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Re: No

Posted by merrick1 on Sun Oct 26 12:37:47 2014, in response to Re: No, posted by Olog-hai on Sat Oct 25 19:15:26 2014.

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The original post was about the MTA's money problems. The LIRR pension scandal involved the Railroad Retirement Act which is a federal government benefit. The scandal didn't cost the MTA anything.

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(1320904)

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Re: Is it time NYCT consider peak/off peak fare structure?

Posted by Nilet on Sun Oct 26 14:58:21 2014, in response to Re: Is it time NYCT consider peak/off peak fare structure?, posted by Broadway Lion on Sun Oct 26 10:05:39 2014.

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Wait what? If you're rich, you presumably have a very high income because invested wealth generates returns.

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(1320910)

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Re: Is it time NYCT consider peak/off peak fare structure?

Posted by Broadway Lion on Sun Oct 26 15:14:16 2014, in response to Re: Is it time NYCT consider peak/off peak fare structure?, posted by Nilet on Sun Oct 26 14:58:21 2014.

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Nope.

All of my assets are in Gold. No inflation for this LION. LION files NO income tax return whatsoever.

ROAR

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(1320911)

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Re: Is it time NYCT consider peak/off peak fare structure?

Posted by Nilet on Sun Oct 26 15:23:23 2014, in response to Re: Is it time NYCT consider peak/off peak fare structure?, posted by Broadway Lion on Sun Oct 26 15:14:16 2014.

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All of my assets are in Gold.

Be careful not to vacuum it up.

No inflation for this LION.

No, but gold prices fluctuate wildly.

LION files NO income tax return whatsoever.

If you sell the gold for more than you paid for it, you'll have to file in income tax return.

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(1320912)

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Re: Is it time NYCT consider peak/off peak fare structure?

Posted by Broadway Lion on Sun Oct 26 16:00:15 2014, in response to Re: Is it time NYCT consider peak/off peak fare structure?, posted by Nilet on Sun Oct 26 15:23:23 2014.

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Only if it is gold certificates or gold instruments of some sort.
Bud not if it is gold coins or gold bars stashed in a strong box under my bed. I buy gold, government knows nothing. I sell gold, government knows nothing.

Keep government in a cool damp place, pour shit on it, and at least you will get mushrooms from it.

ROAR


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(1320913)

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Re: Is it time NYCT consider peak/off peak fare structure?

Posted by AlM on Sun Oct 26 16:02:16 2014, in response to Re: Is it time NYCT consider peak/off peak fare structure?, posted by Broadway Lion on Sun Oct 26 16:00:15 2014.

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Hmm. You are confessing to income tax fraud on a public forum. Not a good idea.



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(1320921)

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Re: Is it time NYCT consider peak/off peak fare structure?

Posted by Broadway Lion on Sun Oct 26 16:48:30 2014, in response to Re: Is it time NYCT consider peak/off peak fare structure?, posted by AlM on Sun Oct 26 16:02:16 2014.

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LION has no income.

And dead Wildebeests do not count.

ROAR

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(1320926)

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Re: Is it time NYCT consider peak/off peak fare structure?

Posted by Nilet on Sun Oct 26 18:13:04 2014, in response to Re: Is it time NYCT consider peak/off peak fare structure?, posted by Broadway Lion on Sun Oct 26 16:48:30 2014.

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If you sell your gold for a profit, that's income and you have to report it.

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(1320965)

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Re: Is it time NYCT consider peak/off peak fare structure?

Posted by Broadway Lion on Sun Oct 26 20:59:59 2014, in response to Re: Is it time NYCT consider peak/off peak fare structure?, posted by Nilet on Sun Oct 26 18:13:04 2014.

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I bought it at market value. If I hold it for fifteen years and sell it, what then. It is sold at market value. I did not grow more gold. Just because YOU cannot keep YOU currency stable, how is that my problem.

ROAR

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(1320971)

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Re: Is it time NYCT consider peak/off peak fare structure?

Posted by Jackson Park B Train on Sun Oct 26 23:47:53 2014, in response to Re: Is it time NYCT consider peak/off peak fare structure?, posted by Nilet on Sun Oct 26 02:34:11 2014.

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It is cheaper to tax the overly rich at high rates as was done during the Eisenhower administration and subsidise transit as a social investment (like having a fire department) than to have yet another bureaucratic program to hand out transit subsidies one by one. In the bargain, we ALL get more and better service.

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(1320972)

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Re: Is it time NYCT consider peak/off peak fare structure?

