Search results

I'd hazard that retail is probably the slowest to feel a change in a rate hike, and it's not hard to imagine that difference being pocketed somewhere else up the chain for as long as possible. Also, in response to an earlier comment by @piezoe on "the fallacy of joblessness," I agree that while...

Well, I'm sure between 1 and 99 there exists an optimal rate for the government's income vs. productivity. In any case, domestic tax code aside, I still wonder whether there exists an answer to globalization while maintaining or improving a domestic status quo. It is a natural effect of...

I'm in favor of progressive taxation, I was probably throwing the baby out with the bathwater when it came to simplifying taxes in a way that doesn't unduly burden people who can't afford to hire full-time tax professionals. Perhaps a tax based on a sloping function?

Sell premium?

I mean, it's the easiest way for a government to raise money. I think you can imagine all the ways a savvy business-owner could avoid paying tax if all he had to do was to avoid directly giving himself an income.

As far as I understand, the relationship to stocks has to do with how the interest rate affects the value of the dollar. Higher interest rates mean a stronger dollar, i.e. a dollar is worth more. Since a dollar is worth more, you need less dollars to refer to the same underlying value, which is...

1 ES exposure is 500 shares of SPY. I'm practicing with 1 lot of SPY and intend on moving up to ES, but I don't want to get that much exposure until I'm good and ready? When you say that it leads, I assume that that lead is still fast enough that a human can't take advantage of it.

I don't think he's saying eliminate income tax, but increasing it on the strained won't help. After all, income is only one variable in determining how broke someone is. A person can have high income, but what are their expenses, debt, networth? A consumption tax affects lower earners because...

Indeed, globalization vs UBI is not something I've seen properly addressed yet, but I will look into the Murray book. That being said, why not just convert current benefit systems into a UBI to keep it cost neutral as a start? Who says we need to make extra debt before we have to?

I wouldn't call myself a Marxist, I don't really know what I am. I do agree, though. Socialism requires a healthy capitalist machine to work, and I theorize that failed socialist states are simply those that didn't have the proper capitalistic structure to support it. I've always...

Ok. I understand what you are saying re: circulation, now. Growth causes circulation, not the other way around. But, if demand prompts growth, wouldn't increased consumer buying power create demand? Perhaps I conflated circulation with consumer buying power. As far as the latter bit, I...

1. Can't find the book; is it by Gary Taubes? I'd assume that circulation, on some threshhold, is at least required for economic growth? And that it can be optimized? Not sure about the fat metaphor; as the technical answer seems obvious (calories in vs calories out), but too trivial to take...

Hm...I assumed with the metaphor that everybody also works at the casino and gets their paycheck from the casino. Other casinos in the world are other countries, and the game is keeping as many gamblers at your casino...

But the market does have a limited supply of liquidity. And ponzi schemes always collapse because they run out of new entrants.

Very funny, and now the metaphors are running wild, but I'll play, disregarding the expectancy in craps. Where does the government spend their money? Who does the casino borrow from? Who are the fulltime shooters? Who are the other gamblers? Who supports the casino's take? The full timers or...

I guess it just seems like you're implying the two banks single-handedly can ruin the 98 retailers, when you're implying there's an entire other third party that will also be responsible, so the sinister example seems flawed.

Ok, as much as I enjoy the pie metaphor, it may be getting tired. Help me understand from your perspective; how does the pie currently work, and/or how is it supposed to work? Duly noted; I do have a strong assumption about money circulation. Is it immaterial to the health of an economy? I'd...

I don't think it's a difficult assumption: Why is the pie supposed to grow, let alone stay the same with trickle-down economics? If you can entertain the idea of trickle-down economics, which is giving the top-tier a bigger slice of the pie will increase the size of the pie, you can entertain...

Higher taxes on companies is offset by higher consumption. People have more money to spend, so they spend more. Studies show that welfare recipients do not hoard their money; they use it. That money will find its way back up the chain thru consumption. What would you do, if given a little...

The premise is the pie stays the same size, but is distributed differently. Higher taxes on companies is offset by higher consumption. Trickle-down economics is based on the assumption that giving the biggest producers breaks will increase the pie, that giving top tier tax breaks will increase...