Author Topic: The Warren Basket  (Read 3878 times)

Castanza

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Re: The Warren Basket
« Reply #10 on: November 03, 2019, 10:44:36 AM »
I travel to Germany about 3 month total including Prague, Costa Rica, and Mexico for work. I work daily with many people from these countries and the ones who are here in the US on work visa beg and moan and cry not to go back when their visas come up for expiration (and I wish they didnít have to go). They ALL want to have their visas extended. Not to mention that 80% of them have kids while theyíre here. I was talking with a coworker Standa a little bit ago. He said he loves the US health insurance. He pays $80 a month company pays like $200ish where as in Prague he said he was paying 10k a year through taxes etc.
Now Germany and Prague are not terrible in any sense. Beautiful countries. But the idea or argument that ďoh well, the worst we can be is like so and so.Ē Is completely counterintuitive. Why does the US exist in the first place? It certainly doesnít exist to be like Europe. If you all like Europe so much then why choose to live in the US? You sound like the homeschool kids who complain about missing out on sports that the local school offers.

You canít have the cake and eat it too.


cherzeca

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Re: The Warren Basket
« Reply #11 on: November 03, 2019, 01:29:32 PM »
right now I am watching the D primary process.  Biden could come back after not winning Iowa and NH.  Bloomberg could jump in.  HRC could have her name put in nomination at the convention and win on second ballot (when super delegates are allowed to vote). etc.  but this absolutely bears watching from a portfolio preservation point of view. 

no_free_lunch

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Re: The Warren Basket
« Reply #12 on: November 03, 2019, 01:39:58 PM »
I'm not sure about Germany but the Nordic countries havhaved a very different taxation policy than what Warren is proposing. Their corporate tax rates are comparable to the US but personal tax is much higher in particular for the middle class. So Warren will reference these countries when it suits her but ignore the details she doesn't care for.

I think this Nordic model makes more sense. You want health care?  No problem but you are gonna pay via your taxes.  There needs to be some more personal responsibility, you can't just push it all in business. Why would anyone want to start a business, why would they want to ramp up hiring?
« Last Edit: November 03, 2019, 01:42:24 PM by no_free_lunch »

Gregmal

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Re: The Warren Basket
« Reply #13 on: November 03, 2019, 01:52:39 PM »
It doesnít need to make sense. Running for President or any of the higher offices is much like holding a senior executive position at a public company. You only need to get in for it to be life changing. So say whatever you have to in order to get there. Results are irrelevant, as once itís time to judge(in and of itself quite a while as your base will swallow excuses for a long time as well) youíve already gotten what you want.

Spekulatius

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Re: The Warren Basket
« Reply #14 on: November 03, 2019, 01:56:54 PM »
I'm not sure about Germany but the Nordic countries havhaved a very different taxation policy than what Warren is proposing. Their corporate tax rates are comparable to the US but personal tax is much higher in particular for the middle class. So Warren will reference these countries when it suits her but ignore the details she doesn't care for.

I think this Nordic model makes more sense. You want health care?  No problem but you are gonna pay via your taxes.  There needs to be some more personal responsibility, you can't just push it all in business. Why would anyone want to start a business, why would they want to ramp up hiring?

Itís similar in Germany, corporate taxes arenít much higher there than in the US. Also, health care isnít free either, itís paid for in taxes, which is a capped tax of 15.5%, 8.2% paid by the insured and 7.3% is paid by the employer. Itís not free by any means.
Life is too short for cheap beer and wine.

nodnub

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Re: The Warren Basket
« Reply #15 on: November 03, 2019, 02:20:39 PM »
I travel to Germany about 3 month total including Prague, Costa Rica, and Mexico for work. I work daily with many people from these countries and the ones who are here in the US on work visa beg and moan and cry not to go back when their visas come up for expiration (and I wish they didnít have to go). They ALL want to have their visas extended. Not to mention that 80% of them have kids while theyíre here. I was talking with a coworker Standa a little bit ago. He said he loves the US health insurance. He pays $80 a month company pays like $200ish where as in Prague he said he was paying 10k a year through taxes etc.
Now Germany and Prague are not terrible in any sense. Beautiful countries. But the idea or argument that ďoh well, the worst we can be is like so and so.Ē Is completely counterintuitive. Why does the US exist in the first place? It certainly doesnít exist to be like Europe. If you all like Europe so much then why choose to live in the US? You sound like the homeschool kids who complain about missing out on sports that the local school offers.

You canít have the cake and eat it too.

Those figures for health care costs in Czech republic sound way off base. Have you had a chance to verify that somehow.  Keep in mind anecdotal evidence from taxpayers is not always true.  For example, I cant count how many people I have met that dont understand fundamental personal finance stuff like marginal tax rates.

