I agree that foreign income to US companies is not effectively taxed "twice" due to foreign tax deductions, it is being effectively taxed at the US rate instead of the foreign rate. This is in comparison with say France which does not force French companies to pay French taxes on income earned by German subsidiaries (and instead, leaves the German income to German tax rates).
That would be a start, but element #2 is not taxing US corporations on income earned outside the US (that income is already taxed by foreign localities). Every other country in the world operates on taxing corporations on income generated in their country, perhaps the US should join everyone else...
There should be a "secondary market" build into crowd funding platforms.
Imagine you put $150 towards a crowd funded drone. A year goes by, and you are getting nervous, so you can sell your $150 slot for $100 cash to someone else. Or if it starts to look like the product is going to be awesome, someone may offer $200 for your slot.
There should be a "short market" as well. You offer a $140 slot to someone else for a $150 drone. Then if the drone doesn't get built, you keep the $140. If the drone does get built, you have to pay the $10 difference to deliver the drone to the person whom you offered the slot to.
And there should be various kinds of crowd fund slot options, including timed ones.
t took 4 weeks just to load the Bill of Materials in their system! That was after all the kinks were worked out on our end and with direct relationships with half the suppliers. Now they can finally order the parts which have generally have a 6-12 week lead time.
If you look at the list of largest companies in Canada, it is true that a huge number of them are resource-oriented. Of course all the big banks are on the list. Bombardier is #42, and Rogers & Shaw cable, and Telus are there as well.
Likely as not, people suffer greatly as honest appraisers of their own self worth
Private banks might be better at doing an evaluation of whether you will make enough to be able to pay off your loans after graduation.
But in the US, the government first started guaranteeing private loans, then they just totally socialized them - although you can not use bankruptcy to get out of them.
"...we find that subsidies inducing marginal students to attend colleges will have a negligible net benefit: Such students are far more likely to drop out of college or become underemployed even with a four-year degree, implying only small wage gains from college education."
This story claims "All three of Japan's largest automakers are pushing to locate production of cars meant for the U.S. market in North America, primarily in Mexico and the United States. Toyota, Honda and Nissan are all recovering from supply chain disruptions caused by last year's tsunami in Japan and floods in Thailand, and localizing production for the U.S. market provides a natural hedge against supply chain disruptions. Moreover, the continued high value of the Japanese yen against the dollar means that it is now more expensive for Japanese car companies to ship cars overseas to the U.S. than it is to build them locally."
People complain about the fact that wages don't keep up with price inflation.
Except that Real Compensation Per Hour has been rising (although it had a bit of a plateau during the recession recovery years).
In an economy that bears some semblance to a free market, innovation and competition would naturally increase the purchasing power of a given wage (or at the very least hold it constant) over time. That does not happen under the Federal Reserve system and fractional reserve banking.
Price of 1975 Cray-1 (80 MFLOPS), $8 million. Price of 2015 iPhone 5s (76.8 GFLOPS), $450.
Looking in terms of hours worked, 100.5 hours of work was required to purchase a washing machine in 1959 compared to just 23.3 hours of work (for the average worker) in 2013. Purchasing a TV demanded an astounding 127.8 hours of work in 1959, whereas a worker in 2013 could purchase one with only 20.7 hours of work (see other examples above). More examples here.
it's not being greedy to actually want non-stagnant wages
Non-farm business sector real compensation per hour is up 2.7% since 2014, after a long plateau due to the recession and formerly high unemployment rate, which is now down to 5%.
CEO pay is down over 30% (as a ratio with average worker pay) since 2000 though.
We need to look at cutting full time to 32 hours a week
France has a 35 hour work week and an unemployment rate that is double that of the U.S, and also France has a lower labor force participation rate overall (by about 10%).
The end game on this is Citizens United which means that the American oligarchy can spend as much dark money as they want to buy as much political power as they can get.
Citizens United applies equally to unions being free to spend on political advertising as it does to corporations.
If you haven't lost your job yet it's just because they haven't gotten around to you yet.
I don't believe it is "my job" to lose, I believe I have to earn it against all competition.
Toyota Prius are built in Japan, but the following Toyota cars are built in the US for the US market: Avalon, Avalon Hybrid, Camry, Camry Hybrid, Corolla, Highlander, Highlander Hybrid, Sequoia, Sienna, Solara, Tacoma, Tundra, and Venza.
What you have said has been in the economics text books so long most people accept it uncritically but it fails to consider the long term effects of trade imbalances.
So what are the long term effects of trade imbalances? The US has had a trade deficit with the world for 35 years, yet we still are the center of global entrepreneurism, have plenty of massive global companies like Google, continue to increase our manufacturing output, and have high growth rates and low unemployment rates in comparison with most other large highly developed (rich) countries.
If the US is importing things, it is because they can be made elsewhere less expensively and thus benefit us from importing them because we can buy more goods for less. The United States is the world's largest economy with $18 trillion GDP, representing 22% of nominal global GDP. The US trade deficit of $500 billion is less than 3% of our GDP. It is almost nothing. Our exports are $2.3 trillion!
