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41  Other / Politics & Society / Re: Petition to Nationalize Banks on: November 14, 2011, 05:03:37 PM

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Yay! Then the poor will be guaranteed to starve and freeze as well!

Government guarantees this happens. Can you point to example where government money has not? I would be interested.

Or a example where "free Market" currency has harmed the poor, in the absent of government perversion?


Just one?

http://en.wikipedia.org/wiki/Water_privatization#Cochabamba.2C_Bolivia

And I know you won't read it, so here:

"In the previous years, despite funds made available by the World Bank to support the public utility of Cochabamba, access to piped water in the city had decreased to 40%, water losses had remained high at 40% and water was supplied only 4 hours a day. Those not connected to the network paid ten times as much for their water to private vendors as those who were."

For water. This is a good example pretty much because it's one of the few "goods" we need to live.
42  Other / Politics & Society / Re: If you don't like it, then leave. on: November 14, 2011, 04:58:36 PM
Its almost as if there were essential things that every society needs and that wherever you have people, you have to contribute to these essentials.

If you want something, pay for it. Don't demand other people pay for it. That's just common sense.

If something requires ongoing maintenance, for example the coast guard, and if it is in the national interest, then it needs to be paid for by everyone and in small regular instalments called tax.

That's just common sense.

Yes, public goods will be underproduced in the absence of government, BUT:

1.There is no objective way of measuring the "optimal" production of public goods.
2.There is no objective way of measuring to what extent something is a public good, as ALL goods are to some extent public.
3.Government is likely to take advantage of this and start to produce goods that it has no business producing, leading to excessive taxation.

Your coast guard example can be resolved with private insurance. Wanna be saved from your sailboat? Get insurance beforehand.  The advantage of this system is that you can choose a higher quality rescue team if you're willing to pay for it.  Presumably, there will also be a basic rescue package financed by charity.

This is exactly how it works for extreme mountaineers, by the way.  So why can't it work for sailors?

I'd rather have an underproduction of public goods than overtaxation.

But that's just me.

Yeah, you're just completely wrong. There are many methods of elucidating the value of public goods to people. It's certainly harder than for normal goods, but it's not a blind shot in the dark.

And I'm sure you wouldn't love the underproduction of public goods when you saw how fucking miserable your life would be with out any environmental regulation, public trash and sewer systems, utilities in some cases, fire and police protection, and public health.

Fucking people espouse all these ridiculous ideas from a featherbed.
43  Other / Meta / Re: Administrators and Moderators: A Serious Issue Regarding Illegal Activities on: November 10, 2011, 10:57:51 PM


HEY! I own the rights to every Mario Lopez portrait ever taken. I demand you take it down!

In this thread, two reprehensible scammer sociopaths fight.

Again. It's kind of like when two children roll around on the ground, break up, stand off about 10 feet glaring, then get into it again. I just see this fight spreading across the forums. Fight!
44  Other / Meta / Re: No more signature images on: November 09, 2011, 06:32:57 PM
Youknowwhatelsewecouldgetridof?Whitespace.

W cld rmv ll vwls. tht mght b fn.

Trolling much? That always gets you what you want.

No, it's called continued satire to show the ridiculousness of this whole ordeal. Sometimes a comical response has more of a point than to piss off other posters.

45  Other / Meta / Re: No more signature images on: November 09, 2011, 12:49:16 AM
Youknowwhatelsewecouldgetridof?Whitespace.

W cld rmv ll vwls. tht mght b fn.
46  Economy / Speculation / Re: Has anyone reported bitcoin capital gains or losses on their taxes? on: November 08, 2011, 08:08:26 AM
Again, good points. We seem to be talking about the same thing, just from different angles: I view management as ignoring public opinion because the incentive that drives its motive is coming from an unintended source, primarily corporations and related organizations (especially financial firms) with enough influence to affect the human fallibility in management positions (i.e. buying/lobbying politicians).

How many Occupy Wall Street protesters realize just how dependent the world's economies are on major financial institutions and the consequences that would result if they actually did fail?


Government has acted as a single point of failure: while regulation used to protect against predatory actions, the regulated and regulators are now effectively the same; the result is that regulation harms those it used to protect and protects those it was meant to guide.

