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CZEdwards (time for Truth & Reconciliation) Nov 12
A 5% tax on 55K a year is $10.57 per work day. You know what this sounds like? A WAY TO PROP UP THE COMMERCIAL REAL ESTATE SECTOR, WHICH IS FLAILING ITS WAY TOWARDS IMPLOSION. And which needs a massive realignment. Deutsche is trying to avoid their (WELL EARNED) haircut.
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CZEdwards (time for Truth & Reconciliation) Nov 12
Replying to @CZEdwards
Also: this is absolutely NOT the way to deal with a pandemic. It’s a 180 from what we should be doing, which is Italian style lockdown, with salary support. Paying people to stay home & work from home needs to be INCENTIVIZED, not punished. We can buy fewer fighter jets.
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CZEdwards (time for Truth & Reconciliation)
Deutsche needs to be broken. (A reminder: They were the Nazis’ bank. They were broken up under the Marshall Plan, and were not supposed to be allowed to consolidate. But that didn’t even last 10 years.)
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CZEdwards (time for Truth & Reconciliation) Nov 12
Replying to @CZEdwards
Also, I am deeply offended that Deutsche thinks $55K a year is luxury living. It’s $26 an hour, which is about $18.50 in take home. And you know what? If the minimum wage and the poverty level had kept up with inflation? 55K would be the upper end of that bubble.
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CZEdwards (time for Truth & Reconciliation) Nov 12
Replying to @CZEdwards
A person making $55K should be paying about $960 a month in rent (30% of monthly take-home). Not happening most places. I note that $45K is now median starting salary for a freshly minted young therapist (MS counseling, LCP) & several other professions that require grad school.
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CZEdwards (time for Truth & Reconciliation) Nov 12
Replying to @CZEdwards
I also note that when most places pass taxes, they’re passing a 1/2 cent sales tax or a 1 percent tax luxury use tax (like on a hotel room or rental car) — not a new 5% income tax that will depress wages for years. Want to fund the front line? FUND IT.
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CZEdwards (time for Truth & Reconciliation) Nov 12
Replying to @CZEdwards
I realize that the people responsible for Deutsche in the 1930s and 40s are almost all dead now. I don’t really care. Some crimes are so heinous that the stain cannot be erased. Neither a corporation nor a state can do penance. Some punishments must last more than a century.
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Leslie Bernard 🔥 Nov 12
Replying to @CZEdwards
I can’t be the only one with visions of the bank basement from The Umbrella Academy dancing in my head.
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CZEdwards (time for Truth & Reconciliation) Nov 12
Replying to @knitntherapist
YUP. And we know there was a hell of a lot of stuff that got lost. Like the Amber Room. Ut would make sense that Deutsche is now the money launderer to the stars. Most laundries start out doing their own money, then branch out because there’s not more risk & provides leverage.
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Richard Nov 12
Replying to @CZEdwards @jonrog1
I tweeted about how crooked we at my former investment bank thought they were in the late 90's-00s. Friend was a bank investigator. We figured it was left alone because EVERYONE used it. Govts for off books funding, shady dudes used them because... shady dudes.
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GreenEngineer Nov 12
Replying to @CZEdwards
1944: Nazi's Bank 2020: Trump's Bank Some things never change.
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JoeyRJust Nov 12
Replying to @CZEdwards @jonrog1
Ah, so they have a history of dealing with racist assholes who don't pay taxes. Cute.
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El Çid Nov 12
Replying to @CZEdwards
but someone had to feel bad for the Russian organized crime leaders seeking to launder their money, right?
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CZEdwards (time for Truth & Reconciliation) Nov 12
Replying to @EnBuenora
Hahahahahahahahahahahahaha ... ... The can get themselves some influencers. Run money through Masterworks dot io. Overpay for performance art. Add some fictitious trash customers, some fictitious pawn customers. (So many ways to launder without gyms & restaurants.)
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