Domain: cnbc.com
Stories and comments across the archive that link to cnbc.com.
Comments · 993
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Re:Another benefit of low crude pricing
The level of arrogance and ignorance in both your post and the grandparent would be astounding if it wasn't for the fact that it appears to be all-too-common. That "landlocked Asian minor country" has the largest coastline of any nation in the world. They are in the midst of rapid deployment of technologies to exploit the resources and opportunities of the arctic region including many new icebreakers in an effort to open a northern sea route (which may become very viable if the global warming predictions come true). Further, their current military campaign in Syria has proven remarkably effective, especially in contrast to the anemic actions of the United States and our western allies before they entered the conflict. They have demonstrated the capabilities of submarines being able to fire missiles while submerged to the effective use of some of their most modern fighters (as opposed to our failed F-35) and effective long range cruise missiles. They are growing increasingly capable while we appear to be stagnating.
It should also be noted that Russia has been signing major deals with some of the world's largest nations at the same time that we seem to be alienating our friends here in the United States. Far from being a needy border-line-third-world-nation, Russia seems to be showing us up time and again. Twice now the United States in the past few years, the United States has been forced to back down when Russia asserted their will in Syria, and despite economic pressure on Russia over Ukraine, they have not backed down at all. A lot of talk has been made over how Russia has a shrinking cash reserve and yet everyone seems to forget that _they_actually_have_a_reserve. Further, their foreign debt is currently decreasing at the same time our national debt has just reached $19 trillion. When one considers that our proposed defense budget is as large at the combined total of the next 8 countries and yet we have a fighter that cannot fight and a high-tech destroyer that cannot float, I don't think we have much room at all to speak of Russian corruption (though it almost certainly exists).
Given current trajectories, it seems to me that our country is more likely to face a future of irrelevancy than the Russians right now. Our press is very selective about what they cover, but reality has a nasty way of asserting itself and often in very painful ways.
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Re:Another benefit of low crude pricing
The level of arrogance and ignorance in both your post and the grandparent would be astounding if it wasn't for the fact that it appears to be all-too-common. That "landlocked Asian minor country" has the largest coastline of any nation in the world. They are in the midst of rapid deployment of technologies to exploit the resources and opportunities of the arctic region including many new icebreakers in an effort to open a northern sea route (which may become very viable if the global warming predictions come true). Further, their current military campaign in Syria has proven remarkably effective, especially in contrast to the anemic actions of the United States and our western allies before they entered the conflict. They have demonstrated the capabilities of submarines being able to fire missiles while submerged to the effective use of some of their most modern fighters (as opposed to our failed F-35) and effective long range cruise missiles. They are growing increasingly capable while we appear to be stagnating.
It should also be noted that Russia has been signing major deals with some of the world's largest nations at the same time that we seem to be alienating our friends here in the United States. Far from being a needy border-line-third-world-nation, Russia seems to be showing us up time and again. Twice now the United States in the past few years, the United States has been forced to back down when Russia asserted their will in Syria, and despite economic pressure on Russia over Ukraine, they have not backed down at all. A lot of talk has been made over how Russia has a shrinking cash reserve and yet everyone seems to forget that _they_actually_have_a_reserve. Further, their foreign debt is currently decreasing at the same time our national debt has just reached $19 trillion. When one considers that our proposed defense budget is as large at the combined total of the next 8 countries and yet we have a fighter that cannot fight and a high-tech destroyer that cannot float, I don't think we have much room at all to speak of Russian corruption (though it almost certainly exists).
Given current trajectories, it seems to me that our country is more likely to face a future of irrelevancy than the Russians right now. Our press is very selective about what they cover, but reality has a nasty way of asserting itself and often in very painful ways.
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By design
The problem here in the US is that we have neither free market health care nor socialized health care, but rather the bastard offspring of the two combined. The result is not the best of both worlds, but the worst of both worlds: the socalized part serves only to corral the sheep into the shearing barn, where the "free market" part is free to gouge them into financial ruin. The end result is that in the US, medical expenses are the #1 cause of bankruptcy -- and that's by design, my friends. All by design.
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Re:Recessions will do that
Any time that someone links to a Google search as evidence of anything you know that what they are saying is most likely going to be wrong. I don't know what results were coming up in other regions for that search, but for me I get a first result that says that says that only the industrial goods-producing sector of the Chinese economy is in recession, and that "the domestic-oriented service sector is likely to keep growing at low, double-digit rates -- and that should result in real GDP growth of 4 percent to 5 percent". A growth of GDP means that they are not currently in recession.
