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Yes, I noticed the 13G
I was curious how or from who he bought the shares. Is this one of the debenture conversions?
Because of the Trump tax cut
the sun will rise in the East tomorrow.
It's hard to find anything that he posts as reliable.
I did a quick google and learned that the US has a higher % of energy provided by renewable than China and he is trying to paint a picture of Trump as a villain. Pathetic. It's a constant string of lies and deliberate deception. The best thing to do is put him on ignore
There you go again...
Providing facts. This is so simple that it doesn't even require any critical thinking. But that would be asking way too much for Arizona1.
Thanks for the info.
From your link...
"What do backers get in return?
Backers that support a project on Kickstarter get an inside look at the creative process, and help that project come to life. They also get to choose from a variety of unique rewards offered by the project creator. Rewards vary from project to project, but often include a copy of what is being produced (CD, DVD, book, etc.) or an experience unique to the project.
Project creators keep 100% ownership of their work, and Kickstarter cannot be used to offer equity, financial returns, or to solicit loans."
In other words the earliest investors that are taking the highest risk get very little back even if the project is successful.
Some additional questions:
Is the lead person on this BLU3 project the same Carmichael that is the Brownies CEO?
Is the Blu3 / NOMAD project set up as a separate business or is it part of Brownie's ? Or to ask the question a different way... If the Blu3 product line is successful do the profits go to a separate business or do the profits go to Brownie's ?
Thanks for your help to clarify some of this.
How does an investor that provides funding via Kickstarter reap the benefits of a successful project?
In the big picture Kickstarter funding is so early that the investment risks are the highest... Even much higher than participating as an accredited investor with an established company.
If a business is successful the highest investment risks should provide the highest payback. So how does an investor see the expected return ? Thanks.
"By handing trillions of dollars to banks and businesses, Obama and Bernanke used trickle down. Period. And it created millions of jobs. Period."
So... Trickle down works when democrats do it but it doesn't work when Republicans do it ????
I'm looking forward to trader guy's explanation of the difference.
The last guy spent his first 6 years blaming his incompetence on Bush !
"The financial geniuses running the economy"
Are you talking about these guys?
Janet Yellen doesn't need any description
This guy never had a real job... Never even ran a lemonade stand prior to becoming president. Community organizer doesn't count as experience. Over 90% of his closest advisors also didn't have any business experience and came right out of the corrupt political cesspool of Chicago. Can't find his a$$ with both hands in broad daylight. Hell, he even posted a birth certificate that any kid with PhotoShop can see the 10 places that were modified.
Jonathan Gruber is the "architect" of Obamacare. Admitted lying about it knowing it didn't have a chance in hell of passing if the truth were told.
And Tim Geitner was asked by Obama to get on the talk shows and lie to the people what the impact the Social Security system has on the debt.
But I'll have to admit... The really smart ones have been caught selling our uranium to the Russians... Or raising $2 BILLION for Haiti that never showed up.
And all the little minions that haven't lied because they have all been pleading the 5th for the last 2-3 years after their game was brought to light.
Are these the financial geniuses you're talking about?
If you want to know more about other financial geniuses just let me know the subject matter that interests you and I'll come up with more names for you...
"They'll unknowingly give a good portion if not all of their hard earned money to experts, who're already salivating at what they know is to come. And that's been the plan all along; to engineer the biggest, grandest more spectacular transfer of wealth from the unknowing and poor (or soon to be poor) in history. "
I don't understand the plan... Please explain. Thanks.
My apologies...
I got the distinct impression from your liberal rant about Walmart giving bonuses and closing stores that Walmart was disingenuous and using the store closings to pay for the bonuses.
Are you sure the Russians aren't responsible for Walmart's greed ?
What do you think Walmart should do with a store that is losing money?
I know... I know... Walmart has lot's of money but what should they do with a store that's losing money.. Thanks.
New Department Of Labor Report Reveals Rampant Embezzlement
By Union Employees Around U.S.
