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Topics - President-Elect Bob Noel

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316
Spin Zone / for those that insist we must raise tax rates
« on: March 31, 2020, 10:09:18 AM »
Maybe people might want to go after the delinquent tax(non)payers before grabbing more money from people who actually obey the law.

https://www.irs.gov/newsroom/the-tax-gap

"The Internal Revenue Service periodically estimates the tax gap to gauge historical overall compliance of all types of taxpayers with their federal tax obligations. The estimates take into account federal taxes due as well as refundable and non-refundable tax credits."

"The average gross tax gap was estimated at $441 billion per year based on data from those three years. After late payments and enforcement efforts were factored in, the net tax gap was estimated at $381 billion."


317
Spin Zone / Any positives coming of the COVID-19 Panic?
« on: March 29, 2020, 04:56:34 PM »
Are there any positives?

How about:

1)  Kind of a dry-run for the possibility of an actual serious medical problem (unless we have the boy-who-cried-wolf syndrome)

2)  Providing evidence that remote workers can be effective (obviously not all workers can be perform their jobs at home)

3)  Some people will gain a better understanding of what essentials they should have on hand and in what quantities.  (not just TP)

anything else?

318
Spin Zone / Which generates a more violent adverse reaction?
« on: March 29, 2020, 04:05:23 PM »
Suggesting any support for President Trump?

Suggesting that the world's response to COVID-19 is an overreaction?


319
Spin Zone / Are you helping or hurting
« on: March 27, 2020, 10:08:18 AM »
Helping:  Maintaining your health

Helping:  Normal purchasing rather than holding off a major purchase (or hoarding)



Hurting:  feeding the panic

Hurting:  Hoarding essential supplies, especially gloves, sanitizer, cleaning supplies.

321
Spin Zone / more good news
« on: March 27, 2020, 05:06:17 AM »
Think this through to the logical conclusion (don't use emotion, use logic and reason)

There are infectious disease experts claiming that the number of confirmed COVID-19 cases in the US doesn't accurately reflect the number of people who are actually infected.

The lack of COVID-19 testing available means that only certain people are tested.  Anyone showing mild symptoms are not tested.

Also, logically, there may be people without any symptoms that are also infected.

These facts lead to the conclusion that COVID-19 is not as deadly as some fear.

322
Spin Zone / And the whining starts
« on: March 26, 2020, 06:30:20 PM »
https://www.cnn.com/2020/03/26/perspectives/stimulus-checks-undocumented-taxpayers/index.html

Apparently the stimulus package provides for checks to people with a social security number and not for people with an ITIN.

"Since 1996, ITINs have been issued by the IRS to individuals ineligible for a Social Security Number -- mostly (though not exclusively) because they are immigrants who are undocumented. "


It didn't take long for the whining to begin.

323
Rusty & Student Pilots / training interrupted?
« on: March 26, 2020, 02:17:40 PM »
I wonder if the FAA will extend some time limits for people who have their training interrupted by the COVID-19 panic.

324
Spin Zone / Possible good news?
« on: March 26, 2020, 02:09:42 PM »
https://www.kiro7.com/news/trending/coronavirus-nobel-laureate-says-us-will-have-quicker-covid-19-recovery/AWJN4WAM6VC7NPTBZLDC3JWGUU/

"A Nobel laureate at Stanford University says he sees signs that the United States may get through the worst of the COVID-19 pandemic well before many health experts have predicted."

"“What we need is to control the panic,” Levitt, who won a Noble Prize in chemistry in 2013, told the Times. “… We’re going to be fine,” he said."



btw - Worldometer is showing total US recovered cases exceeding total deaths for the first time  (I wonder if they only recently have been collecting that data)




325
Spin Zone / The new normal
« on: March 25, 2020, 08:21:13 AM »
So, given all the shutdown, social distancing, etc etc etc, will this all get repeated when flu season hits October-ish?

If not, why not?

326
Spin Zone / We can't live in a bubble
« on: March 24, 2020, 11:42:37 AM »
Life is not risk-free.

Being afraid of everything is no way to live.


327
Spin Zone / New symptom caused by COVID-19
« on: March 24, 2020, 11:08:38 AM »
Apparently, COVID-19 doesn't just cause coughing and respiratory problems.  It's causing people to get really really really stupid


328
Spin Zone / Governors shutting down businesses
« on: March 22, 2020, 02:27:58 PM »

New York, Illinois, Connecticut, California and Pennsylvania shutting down businesses in a continuation of the COVID-19 panic and overreaction.

I wonder what the people in upstate NY think about it.  Or what about the people in California far away for lalaland?

329
Spin Zone / perspective
« on: March 22, 2020, 05:46:39 AM »
In 2019, an estimated 38,800 people died in car accidents in the US (source  National Safety Council).  An estimated 4.4 million required medical attention

Medical errors likely lead to more deaths than car accidents (estimates are difficult because death certificates don't ever list medical error as the cause of death).  Few, if any, studies would put the number lower than 38,000 per year.

"Conclusion. CDC estimates that influenza was associated with more than 35.5 million illnesses, more than 16.5 million medical visits, 490,600 hospitalizations, and 34,200 deaths during the 2018–2019 influenza season."  Source:  CDC

In 2010, 33,687 motor vehicle-related deaths occurred.  (Johns Hopkins)

In 2010, 33,041 unintentional poisoning deaths occurred.   (Johns Hopkins)

In 2010, 26,009 unintentional falls deaths occurred.   (Johns Hopkins)


As of 20 March, the US recorded 201 deaths due to COVID-19.  That's 201 total for the year.  (CDC)


330
Spin Zone / Imagine
« on: March 20, 2020, 01:28:43 PM »
Imagine how the DOW would have looked if the coronavirus panic occurred prior to Jan 2017.  A ~33% dive from ~19800 would have put the market at about 13300...

The current DOW doesn't look so bad from that perspective...does it?

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