The next result speculates on a future recession in China, and that "Fears of a sharp slowdown in China's economy
... has rattled global markets in recent months". It later says "while a global recession is not yet reflected in Citi's benchmark forecasts for global or Chinese growth in 2016, it is a view that has gained ground within Citi's global economics team". Once again, speculation and fears of what will happen in the future is not evidence that they are in recession now, and it is not even an immediate prediction that there will be one.For a more up-to-date quote from the same person at Citigroup, the "in the news" part of the search results had this new article that said "Citi held its growth outlook for China in 2016, but cut it by 0.2 percentage points to 6.0 percent in 2017". That is a forecast of two years of positive growth, a far cry from the technical indicator of a recession of two consecutive quarters of negative economic growth.
China's rate of growth is definitely declining, that is not the same as saying that their growth is actually negative. They may be heading for it at some stage, but not yet. If their economy is moving from a goods producing industry to service providing one then that will have a positive impact on their greenhouse gas emissions. That does not mean that this reduction of emissions is unsustainable, nor that there is any need to "call you later".
I think that you are still looking for excuses to ignore this report so that you can still rely on the old "China pollutes so we shouldn't have to cut our GHG emissions" line.
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Re:Recessions will do that
Any time that someone links to a Google search as evidence of anything you know that what they are saying is most likely going to be wrong. I don't know what results were coming up in other regions for that search, but for me I get a first result that says that says that only the industrial goods-producing sector of the Chinese economy is in recession, and that "the domestic-oriented service sector is likely to keep growing at low, double-digit rates -- and that should result in real GDP growth of 4 percent to 5 percent". A growth of GDP means that they are not currently in recession.
The next result speculates on a future recession in China, and that "Fears of a sharp slowdown in China's economy
... has rattled global markets in recent months". It later says "while a global recession is not yet reflected in Citi's benchmark forecasts for global or Chinese growth in 2016, it is a view that has gained ground within Citi's global economics team". Once again, speculation and fears of what will happen in the future is not evidence that they are in recession now, and it is not even an immediate prediction that there will be one.For a more up-to-date quote from the same person at Citigroup, the "in the news" part of the search results had this new article that said "Citi held its growth outlook for China in 2016, but cut it by 0.2 percentage points to 6.0 percent in 2017". That is a forecast of two years of positive growth, a far cry from the technical indicator of a recession of two consecutive quarters of negative economic growth.
China's rate of growth is definitely declining, that is not the same as saying that their growth is actually negative. They may be heading for it at some stage, but not yet. If their economy is moving from a goods producing industry to service providing one then that will have a positive impact on their greenhouse gas emissions. That does not mean that this reduction of emissions is unsustainable, nor that there is any need to "call you later".
I think that you are still looking for excuses to ignore this report so that you can still rely on the old "China pollutes so we shouldn't have to cut our GHG emissions" line.
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Re: The Force Awakens?!?!
Considering it has created new records for income on a movie, I think the world disagrees with you.
http://www.cnbc.com/2016/01/07...
It has already made more than a billion dollars in revenue.
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Re: Right. More than right.
Not really. the younger generations are staying away from Facebook and twitter. As myspace died before them, so will go Facebook.(replaced by snapchat, instagram, and whatsapp, among others)
The cycle is stretching out finally, no longer is this done by the year but by the decade. Facebook will stick around but their numbers have basically stopped growing in another 10 years like world of warcraft it will be shrinking. trying to expand again.
"Daily active users (DAUs) for the social media platform came in at 936 million on average for March 2015, an increase of 17 percent year-over-year and higher than the StreetAccount consensus estimate of 920.2 million." (CNBC )
By the way, you know Instagram was bought by Facebook 3 years ago, right?
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Re:If you don't know why they're doing this...
Cashless society: A huge threat to our freedom
http://www.cnbc.com/2013/12/12/cashless-society-a-huge-threat-to-our-freedomcommentary.html -
Re:Not about the law
Argentina's economy is as flaky as anybody's.
And as far as Venezuela's victimhood, the American 'big stick' policy and dollar diplomacy over the years has justified the feeling a bit.
