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Rich in Quebec

Rich in Quebec
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  • Wall Street Breakfast: Net Neutrality To Sweep The Nation? [View article]
    Stephen - re Social security at the point of a gun - Since you seem to have a flair for the dramatic, let me add a bit of grist to your mill.

    YOU have no choice - Government compels YOU to pay for a service, whether you like it or not, whether you or your family benefit from it or not.

    Moreover, if YOU have offspring, they must be surrendered to the government or to a substitute deemed acceptable by the government, 180 to 200 days a year, from the age of 5 to the age of 16 to be "educated" using a curriculum to which you have no direct input. Failure to comply can lead to a lien being put on your property and/or your children removed from your care.

    Such is the government's abominable totalitarian plan to make the children of society, independent of their parents, and productive cogs in the economy.
    Feb 26, 2015. 01:13 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Net Neutrality To Sweep The Nation? [View article]
    James - Cuba is already an "open vacation spot" if you are Canadian. As for the first class hotels that they don't yet have, I don't travel very high on the hog. Two stars in France is normal for me. Three stars is splurging. I have not visited Cuba nor any other Caribbean isle. I prefer mountain side lakes to ritzy ocean side beaches. I was dragged to a casino by friends a few years ago while visiting New Mexico. It only confirmed my negative prejudice of them (the casinos, not the friends). So, you may find my opinion on developing Cuba as Los Vegas wrong, but there was no hypocrisy involved in expressing it.
    Feb 26, 2015. 11:57 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Net Neutrality To Sweep The Nation? [View article]
    BlueOkie - I somewhat agree with you. For the sake of preventing the next 9/11, citizenry and its governments are willing to intrude into the private lives of everyone to an extent we would not have tolerated in the past. I personally would prefer a world of more danger, more real lives lost from those who would for all sorts of reasons, wish to terrorize us, rather than forsake privacy to the extent that we have. We make similar choices quite often. In the U.S. there are about 30,000 car caused fatalities per year. That's about ten 9/11's. Yet no one would ban the automobile. Lowering speed limits would save lives, but we are as likely to increase speed limits as lower them.

    Where I don't agree with you is the oft repeated, absolutist "The gov't isn't the solution, it is the problem." In a democratic society, government is us. Government made safety standards that have cut traffic deaths down from about 60,000 per year at its peak. On that, government was the solution unless you think that ten 9/11's of lives saved per year was not worth the investment in seat belt laws and air bags.
    Feb 26, 2015. 10:55 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Net Neutrality To Sweep The Nation? [View article]
    XactGuess - The short response is that where government exists, there is the chance for civilization. Your long response indicates legislation that you find unfavorable. If you look at government actions over the relatively short history of the U.S., it has usually been a response to a perceived need. It has sometimes had good outcomes (think of the gradual application of compulsory free to the user education), at other times at best it has been misguided (think the Trail of Tears, Fugitive Slave Laws, Japanese-American concentration camps). These actions, whether good or bad, are all examples of government intruding heavily into the lives of the people. Imagine a world where there is decentralized authority. You need to look no further than Europe's Middle Ages, particularly its beginnings with the downfall of the Western Roman Empire. Forget the laws you prefer or dislike. Lack of order meant that cities could not be big and physically exist. The collective wisdom of the Ages was saved on the fringes of the collapsed Empire or had to be reintroduced from Muslim sources. The nirvana of no government is a nightmare, as can be government's totalitarian presence. If that idea can be accepted, then the notion that any government action is inherently bad seems simplistic and foolish.
    Feb 26, 2015. 10:23 AM | 12 Likes Like |Link to Comment
  • Wall Street Breakfast: Net Neutrality To Sweep The Nation? [View article]
    Wyostocks - On the contrary, the more universal a conscription system is made, the less likely a democratic country is likely to go to war. War as a means to glory is now properly seen as a fairy tale. PTSD is more likely the outcome even if you come out of it physically intact. The present "voluntary" service allows the equivalent of Civil War substitutes. You can send others to war without ever physically bearing its burden. There is no direct financial penalty. You don't even realize the extra tax costs. After all, under Bush, making war and cutting taxes went together.
    Feb 26, 2015. 08:31 AM | 14 Likes Like |Link to Comment
  • Wall Street Breakfast: Net Neutrality To Sweep The Nation? [View article]
    James - Ugh! Cuba as Los Vegas, a modern version of the Batista regime, is an argument for the Castros to keep a lid on their failed utopia.
    Feb 26, 2015. 07:46 AM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: Net Neutrality To Sweep The Nation? [View article]
    chudzikb - No government - no civilization. That has been understood since coherent water distribution rules were applied in Egypt, Mesopotamia and the Indus Valley and made progress possible. Hatred of bad government has made some people think that the cure is less government. Better government, in its various permutations never totally satisfactory, is essential for progress.
    Feb 26, 2015. 07:42 AM | 24 Likes Like |Link to Comment
  • Wall Street Breakfast: Markets On Edge Before Yellen Round Two [View article]
    Husker Bob - Gas taxes may be the most regressive of taxes, but NEW taxes to be spent on infrastructure, is a step forward.
    Feb 25, 2015. 08:05 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Markets On Edge Before Yellen Round Two [View article]
    WMARKW - Putting your money in a CD does make it available for loans. But you and others so much want to save rather than spend, that the rates are low. The other side of the equation is those who don't have money, have a hard time borrowing and will spend relatively conservatively. Your money, including the growing paper wealth of your stock portfolio, is not trickling down to those in need. The government, now cured of Cheney's "deficits don't matter" attitude, are following Hoover era boom and bust economics, and are unwilling to spend and prime the economic pump lest they have deficits. Deficits and tax cuts in good times have people smiling a broader smile for a bit longer. When the bust occurs, insisting on austerity in bad times has more people crying longer than they should. That's where we are now.

