EppsNet Archive: Money

Thomas Jefferson on the Midterm Results

 

My fellow Americans – I thought Republicans would fare better than they did in the recent midterm elections. My reasoning was that Joe Biden and his administration have taken so much away from us that Americans would never vote to continue down the same path. Some of my readers may be financially well-to-do. If you fall into that group, I ask that you consider some of what I’m about to say from the perspective of the majority of your countrymen who live near, at or below the median level of income. Biden has taken away the ability to buy a tank of gas at an affordable price. the ability to buy groceries without gasping in shock at the total cost. the ability to retire comfortably. Retirement accounts have been drained due to the performance of the investment markets and inflation rates have gone through the roof. The ability to retire… Read more →

Let’s Go, Brandon!

 

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Musk vs. Markey: A Battle of Wits With an Unarmed Man

 

.@elonmusk could respond to my tweets but failed to respond to my letter by yesterday’s deadline and answer basic questions about Twitter verification. Congress must end the era of failed Big Tech self-regulation and pass laws that put user safety over the whims of billionaires. https://t.co/BEn6n9EitW — Ed Markey (@SenMarkey) November 26, 2022 Pardon me for stating the obvious but Senator Ed and a lot of other pissy little congresspeople were fine with Big Tech’s self-regulation when that meant censoring people and ideas that they didn’t like. They’re also fine with the whims of billionaires like Zuckerberg, Soros, (former billionaire) SBF and so on when those whims include making massive donations to Democratic candidates and causes. A quick Web search on Ed Markey reveals that he went to law school, went into politics, has apparently never done a productive day’s work in his life, but he wants to tell the… Read more →

Schadenfreude

 

Now that a federal appeals court has blocked the Biden student debt relief program, I have to admit that I really like to see people make terrible decisions and have to face the consequences, like taking on a colossal debt load in order to obtain a college degree with no commensurate value. I bet the Germans have a word for that. Germans have a word for everything. Read more →

All You Need is Love?

 

We saw The Beatles LOVE by Cirque du Soleil in Las Vegas. It was a fun show. My only quibble is that there’s about the right amount of buffoonery for, say, a Marx Brothers tribute, but a little too much for a Beatles show. A friend tells me his favorite Beatle is John, followed by George, which I’d say are not bad choices. I’ve always thought George was underrated as a singer-songwriter compared to Paul. One thing that always bothered me about John is that he was telling people that all they need is love, while he himself had a fondness for fashion, drove a Rolls Royce and lived in the most expensive building in New York. I’m not aware that anyone ever asked him about the apparent contradiction but it would have been a good question: “You’re telling people who may be living on the street or can’t afford… Read more →

Student Loan Prediction

 

I don’t think that’s a good prediction but it’s probably a good idea to make the prediction for the benefit of gullible idiots, aka voters. How much is loan forgiveness going to cost? $400 billion, something like that? Unless I’m very much mistaken, the president can’t just decide to spend $400 billion without the consent of Congress, which he doesn’t have. That’s not the way the system works. Time will tell . . . Read more →

Tom Brady, Gisele Bündchen File for Divorce

 

I may be ignorant about crucially important details obviously but it seems like the main problem from Ms. Bündchen’s point of view was that her husband had a job. First, I’m super against divorces for people with minor children. Second, there are just few if any people who are as physically attractive as Tom Brady, have the charisma of Tom Brady, have as much money as Tom Brady, and are as good at their job as Tom Brady. So if she’s thinking she’s going to upgrade her spouse, she’s almost certainly deluded or getting bad advice. On the other side, I can’t help thinking that Tom Brady would be able to choose from any number of fabulously attractive women to enliven his social life. Read more →

The Right Side of History?

 

No, are you a mental patient? I'd like to retire but can't because my 401(k) cratered and inflation is thru the roof. But keep drinking the Kool-Aid, MFer. https://t.co/K0mPszyWL0 — Paul Epps (@paulepps) October 23, 2022 Read more →

The Unknown Millionaire

 

I’m buying a soda at a local convenience store, waiting while the guy in front of me buys about 50 dollars worth of scratcher tickets. After I pay for my soda and head out the door, I see the same guy leaning against the wall and he asks me for spare change. “For what?” I ask. “More scratchers? You haven’t even scratched the ones you have. You might be a millionaire and not even know it.” Read more →

It Wasn’t Much Good for Reading, But . . .

 

I recently read Omon Ra, a Russian novel that I’d heard good things about. I didn’t really like it at all. This afternoon, I saw some kind of a large black pincher bug on the living room carpet. My copy of Omon Ra was lying nearby and I picked it up and smashed the bug with it. So I can’t say that the book was a complete waste of money . . . Read more →

Even the Price of Getting Up is Going Up

 

A friend and former colleague is telling me about a recent trip to a massage parlor . . . “She offered to take her clothes off and give me a hand job for $140. A hundred and 40 dollars?!. “I said, ‘I can get a hand job for $60, if you’re gonna disrobe, I can add another $20, maybe $40.’ “‘Come on,’ she says. ‘Help me out.’ I told her to just massage my feet. “Is this inflation or what? I can’t get a naked woman to jerk me off for less than $140?! I’ve had full service for $120. Man, fuck Joe Biden.” Read more →

A Couple of Thoughts on Student Loan Debt

 

