HURRICANES LOUNGE XLVIII

[Blueline Bomber]

You do realize that Trump is pushing for increasing the top bracket tax and eliminating taxes on SSI, OT, and Tips right?

You do realize that eliminating taxes on OT is ripe for abuse, right?

Any hourly, W-2 worker is eligible for overtime, no matter how much they earn. Employers could switch a highly paid executive to an hourly status and set their hourly wage so that, with overtime, they are being paid the same pre-tax salary as before—giving them an enormous tax windfall. A corporate CEO could be paid a $4,000 hourly wage and earn $6 million in overtime, which would not be taxed.

In addition, eliminating taxes on OT is going to cost the country billions. Creating a federal income tax deduction for overtime would cost an estimated $866 billion over the next 10 years. If the overtime exemption were extended to payroll taxes, the cost rises to $1.3 trillion, 77% of which would have gone to Social Security.

We already have evidence of the cost doing such a thing would be as well. In 2023, Alabama eliminated overtime compensation from state taxes. It's cost the state over $230 million already, and is projected to reach almost $345 million by July.

And if you seriously believe Trump is going to tax the wealthy, I have a recently crashed into bridge in Brooklyn to sell you.

 

[Navin R Slavin]

However, the robots will probably eliminate both jobs soon anyway. But it would have made the last 30 years less painful.

Will you believe in socialism when capitalism can no longer provide enough jobs to humans? Serious question, not trolling.

 

[MinJaBen]

Will you believe in socialism when capitalism can no longer provide enough jobs to humans? Serious question, not trolling.

When? Good arguments to be made it doesn’t work now.

 

[Lempo]

Will you believe in socialism when capitalism can no longer provide enough jobs to humans? Serious question, not trolling.

I understand the endgame in the Marxist theory is that the depelopment in technology would be such that people would not need to work because the machines were to do it all.

 

[Blueline Bomber]

I understand the endgame in the Marxist theory is that the depelopment in technology would be such that people would not need to work because the machines were to do it all.

Oh, I think I saw a film about that…

 

[Negan4Coach]

Will you believe in socialism when capitalism can no longer provide enough jobs to humans? Serious question, not trolling.

I guess it doesn't matter what I believe. I don't see any other option other than to provide a Universal Basic Income, hopefully funded entirely through a separate tax on AI and robotics, once enough jobs have been eliminated.

I don't have the same utopian fantasies about how that plays out in reality that some people I know do, however.

 

[WreckingCrew]

Will you believe in socialism when capitalism can no longer provide enough jobs to humans? Serious question, not trolling.

I'm sure the same thing was said 100 years ago before computers and the internet, those things were going to take everyone's jobs!! But instead, the jobs just evolved into something different. Robots/AI might replace assembly line jobs, but you still need people to program, fix, and maintain them. And it will eventually open up new possibilities and jobs that we can't currently forsee. If we get to the point where nobody needs to work because Robots/AI do everything, then yes, socialism can/should work. It generally works well on small scale (i.e. communes, small communities), or in a post-scarcity society/system (which is a LONG distant future away)...on a medium scale where there are outside influences (i.e. other countries) it's usually disastrous.

 

[Navin R Slavin]

It generally works well on small scale (i.e. communes, small communities), or in a post-scarcity society/system (which is a LONG distant future away)

How do you know it works well in post scarcity systems if we've never seen such a system?

Anyway. I hope a consensus develops around automation tax + UBI, because it's coming.

 

[MinJaBen]

How do you know it works well in post scarcity systems if we've never seen such a system?

Anyway. I hope a consensus develops around automation tax + UBI, because it's coming.

Doesn't matter what "consensus" wants if the guys with all the robots have all the money and the politicians in their pockets. That combination doesn't scream "tax me some more please".

 

[Navin R Slavin]

Doesn't matter what "consensus" wants if the guys with all the robots have all the money and the politicians in their pockets. That combination doesn't scream "tax me some more please".

At some point we'll see what a revolution looks like again. Political systems aren't stable forever. Especially when enough people start starving to death.

 

[WreckingCrew]

How do you know it works well in post scarcity systems if we've never seen such a system?

We don't know for sure, but in theory it should...if there's enough of every resource available for everyone to have all their wants/needs fulfilled then there's no need for money and people can do whatever work fits their desires or talents rather than being forced to just work for money (or I guess some people don't have to do anything like in Wall-E). Not that it really matters because we're an infinite time away from that point assuming we could actually ever even reach that point beyond getting asymptotically closer

 

[Borsig]

You do realize that eliminating taxes on OT is ripe for abuse, right?

