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OT Brexit Vote

Except that California (like NJ and many blue states) actually gives more money to the US government than it gets, to help prop up many of the red states.

Mississippi and its ilk are the welfare queens of federal money that we here in NJ are propping up with our own tax dollars.
I've seen you post this many times so I'll assume it bothers you. How are Mississippi and its "Ilk" any different than our abbot districts? How comes it's horrible to talk about the failure of abbot districts and wasted tax money but ok to bitch about Mississippi?
 
I've seen you post this many times so I'll assume it bothers you. How are Mississippi and its "Ilk" any different than our abbot districts? How comes it's horrible to talk about the failure of abbot districts and wasted tax money but ok to bitch about Mississippi?

School districts are far more hamstrung in their ability to enact policy one way or another than the states. For example, the recent law in Mississippi allowing companies to fire people for being divorced or wearing pants (among other things) cost the state millions in revenue.

OTOH, Newark is pretty constrained in the way it can generate revenue, it basically has the state and property taxes. If Newark started trying to freeze people out of the district based on wearing a skirt to work, I would say give them no funding. And, while I agree that is certainly waste in Abbott districts, I don't think there is an effort to cry "district rights" any time the district would be cracked down on for doing the wrong thing. Yet states like Mississippi constantly sue the federal government with laws like these, while having the highest poverty, obesity, lowest life expectancy, etc.

States are also free to provide incentives to get businesses and people to move in. Look at what NJ and CT have done to get Wall Street business and residents. Even with Abbott money, Newark cannot allow its teachers not to pay taxes.

What can happen, and what could have been proposed, is paying charter teachers big salaries, to lure the best talent. Lots of NYC charters pay low-level teachers in the six figures and they get people who have advanced degrees from the ivies.

And lastly, there has been minimal movement in the rankings of the states at the bottom of pile. The Abbott decision is far younger than Mississippi and its taking from the feds, and certainly the backwards impositions Mississippi has made on its own economy in the name of bigotry. I mean for crying out loud, there was a federal court desegregating schools there this year!
 
Hello Tearance. How you been?
doing good Kip... knew it was you .. :D

been seeing the soundoff board lately?... you achieved legendary status over there bro!!!

iu
 
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She says "Brexit means Brexit." I hope she's good -- the UK needs leadership badly.
Yea I've seen her statements. She was actually a stay supporter but she's willing to carry out the result of the vote. Frankly, if you've seen some of her recent statements with regards to business she sounds more like Elizabeth Warren than a conservative, lol. But I've heard the conservatives there can be to the left of the Democrats here though. Not familiar enough to know the truth of that.

But they're transitioning on a quicker time table like some of the EU leaders wanted them to so that's good for both sides as getting the leadership vacuum filled is a good thing. She has said she won't invoke Article 50 til the end of the year though so we'll see.

S&P at all time highs today, would like to see it confirmed on weekly closes though but the market has been resilient to all news, Brexit or otherwise. I think one is that I think the market is pricing in a Norway/Switzerland type solution so not a big change to the status quo. But I think the biggest thing is completely independent of Brexit and that's TINA (there is no alternative). I've been surprised by the quick rebound off the Feb lows and now again the quickness of the rebound off Brexit. The rebounds aren't surprising but the quickness of them is a little. But with rates around the world so low where the heck else is there to park your money for any sort of return. The defensive stocks (utilities/staples) leading the way too don't give me confidence either. It's just a big hunt for yield and that's one of the few places you can get it but I think valuations are getting too high. Things can get inflated way beyond what you think though so just have to take it as it comes.
 
Yea I've seen her statements. She was actually a stay supporter but she's willing to carry out the result of the vote. Frankly, if you've seen some of her recent statements with regards to business she sounds more like Elizabeth Warren than a conservative, lol. But I've heard the conservatives there can be to the left of the Democrats here though. Not familiar enough to know the truth of that.

