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      03-23-2020, 08:29 AM   #67
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Originally Posted by ASAP View Post
I am really under the impression no one is thinking longer than a month or two out at this point... holy cow... this and almost negative interest rates.

I am preparing for bread to cost $15.
I am, look at my earlier post, I said this is terrible and will cause massive inflation. For what? Because a ton of public companies don't want to open up more shares to gain additional cash flow, because a bunch of public companies over leverage themselves, because the fed has made bigger and bigger balloons since it inception, and so on. It called a rainy day fund, let's set an example once and for all and have the bad actors failed and make room for the private sector to pick up the pieces and rebuild the economy properly.
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      03-23-2020, 02:11 PM   #68
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Quote:
Originally Posted by ASAP View Post
I am really under the impression no one is thinking longer than a month or two out at this point... holy cow... this and almost negative interest rates.

I am preparing for bread to cost $15.
But what are the liberals going to use as a hatred platform if everyone is suddenly a millionaire from currency devaluation?????
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      03-23-2020, 03:12 PM   #69
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      03-23-2020, 03:16 PM   #70
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“Free”

Sorry, couldn’t resist.
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      03-23-2020, 04:09 PM   #71
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#stockpiling_ammo
#stockpiling_seeds
#breadmachine
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      03-23-2020, 04:34 PM   #72
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Is the ammo to get protein or zombies or same thing
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      03-24-2020, 05:41 PM   #73
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Is the ammo to get protein or zombies or same thing
Save homestead protein and carbs from poaching. Light dove load may be used for additional protein, we have a shit-tonne of doves flock around the chicken coop after feeding time.

Already considering the soup pot for the 6-7 yo turkey, so zombies aren't very far removed.
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      03-24-2020, 06:06 PM   #74
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Dove load you can pepper up the poachers a bit.
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      03-24-2020, 07:20 PM   #75
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If I get quarantined I'm going to learn to load my own. I prefer salted poachers, they can just hang in the shed until we carve them up
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      03-25-2020, 01:09 PM   #76
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Have several hundred of trap, dove, Turkey, buck, slug loads that will last a hunters lifetime and then some and the Beretta A300 is standing by ready to go to work.
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      03-25-2020, 09:01 PM   #77
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Going towards the backend of my emergency fund. Hopefully I won’t need to use it.
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      03-25-2020, 09:25 PM   #78
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Going towards the backend of my emergency fund. Hopefully I wonít need to use it.
Same
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      03-25-2020, 10:33 PM   #79
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Going towards the backend of my emergency fund. Hopefully I wonít need to use it.
I'm still working but it getting hard for me justifying other individuals in my company to continue working, really don't want to cut anyone but one more week like this week may result in me laying off 30 people.
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      03-26-2020, 12:55 AM   #80
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"Free" nothing for those making over the $100,000 threshold. So we get nothing now and when the government comes to collect once the economy stabilizes and the government hikes up the taxes to recover, the $100,000+ crowd will again bear the brunt of the decision. People making over $100,000 also get laid off and furloughed. Redistribution of wealth at its finest.

At least I don't have to pay for all of the outstanding loans for college students, yet.
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      03-26-2020, 01:22 AM   #81
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Quote:
Originally Posted by e90335e36m3 View Post
"Free" nothing for those making over the $100,000 threshold. So we get nothing now and when the government comes to collect once the economy stabilizes and the government hikes up the taxes to recover, the $100,000+ crowd will again bear the brunt of the decision. People making over $100,000 also get laid off and furloughed. Redistribution of wealth at its finest.

At least I don't have to pay for all of the outstanding loans for college students, yet.
If you make over 100k and donít have any emergency savings and this $1200 is going to change your life then youíre doing it wrong.
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      03-26-2020, 01:33 AM   #82
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Quote:
Originally Posted by chris719 View Post
Quote:
Originally Posted by e90335e36m3 View Post
"Free" nothing for those making over the $100,000 threshold. So we get nothing now and when the government comes to collect once the economy stabilizes and the government hikes up the taxes to recover, the $100,000+ crowd will again bear the brunt of the decision. People making over $100,000 also get laid off and furloughed. Redistribution of wealth at its finest.

