Consumer prices will fall because the hidden payroll taxes contained in the cost of labor will no longer be a component of price. And the poor...
Thank you for posting Will's editorial. Linder's Bill will probably never see the light of day, but at least it shows that there are occasionally...
I'm not talking about eliminating taxation. I'm talking about replacing it with a more efficient system. However, you're correct that there's an...
If a person buys $10 worth of goods wholesale and sells them for $20 from a storefront, and there is no sales tax, then the government has no...
You are wrong about enforcement. I invite you to contact any government taxing authority and ask the head of the auditor division whether sales...
(1) So, we agree that business already collects taxes on behalf of the government. (2) Savings is only cherished by those who profit by the...
Merchants already serve as unpaid tax collectors for the Federal government visa vis payroll taxes. And, anyone who has ever worked for a...
Are you really ES's spouse?
I don't understand your point. How does what you've just said enable a trader to make money from an inherently inefficient/rigged market?
OK, well, assuming that you are on the money, and that this is one evidence of a rigged market, how does a trader take advantage of this inherent...
I am not in the slightest offended. Only one person on ET (and on only one occasion) has ever successfully managed that notable achievement --...
I don't think I've missed the point at all. You asked if trading was gambling. I believe that I have successfully answered the question in the...
If you bought all the tickets, it wouldn't be gambling...it would be losing! Guaranteed!
OK. 1. If the market is fair, then it must be random. Otherwise, the market is not fair. It is the very randomness of the market that...
First, let me restate the legal definition of gambling as succinctly as possible. Gambling requires three elements: 1. A prize (what you get if...
Sorry if I'm boring you, but your question is irrelevant to the thread topic, which was whether or not trading is gambling. Trading exactly meets...
In my opinion, whether or not trading = gambling, depends largely upon the potential for loss on the trade. Gambling and trading both rely on a...
Your comment captures my position, but your postulate re vectors goes one step too far. If trendlines can be extrapolated beyond their endpoints,...
Thanks. That's helpful. How long have you been trading? Do you do it for a living?
It matters if you're trying to understand why you're winning or losing. Otherwise, you may as well throw darts at the WSJ.
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