trifecta

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TROPHY CASE


Three-Year Club

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Noone is talking about this but Citibank is getting caught in the middle of a ponzi scheme

trifecta 0 points1 point 1 month ago[-]

Peter Noone is a very wise man.

Paul Krugman - The Third Depression: "...while long-term fiscal responsibility is important, slashing spending in the midst of a depression, which deepens that depression and paves the way for deflation, is actually self-defeating"

trifecta -2 points-1 points 1 month ago[-]

You are being just doctrinaire. In fantasy Qualude von Mises land that is ok. In reality, there is no "rational" market response to things like wars being fought over oil resources, and terrorism being funded by it.

What the fuck does going Galt do to stop that situation exactly? Businesses are interested in oil now because it's cheaper. They are being "rational". They also are fucking us up big time because they are more interested in quarterly profits than what is going to happen 30 years from now to their business that is so dependent on cheap abundant fossil fuels. Hey, wait, they aren't so rational actually.

The free market is bound to cure diseases that aren't profitable. They are bound to conduct pure research with no guaranteed profit. They are bound to act responsibly when drilling for oil.

Just go Galt already. Try Somalia. Very limited government jack booted thugs there.

Paul Krugman: The Third Depression

trifecta 1 point2 points 1 month ago[-]

Honestly something like a serious "green stimulus" would do a world of wonders and pay most of it self off if it was done. If the government massively retrofitted all of it's buildings, changed lighting, put solar panels on all gov building roofs, changed the entire fleet of all cars, including all postal trucks over to hybrids or full electrics, retrofitted all public housing units to reduce energy usage, this would stimulate all those industries. It would create jobs in those areas, from economies of scale it would reduce prices for those green items, creating more demand from other areas of the economy.

Or we could cancel unemployment benefits, lay off workers and see how well that does to turn things around. The problem with the people advocating pain is that they don't expect to feel much of the pain. They expect the little folk to suffer for the excesses of tax cuts for capital gains, give away tax breaks to big oil.

Fuck em. Seriously fuck em and the austrian horse they rode in on.

12 Things I Learned From The Saved By The Bell Oil Spill Episode

trifecta 2 points3 points 1 month ago[-]

I want to buy a buddy band right now.

Due to a bizarre tax law passed by George W. Bush, during 2010 billionares pay no estate tax. Dan Duncan, a texas energy tycoon, just left his kids $9 Billion tax free!

trifecta 0 points1 point 1 month ago[-]

That is why they have exemptions. Some years every dollar before 10,000,000 is not taxed. It's only taxed on dollar 10,000,001.

Where is the hyperinflation that the Libertarians promised us last year?

trifecta -5 points-4 points 2 months ago[-]

I am not a libertarian. I think they are silly dogmatists. That being said, we printed a ton of money. The answer to why there isn't hyperinflation has to be hoarding by the rich. If the wealthy took all that printed money and gave pay raises to the peons, we should/would have high inflation.

Plummeting Marijuana Prices Create A Panic In California

trifecta 0 points1 point 2 months ago[-]

By my math, they are getting $15.62 an eighth ounce. My guess is they could still make a profit at that price.

Not 5,000 barrels a day. 70,000 barrels a day.

trifecta 36 points37 points 2 months ago[-]

The spill really is much worse than we can actually see. Over a week ago, they dumped 1/3 of the world's supply of chemical dispersants on the thing. Then they purchased some more. Much of that oil has sunk to the bottom. The dispersants haven't been tested well. The oil is still there. It is quite fucked.

American manufacturing: A battery maker's struggles illustrate what's wrong and what's possible

trifecta 4 points5 points 2 months ago[-]

Companies really want to rape the environment too. Think of the BP spill. There was potentially $350,000,000 in oil there and they were too cheap to install the $500,000 sonar device. Worker's safety, OSHA, worker's comp, health care, dumping sludge are all things considered along with paying employees $.17 an hour that go into the minds of the money folks when they consider where to put a plant.

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