White House secretly passes currency controls
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From: Jim Thompson on 5 Apr 2010 20:28 On Mon, 05 Apr 2010 17:14:10 -0700, Joerg <invalid(a)invalid.invalid> wrote: >Jim Thompson wrote: >> On Mon, 5 Apr 2010 15:39:51 -0700, "Joel Koltner" >> <zapwireDASHgroups(a)yahoo.com> wrote: >> >>> "Jim Thompson" <To-Email-Use-The-Envelope-Icon(a)On-My-Web-Site.com> wrote in >>> message news:hhnkr556m5pik6jrnhtg8io8950mk99mvu(a)4ax.com... >>>> It _will_ be painful to walk away from a country that my ancestors >>>> settled, beginning 400+ years ago (Jamestown)... but I can if >>>> pushed... leave the suckers with only themselves to suck upon :-) >>> You can bet Obama is going to try to extend his reach internationally if at >>> all possible. :-) >> >> He's already started. But it only applies if you're within the US and >> receiving income from without. Thus a confiscatory tax is simply >> avoided by moving out. >> > >Ahm, I think you are wrong on that one. AFAIK you'd have to also drop >your citizenship and passport. Nope. Not that it'll matter. We're heading to be like Russia... two classes: elitist politician or paisano. > > >>> Where did your ancesetors come from prior to Jamestown? >> >> The Jamestown bunch came from Scotland. Later arrivals were from >> Britain and Germany. >> >>> Planning to sell your home, or let one of your kids have it? >>> >>> Just curious... >> >> Probably just walk away. With the market like it is I owe slightly >> more than the real value... at least right now. >> > >Ouch! I thought your retirement money all went into savings. Why not pay >down the mortgage instead? Getting more than the 5.xx% interest in >today's investment climate would be close to playing roulette. That was the plan. Then the last few years have seen all my US-based business disappear. Thus my developing work overseas where countries (at least some) at heading toward (or back to) capitalism. ...Jim Thompson -- | James E.Thompson, CTO | mens | | Analog Innovations, Inc. | et | | Analog/Mixed-Signal ASIC's and Discrete Systems | manus | | Phoenix, Arizona 85048 Skype: Contacts Only | | | Voice:(480)460-2350 Fax: Available upon request | Brass Rat | | E-mail Icon at http://www.analog-innovations.com | 1962 | The only thing bipartisan in this country is hypocrisy
From: Jim Thompson on 5 Apr 2010 20:31 On Mon, 05 Apr 2010 18:52:49 -0500, hal-usenet(a)ip-64-139-1-69.sjc.megapath.net (Hal Murray) wrote: >In article <hhnkr556m5pik6jrnhtg8io8950mk99mvu(a)4ax.com>, > Jim Thompson <To-Email-Use-The-Envelope-Icon(a)On-My-Web-Site.com> writes: >... > >>It _will_ be painful to walk away from a country that my ancestors >>settled, beginning 400+ years ago (Jamestown)... but I can if >>pushed... leave the suckers with only themselves to suck upon :-) > >Where would you go? I'd be welcome almost anywhere that needs _real_ engineering... Israel, NZ, Hong Kong... I could even be a big hero in Russia or mainland China :-) ...Jim Thompson -- | James E.Thompson, CTO | mens | | Analog Innovations, Inc. | et | | Analog/Mixed-Signal ASIC's and Discrete Systems | manus | | Phoenix, Arizona 85048 Skype: Contacts Only | | | Voice:(480)460-2350 Fax: Available upon request | Brass Rat | | E-mail Icon at http://www.analog-innovations.com | 1962 | The only thing bipartisan in this country is hypocrisy
