“Really? If you die today, the first $5,340,000 is free from the Estate Tax. Less than 1% of deaths (closer to 0.5%) result in *any* federal Estate Taxes. You are really worried about this? After the exclusion AND deductions the Estate Tax is graduated. It starts at 18% to a maximum of 40%.
If you really want to provide for your family - buy them top education. Buy life insurance - it isn't taxable upon payout.
Death Taxes was a marketing campaign by the ultra 1%. Very few of us blogging here are in that economic class or EVER will be. Those that ARE in that economic class PAY to have articles written.”
“And if LA does not build a new custom stadium for Steve Balmer at taxpayer expense - it will be the Seattle Clippers, I mean the Supersonics. It will take a few years of "negotiation in good faith", but the pattern was set with the Oklahoma City Thunder.”
Imaliberal67 on May 30, 2014 at 12:59:27
“Good, they never deserved to be in LA anyway. It's sort of like a team owner thinking it's a good idea to compete with the Celtics in their backyard. I'm a Lakers fan and I hate, but respect, the Celtics. I have pure loathing for the Clippers.”
“"Capital in the Twenty-First Century" is a *must* read. People are focusing on one particular conclusion. There is so *much* more.
Where did inflation come from? What is a typical economic growth rate? How much from real estate? how much from business? How much from labor? What determines the split between labor and capital? Is that split relatively constant over time? What growth rate ranges should we expect going forward?”
“"81%!!! How much does the federal government claim in your state?"
Not enough in my State - which was also bought by the Federal Government. We need more public land in my State, not less. My State's land was purchased from France. Bundy's from Mexico - at the point of a gun.
The land in these 2 States was bought by the NATION, not the State it became.
We need more natural spaces to preserve watersheds, provide recreation, wild life - to save the eco systems that we all ultimately depend.”
DenverRight on Apr 25, 2014 at 15:01:08
“The Louisiana Purchase was bought by the nation, but how much of it remains federal land?
Florida was purchased by the nation, but how much remains federal land? 13%
California was purchased by the nation, but how much remained federal land? 47%
How can ANY state operate effectively when 81% of the land is excluded from its control? No other state comes CLOSE to the federal hegemony over Nevada - Utah is next at 66%.
"We need more natural spaces to preserve watersheds, provide recreation, wild life - to save the eco systems that we all ultimately depend. "
Separate question - ever heard of state parks and state wildlife refuges?”
“The standard needs to be impairment, not detection of related chemicals. The concentration of active chemical which produces similar impairment to 0.08% blood alcohol in 80% of the population would be a great place to start.
Be aware that one can be significantly impaired by mixing alcohol plus Marijuana. Another standard needs to be developed for mixed use.”
Herb Grinder on Apr 24, 2014 at 15:42:27
“No we don't need more "one size fits all" per se regulations. If a cop see's someone driving erraticly they should pull them over and do a Field sobriety test,if they flunk the test book'em.”
Ed Corey on Apr 24, 2014 at 15:25:34
“Trust me if you are using both and cop cannot tell if your impaired or not he needs to get off the force”
“Look around you SteveM. It exists. I have worked for several software Start-Ups. I suspect that you have had that experience.
The difference is that in Start-Ups, Labor gets a piece of the win. It changes the entire work environment. Stock options, stock grants, and employee stock purchase plans help align Labor with Ownership.”
The US financial industry needs better regulation. Did you know that during the 2007-2008-2009 disaster NO Canadian Banks failed? Ditto for the Great Depression. Regulation does work.
I think that we need to re-establish defined benefit pension systems. Even though I was able to do well by saving "like mad" with 401K programs - a defined benefit (even if it was a little less) would have been preferred by me.
Considering that people don't keep the same employer for very long (caused by both parties) - a replacement defined benefit program needs to be:
- portable across employers
- compulsory contributions by both employer and employee
- insured against catastrophic loss
- unavailable to bankruptcy courts
- portable across marriage(s)
I believe that we need to return to defined benefit pension systems. While it is possible to do better with a 401K system than a defined benefit system - most won't.”
“I quit working in 2006 at age 54. I thought I had enough saved.
A year and a half later the economic meltdown happened. I figure I lost at least 35% - ON PAPER. I was worried. There was no way I would be able to go back into the computer software industry. I was already *way* too old at 54. I cut spending. I only used money in cash equivalent accounts.
Last summer I did another inventory. Not only did I regain everything lost - I had a substantial gain. I essentially lived for 7 years for "free".
My recommendation - make sure that a few years of spending are available as cash equivalents. Make sure that you do not sell many securities when their value is depressed.
On the saving side, the variations in securities HELPS. On the retirement side, it HURTS.
Had I cashed securities during the economic disaster - I would be in a *far* worse position today.”
“Mike Lee, You already have a replacement for ObamaCare: RomneyCare. Just run on that in 2014.”
CynAnne on Apr 8, 2014 at 19:54:03
In fact, if republicans had really been as smart they they've claimed to be, they'd have embraced what they created, long ago.
Read for yourselves, my fellow HPers...
"The 'Heritage Foundation' did put forward the idea of an individual mandate, which predated 'HillaryCare' by several years."
"We know this...because we were there: In 1988-1990, we were employed at Heritage as a public relations associate (a junior writer and editor), and we wrote at least one press release for a publication touting Heritage’s plan for comprehensive legislation to provide universal 'quality, affordable health care'.”
“I know a couple people at the last place that I worked who stayed *only* for health insurance. They had pre-existing conditions. They were enslaved to employment by a big company until age 65 - even though they had earned and saved enough money to retire. They needed to be on a group plan or on Medicare.
These successful Software Engineers can *now* retire, or, start their own business - even if they have pre-existing conditions. ObamaCare is Freedom. Freedom from working for someone ELSE just for health insurance.”
“"Chromecast artificially limits you to just subscription services like Netflix."
Not true. Open a Chrome browser window. [control] o: lets you browse your file system. Select a music or video file. It starts to play in Chrome. Click the ChromeCast button and select your ChromeCast device - and it plays on your ChromeCast enhanced TV in a few seconds.”
“What was the experience with Massachusetts? ObamaCare and RomneyCare have the same design and the same architects.
I would expect that the young and health will not sign up until very near deadline for the tax - March 31. And if they do not sign up then the tax for not buying is too low. It escalates in a couple years.”
lamar5292 on Nov 15, 2013 at 09:49:45
“Many young people under 26 are covered under their parents insurance thanks to the ACA so these articles are a load of crap because they never tell people about that and make a big deal of the low numbers on the ACA.”
Celeste399 on Nov 15, 2013 at 09:36:47
“In Mass only people who had no healthcare at all or were unemployed or poor had to sign up but most were already covered. They did say that many didn't sign up until the very end of the time they had to enroll. But now the President has pushed that time back so no one will bother to sign up until they absolutely have to. I think he hurt his own plan by doing that. I hope I'm wrong. Oh and the fine for not having it was over 900. here. It didn't start that high but it went up to that last time I checked which was a couple of years ago.”