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High prices are good for energy companies, but at some point, high prices affect costs for consumers and companies.

I may have missed it, what are your ideas of equal opportunity? How do you define opportunity and "equal" opportunity? Does making a given opportunity cheaper not count as increasing opportunity?

Yes, rich tax loopholes have made the code relatively flatter and are damaging. Education needs to be overhauled. Betsy Devos is gonna make it worse... Tax any assets? Are you suggesting a wealth tax? I believe they tried that in France and saw a lot of capital flight. Defense spending needs...

Yes, although perhaps we disagree on how inclusive they are of each other. It is easy to see how different incomes by themselves beget different opportunities. Obviously we should not make incomes equal, so how ought we handicap to promote equal opportunity? One of the simplest is progressive...

Basically, your 40 contracts are about as likely to lose money as they are to make money, especially at the open.

I guess everybody else hates making money, that's why they don't do it.

Without nitpicking over the differences between a state where the workers own the means of production versus state interventionism and welfare systems, I want to say when I argue against income inequality, I am not arguing for equal pay. My conception of income equality is equal/proportional...

Unclear to me what exactly you mean by forced income equality. Min. wage or unions? Income inequality begets further income inequality, because it leads to the lower classes under-consuming, which leads to smaller profits, which leads to less jobs/opportunities, which leads to the lower...

Porque no los dos? They need not be mutually exclusive nor subject to a chicken and egg paradox.

What would you count as a "reasonable" amount of "catastrophe"?

*statistics as well as theory

Because, like used car salesmen, they will only push bad products on unwitting customers if they have a commission incentive. If you could do the research yourself you wouldn't even be hiring them. The whole point of having a fiduciary is that you should be able to trust that they'll help you...

Of course, we want to make sure we are doing the right thing, at which point we have to fall on statistics as well as data. Since you seem coyly neutral, how would you address a growing population where the growth of automation and globalization may exceed the pace of retraining the workforce...

I think it's fair to say that we don't want people to change the game just because they're winning, so they can win more, and they know exactly what will benefit them. Wonder if Dodd Frank will make it past the week...

You assume the game is perfectly fair to begin with, but that begs the question of what "fair" exactly is. Why is it that you assume you're on the other side of the proposition? Is it impossible to entertain the idea that people of your class might make more money or have more advantages from...

Obviously, consistent policy is more stable than jubilee. Disdainful though you seem to be of any collectivist policies, unless you are a CEO with an overinflated price, you're probably on the side of those who benefit from an economy with less income inequality.

@java My argument doesn't stem from moralizing. A 3rd baseman is worth whatever the market will pay for it. However, the quality of a market's valuation depends on the liquidity. It is easy to find an efficient valuation on a cheap laborer, but a CEOs value is relatively more prone to...

Piketty's theory. If rate of return on capital is faster than economic growth, it follows that capital accumulates where the rate of return on capital is best. Not so simple practically when you add in money supply etc, but that's the idea.

On IB, a single purchase is shown with all the smaller purchases line-itemed inside, i.e. the total order was 2k, but it can expand to show the smaller parts. It will show up in your portfolio as 1 position with the average purchase price calculated. You should familiarize yourself with limit...

The market or my observation?