Oh crap, that’s not water, is it?
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Time to throw some water on the charade, ladies and gents. Time to get back to some sensible economic thinking and, more important, practice.
Are you familiar with the 1099 fiasco attached to the recent Health Care Legislation? Rather than wax bombastic on the errancy of the bill, it’s probably better I just lay it out here:
Section 9006 of the health care bill — just a few lines buried in the 2,409-page document — mandates that beginning in 2012 all companies will have to issue 1099 tax forms not just to contract workers but to any individual or corporation from which they buy more than $600 in goods or services in a tax year.
The stealth change radically alters the nature of 1099s and means businesses will have to issue millions of new tax documents each year.
This is just one provision of the 2,500 page healthcare law that was snuck in by conniving tax eating Dems looking to play hardball with the millions of American businesses. That the 1099 provision would be an inefficient saddling of our business community with tonnes of useless paperwork is not even the most egregious quality of this directive…
No, the worst of it is that it reflects a fundamental distrust of the American business community. A distrust so inbred and incapable of “change” that it results in laws that will not only throw sand in the cogs of our great commercial structure, but will also create larger barriers to entry for the small business entrepreneurs that have ever been the font of innovation and new employment in our economy.
These are the kommisars, my friends. They have come to take control, via oversight of your healthcare, and now of your commerce. Tomorrow I may speak about the bill they are currently bruiting about that calls for a 1% transaction fee on all financial transactions, even simple banking measures.
No worries, however, that 2% roundtrip tax on the deposit and withdrawl of your weekly paycheck is merely in keeping with “fiscal responsibility” and “deficit reduction.” Because, as we all know folks, that’s the Democrats’ main priority, right?
Don’t tell me there’s no difference, folks.
MORE ELECTION COVERAGE TOMORROW AND TUESDAY… stay tuned!
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Gold’s holding up. I will look to lighten on some of that massive ANV call position, probably tomorrow. I will annouce any sales in The PPT and then in this blog. Best to you all.
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Dude from PA is sponsoring that 1% rule. HR 4646
He’ll be gone Tuesday.
I’d just heard about that one recently. Could not freaking believe it. That whole bill was written by allegedly serious people who were at least monitored by someone who was elected in these here United States.
2% roundtrip excise for every paycheck, interest accrual, annual fee, interbank transfer (from savings to checking, for instance!) and this jerkbag thought maybe that was a good idea?
This is what I’m talking about, though. Rather than spend five minutes on seeing how they might reduce some of the insane spending, they throw every “innovative” cell in their corpus towards figuring out how to extract more revenue from the private sector.
Throw each and every last one of them the hell out.
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And stock trade!
Sure, why not? In fact, I think that’s where the idea started. Sirry irriots should have stopped there, and maybe they’d have had a chance. Instead, they got greedy.
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NGD launching again today.
Nice medium sizer, good for the possible M&A folder.
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Earl just went bonkers too. WTF?
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http://pewsocialtrends.org/
Isn’t that a thing?
Another feather in the hat of “progressive” America. You see, wealthy people can afford really stupid ideas like “a women needs a man like a fish needs a bicycle,” because wealthy women can afford to raise kids on their own (although its still a huge pain in the ass and the kids usually turn out warped).
Those without capital, however, cannot afford stupid ideas, even though they are broadcast to them 24-7 by the popular culture controlled by — you guessed it! — wealthy people.
So in the end you achieve results like your above link — the triumph of progress! A screwed up, consistently falling behind segment of your society thanks to their drinking the “marriage is outdated” Kool-Aid.
Please libs, tell me again about that “wealth gap” you are so concerned about all the time.
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You’re already warmed up for tomorrow’s blogging event. Aren’t you? 🙂
Ties in with more kids being raised by grandparents, and now 59% of children are born to unwed mothers (down from 72% just 18 years ago).
Recession and birth rate was also interesting. Might create some interesting issues in 16-25 years from now (no teens to make teenburgers, etc).
TC gapped up on Friday and still seems to be relatively strong today. Really no resistance there until $13.
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Jake,
EXK cut to underperform from market. Does that bother you?
Not particularly.
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New high for MVG today …
Mentioned in the PPT a couple of hourse back. Are you a member yet?
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Not yet ….
C’mon cheapo. Haven’t you made enough off your PM’s plus your twenty eight count methodologies?
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I’m doing so well I haven’t felt the need to join … though I do think it will save me time doing research. I will become an “Extraordinary Gentleman” soon enough if not for the research then for the common wisdom of the picks as they seem to parallel my own. It wouldn’t hurt me to do some more short term trading with the usual swing trading to pick up some extra fiat currency for use in adding to my hard assets.
There’s tonnes of that in there, that’s for sure. Really, really excellent traders whom you never see out here.
Sarious.
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Jake,
I sold a little bit of PAAS at 32.50 and SLW at 29.15 this morning because they both look like they’re getting to a little overbought on the daily. If they adjust in time and then start to move back up, I’ll be able to capture the next leg.
What’s your thoughts?
Don’t sell it all, is all.
Don’t want to get caught outside in the cold.
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I didn’t. I sold half this A.M. of SLW & PAAS and about 35% of EXK & ANV. I will hedge 60%-80% of the rest via selling calls if need be. I still have full positions in RGLD, FRG, IAG,
Jake,
Bought a 1/3 position in MVG @ 8.92.
Thanks!
Brucie, I found that giganto post in response to Go2Mars caught in my spam filter and released it. You might think of breaking it in two next time.
Also, if something like that gets caught just let me know and I can get to it in a more timely fashion.
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