I’ve taken out mortgage loans, auto loans, acquired some credit card debt . . . am I forgetting anything? But I’ve never acquired debt and not paid it back. It never occurred to me to do that.   Transferring student loan debt seems like subsidizing irresponsibility. What happens when you subsidize something? You get more of it.   I saw the Secretary of Education being interviewed and although I don’t remember his exact words, he seemed to blame the whole thing on the COVID pandemic. He said it was his job (or the government’s job) to make sure that people can bounce back from that and not be crushed by their student loan payments. I’d like to ask him where he got the idea that it’s the job of the federal government to make sure that citizens don’t suffer financial hardships. In the early days of our country, many people… Read more →

The Jerry Hall Problem

 

Sylvester Stallone’s Wife Jennifer Flavin Files for Divorce After 25 Years of Marriage – people.com Women have got it made, my friends. No matter what you hear about sexism, glass ceilings, misogynist Republicans, etc., men can’t do what Jennifer Flavin (and others) can do, i.e., marry a rich, older spouse, get divorced, take a windfall profit, and still have a lot of good years ahead of you. Flavin is 54. Her soon-to-be ex-husband is 76. I read the other day that Jerry Hall filed for divorce from Rupert Murdoch. I didn’t even know she was married to Rupert Murdoch. I know she was Mick Jagger’s partner for long enough to have four kids with him. The child support from someone of Mick Jagger’s wealth, while I don’t know exactly what it is, has got to provide a very handsome income stream. Jerry Hall is 66 years old. She looks good… Read more →

I Heard the News Today, Oh Boy

 

I’m getting a little tired of presidents of the United States repeating things that could only be spoken by an idiot or a liar, and then trying to intimidate people out of contradicting them. The latest (though of course not the most egregious) offender is one Joseph R. Biden, who told the country today that he can raise corporate income taxes without imposing any additional tax burden on anyone who earns less than $400,000 a year. Because in the United States of America, nobody with an income under $400,000 owns any stocks or mutual funds. And if you disagree, he’ll stare you in the face and repeat himself. — Steven Landsburg Joe Manchin has also taken up the banner on this. I don’t know enough about Manchin to say whether he’s economically illiterate or a liar or both. (I don’t think Biden is an idiot but I do think he’s… Read more →

Don’t Waste Your Money on Something Stupid

 

First Son spent $30k in five months on ‘the girlfriend experience’ — dailymail.co.uk Hunter Biden spent $30,000 in five months on prostitutes, I can’t find in the article how much he spent on crack in the same period, and what did he do with the rest of his money? Probably just wasted it on something stupid . . . Read more →

5 Reasons We’re Not Helped by More Gun Laws

 

The most common statistical sleight of hand when it comes to showing charts of gun murder rates per capita by country, with the United States always in the lead, is that these charts, somewhere in the fine print, and sometimes not at all, note that they’re only charting so-called “developed” countries, meaning that the U.S. is being compared to countries like Japan and France, but that Latin American countries and African countries, among others, are left out. So — 50+ people shot to death in a Nigerian church? Doesn’t count because Nigeria is not a “developed” country. And so on. (The other thing you have to pay attention to is whether a chart is showing gun murders or gun deaths. The U.S. has a very high suicide rate compared to most other countries — more than 60 percent of our gun deaths are suicides — so rolling the suicides in… Read more →

A Moment of Love

 

Everything was worn out about people: they complained about debts; they were involved in gossip; they had five-storied houses built; they traded in large objects; they bought ships, mines, vineyards; at bridge parties they lamented worriedly and falsely about being too busy; everybody talked about his work, whereas, in fact, nobody did anything; people played bridge and for whole nights groaned for a moment of love. — Miroslav Krleža, On the Edge of Reason Read more →

How Can You Do Good With Someone Else’s Money?

 

The essential notion of a capitalist society is voluntary cooperation and voluntary exchange. The essential notion of a socialist society is fundamentally force. If the government is the master, you ultimately have to order people what to do. Whenever you try to do good with somebody else’s money, you are committed to using force. How can you do good with somebody else’s money unless you first take it away from them? The only way you can take it away from them is by threat of force. You have a policeman, a tax collector who comes to take it away from them. Whenever you use force, the bad moral value of force triumphs over good intentions. — Milton Friedman Read more →

Joe Biden Believes in Hard Work and Ingenuity?

 

Joe Biden believes that there’s no greater economic engine in the world than the hard work and ingenuity of the American people. But for too long, the economy has worked great for those at the top, while working families continually get squeezed. — President Biden Announces the Build Back Better Framework Joe Biden believes in hard work and ingenuity! Unless that hard work and ingenuity results in the acquisition of wealth, at which point aspiration and investment are to be punished. Read more →

Psaki: “Unfair and Absurd”

 

White House Press Secretary Jen Psaki claimed during Monday’s press briefing that it would be “unfair and absurd” for companies to raise costs on consumers in response to the Biden administration raising the corporate tax rate: Jen Psaki: It’s “unfair and absurd” that companies would increase costs for consumers in response to us taxing them more. ? pic.twitter.com/rHilrYdj4j — Jason Rantz on KTTH Radio (@jasonrantz) September 28, 2021 You can depersonalize the theft by saying “Well, it’s corporate tax rates — greedy corporations, you know.” You don’t need to be an economist to understand that corporate taxes, like any taxes, have to be paid by people:either shareholders, or employees in the form of lower wages, or customers in the form of higher prices. The money has to come from somewhere. “Unfair and absurd”?! Americans cannot be that dumb, can they? Read more →

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