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station trading overpowered form of income?
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Darth Tickles
Doomheim
#41 - 2012-05-09 13:48:28 UTC
leocaldari wrote:
not a jita trader
jita STATION trader
this is a big big difference

I haven't seen so much, except all the trading bots Big smile

just for interest if here are some who are doing this kind of job in jita
I'm one of these rare people.


This here is about as "high-brow" as it gets, brogurt.
Johnny Frecko
Federal Navy Academy
Gallente Federation
#42 - 2012-05-09 14:12:13 UTC
And yet the fact you're a jita station trader has nothing to do with what the answer is to your question.
demand is non-elastic.
taxes roll down to consumers.
Debiru
Universal Fleet Operations
#43 - 2012-05-09 19:58:17 UTC
Barakach wrote:
"Universal healthcare is good, don't get me wrong. But having government healthcare competing with private healthcare isn't good, nor is adding trillions (plural) of dollars to a debt that is already spiraling out of control. The money pool the government said would pay for it failed in the trial run, before even coming to implementation."

Most countries with Universal healthcare not only pay less but also provide better and quicker services. If you're looking to to cut fat, look at the military. In 5 years, we spent enough on the military to pay for health-care and college for 10 years for everyone of age in the USA.

The military doesn't look big in the USA budget because anything that pertains with war does not have to come from the budget. They can just spend it and worry about the fallout later. Anything that has to do with war is effectively put on a credit card with no spending cap.

Social Security plus Medicare plus Welfare combined, doesn't even come close to our yearly war expenditures.

I don't think you've added in social security and all other medical-related programs the government handles, plus the new Medicare bill, and you've got the largest part of the U.S. Budget.

And while other countries do have universal healthcare, every single one has problems in it, and every snigle one has to devote large portions of the government budget to it.
Mu-Shi Ai
Hosono House
#44 - 2012-05-09 21:12:39 UTC
Debiru wrote:
Barakach wrote:
"Universal healthcare is good, don't get me wrong. But having government healthcare competing with private healthcare isn't good, nor is adding trillions (plural) of dollars to a debt that is already spiraling out of control. The money pool the government said would pay for it failed in the trial run, before even coming to implementation."

Most countries with Universal healthcare not only pay less but also provide better and quicker services. If you're looking to to cut fat, look at the military. In 5 years, we spent enough on the military to pay for health-care and college for 10 years for everyone of age in the USA.

The military doesn't look big in the USA budget because anything that pertains with war does not have to come from the budget. They can just spend it and worry about the fallout later. Anything that has to do with war is effectively put on a credit card with no spending cap.

Social Security plus Medicare plus Welfare combined, doesn't even come close to our yearly war expenditures.

I don't think you've added in social security and all other medical-related programs the government handles, plus the new Medicare bill, and you've got the largest part of the U.S. Budget.

And while other countries do have universal healthcare, every single one has problems in it, and every snigle one has to devote large portions of the government budget to it.


Social Security shouldn't be added, as it's broadly understood to pay for itself already.
Adunh Slavy
#45 - 2012-05-09 22:57:43 UTC
Mu-Shi Ai wrote:
Social Security shouldn't be added, as it's broadly understood to pay for itself already.



Yeah, that little cabinet of IOUs.

Nothing a printing press can't take care of, no need to worry.

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.  - William Pitt
Mu-Shi Ai
Hosono House
#46 - 2012-05-09 23:22:57 UTC  |  Edited by: Mu-Shi Ai
Adunh Slavy wrote:
Mu-Shi Ai wrote:
Social Security shouldn't be added, as it's broadly understood to pay for itself already.



Yeah, that little cabinet of IOUs.

Nothing a printing press can't take care of, no need to worry.


