Search found 2331 matches

by Tortoise
Wed Sep 07, 2011 3:26 am
Forum: Other Discussions
Topic: Citizen's Dividend
Replies: 18
Views: 2891

Re: Citizen's Dividend

Your explanation makes sense, Stone, but I'm still wondering about the practical aspects of enforcing a flat tax on assets. Wouldn't it be far easier to enforce a flat sales tax than a flat asset tax? If the sales tax is always paid right at the point of sale, enforcement is fairly easy because it d...
by Tortoise
Wed Sep 07, 2011 2:45 am
Forum: Other Discussions
Topic: Overshoot
Replies: 102
Views: 17756

Re: Overshoot

Tortoise, did you run across anything in the book that seemed off the mark or any conclusions that didn't seem to flow from the arguments he was making? No, the arguments and conclusions in the book seemed consistent with each other. If I had to make one or two criticisms, I suppose they'd be: Catt...
by Tortoise
Wed Sep 07, 2011 12:16 am
Forum: Other Discussions
Topic: The Suicide Portfolio
Replies: 136
Views: 27740

Re: The Suicide Portfolio

Hey, Storm's portfolio lost a lot of money the past few weeks -- he's very close to losing money now!  Should his max drawdown be a little higher? I've been defining max drawdown as the difference between a portfolio's lowest daily close and its starting value of $100k. So regardless of a portfolio...
by Tortoise
Mon Sep 05, 2011 9:14 pm
Forum: Other Discussions
Topic: Frustrated with idiots
Replies: 73
Views: 19036

Re: Frustrated with idiots

Indices wrote: Can someone possibly be that stupid? And most people THAT forum have graduate degrees. Really unbelievable.
Most of the time, formal education serves more to solidify dogma rather than sharpen critical thinking ability.
by Tortoise
Mon Sep 05, 2011 8:48 pm
Forum: Other Discussions
Topic: Overshoot
Replies: 102
Views: 17756

Overshoot

In other threads, I've briefly mentioned a couple of ideas from William Catton's 1980 book Overshoot: The Ecological Basis of Revolutionary Change , which I read based on MT's recommendation. MT suggested we start a thread dedicated to this book and related issues. Overshoot was one of the first boo...
by Tortoise
Mon Sep 05, 2011 4:17 pm
Forum: Other Discussions
Topic: Citizen's Dividend
Replies: 18
Views: 2891

Re: Citizen's Dividend

As the old saying goes, if you tax something you'll get less of it. I suspect people might respond to the introduction of an asset tax by shifting their wealth into assets that are much harder for the tax collectors to valuate. So we'd gradually end up with fewer "assets" as defined by the tax colle...
by Tortoise
Sat Sep 03, 2011 5:38 pm
Forum: Other Discussions
Topic: The Suicide Portfolio
Replies: 136
Views: 27740

Re: The Suicide Portfolio

Week 12 results: https://docs.google.com/spreadsheet/oimg?key=0Am_PUxhr3qIwdFJ6d1lhZ3o5V2ZMQWhFcFhPTkc4T3c&oid=4&zx=cceu7on00ere https://docs.google.com/spreadsheet/oimg?key=0Am_PUxhr3qIwdFJ6d1lhZ3o5V2ZMQWhFcFhPTkc4T3c&oid=5&zx=radxoymey01v https://docs.google.com/spreadsheet/oimg?key=0Am_PUxhr3qIwd...
by Tortoise
Fri Sep 02, 2011 5:06 pm
Forum: Other Discussions
Topic: Citizen's Dividend
Replies: 18
Views: 2891

Citizen's Dividend

Stone has mentioned the idea of a citizen's dividend in a number of different threads, and it often sparks a lively debate, so I thought it might be good to start a dedicated thread for the topic to allow thorough exploration of various aspects of the concept. One proposal Stone has offered is to ba...
by Tortoise
Wed Aug 31, 2011 8:53 pm
Forum: Other Discussions
Topic: Japanese Unemployment Rate
Replies: 30
Views: 5616

Re: Japanese Unemployment Rate

Education is a puzzle that badly needs solving.  With the tools available today, learning is easier and more accessible than ever.  Anyone with an internet connection has free access to things like the Khan Academy , courses taught at one of the finest engineering schools in the country , and the m...
by Tortoise
Tue Aug 30, 2011 1:41 am
Forum: Other Discussions
Topic: Japanese Unemployment Rate
Replies: 30
Views: 5616

Re: Japanese Unemployment Rate

I am surprised that you believe that today's standard of living is lower than that of the 1950s. [...] I enjoyed Jeffrey Tucker's free book It's a Jetsons World for an enjoyable reflection on just how incredible today's world really is (and how it got that way.) I'm actually a big fan of Jeff Tucke...
by Tortoise
Tue Aug 30, 2011 12:10 am
Forum: Other Discussions
Topic: Japanese Unemployment Rate
Replies: 30
Views: 5616

Re: Japanese Unemployment Rate

I think the key thing for me is whether "the economy" equates to "most people". Whether it does or doesn't depends on ownership of the profits. If you have widely distributed ownership, then it does. If you don't, then it doesn't. To my mind the perfect situation would be where everyone was both a ...
by Tortoise
Mon Aug 29, 2011 10:53 am
Forum: Gold
Topic: PP: Gold vs. Silver
Replies: 13
Views: 4082

Re: PP: Gold vs. Silver

rickb wrote: At current prices, $100,000 worth of gold fits in your pants pocket
You'd better have a hell of a belt and strong pocket seams! ;D