Why not ? they are making cars for us.GDK said:
I think they call this tax evasionGDK said:
I heard this in one of Obamas speechesGDK said:
GDK said:
so when is enough enough?
- Thread starter MUSKYMAN
- Start date
p m said:
Good job in showing the numbers.:applause:
I would only add, well subtract, that not all oil is used for energy. So your numbers should be reduced. By how much I'm not sure but I wouldn't be surprised if it by 35% or more.
I am pretty sure the numbers are less, just wanted to go overboard ever so slightly.toadermcgee said:
One of the links I quoted takes you to one very interesting PDF - it never occured to me until very recently, when I had to deal with atmospheric transmission, that nearly all there is to create greenhouse effect is not CO2 or methane, it's water vapor. It's beyond 99% water vapor, and effect the human activity on water vapor content is in thousandths of one percent.
There goes our contribution to global warming.
Quote:
Originally Posted by GDK
We should not depend on our government to make it for us. .
"Why not ? they are making cars for us."
Yeah I didn't like the "Bail Out form day one" when Bushies buddies got the first checks and I don't like it today when Obama's buddies get them. "Survival of the fittest" if you cannot run a company and stay afloat, then there must be flaws within the company structure. Close it pay, off who you owe, and start over. Key word is payoff debts. Comes down to integrity!
Quote:
Originally Posted by GDK
If you don't like paying taxes then learn what you can do to lower you taxable income without reducing your income. .
I think they call this tax evasion
Actually this is called tax avoidance. Which is completely legal and the rules for this are spelled out in the tax code. Wealthy people wrote the tax laws and specifically wrote in ways to keep thier wealth. The rules may change, and have, but you keep learning how to play the game. If you don't learn to play then they most likely win right?
Quote:
Originally Posted by GDK
Take control of your retirement and don't rely on the feds or family or the "Enrons" of the world to pay for your Golden years. .
I heard this in one of Obamas speeches
This really ties in above, but hey what the heck. Most people put money into 401k's and let some punk in NY decide where to invest it meanwhile the holder of the 401k is taking 100% of the risk and receiving about 3% of the profit. They say they have low fees till you break it down for yourselfand realizethey are closer to 97% of the profits made by your money. Case in point, you put in $100, they claim 3% in fees, after a year the fund makes a 3% gain. You now have $103 right, no because you pay 3% in fees $3.09 so now you have $99.91 a loss but you may still be liable for capital gains on the $3. Self directed IRA's, real estate and investing the stock market for yourself are a few ideas. I know I m preaching to the choir here though. "Wall street is the only place where people who drive Rolls Royce give thier money to people who ride the subway for investing."
I have only started implementing these ideas myself a couple of years ago, and I am in no way near where I invision it to go. It is not the destination but the journey. Just like off-roading, the road may take you to a beautiful lake, but damn the drive was fun and only a few people are ever at this lake.
Greg:victory:
Originally Posted by GDK
We should not depend on our government to make it for us. .
"Why not ? they are making cars for us."
Yeah I didn't like the "Bail Out form day one" when Bushies buddies got the first checks and I don't like it today when Obama's buddies get them. "Survival of the fittest" if you cannot run a company and stay afloat, then there must be flaws within the company structure. Close it pay, off who you owe, and start over. Key word is payoff debts. Comes down to integrity!
Quote:
Originally Posted by GDK
If you don't like paying taxes then learn what you can do to lower you taxable income without reducing your income. .
I think they call this tax evasion
Actually this is called tax avoidance. Which is completely legal and the rules for this are spelled out in the tax code. Wealthy people wrote the tax laws and specifically wrote in ways to keep thier wealth. The rules may change, and have, but you keep learning how to play the game. If you don't learn to play then they most likely win right?
Quote:
Originally Posted by GDK
Take control of your retirement and don't rely on the feds or family or the "Enrons" of the world to pay for your Golden years. .
I heard this in one of Obamas speeches
This really ties in above, but hey what the heck. Most people put money into 401k's and let some punk in NY decide where to invest it meanwhile the holder of the 401k is taking 100% of the risk and receiving about 3% of the profit. They say they have low fees till you break it down for yourselfand realizethey are closer to 97% of the profits made by your money. Case in point, you put in $100, they claim 3% in fees, after a year the fund makes a 3% gain. You now have $103 right, no because you pay 3% in fees $3.09 so now you have $99.91 a loss but you may still be liable for capital gains on the $3. Self directed IRA's, real estate and investing the stock market for yourself are a few ideas. I know I m preaching to the choir here though. "Wall street is the only place where people who drive Rolls Royce give thier money to people who ride the subway for investing."
