Do>!n!<'t for>!get you’re!< her>!e forever!<
(alright that didn’t work)
Do>!n!<'t for>!get you’re!< her>!e forever!<
(alright that didn’t work)
It was always short sighted tax policy. We’re just living with the blowback.
But in 1954, apparently intending to stimulate capital investment in manufacturing in order to counter a mild recession, Congress replaced the straight-line approach with “accelerated depreciation,” which enabled owners to take huge deductions in the early years of a project’s life. This, Hanchett says, “transformed real-estate development into a lucrative ‘tax shelter.’ An investor making a profit from rental of a new building usually avoided all taxes on that income, since the ‘loss’ from depreciation canceled it out. And when the depreciation exceeded profits from the building itself—as it virtually always did in early years—the investor could use the excess ‘loss’ to cut other income taxes.” With realestate values going up during the 1950s and ’60s, savvy investors “could build a structure, claim ‘losses’ for several years while enjoying tax-free income, then sell the project for more than they had originally invested.”
Since the “accelerated depreciation” rule did not apply to renovation of existing buildings, investors “now looked away from established downtowns, where vacant land was scarce and new construction difficult,” Hanchett says. "Instead, they rushed to put their money into projects at the suburban fringe—especially into shopping centers.
http://archive.wilsonquarterly.com/in-essence/why-america-got-malled
But Slightly More Rotting Corpse has the better environmental policy which we’ll need before the last remnant of Florida is fully swallowed by the sea in the next 4 years.
The “spandrel hypothesis” is the front runner explanation. Essentially we didn’t evolve to have chins but rather evolved other things that are helpful, and the chin is a byproduct of that other evolution. Not harmful so it didn’t get selected away, but not helpful.
The actual reason why is that everyone was expecting Hillary to win and she had vowed to “end private prisons.”
So everyone was calculating in a 90% or whatever chance Hillary wins, with some percentage chance she actually fulfilled her promise. Instead they got a 100% chance they would stay around for 4 years and probably get a tax cut. Pretty big adjustment is appropriate.
(Also old 2016 articles about Hillary are so quaint. They even mention Obama closing Guantanamo lmao)
Yeah the guy who was going to pass permanent corporate tax cuts and temporary individual tax cuts, funded by chaining individual tax brackets so taxes go up for individuals after 10 years, won. That’s great for corporate profits. And great for the 10% who own 90% of stocks.
It’s horrible tax policy and detrimental to the majority of Americans but it absolutely should make stocks increase.
The one example I’m familiar with is a name brand ice cream company that produces the store brand ice cream too…in that case the recipe is different, cheaper ingredients to cut costs to the bare minimum. But using the machines for a higher volume saves money.
I’m sure ‘same exact item’ does happen too but just ‘same manufacturer’ doesn’t mean exactly the same item.
Can’t believe Harriet Tubman got all that infrastructure up.
I feel like weight class doesn’t do it. Women have higher body fat %. Is a welterweight woman athletically equivalent to a welterweight man? I don’t think so.
What does it even mean “one less account to track?” The money is still coming from a bank account, if you track the money in your account you would still have to account for a check, and it would be even worse if the check isn’t cashed right away.
Is it that you don’t have the monthly credit card bill if you send a check? But you’re spending the same amount of money regardless, checks are more like one-off credit card transactions, that don’t confirm payment like a credit card does. Checks are worse for the payment-neurotic. That’s maybe an argument for debit cards, it’s not an argument for checks.
And Trump just copied the slogan from Reagan anyway.
Needs to be narrower. Nobody should be proud of being from where they are from because they are from there. It’s not inherently good to be from any particular place.
But you’re allowed to be proud of your local community because of things they have done regardless of whether you were born there or not.
I was a mod of a decent sized sub until an admin came in and…somehow…convinced the top mod to make the admin top mod. Left a bad taste in my mouth for sure.
With enough approval, the US could do anything. It’s either Constitutional or it would be Constitutional after an amendment is passed and approved.
Hmm is removing internet access to your AI girlfriend considered abuse?
Digg is ironically decent as a random article curating site now, no voting or anything just whatever the owner wants up.
Yeah. Israel is copying that?
But if they fought I’d bet against the pointy stick guys and the syphilis guys.
Really? Must be service specific. Didn’t work on lemm.ee on the Connect app, not sure which is the reason.