RuleNumberOne

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Re: The Warren Basket
« Reply #16 on: November 03, 2019, 02:44:41 PM »
Curiously European pension funds all prefer US stocks over European ones. Look at the holdings of Norway's sovereign wealth fund.

On top of this the US taxpayer also pays for European defense via NATO! Trump asked them to "pay their fair share" and they have only spewed hate against Trump ever since.

I travel to Germany about 3 month total including Prague, Costa Rica, and Mexico for work. I work daily with many people from these countries and the ones who are here in the US on work visa beg and moan and cry not to go back when their visas come up for expiration (and I wish they didnít have to go). They ALL want to have their visas extended. Not to mention that 80% of them have kids while theyíre here. I was talking with a coworker Standa a little bit ago. He said he loves the US health insurance. He pays $80 a month company pays like $200ish where as in Prague he said he was paying 10k a year through taxes etc.
Now Germany and Prague are not terrible in any sense. Beautiful countries. But the idea or argument that ďoh well, the worst we can be is like so and so.Ē Is completely counterintuitive. Why does the US exist in the first place? It certainly doesnít exist to be like Europe. If you all like Europe so much then why choose to live in the US? You sound like the homeschool kids who complain about missing out on sports that the local school offers.

You canít have the cake and eat it too.

Castanza

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Re: The Warren Basket
« Reply #17 on: November 03, 2019, 02:49:11 PM »
I travel to Germany about 3 month total including Prague, Costa Rica, and Mexico for work. I work daily with many people from these countries and the ones who are here in the US on work visa beg and moan and cry not to go back when their visas come up for expiration (and I wish they didnít have to go). They ALL want to have their visas extended. Not to mention that 80% of them have kids while theyíre here. I was talking with a coworker Standa a little bit ago. He said he loves the US health insurance. He pays $80 a month company pays like $200ish where as in Prague he said he was paying 10k a year through taxes etc.
Now Germany and Prague are not terrible in any sense. Beautiful countries. But the idea or argument that ďoh well, the worst we can be is like so and so.Ē Is completely counterintuitive. Why does the US exist in the first place? It certainly doesnít exist to be like Europe. If you all like Europe so much then why choose to live in the US? You sound like the homeschool kids who complain about missing out on sports that the local school offers.

You canít have the cake and eat it too.

Those figures for health care costs in Czech republic sound way off base. Have you had a chance to verify that somehow.  Keep in mind anecdotal evidence from taxpayers is not always true.  For example, I cant count how many people I have met that dont understand fundamental personal finance stuff like marginal tax rates.

Certainly! I generally take everything with a grain of salt. But I know about 20ish people who live here currently and only 1 of them seems to have an issue with the insurance. $80/m 1k deductible 3k max oop and $20 copay (none for preventative). For healthy people this is no expensive by any means. And I definitely donít have the best insurance around.

Castanza

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Re: The Warren Basket
« Reply #18 on: November 03, 2019, 02:58:06 PM »
I'm not sure about Germany but the Nordic countries havhaved a very different taxation policy than what Warren is proposing. Their corporate tax rates are comparable to the US but personal tax is much higher in particular for the middle class. So Warren will reference these countries when it suits her but ignore the details she doesn't care for.

I think this Nordic model makes more sense. You want health care?  No problem but you are gonna pay via your taxes.  There needs to be some more personal responsibility, you can't just push it all in business. Why would anyone want to start a business, why would they want to ramp up hiring?

It’s similar in Germany, corporate taxes aren’t much higher there than in the US. Also, health care isn’t free either, it’s paid for in taxes, which is a capped tax of 15.5%, 8.2% paid by the insured and 7.3% is paid by the employer. It’s not free by any means.


Then what’s the benefit? Because rough math for someone earning 65k a year would be 5,330 (-960, -1k, -3k) and you’re basically at my insurance except I’d have $370 less. Make more pay more. I know my coworker makes somewhere between 100-120k usd so that would put him close to 10k costs in healthcare using the numbers you provided.

It’s similar in Germany, corporate taxes aren’t much higher there than in the US. Also, health care isn’t free either, it’s paid for in taxes, which is a capped tax of 15.5%, 8.2% paid by the insured and 7.3% is paid by the employer. It’s not free by any means.

SharperDingaan

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Re: The Warren Basket
« Reply #19 on: November 03, 2019, 03:22:15 PM »
This is a very 'amusing' discussion ...

According to odds.watch, Warren has a 19% chance of winning the 2020 Presidential Election. And is down 10 points in < 1 month!
Even 'Trump will leave office early', clocks in with higher odds - 21% as at current time.
https://odds.watch/elizabeth-warren-2020

Of course, no one wants to believe a betting shop's odds ....
Yet the 'investment's' results - will be based on potential gain/loss x the prob. of occurrence (betting shop odds)
I like the 'Trump will be impeached' at 74%, and rising  ;D

SD