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You were off on "your" percentages, but you make considerably more than the average American, who after the standard deduction pays about 15%.

I agree that the factors you cite are also relevant. My choices were not chosen carefully, but rather by default. There aren't any other supply-side periods that better qualify for review. Even the ones cited don't really qualify well, as we have never really had a true supply-side policy...

The average american actually pays about 15% federal income tax, so you were a huge 1.5% off. :D But point well taken.

Sure that is what is expected in a system where you keep most of what you earn. It isn't a given in a system that taxes most of what you earn. People then have incentive to find ways around paying the tax which often times aren't legitimate ways. So you end up with people who should be moving...

A Treasury study done at the request of the Joint Economic Committee of Congress traced the income reported by 14,351 taxpayers between 1979 and 1988. One result is that 85.8% of those who started in the bottom quintile in 1979 had climbed to a higher quintile by 1988. In fact more of them were...

Why can't these "legitimate social programs" be provided by the private sector. I'd like to hear your examples of programs that are better handled by the g-ment. As to your trickle-down economics comment, there are many objective observers who would strongly disagree with you. I've wondered...

Yeah, Lehman too is an investment bank which is quite different from a Citi or BAC. Besides, Lehman isn't much larger than a couple banks that are already about to fail, like Wamu. The article didn't specify which kind of bank, but as you say it is just sensationalism. I think Wamu has...

That's true. You had it worse than I did.

I just re-read the post and realized that in typing I phrased the statement wrong. I was speaking figuratively as I actually don't even have children yet. Doesn't make a difference anyway. The point remains. Children are not entitled to their parents wealth, and parents should make their...

Like has been suggested above, slippage is a term often used to describe the expected price versus the one you get. It would probably be more accurate to describe the situation I outlined as "synthetic slippage" because the effects are exactly the same. Thus it could easily be described as...

Oh c'mon Brandonf. Poverty isn't that bad. I grew up poor too. My parents were a couple of those fortunate souls who bought their starter home in '82 when "home ownership would never be affordable again, so you should just go ahead and get a 16% mortgage." Combine that with $100K in medical...

Just because you got filled at a guaranteed price, doesn't mean that there wasn't slippage. If you enter a large limit order it will just sit there until the market moves against you, effectively making your limit order a market order. Sure, you'll have gotten the price you wanted, but once...

I used to think that ES had enough liquidity to daytrade 1000+ contracts too, but that is only a half truth. Beginners trading 1-10 contracts will realize almost immediate fills for the full order. Trade more than 20 contracts and you start to notice that orders are getting broken up and...

He's seen more bottoms than Dr. Rey. :p

Interesting that he's losing so big on his commodities plays and all the while he's releasing radio ads encouraging people to consider wind power to get us off oil. Of course, I guess the ads also promote running all cars on NG.

That's typical. Most areas in the US might see existing home prices declines of about 15% total. Maybe 20% in some of the more aggressively bought areas. But these areas don't make national news, because there is no excitement in saying that a homeowner only made 60% when his house...

He isn't "doing nothing" as you say. He is doing precisely what they should do to achieve the objective. In their view, housing is the biggest threat and was the trigger for the current problems. It also has the potential to increase the problem 10-fold. What does conventional wisdom...

Yes, but when a C2D processor is designated as 3.4G then isn't that a designation of the sum of the two cores? Meaning that each core only has 1.7G processing capability?

Don't think it is extreme version, just hyper-threaded. Better performance of CAD on the single-core machine might be due to graphics card differences though. As far as web speed though. The P4 is noticeably faster as long as nothing else is running. If my anti-virus starts a scan or...

Really? I run two comps. One is a year older and has a 3.6G P4/ht with 2G ram. The other has a 3.2G C2D with 2G ram. Both of the machines are great for trading. The P4 machine is much faster for CAD drawing and surfing the web. The only time the C2D machine is faster, is when I'm...