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Everything posted by Mark Davis
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Minneapolis council proposes to boost tourism by… imposing new tax on tourism
Mark Davis replied to easilyscan's topic in The Geek Club
I've been there once for a Final Four. It was ok, other than being a little chilly and rainy in March. I had more problems with the game officials than I did the city or state. -
Dallas Mavericks Trade Doncic for Lakers Anthony Davis
Mark Davis replied to Strike's topic in The Geek Club
BTW I think we just found out Cooper Flagg is the player to be named later in the AD/Luka trade. My only mistake was not seeing that coming. -
Dallas Mavericks Trade Doncic for Lakers Anthony Davis
Mark Davis replied to Strike's topic in The Geek Club
The year they quit drawing the envelopes on live tv any credibility they had went out the window. You can argue the frozen envelope theory on Ewing to the Knicks. But there’s no excuse not to run those ping pong ball lottery machines in front of a live camera unless you don’t want people to see for some reason. -
Trump Corruption Thread - Qatar ‘gifts’ Trump a luxury jet
Mark Davis replied to squistion's topic in The Geek Club
And thanks. I'm just glad now everyone is all for using the tax code to the best of their ability. Maybe now we won't have to hear anymore about the Trump tax returns. -
Yes, I recall that as well. I think the story has been softened over the years. I don't know what really happened, but certainly at the time the story was out there that his family was under threat. Whether that was true or the damage from just politics was his concern I don't know. It was an odd situation at the time, which I think sunk any chance he had to win even though he did re-enter the race.
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I always liked Perot in theory. He lacked the toughness IMO to do what needed to be done as evidenced by him initially dropping out of the race. Although at the time it would have been nice to have someone with business savvy in the office. From what I recall, he was worried about the mudslinging of politics and what it might do to his family and dropped out before getting back in. He never recovered in the polls from that. . Trump is the bulldozer that only knows straight ahead. Perot didn't have that same personality type. I still remember election night and there was doubt for awhile that Perot might actually win ME-02 and gain that one electoral vote. He ended up second statewide there and the only counties he won were in that state.
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🚨 Maggie Gyllenhaal’s Antisemetic daughter Ramona Sarsgaard arrested during Columbia protests
Mark Davis replied to Maximum Overkill's topic in The Geek Club
We have a large group of people in our country who for political ideology or wanting to believe the best in people don't want to accept the vast majority of that population wants to bring down the West, not join it. -
Anyone following the ICE facility intrusion by Dems?
Mark Davis replied to Engorgeous George's topic in The Geek Club
Amazing how that works isn't it? The thing is, the one person in the administration I wouldn't be messing around with is Tom Homan. The man isn't playing. -
As a rule I'm all for lower taxes for everyone where we can afford it. But when we discuss things to change in our tax code the politicians never get it right, and my guess is deliberately so. But if you want to have a progressive rate system, it's always been funny to me we do it on incremental rates and not cap gains.
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I know this is a pet peeve of mine as an old CPA but it always irks me how the wealthy and taxes becomes a political football. It's never discussed on the level. It's always discussed in the context of raising incremental rates. When you do that, just off the top of my head without stats to back me up, you are going to hit specialist doctors, maybe some people with partnership income from small business flowing through. What you aren't going to hit are the people with large fortunes who are amassing more wealth through capital gains. I'm not villainizing people for however they earn their money, but you can tell who really owns the politicians when it's never or rarely even brought up. The incremental rates at that level are almost a red herring.
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Most of them aren't sitting with it flowing through earned income as it is. If there's a way to avoid it, they are already avoiding it hitting in that manner.
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Not surprising. The vast majority of earners in that stratosphere do not make their income through earned income and W2 wages. Changing the incremental rate will have very little impact on the super high earners. Long term capital gains rates are where most of their annual income flows through their returns.
