Lurker > WingsOfGood

what is a bank run

...what kind of weird protest is that?

I hope workers get blamed more

They hire a lot of extra help during the holiday season. They usually take a few months to get around to letting them all go.

Ah yes. The only way to lower inflation is to lower wages and fire more people. Yet multiple companies are experiencing record profits >_>

It probably depends on the DoB of hygiene poptarts

Reducing the paycheck is the answer.

If the guy making 100k just took a hit then his spending power would go down.

Is that what you care about? Watching it now, paying for an official view even

You can't just post a shitpost-bait topic-title, then have the only content be a youtube video.
It's under five minutes this time, but still.

Some jobs are basically a reward. Any more questions?

It's just something you have to accept, when being capitalist.

Capitalism solved the Tragedy of the Commons, by eliminating the commons.
Everything that benefits the poor, benefits the rich even more.

Explaining what the problem is isnt an endorsement for the problem.

He was simply explaining why blanket statements like Tax the Rich get no traction.

Understanding how the system works doesnt mean you support how the system works.

Really depends on what we are calling "seizing equity in private companies."

Because people like Musk and Bezos seized wealth through not actually paying taxes on shit normal people have to pay taxes for.

So this idea of changing the tax system to actually start taxing the rich is somehow "unfair" to the rich is a load of bullshit the rich tells the poor. The most mind blowing part is so many of the poor falling for such bullshit.

"I didn't make a lot of money last year so that's why I didn't pay much taxes. Now excuse me while I buy mansions, take out loans you can only dream of, buy crazy expensive cars, and even claim "bankruptcy" /tax breaks / loopholes on my flopping business(es) that would definitely fuck your poor asses over . Oh but please remember people, I'm too broke to be taxed on my modestly small income. "

We have actual poor and middle class people defending the stupid rich like that's going to be them one day, and actually fooled into thinking the rich are smart, hard working business people that totally seized wealth through channels available to their in comparison poor ass.

I'm definitely in favor of closing loopholes that allows the Murdochs, Bezos, Zuckerberg, Musks of the world to not be able to seize wealth from things like pretending they made a small income.

The current tax system heavily favors the rich and is heavily against the poor and even middle class.

If anything, this illustrates how income and wealth taxes on everyone else is utter bulls***.

....that doesn't help the defense for billionaires.

What blows my mind is the brainwashed saps who fall for the argument that "people like Elon doesn't have access to tons of money so he shouldn't be taxed on it."

The argument that hes totally not making all that money, but in the same breath he can make wildly expensive purchases like Twitter, cars, and any other extravagant items he wants...... oh but he's totally not seeing those gains.

People can't claim he's not seeing gains, yet he's able to live a lifestyle that clearly shows he's most definitely seeing gains.

The people that defend the current system falsely think the system is not heavily skewed towards people like Musk. When it most definitely is.

I would LOVE LLOVE LOVE LOVE LOVE to see the two universes connected. I dont really understand why they didnt bend part 6 to make that work. It was 95% there already.

SBR and Jojolion are too good to exist in a world where Joseph Joestar never existed.

It doesn't really matter. The point is that Jesus DIDN'T do it. And a messiah is required to.

Ergo, Jesus is a false messiah. And his religion is a false one, one that worships a theological lie.

$10k a day was your topic's original premise dude. Elon's compounding gains beating your linear one is just common sense. Your topic is disingenuous as are you.

if you make $10k a day

Yeah, that's not gonna go over well

Among the military items China has been considering shipping to Russia are drones, ammunition and other small arms, according to a list that has circulated inside the administration and on Capitol Hill for months, according to a person who read that document. And intelligence briefed to officials in Washington, on Capitol Hill and to U.S. allies across the world in the last month, suggests Beijing could take the step to ship weapons to Russia.
We do see [China] providing assistance to Russia in the context of the conflict. And we see them in a situation in which theyve become increasingly uncomfortable about the level of assistance and not looking to do it as publicly as might otherwise occur and given the reputational costs associated with it, Avril Haines, the U.S. director of national intelligence, said in a congressional hearing March 8. That is a very real concern and the degree of how close they get and how much assistance theyre providing is something we watch very carefully.
As data about dual-use item shipments to Russia becomes available, Western countries are expected to ramp up efforts to quell these flows.
Weve already started to see sanctions against people [moving] military material to Russia. Im sure were going to be seeing the EU and other countries target those people that are helping a lot of this material to get to Russia, said James Byrne from the Royal United Services Institute, a U.K.-based defense think tank.