I have only started implementing these ideas myself a couple of years ago, and I am in no way near where I invision it to go. It is not the destination but the journey. Just like off-roading, the road may take you to a beautiful lake, but damn the drive was fun and only a few people are ever at this lake.
Greg:victory:
GDK said:Quote:
Originally Posted by GDK
Most people put money into 401k's and let some punk in NY decide where to invest it meanwhile the holder of the 401k is taking 100% of the risk and receiving about 3% of the profit. They say they have low fees till you break it down for yourselfand realizethey are closer to 97% of the profits made by your money. Case in point, you put in $100, they claim 3% in fees, after a year the fund makes a 3% gain. You now have $103 right, no because you pay 3% in fees $3.09 so now you have $99.91 a loss but you may still be liable for capital gains on the $3. Self directed IRA's, real estate and investing the stock market for yourself are a few ideas. I know I m preaching to the choir here though. "Wall street is the only place where people who drive Rolls Royce give thier money to people who ride the subway for investing."
Greg:victory:
Some of your 401k info is not quite accurate:
- No one can invest your money at their discretion without you giving express permission to do so.
- 401k investment choices are limited sometimes, depending on the plan, but at a minimum there is usually a menu of available mutual fund choices consisting of various stock and fixed income funds plus at least one 'stable value' alternative. The choices are yours to make and change as you see fit.
- Your plan administrator should shop around for a lower cost plan if fees are prohibitive. A 401k may not be right for every company, particularly a smaller company with fewer than 100 employees. There are other, considerably less expensive, employer sponsored plans available such as Simple IRAs and Simplified Employee Pension (SEP) Plans.
- You do not pay capital gains on earnings in a 401k or an IRA. You only pay capital gains on profits from the sale of an investment in a taxable (non-IRA) account, and then only if you have held the investment for a minimum time period - most often one year or longer.
-The only time you pay taxes on a 401k or IRA is when you take a distribution (withdrawl) from it; and then it is at your ordinary income tax rate.
GYM said:
Again see above mistake on my part I miss spoke. But why settle for paying tax when you are supposed to be retired? If you invest through Roth IRA's you don't pay tax on your profits, also there are now Roth 401k's. My whole point was to say instead of blaming the Dem's or Rep's go out and gain more financial knowledge and play smarter than the average joe and come out light years ahead. But hey maybe people want to pay income taxes on their retirement!
GDK said:My whole point was to say instead of blaming the Dem's or Rep's go out and gain more financial knowledge and play smarter than the average joe and come out light years ahead.
Well said !
Wheels are coming off ......
Geithner flips out, launches profane tirade at regulatory chiefs
ABC
August 04, 2009
Geithner flips out, launches profane tirade at regulatory chiefs
ABC
August 04, 2009
The Obama administration’s sweeping financial regulatory reform proposals have been met by criticism from lawmakers and the financial industry, but dissent from fellow federal regulatory agency heads was too much for Treasury Secretary Tim Geithner to take......
As reported by the Wall Street Journal, Geithner directed an expletive-laden critique at the heads of the Federal Reserve, the FDIC, the SEC, and other agencies.
One source familiar with the meeting said, “It was a sh*t storm." .....
As reported by the Wall Street Journal, Geithner directed an expletive-laden critique at the heads of the Federal Reserve, the FDIC, the SEC, and other agencies.
One source familiar with the meeting said, “It was a sh*t storm." .....
D
D Chapman
Guest
In 100 Days:
1. Offended the Queen of England
2. Bowed to the King of Saudi Arabia
3. Praised the Marxist Daniel Ortega
4. Kissed Hugo Chavez on the cheek
5. Endorsed the Socialist Evo Morales of Bolivia
6. Announced we would meet with Iranians with no pre-conditions
7. Gave away billions to AIG, also without pre-conditions
8. Expanded the bailouts
9. Insulted everyone who has ever loved a Special Olympian
10. Doubled our national debt .
11. Announced a termination of the space defense system the day after the North Koreans launched an ICBM.
12. Despite the urgings of his own CIA director and the prior 42 CIA directors, released information on intelligence gathering. Announced major restrictions on interrogation techniques used on enemy combatant prisoners.