    Canada should be seen as the comparative country to prove the case. Starting about the same time in the mid 90's, Canada improved its bad debt/GDP position and has ended up better off than the U.S. by that metric by not cutting our taxes so soon as the U.S. Our Conservatives were not elected early enough to do as Bush and cut taxes during good times. And our Conservatives never got the chance to deregulate banks as had been done in the U.S.. Now that Conservatives everywhere have largely discarded Supply Side and Laffer Curve wishful thinking, we can expect nothing worse than returning to pre-Keynesian economic thought.
    Feb 25, 2015. 07:54 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Markets On Edge Before Yellen Round Two [View article]
    Husker Bob - You're right. There's a way to do both. Building the pipeline would be perceived as Republican victory. A normal infrastructure project would be perceived as an Obama victory, thus it will not be done - UNLESS - For the good of the country, Obama must propose a golf course infrastructure program, indicating the plusses for the environment and the benefits to the common masses whose golf rounds would be subsidized "entitlements". Their passions sufficiently inflamed, Republicans would gladly vote for a road and bridges program.
    Feb 25, 2015. 01:05 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Markets On Edge Before Yellen Round Two [View article]
    Wmarkw - Those who don't have, would spend. Those who do have, prefer to freeze their money for five years at 2.3%. Are there any questions as to why the economy is just OK and society quite a bit worse.
    Feb 25, 2015. 12:52 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Markets On Edge Before Yellen Round Two [View article]
    HISpeed - By not approving Keystone, Obama has slowed development of the Alberta tar sands, kept the Loonie around the 80 cents range and thus helped Canadian exports from central Canada. The "fools" in Canada are not likely to rush Tar Sands either to western ports for transfer to Asia, nor OK a pipeline to bring it to central Canada. If environmental damage is your concern, the Tar Sands should stay in the ground or be used GRADUALLY to fuel Alberta's economy as it looks for value added products.
    Feb 25, 2015. 09:29 AM | 8 Likes Like |Link to Comment
  • Wall Street Breakfast: Investors Watch For Next Phase Of Greek Deal [View article]
    Wyostocks - Government exists and government spending "other peoples money" exists because anarchy has long been found to be a poor substitute. Even during the Civil War, redistribution of wealth was fostered through the beginning of the Land grant college system. That and countless other choices made by government to take your money and spread it, have been good choices. Government exists by taxing you. You can decide to always find bad policy, bad choices, and wasteful taxation. But barring your preference for anarchy, government and the need to finance it, will exist.
    Feb 25, 2015. 09:00 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Markets On Edge Before Yellen Round Two [View article]
    gggl - It's not because banks have access to nearly free money that they can't lend it out at higher rates. It's because the banks, rightly or wrongly, fear the investment. In a normal environment following a financial implosion, government spending would be used as a tool to prime the economic pump. That form of fiscal stimulus has been lacking leaving the Fed to do monetary stimulus even if it has turned out to be the equivalent of pushing on a string.
    Feb 25, 2015. 08:23 AM | 7 Likes Like |Link to Comment
  • Wall Street Breakfast: Markets On Edge Before Yellen Round Two [View article]
    Gayle - Yes, the Market works in strange and wondrous ways. Demonstrate that artificial life supports for the economy are still needed and that businesses see nowhere to invest and thus prefer increasing dividends and stock buybacks, and that "good news" sends the Market up.
    Feb 25, 2015. 07:25 AM | 6 Likes Like |Link to Comment
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