In the sixties some picketed and protested against a fucked-up war they didn't wanna go die in. That made sense. Gays protested and marched to be socially accepted. Blacks protested for civil rights. All that makes sense, or at least it does to me.
Today nobody knows why they're protesting anything. Any time a reporter asks a protestor what they're protesting for/about, they get a word-salad answer that would make Kamala cringe. My wife says they march and chant and scream because they're bored. I think it's much deeper than that. I think they do all this shit because they're jerkoffs. I may be wrong, but then again there we are with that useless 'w' again...
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In the United Kingdom (England, No. Ireland, Scotland, etc.), they tax (you can call it a tariff if you'd like) damn near everything people buy there. The value added tax (VAT) was introduced in 1973, replacing Purchase Tax, and is the third-largest source of government revenue, after income tax and National Insurance. It is administered and collected by HM Revenue and Customs, primarily through the Value Added Tax Act 1994.
VAT is levied on most goods and services provided by registered businesses in the UK and some goods and services imported from outside the UK. The default VAT rate is the standard rate, 20% since 4 January 2011. Some goods and services are subject to VAT at a reduced rate of 5% (such as domestic fuel) or 0% (such as most food and children's clothing). Others are exempt from VAT or outside the system altogether.
VAT is an 'indirect tax' because the tax is paid to the government by the seller (the business) rather than the person who ultimately bears the economic burden of the tax (the consumer).[4] Opponents of VAT claim it is a regressive tax because the poorest people spend a higher proportion of their disposable income on VAT than the richest people. Those in favour of VAT claim it is progressive as consumers who spend more pay more VAT.
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Yesterday, the US supreme court handed Trump a reprieve from a judge’s ruling that his administration must rehire 16,000 probationary workers fired in its purge of the federal bureaucracy.
Yesterday, the US supreme court handed Trump a reprieve from a judge’s ruling that his administration must rehire 16,000 probationary workers fired in its purge of the federal bureaucracy.
The court struck down by a 7-2 majority last month’s ruling by US district court judge William Alsup because non-profit groups who had sued on behalf of the fired workers had no legal standing.
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My next door neighbor just put his house on the market for $ 257k. That's mine on the left with a golf course behind me. The realtor used a drone to take this shot and I just noticed that I'm missing four or five shingles on my roof. FUCK - there's 6 G's down the toilet if I don't do the patch work myself...
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Here's a great new idea for a gift
that's both truly unique and very affordable...
It's only $ 40.00 - and come to you with free shipping!
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China responded to President Trump’s tariff threats by creating AI videos showing fat Americans working in warehouses.
The videos featuring chubby Americans toiling away in factories went viral on social media — a way to mock the Trump administration’s aim of returning manufacturing jobs back to American soil. Take a look:
Wow - what biting wit . We should be very/somewhat/a little/not insulted...
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I would favor a VAT tax over income and property taxes. But England pays both? Ouch. Most taxes are just plain theft by the elites on the poor (no middle class anymore).
ReplyDeleteVAT is a pain to calculate. The store has to remember exactly how much it paid for an item, and calculate the VAT based on the delta between cost and sale price. Sure, you can get software to do it. Kind of how ObamaCare forced out all of the small doctors offices since they didn't have the economics of scale to afford the software ObamaCare required.
DeleteI'm old enough to remember when roofers were white guys and high school and college kids.
ReplyDelete$6000 roof? Hahahaha I just got an estimate on a new roof, $16,000 & it has to be done by June or I have to pay off a equity loan. Being on the Gulf of America I have to have wind insurance on top of the homeowners insurance or nothing is covered. The roof that was installed 9 yrs ago with 25yr shingles is in perfect condition but is the wrong material. There goes my new stove & oven that are original to the house,1963. I'm too old to spend money like this. I need a drink.
ReplyDeleteVAT, when you buy a candy bar from 7-11 for $1.20 the tax is included in the sticker price, so the candy bar cost $1 and the tax is 20c which 7-11 pays to the government.
ReplyDeleteGST (USA), the candy bar sticker price is $1, you get to the cash register and it's rung up where the tax is added (say 20c for arguments sake), you pay the cashier $1.20 and 7-11 pays that 20c to the state gov, there might even be local taxes involved depending on where you live.
"My next door neighbor just put his house on the market for $ 257k."
ReplyDeleteWhy are some streets on google streetview and others not?
I understand that when you have a crappy looking street, the "Streetview" people often bypass it.
DeleteOoohh! I want an outhouse, an ugly plastic one with a tacky name painted on it!