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Maybe his plan was to become the most hated
Perhaps his plan was to paint the government as coming after him on a trumped-up charge in retaliation for his raising the price of Daraprim by 5,500%. However a close look reveals he's been under investigation for quite a while, for example:
http://www.cnbc.com/2015/12/17... -
Will this help with norovirus?
What if any will this do to prevent a recurrence of the norovirus illness that sickened 141 Boston College students who ate at Chipotle?
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Re:You can't make this stuff up
I'm pretty sure the GP is 100% right. You seem upset, do you own Yahoo stock or something?
http://www.cnbc.com/2015/10/21...
http://m.economictimes.com/new... -
Identity Fraud
Medical records are sheer gold for identity fraud http://www.wsj.com/articles/ho...
Stolen medical records can be used for medical insurance fraud and taking out loans in your name. If you don't pay up, they send debt collectors after you. They are paid by commission so don't care if they debt is legit. http://www.dailymail.co.uk/fem... http://www.philly.com/philly/b... http://www.startribune.com/cri... http://www.nbcnewyork.com/news...
What to do if they send a debt collector after you http://papers.ssrn.com/sol3/pa...
Shit IT security by health providers is a big problem http://money.cnn.com/2015/07/1... http://www.wsj.com/articles/an... http://www.cnbc.com/2015/03/17...
So is doctors collecting information about you they don't need like your SSN which staff can sell to identity thieves http://www.forbes.com/sites/la... -
Re:Lame answer
That is kind of funny, because Bitcoins are incredibly easy to trace. Many things are being broken up by the ability to trace bitcoin. The blockchain keeps track of every transaction, so if I record the bitcoin ID, and transfer you the bitcoin, it can be tracked through every transaction to where you finally pull out the money, where it becomes obvious who owns the wallet by the account that receives the money.
http://www.wired.com/2015/01/p...
http://www.cnbc.com/2015/04/21...
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Re:The general consensus amongst many AmericansIf you want a real picture of the plausibility of man-made global climate change, don't check scientists or Al Gore, consult actuaries and insurance companies. Pretty sure you'll find they're believers, because they have to actually pay for it if they choose wrong.
OK
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Good business
Warren Buffett thinks so. The 'new economy' does everything but make money.
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Bad reporting by the WSJ
TFA is just bad reporting by the WSJ repeated by the rest of the press. It is made mostly from interviews with a few ex-employees.
You can read the company's written responses here
You can also see Elisabeth's response on Cramer .
Might be nice to get more info before expressing an opinion here.
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Re:CEO Elizabeth Holmes
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CEO Elizabeth Holmes
CEO Elizabeth Holmes is fucking gorgeous!
Unfortunately, she sounds like a man.
Here is CEO Elizabeth Holmes refuting the WSJ article with Jim Cramer.
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Re:It should be obvious
USA is a joke, not the world's largest manufacturer. WTF does USA manufacture? You should try and come up with examples beyond Boeing, Caterpillar and what? Bombs?
Dollar is going down, not up and the fact that the Chinese decoupled from USD as I mentioned a number of times is a great indicator that they will no longer prop up the US dollar and debt. There is nowhere for the USD to go but down, the entire USD bubble was predicated on a false expectation of the Fed raising interest rates, which they will not do, instead they will come out with QE4 and later QE5 and all the way into QE infinity until there is no more dollar.
The only thing that will stop this bleeding will be a dollar/bond collapse that will prevent USA from borrowing further. At that point it's either hyperinflation or back to sound money. As far as Euro concerned, it is going to beat USD in the coming months.
Chinese economy is becoming more and more free, this unpegging from the USD proves it. So called 'communist' China is now enjoying a much more free market capitalist economy than the so called 'capitalist' America. I understand economics much better when I am unconscious than when you use 100% of your little pathetic brain.
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Not a currency
It's a "commodity", at least per the IRS and CFTC. Not that it matters for this instance...CNBC talks about the recent rule changes. I'm wondering if his attack could be considered something serious now, at least legally. If it can be proven he caused real monetary damages...
Of course he's Russian, so it doesn't really matter. At least it doesn't matter until he manages to screw up some buddy's of Putin, and then "legal repercussions" will be the least of his worries. -
Re:duh
And people wonder why rich are getting richer and the middle class is shrinking.
The facts don't agree with this statement.
I don't know what 'facts' you're referring to so please feel free to present something more substantial.