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Reopening Alcatraz as a Federal Prison
Mark Davis replied to Engorgeous George's topic in The Geek Club
We could turn it into the US version of CECOT. I'm pretty sure that was it's Civil War equivalent for conditions. -
N-word at the Playground Recorded by a Pedo
Mark Davis replied to avoiding injuries's topic in The Geek Club
I get my stories mixed up. How far is this woman away from buying herself a mansion on the proceeds? -
Will Trump Supporters tolerate the Dow closing below 38,000?
Mark Davis replied to Engorgeous George's topic in The Geek Club
Over time, periods like this are to everyone's advantage who stays the course and averages in their investments or 401K contributions along the way. -
Will Trump Supporters tolerate the Dow closing below 38,000?
Mark Davis replied to Engorgeous George's topic in The Geek Club
How's everyone doing in here? Hope we didn't lose anyone off the ledge before it retraced a good bit of the losses. Another example of why you should never sell into the fear. -
Trump's health agency urges therapy for transgender youth, not broader gender-affirming health care
Mark Davis replied to kilroy69's topic in The Geek Club
I agree with this take. The mentally ill have higher suicide rates, it shouldn't be a surprise. -
Totally possible. I'm just trying to think of their best chance. If you could sacrifice 20 to blind him it might be worth it. They'll always be near, but it will be much easier to get clean runs at him. The only path is to immobilize/disable him. That would involve limbs, but to get clean runs where he misses most of them he would have to be blinded.
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Not a great plan but if they had time to plot strategy, perhaps split in half and try to each take a side to try and immobilize his arms. A few would perish in the effort. But if they can effectively "smother" and restrain movement enough have a few go in for the eyes to try and rip them out to blind him. That's their best path because if they can blind him they can just then attack in force without him being able to efficiently defend himself to the level he would start at.
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Dallas Mavericks Trade Doncic for Lakers Anthony Davis
Mark Davis replied to Strike's topic in The Geek Club
Father Time catches us all. I was hoping to make bank on my Lakers tickets with a deep playoff run. But you could tell from game 1 this was a bad matchup for them. LeBron’s age is showing. Not a slap to him, he’s held it off a long time. -
This is where the two sides get parted. You’re right in that most has been spent with US companies for armaments for the US. However that’s still a significant cost. Yes we gave them the old weapons and upgraded ours with newer models so to speak. But it’s at a cost, and in most cases likely could have been at the least deferred or we would have done it earlier. So the true economic incremental cost lies somewhere in between the two stories we are told.
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I don’t know the specifics or details and it sounds like you do. However, someone is going to need to provide the technology they need. I’d rather this be us than China. But what little I do know suggests as you said this is a long term payoff, not short term. Hopefully future administrations hold the course on this deal and make it beneficial for both parties.
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The Clintons
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My favorite is walking around on a football Saturday in Tuscaloosa and seeing girls, clearly from out of state, that look like they just got pulled off the cast of Jersey Shore crooning to Sweet Home Alabama with their houndstooth hats on. It's pretty funny times.
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Trump admin will seize wages, pensions, tax refunds to repay student loans: 'Debt cannot be wiped away'
Mark Davis replied to Maximum Overkill's topic in The Geek Club
I understand why the realtors would be for it, I understand why both you and I as property owners of rentals would be for it. And let me be clear that this would benefit me personally in that regard. So if this forgiveness did happen even if I don't like it, I guess I'll take the benefit. But there's zero doubt it would inflationary to prices. I do want to ask though, aren't you concerned that would artificially prop up and inflate the housing market along the lines of some of the low qualification standards ushered in by Clinton and later on we would suffer the washout from it? It also strikes me if I were a welder, an electrician, a barber, or just someone who had some parental help as I worked my way through school that I'd probably be bitter not only at the loan forgiveness, but also that for me to now buy a property I'm going to have to pay more because the market is going to be inflated by this forgiveness. The price those people pay is beyond a fairness or sense of justice. The market by it's nature will force them to pay more for housing as well as a result. I think some of this is why you've seen some realignment politically towards Trump from black and Hispanic men. There's no doubt we still have a racial divide, but to some, we have an even larger class divide.
