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jgbrowning

jgbrowning
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  • Coca-Cola Today Vs. 1998 [View article]
    A list of all the beverage brands KO owns sortable by country.

    http://tinyurl.com/ckb...
    May 29, 2015. 07:20 PM | 3 Likes Like |Link to Comment
  • 11 Reasons To Be A Dividend Growth Investor [View article]
    Roughly 80% of our net worth is tax-privileged. Dunno if that's normal or not, but that's how it is with us.
    May 29, 2015. 04:36 PM | 1 Like Like |Link to Comment
  • 11 Reasons To Be A Dividend Growth Investor [View article]
    I completely agree. The idea that the young should take more risks seems ridiculous to me (and just reeks of "professional" investment advice that's mostly designed to enrich the "professional"), considering that a low-risk, high-quality DGI portfolio will reap strong rewards during the over-30-year-+ time-frame.

    IMO, a low-risk, high quality DGI portfolio means that a young investor has to be less-right in their choices than someone aiming purely for growth, and this comes right at the time in their life where they simply *cannot* have the market experience (simply because they're young) that's really needed to make progressively better and better investing choices.

    If you start out as a DGI and only make OK choices, in 5 years you'll have learned how to make much better choices. And, IMO obviously, it's easier to make OK choices in DGI than in pure growth investing.
    May 28, 2015. 02:16 PM | 6 Likes Like |Link to Comment
  • Are We Expecting Too Much? Estimating Long-Term Market Returns, Part 1 [View article]
    I'm aiming for a 3% dividend yield, a 6% dividend growth, and a 3% market increase. If I can get such results, I'm fine in retirement. (Actually, I'm fine with a 3/4/3, but I'll be better with the 3/6/3).
    May 26, 2015. 11:34 AM | 2 Likes Like |Link to Comment
  • Share Repurchases: What You Should Know [View article]
    IMO, I'd only prefer share repurchases over increasing dividends if...

    1. They actually result in a realized reduced share count.
    2. They're done when share prices are within 10-20% of a 52 week low.

    I'm sure other people have their preferences.
    May 21, 2015. 04:13 PM | Likes Like |Link to Comment
  • Sector Allocation As It Pertains To Dividend Growth Investing [View article]
    I've long wondered if a starting portfolio that started with a focus on higher-yielders with lower div growth and then transitioned into lower-yielders with higher div growth would outperform.

    I suppose I should run the numbers, but I've never really wondered *that* much.
    May 20, 2015. 10:20 PM | 1 Like Like |Link to Comment
  • Crossing $55,000 In Market Value And $2,000 In Dividend Income [View article]
    Congrats! I'm only $28 away from my next dividend milestone and the wait's just killing me. :-)
    May 20, 2015. 10:53 AM | 4 Likes Like |Link to Comment
  • AT&T: The DirecTV Deal Gets A Major Boost [View article]
    Hope so. T's my 2nd biggest holding.
    May 15, 2015. 03:51 PM | 6 Likes Like |Link to Comment
  • Left-leaning party sweeps to power in Canada’s oil-rich Alberta [View news story]
    Tax Incidence is not a theory. Corporations can pay taxes. Not all costs are always passed on to consumers.
    May 12, 2015. 10:07 AM | 1 Like Like |Link to Comment
  • Left-leaning party sweeps to power in Canada’s oil-rich Alberta [View news story]
    Ah, now you're at the calling me liar phase because of your political inability to accept that, yes, Tax Incidence isn't a theory, and that yes, businesses can actually bear some burden of taxation.

    You'll note, I've never called *you* a liar.

    I'm Joseph Browning. Owner of Expeditious Retreat Press. I publish tabletop rpg gaming books distributed throughout the world. We've won industry awards. Who are you? What business do you run?

    Tax Incidence is not a theory. I own a business. None of these things are false.
    May 10, 2015. 08:49 AM | 1 Like Like |Link to Comment
  • Left-leaning party sweeps to power in Canada’s oil-rich Alberta [View news story]
    Tax Incidence is not a theory.
    May 9, 2015. 08:12 PM | 1 Like Like |Link to Comment
  • Left-leaning party sweeps to power in Canada’s oil-rich Alberta [View news story]
    For all those reading, you now know the reason why Rope a Dope refuses to believe in something as obvious as Tax Incidence.

    His politics.

    Tax Incidence is not a theory. Nor is it part of some "Liberal dream world."
    May 9, 2015. 01:34 PM | Likes Like |Link to Comment
  • Left-leaning party sweeps to power in Canada’s oil-rich Alberta [View news story]
    "All costs are passed on to the consumer, including taxes."

    False.

    Tax Incidence is not a theory.
    May 9, 2015. 08:38 AM | 1 Like Like |Link to Comment
  • Left-leaning party sweeps to power in Canada’s oil-rich Alberta [View news story]
    Theory has many definitions depending upon context. One of them is "the general or abstract principles of a body of fact, a science, or an art" (ie. Gravity) and another is "an unproved assumption - conjecture - an opinion or idea formed without proof or sufficient evidence" (the one Rope a Dope was using), which are two meanings for the same word that are in opposition to each other. The word is the same, the meaning of the word are different based upon context, which is *very* clear in our exchange.

    Rope a Dope was not saying that Tax Incidence is just a theory with the same meaning that Gravity is just a theory because, well, that would mean that *he doesn't believe in gravity* either. Hence my response, Tax Incidence is not a theory.

    Tax Incidence is a defined economic term like Asymmetric Information, Nominal Value, or Withholding Tax. They are not theories either.

    From the Economist: "Where a tax really bites. Who ultimately pays a tax is often different from who the taxman collects the tax from, because the cost of the tax can be passed on. For example, by demanding higher WAGES if INCOME TAX rises, workers can transfer some of the TAX BURDEN to their employer's customers or shareholders."
    May 8, 2015. 01:25 PM | Likes Like |Link to Comment
  • Left-leaning party sweeps to power in Canada’s oil-rich Alberta [View news story]
    And for those still reading, how long do you think it's going to take Rope a Dope to realize that I also own a business? :-) And have since 2003.

    It's obvious that his appeal to authority as a "business owner" is fallacious to begin with, but its made doubly so by the fact that I'm also a business owner. A business owner that doesn't ignore economics just because I don't like it.

    Additionally, for those keeping score, his use of his personal tax experience to "disprove" Tax Incidence is also humorous, as his personal results of passing taxes through is one of the three outcomes that Tax Incidence discusses.

    Yes, your read that right, he's actually using one of three outcomes of Tax Incidence to say that Tax Incidence doesn't exist. *chuckle*

    But anyway, I suspect I'll have to keep popping up here to say "Tax Incidence is not a theory" because I don't think Rope a Dope is going to be willing to walk away without at least *pretending* he said something of importance via the last word.
    May 7, 2015. 12:15 PM | Likes Like |Link to Comment
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