Here are some references supporting my statement:
"...economic inequality has worsened significantly in the United States and some other countries. The richest 1 percent in the United States now own more wealth than the bottom 90 percent."
http://www.nytimes.com/2014/07..."University of California, Berkeley research published in June showed America's richest 1 percent captured 55 percent of total real income growth between 1993 and 2014. "
http://www.cnbc.com/2015/09/09..."There is no dispute that income inequality has been on the rise in the United States for the past four decades. The share of total income earned by the top 1 percent of families was less than 10 percent in the late 1970s but now exceeds 20 percent as of the end of 2012."
http://fortune.com/2014/10/31/..."...with the share of total household wealth owned by the top 0.1 percent increasing to 22 percent in 2012 from 7 percent in the late 1970s"
http://fortune.com/2014/10/31/... -
Re:American vs. European 'safety'
http://www.cnbc.com/2015/06/23... But applied to the A-pillar, so you see what's on the other side.
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BMW also...
BMW engines were emitting nitrogen oxide levels that were 11 times more than the current limit set by the European Union. However, it later reported that there was no indication of tampering with the vehicles. Citing road tests by the International Council on Clean Transportation (ICCT), it said that a model of the BMW X3 was emitting more poisonous gases than the Volkswagen car that is currently at the center of the emissions scandal. http://www.cnbc.com/2015/09/24...
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Look, the scumbag responds to pressure
So, the scumbag CEO Martin Shkreli responds to pressure.
Perhaps it's time to start pressuring this scumbag to stop wasting oxygen that someone else, certainly anyone else, deserve more.
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Re:Citibank
Citigroup tops the list of bailout recipients http://www.cnbc.com/id/4209955...
Most of that bailout was guaranties, not cash. The article you link intentionally confuses the two. The fed made a profit off Citigroup. Now, they've done lots of illegal stuff and I consider them to be the scummiest bank in the US, but they did repay those bailouts and more.
How much will it cost this time around ?
Since the bailouts actually made a profit, why are you worried?
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Re:Citibank
Citigroup tops the list of bailout recipients
http://www.cnbc.com/id/4209955...
How much will it cost this time around ?
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Re:No, they have just fucked it up
This has nothing to do with socialism.
This has everything to do with socialism/communism.
With legal bills quickly mounting and most of his own paycheck and last year's $2.2 million in profits plowed into the salary increases, Dan Price said, "We don't have a margin of error to pay those legal fees."
First, he makes way less, same as the lowest paid worker.
Two of Mr. Price's most valued employees quit, spurred in part by their view it was unfair to double the pay of some new hires while the longest-serving staff members got small or no raises.
Second, he screws over the valuable employees with low or no pay raises.
Isn't this the hallmark of socialism where everyone gets the same benefits regardless of contribution?
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Re:What they really said
10 year treasuries have averaged ~2.5% over the last 5 years:
http://data.cnbc.com/quotes/US...
Median CPI, before fiddling, has average about 2% over the last 5 years
So over that period, the estimated real return is 0.5%
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Re:What bothers me
This is hilarious, it was quite obvious that you only read the first paragraph article you cited... and now you didn't even read the first paragraph of what I last cited, allow me to demonstrate. You claim:
State may have them. Nobody knows except the State Department.
Except that's not what the State Department has said, to quote the last article I cited (and the first paragraph no less):
The State Department said Thursday that it could not locate “all or part” of 15 e-mails provided last week to the House Select Committee on Benghazi by Sidney Blumenthal from his exchanges with then-Secretary of State Hillary Rodham Clinton.
Still not convinced? Why not consult a whole number of articles from various sources which report the same thing?
http://news.yahoo.com/state-de...
http://www.cbsnews.com/news/15...
http://www.nbcnews.com/politic...
http://www.cnn.com/2015/06/25/...
http://www.cnbc.com/2015/06/26...
http://www.foxnews.com/politic...
http://www.msnbc.com/msnbc/sta...
http://timesofindia.indiatimes...Noticing a trend yet?
Thus, your claim that we know she didn't turn over all of the emails is false. The State Department might have them, they might not.
So you are calling the professionals at the State Department and national archives incompetent because they cannot adequately locate these documents they may or may not have? Riiight. Occam's Razor would seem to apply.
You're misunderstanding the quote. According to them the information should have been deemed confidential.
On the contrary, I understand it quite well (as unlike you I've spent some time reading on this subject. Failing to set the 'classified' flag on an email doesn't change whether it is actually classified or not, it simply flags it for filtering & handling... not unlike putting "ATTORNEY CLIENT PRIVILEGED" in a subject line of an email. It's the content that matters, not the subject of flags.
