• Krugminator2's Avatar
    Yesterday, 03:43 PM
    Renting is much better from a financial standpoint. The return on residential real estate is slightly negative over the very long term when factor in taxes, insurance, selling transaction costs, mortgage interest, indoor and outdoor maintenance and everything else that goes along with owning a home like furnishing it. A house is a depreciating asset. Only the land underneath the house has a positive return. That isn't my opinion. That is from the data Nobel Prize winning economist Robert Shiller compiled. Some people like Zippy and Donald Trump get lucky and get the right side of the bell curve. That isn't a financial strategy. As far as justifying a circumstance, I choose to rent. I have zero debt. I made low six figures last year. Already made more than I did last year. My monthly rent bill is $575. Owning a home is a luxury good not an investment. Not to mention I don't want to mow, snow blow, fix plumbing, change light fixtures, paint, etc. I also don't want to be tied to living in one area.
    62 replies | 796 view(s)
  • Krugminator2's Avatar
    07-26-2017, 08:54 PM
    This is terrible giving this a vote. This is going to get as many votes as Obamacare repeal and encourage it. Democrats proudly want Medicare for all because they know how popular Medicare is. But Medicare is a disaster. Medicare is underfunded by infinity. Most states have huge unfunded liabilities. Instead of ending Medicare the debate is for more Medicare. These people just don't care at all. Free stuff knows no bounds. Republicans have given this country 100% socialized medicine by not even making the argument for a competitive market in health care.
    7 replies | 267 view(s)
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    07-26-2017, 03:13 PM
    Robert Shiller disagrees. http://www.cbsnews.com/news/history-says-home-real-estate-is-a-bad-investment/
    62 replies | 796 view(s)
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    07-25-2017, 03:47 PM
    I don't think monarchy is superior to a consitutional republic on the whole. But.. In the case of South Africa, how many people hold even remotely freedom oriented views in the entire country? In this context, I would include people with similar views to John McCain and Peter King and Chris Christie as freedom lovers. My guess is 15% or less clear this very low bar. Any semblance of civilization in South Africa has zero chance with democratic rule. Countries without a base level orientation toward freedom can't be reliant on the masses to vote for freedom.
    137 replies | 2758 view(s)
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    07-24-2017, 04:14 PM
    "Fact checking" has become the new way to spread liberal propaganda. There are a ton of examples but a couple that I can remember off the top of my head. Social Security/Medicare https://www.washingtonpost.com/news/fact-checker/wp/2013/10/23/does-the-united-states-have-128-trillion-in-unfunded-liabilities/?utm_term=.24e3a4946a1f and then this article on NPR totally refutes it but the "fact check" is still up. http://www.npr.org/2011/08/06/139027615/a-national-debt-of-14-trillion-try-211-trillion This one tries to refute that the rise in single parent households was caused by the Great Society. http://www.politifact.com/truth-o-meter/statements/2014/mar/25/facebook-posts/facebook-meme-blames-great-society-large-rise-afri/ It doesn't take anytime to find sources to provided a reasonable view supporting the claim. http://reason.com/archives/1984/12/01/saving-the-poor-from-welfare http://www.heritage.org/welfare/report/how-welfare-undermines-marriage-and-what-do-about-it
    15 replies | 413 view(s)
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    07-24-2017, 10:10 AM
    Over 100 million people were killed by their governments in the name of Communism. Iraq is nothing. Iraq is a rounding error compared to Communism. Just the example of Stalin in Ukraine ends the moral equivalency pretty quickly. That Wikileaks video shows nothing other than war is horrible and should be avoided. Not sure why are you sarcastically using the phrase evil socialists. All socialists are evil. Capitalism is moral. Capitalism sustains life. Socialism not only kills, it takes away person's humanity and dignity.
    29 replies | 1269 view(s)
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    07-23-2017, 08:30 PM
    Detroit is the most dysfunctional place on Earth. I have a friend who lives in Indian Village and was telling me that a few people are buying up large amounts of land because of how cheap the prices are. But if they want to develop the land the city wants to tax the hell of it. You have a situation where the city is getting no revenue and the place looks like Afghanistan. But at the same time, they want to punish private developers (i.e. whitey) if they try to make money through improvements in the city. I thought this was worth watching put together by some libertarians. http://www.landgrabfilm.com/trailer/ To respond to your comment, it is kind of funny how in some neighborhoods every third house has been set on fire at some point.
