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rayden
2 Comments
Oil in Decline: The Tax That Proves a Point [view article]
Bullshit. The oil "tax" is not a tax, it is supply and demand. "Tax" is money that the government takes away and then spends (uses) in a way different from how you choose to use it if it had not been taken away from you. People who think that taxes hurt the economy simply think that the government tends to make very poor choices in how they spend taxes, thus creating uneconomic allocation of resources - and they're right. In the case of the oil "tax", people choose to pay that, not the government, and their choice is presumably a rational choice, at least in the short term. The oil "tax" is in fact easily avoidable - just use less oil; or conversely build up domestic synfuel production capacity - and both of those will no doubt happen if oil prices stay sufficiently high.Jan 19 08:15 PM
Dow 1 Million Before My Kid Retires [view article]
I think we may see Dow 1 million rather sooner with runaway inflation ;) I would look at some ratios, e.g. Dow/gold or Dow/average wage. Bet those are near-constant, long term. Dec 03 02:53 AM