posted by geeblock

very little went to workers from what i saw...

Aren't you a teacher?  I don't think you saw because you didn't know or understand where to look.

I think at least 60%, if not 80%, had to be used for payroll.  And it was capped at @ $20k per worker, I believe, over about 6 months.

So in some cases it may not have been enough.  But if you think business owners were just pocketing this like a free handout then I don't know what to tell you.

posted by geeblock

billionaires skirt tax laws and pay very little tax and you cheer as if somehow that is a win for you.

I don't think I've ever cheered billionaires skirting tax laws.

Rather, I understand that taxes trickle down.  So I bitch about the droll stupidity of "fair share" because I understand raising taxes on the rich necessarily lowers my future earnings potential.  You're on the public dole so you don't see or understand that.

posted by gut

I don't think I've ever cheered billionaires skirting tax laws.

Rather, I understand that taxes trickle down.  So I bitch about the droll stupidity of "fair share" because I understand raising taxes on the rich necessarily lowers my future earnings potential.  You're on the public dole so you don't see or understand that.

lol "trickle down"  biggest scam ever created and still people keep waiting

posted by gut

Aren't you a teacher?  I don't think you saw because you didn't know or understand where to look.

I think at least 60%, if not 80%, had to be used for payroll.  And it was capped at @ $20k per worker, I believe, over about 6 months.

So in some cases it may not have been enough.  But if you think business owners were just pocketing this like a free handout then I don't know what to tell you.

very little oversight was done from what i see but i wasnt talking about ppp with this comment. when i referenced billionaires pocketing money i was talking about the 1.9 trillion tax and jobs act that was in like 2018 or 19

posted by geeblock

very little oversight was done from what i see but i wasnt talking about ppp with this comment. when i referenced billionaires pocketing money i was talking about the 1.9 trillion tax and jobs act that was in like 2018 or 19

I don't think your anecdotal observations are relevant.  Probably a lot of PPP money found its way to where it wasn't intended.  Just like a lot of this loan money will.  What seems to obvious is that this just incents colleges to continue raising tuition in a vacuum.  I guess places like Ohio State can continue to hire armies of lawyers and other administrators to copyright words for merchandise sales.  

posted by geeblock

i meant in the 10 thousand or above per year for 18-20  years

So people with 4 kids or more…that’s your demographic to complain about?

posted by jmog

So people with 4 kids or more…that’s your demographic to complain about?

I’m not complaining I’m trying to figure the vitriol for these student loans but not many other things. I’m all for working class people getting help, just like college grads that make less than 125k getting some help. 

posted by geeblock

I’m not complaining I’m trying to figure the vitriol for these student loans but not many other things. I’m all for working class people getting help, just like college grads that make less than 125k getting some help. 

How does this help the people going to college in 5-10 years?  Do we keep forgiving loans?  What possible incentive is there now for colleges to check their out of control spending?

posted by geeblock

very little oversight was done from what i see but i wasnt talking about ppp with this comment. when i referenced billionaires pocketing money i was talking about the 1.9 trillion tax and jobs act that was in like 2018 or 19

The US treasury has received RECORD tax revenue over the last several as the DIRECT RESULT of the reduction in tax rates which spurred substantial economic growth and prosperity (just like it ALWAYS does).  Just because congress pissed all those RECORD revenues away and a couple trillion more, is not the fault of the minority of taxpayers who are paying 80% of ALL taxes.

I'm not sure how many times we have to go over this, but it is getting nauseating. 

posted by geeblock

I’m not complaining I’m trying to figure the vitriol for these student loans but not many other things. I’m all for working class people getting help, just like college grads that make less than 125k getting some help. 

One is a hand out the other is keeping more of your money that you earned rather than the government stealing it  

Does that help?

The White House is as dumb as Gblock. 

