Domain: fintrend.com
Stories and comments across the archive that link to fintrend.com.
Comments · 8
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Re:Translation
Today's gas prices are lowest in history of USA. You can buy a gallon of gas for 10 cents.
Of-course you need a dime that was minted prior to 1965 and had silver in it.
Wouldn't help, you'd still be on the 3rd biggest price spike in the last half-century:
http://www.fintrend.com/inflation/inflation_rate/Historical_Oil_Prices_Chart.asp
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Re:Taxes are a bargain
This will be a supremely unpopular stance among a large section here - but taxes are one of the best bargains in any marketplace.
It's also not even wrong. You don't understand what "marketplace" means. I can't just choose who I get taxed by without considerable effort (namely, move to another locale and jump through whatever immigration hurdles there are). A market implies that you have choice.
Taxes buy infrastructure.
As other repliers noted, taxes also destroy infrastructure. If you want a contemporary example, taxes pay for the Department of Homeland Security whose primary claims to fame is wasteful security theater at airports (which harms air travel infrastructure by delaying passengers and making air travel less efficient) and dropping the ball on Katrina.
Taxes buy culture.
Sounds like someone who doesn't have a clue what "culture" is.
Education systems may not be ideal
Taxes buy education inflation. Education costs have increased at a rate three times that of regular inflation since 1985. If there was no money spent on education, we'd still have the top college system in the world. And our K-12 system would still suck except for the people who can buy an education for their children. Just like it does now (keep in mind that some people buy a good K-12 public education by buying an expensive house in the right school district).
Simply being able to have conversations and do business across large nations like the US is one small bit.
Would still happen without government interference or money. Internet or telephone were inevitable ideas and mostly developed by private sector.
but the return is enormous
If you ignore the costs and the return. Sure. A classic example is the NASA "spinoffs", a huge list of developments that allegedly were sponsored by NASA. This list ignores that most such spinoffs weren't developed by NASA, would have been developed anyway, or have a trivial NASA involvement which has been ridiculously stretched to taint future private investment. The flaw here is that the value of the NASA contribution is grossly overinflated.
From tools, to access to shared resources, to even the ability to shape the system you live in - taxes buy a lot more than a simple minarchy would allow.
Even if we ignore that private sector already provides most such stuff, you still don't have evidence for your assertions other than that government does stuff. I have this suspicion that if the only legal way to wipe your ass was via an official ass-wiper from the Bureau of Efficient Ass-Wiping, then ass-wiping would be added to the list of virtues of tax payments, even though it's pretty clear that we can wipe our asses without government intervention.
What's surprising is how often people will directly vote to have the rich pay less taxes, and the poor pay more - that part never made sense to me, given how much shared sacrifice already goes into providing people with the tools to become rich - it just doesn't seem like they need more protection all the time.
I imagine it's a combination of two things. First, ignorance on your part about the tax system, who pays what, and the interests of the voters in question. And two, people realize the value of rich people. Poor people don't employ other people.
But that's part of taxes also - they will be spent as the people's representatives allow them to be spent. Keep electing people and allowing them to be bribed constantly with no checks in place to stop the rising corruption on all sides, and you will keep getting taxes wasted - wasted by the system you allow to grow
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Re:Good to Know
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Re:A lot has to change to make parents responsible
Gas prices are higher than they've ever been.
Umm, no. You need to take nominal gas prices and adjust them for overall inflation. If you do that, you end up with a graph like this or like this.
While we got somewhat close post-Katrina and in parts of 2006, we still haven't surpassed the average prices of the early 1980s (following the 1979 "oil shock"). You have to be a bit careful, as really big spikes which last a matter of days are averaged out in the data, so you shouldn't directly compare the highest number recorded on a given day with historical averages.
In addition, cars are more fuel efficient at the same size now than in the early 1980s. However, people seem to just crave bigger vehicles now than in the 1980s, in part because they can afford them with the second income you mention. But that doesn't mean that a family couldn't maintain a reasonable standard of living on one income; it just means that instead of driving a huge SUV, they drive a compact car to work and the grocery store. It's absurd to claim that a second income is "ABSOLUTELY" necessary, when in fact many families are single parent (and thus single income).
