Hygro
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  • I know very little about economics/investing. Hopefully I'll learn something from this.
    I hereby declare that the Off-Topic Investing Challenge is the funnest thing to be brought to the OT since I have been posting here.
    Who's those trying to win? I'm only in for the headcount, I get massive pwnage and aim for 100% effectivness. Killshot or nothing!
    Hygro my dear, you can only upvote and downvote -/+ 1 cos you weren't on the original list!
    I would've upvoted you in the elimination thread but me and Azash are upvote buddies - we both upvote each other for maximum points!
    Wasn't an issue with me knowing how to quote, was an issue with IE playing funny buggers. Don't know why, it only started doing it recently.... Some kind of Javascript error? Eh, anyway, now using Firefox again, hopefully that works a little better... :)
    You tax behavior you want less of and spend money on behavior you want more of.

    I don't think you want to change risk seeking behavior by entrepreneurs and investors. In fact, countries like the Netherlands and New Zealand don't have any capital gains tax but very high income tax. My recollection is taxing long term gains actually reduces revenue and vice versa by lowering them. Tiering capital gains at the upper echelon?

    The income side is different but why such punitive rates? What are you doing with this money you're taxing? Are you putting it in a lock box for housing, education, technology and infrastructure to bridge the gap? That will move the economic needle more than anything else you can do with the expense side. So while you're raising revenue for this shouldn't you revisit why medicaid started out with 1 in 25 American using it but today it's 1 in 6? Don't you want to discourage that crowding out behavior and encourage good behavior.
    Exactly! :D And well I'm never going to persuade MobBoss of anything, so why bother :p
    Nah, not really :p I had to repeat myself like 5 or 6 times... Basically what I said to MeteorPunch on page 8 or whatever, ad nauseum.
    a) reddit, and b) because you're an econ major from Berkley and also I imagine you to be well hung enough to star in well produced porn.
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