It wasn't, though. That means there is no proof that she sent material that was, at the time it was sent, deemed classified.
Again... that's not what the IGs (two of them) have said. Though even your use of the term 'proof' is laughable. The intelligence agencies do not deal in proof the way the rest of us do, but in terms of probability. And the IGs have determined it is very probable that classified information that Hillary had access to is not in the control of the government due to her. That's the first step to opening a criminal investigation which will hopefully lead to a trial and proof that even you would accept.
Say hi to President Sanders for me.
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The term is "Creative Destruction"
"Creative Destruction" is the destruction of the "worse" which is replaced by the "better". Hopefully resulting in better overall social welfare.
Would the destruction of the current model of the taxi industry lead to higher general social welfare? If the choice is between concentrating more of the profit at the top and less of it among the workers, probably not. If it means more profit for workers, and more workers, then it would improve social welfare.
Trying to identify which model improves social welfare is the key. Change is scary and disruptive, and not always good. But without technology-driven change, we'd still have a wagon-wheel manufacturing industry. On the other hand, we have lost a great deal of manufacturing, with all the costs and benefits that entails. IMO the costs outweigh the benefits in losing manufacturing.
Unfortunately, we don't see creative destruction in other important areas such as finance or politics. The financial system imploded in 2008, due to consistent patterns of misjudgment and malfeasance. But, they are among the biggest donors to federal politicians, so they received a rescue. I can understand saving the banks, but no executives were penalized, much less jailed. And the business models didn't change. Too Big To Fail just got bigger. Also, we don't see creative destruction in politics where the game is heavily rigged to favor the incumbent. If taxi drivers can convince (i.e. contribute sufficiently to) local, state and federal politicians, they may be able to save their business model, regardless of the social welfare implications.
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Re:No, these companies need to follow the law
The employees like it, the customers like it, and nobody who didn't voluntarily put themselves in this situation is affected by it, save for the raw dynamics of business (i.e. some other company is capturing your market better than you, so you're losing business and they're gaining business; this is why the RIAA wants rights-enforcement jurisdiction over RIAA-independent artists, not just those who sign with one of the RIAA labels). Complaining that you don't agree with how it should work is literally the same as complaining that some people have gay sex or study Marx: it's not your business.
At least some employees don't like it, and they are suing Uber.
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Re:Any more purges of developers?
Did you miss the whole #uninstallfirefox thing?
Calls for boycotts are rarely successful in general and on the subject of "gay marriage" in particular.
Nobody knows, whether the campaign caused any perceptible dent in Firefox' userbase — as I said, I doubt, there was much of an effect. This simply is not a reason to consider a software program. Especially, a free one — where none of your money would benefit the subject of your hatred either way.
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Re:sigh...
Houses have carrying costs which people need to understand as well. Investors often buy with no mortgage so they don't have to pay interest costs. Interest is typically the biggest single cost for the buyer using a mortgage. As far as the investors go, they're in and out as quickly as they can be to avoid the other carrying costs of the house - taxes, insurance, utilities, maintenance, other fees. The hidden costs of home ownership, at CNBC - they're claiming 6K a year on average carrying costs. And that's a Zillow spokesperson talking about that, so they might even be understating the carrying costs.
To make a profit on a house, the selling price plus the sum of rents have to be greater than the sum of the carrying costs.
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Re:Apparently you were not in California...
Ah, so it never applied to you. You heard their stories and assumed how horrible it must have been when the big bad wolf came for their livelihoods. I am glad they got out of running a business because it is not for the weak. If you are an SP or LLC with pass through, and you are not able to make it with a personal AGI of over $250K, something is very wrong.
Actually, it cost me $132,000 personally. I keep enough float that it's not an issue, but I'm pretty sure I could use that money better than the California government can use it.
Considering business get to deduct their expenses, it sounds like poor planning on their part, being over stretched with debt.
Uh, how in the HELL do you PLAN for a RETROACTIVE tax?!?!?
As a small business owner myself, I don't have sympathy for those that run companies on the edge because anything can happen to wipe you out. They should have gone to their bank and tapped their line of credit or gotten a bridge loan. If they are not in the financial position to have access to either of those sources of cash, they should not have gone into business.
