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Ba1k3es

Ba1k3es
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  • Why Piketty Is Wrong: Part 1 - The Math [View article]
    Nope.
    Jun 10 08:22 PM | Likes Like |Link to Comment
  • Why Piketty Is Wrong: Part 3 - Policy Recommendations [View article]
    " 1. Inherited wealth would be taxed as ordinary income in the year the inheritance is received by the heir. It would be taxed like any other income as part of a very broad based income tax scheme. "

    Why should we, as a capitalist society, allow inheritance? It is the opposite of capitalism.
    Jun 9 10:30 PM | 1 Like Like |Link to Comment
  • Why Piketty Is Wrong: Part 1 - The Math [View article]
    Or I can advocate for meritocratic society as opposed of just under of just disguising personal motives.
    Jun 9 09:57 PM | Likes Like |Link to Comment
  • Why Piketty Is Wrong: Part 3 - Policy Recommendations [View article]
    After reading your 3 part series I am left very unconvinced. You keep referring to the math, but your articles are pretty much void of any math.

    "D. Estate Taxes - Estate taxes would be limited to a tax of 10% on the amount of stepped up cost basis on assets. Assets would be distributed to heirs at a tax cost basis equal to current fair market value so that the heirs would pay reduced capital gains taxes if they sold the assets."

    Why would we limit the taxation of inherited wealth? Inherited wealth is the complete opposite of meritocracy/capitalism as it gets.
    Jun 9 09:33 PM | 3 Likes Like |Link to Comment
  • Why Piketty Is Wrong: Part 1 - The Math [View article]
    I agree, meritocracy is what is needed. Get rid of inherited wealth.
    Jun 9 09:16 PM | Likes Like |Link to Comment
  • The Investors That QE Left Behind [View article]
    "Sec Gage said it."

    I did not know he was on the Federal Reserve Board or spoke for the collective Fed.
    May 16 01:16 AM | Likes Like |Link to Comment
  • The Investors That QE Left Behind [View article]
    "Actually we were told the central bank would be the system of perfection."

    When? Where? I must have missed that press release.
    May 15 09:29 PM | Likes Like |Link to Comment
  • The Investors That QE Left Behind [View article]
    I read through these responses looking for Jhoop's system of perfection only to find it as empty as a politician's word. Sad.
    May 15 03:13 PM | Likes Like |Link to Comment
  • China Turns Japanese? [View article]
    If China is selling treasuries then what are they buying with them? I'll give you a hint, American products. This stuff doesn't happen in a vacuum. The reason they have so many treasuries is because they are ACCEPTING dollars for stuff. Then they buy treasuries with those dollars since the alternative is just holding dollars making no interest.

    It is not as simple as the question you posit.
    May 15 03:05 PM | Likes Like |Link to Comment
  • John Hussman: Cahm Viss Me Eef You Vahn To Live [View article]
    http://seekingalpha.co...

    The graph in this SA article by Cullen is well-timed for this conversation.
    May 7 04:43 PM | 2 Likes Like |Link to Comment
  • Why Piketty Is Wrong: Part 1 - The Math [View article]
    Inherited wealth is about as anti-meritocracy as it gets.
    May 6 04:15 PM | Likes Like |Link to Comment
  • John Hussman: Cahm Viss Me Eef You Vahn To Live [View article]
    Dr. Hussman, King of Confirmation Bias.
    May 6 03:20 PM | Likes Like |Link to Comment
  • Patience Is A Pain [View article]
    "If you rather think that inflation is caused by too much money chasing too few goods, then you've already been alarmed by the continued healthy rise in M2 and the fact that median inflation rose to 2.1% this month."

    I agree with the first part, but I am not concerned about inflation, because I believe M2 does not correctly measure the amount of money capable of chasing the goods.

    I also believe Velocity changes can serve as a good proxy of how incorrectly the count of money available to chase goods has been measured.

    As always, time will tell.
    May 6 03:16 PM | Likes Like |Link to Comment
  • Once Begun... Financial Innovation Continues To Thrive [View article]
    Good responses David. It is quite clear, that Mr. Mason and many others on this site that write and respond to macro articles do not understand banking basics.
    Apr 22 08:51 PM | Likes Like |Link to Comment
  • Inflation Is Less Than You Think (Unless You're An Economist) [View article]
    It's actually because inflation only results from money chasing goods, which happens when it is in the hands of consumers. The amount of money entering the consumer economy from the Monetary Base expansion is very little, thus no money to chase goods, thus no inflation.
    Apr 22 08:46 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
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