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taxman100

taxman100
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  • Movement to raise tobacco age to 21 gains momentum [View news story]
    Worse than being able to join the military is the fact Big Brother doesn't trust them to smoke, but allows them to vote.

    I'll go along with a smoking and drinking age if they push to raise the voting (and draft) age to whatever they set for those vices as well.
    Oct 29 09:14 AM | 4 Likes Like |Link to Comment
  • Is Casual Dining Dying? [View article]
    Eating out with children is too expensive, especially with tax and tip. I always think when I get the bill that there is no way it was worth what we paid. We have figured out the way around that is to be in a rewards program with one restaurant, and pick a night when kids eat free.

    That being said, my wife and I take the kids out once a month, if nothing else so they can have proper social behavior in public reinforced. Since smacking your kid in public is frowned upon, most parents put up with their kids buried in their phone, ignoring everyone else. Even worse, parents are doing the same thing. Why go out?

    My kids have a rule - no toys, tablets, phones etc. for the one night out every month. We are forced to interact as a family, and reinforce proper social skills.
    Oct 27 12:43 PM | 10 Likes Like |Link to Comment
  • Newcastle Investment begins trading post-reverse split [View news story]
    I'm considering selling only because I prefer the assets in SNR vs what will be left in NCT.

    NRZ, NEWM, and now SNR. It can be confusing, but the company has increased shareholder value.
    Oct 23 12:15 PM | Likes Like |Link to Comment
  • New Residential reverse split takes effect [View news story]
    You are correct, plus NRZ last year had part of the distribution as return of capital, if I remember correctly. It is not something I'm doing, but considering something similar for the NCT/NSR spin-off.

    One other thing I forget - with my wife not working, itemizing, deferring, and having kids at home, I benefit from 0% capital gains federal tax rate from the evil tax cuts pushed through by George W. Bush.

    Oct 20 04:01 PM | Likes Like |Link to Comment
  • It Is Not Ebola That Is Out Of Control, It Is The Media [View article]
    I don't have cable, and never watch the network news, so I've missed most of it.

    That being said, everyone has a feeling that our government is mainly interested in expanding power, wealth, and control for themselves, and those who keep them in power. While that has always been true in our history, the difference now is our ruling class no longer wants the responsibilities that come with ruling, so they have delegated all of that out to the Courts, or unelected international organizations. Why no one will ever audit the Federal Reserve, and that no one was jailed from "Fast and Furious", the IRS scandal, the banking bail-out, etc. tells you all you need to know.

    Obama is the perfect President for these times - a man-child with no real skills other than convincing the vain or victimhood class, that they are either intellectually superior like he thinks of himself, or a victim, and he will get get revenge for you. Vanity and victimhood is the viewpoint of a majority of Americans today - I have no doubt he would be re-elected a 3rd time if allowed.

    The concern over ebola is the recognition that most know our government has no competence with it's most basis responsibilities, and is corrupt, and of dubious morality.
    Oct 20 12:15 PM | 1 Like Like |Link to Comment
  • New Residential reverse split takes effect [View news story]
    problem is the reorg fee charged - $15 or $20 which is higher than selling and buying back post reverse split.

    If you are pinching pennies....
    Oct 20 10:57 AM | Likes Like |Link to Comment
  • Newcastle sets date of senior living business spinoff [View news story]
    So, what is left in NCT after the spin that is worth anything? I'm debating whether to sell on the Split run up, and buying SNR post split.
    Oct 19 08:52 PM | Likes Like |Link to Comment
  • Report: Saudi prepared to let oil prices stay low [View news story]
    I think it is part of a deal with the U.S. to get involved on the side of Saudi interests in the war with ISIL, and the United States will fight this war if the Saudi's will keep oil prices down to hurt Russian oil income.

    More blowback from misguided foreign policy in Syria.
    Oct 13 10:01 AM | 2 Likes Like |Link to Comment
  • Tesla's New $120,000 Flagship Matches The $61,000 Dodge [View article]
    Bigger question - why spend $120k (or $61k) on a fast car so you can drive (and sit in gridlock) behind me in my 15 year old Corolla with 184,000 miles?

