@zachary715 said in Student Loan Forgiveness Rant:
Or raising taxes on everyone to allow gov't employees to be paid comparable wages to privately employed. Still sucks lol
"I'm going to run on a platform of raising taxes to pay government workers more" - Said no one ever.
@dustinb3403 said in Student Loan Forgiveness Rant:
@storageninja said in Student Loan Forgiveness Rant:
@zachary715 said in Student Loan Forgiveness Rant:
HIs whole argument here is that it's the public sector which is offering this benefit with "our" tax dollars. I think he's fine with private businesses doing this same matter because they aren't operating with a $20trillion and growing debt with no solution in sight
The alternatives are raising salaries a bunch for government roles (unpopular), or only historically rich, or the very stupid will end up working in government as the private sector absorbs everyone with debt who's smart. All of these options suck
Why are those the only options?
Why not just make people pay their bill, period?
If government continues to pay at LEAST 20% below the free market, we get rid of their pension systems (largely being done at the city and state level) and they can't offer things like loan forgiveness in what world do we not end up with the government full of the dumbest workers?
@dustinb3403 said in Student Loan Forgiveness Rant:
Public sector needs to get their **** together.
Voters refuse to allow the public sector to pay above the private. (This used to be a thing). Barring that they've had to get creative to attract talent.
@zachary715 said in Student Loan Forgiveness Rant:
HIs whole argument here is that it's the public sector which is offering this benefit with "our" tax dollars. I think he's fine with private businesses doing this same matter because they aren't operating with a $20trillion and growing debt with no solution in sight
The alternatives are raising salaries a bunch for government roles (unpopular), or only historically rich, or the very stupid will end up working in government as the private sector absorbs everyone with debt who's smart. All of these options suck 
@dustinb3403 said in Student Loan Forgiveness Rant:
@storageninja said in Student Loan Forgiveness Rant:
@dustinb3403 said in Student Loan Forgiveness Rant:
Screw the kids, Darwinism needs a leg up here.
RSV, is a cold doesn't really have any genetic lottery winners. It tends to strike pretty equally on them all before their immune systems develop and we find out how good their genes are. It's harmless to anyone with a developed immune system but when it hits a kid 10 days old its a different matter.
Okay, so have the private sector pick up this research, I don't see why researchers in the public sector need to do this and get their loans forgiven.
There's no money in pediatric vaccines for the private sector (Beyond government grants to fund things). Since there is no non-human host once you make a vaccine we will pretty much destroy the virus in 10 years (hopefully less). You could set up a contract vehicle and have them employed this way, but most clinical researchers are affiliated with Medical Schools (which are overwhelmingly non-profit/public institutions). K-Grants are designed for young researchers for 3-5 years to get them started until they can start getting either contracts from private companies or from the NIH (It's a one-time starter grant).
@dashrender said in Student Loan Forgiveness Rant:
Hold the phone - the government paying you a lower salary than you can earn in the private sector, and instead that money going to the loan is the same as you a private citizen paying the loan, just the middle man is removed. Please lower taxes for the employee, because income used to pay the loan would be taxable..
We actually have something similar in the private sector. You have a tax credit for federal income tax against state and local taxes paid. Some argue it encourages wasteful spending. What your arguing is that cities and states with high taxes and benefits should not get a break on federal income tax for their residents, and instead money should be double taxed.
@dustinb3403 said in Student Loan Forgiveness Rant:
Screw the kids, Darwinism needs a leg up here.
RSV, is a cold doesn't really have any genetic lottery winners. It tends to strike pretty equally on them all before their immune systems develop and we find out how good their genes are. It's harmless to anyone with a developed immune system but when it hits a kid 10 days old its a different matter.
@dashrender said in Student Loan Forgiveness Rant:
Question - do you think it's BS that people that work for Cox Communication get free free cable/phone/internet because they work there? The loan forgiveness as a government employee is really no different.
Other untaxed benefits. Hotel and airline mile points. I've known guys in sales getting like 40-50K worth of untaxed fringe benefits for this. This is basically a subsidization of traveling sales roles by the federal government. I spent a week in Bali with TAX FREE earnings from my Marriott points if we want to get pedantic. The optics on that politically look awful.
I work for a software company so I can eat 2 meals a day in our break room from all the ridiculous stuff we have (also not taxed).
