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(Mediaite)   Larry Kudlow and Steve Forbes move to nominate Elon Musk as Chairman of the Federal Reserve   (mediaite.com) divider line
    More: Facepalm, Federal Reserve System, Chairman of the Federal Reserve, Fox Business Network's Larry Kudlow, Steve Forbes, Fox Business Network, SpaceX founderElon Musk, Sen.Elizabeth Warren, President Joe Biden's Build  
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1200 clicks; posted to Politics » on 17 Dec 2021 at 9:20 AM (21 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2021-12-17 5:51:53 AM  
He'd be a shoe in if it wasn't for this guy.
Fark user imageView Full Size
 
2021-12-17 5:59:34 AM  
Good thing it's not their decision.
 
2021-12-17 7:40:51 AM  
Larry Kudlow needs to lay off the booze and coke.
 
2021-12-17 7:52:51 AM  

Marcus Aurelius: Larry Kudlow needs to lay off the booze and coke.


Pretty sure that in his case, it's load-bearing booze and coke.
 
2021-12-17 8:11:08 AM  
Ponzi King nominated to run Ponzi Bank. This could work.
 
2021-12-17 8:39:14 AM  
Steve Forbes...yes, he was the first candidate I remember who was pushing for a flat tax (and iirc it was pretty much his only issue). Since, at the time he was one of the richest candidates in the 96 GOP primary, it didn't take a mathematician to realize this was just a way to lower his personal tax burden.

He's argument was pretty much the same thing Elon just parroted this week;

"I pay more taxes than anyone!
Is that fair?
   Everyone should pay their fair share."

The Libertarian wing (eg Rand Paul) have pretty much co-opted his complaints (probably to attract rich donors) and grafted in more sales and use tax crap that doesn't hurt anybody with more money than they know what to do with, but crushes people trying to make ends meet.

I swear to FSM, rich people farking complain about taxes so farking much. They have the means to avoid them. They already write the tax code via proxy anyway. Why do they keep fighting this?

Why are they such miserable people?
 
2021-12-17 8:53:32 AM  

exqqqme: Steve Forbes...yes, he was the first candidate I remember who was pushing for a flat tax (and iirc it was pretty much his only issue). Since, at the time he was one of the richest candidates in the 96 GOP primary, it didn't take a mathematician to realize this was just a way to lower his personal tax burden.

He's argument was pretty much the same thing Elon just parroted this week;

"I pay more taxes than anyone!
Is that fair?
Everyone should pay their fair share."

The Libertarian wing (eg Rand Paul) have pretty much co-opted his complaints (probably to attract rich donors) and grafted in more sales and use tax crap that doesn't hurt anybody with more money than they know what to do with, but crushes people trying to make ends meet.

I swear to FSM, rich people farking complain about taxes so farking much. They have the means to avoid them. They already write the tax code via proxy anyway. Why do they keep fighting this?

Why are they such miserable people?


Because the numbers are so large. The PERCENTAGE is the same, or lower, than a lawyer or a doctor, but the AMOUNT they see going out just pisses them right off.

Maybe if we named aircraft carriers or attack drones after them they'd shut the f*ck up. Or give them exclusive Fendi bags thanking them for deigning us with the means to fund the government that keeps people from ripping them from their mansions and putting their heads on pikes.

"They" take in like $700,000,000 in cap gains, or other investment income and if it's long term, they pay like 15% or short term at normal rates... then they cut it to pieces with whatever deductions and special vehicles they can to cut it... but $80-200 million in taxes LOOKS like they are being ripped off and they want to buy more fancy garbage they can break or toss away when they get bored with it.

Meanwhile... some dude paying 15% on his $50k (gross) is deciding whether he can afford the copay on a doctor's visit or food for the week.
 
2021-12-17 9:03:35 AM  

NewportBarGuy: Because the numbers are so large. The PERCENTAGE is the same, or lower, than a lawyer or a doctor, but the AMOUNT they see going out just pisses them right off.


They have to write that check, whereas the people getting a paycheck never see the money.  I think more people would be pissed if every quarter they had to write a check for their tax payment and saw it all in a large lump sum.
 
2021-12-17 9:07:03 AM  
Steve Forbes shares Mitch McConnell's superpower, which is the ability to project to anyone the audible sound of rampaging crickets with his gaze alone.

Larry Kudlow currently holds the uncontested title of Third Runner Up to the Dumbest Human Being Who's Ever Walked the Earth.

So I'll file this recommendation away accordingly.
 
2021-12-17 9:16:43 AM  

exqqqme: "I pay more taxes than anyone!
Is that fair?


He makes more money than anyone. Is that fair?
 