Congresswoman Marjorie Taylor Greene had $183,504 in PPP loans forgiven.https://t.co/4FoCymt8TB

— The White House (@WhiteHouse) August 25, 2022

posted by iclfan2

The White House is as dumb as Gblock.

posted by jmog

One is a hand out the other is keeping more of your money that you earned rather than the government stealing it  

Does that help?

its essentially the same. some groups get less of their money taken than others.

posted by geeblock

its essentially the same. some groups get less of their money taken than others.

But it is not the same. A tax credit is the government not taking as much of your money that you have earned.

Student loan forgiveness is the government paying the bank for your loan to the bank then making everyone else in the county paying for it.

posted by jmog

Student loan forgiveness is the government paying the bank for your loan to the bank then making everyone else in the county paying for it.

All I know is a lot of art history and psychology majors are breathing a sigh of relief today behind the barista bar.

posted by Dr Winston O'Boogie

All I know is a lot of art history and psychology majors are breathing a sigh of relief today behind the barista bar.

Don’t forget gender studies and communication majors. 

posted by Dr Winston O'Boogie

All I know is a lot of art history and psychology majors are breathing a sigh of relief today behind the barista bar.

From what I can tell, this is probably legal.  But imagine the shitstorm that's coming if the courts block this.   That $20k is going to be spent before the first legal challenge even comes...

The thing is the entity that loaned $100k to a jobless teen isn't going to take the L and will never learn responsibility because they are using other people's money.  It's going to be everyone they by force of law confiscated the funds from to fund the loan.  And even those that pay no federal taxes will be left wondering how they can carry $100 worth of groceries to their car with just two hands.

How much of these loans are for graduate studies?  I’d be curious how many PhD’s in music and art history we’re funding.

This isn’t the little guy getting a crumb.  This is middle income people getting poor financial planning wiped out at an arbitrary point in time.  Some of the funding for this will come from tax payers who never went to college and make less that 125k, taxpayers who paid off loans as recently as last month who make less than 125k, lower income taxpayers with outrageous medical debt, etc.  This is buying votes pure and simple.

posted by geeblock

Who’s the guy in the chair supposed to be?  Do you think he’s a bank?  Banks aren’t eating $.01 of this.  They’ll be paid in full by Uncle Joe (using taxpayer funds).

posted by Dr Winston O'Boogie

How much of these loans are for graduate studies?  I’d be curious how many PhD’s in music and art history we’re funding.

This isn’t the little guy getting a crumb.  This is middle income people getting poor financial planning wiped out at an arbitrary point in time.  Some of the funding for this will come from tax payers who never went to college and make less that 125k, taxpayers who paid off loans as recently as last month who make less than 125k, lower income taxpayers with outrageous medical debt, etc.  This is buying votes pure and simple.

Bingo. Maybe educators such as Gblock should teach their students that college isn’t for everybody or that it doesn’t hurt anyone to go to a community college for the first 2 years, making sure credits will transfer. And what compounding interest is. 

Either way, the whole college system needs changed. You could fire hundreds of employees at each college that are in worthless positions that only exist because they have so much money. I’m against government intervention (although most are state schools), but don’t know how else to make education reasonable. Some states also have scholarships if you have good grades and stay in state, with extra money if you stay in STEM. But that also just encourages tuition to be high. 

posted by Dr Winston O'Boogie

Who’s the guy in the chair supposed to be?  Do you think he’s a bank?  Banks aren’t eating $.01 of this.  They’ll be paid in full by Uncle Joe (using taxpayer funds).

Yeah, the general rule of "trickle-down" economics is:

1. If the big guy gets inconvenienced by something, that inconvenience (and more, most likely) will definitely trickle the fuck down to you. IE: This situation.

2. If the big guy gets a kickin' kickback and big-time profits and all that jazz, well, while I'm sure some of them do have a bit of "share the wealth" (if for no reason other than optics and in a way where they're still pulling a handsome profit) in them, most of that extra cash is going straight to the new yacht or mansion.