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Many sources are reporting that Trump finally signed the pandemic relief bill:
- Trump signs stimulus and government spending bill into law, averting shutdown
- Trump Signs Pandemic Relief Bill After Unemployment Aid Lapses
- Trump signs stimulus bill ahead of government shutdown, releasing checks and aid
- Trump signs COVID relief bill amid pressure, but adds conditions
Not gonna summarize all the bits in it - it's some 5k pages of legalese gobbledygook, but I understand it continues augmented unemployment benefits, eviction suspension, funding to prevent government shutdown, and another direct cash payment.
I'm sure it also has a bunch of "porky pork", but the people are suffering, time is of essence, and it should have been done months ago.
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Trump Signs $900 Billion Pandemic Relief Bill
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If the thunder don't get you, then the lightning will.
(Score: 1) by khallow on Thursday December 31 2020, @12:45PM (5 children)
Why would there be "too high" taxes on a building with negative value? Last I heard, taxes were more or less proportional to the value of the property.
In other words, they destroyed good property because of bad tax law. Among other things, it's the broken window fallacy. And I find it remarkable that you think holding raw land for two decades is better.
(Score: 2) by barbara hudson on Thursday December 31 2020, @08:50PM (4 children)
If you're a developer and you can't rent out or sell a warehouse, it's value decreases with time while it's carrying costs increase. After a while just the passing of time means it's no longer grade a, so it's less desirable than vacant land that can be custom built to a tenants needs.
It's why many commercial buildings are either bulldozed, imploded, or gutted after 50 years - they're worth less in their current state than the land on which they sit is worth empty.
It's like swimming pools. They used to add value to a home. Then they came to be seen as a negative feature with high maintenance and the need to add restrictive ugly fences that took away the aesthetic. People were deducting the cost of filling in the pool from their offers.
same with fireplaces. Can't use them even with catalytic chimneys, so deduct the cost of removing and repairs to the walls.
The benefits in terms of fewer winter smog days made the banning of fire places worth it. In most cases, even with heating inserts, they were still net losers of heat, and raised insurance rates. People don't miss them after a while.
Same as they don't miss the old diesel buses when the hybrids are quieter and cheaper to run, and the electrics even quieter and cheaper. Less pollution and air conditioned are just plain nice bonuses. Tax payers like that. Same with school buses.
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(Score: 1) by khallow on Thursday December 31 2020, @10:12PM (3 children)
Because you wrote "new homes" and "brand new warehouses". That's not a sign of a healthy economy when valuable real estate gets destroyed merely to lower property taxes.
Sorry, that's not it. You started this thread talking about real estate from the last real estate bubble. Most that is less than 20 years old. I have no problems with old structures being razed to make way for a more valuable use of the property. That's human history ever since we started building stuff thousands of years ago. What's different here is destroying new property merely because of taxes. It's particularly ridiculous since you started this thread advocating for high taxes. So we see here that one of the problems of your higher taxation is that it encourages more destruction of good real estate. That's dumb.
I also am less than inspired by your examples. I assure you that in warm climates those pools are still seen as advantages. And making fireplaces and diesel buses costly via regulation is just more of the same bad ideas you've been having.
(Score: 2) by barbara hudson on Thursday December 31 2020, @11:40PM (2 children)
After all, dead people don't contribute to the economy, or the tax base.
'kind of like the story of your life. And you're never going to have any sort of professional career. Simply not qualified by either temperament or ability.
SoylentNews is social media. Says so right in the slogan. Soylentnews is people, not tech.
(Score: 1) by khallow on Friday January 01 2021, @02:17AM (1 child)
Communities are notorious for being unable to make such calculations.
(Score: 2) by barbara hudson on Friday January 01 2021, @03:57AM
We banned fireplaces years ago. Winter air is noticeably cleaner.
The hybrid buses are quieter, and use less fuel despite being air conditioned.
Which is why there's almost a billion being spent on an underground garage for the new electric fleet, and more $$$ for another 800 all-electric buses. And 5 billion or more for an electric regional transit system to connect to the existing electric subway system.
So maybe communities in the USA are still shitty at defying lobbyists, but that's your problem. Not mine. We've got tons of clean green electricity, might as well use it.
SoylentNews is social media. Says so right in the slogan. Soylentnews is people, not tech.