Obviously, you don't run a cash flow business; you don't run a small car mechanic, or a hair salon, or a laundromat or a Subway or Quizno's franchise.
Tech companies offer the 401k for retirement purposes. RSUs are used as form of incentive compensation. If these people are using an RSU for retirement purposes, they need to find a competent financial adviser. If people don't understand the risks with RSUs and sign the grant agreement, they only have themselves to blame. Worst case, reject the grant.
You can't possibly retire in California on a 401K, or even a 401K + social security. If they raised the contribution caps SUBSTANTIALLY, then yes, maybe you could, but unless you are a total fiscal idiot, you have to realize that 401K + SSI is not even going to cover the property tax on a home in San Francisco.
Wow, that is some type of crazy. This is the sky is falling trope that the conservative and libertarian groups like to throw around. The wealthy have not left in droves. Elon Musk still lives in Bel Air, Tim Cook still live in Palo Alto, Larry Ellison still lives in Woodside. The people leaving the state in droves are in the bottom 50% and those hitting their retirement age, and this is due to the cost of living.
The people you are citing have more money than God. They aren't "millionaires", they're billionaires, and they can take the hit, since most of their income is sheltered anyway.
But where's Eduardo Saverin living again? Oh yeah, he gave up his US citizenship because he was (effectively) paid $67M by the state of California alone to do it (and another $30M or so by the fed).
Other people moving out of state due to taxes:
http://www.frontpagemag.com/20...
http://www.sfgate.com/business...250 companies:
http://www.cbn.com/cbnnews/fin...Small business and family consequences:
"It's really going to hit the small business owners and the young family that's trying to accumulate enough to raise a family, maybe send their kids to private school. It'll kick them in the teeth."
http://www.wsj.com/articles/SB...Historical study for "millionaire tax" in Maryland:
"The Change Maryland study found that the tax cost Maryland $1.7 billion in lost tax revenues."
http://www.cnbc.com/id/4812044...Actual numbers (scroll down past
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Re:Revenue or profit ?
Either way, it still doesn't sound like that much for something billed as being "the biggest."
Indeed. The market for dope in America is estimated to be as high as $120B. So this guy has 0.0001%. I'm not impressed.
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Actually much sooner
We will definitely be off fossil fuel by 2100, because we will be out of coal in 23 years http://www.dailykos.com/story/... out of oil in 50 years http://www.cnbc.com/id/4222481... and out of natural gas in 87 at the current rate http://www.eia.gov/tools/faqs/... (much faster assuming consumption goes up when we run out of oil and coal)
The world is going to become a very different place, in our lifetime. OK so we all have electric cars, but how do you travel to Europe without oil ? In an electric plane ? A battery powered boat ?
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Re:Personal finance knowledge
Low cost index funds are the way to go. "Financial adviser" is just a fancy term for salesman. They don't act in your best interest, they are getting a commission on what they sell you. Your chances of beating the market are very slim, your best bet is to keep costs down. Read Bogleheads.org They are a great resource!
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Beware the 'Pizza Delivery Syndrome'
The fault of that lies in Congress.
Spend Middle East War money on NASA and science and it goes a lot faster.You cannot successfully argue against war itself as a waste of human resources or a needless monetary expense. Sure you can philosophize and get a show of nodding heads in peacetime, but then something awful happens and someone shouts "Remember the Maine!" or "Hitler will invade the UK, then Mexico!" or "Let's get Bin Laden!" and all is moot. Inquiring line items is useful... such as whether ~$60 billion disappeared while out-sourcing the supply line or whether airlifting $40 billion in 'unmarked bills' into Iraq was a great idea.
Be sure to tune in C-SPAN today [Sunday] at 4:00pm ET to see how many senators believe the Patriot Act is a good thing. But I'd bet my bottom dollar that all the NSA rhetoric will center on so-called 'call metadata sharing agreements' with nary a word about full content backbone taps which are the greatest threat.
Government spending is a mysterious process. When it is time for the Fed to mint virtual money for Quantitative Easing, bail out banks by easing their losses, or the Federales to finance wars by raising the trade deficit ceiling and selling bonds to the Chinese we are awash in Magical Unicorn Money. When it is budget time every cent is haggled or omnibussed. Clearly this beast has two heads.
