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Oh this is a good one, then please explain to me how FED does QE without printing money. I will be eagerly waiting for this one.:rolleyes:
LOL, I didn't say high land value led to good public service and infrastructure, I said the current Hong Kong model is very dependent on the land...
Again, the income tax number I am referring to does include cap gain and dividend taxes, that is what I was talking about all along. Then again...
err, its a city on an island where land is very limited, again its a CITY not a country.
Hong Kong's infrastructure and public programs are also very much dependent on the ultra high land value. Not a model you can replicate elsewhere.
The numbers do include cap gain and dividend taxes, I agree the biggest tax break is not cutting the top bracket from 39 to 35, but rather the 15%...
Actually for income taxes, top 1% pays 23%, while the middle class pays between 7% to 12%. http://www.taxfoundation.org/taxdata/show/250.html#Data
If you look at the actual numbers, the top 1% has an average tax rate of 23% (in 2008). If most of his income is w-2 which is taxed at a higher...
So instead of stating the facts, now we are making up "reasonable" numbers :confused:
Actually there is very little in common between billionaires and two doctors making 500k w-2 income living in the city. Not nitpicking, they are...
err, you know 400 richest Americans are not the same as top 1% right, or do you just like to make stuff up?
Oil down to 76, almost tempting :eek:
You are picking from a list of crappy choices for the least crapy one. We will see if the yield keeps going down, 10 yr is at 2.3%, how much...
Where did you get the 18% from? That doesn't sound right.:confused:
Heh, TBT below 30 and going lower?
Of course you probably should also include all the personal income taxes Gates and the 10's of thousands of Microsoft employees paid. :confused:
Not saying the rating agencies are doing a fine job. But having access to information and actually understanding them are two completely...
Until you come up with an legit alternative system, it really doesn't matter how much they f*ed up leading up the crisis. Nothing really has changed.
You mean Fed has hundreds of billions of cash sitting in its accounts for the purpose of quantitative easing? :confused: Well it doesn't, those...
hmm, when the fed expands its balance sheet, it is creating money (printing money).