At least I don't have to pay for all of the outstanding loans for college students, yet.
If you make over 100k and don't have any emergency savings and this $1200 is going to change your life then you're doing it wrong.
Wow, you've got me and my finances all figured out from that one statement? Are you clairvoyant or presumptuous? Maybe I have a ton of unpaid medical bills? Maybe I live in San Diego, one of the more expensive cities in the US? Maybe it's a host of other issues?

Or maybe my logic is sound, because I know that I work in one of the most adversely impacted industries by this virus, that my company's stock is down significantly, that hiring is frozen, raises deferred, and utterances of layoffs have begun to circulate. I'm no different than anyone else impacted by this virus.

They'll put nothing in my pocket now and reach even deeper when it's time to collect. Fair is fair and I don't think this is, but that's the world we live in.
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      03-26-2020, 07:19 AM   #83
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Quote:
Originally Posted by e90335e36m3 View Post
"Free" nothing for those making over the $100,000 threshold. So we get nothing now and when the government comes to collect once the economy stabilizes and the government hikes up the taxes to recover, the $100,000+ crowd will again bear the brunt of the decision. People making over $100,000 also get laid off and furloughed. Redistribution of wealth at its finest.

At least I don't have to pay for all of the outstanding loans for college students, yet.

Quote:
Originally Posted by chris719 View Post
If you make over 100k and donít have any emergency savings and this $1200 is going to change your life then youíre doing it wrong.

Quote:
Originally Posted by e90335e36m3 View Post
Wow, you've got me and my finances all figured out from that one statement? Are you clairvoyant or presumptuous? Maybe I have a ton of unpaid medical bills? Maybe I live in San Diego, one of the more expensive cities in the US? Maybe it's a host of other issues?

Or maybe my logic is sound, because I know that I work in one of the most adversely impacted industries by this virus, that my company's stock is down significantly, that hiring is frozen, raises deferred, and utterances of layoffs have begun to circulate. I'm no different than anyone else impacted by this virus.

They'll put nothing in my pocket now and reach even deeper when it's time to collect. Fair is fair and I don't think this is, but that's the world we live in.
Exactly. All these assumptions just because the perception that because we make over 6 figures that we're living high on the hog. As you said, this whole thing is total crap. If they're going to send out a handout to people, they should be sending it out to everyone. This handout also ignores the fact that people who reported over 6 figures income last year could be making zero now if they're laid off due to this situation we're in.

While technically, I don't need this $1200 hand out. But if I do get laid off, I'm going to be in a huge financial hole of which I may never recover. As e90335e36m3 has astutely pointed out, there may be circumstances one is experiencing which does not mean they're not fiscally responsible in having emergency cash reserves. I myself had just gone through a divorce. My ex is well taken care of and I got screwed big time. I have already suffered financial harm due to having to liquidate investments during the drop in the market because of the divorce decree. I also have medical bills that I've been paying on along with being required to pay support and day care costs.

As was mentioned, this is another crap wealth redistribution. Same crap that happened under Obama with the idiotic stimulus checks. And when things come around and if I get out of the financial mess I'm in intact, we over $100k earners will be paying again into this crap handout.
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      03-26-2020, 08:38 AM   #84
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To be clear, the thresholds aren't based on earning a certain amount of money per se. It's a little more nuanced than that. The thresholds are based on AGI as stated on your tax return for 2019 or 2018 if you've yet to file for this year. In other words, an individual filer can earn over $99,000 in a year and have an AGI of less than $99,000. The thresholds are higher for married filing joint filers.
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      03-26-2020, 08:44 AM   #85
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Market surging because everyone got bailed but a record number of unemployment claims... not sure how this is all supposed to work.
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      03-26-2020, 08:56 AM   #86
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Quote:
Originally Posted by chris719 View Post
Quote:
Originally Posted by e90335e36m3 View Post
"Free" nothing for those making over the $100,000 threshold. So we get nothing now and when the government comes to collect once the economy stabilizes and the government hikes up the taxes to recover, the $100,000+ crowd will again bear the brunt of the decision. People making over $100,000 also get laid off and furloughed. Redistribution of wealth at its finest.

At least I don't have to pay for all of the outstanding loans for college students, yet.
If you make over 100k and don’t have any emergency savings and this $1200 is going to change your life then you’re doing it wrong.
Did you read all of his post? I don't think he is nearly as pissed over not getting the money and far more pissed at not getting it and then having to pay the bill on it. That's what happens to the $100k+ and it's even worse for the $200k plus crowd.

I sat down in late January and itemized all the taxes I paid in 2019. I do not own a business. 43% of every dollar I made went to some sort of tax or the other. As a young man I always thought, if can ever make it to $x00,000 per year I will have made it! I can't tel, you how wrong I was. It seems to me that the $250k-$500k range is the most shit on in the country from a tax burden perspective. You don't make enough to pay someone to create a bunch of tax shelters for you and make too much for anyone to give a damn about you in an emergency.

As I have said in another post, I have about 6 months worth of our monthly operating cost in the bank. It wasn't the emergency fund that I wanted but it's what I have. I have always tried to plan for a major portion of my income to go away or for my wife to lose her job. I am not prepared for a drop in income of $30k per month. Maybe for a month or three but not 6 months.

I do think that things will pick up in time for me personally and regardless I will survive and figure it out. I also thinks is is shitty for some Americans to have a financial win, some to come out unscathed and then people like me come out the other side with their savings obliterated at beat and bankruptcy at worst.

I assume you are in the medical field based on how you have positioned yourself as an expert on the virus topic. You probably have no financial worries if so. I am happy for you if that is the case but I would suggest sticking to the medical side of this issue and stop trying to give financial suggestions or tell people what the should have been doing to prepare for a full shutdown of the country.
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      03-26-2020, 08:58 AM   #87
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Market surging because everyone got bailed but a record number of unemployment claims... not sure how this is all supposed to work.
Speculation was 4,000,000 unemployed but ended up being 3,250,000 so it gave the market a little boost. I but by tomorrow it will be over 4,000,000 if it's not already. It's a lag in reporting and the numbers are not real time. My wife will start getting her $260 per week in 3 weeks. We won't see a dime beyond that.
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      03-26-2020, 09:07 AM   #88
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Originally Posted by Nuckle View Post
Did you read all of his post? I don't think he is nearly as pissed over not getting the money and far more pissed at not getting it and then having to pay the bill on it. That's what happens to the $100k+ and it's even worse for the $200k plus crowd.

I sat down in late January and itemized all the taxes I paid in 2019. I do not own a business. 43% of every dollar I made went to some sort of tax or the other. As a young man I always thought, if can ever make it to $x00,000 per year I will have made it! I can't tel, you how wrong I was. It seems to me that the $250k-$500k range is the most shit on in the country from a tax burden perspective. You don't make enough to pay someone to create a bunch of tax shelters for you and make too much for anyone to give a damn about you in an emergency.

As I have said in another post, I have about 6 months worth of our monthly operating cost in the bank. It wasn't the emergency fund that I wanted but it's what I have. I have always tried to plan for a major portion of my income to go away or for my wife to lose her job. I am not prepared for a drop in income of $30k per month. Maybe for a month or three but not 6 months.

I do think that things will pick up in time for me personally and regardless I will survive and figure it out. I also thinks is is shitty for some Americans to have a financial win, some to come out unscathed and then people like me come out the other side with their savings obliterated at beat and bankruptcy at worst.

I assume you are in the medical field based on how you have positioned yourself as an expert on the virus topic. You probably have no financial worries if so. I am happy for you if that is the case but I would suggest sticking to the medical side of this issue and stop trying to give financial suggestions or tell people what the should have been doing to prepare for a full shutdown of the country.
On top of this is the ongoing specter of the AMT which has been an issue long before this recent economic crisis.
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