patrick.net

I'm getting $0.0000000

How do they decide how much you'll get?

And is it just an advance against your tax refund?

It’s based on how much income was reported on a 2018 or 2019 tax return. Above certain amounts the $ amount that you may get is reduced by $5 for every $100 increase in income until you get $0.

Same bs, other day. The upper middle class which supports the spending via taxes most will get $0. Leftoid shite never works.

The peasants might now get $2000 each. The rich and well connected get much more via PPP forgivable loans and let's not forget the Fed injecting trillions to those well deserving millionaires and billionaires.

Why stop at $2000 each, Bernie says he can do $200000 each.

Misc says

The peasants might now get $2000 each. The rich and well connected get much more via PPP forgivable loans and let's not forget the Fed injecting trillions to those well deserving millionaires and billionaires.

Why stop at $2000 each, Bernie says he can do $200000 each.

At this point, I would not mind seeing the $2,000 payments paid for with a windfall profits tax on Amazon and others that made bank because of the lockdowns.

HeadSet says

At this point, I would not mind seeing the $2,000 payments paid for with a windfall profits tax on Amazon and others that made bank because of the lockdowns.

stupid lockdowns will make me into commie. I am now all for wealth tax so that people who benefit from lockdowns would be somehow screwed.

I won’t get anything, but I don’t need it. This pandemic year has treated me to my best ever earnings and the wife has also earned more than ever.
I know a lot of people are hurting and could really use the money. But I don’t want it attached to a bill that eliminates our rights and gives the government the right to fine or imprison me for sharing the wrong fucking meme.

Rb6d says

HeadSet says

At this point, I would not mind seeing the $2,000 payments paid for with a windfall profits tax on Amazon and others that made bank because of the lockdowns.

stupid lockdowns will make me into commie. I am now all for wealth tax so that people who benefit from lockdowns would be somehow screwed.

That may be closer than you think. Many transportation companies that service non-emergency transportations for hospitals, taxis and other semi scheduled or on-demand markets have given up on the free enterprise aspect of business serving the public, due to excess rules and fees. They now seek government contracts and subsidies. It is painful to watch.

As to my original point, Amazon did not outcompete everyone on a free and open market - Amazon got a serious advantage from government rules destroying their competition. To call "commie" when one suggests Amazon needs to pay for that advantage is incorrect (no one suggested the gov own Amazon, just tax it. So maybe call me "Fascist.") And a "windfall profits tax" is not a "wealth tax," I do not want to tax Amazon because they have wealth to tax, I want to tax the income they received merely because the gov chose to let them stay open while the gov closed Amazon competitors. Same with Walmart, Target, Lowes, and Home Depot. The true free enterprise solution would be to open everyone back up.

HeadSet says

The true free enterprise solution would be to open everyone back up

Yup. The same applies to a virus we cannot control. Never could and mask mandates and case stats show exactly that. Along with the many other viruses we cannot control that caused harm every year before 2020. But this one is different. If you're under 70, you're far more likely to die driving to the grocery store to get TP.

My eyes are bleeding from reading this over and over, but this is so Orwellian. Some billionaire that's not an idiot should ship that book to every person's house in America. Either people don't remember it or haven't read it. I think even the Karen's of the world would start opening their eyes. At this point I'm starting to believe we're fucked. Hoping for the best though.

HeadSet says

That may be closer than you think. Many transportation companies that service non-emergency transportations for hospitals, taxis and other semi scheduled or on-demand markets have given up on the free enterprise aspect of business serving the public, due to excess rules and fees. They now seek government contracts and subsidies. It is painful to watch.

As to my original point, Amazon did not outcompete everyone on a free and open market - Amazon got a serious advantage from government rules destroying their competition. To call "commie" when one suggests Amazon needs to pay for that advantage is incorrect (no one suggested the gov own Amazon, just tax it. So maybe call me "Fascist.") And a "windfall profits tax" is not a "wealth tax," I do not want to tax Amazon because they have wealth to tax, I want to tax the income they received merely because the gov chose to let them stay open while the gov closed Amazon competitors. Same with Walmart, Target, Lowes, and Home Depot...

I completely agree.

I was vehemently against any new taxes until lockdowns, but now I am all for @Patrick idea of wealth taxes above $1Bn wealth. + tax online shopping company revenue if we have lockdowns. And while we are at it, restrict max salaries of any State/Federal/Nonprofit employees to salary of US President. And if US is at war, tax all income above 1M/year for both companies and individuals at 90% which would end all wars.

May be not "commie" but "socialist" for sure.

Also agreed that all public officials and supposed "non-profit" orgs should have salaries limited by law to that of the US president.

And I've revised my billionaire tax plan: 0% up to $1 billion, then 100% over $1 billion. There. Simple and never to be shifted, and gives the billionaires a motive to keep the value of the currency constant or rising.

Of course we have no power to implement any of these. We are owned and controlled by exactly those people we are trying to limit. They dictate our laws, not us.

So the first step in everything has to be establishing a real democracy of (publicly verifiable) votes, and not simply control via money or position. Maybe it's not even possible.

It's really the principle of the American revolution: that we would have a Republic (from res publica, "public thing") rather than an aristocracy. But now we do have an aristocracy. We may need another American Revolution against our current aristocracy since voting seems to have been corrupted.

I missed if anyone has mentioned it, what happened to the last $5T, I heard all that 144m tax payer received $1200 each. i.e. 100*144*10**6*1200/(5*10**12)= 3.5%. double it for other family members, that would make it up to 7%. Who received the remaining 93%.

Shaman says

This pandemic year has treated me to my best ever earnings

This was my worst year ever, then it turned around and became my best year ever, mostly due to an unreasonable rise in SHOP.

I should sell, but the excitement of its daily swings is at least some entertainment.

Started a new job 2 months ago where they gave me 80K in stock options which vest over 4 years. In two months the stock has already doubled.