( Who wudda thought ??? }
Those still holding out hope that massive labor unions around the country are anything but dens of corruption run by morally bankrupt union bosses, motivated solely by their own personal enrichment and not the best interests of their dues paying members, should probably stop reading this article now.
For the rest of you, a new report from the U.S. Department of Labor (DOL), obtained by the Detroit Free Press, proves that the corruption inside of union offices around the country is far more rampant than you ever imagined. As the Free Press notes, in the past two years alone, more than 300 union locations have discovered embezzlement of union funds totaling millions of dollars...and that's just counting the people who got caught.
Even though the UAW is the poster child of union corruption, cases reported by the DOL involved unions representing nurses, aerospace engineers, firefighters, teachers, film and TV artists, air traffic controllers, musicians, bus inspectors, bakery workers, roofers, postal workers, machinists, ironworkers, steelworkers, dairy workers, plasterers, train operators, plumbers, stagehands, engineers, electricians, heat insulators, missile range workers and bricklayers. Meanwhile, the various cases involve embezzlement and fraud ranging from $1,051 up to nearly $6.5 million.
Of course, the biggest and most highly publicized union embezzlement scheme of 2017 involves multiple Fiat Chrysler and UAW employees who stole millions of dollars intended for worker training...
Jerome Durden, a former financial analyst in corporate accounting at Fiat Chrysler and former Controller of the UAW-Chrysler National Training Center, pleaded guilty in August 2017 after preparing and filing tax returns that concealed millions of dollars in prohibited payments directed to others in 2009-15. His sentencing is scheduled for Jan. 23.
Alphons Iacobelli, former vice president at FCA, was charged in July 2017 with conspiracy and delivering more than $1.2 million in prohibited payments and things of value to the late General Holiefield, former vice president of the UAW, Holiefield's wife and other UAW officials. His trial is scheduled for March 19.
Monica Morgan, wife of Holiefield, was charged in July 2017 with tax evasion and conspiracy stemming from her family’s receipt of more than $1.2 million from the former vice president of FCA between 2009 and 2014. Her trial is scheduled for March 19.
Virdell King, a former assistant director of the UAW-Chrysler National Training Center, pleaded guilty in August 2017 to receiving more than $40,000 in prohibited payments and things of value from the former vice president of FCA and “others acting in the interest of FCA.” Payments received between 2012 and 2015 included purchases of clothing, jewelry, luggage, golf equipment, concert tickets and theme park tickets. She is scheduled to be sentenced May 1.
...but the FCA case is hardly unique as there are literally 100's of indictments targeting union embezzlement every single year. Here is a just a small sample of some of the largest cases noted by the DOL in 2017:
Laborers Local 657 in Washington, D.C., saw its business manager sentenced to four years in prison in February 2017 for embezzlement and was ordered to pay $1,632,000 in restitution. Two contractors were sent to prison and ordered to pay restitution, too.
The International Brotherhood of Boilermakers Local 154 in Pittsburgh saw its former business manager plead guilty in September 2017 to embezzling approximately $1.5 million, plus tax evasion.
A former financial secretary for the International Longshoremen’s Association Local 970 in Norfolk, Va., was sentenced in February 2017 to 41 months in prison after stealing $1,072,669 from the union by making cash withdrawals and using money to buy gas, food, clothing, shoes, toys, entertainment and home improvement supplies.
A former executive director of the Hawaii Painting & Decorating Contractors Association pleaded guilty in May 2016 to embezzling approximately $1,483,800 from the Hawaii Painters Trade Promotion & Charity Fund, which comes out of the hourly wages of Painters District Council 50 in Honolulu.
A former union business manager for Allied Novelty and Production Workers Local 223 in New York and former president of Teamsters Local 810 in August 2016 pleaded guilty to soliciting and receive kickbacks to influence the operation of an employee benefit plan and commit theft of $1 million.
