22 Mar 10
I get tired of hashing out views that my opponents will never agree with no matter how convincing I think my arguements may be, and vice versa. So instead, lets put our money where our mouths are to see who is right and who is clueless.
First lets start with the jobs bill that recently passed. I say it will do very little except create billions of dollars of debt. In fact, unemployment will not decline below 9% for the next three years, and possibly longer.
So what say you? Of course, if Obamacare passes, that will be next on the agenda to cast our predictions!!
22 Mar 10
Originally posted by whodeyZeeblebot appears - on another thread - to think this: "Nationalized health care" will mean fewer people are covered.
So what say you? Of course, if Obamacare passes, that will be next on the agenda to cast our predictions!!
If that turns out to be true, my prediction is that Democrats will try to extend coverage to more people while Republicans will welcome the change.
22 Mar 10
Originally posted by robbie carrobieMy prediction: Unemployment under 8% by 2012. Why? Recession's over and unemployment spikes seem symmetrical:
mere unsubstantiated opinion.
http://www.miseryindex.us/urbymonth.asp
The recession actually looks a lot like the one in the early '80s. That one went from 8% to 8% in a little over 3 years, hitting 10% along the way.
This can be exploited by hiring top talent now, or soon (like me!). Human capital is in high supply now but it will start to decrease in supply soon.
Other factors in consideration - Europe not looking so strong relative to USA any more with the problems in Greece and Spain, and Chinese growth being unsustainable due to environmental damage (loss of soil to erosion, polluted water, etc) and poor quality control (remember the poisoned baby formula?) fuelling the economic spike. China is getting stricter about these things which will slow their economy and if nothing else resources are getting used up unsustainably I suspect.
Not only will China's astounding growth slow, but the dollars they hold make it in their interest to build up the US economy, and my home state of California is the American gateway to Asia...which means the current financial collapse here in CA should be short term.
First posted by me at
http://www.playtheimmortalgame.com/board/showthread.php?threadid=128265&page=2
See also
http://www.ritholtz.com/blog/2010/03/60-minutes-michael-lewis-the-big-short/
http://athousandyoung.blogspot.com/2010/03/recession-of-first-decade-of-second.html
22 Mar 10
Originally posted by whodeyhttp://retirementliving.com/RLtaxes.html
I get tired of hashing out views that my opponents will never agree with no matter how convincing I think my arguements may be, and vice versa. So instead, lets put our money where our mouths are to see who is right and who is clueless.
First lets start with the jobs bill that recently passed. I say it will do very little except create billions of dollar ...[text shortened]... you? Of course, if Obamacare passes, that will be next on the agenda to cast our predictions!!
get yourself to another state whodey, the above is a list of tax rates by state....
the only thing a person can do if able, is to try to get somewhere that doesn't tax the day lights out of us.
22 Mar 10
Originally posted by Hugh GlassA lot of my wife's family is from Texas, who doesn't have a state income tax. I asked them how Texas does it. According to them, property tax in Texas through the freaking roof.
http://retirementliving.com/RLtaxes.html
get yourself to another state whodey, the above is a list of tax rates by state....
the only thing a person can do if able, is to try to get somewhere that doesn't tax the day lights out of us.
So they're still taxing you. You got to consider all things when factoring taxes. I would say the ones who have it best - Alaska. They tax the crap out of the oil giants and divvy out "welfare" checks to every Alaskan resident. Alaska is a very conservative state, oh the irony. Nevada is another good one. Like Alaska they get all kinds of outside money, only instead of oil it's the Casinos. They don't get hand-me-down checks like Alaska but they truly are a tax free state.
22 Mar 10
Originally posted by USArmyParatrooperHome foreclosures are way up in Nevada too, especially Vegas. I wonder if the combination of economic woes, and indian casinos springing up everywhere will cripple that town?
A lot of my wife's family is from Texas, who doesn't have a state income tax. I asked them how Texas does it. According to them, property tax in Texas through the freaking roof.
So they're still taxing you. You got to consider all things when factoring taxes. I would say the ones who have it best - Alaska. They tax the crap out of the oil giant ...[text shortened]... inos. They don't get hand-me-down checks like Alaska but they truly are a tax free state.
I am getting beat up on property taxes in oregon too, but they claim no sales tax is a plus...maybe so, if you're feeding a large family, and buying a new car every year. And get this,, I pay for rain water running off my roof, with my garbage bill??
I wonder if I can put a cistern in, and tell them to shove that nonsense?
Wyo has no state income tax, and property tax is much cheaper than here,, that's where we have to go, since I bought retirement property there 20 years back,,, just have to get out before winter hits,, and I can't..
Hell,, always decisions.
22 Mar 10
Originally posted by Hugh GlassI wonder if northern californians are still buying and tagging cars in Oregon? I saw a lot of that in Eureka back in the early '80's.
Home foreclosures are way up in Nevada too, especially Vegas. I wonder if the combination of economic woes, and indian casinos springing up everywhere will cripple that town?
I am getting beat up on property taxes in oregon too, but they claim no sales tax is a plus...maybe so, if you're feeding a large family, and buying a new car every year. And get th ...[text shortened]... ars back,,, just have to get out before winter hits,, and I can't..
Hell,, always decisions.
22 Mar 10
Originally posted by USArmyParatrooperTotal Tax burden by state;
A lot of my wife's family is from Texas, who doesn't have a state income tax. I asked them how Texas does it. According to them, property tax in Texas through the freaking roof.
So they're still taxing you. You got to consider all things when factoring taxes. I would say the ones who have it best - Alaska. They tax the crap out of the oil giant ...[text shortened]... inos. They don't get hand-me-down checks like Alaska but they truly are a tax free state.
NC--20th ranked
Texas--43th
Wyo-- 48th
Apparently they still pay quite a bit less than you...... as of 2008
22 Mar 10
Originally posted by USArmyParatrooperproperty tax? sales tax?
I'm a CA resident who's out of state military. I pay zero income tax
You're siting good then,
No wonder you want to spend my money for health care for all... You buzzard..
:-)
Is that like,, hey drinks on me?
22 Mar 10
1 edit
Now predictions regarding health care. Mine are that it will be over budget for the next 10 years. There is a shocker, eh? They will then begin to move to nationalize it much like they system in place in Canada and the UK. In addition, the quality of care will gradually deteriorate. I just can't wait to see the expression on peoples faces when they have to begin to pay taxes on this stuff. Unfortunately, it won't happen until after the next election.
Just remember which party brought you this peice of legislation. Do you really want them to "fix" it again down the road?