My industry depends on the ability to purchase high-tech goods from vendors across the world (US, Canada, Europe, Asia) so that there is competition between them to keep our costs down, and also the business depends more and more on the ability to invest in foreign companies, plus much of our growth is coming from selling consumer-oriented wares overseas to distributors in growing economies like India and China.
America pushed this on the rest of the world, not the other way around.
That is BS. Japan's Abe and Canada's Trudeau are out there pushing it. Japan needs TPP because it is is another weapon to beat up their entrenched special business interests. Canada wants to expand exports to Asia.
The only way to save America from these type of shenanigans is to spark an all out trade war. No it won't be good for the economy but freedom is more important than that.
Is it really "freedom" to allow the government to take away our freedom to trade?
Personally I feel that government has no right to limit my ability to purchase goods or labor from anyone one the planet that I want to. THAT is freedom.
The Black-Scholes Model is about one risky asset, (such as stock), and one riskless asset (such as cash). It also depends on asset returns to be normally distributed.
I don't know what model LTCM was using in their Fixed Income Arbitrage, but it was unlikely to be the Black-Scholes Model, and anyway also a big part of the LTCM downturn was when Russian government defaulted on their domestic local currency bonds, more of a "Black Swan" than a "Normal Distribution."
It has been written "Despite the presence of Nobel laureates closely identified with option theory it seems LTCM relied too much on theoretical market-risk models and not enough on stress-testing, gap risk and liquidity risk. There was an assumption that the portfolio was sufficiently diversified across world markets to produce low correlation. But in most markets LTCM was replicating basically the same credit spread trade. In August and September 1998 credit spreads widened in practically every market at the same time."
Slashdot Mirror
The touch screen discussion was bogus - it was invented by E.A. Johnson at the Royal Radar Establishment, Malvern, UK in 1965.
I agree that foreign income to US companies is not effectively taxed "twice" due to foreign tax deductions, it is being effectively taxed at the US rate instead of the foreign rate. This is in comparison with say France which does not force French companies to pay French taxes on income earned by German subsidiaries (and instead, leaves the German income to German tax rates).
How about we just lower our tax rate to 15%
That would be a start, but element #2 is not taxing US corporations on income earned outside the US (that income is already taxed by foreign localities). Every other country in the world operates on taxing corporations on income generated in their country, perhaps the US should join everyone else...
There should be a "secondary market" build into crowd funding platforms.
Imagine you put $150 towards a crowd funded drone. A year goes by, and you are getting nervous, so you can sell your $150 slot for $100 cash to someone else. Or if it starts to look like the product is going to be awesome, someone may offer $200 for your slot.
There should be a "short market" as well. You offer a $140 slot to someone else for a $150 drone. Then if the drone doesn't get built, you keep the $140. If the drone does get built, you have to pay the $10 difference to deliver the drone to the person whom you offered the slot to.
And there should be various kinds of crowd fund slot options, including timed ones.
t took 4 weeks just to load the Bill of Materials in their system! That was after all the kinks were worked out on our end and with direct relationships with half the suppliers. Now they can finally order the parts which have generally have a 6-12 week lead time.
I think you need to physically move to Shenzhen!
The UK Conservative Party wants a higher nationwide "Living Wage"...so it ends up being on the liberal side of the US spectrum.
If you look at the list of largest companies in Canada, it is true that a huge number of them are resource-oriented. Of course all the big banks are on the list. Bombardier is #42, and Rogers & Shaw cable, and Telus are there as well.
Likely as not, people suffer greatly as honest appraisers of their own self worth
Private banks might be better at doing an evaluation of whether you will make enough to be able to pay off your loans after graduation.
But in the US, the government first started guaranteeing private loans, then they just totally socialized them - although you can not use bankruptcy to get out of them.
From The Option Value of Human Capital: Higher Education and Wage Inequality
"...we find that subsidies inducing marginal students to attend colleges will have a negligible net benefit: Such students are far more likely to drop out of college or become underemployed even with a four-year degree, implying only small wage gains from college education."
This story claims "All three of Japan's largest automakers are pushing to locate production of cars meant for the U.S. market in North America, primarily in Mexico and the United States. Toyota, Honda and Nissan are all recovering from supply chain disruptions caused by last year's tsunami in Japan and floods in Thailand, and localizing production for the U.S. market provides a natural hedge against supply chain disruptions. Moreover, the continued high value of the Japanese yen against the dollar means that it is now more expensive for Japanese car companies to ship cars overseas to the U.S. than it is to build them locally."
US tariffs on Japanese car imports are only 2.5%.
People complain about the fact that wages don't keep up with price inflation.
Except that Real Compensation Per Hour has been rising (although it had a bit of a plateau during the recession recovery years).
In an economy that bears some semblance to a free market, innovation and competition would naturally increase the purchasing power of a given wage (or at the very least hold it constant) over time. That does not happen under the Federal Reserve system and fractional reserve banking.