Chinese companies are shipping rifles, body armor to Russia

Chinese companies, including one connected to the government in Beijing, have sent Russian entities 1,000 assault rifles and other equipment that could be used for military purposes, including drone parts and body armor, according to trade and customs data obtained by POLITICO.
The shipments took place between June and December 2022, according to the data provided by ImportGenius, a customs data aggregator.
China North Industries Group Corporation Limited, one of the countrys largest state-owned defense contractors, sent the rifles in June 2022 to a Russian company called Tekhkrim that also does business with the Russian state and military. The CQ-A rifles, modeled off of the M16 but tagged as civilian hunting rifles in the data, have been reported to be in use by paramilitary police in China and by armed forces from the Philippines to South Sudan and Paraguay.

Russian entities also received 12 shipments of drone parts by Chinese companies and over 12 tons of Chinese body armor, routed via Turkey, in late 2022, according to the data.
Although the customs data does not show that Beijing is selling a large amount of weapons to Moscow specifically to aid its war effort, it reveals that China is supplying Russian companies with previously unreported dual-use equipment commercial items that could also be used on the battlefield in Ukraine.
It is the first confirmation that China is sending rifles and body armor to Russian companies, and shows that drones and drone parts are still being sent despite promises from at least one company that said it would suspend business in Russia and Ukraine to ensure its products did not aid the war effort.

The confirmation of these shipments comes as leaders in the U.S. and Europe warn Beijing against supporting Russias efforts in Ukraine. Western officials have said in recent weeks that China is considering sending weapons to Russias military, a move that could alter the nature of the fighting on the ground in Ukraine, tipping it in Russias favor. Officials are also concerned that some of the dual-use material could also be used by Russia to equip reinforcements being deployed to Ukraine at a time when Moscow is in desperate need of supplies.
Da-Jiang Innovations Science & Technology Co., also known as DJI, sent drone parts like batteries and cameras via the United Arab Emirates to a small Russian distributor in November and December 2022. DJI is a Chinese company that has been under U.S. Treasury sanctions since 2021 for providing the Chinese state with drones to surveil the Uyghur minority in the western region of Xinjiang.
In addition to drones, Russia has for months relied on other countries, including China, for navigation equipment, satellite imagery, vehicle components and other raw materials to help prop up President Vladimir Putins year-old war on Ukraine.
Its currently unclear if Russia is using any of the rifles included in the shipment data on the battlefield Tekhkrim, the Russian company, did not respond to an emailed request for comment. But the DJI drones have been spotted on the battlefield for months. DJI did not immediately respond to a request for comment.
The National Security Council did not comment on the record for this story. The Chinese embassy in Washington said in a statement that Beijing is committed to promoting talks for peace in Ukraine.
China did not create the crisis. It is not a party to the crisis, and has not provided weapons to either side of the conflict, said embassy spokesperson Liu Pengyu.
Asked about the findings in the data obtained by POLITICO, Polands Ambassador to the EU Andrzej Sado said that due to the potential very serious consequences, such information should be verified immediately.

Although Western sanctions have hampered Moscows ability to import everything from microchips to tear gas, Russias still able to buy supplies that support its war effort from friendly countries that arent following the Wests new rules, like China or the Gulf countries.
Some commercial products, like drones or even microchips, could be adapted. They can transform from a simple benign civilian product to a lethal and military product, said Sam Bendett, an adjunct senior fellow at the Center of Naval Analyses Russia Studies in Washington, noting that dual-use items could help Russia advance on the battlefield.
Experts say it is difficult to track whether dual-use items shipped from China are being sold to buyers who intend to use the technology for civilian purposes or for military means.
The challenge with dual-use items is that the export control system we have has to consider both the commercial sales possibilities as well as the military use of certain items, said Zach Cooper, former assistant to the deputy national security adviser for combating terrorism at the National Security Council.
In cases where the Kremlin craves specific technology only produced in say the U.S., EU or Japan, there are wily ways for Moscow to evade sanctions, which include buying equipment from middlemen located in countries with cordial trade relations with both the West and Russia.
Russia managed to import more than 800 tons of body armor worth around $10 million in December last year, according to the customs data from ImportGenius. Those bulletproof vests were manufactured by Turkish company Ariteks and most were imported straight from Turkey, although some of the shipments arrived to Russia via the United Arab Emirates. Russia also imported some body armor from Chinese company Xinxing Guangzhou Import & Export Co.
Trade data also shows that Russian state defense company Rosoboronexport has imported microchips, thermal vision devices and spare parts like a gas turbine engine from a variety of countries ranging from China to Serbia and Myanmar since 2022.
Dual-use items could also be a way for China to quietly increase its assistance to Moscow while avoiding reprisals officials in Washington and Europe have been threatening in recent weeks if China goes ahead with sending weapons to the Russian military.
Most recently, German Chancellor Olaf Scholz told reporters last week that there would be consequences if China sent weapons to Russia, although he also said that hes seen no evidence that Beijing is considering delivering arms to Moscow.
We are now in a stage where we are making clear that this should not happen, and Im relatively optimistic that we will be successful with our request in this case, he said.

