MarkR’s Activity

Yesterday

NL

Boards Post

MarkR replied to the Macro Economic Trends and Risks board. 5:47 PM

Re: Abolish MinWage for Gauranteed Basic Income?

What new government programs had to be created for guy who blew his EITC check?

I think it was you who claimed that the GBI concept will include elimination of all those government programs.

[more]

NL

Boards Post

MarkR replied to the Macro Economic Trends and Risks board. 2:47 PM

Re: Abolish MinWage for Gauranteed Basic Income?

"Any income could be wasted the way you're suggesting."

Not true! Section 8 housing money is paid directly to the landlord. So it can't be wasted by irresponsibility and the family still has a place to sleep. Food stamp [more]

NL

Boards Post

MarkR replied to the Macro Economic Trends and Risks board. 10:55 AM

Re: Abolish MinWage for Gauranteed Basic Income?

Then you take away everything designed to directly prevent poverty. The EITC, unemployment insurance, food stamps, Section 8 housing, presumably the minimum wage, on and on.

And which new government programs would have to be created [more]

Sun May 22

NL

Boards Post

MarkR replied to the Macro Economic Trends and Risks board. 4:03 PM

Re: Be careful what you ask for.

n prehistoric times, I am pretty sure most of the childbearing occurred while both parents were young.

Seems to me that generally childrearing occurs about 1/3 into ones life. And that applies in prehistoric times through now times. [more]

NL

Boards Post

MarkR replied to the Macro Economic Trends and Risks board. 3:19 PM

Re: Making Minimum Wage

What happens to our little business? They can't afford to stay in business with those wages.

It's even worse than you think. What about the loyal employee that worked there for 6 years and is earning 10.05/hr? Suddenly the new [more]

NL

Boards Post

MarkR replied to the Macro Economic Trends and Risks board. 3:08 PM

Re: Venezuela 21MAY16

I wonder what the macro effects will be when Venezuela fails. I'm more interested, though, in what will happen when Japan fails.

NL

Boards Post

MarkR replied to the Macro Economic Trends and Risks board. 2:58 PM

Re: : to be eternally useless.

I would prefer to see men qualify for UBI plus a bonus if, instead of a vasectomy, they would work as a caregiver for elderly and handicapped individuals.

Isn't that called "a job"? Which presumably you would get paid for. [more]

Sun May 15

NL

Boards Post

MarkR replied to the Macro Economic Trends and Risks board. 2:16 AM

Re: Politics on METAR

This especially true about US politics because there are only two choices and it is winner take all.

This is funny. I've lived in places that had a parliamentary system with MANY parties ... and their ever-present complaint was that [more]

Sat May 14

NL

Boards Post

MarkR replied to the Macro Economic Trends and Risks board. 10:45 PM

Re: Hello, money... goodbye, family

... a low-income individual earning $5,000 (£3,500) a year ...

If you earn only $5,000 a year, aren't you essentially forced to socialize with people at the shelter where you sleep most of the time?

Fri May 13

NL

Boards Post

MarkR replied to the Macro Economic Trends and Risks board. 12:17 PM

Re: FALL OF THE LEFT IN BRAZIL

Defining taxing people as "stealing" is therefore incorrect and inflammatory, y'all gave them authority to tax y'all as do we.

I didn't say anything about "stealing", you did! All I did was quote you in my [more]

NL

Boards Post

MarkR replied to the Macro Economic Trends and Risks board. 12:00 PM

Re: FALL OF THE LEFT IN BRAZIL

<<Much of the time it's the opposite, whatever government can't solve, more government may make worse :-)>>


Has it ever occurred to all y'all that there is a happy medium ... silly question of course it
[more]

NL

Boards Post

MarkR replied to the Macro Economic Trends and Risks board. 11:56 AM

Re: Another OPEC producer cuts subsidies

Why Oil Rich Countries Are Poor

Most of the time because they lack freedom.

NL

Boards Post

MarkR replied to the Macro Economic Trends and Risks board. 11:50 AM

Re: Google Banning Payday Lending Ads,

Don't know how to "regulate" the lenders without putting them out of business and despite everything millions of Americans need and use these lenders every week.

Yes, they will put them out of business and the people that [more]

Thu May 12

NL

Boards Post

MarkR replied to the Macro Economic Trends and Risks board. 12:01 PM

Re: Health Ins. Premiums for 2017

For 2016, I'm paying a premium of $142/month ($1,704/yr) for a Gold-plated Obamacare policy with a $750 annual deductible and a $1,500 annual out-of-pocket maximum. Even if I get a $1 million hospital bill, my costs are capped at that $1,500 [more]

Wed May 11

NL

Boards Post

MarkR replied to the Macro Economic Trends and Risks board. 1:11 PM

Re: Can US avoid default by printing?

And not a word about what happens to their economy when the export business "goes away".

They're growing a massive middle-class that will create lots of domestic demand. And, yes, their growth numbers will decline. As [more]

NL

Boards Post

MarkR replied to the Macro Economic Trends and Risks board. 12:53 PM

Re: GOOGLEUBERFORD Forms Group to Advocate Self-

I see a single control system with just one company owning the entire public taxi fleet. They get a monopoly license from the city (just like cable) and then there is no need for individuals to own multiple cars. That will [more]

Tue May 10

NL

Boards Post

MarkR replied to the Macro Economic Trends and Risks board. 12:21 AM

Re: Debt Up More Than $1 Trillion IN 6 MONTHS

I dont really understand your calculation. Wouldnt it be about 500 billion annually after 5 years?

I took a simple 2% of $12.55T without any compounding (even though there is compounding) to calculate the increase in interest expense [more]

Mon May 9

NL

Boards Post

MarkR replied to the Macro Economic Trends and Risks board. 4:13 PM

Re: Debt Up More Than $1 Trillion IN 6 MONTHS

The average maturity has reached 68.7 months

It's actually higher today at 69.6 months, but lest you think that's a solution to the woes that higher interest rate swill bring, it isn't. The key numbers to look at is the sum of how [more]

Sun May 8

NL

Boards Post

MarkR replied to the Macro Economic Trends and Risks board. 11:10 PM

Re: Debt Up More Than $1 Trillion IN 6 MONTHS

COST of debt as part of the GDP.

Of course the COST of the debt is lower now that we have near-zero interest rates! On the other hand, interest rates usually vary, AND we've shortened the average duration of our debt by [more]

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Big gold star, 5000 posts Old School Fool
Board Posts 19341
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