Price of 1975 Cray-1 (80 MFLOPS), $8 million.
Price of 2015 iPhone 5s (76.8 GFLOPS), $450.
Looking in terms of hours worked, 100.5 hours of work was required to purchase a washing machine in 1959 compared to just 23.3 hours of work (for the average worker) in 2013. Purchasing a TV demanded an astounding 127.8 hours of work in 1959, whereas a worker in 2013 could purchase one with only 20.7 hours of work (see other examples above). More examples here.
Oh wow, 2.7%. That's an amazing pay raise especially when you factor in inflation.
2.7% is real compensation per hour, i.e. inflation-adjusted.
it's not being greedy to actually want non-stagnant wages
Non-farm business sector real compensation per hour is up 2.7% since 2014, after a long plateau due to the recession and formerly high unemployment rate, which is now down to 5%.
CEO pay is down over 30% (as a ratio with average worker pay) since 2000 though.
We need to look at cutting full time to 32 hours a week
France has a 35 hour work week and an unemployment rate that is double that of the U.S, and also France has a lower labor force participation rate overall (by about 10%).
The end game on this is Citizens United which means that the American oligarchy can spend as much dark money as they want to buy as much political power as they can get.
Citizens United applies equally to unions being free to spend on political advertising as it does to corporations.
If you haven't lost your job yet it's just because they haven't gotten around to you yet.
I don't believe it is "my job" to lose, I believe I have to earn it against all competition.
Toyota Prius are built in Japan, but the following Toyota cars are built in the US for the US market: Avalon, Avalon Hybrid, Camry, Camry Hybrid, Corolla, Highlander, Highlander Hybrid, Sequoia, Sienna, Solara, Tacoma, Tundra, and Venza.
Toyota has seven manufacturing plants in the US.
What you have said has been in the economics text books so long most people accept it uncritically but it fails to consider the long term effects of trade imbalances.
So what are the long term effects of trade imbalances? The US has had a trade deficit with the world for 35 years, yet we still are the center of global entrepreneurism, have plenty of massive global companies like Google, continue to increase our manufacturing output, and have high growth rates and low unemployment rates in comparison with most other large highly developed (rich) countries.
If the US is importing things, it is because they can be made elsewhere less expensively and thus benefit us from importing them because we can buy more goods for less. The United States is the world's largest economy with $18 trillion GDP, representing 22% of nominal global GDP. The US trade deficit of $500 billion is less than 3% of our GDP. It is almost nothing. Our exports are $2.3 trillion!
My industry depends on the ability to purchase high-tech goods from vendors across the world (US, Canada, Europe, Asia) so that there is competition between them to keep our costs down, and also the business depends more and more on the ability to invest in foreign companies, plus much of our growth is coming from selling consumer-oriented wares overseas to distributors in growing economies like India and China.
America pushed this on the rest of the world, not the other way around.
That is BS. Japan's Abe and Canada's Trudeau are out there pushing it. Japan needs TPP because it is is another weapon to beat up their entrenched special business interests. Canada wants to expand exports to Asia.
The only way to save America from these type of shenanigans is to spark an all out trade war. No it won't be good for the economy but freedom is more important than that.
Is it really "freedom" to allow the government to take away our freedom to trade?
Personally I feel that government has no right to limit my ability to purchase goods or labor from anyone one the planet that I want to. THAT is freedom.
I dropped my (~$150) Shinkansen ticket in Tokyo Station, and someone picked it up and ran off with it...
The Black-Scholes Model is about one risky asset, (such as stock), and one riskless asset (such as cash). It also depends on asset returns to be normally distributed.
I don't know what model LTCM was using in their Fixed Income Arbitrage, but it was unlikely to be the Black-Scholes Model, and anyway also a big part of the LTCM downturn was when Russian government defaulted on their domestic local currency bonds, more of a "Black Swan" than a "Normal Distribution."
It has been written "Despite the presence of Nobel laureates closely identified with option theory it seems LTCM relied too much on theoretical market-risk models and not enough on stress-testing, gap risk and liquidity risk. There was an assumption that the portfolio was sufficiently diversified across world markets to produce low correlation. But in most markets LTCM was replicating basically the same credit spread trade. In August and September 1998 credit spreads widened in practically every market at the same time."
Aha, well UK VAT is 20% so if they try to spend those capital gains, the tax will come back to the government anyway :)
UK corporate tax rate (on earnings, not income): 20%
(Note: US top Federal corporate tax rate is 35%, along with state corporate tax rates as high as 12%).
UK personal tax rate is 20% up to 42,385 pounds, 40% above that, and 45% above 150,000 pounds.
So frankly, the UK is receiving more tax money on income paid out as salaries above 43K pounds than if it simply retained earnings.
Guys insult each other. It's how we communicate
Professionals don't do that, especially on mailing lists.
When you can still pull 15 million on the overnight ratings, you are doing fine!