In another multimillion-dollar case, charges were filed on Jan. 9, 2017, against a former UAW president in New Jersey accused of hatching a scheme with a health insurance broker to steal $1 million from the union’s self-insured health plan and defraud Horizon Blue Cross Blue Shield of approximately $5.5 million.
Sergio Acosta oversaw the benefit plan for UAW Local 2326 and, authorities say, conspired with Lawrence Ackerman, who is accused of creating two shell companies to market health insurance to about 700 ineligible participants from across the country, New Jersey Advance Media reported. Acosta is accused of permitting ineligible participants to remain on the union's health care plan. No trial dates have been set. Each defendant faces up to 10 years in prison, if convicted.
“Unions are not unique,” said Peter Henning, a former federal prosecutor who teaches law at Wayne State University. “Another group hit hard by embezzlement are churches. You can’t train people to be ethical. It’s just access to money.” He added, "These people view themselves as overworked and underpaid. Well, I’ve just identified 80% of the country.”
Of course, so long as these union bosses continue to deliver their 100,000's of votes to the Democratic party we're certain that the likes of Bernie Sanders will continue to defend their role in stealing from helping unionized workers.
Here is the full report from the Department of Labor:
( At the link... )
https://www.zerohedge.com/news/2018-01-08/new-department-labor-report-reveals-rampant-embezzlement-union-employees-around-us
New Department Of Labor Report Reveals Rampant Embezzlement
By Union Employees Around U.S.
( Who wudda thought ??? }
Those still holding out hope that massive labor unions around the country are anything but dens of corruption run by morally bankrupt union bosses, motivated solely by their own personal enrichment and not the best interests of their dues paying members, should probably stop reading this article now.
For the rest of you, a new report from the U.S. Department of Labor (DOL), obtained by the Detroit Free Press, proves that the corruption inside of union offices around the country is far more rampant than you ever imagined. As the Free Press notes, in the past two years alone, more than 300 union locations have discovered embezzlement of union funds totaling millions of dollars...and that's just counting the people who got caught.
Even though the UAW is the poster child of union corruption, cases reported by the DOL involved unions representing nurses, aerospace engineers, firefighters, teachers, film and TV artists, air traffic controllers, musicians, bus inspectors, bakery workers, roofers, postal workers, machinists, ironworkers, steelworkers, dairy workers, plasterers, train operators, plumbers, stagehands, engineers, electricians, heat insulators, missile range workers and bricklayers. Meanwhile, the various cases involve embezzlement and fraud ranging from $1,051 up to nearly $6.5 million.
Of course, the biggest and most highly publicized union embezzlement scheme of 2017 involves multiple Fiat Chrysler and UAW employees who stole millions of dollars intended for worker training...
Jerome Durden, a former financial analyst in corporate accounting at Fiat Chrysler and former Controller of the UAW-Chrysler National Training Center, pleaded guilty in August 2017 after preparing and filing tax returns that concealed millions of dollars in prohibited payments directed to others in 2009-15. His sentencing is scheduled for Jan. 23.
Alphons Iacobelli, former vice president at FCA, was charged in July 2017 with conspiracy and delivering more than $1.2 million in prohibited payments and things of value to the late General Holiefield, former vice president of the UAW, Holiefield's wife and other UAW officials. His trial is scheduled for March 19.
Monica Morgan, wife of Holiefield, was charged in July 2017 with tax evasion and conspiracy stemming from her family’s receipt of more than $1.2 million from the former vice president of FCA between 2009 and 2014. Her trial is scheduled for March 19.
Virdell King, a former assistant director of the UAW-Chrysler National Training Center, pleaded guilty in August 2017 to receiving more than $40,000 in prohibited payments and things of value from the former vice president of FCA and “others acting in the interest of FCA.” Payments received between 2012 and 2015 included purchases of clothing, jewelry, luggage, golf equipment, concert tickets and theme park tickets. She is scheduled to be sentenced May 1.
