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Again, the law on worldwide taxation of income for US citizens goes back to the civil war. This isn't some new thing. What sucks and is unfair is that thousands of people who owed US taxes and didn't pay them while the rest of us did, for decades! Crying that it's unfair to make them comply with...

Given that housing prices are insanely high due to the fact so many people live there I'm surprised that more than 100,000 people a year net leave. One interesting note is that much of Silicon Valley's innovation requires a large number of skilled or unskilled labor and many companies are...

Well you have them now on Monday, Wednesday, and Friday an hour before expiration!

Nobody waits for days....pretty much everyone but IB gives you at least a few minutes to wire money over. No broker goes bankrupt based on the actions of a Joe Trader or a few Joe Traders, allegedly the reason why it "protects customers" to do autoliquidation. But at the end of the day I don't...

Actually in my experience if someone in "customer service" at IB tells you something that actually makes it less likely to be true!

Corporations and individuals are taxes differently in a myriad of ways in the U.S. so not sure what the point is?

BART police, we're talking the organization that shot an unarmed man in the back while being held face down on the ground by a BART police officer with a knee to his back. Sounds like they're a bit slow on the lessons learned uptake.

The point is we don't enforce any law based on the amount of revenue it generates or the cost to enforce them....that's banana republic small town police force setting up speed traps talk! Literally all but a handful of the thousands of laws enforced in this country don't generate more revenue...

That's a good textbook definition. It's not something that really exists in the wild because it's so easy to arb which eliminates the opportunity. If you are interest in this at small scale you might look at finding banks offering teaser high CD rates in your currency you're parking the spot...

The administrative cost of enforcing murder laws has to be almost an infinite multiple of the revenue it generates. The administrative cost of enforcing environmental laws preventing people from dumping toxic waste or securities laws preventing securities fraud certainly is a multiple of the...

The ignorance of basic civics on display here is just appalling. First off, U.S. citizens have been liable for paying taxes on worldwide income since 1861. That requirement has jack shit to do with FATCA and the poor dual citizens whining about how they didn't realize this was a requirement are...

The ultimate irony is that a gun manufacturer is doomed as along as there is a gun friendly political environment, but a great investment if there is a gun control friendly environment. I wonder if they're smart enough to actually bankroll politicians who are against their product, or at least...

On the forex side the answer to your question is absolutely, you're missing the fact that the futures/spot spread exactly reflects the delta in interest rates between the two futures. For your proposed trade, you're forgetting that the 1.25 lot of EURUSD you buy is going to charge you a daily...

You're being way too reasonable here. I'm a big fan of Yang as well. Unfortunately he had to make UBI his centerpiece to get enough attention to get into the debates and have a voice but UBI itself just isn't there yet for enough people to even have really thought about it yet alone be...

I'm actually curious on your thoughts, as someone I think of as an imminently rational conservative based on your viewpoints expressed here, on how you deal with the concept of the tech industry specifically in CA. The industry, with a couple of notable exceptions like Peter Thiel (who I think...

Again, what the fuck does you sleeping on the floor with six roommates have to do with "liberals pushing their agendas" and really what the fuck does that have to do with if the economic wealth in CA is created by some secret army of not "leftists" who somehow have managed to circumvent the...

That's a pretty disjointed and rambling response, none of which support your final conclusion that "And really, California and the US are examples of economic wealth created not by leftists." On the one hand you assert that "the leftists" completely control every aspect of California, but on the...

I think the pension issue is one worth thinking through. If you have a mature economy and you are and have been providing a significant chunk of the country's GDP for over a hundred years you're going to have a full pension tail. No matter if it's gold plated or lead, it's just necessarily going...

Was it this article https://www.nj.com/politics/2019/05/nj-could-see-533m-surprise-boost-in-tax-revenues.html Oh, sorry, doesn't support the narrative. Maybe it was this chart of NY total tax revenues (note 2019 isn't finished yet!): or this one of CT total tax revenues And I'll admit the...

Well if creating more jobs, wealth, and GDP than any other state (and GDP per capital only behind those other states claimed to be anti-business in this thread, NY, MA, CT, and DE) is "destroying" a place then we need more "destruction". Turns out the places your "locust" moved to....also now...