All of these statements are reasonable, but you're right that we're passing each other on the important bits; a premise is left unsaid: money is the problem with government. It's big business with it's ability to buy government that assists the removal of public opinion as a pressure point for politicians.

We're talking about sources of power. If that source is financial, it is very very easily transformed into violence and manipulation. A simple case in point: can you imagine the U.S. government using military police with assault rifles to intimidate, harass, and loot the public without serious backlash, and the media not have a shitstorm? No. How about when a private corporation does this? Oh wait. Guess who's still the biggest private military contractor in the U.S.? Guess why? Because they  spent millions on public relations to hide their dirty side. When you're faced with dwindling profits, the first response is not "How do I improve my product?" It's "How do I improve my image?" If the answer is lie, cheat and steal, that is what is done. If your life is in the public eye, like politicians, you get less leeway.

There are a lot of holes in my argument. But this takes the cake: Why do you think that the first time you heard about Herman Cain's repeated sexual harassment problems was when he's running for president? Because public opinion matters when you represent people.

Don't get me wrong. Business does many, many things better than government. Allocation of scarce normal goods, merit-based advancement, responsiveness to customers, and competition are often valuable results from free-market operations when they aren't tainted by market power. But business is not in the business of preventing poverty,  supporting healthcare that's good for the population, embracing competition, and protecting human rights. These cost money to enforce.

Wouldn't you rather have that money under the scrutiny of people that can make changes just by opening their mouths, instead of mobilizing full-on consumer-changing behavior? I would.
47  Economy / Speculation / Re: Warning: How many of you Bears have ever been a victim of a Short Squeeze? on: November 07, 2011, 11:06:34 PM
BTW, the VIX fear gauge fell under $30 today.  RISK ON!

VIX fear gauge = ?

Another bull here btw  Grin

Why are you people so fucking lazy?
48  Economy / Speculation / Re: Warning: How many of you Bears have ever been a victim of a Short Squeeze? on: November 07, 2011, 10:14:16 PM
BTW, the VIX fear gauge fell under $30 today.  RISK ON!

BTW, my butt poops things. POOP ON!
49  Economy / Speculation / Re: Warning: How many of you Bears have ever been a victim of a Short Squeeze? on: November 07, 2011, 07:55:19 PM
the "heating" started at 32.  we went to 2.03 and i'm still here and kicking Cheesy

lololololol, we haven't hit boiling temperature yet. (What do you think is boiling temp? $0.00? Can we test this hypothesis scientifically, because I don't want my analogy to be crushed on a scientific basis.)
50  Economy / Speculation / Re: Has anyone reported bitcoin capital gains or losses on their taxes? on: November 06, 2011, 07:44:34 AM
Again, the issue here is management; an unbiased, purely objective regulator experiencing no benefit from illegitimate actions would keep the existing system working - but humans are still part of it. So is another layer of regulation to make sure the regulators are doing their jobs really necessary? Wouldn't it make more sense to change the system's structure to support effective regulation rather than add another layer of the same?

I don't think the issue is management. It's about incentive. Private firms fall under the same problems of human management that public ones do, because of their human fallibility, by your characterization. The question is what is the driver of decision-making that is most responsive to actual human misery? "The bottom line" surely perpetuates this misery when the interests of the meek do not align with the interests of the rich. Any representation, however broken, is better than none.

In the US, specifically, the private sector worries about public opinion if it affects profits. That happens when people are both 1) wise to the problem, and 2) manage to find a way to undermine profits for their personal needs (which is very, very difficult to do). The public sector worries about public opinion when people simply show up on their door, physically. The representative system, however broken, requires positive public opinion to function. The unrepresentative "free market" only requires ignorant buyers, and they spend enormous amounts to make sure that ignorance abounds.

Don't get me wrong. Bureaucracy sucks, hard. But you can protest bad bureaucratic decisions and see large-scale policy change and protection. When you successfully boycott business, all you get is "less bad."
51  Economy / Speculation / Re: Has anyone reported bitcoin capital gains or losses on their taxes? on: November 05, 2011, 01:03:45 AM
As long as we don't lose our freedom to publish, the Internet ensures anyone can make themselves heard if they really try.  If the media fails to deliver the information, more people will turn to independent reporting.  It's quickly becoming very difficult to hide, an you can't stop independent publishing (at least in the US) without violating the first amendment.