    16 replies | 360 view(s)
  • Krugminator2's Avatar
    07-23-2017, 02:27 PM
    This seems backwards. Shouldn't the guy be suing this woman for causing him financial distress? She clearly lied about this guy being the only possible father. This guy has had to pay attorneys and take time out of his life. I don't see how he isn't entitled to compensation.
    15 replies | 433 view(s)
  • Krugminator2's Avatar
    07-23-2017, 08:19 AM
    Except that is a legitimate use of force. Throwing tomatoes at people is not okay.
    12 replies | 393 view(s)
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    07-22-2017, 08:43 PM
    Is Verizon ready for a big move? Hmmm.. Probably not, unless you know of a merger that is about to happen. Slow growing companies with 180 billion dollar market caps that are down 15% on the year while the market is up substantially don't make big moves. It is at the low end of a 4 and half year trading range so maybe it pops a few points. Very hard to make a $180 bill co in a mature industry become a $500 bill company.
    6 replies | 242 view(s)
  • Krugminator2's Avatar
    07-22-2017, 02:04 PM
    It turns out surveying of single moms is not the best way to determine if fathers are necessary. https://www.sciencedaily.com/releases/2017/07/170718142938.htm
    24 replies | 479 view(s)
  • Krugminator2's Avatar
    07-22-2017, 11:06 AM
    I think it is a bad idea. But there is a reason many Republicans are okay with it and it supports my point. Both Hayek and Friedman endorsed the idea. I think Friedman was the first person to popularize it in the early 60's in Capitalism and Freedom. The whole idea for the Earned Income Tax that House Republicans and Clinton adopted in the 90's was straight from Friedman.
    5 replies | 268 view(s)
  • Krugminator2's Avatar
    07-22-2017, 09:44 AM
    Of course, education changes policy. FA Hayek and Milton Friedman probably did more than any two people in the 20th Century to steer the world away from socialism. They weren't elected. The ideas Friedman advocated, that countries like China, Chile, Estonia adopted, have created a much better standard of living for hundreds of millions of people. In the US, Keynesianism and New Deal socialism were the dominant thinking until Friedman acted as an intellectual counterweight in the late 70's. The United States in the 80's and 90's were able to at least hold the line against socialism. As bad as things are now, the economic ideas that Friedman pushed are the mainstream thought of hardcore conservatives. For example Republicans stopped minimum wage hikes during the Obama era. Ron Paul exposed and convinced a lot of people of libertarianism that will carry over for a couple of decades.
    5 replies | 268 view(s)
  • Krugminator2's Avatar
    07-20-2017, 03:56 PM
    No. Actually the United States is nothing like Cuba. Having taxation is not remotely the same thing as getting paid $20 a month by the government (which is the average monthly wage of someone in Cuba who doesn't get tips.)
    23 replies | 480 view(s)
  • Krugminator2's Avatar
    07-20-2017, 03:08 PM
    Really?!! Usually I like your contrarian posts. This has to be pure trolling. Cubans have a longer lifespan in the same way animals in a zoo live longer than in the wild. You don't get an option to live in Cuba. You are a slave. You can't create and produce. I would choose to cut 40 years off my life and live in the US vs be relegated to a lifetime in Communist Cuba. And using lifespan is always a terrible way to look at things. Obesity is a bigger problem in the US than starvation. Obesity shortens lifespan just like a higher murder rate and more people fighting in wars. I can promise you health care is much better in the US. A doctor in Cuba makes $67 a month according to the AP. http://www.foxnews.com/world/2014/03/21/cuba-hikes-salaries-for-doctors-nurses-to-as-much-as-67-month.html Think about that. A doctor makes less than $1000 a year. A person on welfare in the United States would be the top wage earner of anyone not working directly in government in the entire country. An actual Cuban doctor who fled says he made $18 a month. http://www.therealcuba.com/?p=1185 There is nothing good to say about Cuba. You can't read what you want in Cuba. You can't leave. You live a pointless life in Cuba. You live the life of a cow. If you are "lucky" you will get treated as a milk cow. If you get out line (like wanting to own your labor), you will be treated as a beef cow.
    23 replies | 480 view(s)
  • Krugminator2's Avatar
    07-18-2017, 05:57 PM
    This is taken right off the Black Lives Matter .org site. https://policy.m4bl.org/platform/ Just noticed how demented they are. Entire Economic Agenda
    2 replies | 182 view(s)
  • Krugminator2's Avatar
    07-18-2017, 02:28 PM
    I always judge based on the alternatives not my ideal. If something can never be implemented politically and is not workable practice there is no point in holding that as a standard. I am not comparing Reagan to Rand. Despite what imbeciles say, Rand is a radical libertarian. Rand would be much more libertarian as President than Reagan but he isn't going to be President. Rand is an extreme outlier just to be in the Senate. I compare Reagan to the people who preceded him (Carter, Ford, Nixon, LBJ). Reagan was the best President since Coolidge and there hasn't been someone better since.
    22 replies | 932 view(s)
  • Krugminator2's Avatar
    07-18-2017, 10:57 AM
    Reagan didn't make cutting spending his number one priority. It was a big priority though. He vetoed numerous budgets. The Democrats shut government down three times under Reagan and had eight times where the government had a funding gap because they couldn't agree on a bill. https://en.wikipedia.org/wiki/Government_shutdown_in_the_United_States#List_of_federal_funding_gaps Also Repubs voted with Dems to override Reagan's veto at least once. http://www.cnn.com/ALLPOLITICS/1997/09/22/back.time/ Also of note, Reagan had the most vetoes of any President from Kennedy to Trump. https://www.senate.gov/reference/Legislation/Vetoes/vetoCounts.htm
    22 replies | 932 view(s)
  • Krugminator2's Avatar
    07-18-2017, 07:10 AM
    Reagan wasn't great on guns. Neither was Ayn Rand. http://sellingthesecondamendment.com/ayn-rands-complicated-views-on-guns/ I don't agree with either of them. So what? It is important to look at the entire body of work. Most libertarians are for some form of amnesty. Reagan flattened the tax more than literally any President. He took the top tax rate from 70% to 28%. I have no idea what this guy is talking about. Reagan did raise taxes numerous times- after a massive cut and still a net reduction. I don't support tax loopholes either. I agree with that Reagan quote. Mises had a quote about this back when to rates were 90% that people take as gospel. A flat no deduction tax is the best answer. Eliminating federal departments and nominating good judges is hard with a Democratic legislature. Reagan found that out with Robert Bork. Reagan handled Lebanon correctly. I guess Rockwell is publishing neocons now. Reagan was pro-choice as Governor- just like I am pro-choice and most libertarians are pro-choice.
    22 replies | 932 view(s)
  • Krugminator2's Avatar
    07-17-2017, 08:36 PM
    Yeah. He got nothing right in that article. Reagan not only didn't get booted out, he won 49 states. Reagan did lower income taxes on balance. Reagan lived in the real world. He dealt successfully with a Democratic legislature. And Reagan wasn't relegated to irrelevancy. He was the best modern President. Not perfect. Not libertarian. Indisputably the best. For all of Rothbard's talk of inflation, last time I checked, Reagan was the person who willingly took the political hit to end high inflation. Reagan opened up communication with the Russians. Jimmy Carter's administration basically cutoff all diplomacy. Reagan's administration started the negotiations for a nuclear arms reduction that was put into place right after he left office that is still in place today. Rothbard demonizes pointless shit and often doesn't give credit when it is due. Rothbard is a dishonest debater on not just this issue but numerous issues. Reagan didn't live in Murray Rothbard's clown world where LBJ is a better choice than Barry Goldwater (which is so idiotic that citing anything Rothbard says about politics is ridiculous), where Che Guevara is just swell, Adam Smith was a fraud and Milton Friedman was a demon statist sent by the "establishment" to wreck libertarian.
    22 replies | 932 view(s)
  • Krugminator2's Avatar
    07-17-2017, 02:34 PM
    Ronald Reagan had the political courage to end inflation which no one else did in the previous 10 years. The combination of a regulatory freeze, stable dollar, and tax cuts set up 20 years of prosperity and return of US business. He got the US involved in very few foreign interventions. When he was elected, the Iranians immediately started negotiating with Carter to send the hostages because they knew Reagan was getting things done no matter what. He stood up to the Air Traffic Controllers and fired them which put the Russians on notice that they weren't dealing with a pussy like Jimmy Carter. Reagan's military intervention with US troops was minimal. As governor of California, he beat back the hippies and domestic terrorists who were taking over colleges. Ronald Reagan was one of the great leaders in world history. He was not the enemy of humanity.
    22 replies | 932 view(s)
  • Krugminator2's Avatar
    07-16-2017, 07:29 PM
    You could renounce your US citizenship and become a citizen of Singapore. That's the only country I have ever heard that trading income isn't taxed. I'm guessing it is not easy to become a citizen of Singapore. Trading is already not taxed at as high of rate in the United States as most other jobs. If you are trading for yourself, you don't pay FICA on trading income. If you are so successful trading, my guess is you will have no trouble finding advice on minimizing taxes. I am not a tax advisor, but you can basically get your tax rate to around 16-17% if you are very successful trader. You can set yourself up as an S corp pay yourself 100k as a wge. You can defer 40 of that 100k into a Solo 401k. You can deduct your health insurance. Then any income over 100k is passed through the business and paid as a dividend which is taxed at the dividend rate of 15%. Seems like that's a better idea than renouncing your citizenship and moving to Timbuktu.