DeletePK
Get ready to spend a lot more to fill that shopping cart.
ReplyDeleteIt is not just chinese crap that is getting tariffed. An insane amount of our food comes from other countries. https://www.visualcapitalist.com/cp/us-food-imports-by-country/
There are too many things we eat that we just can't produce. There is no climate in the US were we can grow the stuff we eat. Where can we grow coffee in the quantities we need. The same for tomatoes, bananas, bell peppers, etc, etc, etc.
At the same time our farmers have specialized to produce crops that could be sold to other countries for a lot more $ than bell peppers. We have virtually no use for soybeans but our farmers produce them because they could be sold to other countries. If we want farmers to retool, and repurpose their land to produce tomatoes then we have multiple problems.
1 many farmers will go bankrupt because the now can't sell their soybeans to other countries. Farmers have notoriously thin margins and not a lot of $ to fall back if things fail
2 Farmers will need to reinvest in new tools they don't have. A combine is a $200-300K piece of equipment that is great is you have a field of soybeans but completely useless if you have a field of tomatoes.
3 Repurposing fields takes a long time. It will be months if not years before you can get anything out of those fields
4 In some parts of the country you will be lucky if you can get 1 crop of tomatoes in one year
5 Who will pick all those tomatoes? Will you work picking tomatoes for $3 an hour? We are kicking illegal aliens out
6 We are now forcing farmers to produce a crop that yields lower returns. If farmers chose to plant soybeans it is because that is the crop that gave them the best yields from their fields. By forcing them to grow tomatoes (or anything else) we are forcing them to make less $. If they could have made more dollars growing tomatoes they would have done it BEFORE the tariffs and we would not have imported any tomatoes from Mexico
Multiply this by ten million and you will start approaching the bottom of the complexity of our food supply chain. Do this for coffee, bananas, beef, lamb, milk, etc, etc, etc, etc
Now multiply that by 50 million and you will start approaching the cost to the whole economy.
Who will pay for all this cost you ask?
YOU and I will pay for it! You will pay for it everytime you try to fill that shopping cart. Everytime you need new shoes, clothes, new car, anything you buy will be more expensive.
Even your homeowners insurance will be more expensive! When you renew your policy your rate will go up. Your insurer will calculate your home's replacement cost. If your house burns down your insurance will pay to rebuild it. That rebuilding cost is also going up. Lumber from Canada is getting tariffs, labor is more expensive (we kicked all those mexicans out), all that means that your insurance will also be more expensive.
And don't even get me started on what this will do to retirement funds.
Donnie says it's all going to be OK, you just need to believe in him like the maga peckerwoods do and you'll be fine.
DeleteWow. Another economic genius. Still wearing a mask? How many vax shots?
DeleteFunny, all of those countries have no problem putting tariffs against American goods.
DeleteWe're all going to depend on family gardens to survive. Plant one now.
DeletePK
1) When I had a work order in England the tech's there would get a clothing order together and I would buy blue jeans, Polo's, and even underwear for them. A 20% VAT tax added to a pair of 40 Euro jeans compared to a $35 pair of US Wranglers was about half of what they could get them in England. That was common.
ReplyDelete2) Your roof is shot. The discolored patches indicate an area where the shingles are about to let loose. A mild storm this summer could take a third of your shingles off. Tour vent boots are near or at end of life. They usually don't last as long as the shingles.
That Chinese factory jobs meme is hilarious!
ReplyDeleteSix thousand for six shingles or a new roof? I paid $650 for a company to replace one after a wind storm, but my house is two stories in front and three by the walkout basement. I gladly paid every cent for him to do it. I don't do heights like that, never did like them, and sold my extension ladder when I moved here.
ReplyDeletea large wire shopping cart costs over a grand. This will boggle the mind when you stroll into the grocery store and see their stack of hundreds
ReplyDeleteA VAT is effectively a sales tax and is not equivalent to a tariffs. A VAT is applied to domestically manufactured goods as well as imports. Tariffs are only applied to imports.
ReplyDeleteWell, one can guess what the young are angry about: Every halfway decent job demands a degree/certificate, most degree and certificate programs involve a lifetime of debt, the odds are against their being hired even with the degree/certificate, they're full of sex hormones but have only each other to mate with, and their glyphosate reactions just expanded into horrific glufosinate reactions. It'll be interesting to see whether a ban on these two poisons solves the "word salad" problem and enables them to *say* this, though. (And if that happens, will they stop supporting Ds?)
ReplyDeletePris cilla King