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| Saturday, February 2, 2008 |
| Sunday, June 5, 2011 12:12:21 AM |
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Volume may satisfy the primal instinct of safety in numbers but................You transact in PRICE. And stemming from cogitive dissonance, you'd only be considering the volume on one side of the equation.
An ETF is a basket with a specialist, yet the components of the basket EACH have a respective speclialist (who may have a a different inventory agenda at that point in time).
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The only sure "things" in life are death and taxes.
Governments throughout the ages have had an insaitiable appetite for "capital"
This has to be confiscated from the masses in one form or another. My ancestors on one side had to contend with cossacks. Hmmm, might have been in part, a catalyst to migrate to the US.
Any type of tax simplification would put a myriad of accountants out of work (as well as eliminating loopholes) . Won't happen. Accelerated depreciation is needed to spur capital investment. Requires "complexity".
As for simplification, for the masses, tax preparation, ie W-2 and little more, is reasonably simple. Yet we have H& R Block and Jackson Hewett, etc. And the fee income from rapid refunds should reflection the stupidity of the masses. The concept of the time value of money is apparently elusive, or........................we have millions that live hand to mouth. Next tier higher has little more than $5,000 liquid (and the equity in their homes and perhaps a modest 401-K).
As for constitutionality, a platitude. With the exception of the Civl War, there were no income taxes imposed until 1913. Coincidently the same year as the establishment of of the Federal Reserve system.
Witholding was implemented in 1943 as a temporary wartime measure. Temporary now stands at 65 years.
For masses, the over-payment of taxes, and in turn the annual refund season, is often there only form of "savings".
Yes, we're all tired of not just the BS paperwork, but more importantly writing out a check four times a year. You have to look at it as the price for success or cost of doing business the refrain from pondering how it's spent.
All in all, little or nothing is going to conceptually change. Hence no point to the thread
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