How do you know when you've found a misunderstood and therefore potentially undervalued stock? How about when popular blogs like Dealbreaker mock people who own the company based on a fundamental misunderstanding of the company. [more]
Since it's election day tomorrow, I was perusing today what Virgina will be asking me to vote on. Among the items on the ballot is a proposal to amend the Virginia constitution to allow local governments to exempt persons age 65 or over from property taxes. Currently in Virginia one can be exempt if they bear an extraordinary tax burden.
This is inane and it frightens me to think that our General Assembly overwhelmingly endorsed putting it on the ballot.
Consider alone the potential for abuse of power here. Since the exemption is not means tested, politicians can hand it out to donors, friends, or folks whose votes they need. Further, why does it make sense to shift the tax burden disproportionately to the young? Although since older folks tend to vote in greater percentages than younger folks, let's just assume this piece of idiocy will pass. [more]