Followed by 5
Ignored by 2
In United States
Registered Dec 02, 2009
Your whole life is summarized by the credit card you carry.
You have your debit card,
you have your no benefit credit card,
you have your gold, platinum and black card.
My old boss and father-in-law carries the Amex Black, which inspires me to work on the same. It says a lot about yourself and what you demand of yourself. Some poeple want surf and turf, some wants caviar and Foie Goie yet some just want a full stomach.
What do you want in your wallet?
SFace's most recent comments:
- On 16 Apr 2014
Apples's offshore tax shelters,
The protestors should protest to lawmakers as the IRS surely looked at the issue and view it as following what you voted the lawmakers to do and wrote into revenue law. Apple is quilty of following the law?
but here is a very simple scenerio.
Apple and Samsung is fighting for marketshare in the Brazil market. It is closely contested and a key battleground country.
Samsung made 1B in brazil net of Brazil tax of and having the benefit of being domciled in Gangham, they get to keep all the money and reinvest it all in Brazil and try to kill Apple. hundreds of millions reinvested to buy more carriers, sales, advertising whatever in Brazil
Apple made 1B in Brazil, but due to some protest, 300M gets eaten up by uncle Sam and auntie Sally for money earned in a market that is 5K miles away from DC. Apple cannot reinvest the same 300M like Samsug did and over a period of 5 years, the Brazil market is won by Samsung. Over a longer period, Samsung is a trillion dollar company and Apple 200B. We are all buying Samsung products and instead of talking about Apple, the world is buzzing about the Galaxy S9 and Note 7
Alternatively, Google is forced to pay tax to Uncle Sam and their blended effective tax rate goes from 20% to 30%. Meanwhile, Alibaba how wants to approach Google's turf enjoys a 15% tax rate. Money is earned but uncle Sam eats it all up. Meanwhile, Alibaba throws capital in the US market from China support and start to win in more markets around the world. Alibaba domination, Google destruction. You don;t want working capital if the federal and state government takes it. Meanwhilem China tells Alibaba to go dominate because we will not take away your working capital.
Same with oil. If Uncle Sam takes capital from Exxon, they'll just lose on the basis to Petrochina for oil find in Nigeria.
- On 10 Apr 2014
150 Homeless in Palo Alto,
had he bought a home in Palo Alto during his working years, he is probably sitting on $2M instead.
besides that point, 30+ years working credit (high pay) should be enough to live on social security in many places in America.
"But three years ago, Mr. Smith could no longer afford an apartment here, so he moved into an aging Winnebago camper."
That's why you buy not rent. When you are old and helpless, the last thing I want to do is be at the mercy of landlords
- On 9 Apr 2014
SFBA Residential Construction Projects,
New Renter says
Is compensation skyrocketing too? Rent increases have to come from
Avalon Bay is amazing predicting rent. Here is their forecast for 2014:
From Mgmt who obviously understand economic, supply and demand
"Based on what we can tell you right now just in aggregate, we're expecting blended rent change to average in the 4% range over the course of the year. Obviously, that is cyclical as you move through the seasons throughout the year, but that would be the average for the year on a blended basis." (Northern CA leads the way with slowdwon in DC)