First of all, Social Security is paid for by a separate tax. It doesn't contribute to the national deficit, because it is funded as its own thing, directly and wholly from those taxes. In other words, no extra funds from the general budget are added toward Social Security. Secondly, it's invested in US Treasury Bonds, which beat inflation. So yeah, it does pay for itself. And that's why it's misleading to add Social Security to Medicare when we're talking about the general budget of the federal government. One pays for itself while the other does not (certain parts of Medicare require the explicit release of funds by Congress, above and beyond special taxes that fund Part A).
Adunh Slavy
#47 - 2012-05-10 00:02:03 UTC
Mu-Shi Ai wrote:
Adunh Slavy wrote:
Mu-Shi Ai wrote:
Social Security shouldn't be added, as it's broadly understood to pay for itself already.



Yeah, that little cabinet of IOUs.

Nothing a printing press can't take care of, no need to worry.


First of all, Social Security is paid for by a separate tax. It doesn't contribute to the national deficit, because it is funded as its own thing, directly and wholly from those taxes. In other words, no extra funds from the general budget are added toward Social Security. Secondly, it's invested in US Treasury Bonds, which beat inflation. So yeah, it does pay for itself. And that's why it's misleading to add Social Security to Medicare when we're talking about the general budget of the federal government. One pays for itself while the other does not (certain parts of Medicare require the explicit release of funds by Congress, above and beyond special taxes that fund Part A).



Hahaha, yeah, ok.

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.  - William Pitt
Debiru
Universal Fleet Operations
#48 - 2012-05-10 04:05:39 UTC
Adunh Slavy wrote:
Mu-Shi Ai wrote:
Social Security shouldn't be added, as it's broadly understood to pay for itself already.



Yeah, that little cabinet of IOUs.

Nothing a printing press can't take care of, no need to worry.

lul?

lul.

A sad, sad lul.
Mu-Shi Ai
Hosono House
#49 - 2012-05-10 04:29:18 UTC
Adunh Slavy wrote:
Hahaha, yeah, ok.


I'll take that as an "I understand."
Kin Dahl
Last Exit.
#50 - 2012-05-10 04:32:29 UTC
Honestly, it comes down to regulating and taxing corporations to 2% profit. Unionize every work force, police, firefighters, nurses, labour. No one make over million.

Heal the environment, cure cancer, cure aids, and finally have a one world objective. SOLAR SYSTEM COLONIZATION.

As human beings we are more concerned with TMZ and Teen Mom.

Eventually the technology age will peak and change us just like the industrial revolution, the wheel, and fire.
Amarrius Ibn Pontificus
Legion Air
#51 - 2012-05-10 06:20:22 UTC
Clearly station trading needs a serious nerf on the next expansion. Or it should be removed entirely and become a null sec exclusive.
Vera Algaert
Republic University
Minmatar Republic
#52 - 2012-05-10 06:41:44 UTC
ITT station trading makes you rich - but also delusional

.
Lord Drokoth
Hostile.
PURPLE HELMETED WARRIORS
#53 - 2012-05-10 11:59:51 UTC  |  Edited by: Lord Drokoth
Johnny Frecko wrote:

You cannot make 200-300M per hour on a steady basis station trading.
there are a few traders that cross the 1B a day, but i think it's a handful.

Sorry but yes you can.
Most of my friends make 300m plus a day and I make between 1.8 to 2.5 bill a day with a record of 10.5 b peak in one day.
It's not hard.
And I don't think I'm particularly unique either.
Adunh Slavy
#54 - 2012-05-10 12:32:34 UTC
Mu-Shi Ai wrote:
Adunh Slavy wrote:
Hahaha, yeah, ok.


I'll take that as an "I understand."



You do whatever you need to do to maintain your illusions, should be easy enough to do for an obvious statist who happily ignores BLS manipulations.

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.  - William Pitt
Mu-Shi Ai
Hosono House
#55 - 2012-05-10 13:37:17 UTC
Adunh Slavy wrote:
You do whatever you need to do to maintain your illusions, should be easy enough to do for an obvious statist who happily ignores BLS manipulations.


Well, I presented what are generally referred to as facts, and you presented "Pfft!"

