Whether you think of our connected world as a benefit or as a time waster, there’s no escaping the complex red tape associated with providing access to our digital assets after we pass away. What lives online is neither easy to access nor is it clear cut as to who can get to it.
Remember, if you don’t give specific, detailed instructions, your wishes are not likely to occur. Just sayin…
The rise of outside partisan groups — on the left and the right — has coincided with a bumper crop of partisan-first media outlets designed to foment rage and exasperation with the mainstream media’s alleged missteps. It’s good business for them — and just plain terrible for the American public.
You can think the media thinks too highly of itself. (We do.) You can ask who appointed us the refs. (Fair.) And, you can be skeptical — in fact, you should be skeptical — of something being reported that smells fishy to you. (We, as humans, can and do get stuff wrong.) But, what you should not wish for is that the mainstream media disappear or be rendered irrelevant.
“The people must know before they can act, and there is no educator to compare with the press.” – Ida B. Wells
…If the deficit is going to be eliminated, that isn’t the main way it will happen.
No one can surely doubt that higher taxes are contractionary. Japan’s consumption tax rise in 1997 is often cited as a historic mistake; derailing a nascent recovery. As for taxing companies, they are merely a legal entity. Higher taxes on them must be passed on in one of four ways; higher prices on the goods they produce and sell, lower wages, less employment or lower profits.
Corbynites might hope all the burden will fall on the last but managers, who have a responsibility to shareholders (and a fear of being taken over), will fight hard to avoid that (and of course, any hit to profits and dividends will affect the funds that have promised workers’ pensions). Some companies may be able to increase prices to offset the tax but many won’t for fear of losing business to foreign competitors which will not be facing the same tax bill. They could cut wages, except that the Corbyn programme includes a provision for a sharp increase in the minimum wage. So the biggest impact will probably be on jobs; the jobs of Labour voters.
The 2014 IRS Statistics of Income, available for download here, reflects that all Business tax collections only amount to 11.8% of the total collections. (Total was roughly $2.691 trillion and Business (including tax on Non-Profits who sell unrelated stuff) only totaled about $318 billion.) A 10% reduction in Corporate Income Taxes would equal about $30bn. Good Managers can multiply that 3-5 times creating almost $1tn-$1.5tn in new capital to invest in their business. In 2014 Individual Income and Employment taxes accounted for 84.8% of collections.
Is it possible that lowering corporate taxes 10% (about 1% of total collections) would allow Managers to keep producing the minimum returns they need to support stock prices while allowing them to invest now freed earnings (previously going to income taxes) in new equipment (creating jobs for the builders of that equipment) as well as higher wages (to keep talent other managers might try to steal with excess earnings) and adding new workers? The Managers will see that investing in the future of their business is reflected in higher valuations of the stock and they get bigger bonuses (on which they pay nearly 45% Federal Taxes). Raising Corporate taxes always costs jobs, let’s try reducing corporate taxes and see if we can create jobs, that is the way to address the deficit. Just sayin….
…many have suddenly found that the new rate has had unexpected consequences.
Some workers across the city are lefttelling bossesto give them fewer hours at the higher wage because a full week’s earnings now puts them past the threshold for some welfare payments such as food stamps and assistance with rent.
Of course, one of the things that supporters of the higher wage said was that they wanted to help lift min. wage workers out of poverty and welfare.
So another law that didn’t do what the legislators wanted it to do? Shocking! Just sayin…
This might be a good day for us to rethink our attitudes about the victims of hacking, whether it’sSony’s Amy Pascalor the married dude next door, because the mob is coming for us, too. Do we really want to live in a world where no one is allowed to make mistakes? Are we arrogant enough to believe that we’ll never screw up? If we do screw up eventually, do we want our future personal failings to be judged andprosecuted by a self-righteous mobwho may or may not share our values and ideas about right and wrong?
When it’s our private lives that are smeared across the internet, we might finally ask ourselves:Is this the revolution we were looking for?
“The question is, how do you change people’s cultural attitudes?” he says. “How do you change their minds? You don’t do it by arguing in Congress. You don’t do it through talking heads on Sunday talk shows. You’ve got to connect with them in a place where they’re open to changing their minds.”
He let me know that there are 154 pro sports teams (“if you don’t include professional lacrosse”), 90 of which share 50 animals as mascots or team names; 31 of those animals are endangered or at risk of going extinct in the wild.
Maybe sports fans just need to be given the information so they can make informed decisions? If you asked all the NFL Philadelphia Eagles fans to support 1% of every licensed gear sale being directed to Eagle habitat preservation, how many people do you think would be against it? I know, it’s Philly, but I still think they’ve all got hearts and brains (they just get underused occasionally). 😉 Just sayin…
This is all important stuff, because those who don’t understand basic financial concepts, such as how money grows, how inflation affects us, and how diversification can reduce risk, are likely to make suboptimal financial decisions throughout their lives, ending up with poorer results as they approach and enter retirement. Consider the inflation issue, for example: If you don’t appreciate how inflation shrinks the value of money over time, you might be thinking that your expected income stream in retirement, from Social Security and/or a pension, will be enough to live on. Factoring in inflation, though, you might understand that your expected $30,000 per year could have the purchasing power of only $14,000 in 25 years. (emphasis added)
In his annual letter to shareholders which you should read here:
Investors, of course, can, by their own behavior, make stock ownership highly risky.
And many do. Active trading, attempts to “time” market movements, inadequate
diversification, the payment of high and unnecessary fees to managers and advisors,
and the use of borrowed money can destroy the decent returns that a life-long owner
equities would otherwise enjoy. Indeed, borrowed money has no place in the investor’s tool kit: Anything can happen anytime in markets. And no advisor, economist, or TV commentator – and definitely not Charlie nor I – can tell you when chaos will occur.