2021-12-17 9:22:53 AM  
It's adorable when rich assholes have a crush on other people's money
 
2021-12-17 9:23:17 AM  

Marcus Aurelius: Larry Kudlow needs to lay off the booze and coke.


I disagree, I'm not sure he's doing enough, I'd say he should live the dream, consume to his heart's content, sky's the limit!
 
2021-12-17 9:23:31 AM  
As long as there is FOX news or FOX business news, people like Kudlow and Forbes will always have an outlet for their moronic opinions. Does anyone with more than half a brain pay them any attention?
 
2021-12-17 9:25:15 AM  
Let me explain something to you. You see, I got a wife and I got three beautiful children. You know where my children are? They're in a very expensive camp in Ventura. My wife is in an equally expensive health farm where she's trying to lose weight, The Golden Door. A $1,000 a week to lose six pounds. See, I got - I got chauffeurs, I got maids, I got butlers, I got cooks. I live highly. It costs me a lot of money to live the way I do. I gotta have a lot of money . I got have a lot of money so I can juice the guys I gotta juice, so I can get a lot of money so I can juice the guys I gotta juice. And you, Cheapie, you can't take my money. I want my money!

--  The Long Goodbye
 
2021-12-17 9:25:39 AM  
You know how we sent a probe through the sun's corona?

We can do the same with these dipshiats, except we don't need the probe to survive.
 
2021-12-17 9:28:01 AM  
That is the stupidest farking thing I have ever heard.  The entire GQP is is cult of personality.
 
2021-12-17 9:29:07 AM  
Obligatory PSA:

Larry Kudlow has no background or degree in economics.
 
2021-12-17 9:29:12 AM  

exqqqme: Steve Forbes...yes, he was the first candidate I remember who was pushing for a flat tax (and iirc it was pretty much his only issue). Since, at the time he was one of the richest candidates in the 96 GOP primary, it didn't take a mathematician to realize this was just a way to lower his personal tax burden.

He's argument was pretty much the same thing Elon just parroted this week;

"I pay more taxes than anyone!
Is that fair?
Everyone should pay their fair share."

The Libertarian wing (eg Rand Paul) have pretty much co-opted his complaints (probably to attract rich donors) and grafted in more sales and use tax crap that doesn't hurt anybody with more money than they know what to do with, but crushes people trying to make ends meet.

I swear to FSM, rich people farking complain about taxes so farking much. They have the means to avoid them. They already write the tax code via proxy anyway. Why do they keep fighting this?

Why are they such miserable people?


Because we haven't lopped off any of their heads for awhile.

I think we need a billionaire lottery. If you're a billionaire, you're automatically entered in the yearly guillotine drawing. And the more millionaires that pop up every year, we build exactly that many more guillotines and draw that.many more names from the billionaire hat every year.
 
2021-12-17 9:29:47 AM  
Fark user imageView Full Size
 
2021-12-17 9:31:05 AM  
How about "no"? Sound good?
yeah, fark off Musky.
 
2021-12-17 9:32:50 AM  
The Cult of Elon grows worse.  Between him and Peter Thiel, they've ruined entire generations of Americans.
 
2021-12-17 9:33:03 AM  

squirrelinator: Obligatory PSA:

Larry Kudlow has no background or degree in economics.


Yes, but he learned on the job how the buying power of the dollar affects the price of an 8 ball.
 
2021-12-17 9:33:15 AM  
Oh yeah, Steve Forbes.  That one guy so upset with a rock band, he got them permanently banned from a weekend TV show.
 
2021-12-17 9:34:19 AM  
If Larry Kudrow had only done a little more coke and a couple of lines of Plutonium nyborg, he would have endorsed TFG for Chairman of the Federal Reserve.  We sure dodged a bullet on this one, peeps.
 
2021-12-17 9:36:16 AM  
You need more than "a feel" to guide monetary policy -- an academic and practical understanding of economics is sort of necessary.

It's ridiculous to not only consider a layman outsider for the Fed, but also one with an immense private interest in Fed monetary guidance and policy.
 
2021-12-17 9:36:52 AM  

JimmyTheHutt: The Cult of Elon grows worse.  Between him and Peter Thiel, they've ruined entire generations of Americans.


Once the Trump Reich gets into full speed, they're just going to confiscate everything from those guys and throw those guys into camps.  Without their usefulness, conservatives aren't going to keep a gay guy around no matter how much he helped them. And they certainly don't want anyone from Africa to be in the US even if they're paper white.
 
2021-12-17 9:37:08 AM  
Every time I read the name Steve Forbes I am thankful I didn't grow up as a vapid, entitled, useless piece of shait.
 
2021-12-17 9:37:09 AM  
Just what is needed an army of weird nerds pouncing on anyone who criticizes or questions a tiny rate adjustment.
 