...but the FCA case is hardly unique as there are literally 100's of indictments targeting union embezzlement every single year. Here is a just a small sample of some of the largest cases noted by the DOL in 2017:
Laborers Local 657 in Washington, D.C., saw its business manager sentenced to four years in prison in February 2017 for embezzlement and was ordered to pay $1,632,000 in restitution. Two contractors were sent to prison and ordered to pay restitution, too.
The International Brotherhood of Boilermakers Local 154 in Pittsburgh saw its former business manager plead guilty in September 2017 to embezzling approximately $1.5 million, plus tax evasion.
A former financial secretary for the International Longshoremen’s Association Local 970 in Norfolk, Va., was sentenced in February 2017 to 41 months in prison after stealing $1,072,669 from the union by making cash withdrawals and using money to buy gas, food, clothing, shoes, toys, entertainment and home improvement supplies.
A former executive director of the Hawaii Painting & Decorating Contractors Association pleaded guilty in May 2016 to embezzling approximately $1,483,800 from the Hawaii Painters Trade Promotion & Charity Fund, which comes out of the hourly wages of Painters District Council 50 in Honolulu.
A former union business manager for Allied Novelty and Production Workers Local 223 in New York and former president of Teamsters Local 810 in August 2016 pleaded guilty to soliciting and receive kickbacks to influence the operation of an employee benefit plan and commit theft of $1 million.
In another multimillion-dollar case, charges were filed on Jan. 9, 2017, against a former UAW president in New Jersey accused of hatching a scheme with a health insurance broker to steal $1 million from the union’s self-insured health plan and defraud Horizon Blue Cross Blue Shield of approximately $5.5 million.
Sergio Acosta oversaw the benefit plan for UAW Local 2326 and, authorities say, conspired with Lawrence Ackerman, who is accused of creating two shell companies to market health insurance to about 700 ineligible participants from across the country, New Jersey Advance Media reported. Acosta is accused of permitting ineligible participants to remain on the union's health care plan. No trial dates have been set. Each defendant faces up to 10 years in prison, if convicted.
“Unions are not unique,” said Peter Henning, a former federal prosecutor who teaches law at Wayne State University. “Another group hit hard by embezzlement are churches. You can’t train people to be ethical. It’s just access to money.” He added, "These people view themselves as overworked and underpaid. Well, I’ve just identified 80% of the country.”
Of course, so long as these union bosses continue to deliver their 100,000's of votes to the Democratic party we're certain that the likes of Bernie Sanders will continue to defend their role in stealing from helping unionized workers.
Here is the full report from the Department of Labor:
( At the link... )
https://www.zerohedge.com/news/2018-01-08/new-department-labor-report-reveals-rampant-embezzlement-union-employees-around-us
China stocks...
I am currently holding positions in 5 Navellier China recommendations.
DQ HTHT TAL BIDU JOBS
They have all made excellent gains.
Can We Afford Renewable Energy?
This article is a bit lengthly and has several interesting charts and graphs showing the cost of electricity derived from "renewal" sources as compared to other sources.
The bottom line is that Germany and Denmark have the highest use or contribution of renewable energy sources in Europe.
There is just one really big problem... The consumers in Germany and Denmark Pay up to 3 times as much for their electricity as compared to neighboring regions.
So the next time a bleeding heart liberal talks about "free" energy from solar and wind provide them with some facts.
https://www.zerohedge.com/news/2018-01-06/can-we-afford-renewable-energy
Americans Are Ditching These Five States In Record Numbers
Apparently surging violent crime, massive tax hikes and insolvent public pensions are bad for attracting new residents...who knew? On the other hand, 364 days of sunshine per year, minimal crime, brand new infrastructure and some of the lowest tax rates in the country seems to be, to our complete shock, somewhat appealing to folks looking to relocate.
But that is just a couple of many interesting takeaways to be gleaned from the latest annual "U.S. Migration Report" from North American Moving Services which found that Illinois was the most ditched state in 2017.
A quick review of the data above, combined with the more comprehensive domestic migration map below, reveals a few other interesting themes:
1. People continue to flee the indebted, pension ponzi burdened liberal states of America in record numbers, with Illinois, Connecticut, New Jersey and California all ranking at the very top of the most ditched states of 2017.
2. The natural migratory pattern of New England and California's liberal elitists seems to be toward cheaper and lower taxed states in the Southeast and Western portions of the country...go figure.
Of course, this data from North American shouldn't come as much of a surprise as we recently noted that Illinois lost a staggering ~125,000 residents in aggregate, or roughly 1 man/woman/child every 4.3 minutes for the entire year of 2017.
In fact, recent Census Bureau numbers also confirmed that the mass exodus from Illinois was the largest of any state in the country with lower taxed, lower cost of living states like Texas and Florida posting the biggest gains.
Meanwhile, adding insult to injury, the domestic migration out of Illinois was enough to push the state down one notch on the overall state population ranking tables to just below Pennsylvania. Per Illinois Policy:
Northeastern states - Connecticut has consistently been in the top 10 of outbound moves since 2013. It was #1 in 2013 and #2 in 2017. Pennsylvania, New York and New Jersey have also made the list consistently since 2013. Maine and Rhode Island have both gone back and forth in having more inbound and outbound moves over the years.
Southern states - South Carolina was in the #1 spot in 2013 and 2014, then started to slip down. They were still in the top 4 but lost their top ranking as the state with the most inbound moves. North Carolina beat South Carolina for the first time in 2016 and kept their rank in 2017. Tennessee, Georgia, Florida and Texas remained constant in the top 10 from 2013-2017. Overall, the Southern states have had more inbound moves than some of the other regions.
Midwestern states - Illinois has consistently been in the top 3 positions of outbound moves since 2013, getting the #1 position 3 times. Michigan has been on the top 10 list of states with the most outbound moves since 2013. Iowa consistently had more outbound moves than inbound until 2017, when it had more people move to the state than out of the state. Kansas has consistently had slightly more outbound moves, as well as North Dakota and Ohio. South Dakota has gone back and forth in having more outbound and inbound moves. Wisconsin was consistently having more outbound moves until 2016.
Western states - In 2013 and 2014, Idaho wasn't in the top inbound states. Then in 2015 it was #1. It remained #1 in 2016 and slipped to #2 in 2017. It is currently the nation's fastest growing state, with its population increasing 2.2% between July 2016 and July 2017. Oregon, Arizona and Colorado have consistently been in the top 10, with Arizona #2 for 3 years and topping at #1 in 2017. The western states also have had more overall inbound moves that the Midwest and Northeast
Of course, the overall trend of folks moving out of 'Blue States' and into "Red States' could spell disaster conservative politicians running in national elections...that is unless the folks ditching their over-taxed, insolvent, liberal bastions on the West Coast and New England actually understand that the conservative policies in their new home states are precisely what attracted them there in the first place...somehow we doubt that will happen.
Images from Zerohedge sometimes take hours before they show up at I-Hub... Check the link for some interesting charts and data...
https://www.zerohedge.com/news/2018-01-05/americans-are-ditching-these-five-states-record-numbers
Americans Are Ditching These Five States In Record Numbers
Apparently surging violent crime, massive tax hikes and insolvent public pensions are bad for attracting new residents...who knew? On the other hand, 364 days of sunshine per year, minimal crime, brand new infrastructure and some of the lowest tax rates in the country seems to be, to our complete shock, somewhat appealing to folks looking to relocate.
But that is just a couple of many interesting takeaways to be gleaned from the latest annual "U.S. Migration Report" from North American Moving Services which found that Illinois was the most ditched state in 2017.
A quick review of the data above, combined with the more comprehensive domestic migration map below, reveals a few other interesting themes:
1. People continue to flee the indebted, pension ponzi burdened liberal states of America in record numbers, with Illinois, Connecticut, New Jersey and California all ranking at the very top of the most ditched states of 2017.
2. The natural migratory pattern of New England and California's liberal elitists seems to be toward cheaper and lower taxed states in the Southeast and Western portions of the country...go figure.
Of course, this data from North American shouldn't come as much of a surprise as we recently noted that Illinois lost a staggering ~125,000 residents in aggregate, or roughly 1 man/woman/child every 4.3 minutes for the entire year of 2017.
In fact, recent Census Bureau numbers also confirmed that the mass exodus from Illinois was the largest of any state in the country with lower taxed, lower cost of living states like Texas and Florida posting the biggest gains.
Meanwhile, adding insult to injury, the domestic migration out of Illinois was enough to push the state down one notch on the overall state population ranking tables to just below Pennsylvania. Per Illinois Policy:
Northeastern states - Connecticut has consistently been in the top 10 of outbound moves since 2013. It was #1 in 2013 and #2 in 2017. Pennsylvania, New York and New Jersey have also made the list consistently since 2013. Maine and Rhode Island have both gone back and forth in having more inbound and outbound moves over the years.
Southern states - South Carolina was in the #1 spot in 2013 and 2014, then started to slip down. They were still in the top 4 but lost their top ranking as the state with the most inbound moves. North Carolina beat South Carolina for the first time in 2016 and kept their rank in 2017. Tennessee, Georgia, Florida and Texas remained constant in the top 10 from 2013-2017. Overall, the Southern states have had more inbound moves than some of the other regions.
Midwestern states - Illinois has consistently been in the top 3 positions of outbound moves since 2013, getting the #1 position 3 times. Michigan has been on the top 10 list of states with the most outbound moves since 2013. Iowa consistently had more outbound moves than inbound until 2017, when it had more people move to the state than out of the state. Kansas has consistently had slightly more outbound moves, as well as North Dakota and Ohio. South Dakota has gone back and forth in having more outbound and inbound moves. Wisconsin was consistently having more outbound moves until 2016.
Western states - In 2013 and 2014, Idaho wasn't in the top inbound states. Then in 2015 it was #1. It remained #1 in 2016 and slipped to #2 in 2017. It is currently the nation's fastest growing state, with its population increasing 2.2% between July 2016 and July 2017. Oregon, Arizona and Colorado have consistently been in the top 10, with Arizona #2 for 3 years and topping at #1 in 2017. The western states also have had more overall inbound moves that the Midwest and Northeast
Of course, the overall trend of folks moving out of 'Blue States' and into "Red States' could spell disaster conservative politicians running in national elections...that is unless the folks ditching their over-taxed, insolvent, liberal bastions on the West Coast and New England actually understand that the conservative policies in their new home states are precisely what attracted them there in the first place...somehow we doubt that will happen.
Images from Zerohedge sometimes take hours before they show up at I-Hub... Check the link for some interesting charts and data...
https://www.zerohedge.com/news/2018-01-05/americans-are-ditching-these-five-states-record-numbers
Good cartoon !
I thought BURG is the crypto burger ???
They give "rewards" paid in bitcoin
BURG is up 115% in premarket
Global warming...
Obviously the solution is to pour more money into the department of education!
Did Awans Cut A Deal? January Court Date Mysteriously Disappears From Docket
( A reminder... Debbie Wasserman Schultz was exposed via leaked emails about her activities re preference to elect HRC and depressing B. Sanders chances of winning the democratic nomination while she was head of the DNC. Imran Awan is thought to have very incriminating and damaging evidence that could destry the democratic party. She has gone to extremes protecting Imran Awan from congressional investigation. )
Luke Rosiak of The Daily Caller pointed out a mysterious twist in the case of Pakistani national and long-time DNC IT contractor, Imran Awan - who was arrested in July at Dulles Airport while trying to flee the country after having wired nearly $300,000 to Pakistan.
