It's Working for Cigarettes...
Cigarettes are taxed heavily in the United States. Every couple months a new tax is levied in an effort to curb their use and help pay for the costs to society.
What is "it" going to be today?
Cigarettes are taxed heavily in the United States. Every couple months a new tax is levied in an effort to curb their use and help pay for the costs to society.
Most people outside of Texas, and more particularly Dallas don't have a favorable opinion of Mark Cuban. Let's face it, he's a nusance to the NBA and gets away with it because he has billions of dollars. BUT it's hard to deny that he's a very smart man. You don't make billions of dollars if you're not. He often writes on his blog the BLOG MAVERICK on a wide variety of topics. In this particular clip from a post he wrote yesterday I couldn't agree more with what he is saying. He articulates a number of my opinions perfectly.
"Our government doesn’t know the difference between an investor and a speculator or trader. If we did, we would understand that we should tax the trader/speculator more heavily than the investor.
The government should raises taxes significantly on profits from short term capital gains on the sale of public stocks, indexes, commodities, futures held for 24 hours or less and extend the length of time required to qualify for Long Term capital gains and reduce the tax rate on Long Term gains. This will discourage flash trading, ETFs that move markets purely on cash inflows rather than fundamentals and also reduce the amount of speculation on commodities. It will also reward companies that act in the financial interests of long term holders and their employers. I think the impact on the economy would be far fewer layoffs as CEOs find themselves with more shareholders who think long term rather than short term. Believe it or not, there are shareholders who are fine with companies not beating their numbers if the company is making progress towards a clearly defined goal. I don’t care if the P/E of the stocks I own is 14 or 20. I want the companies investing in being a great company rather than trying to make traders of their stock happy. Most CEOs give great lipservice to this approach, but they are so focused on marking to market their own personal stock portfolios, they emphasize stock performance over doing the right thing for the company. Taxation can change the focus on public companies and stock trading. That would be a great thing for the economy."
Say it twice in a row. Are you enjoying it as much as me? Burka, burka. It reminds me of what the road runner would say after he screwed over Wiley Cayote.
There are still people out there who will remain nameless who feel that they should use status updates and twitter posts to actually write what they are doing at that exact moment. Before you post a status update or tweet (I HATE THAT WORD and CAN'T BELIEVE I USED IT) you should ask yourself:
I finish up my second full day of orientation. It's my 8th day in this city. Life is good even though it's 11:00 pm, I'm wearing a suit and i'm walking home sweating. I'm not talking about a the type of perspiration that just builds up on your forehead but never really beads into a drop of sweat that I'm used to. I'm talking about a full on, full body drenching. I can shake my head and full streams of water, not drops, cascade off my head AND face. Turst me, I'm the first person to admit that it's gross. It's the type of sweat that drips onto my computer as I write this 10 minutes after I'm in my air conditioned apartment. But I didn't start writing to complain...
“Existing-home sales have increased for fourth month in a row, as a combination of historically low rates, first-time home buyer $8,000 tax credit, and foreclosure pummeled prices have combined to move some inventory.
Existing-home sales rose 7.2% from June, and more importantly, gained 5.0% from July 2008.The bottom line is this is an improving, but heavily government subsidized (Tax credits, ZIRP) data point.”
- Barry Ritholtz, The Big Picture
As Ritholtz states above, the subsidy is a contributing to the rise in home sales. I’m not sure why the connection between increases in home sales and a government subsidy isn’t exactly like the Cash for Clunkers program, which ends Monday evening. We might get an idea of what will happen to the housing market once the subsidies end by what happens when the cash for clunkers program ends. Will the demand fall off a cliff? Probably…
Read more...
I have encountered more people talking to themselves than anywhere else I have been and I’m not just talking about homeless people. It’s people in line at a restaurant, waiting for the Metro, sitting at a bar and of course the homeless man down the street.
This woman didn’t find it as funny as I did when I gave her a flat tire on one of the ridiculously long escalators out of a Metro station. I find it funny…
Humidity and excessive heat and this little Jew don’t get along. There’s no escaping the oppressive heat. In Colorado where it’s a dry heat you can go into the shade and it’s much cooler…not here! The heat sticks to you! I make the same comment every day; I can’t believe I’m sweating this much! I guess I understand why so many people talk to themselves…It’s the HEAT!
