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1 month ago
in The Great Firewall of China Stands Tall, Still Not Unbeatable on Mashable - The Social Media Guide3 months ago
in Can Anyone Be Your Facebook Friend? on Mashable - The Social Media Guide4 months ago
in Some Thoughts on the Economic Viability of E-Books on dmiessler.com | grep understanding4 months ago
in Some Thoughts on the Economic Viability of E-Books on dmiessler.com | grep understanding9 months ago
in Obama Being Exceedingly Clear About His Tax Plan on dmiessler.com | grep understanding@Carl M
You are correct that many 401K and pension plans either have no choice or limited choice Blame your HR department for the latter since they approve all the mutual funds in the company 401k.
However, everyone has access to Roth IRAs. The fact that people CHOOSE not to have them invalidates your statement that they are not a viable solution. Most financial advisors believe that the 6% that most companies do a 401K match on is insufficient for retirement. Therefore if you are on the ball you will be contributing to your own retirement in addition to what you get through your employer. If you open a Roth with Fidelity or any of the other large firms you have your choice of mutual funds that you can put your retirement in. There are free market solutions that people can participate in to bolster their retirement and short term wealth. The fact that they may not be informed is one barrier to entry. We don't need higher taxes, but rather we need to educate people on how to take care of themselves and make wiser decisions for themselves. I also believe that people should depend on their extended families (or clan for you Asians and Scots) if they hit on hard times. The private sector solved the wealth problem hundreds of years ago if you look at it from the clan perspective.
9 months ago
in Obama Being Exceedingly Clear About His Tax Plan on danielmiessler.com | grep understanding@Carl M
You are correct that many 401K and pension plans either have no choice or limited choice Blame your HR department for the latter since they approve all the mutual funds in the company 401k.
However, everyone has access to Roth IRAs. The fact that people CHOOSE not to have them invalidates your statement that they are not a viable solution. Most financial advisors believe that the 6% that most companies do a 401K match on is insufficient for retirement. Therefore if you are on the ball you will be contributing to your own retirement in addition to what you get through your employer. If you open a Roth with Fidelity or any of the other large firms you have your choice of mutual funds that you can put your retirement in. There are free market solutions that people can participate in to bolster their retirement and short term wealth. The fact that they may not be informed is one barrier to entry. We don't need higher taxes, but rather we need to educate people on how to take care of themselves and make wiser decisions for themselves. I also believe that people should depend on their extended families (or clan for you Asians and Scots) if they hit on hard times. The private sector solved the wealth problem hundreds of years ago if you look at it from the clan perspective.
9 months ago
in Obama Being Exceedingly Clear About His Tax Plan on danielmiessler.com | grep understandingTo Zealot. Trickle down economics does work, but what people are looking for is a kick in their pay check or savings in lower priced goods. That is where people think it does not work. If multiple company's profit margin increases due to tax cut, expense reductions, or better management it allows them to cut prices to compete. Now if the board of directors says they want to keep the profits and the stock prices high it might not trickle down to individuals in the form of a pay check or lower priced goods, but it does in terms of their 401K or Roth IRA. As I told one of my friends, don't complain about the evil oil companies. Put your retirement investments in oil until Bush leaves office and enjoy a bigger or earlier retirement. An individual's wealth is no different than a company. I look at myself as a company of one. I have short and long term debt, as well as short and long term investments. Americans tend to only look at their pay check and not retirement accounts, land equity, etc. as a form of income/wealth. If the big evil corporations are making money I am happy because I have a Roth IRA and a 401K. The more money they make the earlier I can retire.
9 months ago
in Obama Being Exceedingly Clear About His Tax Plan on dmiessler.com | grep understandingTo Zealot. Trickle down economics does work, but what people are looking for is a kick in their pay check or savings in lower priced goods. That is where people think it does not work. If multiple company's profit margin increases due to tax cut, expense reductions, or better management it allows them to cut prices to compete. Now if the board of directors says they want to keep the profits and the stock prices high it might not trickle down to individuals in the form of a pay check or lower priced goods, but it does in terms of their 401K or Roth IRA. As I told one of my friends, don't complain about the evil oil companies. Put your retirement investments in oil until Bush leaves office and enjoy a bigger or earlier retirement. An individual's wealth is no different than a company. I look at myself as a company of one. I have short and long term debt, as well as short and long term investments. Americans tend to only look at their pay check and not retirement accounts, land equity, etc. as a form of income/wealth. If the big evil corporations are making money I am happy because I have a Roth IRA and a 401K. The more money they make the earlier I can retire.