13. Accepted without public comment the fact that five of his cabinet members cheated on their taxes and two other appointees withdrew after they couldn't take the heat.
14. Appointed a Homeland Security Chief who quickly identified as "dangers to the nation", groups including veterans of the military, and opponents to abortion on demand, and who ordered that the word terrorism no longer be used but instead referred to such acts as man made disasters.
15. Circled the globe so he could openly apologize for America 's greatness.
16. Told Mexicans the violence in their country was mostly caused by illegal guns from the U.S.
17. Politicized the census by moving it into the White House from its Department of Commerce origins and announced ACORN [the organization under massive scrutiny amid allegations of election fraud] would manage the process.
18. Appointed as Attorney General the man who orchestrated the forced removal and expulsion from America to Cuba of a nine-year old whose mother died trying to bring him to a life of freedom in the United States .
19. Salutes as heroes three Navy SEALS who took down three terrorists who threatened one American life and the next day announces members of the Bush administration will likely stand trial for torturing a terrorist who had played a part in killing 3000 Americans by pouring water over his face.
20. Air Force One flew over New York City for a photo op without notifying local authorities causing widespread panic.
21. Took over the American Automobile industry and handed over 50% off to the unions [because he said he owed them].
22. Continued his drive for absolute gun control activities, thumbing his nose at the 2nd Amendment.
23. Offered travel and living subsidies in the U..S. to Hamas activists displaced from the Gaza Strip.
24. Got more airtime [TV] than Oprah Winfrey and was seldom in Washington tending to the business of State.
25. Announced the closure of enemy combatants detention center in Guantanamo Bay, Cuba but failed to address the issue of 'what' to do with the 200+ prisoners currently held there. Rumors persist that they'll be housed on U.S. soil...
1. Offended the Queen of England
2. Bowed to the King of Saudi Arabia
3. Praised the Marxist Daniel Ortega
4. Kissed Hugo Chavez on the cheek
5. Endorsed the Socialist Evo Morales of Bolivia
6. Announced we would meet with Iranians with no pre-conditions
7. Gave away billions to AIG, also without pre-conditions
8. Expanded the bailouts
9. Insulted everyone who has ever loved a Special Olympian
10. Doubled our national debt .
11. Announced a termination of the space defense system the day after the North Koreans launched an ICBM.
12. Despite the urgings of his own CIA director and the prior 42 CIA directors, released information on intelligence gathering. Announced major restrictions on interrogation techniques used on enemy combatant prisoners.
13. Accepted without public comment the fact that five of his cabinet members cheated on their taxes and two other appointees withdrew after they couldn't take the heat.
14. Appointed a Homeland Security Chief who quickly identified as "dangers to the nation", groups including veterans of the military, and opponents to abortion on demand, and who ordered that the word terrorism no longer be used but instead referred to such acts as man made disasters.
15. Circled the globe so he could openly apologize for America 's greatness.
16. Told Mexicans the violence in their country was mostly caused by illegal guns from the U.S.
17. Politicized the census by moving it into the White House from its Department of Commerce origins and announced ACORN [the organization under massive scrutiny amid allegations of election fraud] would manage the process.
18. Appointed as Attorney General the man who orchestrated the forced removal and expulsion from America to Cuba of a nine-year old whose mother died trying to bring him to a life of freedom in the United States .
19. Salutes as heroes three Navy SEALS who took down three terrorists who threatened one American life and the next day announces members of the Bush administration will likely stand trial for torturing a terrorist who had played a part in killing 3000 Americans by pouring water over his face.
20. Air Force One flew over New York City for a photo op without notifying local authorities causing widespread panic.
21. Took over the American Automobile industry and handed over 50% off to the unions [because he said he owed them].
22. Continued his drive for absolute gun control activities, thumbing his nose at the 2nd Amendment.
23. Offered travel and living subsidies in the U..S. to Hamas activists displaced from the Gaza Strip.
24. Got more airtime [TV] than Oprah Winfrey and was seldom in Washington tending to the business of State.
25. Announced the closure of enemy combatants detention center in Guantanamo Bay, Cuba but failed to address the issue of 'what' to do with the 200+ prisoners currently held there. Rumors persist that they'll be housed on U.S. soil...
Now that the AGW agenda / fraud has been exposed, what is the collateral damage?
