Bailout / Stimulus Discussion (Hints Missed & Shartz Fired)

Plot against Murcia, Ozark, BCS I still have recorded but not watched, catch up on Succession and a couple others I’d like to wrap up

Re: PPP, this tweet from last night appears to be correct from what I can tell. So banks with more than 15k apps (this was changed to 5k this morning per little Marco) were able to submit a bulk XML file to the SBA before the portal opened this morning, and now they are limiting all banks to 350 submissions per hour.

https://twitter.com/trevorloy/status/1254611171291754497?s=19

Well at least it’s XML and not SOAP.

The point I was going to make last night is that the banks have a huge incentive to make sure their own customers, especially the large ones, are at the front of the line for the $$$. Mostly because the banks need the people who owe them money to actually pay them and continue to have a good relationship with them for the bank’s profits.

So of course the system is massively corrupted and it wouldn’t surprise me at all if that is by design.

Also I somehow was able to edit this 10 hours later by simply having the edit screen pulled up but not completed.

Well this morning I received a new error message. The system kept telling me the information didn’t match their records, so I tried an address from a couple of years ago and got this.

FAQ of course says:

If you have filed your 2019 tax return and you did not receive a refund via direct deposit, your payment will be mailed to the address we have on file for you. This is generally the address on your most recent return or as updated through the United States Postal Service (USPS).

I filed 2019 taxes last week, so they have my new address. But I’m guessing from this that they will send the check to my old address and I will need to wait a while longer.

On the other hand, I hear the USPS has a nifty change of address option online :thinking:

I saw a suggestion from some news source for people who are having trouble with the portal to try all caps.

I guess I am the last one who can’t get it to work. All caps did not work. My wife’s does not work either.

Yes. Get a finalized ruleset for forgiveness if they have one. My wife is mega paranoid about the forgiveness part of the PPP and thinks they’ll find a way to fuck us.

Narrator: she was right.

Yeah I’m not saying she’s wrong. I just think that to fuck us they’ll have to fuck an absolutely unprecedented number of upper class white people. Seems unlikely to me. Not impossible, but unlikely.

It’s worth noting that the way they’ve structured this loan I’ve paid taxes on it which means the interest rate would be dramatically higher than the nominal 1% rate.

Honestly if they try to fuck me on the forgiveness part I’m going to just shut down my S corp and start a new one. I didn’t give them a personal guarantee and it’s just a tax vehicle. If they want to get shady we’ll get shady. After we buy a house of course because after that my level of give a shit about my personal credit will be… very low.

Sorry to hear that. My anecdotal experience is that you will receive an error message once they have uploaded your info but you’re not inputting the address they have on file. My monies have not been mailed and according to the IRS will likely be mailed to the wrong address. My hope is once you can input your info that you experience no further complication.

You make a really good point that “We need to keep our promises to our pensioners,” really means “You (people under 60) need to keep our (people over 60) promises to current pensioners.”

The Boomers took, took, took, and kicked the can down the road. And now it’s time to pick up the can and see what is owed, and it’s going to be younger people who have to inherit the debt.

I don’t know, but as an avocado-toast eating liberal snowflake milennial who is lazy and unable to bootstrap my way to the top because I whine too much and don’t know a thing about individual responsibility, I’m not sure I feel like paying. Like, why do I have individual responsibility for their check? I just don’t understand these concepts like individual responsibility, or so I’m told.

The Boomers are the dine and dash generation, and millennials are the waiters who get screwed as a result. Gen X, too, but they’re more like the manager - at least they get paid a bit more in the whole equation. They’re getting screwed too, but not as badly - and a lot of them were going the same route trying to get in on the dine and dash anyway. I’m sure millennials would have done the same if we got into a position where the house of cards was still standing.

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Millennials are battered wives being gaslit by their husbands.

A boomer induced depression, a boomer exacerbated pandemic, debt galore, vanishing job and retirement security. Just keep taking it on the chin and getting up hoping they won’t get hit if they manage to shut up about his drinking.

It’s the fault of most of them for voting for politicians in both parties who made little/no effort to properly tax to fund the system they negotiated. I’m cool with taxing billionaire Boomers to pay for it. They were orchestrating the scam.

Taxing millennials who were just getting on their financial feet from the housing market collapse (Thanks for that one too, Boomers) before this one is totally fucked and obviously what we’re going to do. And of course Gen X will foot some of the bill and so will Gen Z, the most blameless ones in the bunch.

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The “respect your elders” part of their narrative particularly sets my lawnmower on a trajectory to Jupiter.

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Not exactly. Like it was always being stolen from someone, somewhere. They voted to create obligations and not to fulfill them, thus stealing money from whoever had to fulfill it. The discussion ITT is how much of that should be fulfilled and by whom.

IMO it should be:

  1. All of it, by taxing rich Boomers via a wealth tax.

Or

  1. Enough of it to keep them comfortable but not rich, by taxing everyone currently working the necessary amount.

Obviously instead we’re going to fulfill all of it and make current workers pay for it, which is IMO the most fucked outcome.

Food prices are going up, though.

That’s on massive supply chain disruptions and is surely temporary. In other news my landlord unilaterally cut my rent in half for May today by email. That’s more than I spend on groceries in a month total. That’s deflation.

  1. Tax rich boomers to pay for m4a, climate change measures, free college, UBI. Then use whatever is left over if any to help the pensioners out.

Even that is a stretch, they don’t make the top 10 of shit we should be doing with rich peoples tax money.