Poverty Archives - Market Mad House

daniel August 28, 2021August 28, 2021 Flip-Phones, Homelessness, Inequality, One Star Trek Prediction We Hope Never Comes True, Poverty, Several times Star Trek Predicted the Future, The End of Television, Video Conferencing, Virtual assistants, Wearable Tech

Several times Star Trek Predicted the Future

Conversely, Star Trek’s many franchises got a few things right about the future. Some predictions of the future Star Trek got right included:

Politics

daniel April 19, 2015April 19, 2016 Fair Tax, FICA, Get Rich Slowly, Income Inequality, Minimum Wage, Mr. Money Mustache, Pinketty, Poor Dad, Poverty, Rich Dad, Social Security

Payroll Taxes and the Minimum Wage

It is time we took a serious look at our entire tax system and started reforming it. We need to restore fiscal sanity in Washington and, more importantly, create a system that stimulates the economy and helps average Americans, not one that takes 12% of even the poorest citizens’ income for dubious purposes. We also need a tax system in which the rich pay their fair share.

Crazy Stocks Stocks

daniel March 11, 2015March 9, 2016 AAPL, Alibaba, Amazon, American Express, AMZN, BABA, Benjamin Graham, Berkshire Hathaway, Charley Munger, COST, Costco, EBAY, Jeff Bezos, Poverty, Value Investing, Wal-Mart, Warren Buffett

eBay Is Now an Acquisition Target

A very dark horse contender for an eBay acquisition would be Berkshire Hathaway (NYSE: BERK.B). Uncle Warren is famously technology adverse, but eBay does meet some of his criteria: it’s a good company with a strong brand that’s well respected on Main Street but undervalued by the market. It also has a business model that generates a lot of float and cash—two of Buffett’s favorite things.

Crazy Stocks Stocks

daniel February 11, 2015March 14, 2016 AAPL, Cash Flow, COST, Digital Entertainment, Disruptive Technology, EPS, Float, King Digital, Poverty, TTM revenue, Value Investing, Warren Buffett, WWE, WWE stock

WWE’s Digital Entertainment Gamble Paying Off for Now

WWE needs to demonstrate that it can buck this trend if it wants to be taken seriously as a company with a lot of float. We need to see more than numbers from WWE; we need to see some serious increases in cash flow to justify this new business model.

Politics

daniel January 22, 2015February 24, 2016 Benjamin Graham, Disruptive Technology, Dollar General, Dollar Tree, Income Inequality, Mr. Money Mustache, Pay Day Lending, Pinketty, Poverty, Target, Toyota, TSLA, Value Investing, Wal-Mart

The Future of Income Inequality

Traditional solutions to income inequality, such as minimum wage increases, unionization, tariffs, and confiscatory taxes, will become increasingly ineffective.

Politics

daniel January 4, 2015February 14, 2016 $3.452 billion in cash from financing, AAPL, American Express, Apple Pay, Apple Stock, COST, Digital Walelts, Digital Wallet, Disruptive Technology, Dollar General, Guaranteed Income, Income Ineqality, Mr. Market, Mr. Money Mustache, PayPal, Poverty, Venmo, WMT, XOOM

How Digital Wallets Could Help the Poor and Reduce the Cost of Government

Since most poor people have or could easily buy a smartphone, the government could simply disperse the aid to an app such as Venmo or Apple Pay. This would eliminate the paperwork, and it could be used to greatly reduce the bureaucracy.

Thrift

daniel December 26, 2014March 5, 2016 Benjamin Graham, Berkshire Hathaway, Dollar Tree, Family Dollar, FDO, Mr. Money Mustache, Poverty, Sears, Thrift, Thrift Store, Value Investing, Warren Buffett

Items you Should Not Buy at a Thrift Store

If it is at a thrift store and somebody got rid of it, ask yourself why.

Long Ideas Politics

daniel December 17, 2014March 15, 2016 America’s Middle Class Is Lost, average income, Consumer Loans, COST, Costco, CVS Health, Disruptive Technology, Dollar General, Dollar Stores, Dollar Tree, Economy Is Not Working for Average Americans, Family Dollar, FDO, Gold, GOOG, Income of 81% of Americans Has Fallen Since 1999, Incomes in 572 American counties peaked in 1979, Kroger, Middle Class Is Lost, Poverty, Value Investing, WAG, Where the Recovery Is Not: Middle America, Why America’s Middle Class Is Lost, WMT

The Income of 81% of Americans Has Fallen Since 1999

The bottom line is that the economy is not working for average Americans. Incomes are falling and destroying America’s economic health. Inequality is growing too as technology lets the affluent take advantage of opportunities such as the booming stock market while the average family has a hard time buying groceries.

Politics

daniel December 15, 2014March 6, 2016 Apple Pay, Bank of America, Berkshire Hathaway, Bitcoin Obama, COST, Costco, Crypto Currency, CVS Health, Disruptive Technology, Dollar General, Family Dollar, Get Rich Slowly, Guaranteed Income, Investment, Jesus Insanity, Mr. Market, Mr. Money Mustache, Poverty, Value Investing, Venmo, Warren Buffett

An Idea whose Time Has Come Again

Today of course next generation payment solutions such as PayPal, Venmo and Apple Pay would make it easier to distribute founds directly to the poor without much bureaucracy or expense. Since most poor people have smartphones they could simply use payment apps to get the money that they need and spend it.