We discussed this very perspective years ago, that running power plants at less than peak efficiency to fill in wind generation cycles would raise emissions, reduce reliability and increase overall cost. There were studies that indicated this would be the outcome but at the time belief in AGW allowed critics to be classified as deniers.
Indianapolis wind power contract canceled
WUWT
comment by Dr A Burns @ (18:10:50) :
We discussed this very perspective years ago, that running power plants at less than peak efficiency to fill in wind generation cycles would raise emissions, reduce reliability and increase overall cost. There were studies that indicated this would be the outcome but at the time belief in AGW allowed critics to be classified as deniers.
Indianapolis wind power contract canceled
WUWT
comment by Dr A Burns @ (18:10:50) :
Michael J. Trebilcock, professor of economics at Toronto University, says Denmark’s wind power is a con:
There is no evidence that industrial wind power is likely to have a significant impact on carbon emissions… Denmark, the world’s most wind-intensive nation, with more than 6,000 turbines generating 19% of its electricity, has yet to close a single fossil-fuel plant. It requires 50% more coal-generated electricity to cover wind power’s unpredictability, and pollution and carbon dioxide emissions have risen (by 36% in 2006 alone).
Flemming Nissen, the head of development at West Danish generating company ELSAM (one of Denmark’s largest energy utilities) tells us that “wind turbines do not reduce carbon dioxide emissions.” The German experience is no different. Der Spiegel reports that “Germany’s CO2 emissions haven’t been reduced by even a single gram,” and additional coal- and gas-fired plants have been constructed to ensure reliable delivery…
Industrial wind power is not a viable economic alternative to other energy conservation options. Again, the Danish experience is instructive. Its electricity generation costs are the highest in Europe (15?/kwh compared to Ontario’s current rate of about 6?). Niels Gram of the Danish Federation of Industries says, “windmills are a mistake and economically make no sense.” Aase Madsen , the Chair of Energy Policy in the Danish Parliament, calls it “a terribly expensive disaster.”
There is no evidence that industrial wind power is likely to have a significant impact on carbon emissions… Denmark, the world’s most wind-intensive nation, with more than 6,000 turbines generating 19% of its electricity, has yet to close a single fossil-fuel plant. It requires 50% more coal-generated electricity to cover wind power’s unpredictability, and pollution and carbon dioxide emissions have risen (by 36% in 2006 alone).
Flemming Nissen, the head of development at West Danish generating company ELSAM (one of Denmark’s largest energy utilities) tells us that “wind turbines do not reduce carbon dioxide emissions.” The German experience is no different. Der Spiegel reports that “Germany’s CO2 emissions haven’t been reduced by even a single gram,” and additional coal- and gas-fired plants have been constructed to ensure reliable delivery…
Industrial wind power is not a viable economic alternative to other energy conservation options. Again, the Danish experience is instructive. Its electricity generation costs are the highest in Europe (15?/kwh compared to Ontario’s current rate of about 6?). Niels Gram of the Danish Federation of Industries says, “windmills are a mistake and economically make no sense.” Aase Madsen , the Chair of Energy Policy in the Danish Parliament, calls it “a terribly expensive disaster.”
I know it's a pipe dream but my ideal government would make mandatory term limits and a service cap on ALL elected officials. I know they'd work a hell of a lot harder if they weren't allowed to have any contact with lobbyists and were compensated with a salary/benefits package equal to the median income/benefit of their constituents back home. Why are OUR EMPLOYEES the ones able to take long vacations and vote to increase their own wage, while nobody I know can take off for the summer and still get paid?!
This has been an interesting read and I've been tempted to jump in and fight about lithium technology vs dwindling resources or the myriad statements about the "direct" correlation between CO2/temperatures. I've even been tempted to rail on Kalifornia for their effed up ideas/concepts/beliefs. Or, the idea that we could solve the health care "crisis" if insurance companies were regulated instead of American citizens. Look at the unregulated banks and where that got us...
rant off
This has been an interesting read and I've been tempted to jump in and fight about lithium technology vs dwindling resources or the myriad statements about the "direct" correlation between CO2/temperatures. I've even been tempted to rail on Kalifornia for their effed up ideas/concepts/beliefs. Or, the idea that we could solve the health care "crisis" if insurance companies were regulated instead of American citizens. Look at the unregulated banks and where that got us...
rant off