Posted by Jackson Park B Train on Sun Oct 26 23:51:08 2014, in response to Re: Is it time NYCT consider peak/off peak fare structure?, posted by Broadway Lion on Sun Oct 26 20:59:59 2014.

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May you emulate the recently deceased Nelson Bunker Hunt in his silver shenanigans.
I would remind you that several centuries ago when the Spaniards were too enthousiastic in bringing gold from the Americas to Europe the price dropped precipitously on the Dutch exchange.

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(1320973)

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Re: Is it time NYCT consider peak/off peak fare structure?

Posted by 3-9 on Sun Oct 26 23:52:15 2014, in response to Re: Is it time NYCT consider peak/off peak fare structure?, posted by Broadway Lion on Sun Oct 26 20:59:59 2014.

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If you sold an asset for more than you bought it, and you got a substantial profit from it, it's either bartering income or cap gains or both. Long term cap gain, but still a cap gain. Same as if you bought shares of a company, held it for 15 years, and sold it at a profit. Still have to declare the cap gain on your return.

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(1320976)

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Re: Is it time NYCT consider peak/off peak fare structure?

Posted by Nilet on Mon Oct 27 00:18:23 2014, in response to Re: Is it time NYCT consider peak/off peak fare structure?, posted by Jackson Park B Train on Sun Oct 26 23:47:53 2014.

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Agreed.

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(1320977)

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Re: Is it time NYCT consider peak/off peak fare structure?

Posted by Nilet on Mon Oct 27 00:22:55 2014, in response to Re: Is it time NYCT consider peak/off peak fare structure?, posted by Broadway Lion on Sun Oct 26 20:59:59 2014.

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I bought it at market value. If I hold it for fifteen years and sell it, what then. It is sold at market value.

Yes, but the market value fluctuates wildly— after 15 years, it could be worth a tenth of what you paid for it, or it could be worth ten times what you paid for it or anything in between.

If you bought it for $1,000 and sold it for $5,000 then you have made $4,000 profit and you are obliged to pay taxes on that.

Just because YOU cannot keep YOU currency stable, how is that my problem.

Um, actually the dollar is a lot more stable than gold. Gold is a commodity subject to the unpredictable forces of supply and demand. Dollars exist solely to represent stored value, and so there are controls to keep their value relatively stable.

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(1320990)

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Re: Is it time NYCT consider peak/off peak fare structure?

Posted by Wallyhorse on Mon Oct 27 00:59:34 2014, in response to Re: Is it time NYCT consider peak/off peak fare structure?, posted by Edwards! on Sat Oct 25 21:14:12 2014.

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As said, this was a preliminary structure that certainly would be worked on considerably.

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(1320992)

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Re: Is it time NYCT consider peak/off peak fare structure?

Posted by Wallyhorse on Mon Oct 27 01:07:53 2014, in response to Re: Is it time NYCT consider peak/off peak fare structure?, posted by Jackson Park B Train on Sat Oct 25 21:44:53 2014.

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If you look at my preliminary structure, you will see that those who work on weekends (especially Friday, Saturday and Sunday overnights, in the latter case as long as they get off work before Monday rush hour) get a big break on the fares with a considerably lower fare late Friday evening through late Saturday night and an even lower fare late Saturday through early Monday morning. That, and a discounted off-peak MetroCard aimed at those who mainly ride outside of peak hours would allow for a structure that has higher fares during peak hours and on weekdays in off-peak.

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(1320996)

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Re: Is it time NYCT consider peak/off peak fare structure?

Posted by Jackson Park B Train on Mon Oct 27 01:45:32 2014, in response to Re: Is it time NYCT consider peak/off peak fare structure?, posted by Wallyhorse on Mon Oct 27 01:07:53 2014.

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yes I comprehend what you propose; I don't agree. Giving the swing, grave, weekend shift workers a bargain is nice but does nothing for low wage service/retail staff who have no schedule options outside the "normal day shift hours".

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(1321034)

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Re: Is it time NYCT consider peak/off peak fare structure?

Posted by Broadway Lion on Mon Oct 27 08:11:51 2014, in response to Re: Is it time NYCT consider peak/off peak fare structure?, posted by Nilet on Mon Oct 27 00:22:55 2014.

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And Obama goes and prints more and more of them.
Real Stable, Right!

Well, they all printed too many of them, but that make your money worth less.

ROAR

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(1321062)

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Re: Is it time NYCT consider peak/off peak fare structure?

