Current issues with the market - Any ideas on avoiding the end?

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Retink said:
Taxation is the exploitable system, a lack of taxation is far less exploitable than any tax based system.

The idea that taxation is some kind of check on power shows why taxation shouldn't exist. If something has power over you to make you its nigger by means of force, then your only option is to either be a nigger or find a way to control that system to your benefit and then ultimately make others your nigger because that's the system you exist in. What you're describing is basically showing up to a poker game, knowing the dealer is openly rigging the game, and then trying to play a fair game of poker for some retarded reason instead of playing the real game which is getting the dealer to work in your favor.
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taxation is a necessity to fund the state, and the state is a necessity for society to exist. without the state, society either gets conquered by a foreign state, or it descends into anarchy and civil war until a new state (with new taxes) is formed by the winning faction.

in other terms, if you weren't the states nigger, a foreign state would come and make you its nigger instead.
 
DumbDude42 said:
taxation is a necessity to fund the state, and the state is a necessity for society to exist. without the state, society either gets conquered by a foreign state, or it descends into anarchy and civil war until a new state (with new taxes) is formed by the winning faction.

in other terms, if you weren't the states nigger, a foreign state would come and make you its nigger instead.
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I think that used to be the case but isn't in a modern society. In the same way we advanced past being ruled by some lord as serfs and slavery, we've also probably arrived at a point where there are other options than just capitulating to the state wholesale. More so, we've also seen that the state does not actually need direct taxation, as indirect taxation by inflation easily exists and can be used openly, but still causes enough discomfort for people to notice it.
 
Retink said:
I think that used to be the case but isn't in a modern society. In the same way we advanced past being ruled by some lord as serfs and slavery, we've also probably arrived at a point where there are other options than just capitulating to the state wholesale. More so, we've also seen that the state does not actually need direct taxation, as indirect taxation by inflation easily exists and can be used openly, but still causes enough discomfort for people to notice it.
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whether the state gets its money from the tax collector or from the printing press, it's always the citizens who really pay the price.
and no, there is no other option than state rule. the WEF fantasy future of direct rule by corporations and NGOs is not quite a reality yet.
 
DumbDude42 said:
whether the state gets its money from the tax collector or from the printing press, it's always the citizens who really pay the price.
and no, there is no other option than state rule. the WEF fantasy future of direct rule by corporations and NGOs is not quite a reality yet.
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I don't disagree on the first point, inflation is just an alternate form of taxation. As for the second point, I think we're at the point of civilization that if people truly wanted to be without a state they could, but people are cowards and will continue to think voting for Red Globohomo candidate instead of Blue Globohomo candidate will somehow change things.
 
Retink said:
I think that used to be the case but isn't in a modern society. In the same way we advanced past being ruled by some lord as serfs and slavery, we've also probably arrived at a point where there are other options than just capitulating to the state wholesale.
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Monarchies sucked because most kings were pussies and couldn't hold up the protection end of the agreement.

Nothing has changed with the peasants relationship with power. The peasants agree to give up some share of their productivity in exchange for basic services that start with protection. The specific social contract varies, but the only thing that changes is how it is implemented. If power fails to maintain a reasonable degree of balance, the peasants kill whoever is in power and start over. Or a foreign power does.
Retink said:
More so, we've also seen that the state does not actually need direct taxation, as indirect taxation by inflation easily exists and can be used openly, but still causes enough discomfort for people to notice it.
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The government needs a revenue source in the first place, and inflation by flooding the money supply is not sustainable. The federal reserve can't just magically grant the US government its necessary budget in dollars at no obvious cost to anyone and expect people to participate in that financial system. The total amount of goods and services an economy is worth does not just jump because the fiscal year rolls over. Inflation would become hyperinflation.
 
Retink said:
Taxation is the exploitable system, a lack of taxation is far less exploitable than any tax based system.

The idea that taxation is some kind of check on power shows why taxation shouldn't exist. If something has power over you to make you its nigger by means of force, then your only option is to either be a nigger or find a way to control that system to your benefit and then ultimately make others your nigger because that's the system you exist in. What you're describing is basically showing up to a poker game, knowing the dealer is openly rigging the game, and then trying to play a fair game of poker for some retarded reason instead of playing the real game which is getting the dealer to work in your favor.
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No, I think direct taxation should only apply to corporations, not individuals are even small to median business to a small extent. Using that poker game analogy its a game that has a 12 figure minimum to have a seat at the table.

Ghost In The Rain said:
Well lets tackle this directly: When you talk about using taxation as a check are you talking about taxation as government revenue or are you talking about direct money deletion? It seems like you somewhat agree that taxation as a form of government revenue in order to balance books and pay for things is a complete farce, which should be plainly obvious at this point anyways. So with that in mind, if we view taxes as purely a means of deleting money from entities you want to delete money from, are you standing by deploying it for that purpose?
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Mainly the former, but do people assume laws/systems that discourage the formation of monopolies and handicaps them if they do form money deletion. I think the sherman act is nothing but an outdated paper tiger as many corporations today are able to easily find loopholes while making Standard Oil look like a small mom and pop corner store.

Point is once a corporation gets big enough (and I'll argue there are a few that are getting there) it should not be considered a business run by entrepreneurs pursuing the american dream but a independent micro state that will do what ever it can to survive and thrives no mater what laws they have to bend and dirty deals they have to make.
 
Retink said:
I'm just going to assume you're on some kind of dumb larp because that's a very exceptional view of the world you've got there.
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How so? Why shouldn't rich pay more? Countries ain't cheap to run. Or are you one of those people who doesn't mind the debt going up as long as it means your billionaire waifus dont have to pay more in taxes?
 