People in DC consider themselves much nicer and friendlier than people in NYC. I have heard this comment in one form or another multiple times in the last week.
People think I’m upset even when I’m not…I’m going to blame that on the heat too even though I know it’s not the case. I just look like a curmudgeon sometimes, and by sometimes, I mean often.
When you first meet someone, don’t tell them that you are a great bullshitter. It doesn’t build trust or confidence. (is bullshitter really not a word? If not, it should be added to the dictionary next year. This might be my lasting contribution to society.)
And finally, friends keep telling me that DC has the highest rate of AIDS in the US. Thanks everyone.
A lot of people, me included find it absolutely abhorent that congress votes on bills they do not read. Sure some of them are long and boring but that's not a legitimate excuse. If it were, I would use it all the time! I would skip anything and everything I didn't find interesting. Sure my boss came in yesterday and asked me to review a contract but the details were just SOOOOO uninteresting so i skipped the T's and C's. In my perfect world I would get a raise for this...which is pretty much what congress is doing right now.
Every once in a while i read a headline that is so obvious i can't believe 1. someone got paid to write the article and 2. an editor didn't suggest a different headline.
I find myself at a crossroads I’m sure I have been at before. The wrong decision will very likely lead me down a gauntlet of uncertainty while the other will bring me back to familiarity. Unfortunately this isn’t some metaphor for a life decision I need to make in my new home Washington DC. It’s as literal as it gets. I’m at the intersection Kalmorata place and Kalmorata Circle and have no clue how to get home. Throw in the fact that it’s 3:30 in the morning and I’m a little drunk and this is a less than pleasant situation. The iphone, often my savior in situations like this isn’t helping me at all. The directions tell me to go north for a mile and turn right but I have no clue which way is north, south, east or west! I’ve been walking in circles for close to an hour now, the bars long closed. I'm sweating and my feet hurt.
So here’s the interesting part of this story. As I mentioned earlier I’m sure I have been in this situation before. Am I having déjà vu? Is this a horrible flashback? I wish! It’s just that I have a horrible sense of direction and I have literally been in this exact situation before.
Less than a week after moving to Colorado for college I started walking from the main campus to my off campus dorm. Needless to say I got lost….real lost. At one point I ran across the freeway (real safe decision). In the far off distance I saw a blinking red light and was certain that it was on top of the building I was looking for. I walked for miles trying to get to this blinking red light. I started to doubt myself and for good reason because I was walking in the wrong direction. I had accepted the fact that I might need to just curl in a ball and pass out on the side of the street. There was a very real fear that a large animal would tear me to shreds….and then out of nowhere a creapy molester van rolled up and I made a very rash decision to flag it down. I asked for directions and the creeper inside obliged. I’m pretty sure I rolled into my dorm room at the crack of dawn; tired, sweating and exhausted.
Why did I just tell this story?
Well, the parallels to what happened last night are remarkable. I’m new to a city, moving here for school and less than a week into living here I got lost…REAL LOST. And here’s one of the most interesting parts. How did I eventually find my way home? I found a creepy car rolling through the street at 4:30 in the morning, flagged it down and asked him where Columbia street was. He pointed down the street not really speaking English and said, “you go, you go.” 15 minutes later I was standing outside of my apartment, once again exhausted, feet hurting, sweating and thankful I made it home. I couldn’t help but notice that as miserable as I was for the last couple hours wandering the streets I was also amused by the situation. I’ve said it before, good things happen to me and I’ll say it again. I had an amazing run in Colorado that included a great education and even better friends. It started with a little fear in a new and mysterious place and an adventure wandering the streets in the wee hours of the morning. I can only hope and truly believe that the same will happen here in DC which started with the same adventure wandering the strees in the wee hours of the morning in a new and mysterious place.
The Airport
LOKI
(looks around)
Now here's what I don't get about you: why do you
feel the need to come here all the time?
