RANT: Interesting photo of “insurrection”?

Thursday, December 14, 2023

Don’t you dare assemble and “petition your government for redress of grievances.”

FARK.com: (13082318) LAPD issues warning about “possible first amendment activity” because we can’t have that now, can we?

https://www.fark.com/comments/13082318/166397076/LAPD-issues-warning-about-possible-first-amendment-activity-because-we-cant-have-that-now-can-we#c166397076

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Posted by reinkefj

ECONOMICS: Big deffered contract takes a big risk?

Thursday, December 14, 2023

https://www.dailymail.co.uk/sport/mlb/article-12853145/baseball-fans-slam-shohei-ohtani-deferred-contract.html

Baseball fans SLAM Shohei Ohtani’s ‘league-killing deal’ after it was revealed he will defer $680m of his eye-watering $700m contract… as rival supporters blast MLB’s ‘downright laughable’ decision to give green light | Daily Mail Online
By Jake Fenner For Dailymail.Com
Published: 23:39 EST, 11 December 2023 | Updated: 00:11 EST, 13 December 2023 

*** begin quote ***

  •     Ohtani’s deal will see the bulk of the contract paid out after it ends in 10 years 
  •     Baseball fans were irate at the structure and that it was allowed to happen 

*** end quote ***

The Dodgers must have channeled their inner Bill Belichick.  This will get everyone’s shorts in a knot.  Especially the politicians and bureaucrats in the Pepuls Republik of Kaliforkneeah.  That’s a lot of money they can’t steal.  And it’s a big risk to take on the financial stability of the Dodgers and the future value of the USD.  Wonder what kind of Futures Contract he’s buying to protect it.

While I understand the motivations behind “stretching the rules”, it’s NOT without some significant risks IMHO.

It violates my favorite heuristic (rule of thumb; “common sense”; pov) that one should always “take the money and run”.  

It’s not beyond the imagination to conceive of the politicians and bureaucrats of the Pepuls Republik of Kaliforkneeah creating a special income tax rule for “deferred compensation”.  Watch for it!

AND, inflation AKA dollar depreciation is for SURE to erode that deferred wealth.

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Posted by reinkefj