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Twitter thread

Space Freely
Joined: December 13, 2014 at 07:28 PM UTC
Posts: 11019
Re: Twitter thread May 17, 2022 at 07:36 PM UTC #
Julian, wrote:
Just stayed at Lake Lure where Dirty Dancing (and Last of the Mohicans) was filmed a few weeks back. Really gorgeous place. My wife's family has a lakehouse right on it.


Are they doing remakes of both of those films?
jrpa
Joined: September 03, 2013 at 03:15 PM UTC
Posts: 29999
Re: Twitter thread May 17, 2022 at 11:47 PM UTC #
Space wrote:
Julian, wrote:
Just stayed at Lake Lure where Dirty Dancing (and Last of the Mohicans) was filmed a few weeks back. Really gorgeous place. My wife's family has a lakehouse right on it.


Are they doing remakes of both of those films?
As a pedantic person, I appreciate this sentence layout callout.
beetsnotbeats
Joined: April 26, 2002 at 05:01 AM UTC
Posts: 5756
Re: Twitter thread May 18, 2022 at 11:16 PM UTC #
Sidehatch
Joined: October 04, 2011 at 04:33 AM UTC
Posts: 25687
Re: Twitter thread May 24, 2022 at 12:59 PM UTC #
That is some clever retort!


TIL I learned about the Georgia Guidestones
https://en.wikipedia.org/wiki/Georgia_Guidestones

The structure is sometimes referred to as an "American Stonehenge"
their apparent advocacy of population control, eugenics, and internationalism have made them an object of controversy and conspiracy theories.

My take is this lady is against any thing that is written on stone that is not from the bible

Oh yeah we can keep Confederate soldier monuments up "to not forget history" but we can tear this down, because we don't agree with it


Do you take me for a sponge, my lord
jrpa
Joined: September 03, 2013 at 03:15 PM UTC
Posts: 29999
Re: Twitter thread May 24, 2022 at 01:11 PM UTC #
Sidespeare wrote:
TIL I learned about the Georgia Guidestones
https://en.wikipedia.org/wiki/Georgia_Guidestones
Fascinating read.
Sidehatch
Joined: October 04, 2011 at 04:33 AM UTC
Posts: 25687
Re: Twitter thread May 24, 2022 at 06:37 PM UTC #
I'm all for taxing the rich

But not sure how you can tax people on unrealized gains

value is only real when it's sold.
only a few months ago I could have a had 1 Million usd in value in Bitcoin
but now, only a few weeks later it's only worth $14.3435 in USD

Now if I sold the bitcoin when it was worth 1 million I would (and should) have paid taxes
but should this law say…well you had 1 Million in value on x date, you owe us taxes on that

I assume that then there would also be a 'credit' for unrealized losses too
couldn't I just say I lost 1 million in bitcoin to offset profits somewhere else



So part of his argument is in using it for Collateral to get other loans…and yes it is a little voodoo economics to do that

but say the lender cashed in on that collateral would he owe the taxes on that sale at the time
Sidehatch
Joined: October 04, 2011 at 04:33 AM UTC
Posts: 25687
Re: Twitter thread May 24, 2022 at 07:02 PM UTC #
someone hacked Tucker's twitter bio
https://twitter.com/TuckerCarlson

Sidehatch
Joined: October 04, 2011 at 04:33 AM UTC
Posts: 25687
Re: Twitter thread May 24, 2022 at 08:01 PM UTC #
vansmack wrote:
sweetcell wrote:
good trevor noah rant on the tax-free status of unrealized gains:

Trevor’s no finance expert, but the details of Elon Musk’s Twitter buy seem a little weird.


Should you pay taxes on a home equity loan?

I don't think so, honestly the tax deduction for interest on these loans is kinda bullshit (same for home loans…why would any loan interest  be deductible?)

Although it is income per se.  So I think you could tax it, but then you'd take that sum to reduce your capital appreciation when you sell
so wouldn't really net anything revenue wise and would make little incentive to take that kind of loan


I'd like to have some sort of wealth tax, I just don't think this is the way to do it

vansmack
Joined: October 04, 2001 at 05:01 AM UTC
Posts: 19725
Re: Twitter thread May 24, 2022 at 08:07 PM UTC #
Sidespeare wrote:
I don't think so,


Same principle as Musk's Twitter funding, and I agree.  He's not realizing the gain, he's borrowing against assets and taking a huge risk.  That's not a taxable event.

Sidespeare wrote:
honestly the tax deduction for interest on these loans is kinda bullshit (same for home loans…why would any loan interest  be deductible?)


And I also agree here, even more so for a home equity loan.  While the mortgage deduction was an incentive to get people to fulfill the American Dream and buy a home, deductions for Home Equity loans make no sense and are an incentive to get folks into more financial trouble.  The elimination of the SALT deductions cost me a fortune in taxes, but I think it's fair.

Sidespeare wrote:

Although it is income per se. 


An asset is not income.
Sidehatch
Joined: October 04, 2011 at 04:33 AM UTC
Posts: 25687
Re: Twitter thread May 24, 2022 at 08:09 PM UTC #
whoa…the smakie finance seal of approval.  Might need to take the rest of the day off (who am I kidding, was barely working to begin with)
Space Freely
Joined: December 13, 2014 at 07:28 PM UTC
Posts: 11019
Re: Twitter thread May 30, 2022 at 02:08 PM UTC #
sweetcell wrote:
kosmo wrote:
The perfect tweet

https://twitter.com/brooke_af/status/1528845607149903873?s=21&t=ZThYBAWl0auIcDQ7q1bopA





john oliver had something to say about this


I would watch that, but, my wife tells me I should have a problem with an obnoxious foreigner who comes to America and make millions off of Americans by telling them what is wrong with America. So I'm not going to watch it!
Starsky
Joined: Unknown
Posts: 0
Re: Twitter thread May 30, 2022 at 03:08 PM UTC #
That makes no sense…it’s often a foreigner that has the best perspective on a country

And needing foreigners to validate you as a society has always struck me as weak

A lot of the above is what I have experienced in my other country of Argentina more than in the US.

But it’s true John Oliver is just plain annoying so I wouldn’t watch it myself
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