Posted by New Flyer #857 on Mon Oct 27 13:03:27 2014, in response to Re: Is it time NYCT consider peak/off peak fare structure?, posted by Broadway Lion on Sat Oct 25 18:57:35 2014.

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Ok, I am willing to admit that such an extreme trip (Wakefield to Far Rockaway) can't be done in $5 unless you have quite an economical car, but it was an extreme example for the point I was trying to make.

You should note that while 55-cents per mile is a standard rate used, most cars, and especially my Corolla, are way under that. 55-cents per mile is a rate more often used to ensure that the driver does not lose money, even with an expensive vehicle. Also, the vehicle cost per mile drops significantly lower the more frequently you drive. Therefore, my point is that if someone already owns a car and is pondering the Wakefield to Far Rockaway trip at peak hours, they have the option to:

1) Pay for the car's continued daily insurance (for me, about $7) while leaving it home to pay the $5 fare on MTA

-or-

2) Pay for the car's continued daily insurance and the fuel to make the drive (about $5.20 -- and that's on a bad day for my car-- while avoiding tolls), and my typical maintenance cost, which is about 5 cents per mile, or another $1.75.

Yes, most expense-savvy people aren't going to go out and buy a car over the $5 fare, but anybody on the fence is going to instinctively run to their car, as, if you have your license and car already, you'd only be talking about a $2 difference per trip. When you think of what you're already paying for your car, you would think twice about whether it's better to use public transit while you're still paying on the car.

And like I say, this is an extreme example. Think of the opposite extreme, where you just want to go a mile or two. Even with the 55-cent standard that's only $1.10 in the car, but still a $5 fare with the original proposal. You will almost certainly lose many riders who just want to cross the four outer boroughs or go a few train stops to cars. Yes, you have to have a fare and there will always be some trips where driving will be cheaper, but why make it so that driving is more attractive more often?

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(1321089)

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Re: Is it time NYCT consider peak/off peak fare structure?

Posted by Wallyhorse on Mon Oct 27 16:48:06 2014, in response to Re: Is it time NYCT consider peak/off peak fare structure?, posted by Jackson Park B Train on Mon Oct 27 01:45:32 2014.

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Actually, less than a quarter of people now exclusively work "normal day shift hours" as I understand it. Most do work SOME of those hours, but many for instance work say Noon-8:00 PM or 4:00 PM-Midnight and that is an increasing part of our economy. The idea is those who MUST travel in peak periods pay more but the rest, especially if they can work flexible hours paying less to travel.

The idea is reduce crush-loading at peak periods and spread out ridership at other times.

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(1321321)

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Re: Is it time NYCT consider peak/off peak fare structure?

Posted by Nilet on Wed Oct 29 01:36:52 2014, in response to Re: Is it time NYCT consider peak/off peak fare structure?, posted by Broadway Lion on Mon Oct 27 08:11:51 2014.

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I'm not sure what you're talking about— it sounds like a bunch of half-remembered urban legends and right-wing propaganda.

However, here in the real world the dollar incurs inflation at the rate of a few percent each year.


While gold... is decidedly less stable.


In any case, if you bought gold for $15,000 in 2006 and sold it for $60,000 in 2012, you would be obliged to pay income tax on your $45,000 profit.

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(1321769)

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Re: Is it time NYCT consider peak/off peak fare structure?

Posted by b1bus on Fri Oct 31 04:08:10 2014, in response to Re: Is it time NYCT consider peak/off peak fare structure?, posted by Nilet on Sat Oct 25 17:00:34 2014.

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THere are poor people fares in San Fran..

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(1321791)

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Re: Is it time NYCT consider peak/off peak fare structure?

Posted by Broadway Lion on Fri Oct 31 10:08:03 2014, in response to Re: Is it time NYCT consider peak/off peak fare structure?, posted by b1bus on Fri Oct 31 04:08:10 2014.

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SF is run by the leftest of the left handed lefties.

RAISE the freaking fare, and provide assistance to those who as need it. No reason why the MTA budged should support those in need.

ROAR

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(1321919)

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MUNI San Fran.

Posted by b1bus on Sat Nov 1 14:24:09 2014, in response to Re: Is it time NYCT consider peak/off peak fare structure?, posted by Broadway Lion on Fri Oct 31 10:08:03 2014.

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Youth also pay a discount, not just for school.
But PETS (not allowed on rush hours) also pay a human fare.
Dogs don't have to be in crates, but have to be under the seat.

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