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	<title>Comments for Arohan&#039;s investing life</title>
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		<title>Comment on Hauser&#8217;s law and why raising taxes on businesses hurt more than it helps by Arohan</title>
		<link>http://www.arohanvalue.com/2008/10/30/hausers-law-and-why-raising-taxes-on-businesses-hurt-more-than-it-helps/comment-page-1/#comment-2335</link>
		<dc:creator>Arohan</dc:creator>
		<pubDate>Mon, 28 Sep 2009 21:29:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.arohanvalue.com/2008/10/30/hausers-law-and-why-raising-taxes-on-businesses-hurt-more-than-it-helps/#comment-2335</guid>
		<description>John,

That is a great insight! Maybe that is why the governments everywhere are moving to a VAT system (which can still be structured as a overall flat tax). This way, there is less incentive for the black market.

Arohan</description>
		<content:encoded><![CDATA[<p>John,</p>
<p>That is a great insight! Maybe that is why the governments everywhere are moving to a VAT system (which can still be structured as a overall flat tax). This way, there is less incentive for the black market.</p>
<p>Arohan</p>
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		<title>Comment on Travel Centers of America &#8211; Investment Thesis, Part 1 by Tweets that mention Travel Centers of America - Investment Thesis, Part 1 &#124; Arohan's investing life -- Topsy.com</title>
		<link>http://www.arohanvalue.com/2009/09/13/travel-centers-of-america-investment-thesis-part-1/comment-page-1/#comment-2330</link>
		<dc:creator>Tweets that mention Travel Centers of America - Investment Thesis, Part 1 &#124; Arohan's investing life -- Topsy.com</dc:creator>
		<pubDate>Wed, 23 Sep 2009 16:26:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.arohanvalue.com/?p=18694#comment-2330</guid>
		<description>[...] This post was mentioned on Twitter by Michael Brisky. Michael Brisky said: RT @arohan Value investors are flocking to $TA since Leucadia bought in http://bit.ly/4824ek &amp; http://su.pr/1wUFz7 #stocks #valueinvesting [...]</description>
		<content:encoded><![CDATA[<p>[...] This post was mentioned on Twitter by Michael Brisky. Michael Brisky said: RT @arohan Value investors are flocking to $TA since Leucadia bought in <a href="http://bit.ly/4824ek" rel="nofollow">http://bit.ly/4824ek</a> &amp; <a href="http://su.pr/1wUFz7" rel="nofollow">http://su.pr/1wUFz7</a> #stocks #valueinvesting [...]</p>
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		<title>Comment on Hauser&#8217;s law and why raising taxes on businesses hurt more than it helps by John</title>
		<link>http://www.arohanvalue.com/2008/10/30/hausers-law-and-why-raising-taxes-on-businesses-hurt-more-than-it-helps/comment-page-1/#comment-2315</link>
		<dc:creator>John</dc:creator>
		<pubDate>Sun, 20 Sep 2009 02:47:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.arohanvalue.com/2008/10/30/hausers-law-and-why-raising-taxes-on-businesses-hurt-more-than-it-helps/#comment-2315</guid>
		<description>Tom:
I will agree and disagree with you. First, the disagreement: The rich do not put their wealth, ill gotten ot not, in a matress. They invest it or buy things. If invested, it perforce creates jobs, if they buy things (say a yacht) they make jobs for ordinary folks employed in building yachts. The only rich that behave the way you suggest are those who hoard wealth generating means. Fortunately we have a minimal number of such in this country, unlike places such as Saudi Arabia.
Now, for the agreement: truly balancing the monetary supply to the overall wealth divided by the circulating rate would result in a stable economic system. It&#039;s a great idea that has been suggested before, but the big problem - and why it hasen&#039;t been workable-is that politicians can&#039;t keep their grubbies out of the system. 
Our basic economic problem is the politicians, not the rich or the poor.
