Lake Erie Conservative

thoughtful discussion(s) about issue(s)

Archive for the ‘stupidity (financial)’ Category

… Way to Go , Dumb – Dumbs [#IRS computer][#security breach]…

Posted by paulfromwloh on Saturday,November 12th,2016

.. yeah , you heard it right .

.. even the I.R.S. suffers a security breach ..

.. but when it happens to the Infernal Service , it can cause all sorts of grief for many , many people …

.. in this case , the Service is most likely to blame . They left a computer system littered with plenty of access holes and not enough encrypted security access .As a result , it allows folks who had obtained the right specific info access into the system to people ‘ s financial and tax info . Duh ! …

.. [h/t — Newsmax.com]..
.. [link] to the blog post ..

.. contrary to popular belief , most folks tax returns and tax records are fairly simply . Many folks can and do file the Form 1040EZ or the Form 1040A . It is when you want to get pickier on the deductions , or your finances start to get a little more sophisticated , then you need to file the Form 1040 . With that comes other forms or schedules , and tax preparers , tax accountants , and tax lawyers , eventually …

.. some folks finances get to be pretty sophisticated , such as [now] Bill and Hillary Clinton . With the news info coming out about the Clinton ‘s antics about their fiannces , they likely employ quite a few tax professionals in order to get their taxes done properly ..

.. Which makes this blunder all the more stupid ! ..

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Posted in personal opinion, stupidity (criminal), stupidity (financial), stupidity (legal), stupidity (political), stupidity (security) | Tagged: , , , , , , , , , , , , , , , , | Leave a Comment »

… The U.S.P.S. cries out for Reform [#economic stupidity]…

Posted by paulfromwloh on Monday,October 17th,2016

.. when you read an article such as this , it really makes one want to puke ..

.. does anyone really wonder why the ” Pea Brain Service ” , as I like to call them is in so much trouble . It is very , very easy to see . First , you do not make such purchases like this one . It is economically insane . Secondly , is the decline in the amount of first – class mail . The amount of that mail has declined by almost 20% in the last 5 years . Tecnhology is forcing change , yet the U.S.P.S. is not adopting to it ..

.. [h/t — Newsmax.com]..
.. [link] to the blog post ..

.. sooner or later , the Service is going to have to face up to its problems . It is eventually going to have a ” Come to Jesus ” moment with Congress , the rest of the government , and the American People ..

.. we do need A Postal Service . The question is how are we going to reform it …

Posted in personal opinion, stupidity (economic), stupidity (financial) | Tagged: , , , , , , | Leave a Comment »

… ObamaCrapCare strikes Again [#health insurance co – operatives]…

Posted by paulfromwloh on Thursday,October 13th,2016

.. yup , the power of the ObamaCrapCare Devil strikes again …

.. this time , it is about a little thing called ” health insurance cooperatives . ”

.. there were 23 of them launched around the United States . They were brought into being with about $2.5 billion in taxpayer money . One would think that , after nearly 3 years , these co – ops would have had a chance to become going concerns . They have not ..

.. [h/t — NYPost.com/Editorial]..
.. [link] to the blog post ..

.. 8 of them are dead or dying . 13 more of them are headed in that direction . That accounts for all but 2 of them . I would expect the other 2 coops to follow suit , as well …

.. What gives ? ..

.. the dummies in the government [the ObamaCraps in the government , and the loonie lefties in Congress] have never made a payroll , made a product , or have produced a service . They do not know what it means to be in business , much less run one . Yet these dumbbells designed these damn coops ..

.. the enrollees in the co-ops , as many predicted , were far older and sicker than the folks expected . As a result , the premiums charged for the health insurance were far , far too low . Also , the restrictions imposed by OCC did not allow these coops to charges fees and premiums that were suffiecient enough to meet costs . So , what happens ?? ..

