• Krugminator2's Avatar
    Yesterday, 06:08 PM
    Anarchy would lead to a similar amount of freedom people had in the Soviet Union, which is to say no freedom. The government is like a sports league. You need somebody to set up the playing field and rules and someone to enforce the rules. Once that is taken care of, then people are free to do as they please as long as they operate within the playing field. The United States is wealthy because we have a fairly strong rule of law and enforced fairly (at least in the context of world history). Predictable rules and institutions creates trust among strangers which lowers the cost of doing business. Anarchy would lead to jungle rule where trust declines and brains are replaced by who is strongest physically. People bitch about this country but 2017 in the United States is still the best time and place to be alive in world history.
    15 replies | 194 view(s)
  • Krugminator2's Avatar
    Yesterday, 02:52 PM
    It's amusing to me that if one person leaves a state it blows a hole in the state's budget. And yet, they will continue to talk about fair share. California has a small group of super rich people in Silicon Valley that pay a huge percentage of the taxes. If you get a slow down in that industry and the stock market drops far enough where they won't collect capital gains taxes for a few years, the state is screwed. The economy is doing well right now and are still have huge problems. The stock market has boomed and their pensions are underfunded by infinity.
    7 replies | 189 view(s)
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    09-17-2017, 11:25 AM
    The next time the stock market corrects 20-50%, the loss of capital gains revenue is going to really show how bad of shape blue states are in fiscally. It is interesting reading about Democratic lawmakers offer special tax breaks to the highest income earners so that they won't leave their states. https://www.nytimes.com/2016/05/01/business/one-top-taxpayer-moved-and-new-jersey-shuddered.html?mcubz=1 California has the highest poverty rate in the nation when you account for cost of living. They have huge structural problems but are worried about global warming and allowing the homeless to defecate in the streets. http://www.investors.com/news/economy/california-still-dreaming-but-wholl-pay-for-it-all
    7 replies | 189 view(s)
  • Krugminator2's Avatar
    09-16-2017, 09:28 PM
    How insane is it that killing a police dog that is killing you sends you to prison. Yet police can shoot a dog for almost no reason. Apparently it is almost impossible to sue if you suffer injuries, even if you are wrongly attacked. It is also amazing that police can so easily lie about what happened and what provoked the attack. https://www.thesun.co.uk/news/4464088/traveller-attacked-police-dog-video-birmingham/ http://nypost.com/2015/04/11/police-dog-attacks-suspect-in-new-jersey-man-dies-shortly-after/ http://www.slate.com/blogs/the_slatest/2017/03/10/appeals_court_rules_homeless_man_cannot_sue_cop_who_let_police_dog_maul.html
    4 replies | 109 view(s)
  • Krugminator2's Avatar
    09-16-2017, 02:10 PM
    What is the joke behind that? Why do you have a Che avatar? Obviously Che is the worst of the worst.
    27 replies | 567 view(s)
  • Krugminator2's Avatar
    09-15-2017, 07:07 PM
    "Hurricane Irma May Make Orange Juice Unaffordable and Destroy Your Grocery Bill" Ummm... These articles are why no one should read financial media. I mean. Orange juice is 33% lower today, after the hurricane, than it was 9 months ago. Were people just starving last November because of high orange juice prices? Orange juice is 9 dollars higher after it dropped 90 dollars.
    22 replies | 330 view(s)
  • Krugminator2's Avatar
    09-13-2017, 04:17 PM
    I am big fan of keto. I have been doing it for the last few months combined with intermittent fasting. A 600 calorie diet (no matter what you eat) is basically fasting and it going to have a similar effect as a low carb diet. You are going to be burning fat for fuel most of the time instead of burning through glucose. Fasting and a low carb diet are basically two sides of the same coin. I am usually skeptical of random doctors making claims but this book is amazing. https://www.amazon.com/dp/B01C6D0LCK/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
    11 replies | 274 view(s)
  • Krugminator2's Avatar
    09-13-2017, 02:08 PM
    The tax cuts and shrinking government of the 1920's worked. They were the Roaring 20's. The credit build up of the late 1920's is not what caused to the Great Depression. We didn't have a Great Depression in 1987 or 2000 or even 2008. Loose monetary policy at the end of the 20's and then extremely tight policy were the main causes. It was completely avoidable. The money supply contracted by a third, so that made it impossible for a lot of people to service debts. Hoover had very similar policies to FDR. He raised taxes, doubled spending in real terms, and enacted Smoot Hawley Tariff. He did massive public works projects. What do you think the HOOVER DAM was? FDR's campaign in 1932 actually ran against Hoover being a socialist and called him a socialist on numerous occasions. The unemployment rate was 19% in 1938. That doesn't sound like success to me. That was 8 years after the start of the Depression. The New Deal was a massive failure. The Depression started in 1930. Unemployment isn't permanently high. It started going down under Hoover the continued then same slow trend under FDR.