But they're transitioning on a quicker time table like some of the EU leaders wanted them to so that's good for both sides as getting the leadership vacuum filled is a good thing. She has said she won't invoke Article 50 til the end of the year though so we'll see.

S&P at all time highs today, would like to see it confirmed on weekly closes though but the market has been resilient to all news, Brexit or otherwise. I think one is that I think the market is pricing in a Norway/Switzerland type solution so not a big change to the status quo. But I think the biggest thing is completely independent of Brexit and that's TINA (there is no alternative). I've been surprised by the quick rebound off the Feb lows and now again the quickness of the rebound off Brexit. The rebounds aren't surprising but the quickness of them is a little. But with rates around the world so low where the heck else is there to park your money for any sort of return. The defensive stocks (utilities/staples) leading the way too don't give me confidence either. It's just a big hunt for yield and that's one of the few places you can get it but I think valuations are getting too high. Things can get inflated way beyond what you think though so just have to take it as it comes.


Your posts are an exact regurgitation of what I hear on CNBC and read on the front page of every financial publication ever. Do you just watch financial news all day and repeat the consensus of what you hear as your opinion?
 
Your posts are an exact regurgitation of what I hear on CNBC and read on the front page of every financial publication ever. Do you just watch financial news all day and repeat the consensus of what you hear as your opinion?
I actually do watch financial news a lot including CNBC, Bloomberg and financial publications etc. You read you listen you learn and you form your own opinions from the input you take. They have about a million opinions that come on any news channel whether it be CNBC, CNN, Bloomberg, WSJ etc.. You don't see me spouting off any opinion here if I don't agree with it or isn't something I've thought of myself before. How you would describe what's going on and how would post it here? I've seen some here talk about Cramer as someone to follow but I think he's unhelpful for the average retail guy out there and pay little attention to him as well as others. I sift through the info I get and take what I think is right and discard what I think isn't.

I wouldn't call it consensus at all. People thought Brexit was going to crash everything now suddenly it's new highs where was the consensus on any of that from one extreme to the other. I wouldn't say there's consensus on a lot of things and everyone has their own opinion and all these shows bring on a ton of people with many varying opinions. I pick and choose from what I read and see as to what I think is going on and I will give my opinion of it here. Do you think the terms are some unique thing because one says Brexit or TINA or what have you? Is there some copyright, lol.

Rather than saying whether you agree with something or not, you just attack or ridicule. It's happened before here too for absolutely no reason as if I need some any sort of validation from an internet messageboard for the trades I make or debate I take part in. Take a look at my NKE trade in one of the threads out there it was about right. Certainly nothing on CNBC/Bloomberg about technical levels and where support may lie. I've said this before it's a freaking messageboard don't take it so seriously. You can think I'm the biggest moron on the planet or the greatest genius out there it adds nothing and takes nothing away from me. I suppose it's the nature of the beast, don't want to add to the conversation but just take pot shots.
 
Conservatives in the UK call the National Health Service a treasure and many pushed for gay marriage.

The right wing in Australia was furious in the most recent election when Labour accused them of wanting American-style health care, which they are strongly against. After a mass shooting, John Howard, a good friend of Bush and Iraq War advocate, led the charge for gun control.

The "conservatives" in our country are in a league of their own. They are out of lockstep on most issues with what is considered center right in every other Western country, especially healthcare and guns, and also quite often the role of religion in public life.

It certainly creates a more interesting debate when you don't have to relitigate the same issues that were decided decades ago in every election.
 
Without subscribing to what NIRH said, it is true that Conservatives in the U.K. tend not to be like American little-c conservatives. Conservatives in Britain see one task of the upper classes as being taking care of the lower classes -- noblesse oblige, if you will. Without such care, conservative believe, society will fall apart to the detriment of the preservation of the social order. You can see this in the pages of the Economist, which believes in unleashing capitalism, but not at the price of social peace.

