About CrapDetector

CrapDetector's most recent comments:

On 16 Mar 2012 in 401k loan for downpayment, CrapDetector said:
Errata: I meant that RockyRoad was wrong.
Hysteresis originally raised the "double taxation" argument, and he was wrong, too.
On 16 Mar 2012 in 401k loan for downpayment, CrapDetector said:
Hysterisis. you, and Suze Orman, are both wrong.
ThreeBays is right.
Try a simple thought experiment, as follows:
Borrow $1000 from your 401k and put it in a black box.
Put $1000 from your pay and put it in another black box.
Shuffle the boxes.
Take all the money out of one black box.. and REPAY the 401k loan.
Take all the money from the other black box, pay the loan interest and pocket the rest to spend or not.
NOW ANSWER THIS QUESTION:
Did you lose any money except the tax ultimately due on the interest paid?

The confusion lies with the pure fungibility of money which can get lost in the analysis.
On 25 Sep 2011 in Does the Patrick.net readership represent "Americans"?, CrapDetector said:
Judging from this conversation only, patrick readers are self-absorbed poseurs who have a totally unjustified and overrated opinion of themselves. They don't know left from right and waste key-strokes on superficial and unsubstantiated ideas that have the intellectual weight of gnats ..on a diet.

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