Well, our standards have changed. Now calling women ugly and pigs and grabbing them by the pussy and bragging how your voters are dumb and you can shoot someone on 5th ave and they’d still support you are not disqualifying factors.
Honestly, there are no disqualifying factors at this point. Except maybe if you publicly molested a minor. I think the voters might still be against that, though who really knows.
The generals must carry the bulk of the blame for the failure in Afghanistan. The military’s chief aim is to win battles and wars which are identified by the President and Congress. Achieve the objective. Full stop.
There is no question they failed. There are at least ten individual commanders over the 20 years. Each of them told us we were wining, the Taliban couldn’t hold out much longer, the Afghan forces were getting better and better. Were they lying? They were certainly talking out of their collective asses.
How many were fired for not doing their job, you ask? None. 8 of the commanders since 2008 retired with full honors, and quickly took board seats in corporate America. Not only not fired, but softly landing into cushy jobs. That’s outrageous.
Can’t say they were lying because I have no idea what they were told themselves. I’m pretty damn sure none of them were walking point on patrol. So any info they had was at least second hand.
I quoted many different nicknames in my post. Some preceded Trump (Crazy Uncle Joe), some were used by Trump (Sleepy Joe), some post-date Trump (Xiden). When a politician has been around for as long as Joe, he’s bound to pick up quite a few nicknames.
Many Presidential elections are a distasteful choice between 2 unappealing candidates. 2020 is certainly a leading contender in that category. The dems really screwed up with their nomination. They took what should have been a cakewalk and turned into a Tough Mudder. And now we’re stuck with Joe Biden and “his” policies. He’s not a “uniter”. He’s not a moderate.
The Senate is evenly split. The House is evenly split. (yes I know, not 50-50, but neither body has a super-majority, or anything close to a super-majority) And yet, the dems are busy trying to ram through a $1.0T infrastructure bill and $3.5T reconciliation bill. And if we’re really being honest, no government program ever comes in under budget. Those figures are understated. Neither bill is full of moderate, uniting features. Nope, they’re chock full of progressive initiatives.
I read a column in the local newspaper from the head of the state bankers’ association. They are opposed.
He starts off with the misleading claim that the IRS wants “detailed” information, and never clarifies what that means. Most readers will assume, based on the words in the column, that the IRS wants every individual check and every individual deposit.
Can someone help me understand the claim that this will create onerous costs to banks?
Let’s start by recognizing that every transaction will contain at least two pieces of information and that all transactions are digitally recorded. Those two elements being the account number and the amount ( and credit or debit, but that seems obvious).
So just why is writing a program that strips that info cost so much. Once that code is in place, there’s a teensy bit of newcode required for security purposes…and then someone hits “enter”. Where is all his cost?
It’s a privacy issue, for sure. And I’m skeptical it’s worth that “cost”.
I posted something above that says the reporting is not for “every transaction”. The Treasury is asking for the total inflows and total outflows, not the transaction detail. They want the grand total, and also totals for cash, foreign accounts, and transfers from/to other accounts with the same owner. Seems like 8 numbers, tops.
I don’t see much “privacy” issue here for ordinary people. The IRS already gets files with our wages, interest, dividends, SS benefits, pensions, capital gains, IRA withdrawals, and I don’t know what else. Basically all the income we get from institutions. I don’t see a privacy issue except for people who want to evade taxes on income from their own businesses.
I mean, there’s gift stuff in there. So small business owners who also receive substantial gifts may have to account for the differential if they are questioned on it.
And no, it’s not really the IRS’s business that Mom’s retirement assets had a good year in 2019 and she decided to gift each kid thousands (but less than the gift tax exclusion).
So I get the privacy concerns more than the onerous requirements for the banks.
Golly, when my grandparents sold their house they gifted each of their married kids $40,000 (gift tax exclusion was $10,000 so with married givers and married receivers that works out to 4 possible gifts of $10K each).
Yeah, if the IRS questioned it there was a perfectly legit transaction behind it, but it’d just be annoying to document it.
There’s also a privacy issue for people who value privacy and the constitutional right to privacy. That should include anyone who values the results of the constitutional right to privacy.
I have too and they were fine then. But it was QUITE the hassle when they decided that the entire sale price of one of my homes was taxable income. They amended my tax return and tacked on a crap ton of penalties and interest and decided I owed them around a quarter million dollars.
Which was ludicrous on many levels:
It was my primary residence of many more than 2 years so it was eligible for a $250,000 exclusion. They could have figured this out by taking the completely insane step of reviewing the address on the last bunch of tax returns.
The purchase price was not $0… in fact I sold it for a loss. A fact easily verified by merely reviewing the publicly available property tax records. It wasn’t like it was the transaction costs that turned it from a greater than $250,000 gain into a loss thus requiring obscure records from the title company or something… no, the selling price was less than the purchase price. Anyone who knows the address could look this up online in a matter of seconds. Not minutes… seconds.
In total I could have sold the place for about $300,000 more than I actually did without incurring a dime of tax liability. While I get that they aren’t perfect… this was exceptionally ridiculous.
And before they accuse someone of welching out of a quarter million dollar tax bill, I feel like they ought to expend seconds of effort to verify whether the true liability is $0 or not.
And once they get it in their heads that you owe them a quarter million dollars they are not very pleasant to deal with.