Occupy Wall Street

[BrentMusburger]

My point is that certified professional accountants have no more or less of a guarantee of work ethic by the nature of their certification than any other employed person.

I never said they did.

He asked me what I did, and he implied that I never had a job and sat around collecting checks from daddy.

[scorch-]

My point is that certified professional accountants have no more or less of a guarantee of work ethic by the nature of their certification than any other employed person.

I never said they did.

Well you did, but now I guess you didn't... and back to work.

[mg_]

Lol. Whatever you say MG. I don't think of donations to non profits (like bowl games and fraternal organizations) as being charitable giving. I think of charitable giving as being to organizations like the red cross, unicef, educational foundations etc. So does the IRS, that's why they don't allow for a charitable contribution deduction.

You honestly think people won't claim this? I have some land in the Everglades to sell you. I'm not saying it's good or bad that people do donate money like this, but to claim we shouldn't be taxing these people to provide programming like Foodstamps and Low income housing because people donated some money to the Red Cross (or some sort of esoteric 'social development' group) is nonsensical.

I'm sorry you seem to be under the impression people won't do it claim they're giving back to the community by donating to such organizations.


And before you get all butt-hurt like I'm making this up, the BCS bowls are registered as 501(c)(3) organizations. Hence, why Playoff PAC is suing them.

[mg_]

Basically, boom. You can bring your weak shit later on another topic.

[gwolf_]

Basically, boom. You can bring your weak shit later on another topic.

I guess you're right. You win, I concede. I agree with that lawsuit though, they shouldn't have 501c3 status. That violates at the very least the spirit, if not the letter, of the law.

[mg_]

Nah.

[BrentMusburger]

[dane]

This thread is a peach.

[BrentMusburger]

A peach. That must be one of those fancy fruits the 1% eats.

[BrentMusburger]

“The wealth of the computer era and other innovations have made this generation so prosperous that it’s hard for them to remember what life was like not long ago.”

Ohio State University economist Richard Steckel tries to put this in perspective for his new students. “To imagine what living standards were not long ago here and are in much of the world, Steckel suggests they turn off their electricity. To really understand, he says, shut off the plumbing.”

The term "irrational exuberance" derives from some words that Alan Greenspan, chairman of the Federal Reserve Board in Washington, used in a black-tie dinner speech entitled " The Challenge of Central Banking in a Democratic Society" before the American Enterprise Institute at the Washington Hilton Hotel December 5, 1996. Fourteen pages into this long speech, which was televised live on C-SPAN, he posed a rhetorical question: "But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?" He added that "We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability."