EVs - New Hampshire gets it right

[BodeMiller1]

As far a taxes go I wouldn't really worry about them. The I.R.S. can't come close to keeping up. The only people who pay taxes these days are people who get W-2s and there are so many ways to hide. File under sad but true.

Pirates do not pay taxes by definition.

Musk's father does not like him. He really hasn't come up with much new. All of the tech he claims credit for existed before hand. He smokes enough weed to make up for his personality disorders, that is about the only market he will cause to rise going forward. He's a flash in the pan. Further, he creeps me out.

Also.... Meow

 

[Harvey]

fairly far-left

How far left or right someone is, is a subjective call.

Like for me, if you cash a social social security check, you're left of center.

 

[bigbob]

Trucks already pay fuel tax to each state they travel in and registration fees. Ever see an apportionated plate on a truck and a fuel tax sticker? Goggly IRP.The system has been up and running for years.

 

[1dog]

How far left or right someone is, is a subjective call.

Like for me, if you cash a social social security check, you're left of center.

That Ponzi scheme is actually our money, ( well hell, all of the feds cash is ours - debt too) but cashing it makes one left of center? That's a take I've never heard before.


'Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.'
Ronald Reagan

Long lines to charge in CA:

Check Out the Line of Cars Waiting to Charge Their EVs Just Before Midnight in Commiefornia

*** The Liberty Daily benefits when you shop using the following links and Code: TLD _ The Liberty Daily Recommends ONE Honest, America-First Precious Metals Company - Our Gold Guy! https://ourgoldguy

rumble.com

 

[Edd]

Sunday River post from today.

 

[BodeMiller1]

Sunday RIver has a good idea here. When the cat is going down the hill the Cat will be able to store the power wasted mechanical braking.

Meow

 

[BenedictGomez]

That Ponzi scheme is actually our money, ( well hell, all of the feds cash is ours - debt too) but cashing it makes one left of center? That's a take I've never heard before.

Yeah, I was like wut? Never heard taking your own rightfully worked for money back being a right or a left thing, but if I were forced to pick one I'd have guessed right.

 

[Harvey]

Any benefit you get from the government is "our money."

What is the most socialist program in America?

Social security is certainly a contender.

 

[1dog]

Any benefit you get from the government is "our money."

What is the most socialist program in America?

Social security is certainly a contender.

Close Harvey, but at least its the 15% or so 'saved' for us in retirement. It wasn't saved, it wasn't invested, it was spent. This is old tho- interest is larger than defense spending. As far as EV's go and other subsidies, it's a small chunk, and feds are known for their poor returns on our 'investments'. Much of it is closer and closer to the European model - hows that working out for them?

Having trouble finding a hybrid not marked up over MSRP. All are $2500-$5K over that. Refuse to pay that.

 

[Harvey]

Close Harvey, but at least its the 15% or so 'saved' for us in retirement. It wasn't saved, it wasn't invested, it was spent. This is old tho- interest is larger than defense spending. As far as EV's go and other subsidies, it's a small chunk, and feds are known for their poor returns on our 'investments'. Much of it is closer and closer to the European model - hows that working out for them?

Everything on that list looks like socialism to me.

FWIW I'm not pro or con anything. I'm certainly going to cash my checks.

 

[BenedictGomez]

What is the most socialist program in America?

Social security is certainly a contender.

Social Security is the most financially destructive program in America. Second place isn't in the rearview mirror.

The people who think Social Security's a wonderful safety net either possess zero financial acumen, terrible math skills, or are simply too lazy to look into the history & mechanics of the program. It will be tough to get rid of, because it's basically government theft of money we earned, so the next steps are to decrease the benefits, which partially defeats the entire purpose of the program, as well as increasing the age when you can receive benefits, which also partially decreases the entire purpose of the program. Tune in in about a decade, because that's what's coming. There's no alternative because any politician who says they'll actually make the changes required or slowly over time terminate the program, will immediately lose reelection, so a true solution aint happening. It's a pretty sad situation.

 

[BodeMiller1]

Social Security was supposed to be separate, but it's been comingled, raided and destroyed.

The interest on the debt is unmanageable,

Economics: How to satisfy unlimited wants with limited resources.

We are f+c&ed

 

[Harvey]

Social Security is the most financially destructive program in America. Second place isn't in the rearview mirror.

The people who think Social Security's a wonderful safety net either possess zero financial acumen, terrible math skills, or are simply too lazy to look into the history & mechanics of the program. It will be tough to get rid of, because it's basically government theft of money we earned, so the next steps are to decrease the benefits, which partially defeats the entire purpose of the program, as well as increasing the age when you can receive benefits, which also partially decreases the entire purpose of the program. Tune in in about a decade, because that's what's coming. There's no alternative because any politician who says they'll actually make the changes required or slowly over time terminate the program, will immediately lose reelection, so a true solution aint happening. It's a pretty sad situation.

Not sure how much acumen is involved. It's a tax you have to pay.

The only choices are:

When do you take it (asap if you think it is going to fold)
Do you change (lower) your savings rate because you are counting on it.

