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Joined 1 year ago
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Cake day: July 16th, 2023

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  • 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





  • I actually think you had a flawed process if you were projecting a Trump win in 2016, getting that “right” doesn’t impress me. Comey re-announcing new emails was 11 days before the election, there wasn’t time to see what people thought of it.

    Edit: The downvoters don’t remember the election. Clinton was winning basically every poll, her numbers peaked after the Access Hollywood tape and dropped from that peak, she was still winning polls by 4 points on election day. There are vagueries of voting behavior based on weather in different locations and the vote was super close in the swing states. Even with perfect state by state information adjusted by poll error, it was less than 50/50 Trump would win. It was a bad prediction.

    It happened to happen, because things with 40% odds happen 40% of the time, but predicting the 40% outcome is bad process.




  • So, obviously, people don’t generally change their legal gender for an advantage somewhere. But if they do, that’s a pretty good sign, not that it’s too easy to change your gender, but that there’s a gender bias in the law.

    So arguably, the easier it is to change your legal gender, the less of a problem gender-based affirmative action is. Conservatives must love this! End liberal overreach in one easy step!


  • I think it’s clear he’s a fan of Apple and Tesla but he does make negative statements about them, the Cyber truck was not a positive review and he always criticized the fit and finish of Teslas. And he critiques Apple’s idiosyncracies like the proprietary charger and lack of calculator app on the iPad.

    I guess my point is that he’s not a journalist he’s a reviewer, we are tuning in for his judgement, his opinion. If he personally likes the products from a certain company, that’s not a bias that impacts his capacity to do his job well.

    Like movie reviewer giving Pixar a bunch of 10/10 reviews, and then criticizing Cars 2 as a mediocre cash grab. Maybe they are biased for Pixar, or maybe Pixar just puts out a lot of good movies. As long as you’re calling out the bad moves, that’s what we want from a reviewer.

    The fair concern is when he gets exclusive access like this, I don’t necessarily care about the puff piece interview but you hope it doesn’t influence his future reviews.







    1. It’s a very progressive district, that’s how she got elected in the first place. This is not a surprise.

    2. I bet my politics fit closer to the other guy, but I’d still vote for AOC between the two because she has a national influence and disproportionate power in the Caucus. If you’re actually voting to influence Congress towards helping your district in particular, AOC might get that done even if it’s secondary to her national political project. Some moderate guy in a safe D seat would absolutely never get anything for your district.