Phony? no its real $ but I get it
So Take it all out and buy Bitcoin? Real Estate? Gold?, Oil?
So Take it all out and buy Bitcoin? Real Estate? Gold?, Oil?
Last edited:
Money & Economics
- Thread starter bigredfish
- Start date
Sybertiger
Known around here
No silly, guns, ammo and bourbon....although I see the price of bourbon is dropping. Maybe skip the bourbon. <gasp><shriek>
Kentucky’s $9B whiskey industry in crisis as Gen Z drinkers shun bourbon, tariffs take toll
Three prominent Kentucky distilleries have collapsed into bankruptcy over the past eight months, marking a dramatic fall for a $9 billion industry.
nypost.com
Good on all of those.
Glad to see bourbon coming down, Its been CRAZY since Covid. Fortunately I stocked up!
Glad to see bourbon coming down, Its been CRAZY since Covid. Fortunately I stocked up!
While inflation and printing certainly hurts everyone, it hurts some more than others.
It ultimately effects all of those other stores of value too.
We're fortunate and of an age where we aren't buying as much "stuff" as we used to.
No mortgage, no car payments, no debt, low utilities, dont travel a bunch and cars sit a lot so gas isnt an issue.
Food is the only thing we really see inflation on.
It ultimately effects all of those other stores of value too.
We're fortunate and of an age where we aren't buying as much "stuff" as we used to.
No mortgage, no car payments, no debt, low utilities, dont travel a bunch and cars sit a lot so gas isnt an issue.
Food is the only thing we really see inflation on.
Sybertiger
Known around here
It hurts those who have saved money the most. Printing money and taxes is a massive redistribution of wealth from those who have to those who don't.
My water/electric is higher than I like but what can you do? It helps with no mortgage/rent or payments on cars. Like you I don't drive much and I don't go out to eat much anymore so food is a relatively low expense. I feel blessed but at the same time cursed by the gubermint.
It's no different than them stealing the time and energy you've invested.
So taxes and inflation are facts of life pretty much wherever you live. Have been for thousands of years.
Someone has to pay for roads, services, government, (yes we need one) Defense, etc
Not sure there is any real solution. ? Open to suggestion
The idea is to minimize the effect, and if you can, make the same or more on investments than inflation and tax take away.
I'm relatively close to breakeven and I'm fine with that. I dont do anything for my investment payout it just generates money sitting in various very safe conservative accounts.
If I was 30 I'd be investing in thecasino market and trying harder to stay ahead of inflation/tax with the associated risk in order to build a bigger pile
Someone has to pay for roads, services, government, (yes we need one) Defense, etc
Not sure there is any real solution. ? Open to suggestion
The idea is to minimize the effect, and if you can, make the same or more on investments than inflation and tax take away.
I'm relatively close to breakeven and I'm fine with that. I dont do anything for my investment payout it just generates money sitting in various very safe conservative accounts.
If I was 30 I'd be investing in the
Balanced budget and no inflationary increase in the money supply. Let the people see how much they're really paying in, instead of stealing behind their back. Not a realistic solution, however, because it's the thieves, liars, and power hungry who migrate to government, while most honest people won't stoop to the lies and deception it takes to be successful in government.
Another one of their deceptions is all of the non-indexed tax thresholds that seem perfectly reasonable when they're enacted, then wait 20 years, and it's thievery. More and more social security recipients get pushed into the higher tax levels because of the benefit increases that are less than the real rate of inflation, so they get less spending power and taxed on it more. A single person who sells their home with more than a $250k gain gets taxed on that gain that really isn't a gain. Oregon state income tax has about a half-dozen non-indexed thresholds that originally hit only the very wealthy, and now hit middle class.
Granted and agree there are a number of problems with current tax law. Room for improvement for sure.
I’m just saying that even if designed to perfection (whatever that is) the concept of paying taxes and the concept of inflation aren’t going away and frankly shouldn’t.
Managing both to be as fair as possible is a noble goal, but there will always be a segment of any population that feels their part of the burden is excessive.
Many youngsters don’t realize this
I’m just saying that even if designed to perfection (whatever that is) the concept of paying taxes and the concept of inflation aren’t going away and frankly shouldn’t.
Managing both to be as fair as possible is a noble goal, but there will always be a segment of any population that feels their part of the burden is excessive.
Many youngsters don’t realize this