Comments on: Robert Shiller: We are not in the clear http://blogs.reuters.com/chrystia-freeland/2010/12/02/robert-shiller-we-are-not-in-the-clear-yet/ Sun, 28 Jul 2013 14:34:09 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: beofaction http://blogs.reuters.com/chrystia-freeland/2010/12/02/robert-shiller-we-are-not-in-the-clear-yet/#comment-750 Thu, 09 Dec 2010 03:54:10 +0000 http://blogs.reuters.com/chrystia-freeland/?p=576#comment-750 Corporations do not pay taxes. They pass them on to their customers. If they can’t pass on their tax burden they lay off employees or reduce benefits. The government can instantly invigorate the economy and bring companies back to our shores by eliminating corporate income taxes. Government tax revenue would actually increase, just like it does every time taxes are reduced because more money is left in the hands of the people which results in greater economic activity. The trick is to somehow prevent congress from spending at a greater pace like they did after the Bush tax cuts.

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By: ARJTurgot2 http://blogs.reuters.com/chrystia-freeland/2010/12/02/robert-shiller-we-are-not-in-the-clear-yet/#comment-695 Sat, 04 Dec 2010 23:06:34 +0000 http://blogs.reuters.com/chrystia-freeland/?p=576#comment-695 Wellll, this series is working for me, I think Shiller was an excellent choice and you did an excellent interview.

Finance is increasingly commoditized. It’s a slow process, but it is happening. It happens every time someone doesn’t call his full service broker to buy his latest stock recommendation and instead transfers money from his MMACT to buy an index fund at Vanguard. Between those two choices is now nearly forty years of financial industry history, and a sea change.

Goldman, Soc Gen, et al, have been driven into derivatives and leverage at the level they have because the slack has been pulled out of the rest of investment finance. Markets will never be wholly efficient, but many of the abuses of the New York crowd are about over. The rest of the world is increasingly unimpressed, and fleecing Americans less profitable.

The web is effectively 15 years old, but younger in terms of things like the financial information from sources like Reuters, Morningstar, etc. Now, instead of enrolling at Yale to hear Shiller, I can crank up my old Dell, scan through my email morning update from Reuters, review my Asset Allocation at Vanguard (which, since I use their brokerage service, charges me nothing to trade their increasingly varied ETFs) and eventually select my economic adviser for the day over my second cup of coffee.

Is that not progress?

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By: Rhino1 http://blogs.reuters.com/chrystia-freeland/2010/12/02/robert-shiller-we-are-not-in-the-clear-yet/#comment-678 Fri, 03 Dec 2010 08:55:56 +0000 http://blogs.reuters.com/chrystia-freeland/?p=576#comment-678 Is he on Goldmann Sachs’ payroll?

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By: breezinthru http://blogs.reuters.com/chrystia-freeland/2010/12/02/robert-shiller-we-are-not-in-the-clear-yet/#comment-676 Fri, 03 Dec 2010 02:16:56 +0000 http://blogs.reuters.com/chrystia-freeland/?p=576#comment-676 The simple truth is that American money managers and the corporations for whom they toil made more than 3 trillion dollars since the collapse while nearly everyone else in America has lost wealth and continues to lose wealth.

The simple truth is that once taxpayers were required to shoulder Wall Street’s toxic assets, the money managers were able to generate enough cash to pay off the solvency loans offered by the American government in just over a year.

The disgust and fury that many Americans harbor regarding the financial system has nothing to do with prejudice. It’s an honest, visceral reaction to the tremendous hardship and adversity that was unfairly brought on by people in power who are still maneuvering to acquire even greater wealth.

Schiller should spend at least a few moments contemplating ethics in finance.

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By: charlesv http://blogs.reuters.com/chrystia-freeland/2010/12/02/robert-shiller-we-are-not-in-the-clear-yet/#comment-675 Fri, 03 Dec 2010 02:04:13 +0000 http://blogs.reuters.com/chrystia-freeland/?p=576#comment-675 Too bad the S&P/Case-Shiller Index isn’t composed of the correct components…

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By: JamesChirico http://blogs.reuters.com/chrystia-freeland/2010/12/02/robert-shiller-we-are-not-in-the-clear-yet/#comment-671 Thu, 02 Dec 2010 22:35:17 +0000 http://blogs.reuters.com/chrystia-freeland/?p=576#comment-671 If he is such a guru then tell us whom made the margin calls on banks that forced TARP. Sorry to disagree but moneychangers do very little and harm much considering most of what they do could be done by non-profit central banks. S&P is destroying America by outsourcing for an extra 2 points on the bottom line. Over 50% of their income comes from overseas building up communist regimes like China while harming western democracies.

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By: fred5407 http://blogs.reuters.com/chrystia-freeland/2010/12/02/robert-shiller-we-are-not-in-the-clear-yet/#comment-669 Thu, 02 Dec 2010 20:57:28 +0000 http://blogs.reuters.com/chrystia-freeland/?p=576#comment-669 I think Mr. Shiller is another short time thinker and not a long term planner. Housing is just a symptom of a deeper problem of over taxation of the wage earner and under taxation of Corporations. Corporations have paid to revise the tax laws in their favor for years and are the railroad barons of old. This is no new scenario we are seeing. Just the same old “Greed” that has been around for centuries. How many of the greedy people have been even mentioned in history.

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