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321  Other / Off-topic / Re: Why Corporations are Good for the Poor! on: May 06, 2012, 03:37:58 AM
gigavps, but what you are talking about is a tax loophole in what is all basically corporate income.  I thought I knew it all, but you are correct all debt is taken out as an expense.  Thus, every corporation could issue a bond with each share, such that all gross corporate profit is distributed to shareholders/bondholders as a bond payment.  However, I am sure for the NASDAQ or NYSE you are breaking some sort of law.  Furthermore you don't have to perform the sarbanes-oxley and other type of record keeping that is putting incredible burden on corporations.

Do you know of any pre-tax bonds indexed to profits (inflation) that pertain to U.S. equities like Catepillar?

matthewh3, thanks for the info always wondered what happens in the end. 

But, the point of this thread is still valid.  If the GLBSE was a real exchange, you would not be getting a dividend.  You would be paying it all to corrupt politicans and corrupt corporate insiders looking to pay their bloated salaries.
322  Other / Off-topic / Re: Why Corporations are Good for the Poor! on: May 05, 2012, 10:53:14 PM
35% corp+15% dividends+16% inflation = 66% and everybody is paying it, I don't care what accountant you use.  Plus, that lost as income tax and sales tax.  A corporation run as an individual, only pays income tax, which is like 25% after loopholes.

Mitt Romney pays 13% tax.  Warren Buffet pays less.  There may well be Americans paying 66% tax - I live in UK so have no way to prove otherwise - but they are people who haven't been able to afford accountants.

Romney pays about 80% tax.  Warren Buffet pays about the same.  Since 2000, Romney most likely has lost money, yet has paid tax on capital gains that increased due to inflation.  Thus Romney since 2000 has paid infinite tax.

We should tax homes as investments.
323  Other / Off-topic / Re: Why Corporations are Good for the Poor! on: May 05, 2012, 10:47:19 PM
Consider the scenario where corporations are taxed heavily and the super rich are taxed heavily, but the not super rich are taxed very little. Here's what happens:

Corporation receives revenue. Spends money on R&D to grow. Hires employees. Pays employees. Records $1 in profit. Basically pays nothing in taxes. Employees get all the standard write-offs, tax shelters, etc. and in reality don't pay nearly as much as you think.

The employees, making up the bulk of the population, then have disposable income. They go buy stuff, Stuff like what the corporation makes. The corporation has increased demand for its products. They grow. They don't layoff employees.

People work at a corporation as a choice.  They use the capital of someone else to earn more income than they could themselves.  Otherwise they would have a family business or work at home.

That is not how it works.  You can go to the GLBSE and just look at the IPOs.  Take RSM, you can buy shares at 0.40.  This buys the equipment and cards.  Yes, once all the equipment is bought the union thugs and the managers can steal the company, like they did at GM.  

What you are advocating is once RSM gets their equipment, they stop paying the dividend and the guy take all the equipment for his family and friends.  an employee is not all that important they can easily be replaced.  Then they use the profits for himself, building the economy.   What about all the investors most poor that put their money in the company hoping for a profit.  To buy a bike for Christmas for their kids.

Fool me once shame on you, fool me twice shame on me.  Capital will dry up, nobody will invest anymore because the semi-retarded teachers, employees that have no stake in the company,  and loser Robert Reich will steal it for himself.  Unemployment rises and the only solution is to tax more.  The only solution is for Reich to beg or steal more from the Koch brothers (the real earners) then take credit for how well they run the government.
324  Economy / Securities / Re: Red Star Mining IPO GLBSE Listing - FPGA double boards ~800MH/s@~40W - each on: May 05, 2012, 08:13:24 PM
If you can run them without fans I think that would be better in the long run.  Maybe if they were mounted vertical and near the ground, natural convection currents would be enough to keep them cool.  Maybe get fanless power supplies and fanless motherboards and have a completely quiet set-up.
325  Other / Off-topic / Re: Why Corporations are Good for the Poor! on: May 05, 2012, 06:57:44 PM
35% corp+15% dividends+16% inflation = 66% and everybody is paying it, I don't care what accountant you use.  Plus, that lost as income tax and sales tax.  A corporation run as an individual, only pays income tax, which is like 25% after loopholes.
326  Other / Off-topic / Why Corporations are Good for the Poor! on: May 05, 2012, 04:27:56 PM
I was looking on the global stock exchange and found a company called  GIGAMINING.  Its price 1.581 and the weekly dividend is 0.02202454.  In the bitcoin world since it is all play imaginary tokens, there is no income tax, corporate tax, capital gains, or dividend tax.

But in the real world.  1st you pay sales tax, then the employees pay income tax, management also pay income tax, then you have business income.   Where does all this money go?  Mainly teachers and government workers that after benefits make $100K a year.  If you tax the workers more, the managers make less money.  However, if you tax the managers more, the workers also make less money.  You tax business income more both workers and managers make less.