Forgive me for rushing to an interpretation. Obviously both of these viewpoints are equally valid.
Adunh Slavy
#56 - 2012-05-10 13:43:30 UTC
Mu-Shi Ai wrote:
Adunh Slavy wrote:
You do whatever you need to do to maintain your illusions, should be easy enough to do for an obvious statist who happily ignores BLS manipulations.


Well, I presented what are generally referred to as facts, and you presented "Pfft!"

Forgive me for rushing to an interpretation. Obviously both of these viewpoints are equally valid.


Please go discover how the inflation measure has been changed over the years and get back to me.

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.  - William Pitt
Barakach
Caldari Provisions
Caldari State
#57 - 2012-05-10 13:59:21 UTC  |  Edited by: Barakach
Adunh Slavy wrote:
Barakach wrote:

Social Security plus Medicare plus Welfare combined, doesn't even come close to our yearly war expenditures.



SS plus medicare is 498 billion over defense.

Def is 738B, SS is 738B.

http://www.nytimes.com/interactive/2010/02/01/us/budget.html


Agree on your point about cutting defense though, no point in fighting a bunch of silly wars that are not necessary.


War expenditures are NOT part of the budget, so don't link anything about the budget. We were spending over $2tril/year on the "war" starting back in '01/'02, and that is in addition to the Def budget. Over $10tril was spent in 5 years on the war.

These numbers are from back in '06/'07 when I took my economics class and the teacher was going over how different governments have handled wars throughout history.
Johnny Frecko
Federal Navy Academy
Gallente Federation
#58 - 2012-05-10 16:09:10 UTC
Lord Drokoth wrote:
Johnny Frecko wrote:

You cannot make 200-300M per hour on a steady basis station trading.
there are a few traders that cross the 1B a day, but i think it's a handful.

Sorry but yes you can.
Most of my friends make 300m plus a day and I make between 1.8 to 2.5 bill a day with a record of 10.5 b peak in one day.
It's not hard.
And I don't think I'm particularly unique either.


As i said, you cannot make 200-300M PER HOUR, station treading, on a steady basis(like the message said).
You might have good days, you might have better days, but to consistently pull 300M PER HOUR doing nothing but station trading is incredibly difficult, to the point i would say is impossible.

the key word is consistently. Also, I know people that make 1B a day, they don't play 3 hours a day for those days(station trading, taht is.)
Kara Books
Deal with IT.
#59 - 2012-05-10 22:27:25 UTC
Johnny Frecko wrote:
Lord Drokoth wrote:
Johnny Frecko wrote:

You cannot make 200-300M per hour on a steady basis station trading.
there are a few traders that cross the 1B a day, but i think it's a handful.

Sorry but yes you can.
Most of my friends make 300m plus a day and I make between 1.8 to 2.5 bill a day with a record of 10.5 b peak in one day.
It's not hard.
And I don't think I'm particularly unique either.


As i said, you cannot make 200-300M PER HOUR, station treading, on a steady basis(like the message said).
You might have good days, you might have better days, but to consistently pull 300M PER HOUR doing nothing but station trading is incredibly difficult, to the point i would say is impossible.

the key word is consistently. Also, I know people that make 1B a day, they don't play 3 hours a day for those days(station trading, taht is.)


This thread has something to do with T2 BPO's getting nerfed?
Trollin
Perkone
Caldari State
#60 - 2012-05-10 23:13:42 UTC  |  Edited by: Trollin
Darth Tickles wrote:
flat rate income tax

pay for infrastructure, schools, basic healthcare, baseline social safety net, using private partnerships whenever its sensible and doesn't impinge on fundamental values of equality

pay for police and military

there, i just saved the world



no tax
toll road
private school
private healthcare
personal savings account, years supply of food, small arsenal w/ reloading equipment, basic tools n mechanic set
private security, neighborhood watch, cctv, personal alarm and firearms and MMA training.


there i just saved the world.

We are our own worst enemy.