BARTLEBY
(off travelers)
I like to watch. This is humanity at it's best.
Look at them.
A reunited FAMILY share a group hug and move on, making way for two young LOVERS
to embrace and kiss passionately.
OC BARTLEBY
All that tension, all that anger and mistrust,
forgotten for one perfect moment when they come
off that plane. See those two? The guy doesn't
even know that the girl cheated on him while he
was away.
OC LOKI
She did?
Bartleby and Loki continue to watch the arrivals.
BARTLEBY
Uh-huh. Twice. But it doesn't matter at this
moment because they're both so relieved to be with
one another. I like that. I just wish they could
all feel that way more often.
LOKI
Maybe if someone gave them free bags of peanuts
more often they would. Now what was so friggin'
important that I had to miss cartoons this
morning? If it was to share in your half-assed
obsessions with Hallmark moments, I'm going to
slug you.
Doug’s version. While I am a big fan of the movie Dogma, especially how it manages the absurdity of religion with it being real (in the movie) I can’t relate to this scene in real life. Sure, I laughed as Damon and Affleck have this exchange but instead of compassion I see tension and screaming children along with an in person study of the obesity problem in America. Spending thousands of dollars on studies of whether America has an obesity problem is unnecessary, very unnecessary. Just go to the airport, sit on a plane, walk through any terminal in the U.S. and you will see people that make me (and hopefully you) cringe.
The people staring at me as I write this weigh a combined 1,453 pounds. Here’s the sad part, there’s only 4 people. I’m wondering which one will be sitting next to me on my flight from SLC to DC taking up more than there allotted space on my next flight. Sure, the airlines enacted a new policy forcing obese people to purchase an extra seat if they can’t keep themselves from oozing into the area I paid for but I’m pretty sure it’s never been enforced.
Unlike in Dogma where Afflec finds joy, peace and happiness in the airport, I find the it full of tension. Families fight as their departure time get’s closer and closer and they’re stuck in the security line. Children get antsy with anticipation of a vacation. Little do they know they will be stuck on a plane for 4 hours which feels like an eternity for any boy (trust me! It still feels like an eternity and I’m 25).
On the first leg of my journey to DC via Boise, ID to SLC I was lucky enough to sit next to some coked out aviator glasses wearing, non stop talking maniac (sure he wasn’t encroaching on my space but he made up for it through his incessant talking). I was forced to put on headphones mid sentence for him to get the clue that I was no longer interested in his white trash sister (how HE referred to her). But after learning that she lives in a trailer with 2 children from different guys and twins on the way, I’m pretty sure I could come to that same conclusion. Oh, and she receives food stamps…awesome! Icing on the cake for that winner of a woman and society. Everyone, pat yourself on the back for taking care of this woman and her family. We deserve a little positive reinforcement for what we DO for people sometimes instead of only hearing about what we are not doing.
Side note…staring at a young white kid with a baseball jersey that says “sacrifice” and a baseball cap with a giant money symbol in fake diamonds on the back. He’s sitting with his family; grandparents and all. My initial reaction is this, “Really? That’s what you decided to where today? Classy.”
Second side note…while staring at this family trying to figure them out the father started picked his nose. It makes more sense now.
Third side note…The SCL airport has more blond haired, blue-eyed people working at McDonalds than anywhere else in the world. Sweden might have more but I’ve never been there.
A woman with half her head shaved just walked by. I’m pretty sure she had a tattoo on her arm that said “Virgin” but it might have said “Vagina”. Awesome. can't really believe I wrote that but it's the truth and it made me laugh...
More to come later….
Ouch! Shots edition
I remember a time, back in the day when my mom would take me to the doctors office. A time when the major worry of the day was weather I would watch GI Joe or play Mario brothers. I still have a vivid memory (much more like a horrible nightmare) of going to the doctor and fearing, absolutely fearing that I would need a shot. The fear started as soon as we got into the car. I would ask my mom if I needed to get a shot and she would always assure me that they wouldn't but even at that age I knew she was full of shit.