So you go back to GIGAMINING.  I am going to neglect sales tax and income tax for the time being.  But that weekly dividend is earned business income.

So you have a .02202 dividend.  Now the business income tax is about 35% in the United States.  You dividend is now reduced to 0.0143.  Then after the corporate income tax you pay 15% on the dividend leaving you with 0.0122 dividend.  

Furthermore, if you are dealing with an inflationary currency, the value of the shares will also rise with inflation taking a capital gains hit.  Also, the company must use after taxed income to replenish cash reserves. These are probably bigger taxes than above and in the United States this inflation tax has averaged 8% over the last 30 years.  Since you must pay 8% on the cash you own and 8% on the stock inflation, you are effectively paying 16% additional tax.  This number comes off base corporate income too.   This leaves you with a dividend of 0.0082.

The reality is if the glbse was subject to the same laws as the nyse or nasdaq.  None of these mining companies would be formed!  The Corporations can't compete with individually owned companies.

The reality is Robert Reich, Paul Krugman, and Bernie Sanders are the reason why money is all going to the top.  The public corpration is being destroyed and all that is left are companies like "Panda Express" where the is only 1 owner.  Everybody else is the slave.  In the early days of bitmining there were people that owned large farms of bitminers.  That is the reality of these people - slavery!

Robert Reich wants you to be either a government worker or a slave.  All money moves to the top if you follow these planners.








327  Other / Politics & Society / Re: Mitt Romney(president) and Ron Paul (vp) on: May 05, 2012, 03:55:21 PM
Are we really so sure Romney is the nominee. Here's is an interesting "reality check" -

http://www.youtube.com/watch?v=zyyz2VdjSz0&feature=youtu.be

I use to say that until last week.  I will give you until Texas.  But, if he does not win that, is not it over?
328  Bitcoin / Bitcoin Discussion / Re: Bitcoins first funded horse (via GLBSE) first race! on: May 03, 2012, 01:24:18 AM
last.  You could claim this horse for $5000.  Seems like a better way to go.

http://www.equibase.com/static/chart/pdf/EVD050212USA5.pdf
329  Bitcoin / Bitcoin Discussion / Re: Bitcoin advertising on the World Poker Tour! on: May 03, 2012, 12:20:03 AM
Due to the DOJ repeal of the wire act pertaining to online poker it might and probably is legal to play online poker for U.S. citizens.  All you have to do is find a poker room that accepts player to player transfers.  Merge, Bodog, Cake I don't think allow these transfers.  But a good BTC business would be a middle man of BTC to poker site transfers.   Make the business, then advertise those shirts on tv.  I say this because I think it is 100% legal, however consult your lawyer.  Also have a rakeback system in-place to make more money and lower fees.  I just want to play internationally again with my right as an American to pursue happiness.
330  Bitcoin / Bitcoin Discussion / Re: Bitcoin advertising on the world series of Poker! on: May 02, 2012, 03:04:28 AM
I think the bitcoin shirt should just have the logo B on it.  Gold on gray I think would look better.   A B on a suit might look more classy.
331  Economy / Economics / Re: The myth of the panic depressions before the Federal Reserve... on: May 01, 2012, 10:14:59 PM
The panic depressions were there.  They were caused by fractional reserve lending.  If banks were full reserve, none of the banks would have failed, only the investors who would have gotten back some of their money on the dollar.
332  Economy / Economics / Re: Deflation and Bitcoin, the last word on this forum on: May 01, 2012, 09:49:42 AM
Consider a society of bitcoin users, say 1000. If bitcoin was the only money, you would need to use some for cost of living, entertainment, and travel.  If the price of bitcoin rises with deflation, the value of your bitcoin stash increases.  As result you will have more money to spend.  Nobody hoards in safe investments or currency for the fun of it.  They do so to buy something in the future or for emergencies.  Spending will increase.  Eventually all the spending of society equals all the savings or hoarding of society.  When that happens, the deflation and inflation stop. 

Suppose somebody dumps bitcoin and the price drops.  People panic and they sell their bitcoin.  Maybe to buy factories or gold.  Eventually the price will drop to say $1.  However, the history of the bitcoin will give the coin value.  It will reach a point where the panic stops.  Then rebuild.  It is time and number of users that will prevent the complete collapse of bitcoin.

As the number of users increases and use increases, the value will increase.  Next year the number of users might be 2000.  This should basically double the value of bitcoin since they are limited.
333  Economy / Economics / Re: Ron Paul really should learn something about Bitcoin on: May 01, 2012, 09:09:29 AM
No offense, but bitcoin is going to need at least a decade (maybe century)  track record to even be considered in terms of gold.  It is experimental.  Will the block chain become too bloated?  Will it be cracked?  Will the network collapse?  Can it handle 100,000 transactions a second.   To have Paul comment on bitcoin is really lame imho.

