Forbes:
Whether you think prediction markets are miraculous indications of the wisdom of the crowd or just fun betting markets is sort of beside the point. Nor does it much matter if the markets are accurate or vulnerable to speculative manipulation. What’-s key is that by hedging a tax increase, you are taking out a little insurance against that heaven-help-us event.
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Obama is not going to raise taxes in his first year, and unlikely in his second year.
End of market, Jason.
That would be interesting to see who will get it right, Jason’s PMs or Medemi.
UK’s Alistair Darling doesn’t want to raise taxes until 2011.
Problem is, when times get better you won’t find a single politician who’s willing to raise taxes either. It won’t get him any votes. We need fundamental political reform, tax reform while we’re at it. Unfortunately there’s no way to vote for that…
It seems national debt becomes more of an issue in countries that have 2 opposing parties, continually struggling for who can get the most votes. It will be interesting to see which country will be bankrupted first, the USA or the UK. Maybe HubDub could offer that market as well.
The key IMO is to produce more and consume less, share wealth, and with respect to the UK – stop playing around with your dicks.
I will be happy if the markets are operating in a year, and it’s not clear that the comments on Sunday will destroy the markets anyway. As we know, it could just be lip service to help settle the markets.
Obama is not going to raise taxes in his first year, and unlikely in his second year.
End of market, Jason.
That would be interesting to see who will get it right, Jason’s PMs or Medemi.
UK’s Alistair Darling doesn’t want to raise taxes until 2011.
Problem is, when times get better you won’t find a single politician who’s willing to raise taxes either. It won’t get him any votes. We need fundamental political reform, tax reform while we’re at it. Unfortunately there’s no way to vote for that…
It seems national debt becomes more of an issue in countries that have 2 opposing parties, continually struggling for who can get the most votes. It will be interesting to see which country will be bankrupted first, the USA or the UK. Maybe HubDub could offer that market as well.
The key IMO is to produce more and consume less, share wealth, and with respect to the UK – stop playing around with your dicks.
I will be happy if the markets are operating in a year, and it’s not clear that the comments on Sunday will destroy the markets anyway. As we know, it could just be lip service to help settle the markets.