So you think the rich just sit on their money, and it doesn't work for them? They don't buy nice things, or reinvest money into the economy via buying/investing in other companies?
Poorer people have given more to Buffet than Buffet will ever return.
They have? I guess if you mean the fact they drink Coca Cola, use freight delivered by UP and BN, use Bank of America, or fly Delta, then sure - the "poor" have given him money. In exchange for goods and services. And many of those companies would have shuttered or failed (and their employees lost their jobs) If Berkshire Hathaway wasn't an investor in them. I guess you take from poor people more than you return, too - since you most likely live better than those in say Haiti or Laos.
"Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one's taxes.
Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any
public duty to pay more than the law demands."
Judge Learned Hand, Helvering v. Gregory, 69 F.2d 809, 810 (2d Cir. 1934), aff'd, 293 U.S. 465 (1935)
Problem is you can only do that so many times. After the top 50, the next year you need to look at the top 100. Then the top 500. Then the top 2000. After 6-7 years, there's no one left to go after. The reality is the world GDP is about $78 trillion. That's all you can get. Divide that by 7.6 billion people, and it's around $850/month per person. Are you willing to slash your income down to that point? How about your friends, family, coworkers?
Eisenhower rates, adjusted for inflation, had the Federal Government receiving about 50% per capita of what it does today. And yet it was able to turn a real surplus and pay down the debt (which hasn't happened since Ike was in office). Going back to the tax policies of the 1950s would be great, because it would literally halve the income of the Federal Government. Perhaps that would finally force it back to where it is supposed to be - limited, not all-encompassing.
Facebook made $5 billion in profit in Q1, 2018. Tesla lost $709 million in Q1, 2018. And yet somehow Tesla is still worth 10% of Facebook? How does that make sense? Facebook is overpriced, at a P/E around 25-26. Tesla is just stupid with a P/E around -73.
OK that clarifies things. But since Tesla is selling a small part of the entire system, why is it a "giant Tesla battery project"? I guess anything to hype Tesla...
“[A patent] confers upon the patentee an exclusive property in the patented invention which cannot be appropriated or used by the government itself, without just compensation, any more than it can appropriate or use without compensation land which has been patented to a private purchaser.”
Patents are property, per the US Supreme Court. End of discussion.
As far as hydro goes, Moss Landing is on a small bay. We could do what Norway does and build a small tidal/pumped dam for power storage. Dam the small bay, and you'll have about 300 MW of capacity that would be tidally recharged 60-70% twice a day...
Moss Landing generates 1020 MW, net. This battery provides about (182/1020 * 60) 10 minutes of backup capacity. I don't know if it's at all realistic to think you can find and repair a downed power line in 10 minutes.
Duh! It's a CARGO SHIP! Meaning it's carrying lots and lots of CONTAINERS! We cover the top of each container with solar panels,so they collect solar energy. Then we stack the containers 50-60 high and...
No extradition with the US, phenomenal weather, low cost of living. A million will set you up for life in Bali, with no worries of ever being extradited to the US.
Regardless of your feelings about Apple, the world owes it a collective thank you for its App Store. It inspired other companies, such as Google with Android and Microsoft with Windows 8/10, to adopt the same app concepts. It really did change everything.
Uh, there were "apps" (we used to call them programs) on Windows CE, Symbian, and Blackberry well before 2008. And there were STORES too, where you could buy those programs. Apple simply made it Kindergarten-level difficult for consumers and sold lock-down and restrictions as a benefit, rather than a curse.
When have road taxes been slashed? Gas taxes only go up. And if SR826/836 is a problem, I suggest you ask Florida about State Route (SR) issues. Federally, gas taxes make money - and they are spent on Federal roads. But I guess you want Federal dollars for your State roads as well... Talk to Florida about why they're not spending their own gas tax on their own roads.
So he's getting about 1% of the profits of the company. Given at the end of the day it is his strategy that you and your coworkers are executing that makes those 10 figure profits, it's probably a realistic compensation package.
Uh, no. The Tax Foundation report explicitly EXCLUDES all FICA/SSI (see Appendix point 3). This is for income tax only. Add another 15.2% for FICA/SSI, and up to 13.3% for State income tax. If you're a typical high-earner in California (making more than $15K per month), you're probably paying around 45-47% total tax load, before you include State/county/city sales taxes.
At least in Southern California, parking in public garages is free - for motorcycles...:) Plus I never get stuck in traffic jams as lane splitting is legal. And with an average of 60 MPG, it's extremely cost efficient as well.
I ride motorcycle, and when I'm in the Bay area that same kind of commute is about 30-40 minutes, any time of the day. It's the choice of vehicle that matters...
Precisely. And most "executives" in big companies typically make $200-$300K a year (VPs and such), maybe 2-3 times the typical engineer/higher end worker. The C-level folks CAN make big money, but it's fairly rare and typically just those who also run corporations that make billions in profits. In that case, paying a manager of 10,000+ employees who makes 10 figures in annual profit, a salary in the low-mid 7 figures is a pittance of profits.
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So you think the rich just sit on their money, and it doesn't work for them? They don't buy nice things, or reinvest money into the economy via buying/investing in other companies?
Poorer people have given more to Buffet than Buffet will ever return.