    21 replies | 1159 view(s)
  • Krugminator2's Avatar
    07-15-2017, 08:52 PM
    Ron Paul's most notable donor had a similar idea to let goats roam in Detroit. The Detroit City Council preferred Detroit be a mess. https://dealbook.nytimes.com/2014/06/09/detroit-sends-hedge-fund-manager-and-his-goats-packing/
    18 replies | 462 view(s)
  • Krugminator2's Avatar
    07-15-2017, 07:14 PM
    "Tricare's rules for plastic surgery are very cut and dry. They will pay for it if it is deemed "medically necessary." That's it." http://www.military.com/spouse/military-benefits/questions-benefits-how-do-i-get-my-free-military-plastic-surgery.html That seems to go along with what Amash said in other Tweets. This is such a very small issue, but there is never a medically necessary need to change genders imo. It is a weird vote for Amash to make, not the end of the world. I do have to say it bothers me quite a bit that taxpayers paid for Manning's surgery.
    10 replies | 312 view(s)
  • Krugminator2's Avatar
    07-15-2017, 02:40 PM
    Not posting this in his subforum. Still one of the all time greats. He seems to be getting a little too Gary Johnsony for comfort on some of these cultural issues. Kind of hard to see how this vote is justified politically or on principle. http://dailycaller.com/2017/07/14/these-are-the-24-republicans-who-think-the-pentagon-should-pay-for-transgender-surgeries/ "The House of Representatives voted down a Republican proposal to ban the Pentagon from paying for gender-transition surgeries after 24 GOP congressmen crossed party lines to join the Democratic side. 'By recruiting and allowing transgender individuals to serve in our military we are subjecting taxpayers to high medical costs including up to $130,000 per transition surgery, lifetime hormone treatments, and additional surgeries to address the high percentage of individuals who experience complications.' These are the 24 Republicans who voted against the legislation that would have removed funding for transgender military membersí medical costs: ..... Michigan Rep. Justin Amash"
    10 replies | 312 view(s)
  • Krugminator2's Avatar
    07-13-2017, 10:38 PM
    Lee Kuan Yew was not really democratically elected. He won power then never relinquished. He put people who tried to stand up to him in prison and had no freedom of the press. I basically agree with your first post for the US. I am for a republic where voting is restricted to only those who pay income tax and don't get a government check. South Africa is a different case. As a practical matter, there is no chance the blacks in that country would give up there right to vote. Mandela is lionized. They love their democracy. The majority of people in the country have no appreciation for capitalism. They need someone to force it on them and then see the benefits and can ultimately transition to democracy. Otherwise people are going to continue to live short brutal lives there. The right dictator might be brutal but the cost will be worth it even for people living there now.
    137 replies | 2758 view(s)
  • Krugminator2's Avatar
    07-13-2017, 10:10 PM
    https://en.wikipedia.org/wiki/Lee_Kuan_Yew Not currently holding office but recent.
    137 replies | 2758 view(s)
  • Krugminator2's Avatar
    07-13-2017, 09:54 PM
    I have come to the conclusion that there is almost no point in talking politics to leftists. I enjoy it because it is so easy to refute EVERYTHING they say with logic and it's fun watching people get red faced. But every answer has something to do with racism, caring, not being able to understand because you aren't a member of some victim class, etc. There is nothing you can say to change their mind because their views are always based on sensibilities and feelings vs principles. Liberals are hateful people that will hate you for having differing views. They will think you are morally depraved for not wanting to run someone else's life the way they do. Going through life a libertarian will basically be a constant reminder of how unthoughtful everyone else is about politics. And yet people always have strong opinions no matter how brain-dead they are.
    20 replies | 391 view(s)
  • Krugminator2's Avatar
    07-13-2017, 08:30 PM
    Actually those seem like almost identical cities based on the demographics you provided. And given that they are subject to the same health codes, it seems like an almost ideal comparison.
    6 replies | 305 view(s)
  • Krugminator2's Avatar
    07-13-2017, 08:10 PM
    "Our findings are consistent while using an alternate control group Ė Bellevue City, King County, located near Seattle."
    6 replies | 305 view(s)
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