    9 replies | 237 view(s)
  • Krugminator2's Avatar
    09-12-2017, 05:46 PM
    It isn't as blatantly obvious as people are making it out to be. http://openinsider.com/search?q=efx I wouldn't be surprised if the breech factored into their decision but I don't see anyway it could be proven. 3 people sold shares and all three had been selling previously. The CFO sold 14,000 shares in May then 6500 three days after the breech was discovered. Usually there are set windows for people to sell. 3 people had sold on the same date in August but 6 had sold on the same day in March. One of those people has been exercising options frequently going back to 2014. I count 5 insider sales from the third person.
    27 replies | 876 view(s)
  • Krugminator2's Avatar
    09-11-2017, 09:57 PM
    The programs of the New Deal are not only all still in existence but have been greatly expanded upon. At the height of the New Deal the Federal government not only spent MUCH MUCH MUCH less per person in inflation adjusted dollars, they also spent 60% less as a share of an already depressed GDP in the Depression. The federal gov't spent 10% of GDP compared to the low 20's today. Government has grown dramatically. The United States is closer to socialism than capitalism at this point. A good starting point would be to cut government by 30% immediately and then figure out how to cut more after that.
    8 replies | 462 view(s)
  • Krugminator2's Avatar
    09-09-2017, 11:22 PM
    If that were true, Warren Buffett wouldn't have a job.
    57 replies | 952 view(s)
  • Krugminator2's Avatar
    09-09-2017, 09:29 PM
    I think Trump's presence, and a part of that is height, is a big reason he is President. A 5'6" Trump would be thought of as Joe Pesci. As far as Rand, radical libertarians are not going to win, but neither is somone who is 5'7". I don't think the income differences are a market failure. I see it as 80% responding to market preferences and 20% as market inefficiency to exploit.
    57 replies | 952 view(s)
  • Krugminator2's Avatar
    09-09-2017, 07:39 PM
    As a 5'7" male, I'll take up the banner. Markets are irrational about a lot of things. I would not be surprised if someone did an empirical test of business leaders and showed a systematic mispricing of shorter people that could be exploited. In fact, it is almost a certainty. A black woman has a higher average income than a very short man. That can't be because of IQ differences. I think higher paying sales and management jobs skew toward tall people. Part of the reason Jack Welch is so memorable is because of height. Executives and scouts in baseball for a century had all sorts of misconceptions about what made a good player. Until Billy Beane, GMs systematically mispriced players based on things like a "bad body". I played college golf and ended up in a good spot. But I think being shorter kicked me down a few notches in recruiting relative to how I looked on paper and I think some people I competed against were elevated because they had the right look. I think people in business overvalue superficial things like height, looks and personality and undervalue principles and having a laser focus of a business. Rand Paul probably could not be President just on his height alone. Milton Friedman was 5'2". It is insane that a brilliant person, who was also a great salesman and communicator, could never President because of something as irrational as height. All of that said, I doubt the mispricing is really a major mispricing. I think it is mostly responding to consumer preferences.
    57 replies | 952 view(s)
  • Krugminator2's Avatar
    09-08-2017, 03:24 PM
    Believe it or not: Karl Marx is making a comebackIt's true. The "Communist Manifesto" co-author has gotten a second life — and he has some advice for progressives http://www.salon.com/2014/06/22/believe_it_or_not_karl_marx_is_making_a_comeback/ "These days, the American dream is more apt to be realized in South America, in places such as Ecuador, Venezuela and Argentina, where incomes are actually more equal today than they are in the land of Horatio Alger. Who's the banana republic now?" Bernie Sanders in 2011 https://www.sanders.senate.gov/newsroom/must-read/close-the-gaps-disparities-that-threaten-america It is funny that non-existent Nazis are all the media talks about but a guy who praises the Communist Sandanistas in Nicarauga and gushed over Cuba, wins 23 states and is seen as perfectly normal.
    19 replies | 2546 view(s)
  • Krugminator2's Avatar
    09-07-2017, 10:16 PM
    Probably worth buying Symantec for a pop. They are the parent company of Lifelock.
    27 replies | 876 view(s)
  • Krugminator2's Avatar
    09-07-2017, 07:07 PM
    I never thought I would enjoy something more than watching the hippies get water cannoned protesting that Dakota Pipeline. Watching people drive through protesters tops it though. These are great. All completely legal. You have the right to defend yourself against a mob.
    483 replies | 12292 view(s)
  • Krugminator2's Avatar
    09-06-2017, 05:27 PM
    I would say it is morally justifiable if it makes the country freer. If I lived in Mexico I would welcome the United States taking the country over. Once it is understood to be moral, I think it becomes a cost/benefit analysis. edit: What is funny is I just skimmed the answers and didn't read the original post and it says almost the exact same thing I just said.