2021-12-17 9:39:04 AM  
...I honestly thought subby's headline was satire, until I opened the article.
 
2021-12-17 9:41:03 AM  
Larry Kudlow? You mean this jacka$$?

Fark user imageView Full Size


The guy who immediately changed his tune when corporate profits were threatened by Covid-19? That Larry Kudlow? He can go f**k off.
 
2021-12-17 9:41:43 AM  

Alphax: Good thing it's not their decision.


And I'm sure they'll change their minds if they ever get back in charge.
 
2021-12-17 9:42:30 AM  
I too also believe the fox should guard the henhouse.
 
2021-12-17 9:42:59 AM  

squirrelinator: Obligatory PSA:

Larry Kudlow has no background or degree in economics.


Having expertise in the field would be a detriment in GQP circles.
 
2021-12-17 9:43:02 AM  
Has Elon Musk even gained any relevant experience for that job by being on a reality tv show?
 
2021-12-17 9:44:01 AM  
Fark user imageView Full Size

Fark user imageView Full Size

c.tenor.comView Full Size
 
2021-12-17 9:45:27 AM  

exqqqme: Steve Forbes...yes, he was the first candidate I remember who was pushing for a flat tax (and iirc it was pretty much his only issue). Since, at the time he was one of the richest candidates in the 96 GOP primary, it didn't take a mathematician to realize this was just a way to lower his personal tax burden.

He's argument was pretty much the same thing Elon just parroted this week;

"I pay more taxes than anyone!
Is that fair?
Everyone should pay their fair share."

The Libertarian wing (eg Rand Paul) have pretty much co-opted his complaints (probably to attract rich donors) and grafted in more sales and use tax crap that doesn't hurt anybody with more money than they know what to do with, but crushes people trying to make ends meet.

I swear to FSM, rich people farking complain about taxes so farking much. They have the means to avoid them. They already write the tax code via proxy anyway. Why do they keep fighting this?

Why are they such miserable people?


Most would rather spend more than they would pay just to avoid supporting "those people". While also talking about people needing "skin in the game".
 
2021-12-17 9:46:27 AM  
Has Larry Kudlow ever been right on anything he has said?   I mean really, I have never known one thing he has predicted that came true.
 
2021-12-17 9:46:31 AM  

EvilEgg: NewportBarGuy: Because the numbers are so large. The PERCENTAGE is the same, or lower, than a lawyer or a doctor, but the AMOUNT they see going out just pisses them right off.

They have to write that check, whereas the people getting a paycheck never see the money.  I think more people would be pissed if every quarter they had to write a check for their tax payment and saw it all in a large lump sum.


I know a couple people who have to make quarterly payments and boy do they biatch about it
 
2021-12-17 9:46:49 AM  
history.comView Full Size
 
2021-12-17 9:47:23 AM  
Remember when Steve Forbes ran for president and they put him on SNL and he sucked?

Good times.
 
2021-12-17 9:48:13 AM  

exqqqme: I swear to FSM, rich people farking complain about taxes so farking much. They have the means to avoid them. They already write the tax code via proxy anyway. Why do they keep fighting this?


Because it's not about money for them. It's about ego. It's about power. It's about being exceptional, part of an elitist in-group that declares "the laws and rules of society don't apply to me" while asserting laws and rules that apply to everyone else.
 
2021-12-17 9:50:06 AM  

Ishkur: exqqqme: I swear to FSM, rich people farking complain about taxes so farking much. They have the means to avoid them. They already write the tax code via proxy anyway. Why do they keep fighting this?

Because it's not about money for them. It's about ego. It's about power. It's about being exceptional, part of an elitist in-group that declares "the laws and rules of society don't apply to me" while asserting laws and rules that apply to everyone else.


From "Newsies":
David Jacobs: You talk about self-interest, but since the strike, your circulation's been down 70%. Everyday you're losing thousands of dollars just to beat us out of one lousy tenth of a cent. Why?
Jack Kelly: You see, it ain't about the money, Dave. It Joe gives in to nobodies like us, it means we got the power. And he can't do that, no matter what it costs.
 
2021-12-17 9:50:17 AM  

inglixthemad: Larry Kudlow? You mean this jacka$$?

[Fark user image 850x477]

The guy who immediately changed his tune when corporate profits were threatened by Covid-19? That Larry Kudlow? He can go f**k off.


I'd actually argue Mnuchin made that argument. I actually remember the presser and he basically pushed TFG off the podium because he understood just how bad things were.

Fark user imageView Full Size
 
2021-12-17 9:50:54 AM  

darkeyes: Has Larry Kudlow ever been right on anything he has said?   I mean really, I have never known one thing he has predicted that came true.