Taxation as a system is at least tens of millions of years old since after all, animals give parts of their kills to the alpha of the pack and in return get access to the pack and this shit has probably happened since the dinosaurs still walked the earth. If you believe taxation can be abolished and not just immediately get replaced with Totally Not Taxes™ than your understanding of economics and society is at best that of a Reddit communist.
 
All the talk about pro/nay taxation is pointless. Those on top will always want a share of the pie, and the populace will want impossible to fund socialist programs that will need that share.
In the end the only practical solution is reducing globohomo influence so countries will have some degree of autonomy, and that is not only near impossible under the political climate and how rich those companies are, but doesn't solve the time bomb of the social programs.
 
www.reuters.com

'Big Short' fund manager Burry dumps portfolio, buys prison stock

Scion Asset Management fund manager Michael Burry, who rose to fame with timely bets against housing ahead of the 2008 financial crisis, in the last quarter dumped a dozen bullish positions and replaced them with a new stake in prison company Geo Group Inc , according to filings released on Monday.
www.reuters.com www.reuters.com

The "big short" man Sold everything but GEO.
"Can't shake that silly pre-Enron, pre-9/11, pre-WorldCom feeling," he wrote, referring to three events which contributed to an approximately 75% decline in the Nasdaq between February 2000 and September 2002.
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Edit:
prison.png
 
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tehpope said:
www.reuters.com

'Big Short' fund manager Burry dumps portfolio, buys prison stock

Scion Asset Management fund manager Michael Burry, who rose to fame with timely bets against housing ahead of the 2008 financial crisis, in the last quarter dumped a dozen bullish positions and replaced them with a new stake in prison company Geo Group Inc , according to filings released on Monday.
www.reuters.com www.reuters.com

The "big short" man Sold everything but GEO.


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I just want to know when the market will finally crash again, because it would be nice to afford an apartment or house again.
 
tehpope said:
Soon

Housing Starts Crater In July As Bottom Falls Out Of The Market | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

Per @the fall of man: translation: flippers scared

If anyone wants stuff to invest in: xlv, xlf, xle, xlp, vpu. All done decent for me.
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I think we'll be seeing a 10-30% correction depending on the market, but do note that this typically is a several year cycle. We may not hit that "bottom" for another 2-3 years. It'll be a sellers market for a while longer but buyers are certainly gaining more leverage by the month. Just don't expect another 2008.

It's also dependent completely on interest rates. Which I do think will continue to trend upward. So yeah your rate will suck but hopefully you can refi it at some point. No matter what, please make sure you live in the house for at least 7+ years or you may not make out with a profit. Believe me as someone who bought in 2007 (lol) homebuying is NOT a short term investment.
 
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My North America ETF purchases were to the following prices per share. Always in the middle of the month:

May 93,79
June 87,61
July 91,99
August 101,88

The market seems to become rather optimistic.
 
Quindoll said:
My North America ETF purchases were to the following prices per share. Always in the middle of the month:

May 93,79
June 87,61
July 91,99
August 101,88

The market seems to become rather optimistic.
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It's going back down and don't forget to capital loss harvest your ETF's when it does (if you're in the US otherwise check local laws).
 
I work for a mid-tier tech company, I have an infinite amount of cap losses to harvest
 
Karen said:
I just want to know when the market will finally crash again, because it would be nice to afford an apartment or house again.
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But.... But... Sleeply Joe Biden and Auntie Nancy Pelosi told us we are not in a recession. Heh
We been in a soft recession since January 2022 and officially in on since July 2022.


Housing sales are down and the housing market is correcting thusly. However it just depends on what region you are in.
 
Uncle June said:
No matter what, please make sure you live in the house for at least 7+ years or you may not make out with a profit.
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Honestly this is the best home-buying advice you can get, and it's not really even about making out with a profit it's about avoiding foreclosure.

Do you think you'll need to move within 7 years? If a recession hits are you at risk of being cut? Are you going to be able to cover your mortgage with a crap "whatever" job if you do get fired, even if you need to live on beans and rice? These are some pretty important considerations if you're gonna drop money on a home. Lots of people don't.
 
eternal dog mongler said:
Honestly this is the best home-buying advice you can get, and it's not really even about making out with a profit it's about avoiding foreclosure.

Do you think you'll need to move within 7 years? If a recession hits are you at risk of being cut? Are you going to be able to cover your mortgage with a crap "whatever" job if you do get fired, even if you need to live on beans and rice? These are some pretty important considerations if you're gonna drop money on a home. Lots of people don't.
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Hey... if this keeps the idiots at bay from FOMOing stupid amounts of money hoping to make an easy flip, that would be a start. Sadly, we've been in a bull market for so long (until recently) that it really screwed up expectations on what rational investments should actually be. Now us potential first time home buyers get totally fucked over on a chance to even give this a go without a serious burden of risk if things go south. If say you bought a few years ago and managed to refinance to a sub 3% rate... you effectively won the lottery in life. Gotta be great to make massive returns on a property and doing fuck all to get there. I suppose the only silver lining to this is the fact that real estate is fairly illiquid and what its value is on paper doesn't really matter as much, especially if it's your primary domicile.

Waiting 7+ years to sell really is conventional wisdom even in a rational market. With how massively inflated prices are still and with rising interest rates on mortgages, you may want to consider well over a decade at minimum if you absolutely *must* buy a house today. And that's with the continued risk of needing to waive inspections just so you have a chance to close on something, and then finding out massive defects that you're stuck with for as long as you're there.
 
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