Thursday, September 3, 2020

counting, thinking, & dynamite, Nobel says his name

is being sullied ...........



you want to play with cash.....
tead italian pubmed.org ristori +  bcg
do not like ideas and more produced by those with balls? go XX! faustmanlab.org, pubmed.org faustman dl, uspto.gov inventor search faustman,....
joseph e stieglitz  says we are in a desperate financial situation because he finds no value in good ideas, s irnce, patents or the use of BCG
the nobel prize in economis detaches you from common sense and thenability to  think or even recognize those that can do.

if nobel prizes were awarded tothe dead eugene j rater so ial se urity number 096 16 1912 the lancet p106 jan 14 1978 surely would had one.

got als? and want to bet your life or an easy nobel prize? respond here
before he died ratner did observe a previously unknown als pathology. correspondence to larry powe of amgen  etc

nobel prize?  stick with the dynamite or ammonium nitrate. you willget more bang or brissonce for the buck







NEWSREGION/STATE

Lawmakers push to collect stock transfer tax to avoid cuts, layoffs


ALBANY — Rank-and-file legislators are preparing a bill to raise billions of dollars through a small tax on stock trades to avoid potential deep cuts in education and health care and higher taxes forced by the state’s lost revenue from the COVID-19 emergency.
“We are in a desperate financial situation,” said Joseph E. Stiglitz, an economics professor at Columbia University who won the Nobel Prize in 2001.
“If we don’t find additional sources of revenue, we are looking at devastation of the public sector at the state and local level that will have very serious consequences for our productivity and our society,” Stiglitz said at a recent legislative roundtable discussion.
The tax would be 5 cents for a stock sold for $20 or more per share, according to the state Department of Taxation and Finance. The tax is already on the books, but hasn’t been collected since 1981 after Wall Street firms threatened to leave New York for lower taxes in New Jersey.
The new measure has more than 100 supporters in the legislature so far, said the bill’s sponsor, Assemb. Phil Steck (D-Loudonville). He said the tax would average $13 billion a year in revenue and that similar measures are in place in the London and Hong Kong exchanges.
The new proposal hasn’t received the support of Gov. Andrew M. Cuomo or legislative leaders, or from the independent Citizens Budget Commission. They said they fear it would prompt Wall Street firms to leave New York for other cities or trade exclusively online, decimating one of the state’s biggest industries and revenue sources. That projected revenue also varies widely each year — from $16 billion in 2008 to $4 billion in 2019 — which creates uncertainty, experts said.
“The advent of the internet and online trading have enabled stock traders to engage in their livelihood from anywhere in the world,” said David Friedfel of the Citizens Budget Commission. “If only trades that go through New York exchanges are subject to the tax, it will put New York-based traders at a competitive disadvantage and provide an incentive for them to conduct business outside of New York state.”

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