@anthonyh said in Student Loan Forgiveness Rant:
You must make 120 qualifying payments towards a federal student loan before they will forgive the loan. They will forgive the remainder of the federal loan once that requirement is met. And these qualifying payments do not start until you're on an Income Based Repayment (IBR) plan.
If you make 120 payments for most people on IBR you are going to have paid the base balance (or most of it). IBR penalizes you for being married (My income is added to my wife's and they don't divide by 2) so because of my earnings even if we did the 10-year plan (She's eligible) I'd still end up paying almost as much as just paying it down early (What I"m doing). You have to pay interest all that time on IBR, and 10 years of interest on a reasonably high interest loan is a thing.
Now I'm hoping (Fingers crossed) My wife gets a K grant from the NIH (which will pay off something like 35K a year). This helps offset the fact that researchers make basically 1/2 to a 1/3 what they could get on the private market. The point of these mechanisms is to make sure smart people (from a poor background) actually can go into government service, education, or research. While she could go into private practice we all benefit more from her doing research into Vaccine development for virus's that kill small children.
@dustinb3403 said in Student Loan Forgiveness Rant:
@penguinwrangler said in Student Loan Forgiveness Rant:
@dustinb3403 said in Student Loan Forgiveness Rant:
@momurda said in Student Loan Forgiveness Rant:
That isnt how it works from @PenguinWrangler description.
The forgiveness will be taxed as income, probably at the rate bonuses/lottery income, much higher than regular income unless he is making tons of money(he isnt if working for feds).
He is essentially an indentured servant to the federal government for the next decade.Also, people saying the government shouldnt be spending money on education, LOL.
It should be the highest expenditure of the federal government and local governments.
It should dwarf the War Department's budget.Spending on education is fine, spending to remove debt that someone agreed to is that individual persons responsibility. Not the public's responsibility.
I understand what you are saying. I get where you are coming from. I have set myself and family up to have my loans paid off in the next 5 to 7 years. Without the forgiveness. I have been eating a lot of ramen and pb&j for lunch. We have been watching our money closely. Whether or not the government should do this is one thing. I would be stupid not to take it though when it is available to me.
My stance isn't with you. It's with the system, how it's rigged and royally helping 1 and screwing over 1000.
You said your self that this 63K debt is tax-free. That's insane.
Depends on which tax schedule you use.
The tax on 63K at long-term capital gains rate (it's a long-term payback, and it's not THAT much money) is 12% or ~7.56K note a huge amount.
Also, lots of stuff is tax-free. I didn't pay taxes on the money I put into my 401K. That's $5940 (or $11,880 joint filed, as I'm maxing out my wife's account) worth of taxes I'm not paying every year! The earnings in my Roth IRA are tax-free (I put in 11K last year, and the 8% gains for the year on it are tax-free!)
@dustinb3403 said in Student Loan Forgiveness Rant:
Why / when did this become an acceptable practice?
Discharging of debts as a government mandated process? 1787 when the constitution mandated Congress to write uniform bankruptcy laws. Reorganization of unpayable debts? (Chpt 11) 1930's.
The limitations on discharging of education loans in bankruptcy or through the courts or law is actually a relatively new thing.
@dustinb3403 said in Student Loan Forgiveness Rant:
Sorry people, pay your debts! Don't be one of the millions of assholes who say "not my problem" it is your problem and it's why this country is royally screwed.
An old proverb. If you owe someone $100 he controls you. If you owe him 100 Million dollars you control him.
I'd argue the problem isn't people not paying back debt, the problem is LOANING people 90K in debt who are statistically speaking unlikely to pay it back (Masters in professional dance). I blame the person extending the loans that were unlikely to be paid back, and collectively (as this is a republic) that's all of us.
When LBJ created student loans, it was originally for STEM, Education, Business, and law degrees. Loan amounts should be weighted based on historical payback rates for a school, major or program.
@tim_g said in HyperV Partitioning:
This disk race condition is hypervisor agnostic, and happens between two or more VMs if one is too noisy.
The race condition happens because of IO components running on top of the lower level, and if they loose communication with the schedule you get a race condition (this is arguably 10x worse on VSA systems though). This is far more of an issue in systems that have IO pass through VM's, than ones where the IO/Networking driver stack is 100% in the hypervisor.
