swag

L'autista
Administrator
Sep 23, 2003
84,776
As Yakov Smirnov would say, "In Russia, television watch YOU!"

OK, now that I crammed many of today's lessons in one sentence, let me break it down.

In North Korea, there are television monitors placed throughout public spaces and homes that you simply cannot turn off. It's part of the totalitarian state there. So when you say "You are on television here", I had the mental image of citizens being watched by cameras everywhere, broadcast on your television which you cannot turn off.
 

Bezzy

The Bookie Queen
Jun 5, 2010
20,827
As Yakov Smirnov would say, "In Russia, television watch YOU!"

OK, now that I crammed many of today's lessons in one sentence, let me break it down.

In North Korea, there are television monitors placed throughout public spaces and homes that you simply cannot turn off. It's part of the totalitarian state there. So when you say "You are on television here", I had the mental image of citizens being watched by cameras everywhere, broadcast on your television which you cannot turn off.
:lol:
sounds really :scared: to live in such country
 

Bjerknes

"Top Economist"
Mar 16, 2004
116,119
Ahh, good ole capital gains and losses on a tax return.
Capital gains taxes are rubbish. I'm risking my own capital to buy securities, paying my broker trade fees, and adding liquidity to the system in doing so. If the government wants to prop up the stock market, get rid of this nonsense and reinstall Glass-Steagall.
 

swag

L'autista
Administrator
Sep 23, 2003
84,776
Capital gains taxes are rubbish. I'm risking my own capital to buy securities, paying my broker trade fees, and adding liquidity to the system in doing so. If the government wants to prop up the stock market, get rid of this nonsense and reinstall Glass-Steagall.
By why should usury be treated unlike any other form of income? If I work in a factory and earn a $10,000 paycheck, I get taxed. If I wrote a book last year and earn a $10,000 royalty check, I get taxed. If I earn a patent a few years ago and earn $10,000 in licensing rights in a given year, I get taxed. If I buy land rights and earn $10k for extracting the oil from it, I get taxed. But if I put $10k into the system and earn back $20k, it's hands off?
 

.zero

★ ★ ★
Aug 8, 2006
82,896
By why should usury be treated unlike any other form of income? If I work in a factory and earn a $10,000 paycheck, I get taxed. If I wrote a book last year and earn a $10,000 royalty check, I get taxed. If I earn a patent a few years ago and earn $10,000 in licensing rights in a given year, I get taxed. If I buy land rights and earn $10k for extracting the oil from it, I get taxed. But if I put $10k into the system and earn back $20k, it's hands off?
Wesley Snipes thought so
 

Bjerknes

"Top Economist"
Mar 16, 2004
116,119
By why should usury be treated unlike any other form of income? If I work in a factory and earn a $10,000 paycheck, I get taxed. If I wrote a book last year and earn a $10,000 royalty check, I get taxed. If I earn a patent a few years ago and earn $10,000 in licensing rights in a given year, I get taxed. If I buy land rights and earn $10k for extracting the oil from it, I get taxed. But if I put $10k into the system and earn back $20k, it's hands off?
That's the thing, when you write a book, clock-in at a shoe factory, or code for an internet company, the only thing you're risking is your time. If you're in the market you are risking your own capital... capital that was probably earned and taxed beforehand anyway. So what's the point in buying shares of a company when either way you're going to lose money.

I mean, this is all ridiculous. GE didn't pay a dime in federal taxes in 2010 yet I have to pay a capital gains tax. It's garbage.
 

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