9 months ago
in Obama Being Exceedingly Clear About His Tax Plan on danielmiessler.com | grep understandingWhat you have to ask is how these "rich" small business owners are organized. I need some hard evidence, but according to most conservative "think tanks" many small business owners operate as a sole proprietorship or an LLC. This means that all income from the business goes on the individual's tax return. People that don't organize as an S-Corp or a C-Corp are going to be paying higher taxes. For many people the trouble of organizing a corporation and hiring all the necessary CPAs is not worth it from a hassle standpoint, eventhough they could pay less taxes than a corporation would. This is where cutting taxes on the so called rich would be a benefit.
Then there's the issue of corporate taxes. From what I've read Obama wants to raise taxes on corporations. This is a bad idea. If a corporation's taxes go up by 10% then you can surely bet there will be at least a 10% budget cut across the board. If your IT department has a $2M operating budget be prepared to get rid of $200,000 at a minimum, which is about 4 entry to mid-level head count. It's no wonder that people get PO boxes in Ireland or Hungary and organize their corporations there where they pay 12% and 16% respectively.
9 months ago
in Obama Being Exceedingly Clear About His Tax Plan on dmiessler.com | grep understandingWhat you have to ask is how these "rich" small business owners are organized. I need some hard evidence, but according to most conservative "think tanks" many small business owners operate as a sole proprietorship or an LLC. This means that all income from the business goes on the individual's tax return. People that don't organize as an S-Corp or a C-Corp are going to be paying higher taxes. For many people the trouble of organizing a corporation and hiring all the necessary CPAs is not worth it from a hassle standpoint, eventhough they could pay less taxes than a corporation would. This is where cutting taxes on the so called rich would be a benefit.
Then there's the issue of corporate taxes. From what I've read Obama wants to raise taxes on corporations. This is a bad idea. If a corporation's taxes go up by 10% then you can surely bet there will be at least a 10% budget cut across the board. If your IT department has a $2M operating budget be prepared to get rid of $200,000 at a minimum, which is about 4 entry to mid-level head count. It's no wonder that people get PO boxes in Ireland or Hungary and organize their corporations there where they pay 12% and 16% respectively.
10 months ago
in Yep, Georgia Attacked South Odessia: Russia Saved Them on danielmiessler.com | grep understandingRussia has been less than useful in the so called "War on Terror" by selling weapon systems to people I would rather not see. So from that perspective I would say "Bad Russia". As a matter of fact, as a juror in US Georgia I can legally nullify based on personal belief and at this point anyone who does bad things to Russia, no matter how bad, is "not guilty" in my book. Outrage and sympathy should be reserved for people who deserve it.
10 months ago
in Yep, Georgia Attacked South Odessia: Russia Saved Them on dmiessler.com | grep understandingRussia has been less than useful in the so called "War on Terror" by selling weapon systems to people I would rather not see. So from that perspective I would say "Bad Russia". As a matter of fact, as a juror in US Georgia I can legally nullify based on personal belief and at this point anyone who does bad things to Russia, no matter how bad, is "not guilty" in my book. Outrage and sympathy should be reserved for people who deserve it.
1 year ago
in The Pharmaceutical Industry is Criminal on danielmiessler.com | grep understandingWould you say that anyone who installs a v1.0 of a software product is ignorant? What about buying the 1st model year of a newly redesigned vehicle? There are risks and rewards with using anything new. The fact that people do not perform a formal risk analysis does not make them ignorant. In American society newer is always better (think gadgets, cars, houses, etc). The only difference is that drugs may seriously mess you up as opposed to giving you a blue screen or leaving you stranded on the side of the road.