But you have to get more specific than 'military spending'. Pick something, anything and try to start a grass roots movement to attack it. Or better yet, just spend your time 'selling' space exploration in all of its forms. Neil deGrasse Tyson wasn't completely joking when he suggests that a militarized space race with China (or rumors thereof) would jump-start the process. A new Cold War would certainly unlock that Magical Unicorn Money. It may seem odd but weaponizing space is actually a good idea.
But there is something I call the 'Pizza Delivery Syndrome', where someone desirous of something, say a Space Program, will seize upon a money-factoid such as this
cite "Consumers spend around 33 billion U.S. dollars in quick service pizza restaurants each year in the United States. Takeout pizza constitutes the largest share of spending within this category at nearly 15 billion U.S. dollars annually, followed by pizza delivery at around ten billion. This is perhaps unsurprising considering more than 20 percent of U.S. consumers eat takeout or delivered meals at least once a week. While older generations appear less dependent on such services, around 40 percent of 18 to 54 year olds felt that takeout food was essential to their way of life as of November 2014..."
and create, out of thin air, some hypothetical world where every one who desires a pizza is visited by a Fairy Godmother who smiles and asks, do you really want that pizza or could we all fulfill mankind's most glorious dream? Your wish is my command. In this scenario they always choose the pizza, statistics show. It serves as foundation for acerbic commentary on the wretched excess of modern humans. This is a dead end because (on the whole) people would rather talk about pizza than space.
Ask not what pizza lovers can do for you.
Ask what you can do to send pizza into -
Re:I got it!
I reallize the a person is going to take what the market will pay them, but it is seriously difficult to imagine that they are worth that much.
Then you really won't want to read about David M. Zaslav, from the Discovery Network and The Learning Channel (former home of the Duggar family and Honey Boo Boo) who's total compensation in 2014 was...$156 million!
http://www.cnbc.com/id/1026872...
It is good to be an oligarch.
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Obama's friends don't believe him about sea levels
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Re:Laws that need to be made in secret
Those involved do not even want the realities of free trade made known!
"They fear that an accurate portrayal of U.S. manufacturing will result not in a robust U.S. manufacturing strategy but in trade protectionism," the authors write. As a result, the report warns that policymakers and business leaders are being lulled into complacency.
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Actuaries...
had and probably still have more control over production than engineering. Ford figured it would add an $11 per car cost of manufacture to make safe and dead bodies were cheaper. I doubt it's changed..
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Law makers
Insider trading is not illegal to Law makers;
http://cnbc.com/id/43471561 -
Re:Or Just Sell To The Upper Class
Even within the top 10%, the gap between the bottom and the top is growing wider. The real incomes of those at the bottom of that group (i.e the 10th centile) have already stagnated, just like everyone else below them.
That simply is not true. While in the last 30 years the size of the middle class has shrunk from 61% to 51% of the population (source), the upper class has seen its size grow from 14% of the population to 20%. Far more people fell to the lower class than those who rose to the upper class, but the upper class is growing. Not only is the upper class's median income increasing, but its size is growing. Even if the upper class's income was stagnant when you remove the 1% (which the data does not support), it would still be a good thing that its size is increasing.
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Re:You are now part of the 1%
Read your own bloody link in the future.
It's $350k in income per year, not in net worth. There is a massive difference between the two. A house counts for the latter and not the former.
According to this article you need around $8 million in net worth to be part of the 1%:
http://www.cnbc.com/id/4880064...So no, a house doesn't cut it.
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Fix the current problems
Perhaps, instead of robots, they should look at fixing their leaky pipes (Bay Area loses billions of gallons to leaky pipes) or sending, so efficiently, most of their rainwater back into the ocean (How to fix California's drought problem) before they spend billions building desalination plants (Drinking the Pacific).
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Re:Almost Time
You do realize that the money people are indeed fleeing the US in record numbers? Even just a quick google can show you that this is a disturbing trend...and with Barry O actual musing on national fucking television about a death tax, exit tax, and taxing the rich even more expect the exodus of rich people to get worse if Hilly gets elected. Sucks but the Dem need a LIBERAL candidate or the US is fucked. http://www.cnbc.com/id/1024134...
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Re:Very nice
I see a village is missing its idiot.
Not like there isn't a need for the worlds navies
http://www.cnbc.com/id/1019691...
Where else would gay men get a legitimate sounding reason to climb into bed with other men? And shower with them! If anyone is against the navy they are obviously a homophobic bigot!
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Re:Very nice
I see a village is missing its idiot.
Not like there isn't a need for the worlds navies