Economics Questions

Re: Do the stimulus payments expire? Is it moral to accept the helicopter?

fsk — Tue, 10 Jun 2008 14:21:13 GMT

Since when do the IRS, Federal government, or Federal judges obey the laws/Constitution?

I thought they get to do whatever they want and make up laws as they go along?

Re: Do the stimulus payments expire? Is it moral to accept the helicopter?

Anonymous Coward — Tue, 10 Jun 2008 05:45:34 GMT

Bastards didn't send me one, something about refusing to file a tax return or something like that.

Which brings up a different point, as long as the IRS isn't in compliance with the Paperwork Reduction Act of 1996 they can not compel you to file a tax return or impose penalties or criminal charges for failing to file.

Doesn't mean you don't have to pay taxes though, unfortunately.

Re: Do the stimulus payments expire? Is it moral to accept the helicopter?

fsk — Mon, 09 Jun 2008 22:26:45 GMT

Yes, it's somewhat inflationary. However, most really poor people have more debts than cash, so they're a net beneficiary of inflation.

Viewed this way, the "stimulus" payments transfer purchasing power away from middle-class people who have substantial cash or money market holdings.

The stimulus payment is a bastardized implementation of social credit

Re: Do the stimulus payments expire? Is it moral to accept the helicopter?

liberty student — Mon, 09 Jun 2008 22:04:51 GMT

Isn't the stimulus a product of monetary inflation by adding to the deficit and thus, the debt?

As far as I know, there were no spending cuts to accommodate the stimulus...

Re: Do the stimulus payments expire? Is it moral to accept the helicopter?

fsk — Mon, 09 Jun 2008 19:40:26 GMT

Consider it this way:

The stimulus payment is merely a partial return of stolen property.

Re: Do the stimulus payments expire? Is it moral to accept the helicopter?

Stranger — Mon, 09 Jun 2008 17:45:17 GMT

It is perfectly moral to accept money.

It is immoral to tax it.

Re: Do the stimulus payments expire? Is it moral to accept the helicopter?

histhasthai — Mon, 09 Jun 2008 13:39:57 GMT

Bank Run:
And I want to know if holding my check may be investment were hard money to come about?

It's your own money, they're just giving some of it back. Turn it into silver if you're going to hold it (it's not enough for even one GO, unless you got the kids' stipend as well.) Or use it to pay down debt. Neither one helps the economy much, and either buys you at least a tiny measure of additional freedom.

Do the stimulus payments expire? Is it moral to accept the helicopter?

Bank Run — Mon, 09 Jun 2008 12:54:07 GMT

What did y'all do with with your alls'? Unless you actually do oppose it, I'd like to hear it. When folks complain of inflation in many ways, it is a riot to point out fiat always is destroyed, usually by poisinous fires:( that is extreme but fire is warm.

I am of course hoping that the collapse of the monetary system, which I find repeatable, brings down the banks.

I try as hard as I can not to participate in banking, but I am subjugated unless I am wealthy. All of todays governments are plutocracy which suckles all, and are fascist, because 'on the ashes of socialisms fascisms are born.' Power is in revolution, at the expense of the cattle.

And I want to know if holding my check may be investment were hard money to come about?