    I liked mindlessly fast cars when I was very young, but then 1 Corinthians 13:11 took hold in me.
    Oct 10 10:21 AM | 2 Likes Like |Link to Comment
  • Federal and local minimum wage proposals rattle around [View news story]
    Labor vs Capital. You make labor more expensive, and employers invest in capital to reduce the need for labor. Do I really need someone pushing pictures on a register at McDonalds when I could order and pay myself via self-checkout, and just have one person assembling orders? I'd be willing to use a credit card only line.

    With the new technology coming in the next two decades, a large percentage of jobs could be going away.
    Oct 10 10:03 AM | 4 Likes Like |Link to Comment
  • Update: Caledonia Mining Declares A C$0.015/Share Dividend [View article]
    Used to own this - still watching. Biggest issue for them is they operate in a country run by a megalomaniac with a penchant for arbitrarily rewriting rules for companies operating there.

    I too think the price is currently too high to buy back in for the level of risk
    Oct 9 11:45 AM | Likes Like |Link to Comment
  • Bob Evans May Soon Be 'Delivering Farm Fresh' REIT Revenue [View article]
    Yes - they did get a tax credit to move from the south end of the city to a suburb in the northeast. Chalk that up to crony capitalism.

    I have no doubt the current CEO is an overpaid prima-donna who wanted a new building in the beautiful part of town. Quite sad to see what has happened to the company.

    Bob Evans is a perfect microcosm of how dysfunctional much of Corporate America is today - overpaid execs obsessed with the stock price and their own stock options, trying to please Wall St., which is mostly ruled by a psychotic level of short-sighted greed.

    Customers and employees - who cares about them. As long as the rats get what they want before the ship sinks.
    Sep 30 03:19 PM | Likes Like |Link to Comment
  • Bob Evans May Soon Be 'Delivering Farm Fresh' REIT Revenue [View article]
    Bob Evans was a great company when it's family controlled the business. Now it is at the point where Wall Street parasites smell blood in the water from a company with solid conservative assets, and are looking to fill their pockets.

    Another great company being turned into just another debt-laden victim.
    Sep 29 08:49 AM | 6 Likes Like |Link to Comment
  • Exxon reportedly halts drilling at Russian Arctic well [View news story]
    U.S. oil companies are still the best in the world with managing and operating oil fields. It is an expertise that takes a lot of time and experience to master. Unfortunately we have a government that no longer values such traits, but rather traits of subservience to the ruling class, and dependency. Companies like Exxon-Mobil, Seadrill, etc. are not the kind of organizations they wish for citizens to emulate.

    The issue is the places U.S oil companies can work are continuing to decrease as every 3rd world country is nationalizing thier oil fields, or excluding U.S. companies for political reasons.

    It is sad to see countries such as Venezuala permanently damage their oil fields thru mismanagement.

    I'm getting killed on Seadrill right now.
    Sep 19 01:06 PM | 2 Likes Like |Link to Comment
  • 'The Stupidest Article Ever Published' [View article]
    Standard of living continues to drop for most Americans, unless you count the typical American buying junky Asian made electronics to distract them from the fact they cannot save for retirement, grow an emergency fund, buy and keep a home, donate to charities, or plan for their children's future.

    I admit it takes patience and sacrifice, something that has always been in short supply (just read The Bible), but the government is cooking the numbers to make things look better for 30 years - changing the definition of unemployment, adding questionable measurements to the GDP, etc. The U.S. is not insolvent only because every other major country is using the same screwball playbook.

    It will be interesting - corporations, governments, central banks, etc. are all counting on inflation to allow debt to be paid back with cheaper money, but demand is dropping in nearly every developed country, especially if government transfer payments are left out of the equation.
    Sep 15 01:08 PM | 7 Likes Like |Link to Comment
COMMENTS STATS
274 Comments
568 Likes