[enron_by_the_sea]

[quote=pri_dk]One of the arguments for lower capital gains and dividend tax rates is that corporate profits are taxed twice. The corporation pays taxes first and then the shareholder is taxed again. So the total taxes paid on corporate profits is generally around 50%.[/quote]

Perhaps you can make this argument for dividends. When you are making a capital gain, you are not paying taxes again on the taxed money of the company. Capital Gains tax is NOT double taxation. Lot of times people make this argument. It is important that we are clear about this distinction between dividends and capital gains.

The only reasonable argument for taxing capital gains at lower rate than wages is that someone put his money at risk and low capital gains taxes would encourage risk taking.

Even if we agree on that, there is no justification for 15% tax on carried interest that Romney receives because he did not put his own capital at risk to receive it. Lot of people at investment banks do exactly the same thing that Romney did; and pay much higher income tax on their earnings because their earnings are not “carried interest”. I am frankly astounded how so few people get outraged by this basically completely unfair tax break that private equity receives.

Moving further, I still do not hear any rational argument about why a person earning 175,000 needs to pay “Alternative Minimum Tax (AMT)” but people like Romney are somehow exempt from it.

If you have any sensible argument, please let’s hear it.

It not question about low tax/high tax. It’s a question of fairness!

[enron_by_the_sea]

The only question I ask is: why does tax code ask me to pay AMT but does not ask Mitt to pay AMT?

If there was one person in the world for which AMT was designed by the wise heads in congress – Mitt Romney would be his name….

Yet, here I am paying that stupid tax (AMT) but not Mitt! Isn’t world an unfair place!!!

[enron_by_the_sea]

[quote=AN]QCOM just announced too… To all those folks that were shorting….
EAT SH!#$!@$#%$#%T…. :-D[/quote]

QCOM crossed 60 today. Last time QCOM was 60 was in March-2000!

[enron_by_the_sea]

You should add following to the list

JIVE (business FB)
BVSN ( remember dot.com 1.0? Allgedly business FB or pump-dump in action)
TRIP (social travel)
Foursquare (coming soon? Social location)
ACTV (Social exercise classes.Finally, San Diego!!! Common we should have some too.)
SFLY ( another dot.com 1.0 story. Social photoes – Common doesn’t facebook already have it?)
AWAY (social vacation rental)
RENN (chinese FB)
SINA (chinese Twitter)
YOKU (chinese youtube/Netflix)
TUDO (another chinese youtube/Netflix)
Yelp (coming soon? social reviews)
OPEN (restaurant reservations and social reviews)

Software engineers are hot commodity in silly valley again

http://www.businessinsider.com/entry-level-facebook-engineers-get-a-100000-salary-50000-signing-bonus-and-120000-in-stock-2012-1

http://www.businessinsider.com/flowchart-how-to-tell-if-a-facebook-employee-is-about-to-be-a-millionaire-2012-1

[enron_by_the_sea]

I am seriously rethinking my choice and voting for the guy who promises to colonize moon and make it a US state by 2020. LOL!

http://news.yahoo.com/blogs/technology-blog/newt-gingrich-promises-build-moon-colony-2020-u-211103078.html

[enron_by_the_sea]

What are our priorities as a city?

1. repair our roads and transport?
2. Fund our schools and colleges?
3. Build new transport to commute in the city?
4. Solve our water problem?
5. Improve quality of living for citizens?
6. Get rid of structural budget deficit without gimmicks?

OR

Start another mega-project with legally questionable means, based on laughable studies performed by people with conflicted interests that only benefit the mega-rich in the city based on an editorial of a paper who was bought out by developer?

This while we already have an example of another project similar to this completely ruining the fiscal health of the city less than 10 years ago.

I don’t know about you but they say fool me once shame on you; fool me twice shame on me!

[enron_by_the_sea]

[quote=paramount]After President Obama signed the NDAA on New Years Eve, I can’t imagine why ANYONE would vote for Obama. Regardless of political leanings…[/quote]

The election is choice between Obama, Gingrich or Romney. Here is each of their position about NDAA

Obama: signs with reservations.
Romney : Will sign it (presumably without any reservations) (http://www.informationliberation.com/?id=38017)
Gingrich : Defends it (http://www.youtube.com/watch?v=pLYu4TbYRW4)

So how can you imagine someone voting for Gingrich/Romney then?

If you are saying one should vote for Paul then fine. Get him on the ballot of the general election first, then we’ll talk! Till then don’t just single out Obama – its not like people who are likely to be his challengers have any different position.

[enron_by_the_sea]

If the city is going to declare bankrupcy eventually, let’s might as well do that after building that mega stadium-plus-convention center-plus-arena-plus-library-plus-city hall built with overpriced unionized labor by the joint venture of the hotelier-developer-publisher of UT & builder-developer-owner of the Chargers.

[enron_by_the_sea]

295K

[enron_by_the_sea]

I don’t care either way as long as it is Obama, Romney or Huntsman.

My number #1 priority when voting is to make sure that there is balance in the system after the election.

As of today it looks like GOP will control house, senate and Supreme court after the election-2012 (although they won’t have 60 votes in the senate.)

Hence as of now it is Obama for me! In CA, my vote for president does not make any difference any way!

[enron_by_the_sea]

duplicate

[enron_by_the_sea]

[quote=briansd1]

Regarding Wall Street and the financial system, you can’t rely on Wall Street during good times and then blame Wall Street when things go bad. We are all part of the same economic system, so we should all share the pain.[/quote]

+1

[enron_by_the_sea]

[quote=captcha]Some freeways through LA are supposed to be partially closed between Christmas and the end of the year.[/quote]

http://www.msnbc.msn.com/id/45718472/ns/local_news-los_angeles_ca/t/freeway-closures-promise-traffic-headaches/#.TvJFU_L2K5I

– All westbound lanes of the 60, the Pomona Freeway, between the 605 interchange and the 710 will be shut down from 11 p.m. to 5 a.m. three consecutive nights beginning Sunday, Caltrans said.

– the northbound 405 around Seal Beach will be blocked each weeknight from 11 p.m. to 5 a.m. for scheduled maintenance. (This will suck!)

– In the San Fernando Valley, the ongoing 5 Freeway widening and re-construction project will close all but one lane in both directions across the San Fernando Valley between 9 p.m. and 6 a.m. seven days per week. (This will suck too.)

[enron_by_the_sea]

Looking at the traffic screen on google maps last few days this seems like easiest way (assuming you are starting close to 15)

I15N to 91W to 71N to 57N to 210W to 5N!

(Temecula-Corona-Chino Valley-Pomona-San Dimas-Pasadena to 5)

About ~ 10 miles longer but seems a lot less congested!

[enron_by_the_sea]

Obama’s main failure was to not invoke the memories of George W. Bush every day.

Now that people have forgotten GWB, they have begun to think that every problem we face today has been created by Obama and they have began finding GWB’s clones attractive again!

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