John</description>
		<content:encoded><![CDATA[<p>Tom:<br />
I will agree and disagree with you. First, the disagreement: The rich do not put their wealth, ill gotten ot not, in a matress. They invest it or buy things. If invested, it perforce creates jobs, if they buy things (say a yacht) they make jobs for ordinary folks employed in building yachts. The only rich that behave the way you suggest are those who hoard wealth generating means. Fortunately we have a minimal number of such in this country, unlike places such as Saudi Arabia.<br />
Now, for the agreement: truly balancing the monetary supply to the overall wealth divided by the circulating rate would result in a stable economic system. It&#8217;s a great idea that has been suggested before, but the big problem &#8211; and why it hasen&#8217;t been workable-is that politicians can&#8217;t keep their grubbies out of the system.<br />
Our basic economic problem is the politicians, not the rich or the poor.<br />
John</p>
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		<title>Comment on Hauser&#8217;s law and why raising taxes on businesses hurt more than it helps by John</title>
		<link>http://www.arohanvalue.com/2008/10/30/hausers-law-and-why-raising-taxes-on-businesses-hurt-more-than-it-helps/comment-page-1/#comment-2314</link>
		<dc:creator>John</dc:creator>
		<pubDate>Sun, 20 Sep 2009 02:31:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.arohanvalue.com/2008/10/30/hausers-law-and-why-raising-taxes-on-businesses-hurt-more-than-it-helps/#comment-2314</guid>
		<description>Arohan:
The problem with a national sales tax can be seen clearly in Hauser&#039;s Law: The tax would necessesarily be about 19.5%. That makes a black market entirely too profitable, and a huge amount of the economy would go underground, then the tax would need to rise, then more goes underground - - that&#039;s a positive feedback process, and goes to completion with amazing rapidity.
John</description>
		<content:encoded><![CDATA[<p>Arohan:<br />
The problem with a national sales tax can be seen clearly in Hauser&#8217;s Law: The tax would necessesarily be about 19.5%. That makes a black market entirely too profitable, and a huge amount of the economy would go underground, then the tax would need to rise, then more goes underground &#8211; - that&#8217;s a positive feedback process, and goes to completion with amazing rapidity.<br />
John</p>
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		<title>Comment on Why Warren Buffett is richer than the Hedge Fund managers &#8211; a tale of two business models by The Week&#8217;s Best At VIN Value Plays</title>
		<link>http://www.arohanvalue.com/2008/03/12/why-warren-buffet-is-richer-than-the-hedge-fund-managers-a-tale-of-two-business-models/comment-page-1/#comment-2303</link>
		<dc:creator>The Week&#8217;s Best At VIN Value Plays</dc:creator>
		<pubDate>Tue, 08 Sep 2009 05:08:06 +0000</pubDate>
		<guid isPermaLink="false">http://www.arohanvalue.com/2008/03/12/why-warren-buffet-is-richer-than-the-hedge-fund-managers-a-tale-of-two-business-models/#comment-2303</guid>
		<description>[...] 1. Why Warren Buffet is richer than the Hedge Fund managers &#8211; a tale of two business models &#124; ... [...]</description>
		<content:encoded><![CDATA[<p>[...] 1. Why Warren Buffet is richer than the Hedge Fund managers &#8211; a tale of two business models | &#8230; [...]</p>
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		<title>Comment on Leucadia National bottom fishing in the credit industry ruins by Top Stories of the Week at Value Investing News Value Plays</title>
		<link>http://www.arohanvalue.com/2008/01/16/leucadia-national-bottom-fishing-in-the-credit-industry-ruins/comment-page-1/#comment-2302</link>
		<dc:creator>Top Stories of the Week at Value Investing News Value Plays</dc:creator>
		<pubDate>Tue, 08 Sep 2009 05:05:52 +0000</pubDate>
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		<description>[...] 11. Leucadia National bottom fishing in the credit industry ruins [...]</description>
		<content:encoded><![CDATA[<p>[...] 11. Leucadia National bottom fishing in the credit industry ruins [...]</p>
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		<title>Comment on Hauser&#8217;s law and why raising taxes on businesses hurt more than it helps by Federal Budget Deficit and National Debt Projections Point to Uncertain US Economic Future &#124; Personal Dividends</title>