Awan's court date on four counts related to bank fraud, which had already been reschedule twice, has disappeared from the docket altogether:
Of note - Imran's wife, Hina Alvi - who had fled to Pakistan in March with the Awan children, struck a deal with federal prosecutors in September to return to the U.S. and face charges. One wonders why Alvi would willingly leave the relative security of her family in Pakistan to face arraignment in the United States?
To briefly recap, our report from last week, the Awan family - which was employed by quite a number of House Democrats, had full access to highly sensitive Congressional computer systems, both on-site and remotely from Pakistan, with which they are suspected of committing a variety of crimes - including brokering classified information to hostile foreign governments.
Of note, the Awans had access to the House Permanent Select Committee on Intelligence - whose members have top secret clearance and are looking into Russian election interference.
While the notion that Imran Awan cut a deal based on his name vanishing from the court calendar, Federal prosecutors certainly have enough evidence against the Awan clan to put them away for a long time. Perhaps they've decided they like the outside of a prison cell better than the alternative.
https://www.zerohedge.com/news/2017-12-28/did-awans-cut-deal-january-court-date-mysteriously-disappears-docket
Say it ain't so !
NY Gov Rips Trump Tax Bill: "Let's Pillage The Blue To Give To The Red"
It seems that Trump's tax plan has officially turned New York Governor Andrew Cuomo into a "trickle down" economics guy.
Apparently unhappy that the new tax legislation will result in higher taxes for the "millionaire, billionaire, private jet owners" of his state who have mortgages over $750,000 and annual property taxes of over $10,000, Cuomo said that the White House's efforts to "spread the wealth around" are nothing more than an effort to "pillage the blue to give to the red."
"Look, there's always politics in crafting of legislation. But, this was an egregious, obnoxious...what the Senate was saying is because we have no Senators from the 'Blue States' we don't care. So let's pillage the blue to give to the red."
"That's never been done in this nation before. That's partisan politicking over any semblance of good government."
"You want to hurt New York? You want to hurt California? They're the economic engines. How are you going to the grow the economy after your put a dagger in the heart of New York and California? It's all politics all the time."
And, just like that, we've now entered a bizarro world where 'up' is 'down', 'cold' is 'hot' and liberal Democrats no longer want to the wealthy to "pay their fair share".
Of course, as we've pointed out numerous times of late, the Trump tax bill signed into law last week limits the total deduction taxpayers can take for local, state and property taxes to just $10,000 and caps the interest deduction on mortgages to the first $750,000 of principal.
Not surprisingly, the change will hit wealthy taxpayers in high-tax, high-cost-of-living blue states like New York, New Jersey and California particularly hard as they will lose a significant portion of their itemized deductions.
All of which begs the obvious question: Could it be that the Left's "tax the rich" rhetoric was nothing more than an empty threat designed to draw populist support and win elections??? Say it ain't so....
Video att the link:
https://www.zerohedge.com/news/2017-12-28/ny-gov-rips-trump-tax-bill-lets-pillage-blue-give-red
Say it ain't so !
NY Gov Rips Trump Tax Bill: "Let's Pillage The Blue To Give To The Red"
It seems that Trump's tax plan has officially turned New York Governor Andrew Cuomo into a "trickle down" economics guy.
Apparently unhappy that the new tax legislation will result in higher taxes for the "millionaire, billionaire, private jet owners" of his state who have mortgages over $750,000 and annual property taxes of over $10,000, Cuomo said that the White House's efforts to "spread the wealth around" are nothing more than an effort to "pillage the blue to give to the red."
"Look, there's always politics in crafting of legislation. But, this was an egregious, obnoxious...what the Senate was saying is because we have no Senators from the 'Blue States' we don't care. So let's pillage the blue to give to the red."
"That's never been done in this nation before. That's partisan politicking over any semblance of good government."
