capitalism
capitalism
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- 1,511 Responses
- utopian2
Go America Go...You Be #1
- PhanLo2
Lolageddon
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- Gnash0
- I don’t understand this angle.monospaced
- the vegetables were picked by machines created in Japan and not Mexicans created in Mexico? who knows._niko
- Mexico makes the best Mexicans, support your local Mexico.i_monk
- grafician-2
"Trevor Milton, the billionaire founder of electric truck manufacturer Nikola, was hit with securities fraud charges from federal prosecutors in New York City on Thursday."
https://www.cnbc.com/2021/07/29/…
The man casually just posted $100,000,000 bail.
- grafician0
"Yesterday, Bernard Arnault passed Jeff Bezos to become the world's richest person.
Worth $193B, he has spent ~40 years building luxury giant LVMH. His success is described as a combination of "generational" vision with "Sun-Tzu" business tactics.'
- grafician1
GDP per capita in 2020
- ********0
Assuming I play the game correctly, I want to aim to do the following:
a) give my kids as much of my money as I possibly can BEFORE I die
while also
b) die with as much debt as I can possibly accumulate (from banks, lenders who aren’t family)
Am I wrong here? I might start calibrating towards this. I’m 40.
- forgive my ignorance (no kids, not inheriting much), but doesn't debt get passed on as well? like can banks pursue action against your kidscolin_s
- Lol if those fuckers think they’re coming to me looking to cover my moms debt?! Good luck to them********
- afaik dept can't pass to anyone else when you die, however, your estate can/may be wiped out to pay off your dept.bulletfactory
- the doug stanhope bit - 6 years after his mom died (statute of limitations) about maxing out her credit after she died is quite beautifulkingsteven
- That’s correct. Your estate pays your debts first, then anything left over is inheritance to someone********
- Whoever is executer of the will has the legal responsibility to satisfy debts first before distributing and assets. If there is no will this is done by the Gov.Morning_star
- So, the plan is to give that money to your kids before you die while racking up debt that you’ll never have to pay back.********
- You could technically hide money overseas in a trust that is controlled by both you and the kids. However, the tax man will be particularly observant if they...Morning_star
- ...know a parent has recentky dies. It can be very difficult for kids to realise the funds without Gov. knowing.Morning_star
- Also, giving money to your kids whilst you're alive is difficult due to income tax or capital gains.Morning_star
- I think the idea is the exact opposite: Give as much to kids as possible AFTER you die. Die with as little debt as possiblemonospaced
- @mono that is one strategy, for sure. I'm talking about the inverse approach. Utilize debt to maximize personal net wealth********
- @Morning_Star: I hear you, and I think you're right. But you can give $15k to each child per year without triggering a tax event.********
- So, say I live 30 more years & have two kids. If I gift $15k/year to each, I can give a total of $900,000 without telling the IRS.********
- It's not great but better than hoarding for 30 years and losing 15% or more to taxes. Meanwhile, I borrow for my own needs with no intention of paying off debt********
- I'm aware that this becomes hard to do as you get old. E.g.: a 70y/o can't get a mortgage without having a young person co-sign.********
- @nb, the $15k yearly gift is a good way, my parents have done something similar with my kids. They’ve stipulated that the kids invest the money and...Morning_star
- ..don’t touch it until they’re 21.Morning_star
- Borrow at fixed rate low interest, eg for your house. meanwhile put savings into BTC. by time you die, kids can use 1% of the BTC they inherit to payoff home.shapesalad
- Your kids get the debt too. You don’t want to give them that if you can help it. I don’t see how this is a real strategy. Or else you’re totally sarcasticmonospaced
- If you have less than zero when you die, the debt isn’t passed to your children.********
- so im mostly ignorant here, but isnt a trust fund for kids seprate and untouchable? also im a photog so "paying" kids as "promo models" is common among us.epigraph
- Debt is inherited of course. It isn’t forgiven upon death.monospaced
- I suppose if you are talking philosophically one could say debt is passed on. not sure thats the case in the legal sense innthe US.epigraph
- @monospaced: not in the USA. If you owe more than you have when you die, the debt is wiped clean.********