When I was 28 they had us take a test to figure out how much to save and they asked you to put in a number for SS. I put in zero. Does that mean I have financial acumen? I've saved as much as I can for 40 years, always assuming it would never be enough. I have been paid weekly all that time (one company for 40 years!) and never missed a week. I guess we'll see if I run out before I kick it.

 

[zyk]

Not sure how much acumen is involved. It's a tax you have to pay.

The only choices are:

When do you take it (asap if you think it is going to fold)
Do you change (lower) your savings rate because you are counting on it.

When I was 28 they had us take a test to figure out how much to save and they asked you to put in a number for SS. I put in zero. Does that mean I have financial acumen? I've saved as much as I can for 40 years, always assuming it would never be enough. I have been paid weekly all that time (one company for 40 years!) and never missed a week. I guess we'll see if I run out before I kick it.

Third option self employment. Yes you have to pay taxes but its different.

 

[Harvey]

I am self employed.

 

[1dog]

Social Security is the most financially destructive program in America. Second place isn't in the rearview mirror.

The people who think Social Security's a wonderful safety net either possess zero financial acumen, terrible math skills, or are simply too lazy to look into the history & mechanics of the program. It will be tough to get rid of, because it's basically government theft of money we earned, so the next steps are to decrease the benefits, which partially defeats the entire purpose of the program, as well as increasing the age when you can receive benefits, which also partially decreases the entire purpose of the program. Tune in in about a decade, because that's what's coming. There's no alternative because any politician who says they'll actually make the changes required or slowly over time terminate the program, will immediately lose reelection, so a true solution aint happening. It's a pretty sad situation.

disagree there BG - its bad, yes, but Medicaid and Medicare far worse off.

Only things on that lis that are mentioned in the Constitution ( remember that ol' thing?) is defense spending. I can see law enforcement and transportation - love the Eisenhower system, but its always in a free country to have spending closer to home - local most, state second, feds last. its reversed.

This explains pretty clearly, has Uncle Milt doing a fine job for the math-challenged, and speaks to BG's real concern on SS.

Dan Mitchell: “In my recent interview with John Stossel, I explained that America’s entitlement programs are unsustainable because of demographic change!” (plus Milton Friedman – The Social Security Myth)

– Milton Friedman – The Social Security Myth – Entitlement Collapse and Demographic Change In my recent interview with John Stossel, I explained that America’s entitl…

thedailyhatch.org

Just to stay on topic:

https://www.powerlineblog.com/ed-assets/2023/11/IMG_3559.jpg

 

[zyk]

I am self employed.

Great! Me too. Allows for much midweek skiing. However for me very little social security even if it remains solvent. Tucking what I can on my own.

 

[deadheadskier]

Social Security is the most financially destructive program in America. Second place isn't in the rearview mirror.

The people who think Social Security's a wonderful safety net either possess zero financial acumen, terrible math skills, or are simply too lazy to look into the history & mechanics of the program. It will be tough to get rid of, because it's basically government theft of money we earned, so the next steps are to decrease the benefits, which partially defeats the entire purpose of the program, as well as increasing the age when you can receive benefits, which also partially decreases the entire purpose of the program. Tune in in about a decade, because that's what's coming. There's no alternative because any politician who says they'll actually make the changes required or slowly over time terminate the program, will immediately lose reelection, so a true solution aint happening. It's a pretty sad situation.

I don't know anyone who thinks it's a "wonderful safety net." Politicians may say so, but that's for political expediency.

Those that rely on it (in many cases exclusively) think it doesn't pay out enough.

Those that don't, know they could probably invest their funds better.

The reality is Americans have an average savings rate of only 3-4% and many simply live paycheck to paycheck. I'm not sure what the answer is, but I highly doubt you see any meaningful increase to the savings rate if people started getting those funds in their paycheck.

For all its flaws, SS still largely exists to save Americans from themselves making horrible financial decisions.

 

[1dog]

I don't know anyone who thinks it's a "wonderful safety net." Politicians may say so, but that's for political expediency.

Those that rely on it (in many cases exclusively) think it doesn't pay out enough.

Those that don't, know they could probably invest their funds better.

The reality is Americans have an average savings rate of only 3-4% and many simply live paycheck to paycheck. I'm not sure what the answer is, but I highly doubt you see any meaningful increase to the savings rate if people started getting those funds in their paycheck.

For all its flaws, SS still largely exists to save Americans from themselves making horrible financial decisions.

Agree - its like the alcoholic - once on, very difficult to wean off. Isn't the name Supplemental Social Security?

They started with 1% and it was supposed to be ending when the pool got large enough, then it went to 3% - now 15% with matching employer contribution.

No one cares about your money like you will. If I give my kid an allowance for doing nuttin' he spends it differently than if he worked for it - human nature.

 

[Harvey]

The reality is Americans have an average savings rate of only 3-4% and many simply live paycheck to paycheck. I'm not sure what the answer is, but I highly doubt you see any meaningful increase to the savings rate if people started getting those funds in their paycheck.

For all its flaws, SS still largely exists to save Americans from themselves making horrible financial decisions.

This.

FWIW the questionaire I took about saving rate when I was 28% got me thinking and saving.