The wait in the doctors office was the worst! I would envision the doctor and three nurses walking through the door with a foot long needles. The nurses were there for the sole purpose of holding me down as I kicked and screamed. I remember telling my mom that the reason there were metal bars on the outside of the window was to prevent kids like me from trying to escape (there really were metal bars on the windows)! If you couldn't tell by now, I really, really didn't like going to the doctor. In the end I would take the shot without much fuss but it was the anticipation that did me in each and every time. Just thinking about a shot, the long thin needle slowly passing through the skin sends a shiver up my spine. I get clammy, uncomfortable, squirmy, irritable.
The fear should have subsided by the time I was 10 or maybe even 13 (when I had my bar mitzvah and officially became a man. Sorry I had to write that, it made me chuckle). Well it didn't. Before college I needed vaccines. The standards, Hep A, Hep B, meningitis and Tb. I tried to procrastinate getting the shots but it only made it worse as friends kept telling me about how big the needles were. Throw in the fact that you needed 3 Hep B and 2 Hep A shots and I thought I was going to die. I remember thinking that I would gladly give up a small toe instead of getting these shots. In the end I came up with what I thought was a genius plan. I decided that I would procrastinate long enough so that I could only get a couple of the shots and then hope the school, my mom and the doctor would forget that I needed the rest. Well ladies and gentlemen, IT WORKED, kind of.
All right internet, you win. and i'm not very happy about it. Just the other day i claimed that I could find everything and anything on the internet. I made the bold claim that there is a bigger cultural gap between my generation and my parents generation because my generation will be connected to the world and technology forever, continuously learning about new technology through the internet. I made the point (and actually think it's a good one) that the hierarchy of knowledge has somewhat flattened. What do i mean by this? I'm talking about the fact that previous generations had to learn everything from those that did it before them and how was this information passes on? through interaction and communication. Nowaday, if i don't know how to do something i can bypass the older generation and simply look up the answer on the internet. In fact, i will probably get a better answer than if i had asked the older know it all who in reality has been doing it ineficiantly for over 29+ years.
A couple years ago I was introduced to Jimmy and Drew's in Boulder. For years I longed for a real Jewish deli in Boulder, CO where I could get a corned beef sandwich the way it should be made, (by a Jew! j/k) What I really mean is, corned beef piled high (minimum 2.5 inches of meet) with swiss cheese on Rye bread and mustard. That's it. End of story.
In an attempt to be "cool" and promote it's new web search engine Microsoft announced a contest to create a song representing the new search engine. With most things Microsoft does these days it's a buck short and a day late (not sure that fits but i'm going with it).
Does anyone else love this alliteration as much as I do? FUCKING FANNIE! It just rolls off the tongue. Equally as fun is Fucking Freddie but unfortunately it's not in the news today.
I'm not sure what it says about DC that there is an iphone app that rates how safe of a neighborhood you are in. It's called "areyousafe" and its very cartoony look and feel can make even the most dangerous drunken walks home fun! It's a pretty great idea if you just moved or are visiting a city.
While a country cannot succeed in the long run with the majority of their GDP coming from non-renewable resources it can certainly create an imense amount of wealth in the short term. Look at the MIDDLE EAST. A hundred years ago it was primarily a dessert with some nomadic tribes and now it's pumping out the majority of the worlds oil and swimming in US dollars. While unsustainable, it looks pretty fun in the short term. Well, enough banter...here's a great visual of the world natural resources: both non and renewable resources.
How are Americans still going to bed hungry?
Amount per Serving | |||
| |||
% Daily Value * | |||
Total Fat 23g | 35% | ||
Saturated Fat 7g | 35% | ||
Trans Fat 0.5g | |||
Cholesterol 65mg | 22% | ||
Sodium 2160mg | 90% | ||
Total Carbohydrate 73g | 24% | ||
Dietary Fiber 7g | 28% | ||
Sugars 6g | |||
Protein 34g | 68% | ||
Vitamin A | 10% |
Vitamin C | 8% |
Calcium | 30% |
Iron | 35% |
Fat 32.3% Carbs 45.6% |
Protein 21.2% |
I have two points to make about last months new housing sales reported today.
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