- *googling how to take your own death.pango
- *fakepango
- @kingsteven lol I did this, in part, before I left the UK. Put a shitload on credit cards then bailed overseas. Good times.face_melter
- Sorry, debt is not erased, it is passed on. If nobody can pay it, they take it from your estate. Children can inherit that and mortgage debt too.monospaced
- This is very true in the USA, of course, and is why so many people are forced to take out life insurance policies, and why deaths are so costly.monospaced
- Have you googled this? I think you’re wrong********
- They take it from your estate but if your estate doesn’t have enough to cover the debts, they do not get passed on. It’s similar to declaring bankruptcy********
- I don't need to google it. But if I did, it would say that debt is not erased and is paid for by the estate, which is the children.monospaced
- Hmmm, I don't think it's that simple. All I have are anecdotes about how the estate debt is a burden on the executors.monospaced
- Your kids are not part of your estate FFS! They’re people!!!********
- colin_s4
- wrong thread. belongs to: https://www.qbn.com/…sted
- wrong thread. belongs to:
https://www.qbn.com/…utopian
- Milan6
- here it issted
- nice. decapitate the producershotroddy
- The ignorance is strong in this one. But you just keep going with your calls for violence and murder.Morning_star
- Like they won’t come for designers.doriangrey
- @Morning_star
that's the symbol of working-class resistance and a reminder for the rich what public anger can do (yeah that might involve some killing).sted - As we have seen recently in this current climate of 'news as entertainment' and 'opinion as fact', public opinion is just that. Opinion and nothing more. ...Morning_star
- ...Show me the policy, the manifesto, the coherent thought that rationalises beheading people. It's nothing more than Diet ISIS.Morning_star
- you know in america they tie people to chairs and electrocute them multiple times until dead? the guillotine is humane in comparison and was the standardkingsteven
- method in france where it was eradicated in 1981 after 4 years of not being usedkingsteven
- @king Actually we mostly run with the good ol' lethal injection these days. Due to increasing scarcity of some of the ingredients of the cocktail, the processgarbage
- ..can be much much worse. There's a sense of burning and eventually a pulmonary edema which creates a drowning sensation, like you're being waterboarded..garbage
- ..and there are cases of it taking almost 2 hours to kill a person.garbage
- It's not the method that's the problem. It's the (impotent) suggestion that mob justice is acceptable. "Strange fruit hangin' from the poplar trees"Morning_star
- Most states allow nitrogen hypoxia which is basically an exit bag. A few states allow a firing squad or hanging if the right criteria are met. USA! USA! USA!garbage
- hah, nuts. nitrogen hypoxia is a good juxtaposition for the strength of symbolism of the guillotine. perfect trade-off of mechanical terror and humaneness...kingsteven
- @morning Oh I agree that death row is an impotent deterrent of crime. "Strange fruit" is a much different and more sinister tool of intimidation.garbage
- It's really hard to know when to stop decapitating people, I think that's the problem.PhanLo
- i_monk1
- https://i.imgur.com/…PhanLo
- Lol! Fox News viewers think it’s somehow a foregone conclusion that people must work low-paying jobs. Actually, that’s sad.********
- Salarrue2
if you're battery level is below 20% Uber and Lyft will purposely hike up the prices because they believe you'll be desperate enough to take it since you're battery levels are low
- if you use another phone with 80% battery at the same place with the same destination it's the same prices, chill
it's midnight, ofc the prices are high afgrafician - It specifically says under 20%, so 35% and 80% are basically the samemonospaced
- It’s clearly double cost under 20% at the same time and for the same trip. If this image is to be believed.monospaced
- then wait until after 4AM and you'll get a lower fee duh
nothing to do with battery life on your phone, it's just supply and demandgrafician - or even wait 'till 5AM and take the metro ffsakegrafician
- no, it's based on battery level, it's the same demand, how are you not getting this?monospaced
- it's not the same time, it's ten minutes apart. Prices change a lot.********
- Also how did this user go from 32% to 18% in ten minutes?********
- if you use another phone with 80% battery at the same place with the same destination it's the same prices, chill