As others are pointing out, people are buying bigger houses. Each kid has their own bedroom, more bathrooms/person, etc. The point is that this second income helps sustain greater consumption, but that previously accepted standards of living are still affordable on one income. -
Re:The S. Koreans
Second, current price of oil is currently at $63.25/bbl and has yet to ever reach $70/bbl.
Yes it has. In fact, it has surpassed it clearly. If you compare prices over a long period of time, you should take inflation in to account, instead of blindly staring at the dollar-figure. If you take inflation in to account, you will notice that during the oil-crisis in the late 70's, the price of oil was $94.48/bbl in 2005 dollars: link -
Re:this guy is a cook
gas/oil has never been cheaper when adjusted for inflation
It's nowhere near the inflation-adjusted high, but it has been much cheaper. See here; as of today it's at around $41/barrel. -
Re:Let's not forget synthetics...and politics...
I do get annoyed by peakoil scaremongerers who ignore the fact that people continue making new finds around the world - even in bizarre places where we've never even thought of looking before, such as granite basement rock (????... ok, someone explain to me how that one works
This is not scaremongerering. Similar analysis has been done by engineers/geologists from ExxonMobil, BP, Shell etc. Campbell's seminal article in SciAm is probably the best discussion I have seen. ;) And yet, look at Vietnam, and all of its granite fields like White Tiger...).Here is what ExxonMobil has to say about the matter. Hardly scaremongering.
Add to the mix the fact that some oil companies have been overestimating their oil reserves, and you have a looming problem that is notscaremongering. Are we adapting (using our oil resources more wisely/conserving)? Not really.
The total fleet fuel economy peaked in 1987 at 26.2 mpg when light trucks made up a mere 28.1 percent of the market. By 2001 with light trucks making up 46.7 percent of the market total fleet fuel economy fell to 24.4 mpg.
Unfrotunately, any debate on oil quickly degenerates into partisan bickerring. The fact remains tha gasoline is cheap and we are used to it. Adjusted for inflation, we should be paying almost twice of what we are used to. Like it or not, we are headed for sharply higher oil prices. This will likely provide a shock to the stock market and and a related price rise in other comodities we consume.The standards for all light trucks manufactured is set at 21.0 mpg for MY 2005, 21.6 mpg for MY 2006, and 22.2 mpg for MY 2007. This rule is effective May 5, 2003.
BTW, none of theses views are from "liberal environmentalist caremongerers" (whoever the heck they are.)
Cheers- raga
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Re:Let's not forget synthetics...and politics...
I do get annoyed by peakoil scaremongerers who ignore the fact that people continue making new finds around the world - even in bizarre places where we've never even thought of looking before, such as granite basement rock (????... ok, someone explain to me how that one works
This is not scaremongerering. Similar analysis has been done by engineers/geologists from ExxonMobil, BP, Shell etc. Campbell's seminal article in SciAm is probably the best discussion I have seen. ;) And yet, look at Vietnam, and all of its granite fields like White Tiger...).Here is what ExxonMobil has to say about the matter. Hardly scaremongering.
Add to the mix the fact that some oil companies have been overestimating their oil reserves, and you have a looming problem that is notscaremongering. Are we adapting (using our oil resources more wisely/conserving)? Not really.
The total fleet fuel economy peaked in 1987 at 26.2 mpg when light trucks made up a mere 28.1 percent of the market. By 2001 with light trucks making up 46.7 percent of the market total fleet fuel economy fell to 24.4 mpg.
Unfrotunately, any debate on oil quickly degenerates into partisan bickerring. The fact remains tha gasoline is cheap and we are used to it. Adjusted for inflation, we should be paying almost twice of what we are used to. Like it or not, we are headed for sharply higher oil prices. This will likely provide a shock to the stock market and and a related price rise in other comodities we consume.The standards for all light trucks manufactured is set at 21.0 mpg for MY 2005, 21.6 mpg for MY 2006, and 22.2 mpg for MY 2007. This rule is effective May 5, 2003.
BTW, none of theses views are from "liberal environmentalist caremongerers" (whoever the heck they are.)
Cheers- raga