@tim_g said in HyperV Partitioning:
Windows Server runs on top, and every VM runs beside it. The only thing Windows Server can do, is manage the VMs using various components.
The Hyper-V Hypervisor is only 20 MB. It runs in memory. Not sure what you mean by "god awful footprint"?
If that VM is a pure control plane, then I can reboot or patch it without impacting network or storage IO on the other VMs in the same way I can restart management agents on ESXi or KVM right? If Hyper-V is handling the network and storage traffic 100% then surely it must have its own driver stack, and not be dependent on the management VM for these functions, right?
Unless this has changed, you lost every VM on a host from a simple reboot of the management VM previously.
@jmoore said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@scottalanmiller I do a little bit of investing. Nothing too outrageous, just to diversify some of my savings.
If you want to diversify a savings account do a couch potato mix, or if your feeling lazy get a robo to manage it for you.
Just throw it in a couch potato Index mix and call it a day? IF you really want to ignore it a robo mix (Wealthfront, etc)
@dustinb3403 said in HyperV Partitioning:
Their tech team doesn't understand the benefits of OBR10 then and why splitting arrays like this was never a good thing.
Running VM's on the same partition as your hypervisor and having noisy neighbor issues impact the hypervisors ability to perform can cause interesting race conditions. Now if your hypervisor is embedded (can run from RAM once loaded) this isn't a big deal, but in the case of Hyper-V (That has a god awful huge footprint) I wouldn't call this a bad idea.
@bigbear said in IRS and Equifax: The Blind Leading the Blind:
I just want to iterate again, working hard isn't a way to get ahead.
This is incredulous!
Nor should it.
Work should be like a team. A professional one, not a little league team....
@dashrender said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@zachary715 said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@scottalanmiller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@zachary715 said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
When you're company is being accused very publicly as a fraud and the accuser is calling you out on CNBC, every major investing publication is talking about it, and you're the CEO of said public company, there's some "pressure" there as you have to protect the company image.
Yeah, but like I keep saying, I accused the company accusing him of fraud. No one cares.
I've not seen a single publication of merit talking about it. The company looks great, I think, that only clearly fraudulent outlets have been talking about it. What legit publication has made mention of it?
CNBC isn't legit? Seeking Alpha isn't legit? MarketWatch isn't legit?
It's been discussed in the media by multiple outlets which is why I originally shared it here was to get some input and thoughts from those like myself who are consumers. It was a place to discuss it as the news unfolded.
I can't speak about the other two... but CNBC - again I ask, you're kidding right? Like any of the other major new stations they are just click bait news. This story seemed like it would get some viewers so they showed it, I'm willing to bet they put any of their own effort into vetting any of the information provided by Citron.
CNBC is what the entire financial industry watches all day. Seriously, walk into the office of anyone who manages a few hundred million and up and you'll see it on. This is news because Citron picked Valient correctly (I made a @#$@ ton of money off of that stock).
SeekingAlpha has decent writers also (I don't agree with everything they post) but they are generally well respected in that sector.
This would be like someone in finance saying "Arstechnica, isn't a bullshit, clickbait news website"
@scottalanmiller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
I would have said the opposite, he seems awfully focused everywhere else. It's the public that knows he owns the Mavs and focuses there.
Honestly, I forget he owns the mavs. he's got 9 movies, dozens of television appearances (as well as a show) and has sold several tech companies (one Caching one to Akamai, Broadcast.com, something else to AOL).
@dashrender said in How to Grow from a One Man Operation to Two:
I agree. I've worked for several smaller companies, and they all had strick reimbursement policies. i.e. I can't have a rental car for SW next week - I have to use the shuttle. Meals capped at $35/day, etc.
I thought about staying up at the Arboretum and renting a car, but I hate parking in Austin. Instead, I'm just going to bus in (Vonlane drops you off south of the river for the same price as a southwest airlines flight) and bum rides off the local SE's and Alliance guys if I need to go to RoundRock or something. Uber/Lyft is far cheaper than renting a car and parking it for $30 a day at a hotel.
Staying at the Courtyard near the convention center (was like 300 a night).
@zachary715 said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
I know from an investor standpoint, it's not ideal to see a young, growing company with a CEO who may be more focused on signing the next star free-agent player vs developing the next great networking device
You mean like Mark Cuban? (who's a tech billionaire).