Thank god for Paul to make a complete fool out of Krugman.
334  Other / Politics & Society / Re: Proposition to end California sales tax and income tax. on: May 01, 2012, 05:56:04 AM
Quote
I seriously doubt that Somalia's troubles are caused by corporations.

I say the corporations and a stock market are the solution to Somalia's troubles.  You don't need a central government run by planners.
335  Other / Politics & Society / Re: Proposition to end California sales tax and income tax. on: May 01, 2012, 05:54:10 AM
ROFL: It's like NYC vs the rest of the country? NYC is very productive, but moving here is probably out of pocket for a lot of people.

most of the economy of NYC is based off the financial sector.  All the money stolen in bailouts and by the fed end up in nyc first.
336  Economy / Economics / Re: Best investment you can make is debt. on: April 30, 2012, 07:15:33 PM
Homes imho, are undervalued in the U.S.A. right now.

Houses aren't undervalued, I mean it's true that built houses are valued less than the costs to build them, but because of the supply of houses the current prices are actually still overvalued. Houses will be undervalued when they'll sell for so little that it'll cause a shortage.

Let's not forget the cost of carry: property taxes, maintenance costs, renovations, insurance etc. During 30 years you easily pay a small fortune on the ownership of a home.
You are also taking long term risks: Detroit looked like such a promising place 30 years ago right? Or crime rates rocket and the once neat neighborhood becomes gang wars territory. Or a motorway gets built in your backyard. Or a disco. Your once scenic view becomes a mall parking lot for a mall. And suddenly your property is worth 50% less. 30 years is a real long time for these things to happen.

You pick a good area.  You can always walk out on your loan if the home is worth less.  You can even file bankruptcy and be back in a home after 3 years.  But, we are really talking about the loan.  A motorway or disco might make your home rise in price too.   The middle class of the 70s was made in many ways off the FHA loan scam.  They got the loan and the houses went up with inflation.  Leaving them rich at the expense of stock and cash holders.  

Some guy is building an exact replica of the titanic, the interesting part of the story imho is they are building it in China. Everyone is usa is screwed the kids want to be policeman, fireman, nurses, and teachers because that is where the money is. The reality is it is not their money, the poor sap at Walmart pays for those salaries.
337  Other / Politics & Society / Re: Proposition to end California sales tax and income tax. on: April 30, 2012, 05:08:51 PM
I like the idea and would probably vote for it. However...

Why redirect taxes locally? It would make more sense to just slowly lower state income/sales taxes over a long period like 10 years. That way state agencies can gradually transition to local offices, and cities can vote to raise local taxes accordingly. There's no sense in firing everybody immediately just so they can be rehired in a couple months/years, with wasted labor and unavailable services in between.

You never need to worry about lost jobs because fired people can move into more productive areas.  Only people in non-productive areas, who's jobs are subsidized by people in productive areas, would have to get new jobs.  This will result in higher pay and more vacation for all.

50% of the "State" workers might go, but they remaining "State" workers like DMV and Water Resources, would be very small and get funding directly from you car registration fees or water bill.  The teachers might be local.

http://en.wikipedia.org/wiki/Somalia
Despite it all since, the end of central government in Somalia, life expectancy has gone up.  It is was not for their socialist roots, they will realize it is corporations/people that improve the country and not centralized federal government.
338  Other / Politics & Society / Re: Nominated for Wyoming Legislature on: April 29, 2012, 10:26:26 PM
You might also adopt the end of building permits, or at least the fees for building permits.  You might also try to get bitcoin and silver to be used as currency like Utah did.  gl and hope you win.
339  Other / Politics & Society / Re: Proposition to end California sales tax and income tax. on: April 29, 2012, 10:19:50 PM
State funding would be cut off immediately.  Those taxes would be transferred to local jurisdictions for one year.  After 1 year, all the local taxes would be re-negotiated by the voters.  Thus, most of the schools would stay open and all state funded items would either be sold to the private sector like prisons, to taken over locally.  Some like the California State Colleges, might be sold or bought locally, or most likely become their own non-profit entity.
340  Bitcoin / Development & Technical Discussion / Re: Date for 25 BTC per Block on: April 29, 2012, 08:12:24 PM
BTC - 10 minute blocks, retarget every 2016 blocks, 2 weeks               
1/3/12   160370   8018500   33%   50   7200
12/13/2012   210050   10500000   13%   25   3600
12/13/2016   420434   15750000   4%   12.5   1800
12/13/2020   630818   15960012.5   2%   6.25   900

I did the calculation 1/3.  Annual inflation rate will drop to 13%.
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