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re: After over a year....how is Biden's Inflation Reduction Act helping you?
Posted on 11/1/23 at 10:17 am to TigerTek
Posted on 11/1/23 at 10:17 am to TigerTek
quote:
My 401K doing very well.
Define “doing very well”.
Because the way I define it, I’m taking a royal arse-kicking. Same for everyone I know.
0
Posted on 11/1/23 at 10:17 am to goofball
Don’t forget all tbe RINOs who voted for this shite. All it does is reduce your spending power thats what the Reduction means
Posted on 11/1/23 at 10:20 am to TigerTek
quote:
Wages increasing.
Not even nearly at the same rate of increase of rents and home prices.
Posted on 11/1/23 at 10:21 am to VOR
quote:
Inflation Reduction Act was always a misnomer, but the legislation was
beneficial on balance.
Carry that water boy
Posted on 11/1/23 at 10:22 am to goofball
So let's see, one of the big tickets items of the IRA was to accelerate the move to domestic produced EVs by investing $400B. In the last week both GM and Ford, the 2 largest domestic manufacturers, have announced that they are curtailing their investment and focus on...wait for it...EVs.
This post was edited on 11/1/23 at 10:28 am
Posted on 11/1/23 at 10:22 am to BamaGradinTn
I overdraft 3 times in the past 18 months or so on the same budget/savings transfers. I haven't done that in 20 years or so.
Confirms that there is a major inflation abduction act.
Confirms that there is a major inflation abduction act.
Posted on 11/1/23 at 10:22 am to TigerTek
quote:
Rural fiber optic installation well under way.
Wishful thinking ….. not even the 1st or 2nd time it has been tried by Congress …. unsuccessfully.
It costs $50k to $75k per rural linear mile to run fiber cable, depending on whether it is aerial or buried …. and that doesn’t include the optical or network equipment to light it for use. Notwithstanding the massive supply chain shortages of cabling, optics, and related chip limitations .
Moreover, current telco/isp models gravitate toward customer density (profit) rather than service (reaching rural geographies) There simply is no money in it for the operators.
It’s a grift
This post was edited on 11/1/23 at 10:24 am
Posted on 11/1/23 at 10:25 am to TigerTek
quote:
My 401K doing very well.
I'm not buying this one.
Oh and my taxes increased by 36% and I made 5k more in 2022 than I did in 2021. But I paid 36% more in taxes
Posted on 11/1/23 at 10:29 am to TigerTek
quote:
My 401K doing very well.
WTF are you invested in? I'm in a 500 index fund and a target fund and I'm down 15% from the high water mark.
Posted on 11/1/23 at 10:40 am to Warboo
Every month I transfer the same amount of money from my business to personal checking to live on that month. I used to have a good bit left over at the end of the month. That number has dwindled considerably and my spending habits really haven't changed.
Posted on 11/1/23 at 12:47 pm to TDTOM
quote:
Every month I transfer the same amount of money from my business to personal checking to live on that month. I used to have a good bit left over at the end of the month. That number has dwindled considerably and my spending habits really haven't changed.
Everything has gone up in price. If you can relocate to a LCOL area and keep the same income.....do it.
Posted on 11/1/23 at 12:52 pm to goofball
He mis read his Q card.
It was Retirement Savings Reduction Act rather than Inflation Reduction.
That is how it is affecting retirees.
It was Retirement Savings Reduction Act rather than Inflation Reduction.
That is how it is affecting retirees.
Posted on 11/1/23 at 1:17 pm to goofball
quote:
After over a year....how is Biden's Inflation Reduction Act helping you?
It helped my favorite rich celebrity become more rich.
Posted on 11/1/23 at 1:23 pm to Warboo
Not embarrassed, no blinders, but I can count. Index funds move slowly, spreads the risk but has sawtooth effect on gains.
The FMOC is pausing on raising interest rates today, should tell you something about inflation.
I have enough, don't want for much because my needs are more than met.
Don't have to work at low skill jobs. Interaction with clients, customers, other data managers/system analysts enterprise system architects go fairly smoothly.
Keep the world working.
You won't convince me of your points and I won't waste anymore time explaining that my life is actually doing well. Many here don't like that others are happy because they are unhappy, childish.
The FMOC is pausing on raising interest rates today, should tell you something about inflation.
I have enough, don't want for much because my needs are more than met.
Don't have to work at low skill jobs. Interaction with clients, customers, other data managers/system analysts enterprise system architects go fairly smoothly.
Keep the world working.
You won't convince me of your points and I won't waste anymore time explaining that my life is actually doing well. Many here don't like that others are happy because they are unhappy, childish.
Posted on 11/1/23 at 1:28 pm to TigerTek
quote:
Rural fiber optic installation well under way.
construction jobs holding steady and sometimes increasing.
Wages increasing.
Consumer still spending.
Jobs available.
My 401K doing very well.
On balance my household is keeping pace if not over taking inflation.
Rural internet is small potatoes. It's not even worth mentioning in the grand scheme of our economy
Future construction projects are slowing down due to interest rates, especially new home construction. I work in the commercial credit industry FWIW
Wages are wayyyyyyyy down relative to inflation
Consumers are spending on credit cards. We're at record high balances. This is NOT good.
Jobs are always "available"
How much growth has your 401k experienced this year? And, what are you invested in?
This post was edited on 11/1/23 at 1:32 pm
Posted on 11/1/23 at 1:49 pm to GBPackTigers
quote:
Only the economic illiterate thought this would help the citizens and not the politicians.
Aka democrat voters. They had a bunch applauding Biden all over social media for doing something about the runaway inflation that he caused.
Can’t fix stupid.,
This post was edited on 11/1/23 at 1:54 pm
Posted on 11/1/23 at 1:57 pm to VOR
Please list projects
Posted on 11/1/23 at 3:07 pm to VOR
quote:
Well, in response, I’d point to the infrastructure projects completed or underway. Of course the House is trying to take away some of the Act’s funding as part of the continuing political theater.
So, is the IRS building roads now?
Posted on 11/1/23 at 3:21 pm to VOR
quote:
Inflation Reduction Act was always a misnomer, but the legislation was beneficial on balance.
Posted on 11/1/23 at 3:29 pm to VOR
quote:Yep. Weaponizing the IRS so they can do armed incursions into your lawn man's home because he didn't document his company's accounting inflows and outflows correctly is really beneficial.
the legislation was
beneficial on balance.
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