"You want to hurt New York? You want to hurt California? They're the economic engines. How are you going to the grow the economy after your put a dagger in the heart of New York and California? It's all politics all the time."
And, just like that, we've now entered a bizarro world where 'up' is 'down', 'cold' is 'hot' and liberal Democrats no longer want to the wealthy to "pay their fair share".
Of course, as we've pointed out numerous times of late, the Trump tax bill signed into law last week limits the total deduction taxpayers can take for local, state and property taxes to just $10,000 and caps the interest deduction on mortgages to the first $750,000 of principal.
Not surprisingly, the change will hit wealthy taxpayers in high-tax, high-cost-of-living blue states like New York, New Jersey and California particularly hard as they will lose a significant portion of their itemized deductions.
All of which begs the obvious question: Could it be that the Left's "tax the rich" rhetoric was nothing more than an empty threat designed to draw populist support and win elections??? Say it ain't so....
Video att the link:
https://www.zerohedge.com/news/2017-12-28/ny-gov-rips-trump-tax-bill-lets-pillage-blue-give-red
What's always so surprising to me is that whenever there is a tax cut it's always for those that are actually paying taxes
Clowns helping clowns ???
Buy on the rumor sell on the news?
The tax reduction may be priced in already.
If they don't want their "Trump bonus" they can always contribute it to the IRS.
But don't hold your breath waiting for it to happen.
"Bitcoin To $50,000" Bet Revealed
A hedge fund paid $1 Million for a call option that Bitcoin will be at or above $50,000 by December of 2018.
Some interesting week end reading:
http://www.zerohedge.com/news/2017-12-22/hedge-fund-behind-mystery-50000-bitcoin-bet-revealed
Easy come easy go
"they are now being penalized for thier benevolence and will be taxed far more then event their fomer unfair portion. Meanwhile, the red states (overall), who already were receiving more they paid into the federal goverment, will now get even more.
Penalized for their benevolence???? You mean because they are paying their "fair share"...
The states you listed is where all the billionaires and millionaires live. Don't you want them to graciously give up some of their hard earned money?
It sounds like the liberal utopia has been achieved... The rich are paying more so that it can be distributed to those not as well off.
The train was going 81 MPH in 30 MPH max speed limit zone... Let''s all figure out how to blame this on Trump.
MEET Looks like I got my shares just in time last week.
Thanks to you and hweb2 for reminding me to keep an eye on this one.
"Ayock sure likes to make up stuff that is simply not true."
It seems that lying is in their DNA... They all do it.
"More BS from those who wrote the tax law to benefit political allies."
Congressman says Obamacare tanning tax is ‘racist’
"...the 10% tax for tanning beds discriminates against people on the basis of “the color of [their] skin.”
http://www.msnbc.com/the-last-word/congressman-says-obamacare-tanning-tax
There are endless examples of liberal money grabs that are designed to benefit those that vote for democrats. That's the biggest reason the democrats get any votes at all... it's certainly not because of anything they have done to improve the lives of their constituents.
"Don't cut off your nose to spite your face"
The democrats have completely destroyed this country... Trump is trying roll back some of the crap that Obama has subjected us to.
You ( we ) are light years ahead by paying slightly higher taxes if it means getting rid of a lot of the liberal crap that has infiltrated our lives. The liberal garbage that they expect us to go along with is disgusting.
The blockchain stuff is real and is here to stay. Just like the dot com stuff there will be winners and losers.
Coincase.com is a big player in crypto currencies and is about as reputable as you will find. I opened an account with them about 4 weeks ago and my modest amount has increased over 4X already. Their trading platform is GDAX.com
But, as the old saying goes... Easy come easy go.
Do some google on blockchain and crypto and you will find that there are real world applications for this technology... It's not just funny money.
For example:
http://www.zerohedge.com/news/2017-12-11/ubs-using-blockchain-soften-impact-mifid-ii