From: dagmargoodboat on 5 Apr 2010 20:39 On Apr 5, 1:35 pm, "Joel Koltner" <zapwireDASHgro...(a)yahoo.com> wrote: > This one's good too:http://online.wsj.com/article/SB1000142405274870397680457511424178200... Yep, that was good. Thanks. Here's an interesting pair: http://www.nytimes.com/2010/04/04/opinion/04friedman.html?ref=opinion Between 1980 and 2005, virtually all net new jobs created in the U.S. were created by firms that were 5 years old or less, and, taxes on those companies are being raised 25%... http://www.nypost.com/p/news/business/small_biz_big_tax_Tm9zntbp2I339WyBwwOgzK Something both articles still miss is the huge economic effect of the mandate in Mr. Obama's recent insurance regulation law (no, it wasn't a health care bill). That mandate compels US citizens to spend more than $1T on expanded, more expensive insurance. That has the same effect as a tax--it drains money from people's hands, and starves all the other things (businesses) they would've spent it on. That destroys jobs in all the starved areas, and expands health-insurance employment dramatically, etc. -- Cheers, James Arthur
From: Joerg on 5 Apr 2010 20:39 Jim Thompson wrote: > On Mon, 05 Apr 2010 17:14:10 -0700, Joerg <invalid(a)invalid.invalid> > wrote: > >> Jim Thompson wrote: >>> On Mon, 5 Apr 2010 15:39:51 -0700, "Joel Koltner" >>> <zapwireDASHgroups(a)yahoo.com> wrote: >>> >>>> "Jim Thompson" <To-Email-Use-The-Envelope-Icon(a)On-My-Web-Site.com> wrote in >>>> message news:hhnkr556m5pik6jrnhtg8io8950mk99mvu(a)4ax.com... >>>>> It _will_ be painful to walk away from a country that my ancestors >>>>> settled, beginning 400+ years ago (Jamestown)... but I can if >>>>> pushed... leave the suckers with only themselves to suck upon :-) >>>> You can bet Obama is going to try to extend his reach internationally if at >>>> all possible. :-) >>> He's already started. But it only applies if you're within the US and >>> receiving income from without. Thus a confiscatory tax is simply >>> avoided by moving out. >>> >> Ahm, I think you are wrong on that one. AFAIK you'd have to also drop >> your citizenship and passport. > > Nope. Not that it'll matter. ... Careful. I'd read up before moving. This is for Canada but probably similar rules apply for NZ. You can shield the first $80k or so _but_ it seems you'd blow that privilege if you violate the 330-day substantial presence test: http://www.serbinski.com/Americans_Living_Abroad.pdf So you'd really have to say bye-bye to all your relatives. Very hard to do for the spouse, and I speak from experience here. > ... We're heading to be like Russia... two > classes: elitist politician or paisano. > >> >>>> Where did your ancesetors come from prior to Jamestown? >>> The Jamestown bunch came from Scotland. Later arrivals were from >>> Britain and Germany. >>> >>>> Planning to sell your home, or let one of your kids have it? >>>> >>>> Just curious... >>> Probably just walk away. With the market like it is I owe slightly >>> more than the real value... at least right now. >>> >> Ouch! I thought your retirement money all went into savings. Why not pay >> down the mortgage instead? Getting more than the 5.xx% interest in >> today's investment climate would be close to playing roulette. > > That was the plan. ... Too many $100 lunches maybe ... :-) Then the last few years have seen all my US-based > business disappear. Thus my developing work overseas where countries > (at least some) at heading toward (or back to) capitalism. > Strange. My US business didn't vanish but maybe that's different in chip design which I don't do. Well, except an architecture once in a blue moon. -- Regards, Joerg http://www.analogconsultants.com/ "gmail" domain blocked because of excessive spam. Use another domain or send PM.
From: dagmargoodboat on 5 Apr 2010 20:42
On Apr 5, 7:08 pm, Joerg <inva...(a)invalid.invalid> wrote: > Bill Sloman wrote: > > This isn't the Laffer Curve in action, its just incompetence on the > > part of the tax legislators, who wasted their time trying to get money > > from people who pay enough tax to justify keeping a tax avoidance > > expert on tap. > > You just repeated the definition of the Laffer curve :-) He who Laffs last...? -- Cheers, James Arthur "Who is John Galt?" |