1 year ago
in The Pharmaceutical Industry is Criminal on dmiessler.com | grep understandingWould you say that anyone who installs a v1.0 of a software product is ignorant? What about buying the 1st model year of a newly redesigned vehicle? There are risks and rewards with using anything new. The fact that people do not perform a formal risk analysis does not make them ignorant. In American society newer is always better (think gadgets, cars, houses, etc). The only difference is that drugs may seriously mess you up as opposed to giving you a blue screen or leaving you stranded on the side of the road.
1 year ago
in The Gym Membership Racket on danielmiessler.com | grep understandingI recently dropped Bally Fitness after being a member for the past 9 years because they started offering 3 year contracts only. I joined Lifetime Fitness because they don't offer contracts as part of their business model. Granted there was a lot of sales puffery, but I can admire a company that says we want you to be happy with our services and if you aren't then we want you to cancel. They gauge their performance on the number of cancellations they process, which is something you can't do if your members are locked in a long term contract. If only cellphone companies would operate this way.
1 year ago
in The Gym Membership Racket on dmiessler.com | grep understandingI recently dropped Bally Fitness after being a member for the past 9 years because they started offering 3 year contracts only. I joined Lifetime Fitness because they don't offer contracts as part of their business model. Granted there was a lot of sales puffery, but I can admire a company that says we want you to be happy with our services and if you aren't then we want you to cancel. They gauge their performance on the number of cancellations they process, which is something you can't do if your members are locked in a long term contract. If only cellphone companies would operate this way.
1 year ago
in Is Risk Assessment a Snake-Oil Discipline? on danielmiessler.com | grep understandingYou have to consider who is going to be consuming the risk assessment. Ranum is a very technical person and I'm sure he's thinking that the consumers of the report will be very technical as well. The fact is that many consumers of RA's will be professional managers at the VP or C-Level who will in turn have to condense the report down to one or two PowerPoint slides for the Board of Directors meeting. I believe you are on target with using RA's to bring awareness to management. The presentation must be tailored to the proper group. In my experience it takes a VP or Officer's financial signing authority to bring a consulting firm in and the COO or CFO is not going to be interested in hearing about SQL Injection or specific vulnerabilities. They want to hear a general exposure report and the compensating controls in place to reach an executive decision as to how much residual risk they want to live with. A CTO, CISO, or CIO might want to hear what Ranum is suggesting, but most RA's are being driven by the SOX compliance division under the CFO or through the Legal or Compliance departments, not by IT and the final report will be tailored to suit the department paying for the engagement.
1 year ago
in Is Risk Assessment a Snake-Oil Discipline? on dmiessler.com | grep understandingYou have to consider who is going to be consuming the risk assessment. Ranum is a very technical person and I'm sure he's thinking that the consumers of the report will be very technical as well. The fact is that many consumers of RA's will be professional managers at the VP or C-Level who will in turn have to condense the report down to one or two PowerPoint slides for the Board of Directors meeting. I believe you are on target with using RA's to bring awareness to management. The presentation must be tailored to the proper group. In my experience it takes a VP or Officer's financial signing authority to bring a consulting firm in and the COO or CFO is not going to be interested in hearing about SQL Injection or specific vulnerabilities. They want to hear a general exposure report and the compensating controls in place to reach an executive decision as to how much residual risk they want to live with. A CTO, CISO, or CIO might want to hear what Ranum is suggesting, but most RA's are being driven by the SOX compliance division under the CFO or through the Legal or Compliance departments, not by IT and the final report will be tailored to suit the department paying for the engagement.
1 year ago
in Back to Corporate Life on dmiessler.com | grep understandingGood luck with the new opportunity! Not too much to worry about the economy. If you are with a company that big hopefully they have good foreign business to get them through any slow sales in the US.
1 year ago
in Back to Corporate Life on danielmiessler.com | grep understandingGood luck with the new opportunity! Not too much to worry about the economy. If you are with a company that big hopefully they have good foreign business to get them through any slow sales in the US.
2 years ago
in An Introduction To IMAP IDLE: Why Yahoo!’s iPhone Push System Isn’t Working So Well on dmiessler.com | grep understanding2 years ago
in An Introduction To IMAP IDLE: Why Yahoo!’s iPhone Push System Isn’t Working So Well on danielmiessler.com | grep understanding