<p>I’m all in favor of getting rid of fictions generally, but one thing you could do is to use the amount collected from the higher income earners to reduce the percentage paid by lower and middle class earners for social security.</p>
<p>I realize none of this is actually going to happen.</p>
<p>Well, it’s official. Mattrick is leaving Microsoft.
[StreetInsider.com</a> - Zynga (ZNGA) Names Microsoft’s (MSFT) Don Mattrick as CEO](<a href=“Zynga (ZNGA) Names Microsoft's (MSFT) Don Mattrick as CEO”>Zynga (ZNGA) Names Microsoft's (MSFT) Don Mattrick as CEO)</p>
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<p>You’d have to greatly increase the caps for this to be worth anything.</p>
<p>I would lift the caps entirely. If we’re going to have an income tax, let’s tax everybody’s income.</p>
<p>“I would lift the caps entirely. If we’re going to have an income tax, let’s tax everybody’s income.”</p>
<p>My suggestion (at least for the Social Security portion of it, not Medicare or SSI), is also to raise caps and have all income taxed. Maybe not at such high a rate, because my system would be less costly. Lower the amount that lower/middle income people pay, but everyone has to pay something into it. </p>
<p>Then only allow people who earn less than a specific income and asset level to collect on it.</p>
<p>Of course, this sounds completely unfair, but there is nothing about SS that is fair. You can pay your entire life and die the day you retire, or you can pay little into it and collect for many decades. Some people are completely screwed by the current system, but at least in my system, you know exactly who will be screwed. And if your income or assets decline to a certain level, then you can collect it too.</p>
<p>In my plan, we would not pretend that this is any sort of retirement system. This would be welfare for the elderly, and referred to as such. The reality is, we don’t want to see our elderly on the street and starving, yet most of us don’t want to take full responsibility for our elders (some exceptions, of course). So we need to keep this system going for all of our sakes. There would be far fewer people collecting, and much more going in. Completely unfair, but I personally think it should be treated as a welfare system to keep it solvent.</p>
<p>This video makes me laugh: [Buy</a> Gold or Stocks? - CNBC](<a href=“http://video.cnbc.com/gallery/?play=1&video=3000179852]Buy”>http://video.cnbc.com/gallery/?play=1&video=3000179852)</p>
<p>"“Infosys, an India-based offshore IT outsourcing firm, recently announced that it had won a $49.5 million contract to develop a health benefit exchange for the District of Columbia. The contract was awarded to a U.S.-based Infosys subsidiary, Infosys Public Services. That’s one of the larger government contracts won by an offshore outsourcing firm, but it’s unclear whether any of the work will be done overseas. The District isn’t disclosing any contract details. An FOIA request for the contract has been submitted. Infosys is one of the largest users of H-1B visas, and has been under a grand jury investigation for its use of B1 visitor visas.”"</p>
<p>-- SlashDot</p>
<p>We have plenty of US Consulting companies - why Infosys?</p>
<p>Because they will provide “highly skilled” consultants at the lowest cost possible? No complaints about OT hours with little/no pay to ensure that the H1-B visa or green card is extended or sponsored?</p>
<p>BCEagle91, that is a good question.</p>
<p>Doct, I like your quantopian link. I am not sure why the author needed an algo to do his trade.</p>
<p>The public comments looked a little weak but that is ok.</p>
<p>My favorite intc booster…</p>
<p>[Seeking</a> Alpha](<a href=“Seeking Alpha | Stock Market Analysis & Tools for Investors”>Seeking Alpha | Stock Market Analysis & Tools for Investors)</p>
<p>He’s on my INTC board and he gets some of his material from that board. There are Intel insiders and general smart EE-types there.</p>
<p>He is not really my favorite. I dont have a favorite. He is a prolific booster though.</p>
<p>The stuff that he posts is accurate too - he checks his stuff on the forum before posting it.</p>
<p>That is good to know. Thanks.</p>
<p>I’m getting buried in work for this summer.</p>
<p>I guess it’s good to have too much work. For job security. We did want to take a few days off for vacation. I guess I’ll bring a laptop along. I think our company is fairly busy - at least from what I see in our little building.</p>
<p>You like to work so buried in work sounds good.</p>
<p>I am going on vacation for a couple of days but I will still have access to the internet.</p>
<p>If it’s a family vacation, then son will probably bring two laptops too (one is a secure work-issued machine). I was actually hoping to make a lot of progress on fitness but it doesn’t look like that’s going to happen.</p>
<p>I was thinking of just bringing smartphones until I read your post. Maybe my daughter will bring a laptop. Maybe I will bring the ipad.</p>
<p>I am with you on the fitness. I havent worked out for 3 days and may take the rest of the week off. This is the longest I havent worked out since Oct. My legs are a little tired. I need a break.</p>
<p>[How</a> Fed Avoids Deterring Bondholders With 7% Jobless Is Mystery - Bloomberg](<a href=“Bloomberg - Are you a robot?”>Bloomberg - Are you a robot?)</p>
<p>In case someone is interested in the Winklevoss bitcoin ETF.
</p>
<p>Th thrill in investing in something that may be illegal. :o
</p>
<p>[Beware</a> the Risks of the Bitcoin: Winklevii Outline the Downside - MoneyBeat - WSJ](<a href=“http://blogs.wsj.com/moneybeat/2013/07/02/beware-the-risks-of-the-bitcoin-winklevii-outline-the-downside/]Beware”>http://blogs.wsj.com/moneybeat/2013/07/02/beware-the-risks-of-the-bitcoin-winklevii-outline-the-downside/)</p>