Conservative parties in Europe tend to be Christian Democratic parties that also see a strong responsibility to those less fortunate in life. So they too tend to be different from American conservatives. All of these nations have much less of a laissez-faire tradition than does the United States. Is this better or worse? All I can say is that it is different. European economies tend to be less vibrant than the American for a number of reasons; it's not nearly all due to this difference in emphasis. (One reason is that America is better at absorbing immigrants, thus increasing the number of valuable members of the work force -- European nations are much more top-heavy with older people.)
 
I am not sure the US has a laissez faire tradition. New Deal, Great Society...it was really in 1980s that this rhetoric surfaced even though in large part it was never carried out at the national level. And really it was only recently carried out at the state level when the GOP got some state super majorities- and again, the Kansas and Louisiana results can be compared with the California ones, and it gets very, very ugly quite quickly for the idea that we can replace income tax with a regressive consumption tax.

We are definitely better at absorbing immigrants, but Canada also has free healthcare, which wasn't touched in over a decade of right wing governments, and they are 20% foreign born and a country known to do a fantastic job at integration.

And to be fair, it is not so much that Canadian conservatives (or European ones) are more benevolent, it has a lot more to do with special interests and the outsize role they are handed time and again on nearly every issue in this country. There is no Canadian/Australian/European Koch, Norquist, etc because the people there would be deeply incensed at such an invasion of the political process.
 
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If you look at French and German history, say, you will see much more involvement by the government in investment decisions and in management of the economy than in the United States. Americans tend to be much more individualistic in their political and economic philosophy than Europeans; this is partly because the U.S. had, if you will, a "Brexit" of its own., and partly because we see ourselves as the land of opportunity where people come from elsewhere for freedom from oppression and for the chance to make the most of themselves. That's certainly why my grandparents (all born in Europe) came to America.
 
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Yes from a comparative perspective that is certainly true. We still do have our "socialism" like Social Security, Medicare, etc., though, sometimes that is forgotten.
 
Yes from a comparative perspective that is certainly true. We still do have our "socialism" like Social Security, Medicare, etc., though, sometimes that is forgotten.

The "social net" is much stronger in other nations. Being individualists in a land of opportunity, Americans tend to feel that poverty is largely the fault of the poor. And since there is no overriding "tribal" identity, Americans feel less responsibility for others than say, the French. I am not either excusing or denouncing any of this; just emphasizing that America is different.
 
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Oh well that aspect is definitely true and true in even between more socialized countries, (eg, Sweden vs Canada).

It is also interesting regarding your point about France, Le Pen actually wants to expand the social safety net, just not have immigrants coming and partaking. We are starting to see a shift here as well with Trump on trade and Social Security and Medicare, where is he is somewhere to the left of Bernie.

I have been reading that in light of Trump and Brexit and the geographic and educational divide, that the West is moving away from left-right and towards cosmopolitan-nationalist.
 
Canada has selective immigration. You just can't show up and start getting free healthcare like here. The reason Canada's health system works, is that they have far fewer non-contributing users. Go put 20 million illegals into their system, and see how things go.
 
If the deal was single payer for a points system, I think most liberals would be on board.

The Green Card system makes no sense.

Also, the undocumented in the US already have socialized medicine, it's called go the hospital for every medical problem and pay if you feel like it. So it would be a savings to get them single payer.
 
All you can get in America is medicaid, and that's not a generous program (try getting a doctor to accept it) nor does it cover all poor people in the states that chose not to expand the program after the passage of Obamacare. And to get Obamacare, you must prove legal status -- and that's something that requires a lot of effort.
 
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States like California are not adhering to citizens being eligible for Obamacare.

Markets are rocking. The doomsday Brexiteers were wrong, again.
 
California is seeking to change it. That's one state out of 49. Many of the other 49 did not even extend Medicaid for their own citizens. People like John Kasich failed an ideological purity test as a result.

I'm sure it has nothing to do with anti-Brexit PM Theresa May assuming the role, and the announcement that Parliament has to approve it, despite the pound still comparatively scraping the bottom of the barrel.
 
Or just go to MacArthur park in LA and get a fraudulent one. They seem to work extremely well out here.
 
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