PatsFanInVa

Yah, I'm a pretty anti-states-rights guy on this subject. I don't know if it's changed but a few years back, just about any credit card had a mailing address in Delaware.

Why? The best structure for these companies was (maybe still is) Delaware.

Let's say I have capital requirements for insurance. That is, let's say that in New York, for every dollar I have pledged to pay for a certain insurable event, I'm required to have a dime I can tap (obviously the events won't happen to everyone all at once.)

Now let's say in Jersey, I only have to have a penny on the dollar.

Where do I move the biz? Jersey.

And who wins? The Corporation, which continue to take in big premiums, and only have a penny on the dollar to do the actual insuring.

Who loses? You and me. We pay that same premium, and the states race to the bottom in letting corporations do the ****tiest possible job on their end of the bargain.

I feel as strongly about this in the financial sector (insurance, banking, etc.) as in other sectors.

The states "competing" to attract businesses really equates to a mechanism to advantage businesses against the general population, whether as workers, consumers, or patients.

PFnV

IcyPatriot

IllegalContact

The problem is actually very simple...... it is based on instant gratification.....

I have recently merged homes with my fiancee, and it is a tale of 2 types of kids..... my kids, who have learned that a balance between saving and spending provides dividends as they split their gift money, baby-sitting money, and other random forms of income right down the middle between saving and spending. the each have several thousand dollars in savings, and the older is preparing to take half of her savings and buy a car (she just got her license). Much of this had to do with an agreed to philosophy between my former souse and I about common principles our kids should have.

her kids have it differently.....their father tried to buy their affection and what that has created is 2 kids with an insatiable appetite for immediate gratification....they are the same age and the older does not have a dime, but still feels that if my daughter buys a car, that he deserves one, too. The problem is that he spends his money as he gets it (I think their incomes are roughly similar) based on the notion that there is no point to have the oney sitting there doing nothing. Good kid, but sadly mistaken about how things should work. Even my 12 year old has a more responsible approach when it comes to economics.

The point here is that the balance of people in our society have shifted to the latter example.

The sad fact is that people can still start from zero and amass wealth, but more and more people simply choose not to do this, opting for the immediate gratification to keep up with their neighbors or to fill the void inside of themselves the easy way.

Sorry.........this calamity is just as self-inflicted as it is anything else

Mrs.PatsFanInVa

I wish you luck with your merger.

And I mean that from the bottom of my liberal little heart. I've been there, done that and it's not easy - not by a long shot.

Just to keep this on thread topic - I agree, much of the current mess has been self-inflicted.

IllegalContact

the funny part is that my daughter is pretty liberal and my step son is pretty conservative.....you'd think that defies logic, but a lack of common-sense is not a political issue

Mrs.PatsFanInVa

Politics is often a matter of the heart - and the heart is never logical.

Real World

They're teenagers. I don't think either has a genuine understanding of what liberal and conservative means in a political context. Good job with your daughter, and good luck with the step son. Hopefully you can instill a few of those money saving principles into that kid before it's too late.

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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897

IllegalContact

oh, yes they do......both are AP students in several subject, both are top 2 percenters when it comes to their studies.....both make a point to understand everything.

He will learn finances........he won't have a car otherwise. The lesson will be harsh when she hops in her car and drives away, but he'll get it pretty quickly.....he's sharp that way

I do agree that politics has nothing to do with it as their emotional maturity varies from topic to topic......but they know what's going on