Yup. Money is only useful if it's moving. Money sitting still is just paper.
The Elon Musk "Love Will Keep Us Together" Appreciation Thread
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Yup. Money is only useful if it's moving. Money sitting still is just paper.
shade
Well-known member
shade
Well-known member
I find stationary paper money to be useful.
I find stationary paper money to be useful.
Once you have enough for emergencies, excess cash loses value every day. Holding it is useless. It’s an asset that should be deployed to do something. Hire people, invest in businesses, or just buy stuff or experiences to make your life more enjoyable.
You will never find someone with a high net worth that just has a (relative) ton of cash on hand and not working somehow.
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That’s why I inserted that (relative) in there. And the percentage of cash on hand will get lower and lower as net worth goes up.
Example: $1 million net worth and you might keep $100-200k in the bank or in a money market fund.
$1 billion net worth probably can’t cut a check for $100 million.
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Ah, I see!
I mean, there has to be a bank account with "cash", because otherwise his card would be rejected if he attempted to buy anything over the smallest item.
But I'm glad we agree
calicamper
Expedition Leader
Why GM Hasn't Paid Federal Taxes In Over 10 Years | GM Authority
GM hasn't paid federal income taxes in over a decade and likely won't for the near future, and an economist explains why.
gmauthority.com
Drop in the Bucket.
If your angry about US GOV assisting companies you need to open your eyes and look at ALL companies. Then ask your self this. Do other Countries help their companies? Even provide spies to steal data and technology from US companies? The answer is yes! Yes there are Governments that actually fund corporate spies.
So is it wrong that the US people represented by our GOV not help major employers? Do you really think our US Companies can compete with Chinese GOV backed companies with no US GOV support?
Loss carry forwards are extremely different from direct subsidies for the products you produce.
But then if you’ve never run a business or don’t know anything about corporate finance...
Loss carry forwards are like a personal tax refund. Subsidies are more like food stamps.
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But then if you’ve never run a business or don’t know anything about corporate finance...
Loss carry forwards are like a personal tax refund. Subsidies are more like food stamps.
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calicamper
Expedition Leader
Most nay sayers get their pantys in a twist when people buy non American stuff too. Funny how Tesla started out selling Mercedes last yr and you don’t see these people whining about the tax deals cut with Mercedes to get their plant in Alabama.
Most of us don’t care what Alabama does with Alabama’s money.
I do care what the Federal Government does with MY money. They invested in a company that can’t turn a profit. It’s a bad investment.
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shade
Well-known member
This thread is prima facie evidence to support another viable project for Musk Heavy Industries.
Humor Recognition Using Deep Learning
Peng-Yu Chen, Von-Wun Soo. Proceedings of the 2018 Conference of the North American Chapter of the Association for Computational Linguistics: Human Language Technologies, Volume 2 (Short Papers). 2018.
calicamper
Expedition Leader
You think Mercedes hasn’t received US gov money? Really?
With your logic no GOV business loans should ever be issued to the highest failure rate businesses. Any guesses what those are?
Ma and PA Restaurants
Those small business loan failures make Tesla look like a hiccup in a kids Lemon aid stand budget.
So its ok to continue to provide a foreign held company tax credits talking decades worth both state and Federal. Mercedes is being out sold 3 to 1 by a new American company that your bent up about because they have legally borrowed money and legally secured State and Federal funding. Just like a foreign held Mercedes has?
Really the question should be. Why do live here in the US? What do you contribute? Besides unbalanced criticism of American Companies using all the financial tools legally made available to them so they can grow and succeed and yes become profitable.
Will Tesla be bought? Probably Elan has repeatedly said he never wanted to make cars! He wanted to elicit change in the Automotive industry. Guess what Ford is building a vehicle that’s basically using Tesla design now!! Hell VW is ALL in!! Also building cars based off of Tesla technology.
In 10 yrs I wouldn’t be surprised if Tesla breaks up simply because the Goal was accomplished. Yep the goal that finally the public gets EVs they can use.
Why GM Hasn't Paid Federal Taxes In Over 10 Years | GM Authority
GM hasn't paid federal income taxes in over a decade and likely won't for the near future, and an economist explains why.
Drop in the Bucket.
If your angry about US GOV assisting companies you need to open your eyes and look at ALL companies. Then ask your self this. Do other Countries help their companies? Even provide spies to steal data and technology from US companies? The answer is yes! Yes there are Governments that actually fund corporate spies.
So is it wrong that the US people represented by our GOV not help major employers? Do you really think our US Companies can compete with Chinese GOV backed companies with no US GOV support?
Yeah, and if we comment on a murderer, we should also mention other murderers, because they did it too. Look up "whataboutism".
I'm not an American, and I'm from a small country. We don't have much of a car industry here (to put it lightly). Not necessarily disagreeing with you.