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Old 01-25-2019, 01:00 PM
 
Location: Manchester NH
15,507 posts, read 6,400,865 times
Reputation: 4831

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Quote:
Originally Posted by ChessieMom View Post
It was willed/given to me. How is it not?
But what right does someone who no longer lives there have to dictate its successor, especially if you can't live there.

A vacant house is a free house, no property claims can change that.

 
Old 01-25-2019, 01:02 PM
 
Location: Manchester NH
15,507 posts, read 6,400,865 times
Reputation: 4831
Quote:
Originally Posted by TaxPhd View Post
And this thread keeps delivering the hillarity.
It's a fact please read here:

"That’s just not going to happen, and it’s not going to happen for three really good reasons: One, it is very expensive. Two, it is very dangerous to do it first. Three, there is essentially no return on that investment that you’ve put in for having done it first. So if you’re going to bring in investors or venture capitalists and say, "Hey, I have an idea, I want to put the first humans on Mars." They’ll ask, "How much will it cost?" You say, "A lot." They’ll ask, "Is it dangerous?" You’ll say, "Yes, people will probably die." They’ll ask, "What’s the return on investment?" and you’ll say "Probably nothing, initially." It’s a five-minute meeting. Corporations need business models, and they need to satisfy shareholders, public or private."

"For example, let’s just take the iPhone. The iPhone was not something that was invented in Apple’s labs. The iPhone has a touchscreen — well, Apple didn’t invent the touchscreen, the touchscreen was invented by an NSF grant to the Library of Congress for their visitor program. The iPhone can tell you where you are on the Earth’s surface — well those are GPS satellites, launched by the military, now a highly commercialized role, initially only a military role — but Apple did not invest in these satellites to make its iPhone find where you are on Earth. So who would’ve thought you could take these things, put them together, and have that become your product."

https://www.theverge.com/2015/11/24/...ce-enthusiasts
 
Old 01-25-2019, 01:04 PM
 
37,496 posts, read 45,805,567 times
Reputation: 57001
Quote:
Originally Posted by Winterfall8324 View Post
But what right does someone who no longer lives there have to dictate its successor, especially if you can't live there.

A vacant house is a free house, no property claims can change that.
My parents GAVE ME THEIR HOUSE. The fact that you cannot grasp that very basic transaction shows how far off the rails your train has gone. You’re in the woods dude. Wacko.
 
Old 01-25-2019, 01:07 PM
 
10,567 posts, read 5,581,634 times
Reputation: 10657
Quote:
Originally Posted by Winterfall8324 View Post
lol, you can't invest in water bottling companies, nor can you invest in the water bottle market in expectation of a drought.

But the proposition was someone selling their own supply of water bottles for an increased price, which is fine.

If I store water bottles in my house, and then sell them for $2 a piece for a profit, the CGT won't take that $1 profit margin away.
And that’s the conclusion you come to when you don’t understand what a capital asset is.
 
Old 01-25-2019, 01:08 PM
 
10,567 posts, read 5,581,634 times
Reputation: 10657
Quote:
Originally Posted by Winterfall8324 View Post
But what right does someone who no longer lives there have to dictate its successor, especially if you can't live there.

A vacant house is a free house, no property claims can change that.
Only in your ridiculous fantasy world.
 
Old 01-25-2019, 01:12 PM
 
10,567 posts, read 5,581,634 times
Reputation: 10657
Quote:
Originally Posted by Winterfall8324 View Post
It's a fact please read here:

"That’s just not going to happen, and it’s not going to happen for three really good reasons: One, it is very expensive. Two, it is very dangerous to do it first. Three, there is essentially no return on that investment that you’ve put in for having done it first. So if you’re going to bring in investors or venture capitalists and say, "Hey, I have an idea, I want to put the first humans on Mars." They’ll ask, "How much will it cost?" You say, "A lot." They’ll ask, "Is it dangerous?" You’ll say, "Yes, people will probably die." They’ll ask, "What’s the return on investment?" and you’ll say "Probably nothing, initially." It’s a five-minute meeting. Corporations need business models, and they need to satisfy shareholders, public or private."

"For example, let’s just take the iPhone. The iPhone was not something that was invented in Apple’s labs. The iPhone has a touchscreen — well, Apple didn’t invent the touchscreen, the touchscreen was invented by an NSF grant to the Library of Congress for their visitor program. The iPhone can tell you where you are on the Earth’s surface — well those are GPS satellites, launched by the military, now a highly commercialized role, initially only a military role — but Apple did not invest in these satellites to make its iPhone find where you are on Earth. So who would’ve thought you could take these things, put them together, and have that become your product."

https://www.theverge.com/2015/11/24/...ce-enthusiasts
That’s cute that you think the preceding paragraphs support this contention of yours:

Quote:
Originally Posted by Winterfall8324 View Post
<<SNIP>>

New technology will never come from the private industry, because they can’t measure the cost/benefit risk for their shareholders.
 
Old 01-25-2019, 01:32 PM
 
Location: Manchester NH
15,507 posts, read 6,400,865 times
Reputation: 4831
Quote:
Originally Posted by taxphd View Post
that’s cute that you think the preceding paragraphs support this contention of yours:
new technology.

Edit: “they’ll ask, what’s the return on investment”.

You are a liar, enough.
 
Old 01-25-2019, 01:35 PM
 
Location: Manchester NH
15,507 posts, read 6,400,865 times
Reputation: 4831
Quote:
Originally Posted by TaxPhd View Post
And that’s the conclusion you come to when you don’t understand what a capital asset is.
No.

“Capital assets are significant pieces of property such as homes, cars, investment properties, stocks, bonds, and even collectibles or art. For businesses, a capital asset is a type of asset with a useful life longer than a year”

https://www.investopedia.com/terms/c/capitalasset.asp

Next you’ll be telling me a CGT will take money from a lemonade stand.
 
Old 01-25-2019, 01:46 PM
 
10,567 posts, read 5,581,634 times
Reputation: 10657
Quote:
Originally Posted by Winterfall8324 View Post
new technology.

Edit: “they’ll ask, what’s the return on investment”.

And another non-response.


Quote:
You are a liar, enough.

What have I lied about?
 
Old 01-25-2019, 01:49 PM
 
Location: Manchester NH
15,507 posts, read 6,400,865 times
Reputation: 4831
Quote:
Originally Posted by TaxPhd View Post
And another non-response.





What have I lied about?
The post you’re responding to makes it clear.

What I claimed and my link back themselves up perfectly. I’m the only one on this thread providing evidence.
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