simplefish

10 ms·

31.
by simplefish 15y ago
With all due respect...are you trolling, or did you not read the comment you're replying to? The original comment was, basically, an assertion that oil a globally traded commodity where prices are set for the entire market, and the price pa
32.
by simplefish 15y ago
Buffet made his fortune by, among other things, exploiting the tax code to the limit. Nowadays, of course, the Sage of Omaha is happy to back higher taxes...that won't apply to him and his fortune. Alternate headline: "Incredibly rich man
33.
by simplefish 15y ago
Warning: It's by Mark Zandi. Zandi is a hack and a mouthpiece for the ratings agencies. For one example among many, see this link: http://www.ritholtz.com/blog/2010/09/zandi/ More seriously, the link is just a summary of what Zandi's m
34.
by simplefish 15y ago
A common mistake is to conflate hunter gatherer societies with the primitive agricultural societies that came after them. Hunter gatherers were happy, healthy, and relatively long lived[1]. Unfortunately, they faced very sharp resource con
35.
by simplefish 15y ago
I shall write this to the author, even though you are not he: 1) You have divided the universe of possible desires into a short list of "needs" and "wants". Good for you. But the essence of (true, classical) liberalism is the recognition
36.
by simplefish 15y ago
I think your reply is cut off. :) Anyhow, to the best of my knowledge, the best study on the subject is summarized in this graph: http://goo.gl/tmywx What that shows is that no tax system has a significant impact on Gini. Switching from
37.
by simplefish 15y ago
It's worth noting that the UK, France, Germany, Sweden, Australia, and almost every other western democracy finance very large chunks of their governmental expenditures via high consumption taxes. Most people agree that not only are they
38.
by simplefish 15y ago
Correct me if I'm wrong, but... Backbone is great, but it's also just 600 lines of code aimed at addressing the things every single web app needs, right? A complex web app, pretty much by definition is going to need some features that ot
39.
by simplefish 15y ago
1) Actually, no. We tax transactions. Your customer is buying a service from you, and we tax that. When you hire an employee, you are purchasing his labour, and we tax that. But if you pay yourself a dividend, there is no transaction. I
40.
by simplefish 15y ago
Actually, it's very uncommon. Keep in mind, we have IRS data that shows the average rate paid by different groups, we know that most of the 1% is paying MUCH higher tax rates than the 99%. And should be make public policy based on the e
41.
by simplefish 15y ago
Just to spell it out - there are three (main) reasons why we would want capital gains taxed at a lower headline rate: 1) Capital gains are already taxed at the corporate level. People seem to intuitively understand how this works at the di
42.
by simplefish 15y ago
There's actually some serious questions about that. In interviews, Bosanke has claimed to be paying a 35.8% tax rate. She's been a little coy about her income, but in one interview she claimed to only make $60,000 a year. Anyone with even
43.
by simplefish 15y ago
I have no idea if you should , but in the US, you probably will . Depending on what year you inherited the money, you'll have paid up to 55%.