I guess people havent figured out that this is really a scam which enables the already rich to profit even more because they don't have to share the profits with the lower classes.
Of course, if they sold it like that, they couldn't vote for it. So it's instead sold as "We're going to protect you from scammers by making it impossible for you to invest in small startup companies! Don't worry, we'll invest in them and keep all of the rewards for ourselves."
You just keep buying those CD's now.
Remember folks, the laws are created to protect the rich and powerful. Not for the common individual.
The whole point of investment is to risk your capital in order for a return. If you can't afford to lose it, you should not be investing it in the first place. That is the risk you are taking. However if your investment takes off, you will have a very high return. So if you lose $10,000 in ten different 'investments', and then some of your next $10,000 investments take off and become the next home depot, you're still way ahead of the game.
These laws that prevent people from investing in small startups ends up hurting them, because now what happens is all of the expansion happens and then they finally create an IPO and there is not as much growth for them to profit from. How many IPO's have you seen under 50 million dollars?
Very few.
If you want risk free money, get a CD and enjoy the negative returns.
"The more prohibitions there are, the poorer the people will be. The more laws are promulgated, the more thieves and bandits there will be."
-Lao-tzu
"There's no way to rule innocent men. The only power government has is the power to crack down on criminals. Well, when there aren't enough criminals, one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws."
-Ayn Rand
But won't that kill jobs? We can't have that now can we!
Wait a minute, automated cars will kill tens of millions of jobs! There will be fewer auto body shops because of fewer accidents, all of their suppliers will have less demand and some will have to go out of business.
Oh my god! THIS WOULD BE TERRIBLE.
QUICK! BAN INNOVATION AND NEW TECHNOLOGY! IT WILL KILL JOBS AND THE GOAL OF THE ECONOMY IS ONLY TO CREATE JOBS!
The solution is actually pretty simple. Use encryption and have it send out the data in the clear after [X] minutes. You can still listen in, but it's [X] minutes old, so not much use to criminals.
Buffet is failing to mention to you is this portion of the tax burden on the corporation, in other words, hes only showing you one side of the equation, and Id personally call it lying by omission.
To explain this, I will create an example corporation with $1,000,000 in taxable income.
So whenever they claim theyre only paying 15%, its simply because thats on their end. The corporation (which they own as a shareholder), is paying the other part of it. Its indirect, but they are still ultimately paying it because again, they own the corporation through the shares!
Its the same kind of numbers game that gets played with the social security payroll taxes where the employee and the employer both pay 6.2%. But the reality is the employee pays the whole amount.
It doesnt matter if the employer gives that 6.2% to the employee or to the government, and the money must come from the productive employment of the employee to begin with! If the government tomorrow raised payroll taxes for the employer only, employers would respond by either laying people off or cutting the employees take home pay.
Its split up like that to make it seem that the tax isnt as large as it really is. If youre self-employed like I am, you dont pay 6.2%. You pay 15%.
Slashdot Mirror
I guess people havent figured out that this is really a scam which enables the already rich to profit even more because they don't have to share the profits with the lower classes.
Of course, if they sold it like that, they couldn't vote for it. So it's instead sold as "We're going to protect you from scammers by making it impossible for you to invest in small startup companies! Don't worry, we'll invest in them and keep all of the rewards for ourselves."
You just keep buying those CD's now.
Remember folks, the laws are created to protect the rich and powerful. Not for the common individual.
Prostitution should be legal anyway.
The whole point of investment is to risk your capital in order for a return. If you can't afford to lose it, you should not be investing it in the first place. That is the risk you are taking. However if your investment takes off, you will have a very high return. So if you lose $10,000 in ten different 'investments', and then some of your next $10,000 investments take off and become the next home depot, you're still way ahead of the game.
These laws that prevent people from investing in small startups ends up hurting them, because now what happens is all of the expansion happens and then they finally create an IPO and there is not as much growth for them to profit from. How many IPO's have you seen under 50 million dollars?
Very few.
If you want risk free money, get a CD and enjoy the negative returns.
"The more prohibitions there are, the poorer the people will be. The more laws are promulgated, the more thieves and bandits there will be." -Lao-tzu
"There's no way to rule innocent men. The only power government has is the power to crack down on criminals. Well, when there aren't enough criminals, one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws."
-Ayn Rand
But won't that kill jobs? We can't have that now can we! Wait a minute, automated cars will kill tens of millions of jobs! There will be fewer auto body shops because of fewer accidents, all of their suppliers will have less demand and some will have to go out of business. Oh my god! THIS WOULD BE TERRIBLE. QUICK! BAN INNOVATION AND NEW TECHNOLOGY! IT WILL KILL JOBS AND THE GOAL OF THE ECONOMY IS ONLY TO CREATE JOBS!
Don't worry, they will have their checkpoints soon enough so they can grope her.
When you swear to uphold the United States Constitution, and flagrantly refuse to do so in cases like this, you are guilty of treason in my eyes. http://blog.voogru.com/2011/12/04/the-arbitrary-injustice-system-the-more-laws-the-less-justice/
The message was: "OMG OMG OMG I'M IN SPACE!" http://www.youtube.com/watch?v=DHibe7XxZAQ
The solution is actually pretty simple. Use encryption and have it send out the data in the clear after [X] minutes. You can still listen in, but it's [X] minutes old, so not much use to criminals.
For liberty and justice for all. *Must be 18, void where prohibited, some restrictions may apply, not available in all states.
Crony capitalism is the problem. We don't have capitalism in the United States.
Everyone blames capitalism for the failings of crony-capitalism and what you could also call, fascism.
Buffet is failing to mention to you is this portion of the tax burden on the corporation, in other words, hes only showing you one side of the equation, and Id personally call it lying by omission.
To explain this, I will create an example corporation with $1,000,000 in taxable income.
$1,000,000 35% (corporate tax rate) = $650,000
$650,000 15% (dividend tax, distributed to shareholders) = $552,500
Effective tax rate: 44.75%
So whenever they claim theyre only paying 15%, its simply because thats on their end. The corporation (which they own as a shareholder), is paying the other part of it. Its indirect, but they are still ultimately paying it because again, they own the corporation through the shares!
Its the same kind of numbers game that gets played with the social security payroll taxes where the employee and the employer both pay 6.2%. But the reality is the employee pays the whole amount.
It doesnt matter if the employer gives that 6.2% to the employee or to the government, and the money must come from the productive employment of the employee to begin with! If the government tomorrow raised payroll taxes for the employer only, employers would respond by either laying people off or cutting the employees take home pay.
Its split up like that to make it seem that the tax isnt as large as it really is. If youre self-employed like I am, you dont pay 6.2%. You pay 15%.