1. Should tax payer\'s money be spent to rehabilitate drug users? 2. Why do you
ID: 2428948 • Letter: 1
Question
1. Should tax payer's money be spent to rehabilitate drug users? 2. Why do you think the government prohibits insider trading? 3. If stockholders cannot "beat the market" why do people use their services?Please give detailed explanations and sources. Thank you. 1. Should tax payer's money be spent to rehabilitate drug users? 2. Why do you think the government prohibits insider trading? 3. If stockholders cannot "beat the market" why do people use their services?
Please give detailed explanations and sources. Thank you. 2. Why do you think the government prohibits insider trading? 3. If stockholders cannot "beat the market" why do people use their services?
Please give detailed explanations and sources. Thank you.
Explanation / Answer
ANSWER 1::
the $373.9 billion spent by federal and state governments, some 95.6 percent was spent to "shovel up the consequences and human wreckage of substance abuse and addiction," while only 1.9 percent was spent on prevention and treatment, 1.4 percent on taxation and regulation, and less than 1 percent on research and interdiction, says the report from Columbia University's National Center on Addiction and Substance Abuse
.Under any circumstances, spending more than 95 percent of taxpayer dollars on the crime, health care costs, child abuse, domestic violence, homelessness and other consequences of tobacco, alcohol and illegal and prescription drug abuse and addiction, and only 2 percent to relieve individuals and taxpayers of these burdens, is a reckless misallocation of public funds," Joseph Califano Jr., a former U.S. secretary of health, education and welfare who founded the addiction center and serves as its chairman, said in the statement. "In these economic times, such upside-down-cake public policy is unconscionable. It's past time for this fiscal and human waste to end."
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ANSWER 2::
The objective of insider trading laws is counter-intuitive: prevent people from using and markets from adjusting to the most accurate and timely information. The rules target “non-public” information, a legal, not economic concept. As a result, we are supposed to make today’s trades based on yesterday’s information.
Unfortunately, keeping people ignorant is economic folly. We make more bad decisions, and markets take longer to adjust.
Once an abnormal pattern has been identified, the SEC vigorously pursues anyone they believe may be involved. They obtain warrants for financial records and wiretaps, and find any other means to pursue the evidence that comes their way. If enough evidence is found to indict someone for insider trading, those individuals will be arrested and the case is handed over to a U.S. attorney.
Insider trading is prosecuted just like any other criminal case. Anyone convicted of insider trading can be sentenced up to $5 million in fines and up to 20 years in prison for each act they commit. However, actual sentences for these crimes are often much less. In New York, almost half of those sentenced didn’t have to spend any time in prison.
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ANSWER 3::
I think it depends on who you are as a person. Let me explain what investing in a stock is.
Investing is (part) ownership of a company. Always remember that.
At the core you would want to invest in a company whose employees and assets are generating more cash for it than the shareholders put in. So if you feel that you generate ten times more money for your company than what they pay you … well that makes your company a good investment from that data-point.
Now I am sure most of us work very hard and we don’t feel that oh my contribution is just ordinary. I am statistically doing only 1% better or worse than the median at work. Then why would you accept the mediocrity that all I can do is follow others when it comes to investing.
Now let me tell you a secret. Our society is based on money. I long for the day when the country my daughter lives in, values people not by the size of their wealth but by the amount of their contribution. Wealth is a very core yardstick of merit in our world. I learnt this pretty late in life but no matter how excited I am about machine learning, there are often things I do at work purely because I want to keep my job, and well I want to keep my job since I want to earn money. But what if I told you … more than two thirds of my money can come from investing and not from my job? That makes investing worth while doesn’t it?.
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