.. the cooperatives collapse .. and the ” death spiral ” begins …

Posted in personal opinion, stupidity (economic), stupidity (financial) | Tagged: , , , , , , , , | Leave a Comment »

… See What Happens [#economics][#substitution]…

Posted by paulfromwloh on Saturday,August 6th,2016

.. the folks in San Francisco raised the minimum wage up to $15 / hour . So what do you think would happen ? … Technology is substituted for human capital [people employed]…

.. [h/t — theRightScoop.com]..
.. [link] to the blog post …

.. could people be that oblivious to the advances in technology ? It appears so . The loonie lefties pushed thru this $15 / hour minimum wage , and they just assumed that there would be no response to it . Well they were found to be both idiotic and badly wrong at the same time …

.. this restaurant is a fascinating idea . It will also teach the loonies a tough lesson . The 21st century return of the Automat !! …

Posted in economic opinion, judgement (financial), Law of Unintended Consequences, personal opinion, stupidity (financial) | Tagged: , , , , , , , | Leave a Comment »

… Video – on – Demand is Part of Hollywood ‘ s future [#economic model]…

Posted by paulfromwloh on Wednesday,September 9th,2015

.. well , surprise …

.. Hollywood is getting a peek at the economic model of the future …

.. and V.O.D. is going to be a part of it , whether they like it or not …

.. [h/t — Newsmax.com]..
.. [link] to the news article …

.. the hairy and botched dealings with the release , cancellation , and then re – release of ” the Interview ” [starring Seth Rogen and James Franco] is going to teach Hollywood several important lessons …

.. one , to be obvious is about computer security . It is not , how much it will cost you . It is a question of how much that it will cost you if you do not do it right …

.. another is V.O.D. …. Hollywood cannot ignore it any longer . Going with VODsimulataneous with a motion picture ‘ s release is going to become more and more common . It will also help to cannibalize the antics of movie pirates , by beating them to the punch …

Posted in economic opinion, financial opinion, personal opinion, stupidity (financial) | Tagged: , , , , | Leave a Comment »

… Are the Greeks Out of their Minds [#No vote]…

Posted by paulfromwloh on Monday,July 6th,2015

.. it appears so ..

.. Greece voted by about 61% in favour of the ” No ” position for the referendum on Sunday . So it is very likely now that Greece either willingly [or by force] will exit the Euro …

.. [h/t — Newsmax.com]..
.. [link] to the blog post ..

.. the Greeks have far more immediate problems , though . In basic , their banks are close to death , and their economy is steadily melting down by the day . Imports cannot be financed . Regular business cannot be conducted with the banks closed . People are very likely to revolt once part [or maybe all] of their savings are lost as the banking system collapses , either partially , or entirely …

.. O.K. , bright boy [Greek PM Alexis Tsipras] ? , what do you do now ? Do you really think that the ECB and the EU and the IMF agree going to negotiate with a bunch of colossal idiots …

Posted in personal opinion, stupidity (economic), stupidity (financial), stupidity (political) | Tagged: , , , , , | Leave a Comment »

… It is Their Money , Dumb – dumbs [#tax inversion]…

Posted by paulfromwloh on Thursday,August 7th,2014

.. huh ?!..

.. it is relatively simple . Company A [US] buys Company B [Ireland] . Company A then switches its ” Tax Domicile ” to Ireland . It then can hold a great deal of cash in another place . Simple ..

.. these days , it is . It also has the DemoCraps having a conniption fit of the world class order . Boy , oh boy , is it fun to watch …

.. [h/t — TAS.org]..
.. [link] to the news post ..

.. it is remarkably similar to the relocation of a firm in the U.S. from one state to another . There are financial advantages , to be sure , but also legal ones …

.. you have a supply side idea . Cut the corporate tax rate down to the bone , waaaaaay down from where it is now . Say from 35% [now] , down to 10% to 15% , or better yet , 0 . Yes , the big Zippo ! … Watch what happens when you do …

.. for the Dems , I have a message … corporation or person , it is their money , not yours , so tough cookies …

Posted in personal opinion, stupidity (financial), stupidity (political), stupidity (taxation), tax opinion | Tagged: , , , | Leave a Comment »