Paul Krugman shyts on bitcoin
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the cac mamba
Veteran
isnt that market disgustingly out of control and inflated?
88m3
Fast Money & Foreign Objects
Yes, but it's leveled out a lot and has been correcting the last two years. Other devices could have been used to control the market in NYC. The tax plan and loss of SALT is going to cause chaos and really hurt all homeowners and as it's Americans main asset and the incentive has always been real estate in this country. People will get hit with a doubly whammy, with the loss of SALT sans 10k Americans taxable income will increase while their primary asset(often only asset) will decrease in value due to market forces. There will also be larger ripple effect on local and state government budgets and debt. I think this could be worse than 2008.
the cac mamba
Veteran
interesting
but lets be honest at the bolded; if theres another way of making state and local democrats lower taxes, im almost positive that no one on earth knows what it is
what are these other devices, and why are they not being used in NY/CA etc?
88m3
Fast Money & Foreign Objects
interesting
but lets be honest at the bolded; if theres another way of making state and local democrats lower taxes, im almost positive that no one on earth knows what it is
Well other ways to solve the market issues would be denser construction and zoning considerations geared towards housing, Treasury Department recently put tougher money laundering regs in place(good start), less tax incentives for ultra luxury developments, tax reform on condos and co-ops(their taxes are too low), increase the price and performance of EB5 funding, and there's probably some other things I'm not thinking of I haven't had my coffee yet.
Edit: They also been combing municipalities and services the last few years where a lot of savings can be found. I'm not sure how it is in other states but we have a lot of historical overlapping entities ie villages, towns, hamlets etc..
Well at the state and local level there are responsibilities that have to be funded it's fairly complicated but the property taxes have been capped for years at 1.5% or something similar. School taxes aren't capped but are voted on. I think Medicaid is put on individual counties depending on the number of recipients. At the end of the day low taxes are great but I'd rather have a greater standard of living and services than low taxes and the problems often associated with it. I also have to point out taxes are higher in suburban NY than in NYC. For instance in NYC you could have 10k a year in property taxes on a 900k plus house where in Long Island, Westchester, Capital Region you could have a 600k house and 10k a year in property taxes.
At the end of the day the local taxes/debt isn't the really the problem, the problem is the elimination of SALT and states/taxpayers that have local taxes getting soaked by this tax bill.
I'm not familiar enough with California but suburban sprawl comes to mind
Crayola Coyote
Superstar
In the past week, I've made a thousand real US dollars on Bitcoin. Is that a dream?
fukk it. Eat Breh!
Crayola Coyote
Superstar
THIS!
Crayola Coyote
Superstar
Oh... cause these clowns sit online all day trolling black people, hating women and playing Call of Duty n go back to red duct n ***** talking shyt about black people
Meta Reign
I walk the streets like, ''say something, n!gga!''
The real Bitcoin breakdown. . .
Cryptos are here to stay because they are integral parts of a larger conspiracy. . . Yea, I know, I know. Just follow.
We all know there is a push to digitize ALL currency. The ONLY real way to have the world accept this is to have it become more valuable than cash at some point. Soooo. . .
At some point we will see central banks building baskets of cryptos. Once that happens they will be accepted all over the place. It will be as easy to buy shyt with btc as it is your amex. Then major currencies will start collapsing for many reasons. . . But not the cryptos. Cryptos are to be the one world currency they want to usher in.
Bitcoin is volatile, but don't be fooled. It will be worth sooooo much more in the coming years.
Cryptos are here to stay because they are integral parts of a larger conspiracy. . . Yea, I know, I know. Just follow.
We all know there is a push to digitize ALL currency. The ONLY real way to have the world accept this is to have it become more valuable than cash at some point. Soooo. . .
At some point we will see central banks building baskets of cryptos. Once that happens they will be accepted all over the place. It will be as easy to buy shyt with btc as it is your amex. Then major currencies will start collapsing for many reasons. . . But not the cryptos. Cryptos are to be the one world currency they want to usher in.
Bitcoin is volatile, but don't be fooled. It will be worth sooooo much more in the coming years.
No, its just the phd yale economist train of thought coming into play. Nothing elitest.
Too many people have been banned for stupid reasons. Way too many people banned. It's starting to piss me off.
This is why they hate Crypto:
ANDREAS TREICHL
Chief executive officer, Erste Group Bank AG
11/30/2017
“I’m not” a bitcoin believer. “My kids think I’m really stupid ... they could have made a lot of money and I didn’t allow them to invest in it ... It’s fascinating but it will make central banks lose control, and they are not going to let this happen. At some point in time, maybe at $20,000, $25,000, $30,000, somebody will say ‘Stop!’”– 11/30/2017
[SOURCE]
ANDREAS TREICHL
Chief executive officer, Erste Group Bank AG
11/30/2017
“I’m not” a bitcoin believer. “My kids think I’m really stupid ... they could have made a lot of money and I didn’t allow them to invest in it ... It’s fascinating but it will make central banks lose control, and they are not going to let this happen. At some point in time, maybe at $20,000, $25,000, $30,000, somebody will say ‘Stop!’”– 11/30/2017
[SOURCE]
Domingo Halliburton
Handmade in USA
Where's the next stop? $1,500?