		<link>http://www.arohanvalue.com/2008/10/30/hausers-law-and-why-raising-taxes-on-businesses-hurt-more-than-it-helps/comment-page-1/#comment-2299</link>
		<dc:creator>Federal Budget Deficit and National Debt Projections Point to Uncertain US Economic Future &#124; Personal Dividends</dc:creator>
		<pubDate>Wed, 26 Aug 2009 16:39:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.arohanvalue.com/2008/10/30/hausers-law-and-why-raising-taxes-on-businesses-hurt-more-than-it-helps/#comment-2299</guid>
		<description>[...] an answer (doesn&#8217;t mean it will not be tried) as it has been historically observed that the tax receipts manage to stay constant at 19.5% of GDP regardless of the level of marginal tax rates. It is also important to note that increase in tax [...]</description>
		<content:encoded><![CDATA[<p>[...] an answer (doesn&#8217;t mean it will not be tried) as it has been historically observed that the tax receipts manage to stay constant at 19.5% of GDP regardless of the level of marginal tax rates. It is also important to note that increase in tax [...]</p>
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		<title>Comment on AIL Premium &#8211; A Members Only Section for a Value Investor is Coming by Arohan</title>
		<link>http://www.arohanvalue.com/2009/07/31/upcoming-launch-of-ail-premium-a-members-only-section/comment-page-1/#comment-2110</link>
		<dc:creator>Arohan</dc:creator>
		<pubDate>Mon, 03 Aug 2009 13:27:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.arohanvalue.com/?p=18681#comment-2110</guid>
		<description>Thanks Daniel!</description>
		<content:encoded><![CDATA[<p>Thanks Daniel!</p>
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		<title>Comment on AIL Premium &#8211; A Members Only Section for a Value Investor is Coming by Daniel M. Ryan</title>
		<link>http://www.arohanvalue.com/2009/07/31/upcoming-launch-of-ail-premium-a-members-only-section/comment-page-1/#comment-2097</link>
		<dc:creator>Daniel M. Ryan</dc:creator>
		<pubDate>Sun, 02 Aug 2009 21:00:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.arohanvalue.com/?p=18681#comment-2097</guid>
		<description>Good luck.
.-= Daniel M. Ryan&#180;s last blog ..&lt;a href=&quot;http://lowpebin.blogspot.com/2009/08/qwest-communications-risky-turnaround.html&quot; rel=&quot;nofollow&quot;&gt;Qwest Communications: Risky Turnaround&lt;/a&gt; =-.</description>
		<content:encoded><![CDATA[<p>Good luck.<br />
<span class="cluv"> Daniel M. Ryan&#180;s last blog ..<a href="http://lowpebin.blogspot.com/2009/08/qwest-communications-risky-turnaround.html" rel="nofollow">Qwest Communications: Risky Turnaround</a> <span class="heart_tip_box"><img class="heart_tip" alt="My ComLuv Profile" border="0" width="16" height="14" src="http://www.arohanvalue.com/wp-content/plugins/commentluv/images/littleheart.gif"/></span></span></p>
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		<title>Comment on Recession Ended Last Quarter, Future Still Murky by Arohan</title>
		<link>http://www.arohanvalue.com/2009/07/27/recession-ended-last-quarter-future-still-murky/comment-page-1/#comment-2086</link>
		<dc:creator>Arohan</dc:creator>
		<pubDate>Sun, 02 Aug 2009 04:04:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.arohanvalue.com/?p=18680#comment-2086</guid>
		<description>Michael, one school of thought says that the companies have overdone their layoffs and will be quick to hire back when the business turns. From what I have seen in the industry, most companies are not only running lean on people but also on inventories, which means new production will need to be started with any improvement. It is likely that job losses will reverse faster than most believe.</description>
		<content:encoded><![CDATA[<p>Michael, one school of thought says that the companies have overdone their layoffs and will be quick to hire back when the business turns. From what I have seen in the industry, most companies are not only running lean on people but also on inventories, which means new production will need to be started with any improvement. It is likely that job losses will reverse faster than most believe.</p>
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