Any hourly, W-2 worker is eligible for overtime, no matter how much they earn. Employers could switch a highly paid executive to an hourly status and set their hourly wage so that, with overtime, they are being paid the same pre-tax salary as before—giving them an enormous tax windfall. A corporate CEO could be paid a $4,000 hourly wage and earn $6 million in overtime, which would not be taxed.

In addition, eliminating taxes on OT is going to cost the country billions. Creating a federal income tax deduction for overtime would cost an estimated $866 billion over the next 10 years. If the overtime exemption were extended to payroll taxes, the cost rises to $1.3 trillion, 77% of which would have gone to Social Security.

We already have evidence of the cost doing such a thing would be as well. In 2023, Alabama eliminated overtime compensation from state taxes. It's cost the state over $230 million already, and is projected to reach almost $345 million by July.

And if you seriously believe Trump is going to tax the wealthy, I have a recently crashed into bridge in Brooklyn to sell you.

Spoken like someone who doesn't work it and every vacation they ever take or nice thing they do or have depends on it. Arguing against it means one of two things.

You don't earn OT and are salaried
You're a tax fetishist.

I would be simple to exempt it over say, IDK, 100 or 150K total gross. That eliminates your first argument. If you're arguing that allowing people to keep THEIR money that THEY earn when working over 40 hours a week and giving up their free time, somehow will be harmful to the state, well.... Yeah.


Full clarification, 20% of my gross income was overtime last year. I work hundreds of hours a year for it, to afford to do things we normally couldn't. Like pay f***ing 25.00 to park at PNC, and 300 bucks for a couple of uppers in my old home of 328.

 

[Borsig]

At some point we'll see what a revolution looks like again. Political systems aren't stable forever. Especially when enough people start starving to death.

Or disinfranchised.

And it IS coming and we WILL see it. Not sure if it will be in my lifetime or not. Not sure if it will be over food / water, money, or one too many lost liberties. But it will be one of the three.

 

[Blueline Bomber]

Spoken like someone who doesn't work it and every vacation they ever take or nice thing they do or have depends on it. Arguing against it means one of two things.

I would be simple to exempt it over say, IDK, 100 or 150K total gross. That eliminates your first argument. If you're arguing that allowing people to keep THEIR money that THEY earn when working over 40 hours a week and giving up their free time, somehow will be harmful to the state, well.... Yeah.

You don't earn OT and are salaried
You're a tax fetishist.


Full clarification, 20% of my gross income was overtime last year. I work hundreds of hours a year for it, to afford to do things we normally couldn't.

My job(s) are no secret. I've spoken about them both plenty of times on this board.

I do dog walking/pet sitting during the day (and in hockey's off-season), which is contract work. No OT, no salary, no taxes taken out until I pay the lump sum while filing taxes.

The job I work in the evening is my hockey job. It's hourly, part-time work (basically about 15-20 hours a week) and obviously, doesn't exist in the off-season. I also cannot remember the last time I've taken a vacation.

But please, tell me about what a great financial situation I'm in.

 

[Borsig]

My job(s) are no secret. I've spoken about them both plenty of times on this board.

I do dog walking/pet sitting during the day (and in hockey's off-season), which is contract work. No OT, no salary, no taxes taken out until I pay the lump sum while filing taxes.

The job I work in the evening is my hockey job. It's hourly, part-time work (basically about 15-20 hours a week) and obviously, doesn't exist in the off-season.

But please, tell me about what a great financial situation I'm in.

Strangely, If I lived in Raleigh I'd probably have you dog sit for me.

I have ONE person other than my dog sitter (who took us years to find) we have now who I trust and that's my mom.

Speaking of which, Haley had a serizure for the first time in 5 years friday night. Which, is why we can't trust just anyone for her. I still say to this day it's the f***ing heartguard doing it. She apparently spat out her pill, no one noticed, and the next day she had one. Didnt know until I saw the thing lying on the floor when I swept the kitchen that night.

 

[Jerkob Rantanen]

IMO, eliminating taxes on tips and social security was always a lie to secure votes. It's not going to happen under this administration, and I'll eat my hat if it actually does.

 

[WreckingCrew]

IMO, eliminating taxes on tips and social security was always a lie to secure votes. It's not going to happen under this administration, and I'll eat my hat if it actually does.

Dude, that's literally all politics are and politicians do...no different than forgiving student loans, tax cuts to people or corporations, serving lobbyists...it's ALL for votes and power (and if you think any politician gives 2 f***s about "the people" you're lying to yourself)

 

[Blueline Bomber]

Strangely, If I lived in Raleigh I'd probably have you dog sit for me.

I have ONE person other than my dog sitter (who took us years to find) we have now who I trust and that's my mom.

