steve203’s Activity

Today

NL

Boards Post

steve203 replied to the Macro Economic Trends and Risks board. 14 minutes ago

Re: How income inequality benefits everybody

I want a more *effective* government. And there's no evidence anywhere to suggest that "small government" is going to give me that,

Seems to me that the "small government" crowd is actually demanding an [more]

NL

Boards Post

steve203 replied to the Macro Economic Trends and Risks board. 21 minutes ago

Re: Random Thoughts

..the majority always votes for the candidates promising the most benefits from the public treasury,

That really only holds true for a homogenous society. In a society made up of many ethnicities and many religions, pols have found it [more]

NL

Boards Post

steve203 replied to the Macro Economic Trends and Risks board. 26 minutes ago

Re: Soros on Ukraine Greece & EU

*blink* ...I didn't know that film was in color. I saw it on TV in b&w.

And who's the dude who gets his wristband stuck in the car latch?

It appears that the klutz was Buzz Gunderson, played by Corey Allen, who had an [more]

NL

Boards Post

steve203 replied to the Macro Economic Trends and Risks board. 43 minutes ago

Re: Goldman trying to make gold rare...

... is not the same as North Dakota or Saudi Arabia.

20 years ago, North Dakota wasn't feasible. Now it is.

At some point, they'll figure out how to recover minerals from sea water on an economic basis

[more]

NL

Boards Post

steve203 replied to the Macro Economic Trends and Risks board. 1 hour ago

Re: Goldman trying to make gold rare...

When I was a kid in the 60s I was hearing about how there was only a 20 year supply of oil. My dad mentioned that he had heard the same thing when he was in school in the 1920s. The bottom line is there is always a 20 year supply, because it isn't [more]

NL

Boards Post

steve203 posted to the Macro Economic Trends and Risks board. 5:38 PM

OT: looks like they were right

The "leaders and statesmen" in Lansing were too terrified of the tea baggers to raise the fuel tax to pay for road maintenance, so they fobbed the choice off on the voters with a complex plan to raise the sales tax, part of which would go [more]

NL

Boards Post

steve203 replied to the Macro Economic Trends and Risks board. 5:09 PM

Re: Tiny Andorra has big bank crisis...

Bankers have been thrown in jail,

Whew! It's a good thing the US is so enlightened in it's treatment of illegal activity at major banks.

Government extracts $2 billion in fines from JPMorgan in Madoff [more]

NL

Boards Post

steve203 replied to the Macro Economic Trends and Risks board. 4:51 PM

Re: How income inequality benefits everybody

The data itself tells an entirely different story from the idealized 91% tax rate. According to Internal Revenue Service data, presented below on a graph, from 1966 to 1970 the effective tax rate of an average tax payer in the top 1% was 30.85%. [more]

NL

Boards Post

steve203 replied to the Macro Economic Trends and Risks board. 4:32 PM

Re: Half-a-Dozen Pilots in 33 years...

...or they risk facing breach of fiduciary responsibility lawsuits from stockholders, investors, bondholders, and other board members.

That no longer seems to be the case, at least in the financial industry. Now all misdeeds are laid [more]

NL

Boards Post

steve203 replied to the Macro Economic Trends and Risks board. 11:18 AM

Re: How income inequality benefits everybody

Not so fast sparky.

I would count 2 people out of a list of 9 as "some", and the list has a recency bias. You didn't mention Ross Perot or David Packard, who built their businesses in the 50s and 60s. Occidental Petroleum [more]

NL

Boards Post

steve203 replied to the Macro Economic Trends and Risks board. 2:00 AM

Re: Half-a-Dozen Pilots in 33 years...

... never once has the pilot shown me his credentials.

Departing from an Eastern DC-9 many moons ago, the pilot, an old bugger, was standing next to the aisle and I paused for a moment to compliment him on his flying "ex [more]

NL

Boards Post

steve203 replied to the Macro Economic Trends and Risks board. 1:53 AM

Re: Unusual Aircraft Registration Number

hmmm....seems I have seen movies where the plane is ID'd as "Whiskey Tango Foxtrot". Never made the connection until I saw it written out in that pic.

Steve

NL

Boards Post

steve203 replied to the Macro Economic Trends and Risks board. 1:47 AM

Re: How We Doin?

Nowadays, kids are kept on a short leash, and their activities seem to usually be organized and directed by adults, like soccer, little league, etc. The days of kids running wild and free, inventing and in charge of their own games, are [more]

Yesterday

NL

Boards Post

steve203 posted to the Macro Economic Trends and Risks board. 7:45 PM

meanwhile, in Yemen

Arab leaders announced the creation of a standing, Arab coalition army of 40,000 at a summit in Egypt.

[more]

NL

Boards Post

steve203 replied to the Macro Economic Trends and Risks board. 12:33 PM

Re: How income inequality benefits everybody

At which point does the issue become one of transferring the power of one direction of wealth transfer to a more balanced opportunity set for the population on a per capita basis?

An opportunity version of the Laffer curve eh? [more]

NL

Boards Post

steve203 replied to the Macro Economic Trends and Risks board. 12:27 PM

Re: How income inequality benefits everybody

When government forcibly transfers power, no matter where it's transferred FROM, about 99% of the time it is transferred TO the government. Which then may apply it selectively...

Again, there is no "government" as a [more]

NL

Boards Post

steve203 replied to the Macro Economic Trends and Risks board. 12:54 AM

Re: How income inequality benefits everybody

Based on available evidence, it's far more likely that government coercion of the economy is the cause of both the poverty and higher inequality,

Government is a reflection of the population it serves. If the government is configured [more]

Sat Mar 28

NL

Boards Post

steve203 replied to the Macro Economic Trends and Risks board. 1:06 PM

Re: How income inequality benefits everybody

After years of representing aspiring entrepreneurs as well as fat cat bankers, I can assure you that both heavily regulated industries and those less regulated are limited by their ability to afford to pay lawyers, licensing experts and regulatory [more]

NL

Boards Post

steve203 replied to the Macro Economic Trends and Risks board. 10:33 AM

Re: How income inequality benefits everybody

Based on available evidence, it's far more likely that government coercion of the economy is the cause of both the poverty and higher inequality, and that reducing such coercion would both decrease inequality and enrich society as a [more]

NL

Boards Post

steve203 replied to the Macro Economic Trends and Risks board. 2:30 AM

Re: How income inequality benefits everybody

Now, it's completely unremarkable to see non professional, working class people in their 20s driving a luxury import.

Forty years ago, if you wanted a car, you financed it for no more than three years. Now, you finance for 6 or 7 [more]

Show More Activity ...

CAPS Stats & Trivia

CAPS Player Rating < 20
Player Rank 0 out of 75176
Score 0.00
Score Change Today 0
Accuracy 0.00%
Active Picks 0
Total Picks 0
Best Pick ( 0)
Worst Pick ( 0)
Average Score per Pick 0.00
Charms Earned 0
Highest Rated Favorite No Favorites Selected
Go to steve203’s CAPS page

Boards Stats & Trivia

Big funky green star, 20000 posts Top Recommended Fools Old School Fool
Board Posts 34918
Recs Received 68708
People who have rec'd these posts 1979
Recs to Posts Ratio (last 30 days) 25.70
Threads Started 5441
Threads Started Percentage 15.58 %
Most Frequent Board Macro Economic Trends and Risks
Very First Post Re: some opinions (6/2/1998)
Percentage of Posts Rec'd 58.43 %
Show steve203’s 10 Latest Posts