So then...you are for NASA being restructured, even if that funnels "lots of federal money to Texas and to the huge government contractor industry in Virginia."
"Silver Spoons" must be selling at a discount these days.
You say "wealthy enough". That's not the same as Wealthy. Those are all solid upper middle class vocations. The most advantage these people had were parents that taught them the value of hard work and eduction and were able to provide that education.
What everyone seems to always miss or just don't know about s small business and S Corps.
The majority of small businesses are either DBA or S Corps. In both cases, all income is reported to the I.R.S. as personal income.
That corner store or local gas station or Pet Groomers, etc. are all reporting their income to the I.R.S. as personal income. Of course these businesses (especially the gas station or corner store) can easily hit a million dollars in gross receipts. But subtract the COGS and payroll, etc. you quickly winnow that "millionaire business owner" to just a regular middle class guy.
I admit I don't know the capabilities of the HFT software. What does it consider? What does it know? What does it value?
But it seems to me that the act of placing a value on a company is more than just spreadsheet calculations. Apple is a good example of a company that on paper, would not seem like a good bet. Miniscule market share, higher than average prices for it's products, etc. But Steve Jobs was the intangible asset. Does the software understand these things?
If not, and it is merely reacting to other trades for the most part, then HFT is bad, bad, bad. And even if it does, the disconnect between an analyst quantifying the intangible, passing it to the coders, testing and then keeping up with changes in the intangible would be a tremendous challenge.
Slashdot Mirror
Gentleman, I give you Slashdot geopolitical ignorance.
Specifically ignorance of all the South American immigrants that come up through Mexico to get to the U.S.
Something you would know if you didn't spend all your waking hours playing the Gameboy in your mother's basement.
That explains the millions crossing our border every year.
Because Three Strike laws require felonies.
Moron.
Armed Robbery: Strike 1 :Strike 2
Assault
Steal loaf of bread: Strike 3 and we are fucking done with you. Goodby for the rest of your miserable life.
I see nothing wrong with this.
Well, with all that money, doesn't matter where you are exiled.
Exiled to Ecuador.
Pathetic.
So then...you are for NASA being restructured, even if that funnels "lots of federal money to Texas and to the huge government contractor industry in Virginia."
I see. So move NASA from Texas, Alabama and Florida and you would be good with it eh?
It's never been an issue in the past because Congress did their fucking jobs and produced a budget.
And how could it be political grandstanding unless Harry Reid refuses to take it up?
Why would he refuse?
The majority are garbage, posted by economically illiterate morons.
"Silver Spoons" must be selling at a discount these days.
You say "wealthy enough". That's not the same as Wealthy. Those are all solid upper middle class vocations. The most advantage these people had were parents that taught them the value of hard work and eduction and were able to provide that education.
You didn't give shit to "the rich". You bought their products and services.
And when they take in 10 billion in profit, YOUR pension, 401k, mutual fund benefits.
What everyone seems to always miss or just don't know about s small business and S Corps.
The majority of small businesses are either DBA or S Corps. In both cases, all income is reported to the I.R.S. as personal income.
That corner store or local gas station or Pet Groomers, etc. are all reporting their income to the I.R.S. as personal income. Of course these businesses (especially the gas station or corner store) can easily hit a million dollars in gross receipts. But subtract the COGS and payroll, etc. you quickly winnow that "millionaire business owner" to just a regular middle class guy.
I must have missed the part where High Frequency Traders are average Joes sitting at home in their P.Js runing HFT programs.
He should have to something civilized and accepted these days, like accusing Goldman of giving some woman cancer.
Easier to strike the small fish than the big ones with connections in the White House and the Justice Department.
Fixed.
What he should have done was follow the lead of Goldman Sacks executives. Then he wouldn't be prosecuted for anything.
Pollsters always seem to be sampling or over sampling the wrong people.
They evidently polled AMTrak passengers for this one.
Yeah...so in that case...outlaw it.
I admit I don't know the capabilities of the HFT software. What does it consider? What does it know? What does it value?
But it seems to me that the act of placing a value on a company is more than just spreadsheet calculations. Apple is a good example of a company that on paper, would not seem like a good bet. Miniscule market share, higher than average prices for it's products, etc. But Steve Jobs was the intangible asset. Does the software understand these things?
If not, and it is merely reacting to other trades for the most part, then HFT is bad, bad, bad. And even if it does, the disconnect between an analyst quantifying the intangible, passing it to the coders, testing and then keeping up with changes in the intangible would be a tremendous challenge.
Outlaw HFTs They just pervert the market.
That's a pretty charitable depiction.
Go ahead and do it. It will be interesting to see.
And to call it stealing is a real stretch.