Speaking of which, Haley had a serizure for the first time in 5 years friday night. Which, is why we can't trust just anyone for her. I still say to this day it's the f***ing heartguard doing it. She apparently spat out her pill, no one noticed, and the next day she had one. Didnt know until I saw the thing lying on the floor when I swept the kitchen that night.

The company I worked for when I lived in Raleigh was Wag the Dog. I can't speak about the quality of all the sitters on their payroll, but the CEO/manager/owner is a very nice woman named Crystal who's probably the best boss I've had in my career.

And yeah, I can understand why having someone else look over your pet with medical issues is a scary prospect. I've been rather lucky in that regard. Even with pets that had previous medical problems, I've not had to deal with them while looking after them, for the most part. The one exception was last year, where an older dog had a seizure between the time the house sitter left in the morning and the time I arrived for the walk in the midday. I arrived to a medical emergency, and by the time I got him to the vet, it was too late. I know, logically, it's not my fault and there was nothing I could do, but it still sucked being the one to deliver that news to the client.

 

[Borsig]

IMO, eliminating taxes on tips and social security was always a lie to secure votes. It's not going to happen under this administration, and I'll eat my hat if it actually does.

It would happen if we had 60 votes in the senate and more than one extra in the house. Do that AND abolish the IRS?

It would be the modern equivalent of the civil rights act.


But we all know that won't happen so here we are.

 

[MrazeksVengeance]

@letsgrowcactus

HEY MATE.

Budu dělat GDT a budu “malinko” odbržděnej viz série s WSH. Tak brát s nadsázkou.

Jinak gratulace ke Kometě. 3 titles - NT, NHL and Extraliga. Not too shabby.

 

[letsgrowcactus]

@letsgrowcactus

HEY MATE.

Budu dělat GDT a budu “malinko” odbržděnej viz série s WSH. Tak brát s nadsázkou.

Jinak gratulace ke Kometě. 3 titles - NT, NHL and Extraliga. Not too shabby.

Hi

No problem - stačí se podívat na naše GDT, shitposting prostě k playoff patří Jinak já už se tu teď stejně moc nevyskytuju, zaměstnává mě devítiměsíční škvrně

Hoping for an exciting fun series without injuries!

 

[Negan4Coach]

I'm sure the same thing was said 100 years ago before computers and the internet, those things were going to take everyone's jobs!! But instead, the jobs just evolved into something different. Robots/AI might replace assembly line jobs, but you still need people to program, fix, and maintain them. And it will eventually open up new possibilities and jobs that we can't currently forsee. If we get to the point where nobody needs to work because Robots/AI do everything, then yes, socialism can/should work. It generally works well on small scale (i.e. communes, small communities), or in a post-scarcity society/system (which is a LONG distant future away)...on a medium scale where there are outside influences (i.e. other countries) it's usually disastrous.

Yeah I mean that is the hope, that it plays out like the past where the emerging disruptive technology creates more jobs than it eliminates. But like we say in the Army "hope in one hand and shit in the other and see which fills up first"

 

[Derailed75]

Full clarification, 20% of my gross income was overtime last year. I work hundreds of hours a year for it, to afford to do things we normally couldn't. Like pay f***ing 25.00 to park at PNC, and 300 bucks for a couple of uppers in my old home of 328.

Damn 3 bills for a set of nose bleeds? You need to go to games against different opponents! I didn't make a game this year but I usually try and go to games against the Sharks, Yotes type teams and have been getting resell tickets for around 30-50 bucks each.

I have seen the Hab-nots in 03, Hawks, and Wings while they both sucked for cheap and would love to complete my 06 set but damn if I'll pay that kinda money to see the Bruins, Rags, and Leafs.

 

[Derailed75]

The company I worked for when I lived in Raleigh was Wag the Dog. I can't speak about the quality of all the sitters on their payroll, but the CEO/manager/owner is a very nice woman named Crystal who's probably the best boss I've had in my career.

And yeah, I can understand why having someone else look over your pet with medical issues is a scary prospect. I've been rather lucky in that regard. Even with pets that had previous medical problems, I've not had to deal with them while looking after them, for the most part. The one exception was last year, where an older dog had a seizure between the time the house sitter left in the morning and the time I arrived for the walk in the midday. I arrived to a medical emergency, and by the time I got him to the vet, it was too late. I know, logically, it's not my fault and there was nothing I could do, but it still sucked being the one to deliver that news to the client.

That sucks man sorry to hear that. Don't know how long you looked after that dog, but even when I haven't had my own I have grown close to my relatives pets and seeing them pass hurts too, maybe not as much as your own but still.

 

[LakeLivin]

For some people, their dog is a pet. For some where I live (out in the sticks), their hunting dogs are more like livestock.

For others, their dog is family.