I'm particularly enjoying the sentiment after Castlevania was Bisexual, The Show.

They've both been pretty great but I've got a lot of catching up to do on Nocturne.

I see we can mark off "double down on wartime economy boost" on the recession check list.

For real. I've begun to associate "@lemmy.world" with the most average r/Politics liberal takes and talking points.

They're too busy clutching pearls because we dare defend the right to bear arms. At this point, it really can't be good for the pearls.

There's a little irony in that the only way to break the partisan deadlock - which has shifted from anything voters give a shit about to the parties' own favorite stances and issues - is to introduce a third party wild card.

They hate that argument - likely because they're well-aware on some level.

By continuing to prop up a given candidate not for their actual policies and skills but instead simply because they're our party / they're not other party, they've enabled mediocrity and incompetence for many cycles now - and we're seeing the predictable results of that strategy.

This is the brain on partisanship.

That's fair. I had only been considering the new purchases at those rates - I suppose anyone locking in a refinance at 2.5% would be spending far less than they were and similarly be less burdened.

Another oldie... but a goodie.

It's kind of amazing the extent to which COVID-era remote work policies proved this out. Simply not being in the office and subject to the myriad inanities and sanity's death by a thousand cuts was so nice.

I wonder how long we've got until mortgage defaults start piling up again. I seem to recall we're already at absurd levels of default on consumer credit - adding corporate bankruptcy to the mix seems like we've seen another of the four horsemen.

Edit: yeah, consumer loan delinquency rates started climbing in q3 '21 - seems to be about the same time the Fed started hiking rates. Correlation doesn't imply causation and all, but I suspect the increased prime rate may have resulted in increased interest and fees in variable rate credit e.g. cards, resulting in a higher payment burden on any existing debt.

It seems to line up well with an increased slope on total household debt. Interestingly enough, Q1 this year showed that slope flattening.

We currently seem to be trending down in mortgage delinquency rates - perhaps people are taking advantage of the inflated housing prices to sell and rent in the mean time? I have no idea what would explain this as contrasted with overall interest debt and delinquency.

What’s most concerning about China’s apparent slowdown isn’t simply that its economic growth is stalling. According to analysts, the current downturn suggests China’s former glory days were never really sustainable to begin with.

In fact, some economists and experts had been sounding alarm bells for well over a decade.

This includes Yu Yongding, a former member of the People’s Bank of China’s monetary policy committee, who in a 2010 opinion piece for China Daily suggested that the country’s rapid growth had been achieved at “an extremely high cost.”

“[China’s] growth pattern has now almost exhausted its potential. So China has reached a crucial juncture: without painful structural adjustments the momentum of its economic growth could suddenly be lost,” Yu wrote.

It'll be interesting to see how China's economy adapts here - if this really is the emergence of a pattern of collapse due to growth never having really been sustainable, I'm not sure what could really be done.

I can't help but wonder if this might result in potential future expansion of lines/routes. They seem to be emphasizing operational efficiency e.g. with the callout to cleaning, inspection, and maintenance as well as emphasizing addressing deficient or bottlenecking infrastructure - at the very least, this should make it more feasible to run more lines over current service area.

You've managed to avoid the knee-jerk "useful idiot" etc vitriol? I'm impressed and envious.

The lack of Google/Microsoft enshittification is a huge draw.

The various @politics communities are currently chock full of a weird deflection of all jokes and criticisms of Biden and a focus on jokes and criticisms about Trump. It's pretty hard to see how the blue team part to this pans out at all.

Frankly, this seems to be the natural culmination of a trend in how liberals define themselves as not the other team to such an extent they lose all self-reflection and totally miss how they're incidentally letting the other team shape them. They've pretty much entirely lost touch with the reality that exists outside upper-middle-class suburbia.

You nailed it in that they suddenly care about not dedicated proud Democrats long enough to try and doom-and-gloom you into voting for them - with the ironic fire and brimstone messaging lost on them - but once the election ends, at best, you cease to exist. At worst, you're part of a bloc that didn't unanimously vote blue therefore are to blame for the loss.

Does it scare me? Not overly much - I still suspect we're equal parts just seeing brought to the surface what was always there via social media and idiocy amplification, and the unfortunate endgame of partisanship and the resulting ideological and governmental deadlocks. It's unfortunate and saddening but not overly worrying.

What does worry me is their tendency to mirror their opponents in rhetorical patterns, messaging patterns, dogpiling, groupthink, etc. with absolute unawareness of such. ~2/3 the country is so deadlocked on fuck the other team they can't even fathom they're both getting fleeced. I'm not sure how much longer that is going to be sustainable... but throw that into the bucket of things they don't actually care about and don't want to think about.

deleted by creator

Hexbear is the chemo to the r/Politics migration that is killing Lemmy.

Could seems to be doing some heavy lifting here. What are you deriving that from?

They find that while it's much more expensive to audit the wealthiest tax payers, it's still a hearty return on investment. Auditing the top 1% yields $4.25 per dollar spent, and that number soars to $6.29 when auditing the top 0.1%.

Top 1%: $4.25 yield per $1

Top 0.1%: $6.25 yield per $1

What do these points actually mean?

Per DQYDJ:

What is the top one percent household income in the US in 2022?

In 2022, the threshold for a household to be top 1% was $570,003 in earnings.

Sure, that's hard to do by all standards, even silicon valley. The article goes out of its way to highlight the Top 1% and above are "adept" at evading taxes.

But what's this about Top 10%?

Summary bullet-point:

Economists find that every extra dollar spent on auditing the top 10% of taxpayers yields $12 in revenue.

Content:

And pouring even just a bit more money into auditing the rich could yield a lot more revenue, with every additional dollar yielding up to potentially $12 in revenue from the top 90th percentile of earners.

So, they really mean Top 10%.

Top 10%: $12 yield per $1

Weirdly enough, the article does not speak to this group beyond potential profit. No mention of tax evasion, no mention of avoidance, just profit. One must assume it's much easier to squeeze that ~33.2 million people (10% population) million via audits.

What does top 10% actually mean?

Per DQYDJ:

What was the top 10% household income percentile in 2022?

The threshold to be in the top 10% of household incomes in 2022 in the United States was $212,110.

That's... a bit odd. 212k household is pretty easy to do even here in Des Moines for any two professional or STEM earners.

Per SoFI, the average salary in the US is $60,575. Double that to approximate household and you're at $121,150. If we shift to median to help rule out outliers, $56,420/$112,840.

With a median of $112, it's hard to see how "top 10%" is only double. This screams of an outsize "middle" range. Shift back to the DQYDJ page and the chart shows exactly that: roughly linear scaling from the 10% mark up through 90%, with a severe spike at 99%.

It's quite clear something is up with the >=99% spike, worthy of audits and scrutiny.

The callout of 10% - despite significant drop in household earnings - makes a person wonder when the focus will shift to 15%, then 25%, etc. We've left the land of clear problem and seem to be opportunistically extracting revenue at that point.

Hey, all. Like many, I'm bailing on Reddit given the drama and sheer disrespect for everyone, trying this community with a few friends.

I'm an Iowan, soon-to-be dad, equally-avid gardener and range time enthusiast, software engineer, gamer, etc. Based on the other intros, seems like I'll fit in well enough.

I wish I was consumed with exploring Hyrule; the pre-baby DIY crunch is too time-consuming.