They have? I guess if you mean the fact they drink Coca Cola, use freight delivered by UP and BN, use Bank of America, or fly Delta, then sure - the "poor" have given him money. In exchange for goods and services. And many of those companies would have shuttered or failed (and their employees lost their jobs) If Berkshire Hathaway wasn't an investor in them. I guess you take from poor people more than you return, too - since you most likely live better than those in say Haiti or Laos.
"Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one's taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands."
Judge Learned Hand, Helvering v. Gregory, 69 F.2d 809, 810 (2d Cir. 1934), aff'd, 293 U.S. 465 (1935)
Problem is you can only do that so many times. After the top 50, the next year you need to look at the top 100. Then the top 500. Then the top 2000. After 6-7 years, there's no one left to go after. The reality is the world GDP is about $78 trillion. That's all you can get. Divide that by 7.6 billion people, and it's around $850/month per person. Are you willing to slash your income down to that point? How about your friends, family, coworkers?
Eisenhower rates, adjusted for inflation, had the Federal Government receiving about 50% per capita of what it does today. And yet it was able to turn a real surplus and pay down the debt (which hasn't happened since Ike was in office). Going back to the tax policies of the 1950s would be great, because it would literally halve the income of the Federal Government. Perhaps that would finally force it back to where it is supposed to be - limited, not all-encompassing.
Facebook made $5 billion in profit in Q1, 2018. Tesla lost $709 million in Q1, 2018. And yet somehow Tesla is still worth 10% of Facebook? How does that make sense? Facebook is overpriced, at a P/E around 25-26. Tesla is just stupid with a P/E around -73.
OK that clarifies things. But since Tesla is selling a small part of the entire system, why is it a "giant Tesla battery project"? I guess anything to hype Tesla...
Land patents are a legal thing...
A true nerd knows the answer.
Do you know who owns the patents (Tesla, Panasonic, Gigafactory)?
patents are not property and cannot be owned
False. Chief Justice Roberts wrote:
“[A patent] confers upon the patentee an exclusive property in the patented invention which cannot be appropriated or used by the government itself, without just compensation, any more than it can appropriate or use without compensation land which has been patented to a private purchaser.”
Patents are property, per the US Supreme Court. End of discussion.
As far as hydro goes, Moss Landing is on a small bay. We could do what Norway does and build a small tidal/pumped dam for power storage. Dam the small bay, and you'll have about 300 MW of capacity that would be tidally recharged 60-70% twice a day...
Moss Landing is a 1 GW generator. Having a 18 MW battery is about 10 minutes of power, not 4 hours.
Moss Landing generates 1020 MW, net. This battery provides about (182/1020 * 60) 10 minutes of backup capacity. I don't know if it's at all realistic to think you can find and repair a downed power line in 10 minutes.
Duh! It's a CARGO SHIP! Meaning it's carrying lots and lots of CONTAINERS! We cover the top of each container with solar panels,so they collect solar energy. Then we stack the containers 50-60 high and...
Oh, wait...
No extradition with the US, phenomenal weather, low cost of living. A million will set you up for life in Bali, with no worries of ever being extradited to the US.
Regardless of your feelings about Apple, the world owes it a collective thank you for its App Store. It inspired other companies, such as Google with Android and Microsoft with Windows 8/10, to adopt the same app concepts. It really did change everything.
Uh, there were "apps" (we used to call them programs) on Windows CE, Symbian, and Blackberry well before 2008. And there were STORES too, where you could buy those programs. Apple simply made it Kindergarten-level difficult for consumers and sold lock-down and restrictions as a benefit, rather than a curse.
When have road taxes been slashed? Gas taxes only go up. And if SR826/836 is a problem, I suggest you ask Florida about State Route (SR) issues. Federally, gas taxes make money - and they are spent on Federal roads. But I guess you want Federal dollars for your State roads as well... Talk to Florida about why they're not spending their own gas tax on their own roads.
VPN. That should do it.
So he's getting about 1% of the profits of the company. Given at the end of the day it is his strategy that you and your coworkers are executing that makes those 10 figure profits, it's probably a realistic compensation package.
Uh, no. The Tax Foundation report explicitly EXCLUDES all FICA/SSI (see Appendix point 3). This is for income tax only. Add another 15.2% for FICA/SSI, and up to 13.3% for State income tax. If you're a typical high-earner in California (making more than $15K per month), you're probably paying around 45-47% total tax load, before you include State/county/city sales taxes.
Belgium, land of beer and chocolate! Or, as the Germans call it - Gateway to France!
At least in Southern California, parking in public garages is free - for motorcycles... :) Plus I never get stuck in traffic jams as lane splitting is legal. And with an average of 60 MPG, it's extremely cost efficient as well.
At least at the Federal level, cars are a net money-maker for the Government. They take in more in gas tax than is spent on road maintenance.
I ride motorcycle, and when I'm in the Bay area that same kind of commute is about 30-40 minutes, any time of the day. It's the choice of vehicle that matters...
Precisely. And most "executives" in big companies typically make $200-$300K a year (VPs and such), maybe 2-3 times the typical engineer/higher end worker. The C-level folks CAN make big money, but it's fairly rare and typically just those who also run corporations that make billions in profits. In that case, paying a manager of 10,000+ employees who makes 10 figures in annual profit, a salary in the low-mid 7 figures is a pittance of profits.