He's right that cocaine smells GREAAAAAAAAAT!
 
2021-12-17 9:51:39 AM  

The Lone Gunman: Alphax: Good thing it's not their decision.

And I'm sure they'll change their minds if they ever get back in charge.


They sort of already did that with Judy Shelton.  She was nominated twice.  The first time her nomination stalled.  https://www.cnn.com/2020/11/13/economy/judy-shelton-federal-reserve/index.html

Senate Finance Committee Ranking Member Ron Wyden, a Democrat, said the decision for next week's vote is "an effort to sabotage what little economic recovery we have by installing an unqualified, political pick at the Federal Reserve."
Wyden also called Shelton's ideas "wacky and outdated," and said in a statement Thursday that "giving her authority over the dollar would be like putting a medieval barber in charge of the [Centers for Disease Control.]"


The second time was too late and Biden withdrew it:

https://thehill.com/policy/finance/532516-trump-renominates-judy-shelton-in-last-ditch-bid-to-reshape-fed

Shelton has been widely criticized by former Fed officials economists across the ideological spectrum for her inconsistent views on monetary policy, controversial proposals and closeness to Trump.

So, the inconsistent views that we're talking about is that Shelton blows with the wind.  She went from complaining endlessly about Obama's money printing to demanding the Fed lower rates as soon as Trump said the same.  Trump argued for negative rates.  She argued that negative rates were great.

Then there's the goldbuggery, which doesn't even fit in with wanting low Fed rates.  She's all over the place.  She, like Kevin Hassett and Peter Navarro, have learned that if you tell Republicans whatever it is they like to hear, they will reward you.
 
2021-12-17 9:52:27 AM  

Ishkur: exqqqme: I swear to FSM, rich people farking complain about taxes so farking much. They have the means to avoid them. They already write the tax code via proxy anyway. Why do they keep fighting this?

Because it's not about money for them. It's about ego. It's about power. It's about being exceptional, part of an elitist in-group that declares "the laws and rules of society don't apply to me" while asserting laws and rules that apply to everyone else.


memegenerator.netView Full Size
 
2021-12-17 10:02:07 AM  
Sorry, but no. Musk is a douche. I'm glad he helmed the biggest name in EVs and help make them mainstream, but that doesn't change the fact he's still a douche. He's not a financial genius; he's a pompous cock who got lucky and now has enough money that he will never go broke even if he makes Trump-esque business decisions.

Here's the thing that wealthy people don't want you to know: the biggest deciding factor on whether you become "one of them" isn't intelligence, ideas, or business acumen. It's dumb farking luck, though having a wealthy thumb on the scales in your favor works even better.

He isn't a genius, he isn't special, he isn't fit to run any business or organization that doesn't rely on slavering fans, "dank memes", or money-lusting millenials crying for "Daddy Musk" to take them to Mars. Much less the Fed.
 
2021-12-17 10:02:17 AM  

puffy999: exqqqme: Steve Forbes...yes, he was the first candidate I remember who was pushing for a flat tax (and iirc it was pretty much his only issue). Since, at the time he was one of the richest candidates in the 96 GOP primary, it didn't take a mathematician to realize this was just a way to lower his personal tax burden.

He's argument was pretty much the same thing Elon just parroted this week;

"I pay more taxes than anyone!
Is that fair?
Everyone should pay their fair share."

The Libertarian wing (eg Rand Paul) have pretty much co-opted his complaints (probably to attract rich donors) and grafted in more sales and use tax crap that doesn't hurt anybody with more money than they know what to do with, but crushes people trying to make ends meet.

I swear to FSM, rich people farking complain about taxes so farking much. They have the means to avoid them. They already write the tax code via proxy anyway. Why do they keep fighting this?

Why are they such miserable people?

Because we haven't lopped off any of their heads for awhile.

I think we need a billionaire lottery. If you're a billionaire, you're automatically entered in the yearly guillotine drawing. And the more millionaires that pop up every year, we build exactly that many more guillotines and draw that.many more names from the billionaire hat every year.


Why are you so angry?
 
2021-12-17 10:02:36 AM  

puffy999: Because we haven't lopped off any of their heads for awhile.

I think we need a billionaire lottery. If you're a billionaire, you're automatically entered in the yearly guillotine drawing. And the more millionaires that pop up every year, we build exactly that many more guillotines and draw that.many more names from the billionaire hat every year.



Fark user imageView Full Size
 
2021-12-17 10:10:00 AM  
Sure, let's put one of the richest men on Earth in charge of The Fed.  He can put all his $billions in a blind trust where he totally won't be able to manipulate things to his advantage.

Fark user imageView Full Size
 
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