions...