Today's Stock Market Crash: Mr Reasonable

[youtube]http://www.youtube.com/watch?v=fJ9rUzIMcZQ[/youtube]

Every second counts in trading nowadays so, queen who died. Did he trade with his millions? Or did he care?

Now to share a personal story, last year I was charged $217.00 for not having health insurance which I cannot afford either on the state, federal, or corporate employer level. I did my taxes today and because of the last holdouts of the healthcare provisions by Obama I was fined $695.00 for not having health insurance this year where I am only going to receive $503.00 back and that’s after I payed $9500.00 or more in taxes last year with an income of only $18,000.00 a year. Fuck this country! Let this country burn to the ground for all I care!

Whose idea was it to fine people money who can’t afford health insurance?! Fuck all of you!

Then they want to legalize 800,000 dreamers who will largely receive free healthcare, education, food, and housing?! Burn this fucking government down to the ground, set it on a blaze of fire! I hope this stock market collapses and wipes everybody out! You fucking lunatics!

While I don’t really like Donald Trump as I am a critic of him on many levels I might just vote for him in the next election anyways just on taxes alone (keeping them low and getting rid of Obama mandatory penalties) assuming the country doesn’t collapse before then, motherfuck! What a giant shitshow!

Today I just got butt-fucked by the United States federal government without any lube!

Feel your pain and mine hope we don’t have to die for country family and self. But that’s is how it usually for a down

Relax: my hunch is it will be ok6

Ok? You try living on $800.00 a month and see if you like it!

Below is a photo of Wall Street traders panicking as billions of dollars are wiped off their stocks. Sad.

Repost the image as I can’t see it, I need something to lift my spirits on my way to work today.

This seems high. Is the 18000 pre-tax or after tax? Either way, the marginal tax rate for under $37k is 15%, why are you paying 30-50%?

I live in a high tax rate state run by democrats that is on the verge of state wide bankruptcy, I’ll just leave it at that.

It’s working fine for me. If anyone else is having problems let me know.

Try the link:
s18.postimg.org/81awkvcyh/-_TKW … 3x1ak0.jpg

Ah, the ugliness of ETF algorithms on computer modem controlled Wallstreet! :stuck_out_tongue:

[youtube]https://www.youtube.com/watch?v=_wRH9esYgnk[/youtube]

I mean, there’s clearly more to the story. CA has the highest tax rate in the country and that’s still less than 15% in the highest bracket, so state taxes alone wouldn’t explain your 50% tax rate.

I don’t mean to pry, and I’m sure your situation is complicated and likely not entirely fair, it’s just you’re presenting what seems to be an extreme outlier of a tax situation as though it’s the average tax situation.

My state is a close second or third to California.

Bit wouldn’t a state like California or others in a similar state have problems with social projects which need more money?
So Your assertion points to a tautological equation , more money for the infrastructure, the higher the tax. The average taxpayer can not afford any more for the infrastructure, it may take a different different route to find it?

The dems are broke and their policies bespeak of their futility

K: as a long term Californian?, I disagree…we have one of the best run
states in the nation…and there is not a single, not one, republican
on the state level and the state legislature is all democratic…we have
an excellent governer in Jerry Brown…we were in debt hell and have made
great progress in lowering that debt…for the most part, the blue states
are the wealthy states and the red states are the welfare states…
in other words, we put in far more money in federal taxes then we receive
back in taxes, unlike the red states who mooch off of the blue states…

are there problems? of course, the cost of housing is insane and the
traffic is pretty bad…but having lived in several other states,
I can state that I would rather live here then anywhere else…

Kropotkin

@Zero Sum

Agreed, not only is the US economy unsustainable, but so is the world economy.
Myself, I’m thinking about these things long term, big picture.
The world has been fundamentally ascending economically and in many other, but not all ways for the previous several centuries.
The western world has been at the forefront of this ascension, the spearhead, but most of the rest of the world has now hitched their respective wagons to its star.

But it hasn’t been a steady climb, no climb is, there’s been setbacks along the way, but so far, these setbacks have been minor, even the depressions of the early 20th century and the latest one were relatively minor, because we were able to recover from them shortly afterward.
However, all the, reasonable economists, and ecologists, have been warning us we cannot continue growing forever, because, well, the economy is not a God, and it never will be, it is subject to the laws of physics, it has limits, a ceiling made of iron.
We may not be able to presently locate exactly where it is, but make no mistake, it’s there.
If we had any sense as a species we’d be willfully full stopping, and thinking more about what to do with all this wealth we’ve accumulated, how to conserve and spend it wisely, but instead we’ve chosen to deny such a ceiling exists.

Once we crash into it, it won’t be just another minor setback, it’ll deal a devastating blow, from which not only will we not be able to immediately recover, but will send us toppling, at best, much of the way down from whence we came, and at worst, to our demise as a species.
Historically we’ve never been this high before, and that should give us pause, for the higher the precipice from which you fall, the harder the crash.

Civilization is essentially a house of cards built on sand, removing just one card could cause a chain reaction.
There are so many hazards on the horizon, from global warming to another coronal mass ejection like the one we witnessed during the mid 19th century, which could destroy all or most of the electronics we’ve come to depend on.
From peak oil to food and water shortages, from the deflated middle class to nuclear warfare, and the list goes on and on.

If just one of these calamities were to befall us, it’ll likely trigger many or most of the others, for example famine and drought could precipitate nuclear war, and conversely nuclear war could precipitate famine and drought.
And the longer we permit ourselves to continue this climb: the more we pollute, the more dependent on electronics we become, the more non-renewable resources like fossil fuels and minerals like uranium we consume, the more we overpopulate and cultivate the land, the greater the chasm grows between rich and poor, the more weapons of mass destruction, nuclear, space based, viral and so on are built and tensions foment between west and east, north and south over diminishing resources, the more likely these catastrophes will occur, and the less likely we’ll be able to manage the aftermath, the fallout.

And to the aforementioned you can add deforestation, thousands of species dying due primarily to man’s activity, thousands of more following, leading to another mass extinction event.
epidemics, rising cancer, diabetes, heart disease and obesity rates due to all the unnatural, unwholesome foods and drugs we’re consuming, chemicals in the air and water supply, an increasingly physically and psychologically debilitated society, overmedicated and stimulated to the point of zombification.
Killer viruses, strengthened by antibiotics, or artificially concocted in a laboratories and (un)intentionally unleashed upon the unsuspecting masses by (mad) scientists or terrorists, fomenting tensions between the sexes (see feminism) and cultures largely isolated from one another for centuries-millennia, coming into contact for the first time, or cultures with centuries old bad blood, like Christians and Jews, Muslims and Hindus, forced to live together in increasingly crowded inner cities.

And to all this, we’re adding genetically modified organisms and AI…because apparently the challenges we’re already facing are insufficient, now we want to tinker and toy with the very fabric of life itself, despite man, especially in the last few centuries, not having a very good track record with its haphazard, reckless and unnecessary meddling, we have the gall, the audacity to suppose, our civilization is unsinkable?
On the contrary, it’s a miracle we’re still here, we’ve been on the brink of annihilation several times already, like during the Cuban missile crisis.
No it’s by sheer dumb luck we’re still alive, and it will run out.

Sure, that is why that other billionaire fellow wants to put California cessation on the ballot. But there are problems with that
But the rest of the US are not fairing that well, and the overall problem dwarfs even California

Zero Sum

Agreed, it’s not a question of if, but when we’re going to fall, how fast and how far.
All civilizations at some point stagnate and either implode, or decline to a more primitive, less sophisticated state, which they may or may not have the capacity to recover from, in the distant future, and ours is no exception.
It’s natural law, it doesn’t matter whether we acknowledge it or not, but at least if we did, we could prepare for it.
The ‘recession’ of 08 was nothing, we’re talking about a worldwide permanent recession, where the economy and our capacity to extract resources from the ecosystem incrementally declines over the course of centuries, or implodes: nuclear and viral warfare, all hell breaking loose, another mass extinction event, the likes of which the earth hasn’t seen since the end of the cretaceous.

Right, the crumbling of the US economy would doom the world as we know it.

I’m not exactly looking forward to such a scenario, as I, perhaps a little less mentally than most, but as much materially, would be caught with my pants down, and would have as much chance of surviving as Joe average or in other words, next to 0.
I’m hoping for a more a gradual decline, which will give me a chance to make some preparations, but decline is inevitable, and in the long run, desirable, for valuable lessons can be learned from it, for ourselves as individuals, and as a species, if we survive it.
And I mean if it is going to be a massive, overnight plummet, a freefall free for all, there’s only so much you can do anyway, most, if not all people are probably going to die, and who, if anyone survives is going to be determined by luck as much as skill.

While there’s a few things I liked about him, his political incorrectness and such, he is all of the above: a Zionist, capitalist and megalomaniac.

I couldn’t care less about Israelis, I think they should have to fend for themselves alone, among the peoples they’ve antagonized.

I’m mostly against capitalism, either it should be replaced with different systems, each region of the world can go its own way, and/or we should have no systems at all, and let chaos reign.
We’ve built our civilization around the premise of limitless economic competition and expansion, and while it may’ve served us in some ways for a little while, and no system is perfect, it’s become totally unsustainable, we need to radically change course and/or prepare for death/destruction.

Joker, the government took half your money in spite of you being virtually indigent?

You should fire your accountant. I’ll do your taxes for free man.