You've obviously never heard of anything related to the measures in front of Congress to hamstring net neutrality in favor of gatekeepers working the "free market."

I know how people can walk on others.  We have ahitloads of regulation that can't be understood without the help of the oligarchy of lawyers, yet we are failing miserably in actually protectih people and their property.

And yet those regulations, working or no, are the only thing standing between you and toxic mountain sludge. You expect the companies to handle this for you as they currently do everything they can to skirt regulations and responsibility for the damage they're doing right now?
52  Economy / Speculation / Re: Warning: How many of you Bears have ever been a victim of a Short Squeeze? on: November 04, 2011, 10:30:37 PM
And I would posit that if it were not for 'hoarders', the current rate of inflation in Bitcoin would render it's value vastly less than what we see today.  There are, I feel, legitimate arguments for a much lower value of BTC being a good thing, but I hear next to nobody trying to make them.

I was trying to make them much earlier, but everyone just hounded me with "bear" label, and I realized it was because I didn't fit into one of the main molds around here: self-important nerds, scam artists, and ideologues who could care less about rationale.
53  Economy / Speculation / Re: Has anyone reported bitcoin capital gains or losses on their taxes? on: November 04, 2011, 10:27:02 PM
In most EU countries, one does not pay taxes at the first XX euros his/hers yearly income, than he pays some low tax at the next YY EUR, and than higher percentage for next ZZ euros he earned (if he earned that much) and so on until some large percentage that is usually set for all income over 100K EUR for example.

So it is gradual for everyone. And if, say, the no tax limit is set at 15K EUR, there is not much difference for guy earning 16K euros and 15K euros per year.  The first one would pay maybe 10% of one thousand euros while the second won't pay any taxes.

I like this a lot. But I don't think it's popular with libertarian movements.

I feel information should be widely available and the markets should decide what is acceptable.  Governments should prevent violent crimes within their boarders and defend their citizens from foreign invasion.  Little else is acceptable to me. 

Trust me, I understand how nasty things can get, but I firmly believe that the only way to fight that is awareness: spreading information.

I think you misunderstand the power that market share has on freedom of information. One of the first things to go in unregulated markets is necessary information to the consumer. Take a 5 second look at big media. There were Nobel Prizes in Economics awarded on this topic.

In addition, my point was that control over someone's financial life (the way unregulated banking, retail, and massive corporations maintain with discretion over pensions, loans, and property they own) can destroy lives as thoroughly as violence. This is why we have federal regulations regarding finance, and those regulations need to be funded.

Oh how different WV would be if coal/gas companies had to pay more than a few thousand dollars a month to destroy a mountain range.

I can't imagine a single captain of industry ever advocating higher taxes on business.
54  Economy / Speculation / Re: Has anyone reported bitcoin capital gains or losses on their taxes? on: November 04, 2011, 06:49:58 PM
I'm not sure what you're getting at with 89 vs 90%. 

Oh, I was saying that someone just under the poverty line (90%) gets a full prebate on their "flat-distributed" % tax. Someone just over it (89%) get's absolutely no benefit. This is my argument for graduated taxes.

Yes, there are situations where people earn money unfairly, but I don't see that as something the government should be responsibile for policing.

So, in essence: rule of law rests in your own hands. John Doe finds it an offense to his sensibilities when his daughter downloads internet porn, and so he crushes her head in with a baseball bat for her impropriety. Acceptable?

It's an extension of "John Q doesn't like Coca-Cola paying nothing for 5-year-olds in china to bottle, so he decides to not buy Coca-Cola anymore."

More realistic: what happens when Eric Prince decides he'd like an island and doesn't want the natives with it, in this no-law land of yours?
55  Economy / Speculation / Re: Has anyone reported bitcoin capital gains or losses on their taxes? on: November 04, 2011, 04:02:08 PM
No no no.... Not a probate on expenses.... Just on the sales taxes for those expenses.  Same as we have now in the US.  You don't pay taxes if you are below the poverty line.