French President Emmanuel Macron on Thursday resorted to using special constitutional powers.
The pensions overhaul has been met with widespread protests and strikes across France.
Prime Minister Elisabeth Borne announced to the assembly that the government would trigger Article 49.3 of the French Constitution.

French President Emmanuel Macron on Thursday resorted to using special constitutional powers to push his plan to raise the retirement age to 64 from 62 through the lower house of parliament.
The pensions overhaul has been met with widespread protests and strikes across France, with the issue seen as extremely contentious in the European nation of 68 million people.

The plans were passed in Frances Senate on Thursday morning but had been due for a vote in the National Assembly (the lower house), where its approval was not guaranteed.
Instead, Prime Minister Elisabeth Borne announced to the assembly that the government would trigger Article 49.3 of the French Constitution.

Lawmakers opposed to the reforms booed, chanted and shouted resignation as she spoke, Reuters reported. At one point the session was suspended for two minutes as politicians sang the national anthem too loudly for her to be heard.
Macrons Renaissance party argues reform of the pension system is necessary to sustain it long into the future. It has a projected annual deficit of 10 billion euros ($10.73 billion) each year between 2022 and 2032, according to Frances Pensions Advisory Council.
However, opinion polls suggest a majority of the public supported industrial action to oppose the changes, which include requiring workers to contribute to the system for 43 years to qualify for a full pension.

Strikes have taken place since the start of the year and intensified over the last week, hitting transport, schools, oil refineries, the public sector and beyond. The action has resulted in trash building up in parts of Paris.

Opposition politicians are now likely to request a vote of no confidence in the government, which they must do by 3 p.m. Friday. Both Marine Le Pens right-wing National Rally and the left-wing France Unbowed (La France Insoumise) have said they will do so.
However, lawmakers are unlikely to vote in a majority to dissolve the National Assembly and hold new elections, Renaud Foucart, a senior lecturer in economics at Lancaster University, told CNBC by phone.
The measure would then go to the constitutional court and most likely become law.
Foucart said the government had its eyes on the next national election, when Macron will not be running. The move means the entire responsibility for the reforms lies with him, rather than individual lawmakers who vote in favor of it.
Foucart added the move was seen as particularly contentious as many people that likely retire at 62 were manual workers or people who had started work at a younger age.
By resorting to [Article] 49.3 the government demonstrates that it does not have a majority to approve the two-year postponement of the legal retirement age, Laurent Berger, secretary general of the CFDT union, said on Twitter. The political compromise failed. Workers must be listened to when it is their work being acted upon.

Drew is trying to explain why knowledge of compound growth reveals this topic to be misleading nonsense and that TC really needs to be called out for this shitposting.

I don't care how much you hate Elon Musk, you shouldn't be ok with misleading and outright misinformation.

Good for him. I dont understand the irrational hate towards people that made a lot of money for themselves. Its a good thing.

So, without hurling insults or saying whoosh for the 10th time, explain to us the point of this topic, other than Elon Musk has a net worth that is unattainable by the average person.

1. Elon Musk has a net worth that is unattainable by the average person or even above average person or even the person who is way above the above average person
2. yet people defend his wealth and balk at the idea of taxing him AT ALL
3. and in such defense they say things like "you can get rich too using compound intestest!"
4. yet you cannot even attain to a significant percentage of his wealth
5. you make a million, congrats you can buy a nice house and afford some emergency medical care and such but you are getting blasted by inflation and nowhere close to Elon
6. but you guys will use ALL your energy to defend and white knight him anyways
7. you proved it by your posts, go back and read them

No explaination, as I thought has no clue what he's talking about.