Recent content by lotek771

ok, have a good trip. My only reason for closing an individual trade is because it is a loser. And then I look for a better place to get back in, usually on the same side, but sometimes on the other side. Like I said, I never take a profit until the account takes out the old high. Then...

right, but it is similar in that you still need to decide when to get the account flat

I know it's not politically possible, but if you eliminated 20,000 pages of tax code by eliminating the corporate tax, and raised the personal income tax, including treating cap gains as ordinary income, you could eliminate a lot of lobbyists and crooked politicians. That corporate tax code is...

no, you are probably very observant

I never take a profit. I only take losses. Eventually, my account gets to where I have enough money, or more than I need, and I get flat. I've had many many profits turn into losses and get stopped out. But you gotta pay the man somewhere, and that's where I choose to pay him.

just curious, what does it mean when they say, "Broaden the tax base."?

so what does our experience say since 1971? When tax revenues are raised do the people make up the difference by pulling out their credit cards and borrowing on their home equity? It would seem that neither starving the people with higher rates, or stalling their tax reform, or disrupting their...

ok, whatever, the original topic was how do tax rates affect revenue. Not sure how we got into a pissing contest on the federal reserve. My only point was the idea that increased revenue was good. Nobody ever asks, "What can we do to decrease tax revenue?" As if the more money the government...

Kruschev figured this out years ago when too many East Berliners were moving to West Berlin. Just build a wall.

thanks for the reply. Unlike most discussions down here in the basement, this one hasn't yet descended into profane name calling. My point was a difference of opinion on what defines success. More revenue or less revenue.

piezoe, you crack me up. You define success as to how much revenue the government consumes. The rest of us define success as to how efficient and little of our money the government consumes.