zeke5123a
1d ago
If Biden wants to ensure he loses in 2024 trying to have a Little Rock movement, he can shoot his shot.
zeke5123a
1d ago
I also suspect the rule change runs into due process issues (state action requiring a process to impose punishment that is clearly lacking in fundamental fairness) and State Farm challenge as well. Ironically, the gender stuff is probably on the safest ground thanks to Gorsuch’s terrible opinion (even the greats sometimes muck it up).
zeke5123a
1d ago
Probably right. Of course, if Texas and the South broke away…not sure there would be sufficient strength by the rest of the US to enforce pariah state status.
zeke5123a
4d ago
Just because there is a winner and loser doesn’t make the loser oppressed or the winner the oppressor.
Moreover it is pretty clear there are numerous positive sum games.
zeke5123a
5d ago
Did Peterson’s wife also get a really bad prognosis at around the time he took the benzos?
The social media stuff didn’t help.
zeke5123a
10d ago
Yes. If (1) races are different, (2) that difference results in one race performing better compared to another race on outcome X, and (3) outcome X is relevant to a company, then (4) you’ll see a different racial mix compared to overall population stats.
The race theorists call this racism and assume it is a bad thing. I don’t think it is is a bad thing and don’t really care whether we call it racism or not.
zeke5123a
10d ago
It is interesting that misandrists manifest in a single way: hatred of men.
However so called misogynists manifest in many ways: MGTOW (which do seem to hate women), chauvinist (who love women but don’t like women in certain roles)
zeke5123a
10d ago
Fwiw, leftism has made me more race and gender conscious albeit in a way leftists don’t like.
zeke5123a
10d ago
But there is a related problem there where people try to win arguments solely by definitions. For example, you defined communism as state ownership of capital. What about a state that allows for private ownership of capital but imposes very high levels of taxation and requires regulatory approval to basically make any decision?
But that then devolves into a discussion of “what constitutes high levels of tax” or “approval.”
All of those things are important but frequently when I see someone overly focused on definitions they often forget that the map was made for man.
zeke5123a
11d ago
Or Israel no longer trusts the US (or at least Biden). The democrats right now are very split on Israel. The young part of their party is very anti Israel (literally pro Hamas). Similarly the Muslim part of the problem is relevant for being electorally located in Michigan.
On the other side, Jews make up much of the financial and intellectual power of their party. And those Jews are by and large zionists. Yet they are electorally irrelevant.
Biden has been trying to please both masters.
zeke5123a
12d ago
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Yes capital gains rate might not have a big impact if you are planning to sell in the short run. But if you are thinking about rebalancing investment profile could have a huge impact. There is much more of the latter than the former.
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Rates are higher today than since the Great Recession but still not that high by historical standards.
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Inflation has been hard to get to the desired rate and has been rebounding in the last quarter. Expect another ugly print this coming month. Odds of a rate decrease are decreasing.
zeke5123a
12d ago
I think you are vastly underselling the cost to the government. Right now their WACC is probably what around 4 or 5%. If 4% and lock in is 20 years you almost cut the tax in half in PV terms.
zeke5123a
12d ago
The reasoning in opinions also impact law students. Scalia’s textualism became much more pronounced when lawyers who read his opinions in law school came to dominate the practice.
zeke5123a
12d ago
Side note but I loved Shaqing a fool love affair with Javaleeeeee McGeeeee
zeke5123a
12d ago
At this point, I don’t know what you are even arguing. The point was that CGT are highly sensitive to the tax rate because you can easily avoid paying tax today. Also the higher the CGT rate the more the lock in effect. So a lower CGT rate easily can lead to more capital gains!
Are you arguing no?
zeke5123a
13d ago
Leverage just enables you to get the cash today and pay tax much later (or maybe never with death). Delaying taxes over a long enough time period is effectively avoiding taxes from an NPV perspective.
zeke5123a
13d ago
Is this just possibly the mid wit phenomena where they understand enough to know the art is “prestigious” so they trick themselves into liking it whilst looking down on bourgeois taste?
zeke5123a
13d ago
The lock in effect is studied and is real. Again, the higher the capital gains rate the higher ROI to stay invested in the same asset.
Think of it this way. You invest 100 dollars in Apple stock. It appreciates to 150. You could sell and pay 10 of tax on the gain leaving you with 140 to invest. Or you could keep 150 exposed to Apple. Provided the return on that 10 outstrips the ROI on the 140 invested in non Apple stock, I keep my money in the Apple stock.
Also there are strategies to monetize without triggering gain (eg leverage, death).
zeke5123a
14d ago
Capital gains (at least as currently taxed) are extremely sensitive to tax rate because the taxpayer can choose to sell or not sell (ie it isn’t like income). So if you have a higher capital gains tax you likely will have less gains because taxpayers obtain a better ROI leaving their pre tax investment in asset X instead of their post tax investment in asset Y.
As a practical matter, a lower CGT is one where lower taxes might actually be revenue raising.
I don’t think that is right. Georgia and Florida are not unproductive. Florida has a massive economy. The Carolinas are quite productive.
Parts of Alabama are productive.
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