Ah, gotcha. Also not a terrible idea, but it's largely unpopular with American conservatives, who believe everyone should pay something in taxes.

I was talking about fixed percentage income taxes,  but we can talk about sales taxes, too.

At what point do you set the "poverty line"? I know how it's set here in the US. So you tax someone who spends 89% of their income on food, rent and health, but not someone who spends 90%?

The issue is around fairness. Graduated fairness based on what you need to survive.

And you deserve it if you earned it.  If daddy (or mommy) gave it to you, then it depends on the individual.  Rich brats cause a lot of problems.

What if you earned it by siphoning CPU cycles using embedded javascript code? What if you were exploiting child labor in China (where it's legal), and your customers didn't know? In short, does it matter how you earned it to deserve it? Who decides and enforces that?

56  Economy / Speculation / Re: Has anyone reported bitcoin capital gains or losses on their taxes? on: November 04, 2011, 06:45:24 AM
I've usually heard this proposed along with a pre-bate check on goods up to the poverty line, so basic necessities.  Then we are only taxed on the extra we consume.

I've usually heard any kind of pre-bate check is considered to be an unfair social safety net that would work better in the free market.

I'm not actually picking a fight, but I have literally never heard a big-R Republican, big-L Libertarian, or even little-l libertarian support basic subsistence/healthcare provided by the state to any degree.

That being said, it's not a terrible idea. But it still doesn't get at the one big problem non-libertarians and libertarians will always be embittered over, and where this discussion is eventually heading: if you have more money than someone else, do you deserve it?
57  Economy / Speculation / Re: Warning: How many of you Bears have ever been a victim of a Short Squeeze? on: November 04, 2011, 05:47:09 AM
Dude; seriously, you need some help.

Dude; seriously, you should liquidate your short position before you get zhoutonged. Dude.

nice try on the change in strategy (deception).  sorry, i haven't and won't sell/short a Bitcoin for at least 10 yrs.


The strategy is not deception, it's just reminding you and everyone else that claiming something doesn't make it true. (I have no short positions, so you can give up with that silly claim).

But you knew that, you just like to look like a fool, I think.
58  Economy / Speculation / Re: Has anyone reported bitcoin capital gains or losses on their taxes? on: November 04, 2011, 05:45:16 AM
Since the general stance is that ignorance of the law is no defense, what you don't know will hurt you.

Just out of curiosity, do you disagree with this, generally?

No, I agree with the principle. My issue with it is that excessive complexity and conditionals in tax codes have made the tenet unrealistic to comply with, even for many law specialists.

If there has to be one, I'd be much more agreeable toward the oft-promoted flat universal tax, or a system of flat national taxation for corporations (including provinces/regions/states) and only flat local/regional tax for individual citizens and local businesses. This would be similar to software licenses in which educational/private use is free or a nominal fee versus commercial use requiring fully paid licenses. The simpler and less open to interpretation things are at all levels, the easier it is for everyone.

Your perspective?

I also agree with it generally.

My problem with flat taxes is the boilerplate: a 9% income tax on someone who spends 80% of their income on basic housing and food is a big freaking deal. a 9% tax on someone who spends 1% of their income on basic housing and food is meaningless. This is problematic.
59  Other / Off-topic / Re: I.Goldstein's charity ponzi on: November 04, 2011, 12:35:59 AM
Quote
I'd say wait it out and see if the seller contacts you. If he doesn't, you're not legally required to return it. He probably will end up noticing though after some poor sap who bought a tv complains about receiving headphones.

He sure comes across like an unscrupulous scammer.

Most states in the U.S. have a statute that protects the receiver of unsolicited products from returning them. I am not sure if a mistaken order counts as "unsolicited," but I bet you could make a pretty damn good case that it is. Don't send the wrong merchandise.
60  Economy / Speculation / Re: Has anyone reported bitcoin capital gains or losses on their taxes? on: November 04, 2011, 12:08:15 AM
Since the general stance is that ignorance of the law is no defense, what you don't know will hurt you.

Just out of curiosity, do you disagree with this, generally?
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