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Fed takes over AIG

dealbook.blogs.nytimes.com

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Re: Fed takes over AIG

#191

Post by davidw »

netcan wrote: post #183
davidw wrote: post #180

Earlier quoted context omitted.

> Essentially, this is a highly tangled problem and a simple solution won't do. Bingo. There's a nice discussion of just a bit of the economics involved in health care in "The Undercover Economist". It's really a very complicated subject because it is not your typical market for something like shoes, to use someone else's example. Pure capitalist systems will leave at least a few unfortunate individuals to die or suf…

a few unfortunate individuals What percentage of Americans do not have access to adequate health care? You guys keep thinking about this as if the economy existed in a world where buzzwords & their associated connotations are absolute. You are not choosing between US 2008 & 1963 Soviet Russia. The most radical model likely to ever be proposed in the US is something like the UK's. The system tries to provide internal…

Read the book. It's highly recommended, and makes all the points you do and then some, and even points out an interesting compromise model that attempts to cover everyone, but still maintain some of the good effects of having a free market.

Re: Fed takes over AIG

#192

Post by 0x44 »

gills wrote: post #170
0x44 wrote: post #136

Earlier quoted context omitted.

They get it from their vast supplies of T-Bills and Bonds which cover their reserve.

And the money to pay back the bonds comes from only one source - taxes. So yeah, we can borrow it now and make the grandkids pay it off.

No, the money to repay the bonds comes from the sale of future bonds.

Re: Fed takes over AIG

#193

Post by ericb »

zach wrote: post #179
ericb wrote: post #153

Earlier quoted context omitted.

How will eliminating capital gains taxes help me as a small business owner. Lower corporate income tax rates would be intuitive, but lower capital gains taxes is kind of a head-scratcher. Should I invest in stocks via my business?

Were the company you founded to be bought out, it would be very helpful. Then again, at that point you would no longer be a small business owner. Bit of a paradox, that.

Wish I had responded sooner to continue the discussion...

If I sell, it would be capital gains taxes for an individual (me) who owns the business, not capital gains for the small business, so maybe I'm still misunderstanding what is intended.

Re: Fed takes over AIG

#194

Post by zach »

ericb wrote: post #193
zach wrote: post #179

Earlier quoted context omitted.

Were the company you founded to be bought out, it would be very helpful. Then again, at that point you would no longer be a small business owner. Bit of a paradox, that.

Wish I had responded sooner to continue the discussion... If I sell, it would be capital gains taxes for an individual (me) who owns the business, not capital gains for the small business, so maybe I'm still misunderstanding what is intended.

No problem.

All gains for small businesses are capital gains. Treating capital gains (as opposed to wages) differently is a characteristic of personal income tax. So I think they were referring only to individual investment in small business.

The way the document is written is a little creaky, so it does seem to suggest what you thought it did, that there are "business capital gains" that businesses pay a special rate on.

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