    40 replies | 774 view(s)
  • Krugminator2's Avatar
    09-05-2017, 05:09 PM
    https://www.nbcnews.com/health/cancer/debt-bankruptcy-are-rewards-cancer-survivors-n490896 "One third of working-age cancer survivors go into debt, and 3 percent file for bankruptcy, according to a new study." 3% of people not on Medicare file bankruptcy from cancer and I would assume most of those people are uninsured.
    43 replies | 1008 view(s)
  • Krugminator2's Avatar
    09-04-2017, 06:08 PM
    Really? I would be very surprised if it is most, but it does look like it happens. I'm reading my plan right now. I am trying to figure out what wouldn't be covered. It seems like it shouldn't be a problem but am curious what would add to the bills. Radiation Therapy Covered in full after deductible for radiation therapy in an inpatient or outpatient facility setting
    43 replies | 1008 view(s)
  • Krugminator2's Avatar
    09-04-2017, 05:24 PM
    If the market isn't going down on news of a potential nuclear war, perhaps that is telling you something. You gave me an excuse to rewatch this. http://documentaryvine.com/video/trader-the-documentary/ password is view watch the 10:00 mark for a possible answer.
    36 replies | 2604 view(s)
  • Krugminator2's Avatar
    09-04-2017, 09:51 AM
    You realize Congress does get insurance through the Obamacare exchanges now, right? The caps are going to be the same only the deductibles may or may not be different. Congress actually has worse coverage than Medicare as noted by the efforts of Senators Paul and Lee a few years back. http://thehill.com/policy/healthcare/216303-gop-medicare-bill-would-enroll-seniors-into-lawmakers-plans
    43 replies | 1008 view(s)
  • Krugminator2's Avatar
    09-04-2017, 09:34 AM
    No thanks. I prefer not to go bankrupt if I get cancer or have some sort of accident. I would rather (unhappily) pay a few thousand more a year.
    43 replies | 1008 view(s)
  • Krugminator2's Avatar
    09-04-2017, 08:23 AM
    https://finance.yahoo.com/news/millions-buy-health-insurance-brace-sharp-increases-075055785--finance.html On this Labor Day, I'm looking forward to another year of "paying my fair share."
    43 replies | 1008 view(s)
  • Krugminator2's Avatar
    09-02-2017, 06:44 PM
    Disgusting. Heroes like Christopher Columbus are vilified and a bunch of Indians are celebrated for just existing. I guess desecrating anything Columbus is the thing to do now. https://www.aol.com/article/news/2017/08/30/christopher-columbus-statue-destroyed-in-new-york-park/23190778/
    34 replies | 600 view(s)
  • Krugminator2's Avatar
    09-01-2017, 08:50 AM
    Whether that sentence is a factual statement or not, that sentence specifically does mean he has cut regs. He actually doesn't mean slowing the growth. Apology accepted. And here is an itemization of regs that were cut as of June. https://www.americanactionforum.org/insight/tracking-regulatory-modernization-trump-administration/ The number is a net cut of $21.5 billion.
    32 replies | 608 view(s)
  • Krugminator2's Avatar
    09-01-2017, 07:23 AM
    Trump is terrible but at least criticize him for things that he should be criticized. Just because you aren't paying attention doesn't mean he hasn't. For example, http://www.politico.com/interactives/2017/trump-war-on-regulations/ http://www.slate.com/articles/health_and_science/science/2017/07/pruitt_s_deregulations_won_t_hold_up_in_court.html http://www.washingtonexaminer.com/trump-delivering-biggest-cut-in-regulations-since-reagan/article/2625451 Or cutting federal gov't workers by 11k and cutting salaries below the rate of inflation.
    32 replies | 608 view(s)
  • Krugminator2's Avatar
    09-01-2017, 07:16 AM
    FWIW, he couldn't reverse the executive. The Senate vote was 98-2 to prevent him doing as such.
    32 replies | 608 view(s)
  • Krugminator2's Avatar
    08-30-2017, 07:15 AM
    Average 1 year return is 19.8% after that has happened. https://lplresearch.com/2017/08/29/the-sp-500-hasnt-done-this-for-50-weeks/
    0 replies | 118 view(s)
  • Krugminator2's Avatar
    08-27-2017, 09:46 AM
    http://www.businessinsider.com/mayweather-mcgregor-casinos-impact-2017-8 "No one was happier with Floyd Mayweather's win over Conor McGregor than Las Vegas sportsbooks" "Kornegay added that it was "Most likely" the most profitable fight ever for Westgate in a comment to Business Insider."
    40 replies | 872 view(s)
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