October 11, 2011
— Monty

Obama's economic illiteracy underpins much of his failure on domestic policy. He compounds the problem by being intellectually arrogant: he's wrong, and the record proves he's wrong, but he cannot admit it to himself or anyone else. It becomes very wearying to enumerate all the ways in which this President is completely unfit for his job.
Here's a good example of how Obama's grand plans to revive the economy have failed: the $30 billion small-business loan package passed last year. It's been a complete failure, mainly due to the sloth and incompetence of the government, and misplaced priorities of the banks who received the money (they mainly used the government money to pay off their TARP loans -- in essence, giving Uncle Sugar's money back in a different wrapper).
Idiot manchild Ezra Klein experiences a blinding gimpse of the obvious, but having seen the light, he proceeds to misinterpret it as a call to even more and larger government intervention. (He also takes a half-hearted shot at Republicans, but that's simply a basal reflex for Klein.) Dumb as a bag of hammers, this guy.
Thomas Sargent, the newest Nobel laureate in Economics, is a surprising (to me) critic of both Keynesianism and Teh Krugman. Even in academia, the wheel turns.
The pre-post-employment economy. My friends and I used to ponder what people would do with their time if we ever achieved a Star Trek-like replicator technology and no one actually had to work for a living -- would we spend our time creating art, expanding the frontiers of science, and advancing civilization; or would we sit around all day watching TV and eating Cheetos out of a big tub?
One of the universal assumptions of industrial society — axiomatic to its capitalist, socialist, and hybridized variants — is that everybody, more or less, works. Not only does everybody work; everybody has a job. Either through judicious state planning or the benevolent invisible hand of the market, there is a job for anyone who wants or needs one and who is willing to do the work.It is generally assumed that the overall economy will grow over time (again, either through planning or market evolution) and that this year’s batch of of available jobs will support a higher standard of living for the working populace than was made possible by the batch from a decade ago.
These assumptions are considered obvious. They are rarely stated, because they are considered to be a given.
So the question is — what if these assumptions are wrong?
More "green" FAIL, this time with GMÂ’s slow-selling Volt.
From unemployed to unemployable. The jobs are out there, but the skillset of the current workforce is badly-matched to the high-tech needs of the workplace right now. Retraining is rarely an option -- itÂ’s not easy to go from being a bricklayer or a truck-driver to being a database administrator or a software developer, and young people lack the experience that businesses seek. This kind of problem is deep-rooted, and will take many years to rectify. It's not a problem we can fix quickly.
Signposts on the way to municipal DOOM: cash-strapped Topeka will no longer prosecute domestic violence cases. I suspect that this is a variant of the old “we’ll have to lay off firefighters and cops!” ploy that cities bust out when they want to raise taxes, but in any event, as the finances of municipalities continue to degrade unpleasant choices like this will become more common.
I guess Governor Brown figured that since California doesnÂ’t have enough money to cover the educational obligations they already have, and since the ocean of red ink shoes no sign of receding any time soon, he might as well commit to a whole new boatload of educational debt since his state already boned beyond recovery.
Merkel and Sarkozy assure the chumps that they have every intention of possibly having some kind of plan pretty soon, maybe.
Meanwhile, Greece's deficit miss to be re-re-revised again. It's almost as if they're lying, or don't know what the hell they're doing. Incompetence or perfidy? (Though there's no reason it can't be both, I suppose.)
ChinaÂ’s financial foundation is showing a lot of cracks. Dear debt-loaded Western nations: China will not save you. They may not be able to save themselves.
Just a reminder in case your forgot: the Occupy Wall Street people are neither particularly smart, clean, nor self-aware. These people do serve an important purpose, though: they serve as useful object-lessons on the wages of clueless arrogance mixed with stupidity. You can show your children pictures of these ill-bred, oblivious twits and remind them that this is what becomes of people with no skills, no shame, and no sense of responsibility.
Protesting: not a bad gig if you can get it. This falls under the “there are markets in everything” rubric.
Crisis management, Euro edition. A fairly long read, but very worth your time.
You know, most people know this intuitively: ignorance can lead to financial ruin.
Merit pay for teachers a bad idea? I tend to agree, mostly because it would inevitably be gamed by the teachers and their union. Arnold Kling has the right idea: get the government out of the education business entirely, and let the competitive marketplace do its work.
Is a trade-war with China justified? Given our dependence on trade with China, I doubt it -- we can threaten and bluster all we want, but come down to it, we and the Chinese need each other. If we are serious about punishing China, then the solution is simple -- stop buying stuff from them. Pay off the enormous debts we owe them. If we threaten them and fail to follow through, it will damage us more than if we had done nothing. If we go the tarriff route, we open a box full of demons we are in no way prepared to handle right now. (And as Douglas Holtz-Eakin points out, we could do a lot for our competitive posture by reforming our badly-designed tax regime.)
In other great news for the economy, the battering in the financial sector is taking its toll: Wall Street may lose up to 10,000 jobs by 2012. And given how much the state, county, and municipality of New York depend upon the tax revenues generated by those jobs, I'd be feeling some significant alarm if I were a politician there.
So-called "Progressives" -- spreading the misery.
----------------------------
K-9 Cop apprehends desperate criminal. News at 11.
Posted by: Monty at
05:05 AM
| Comments (93)
Post contains 1099 words, total size 9 kb.
Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 11, 2011 05:07 AM (8y9MW)
A government-run system of teacher compensation, based on test scores, would in some ways be the worst of all worlds. It would create incentives for teachers to "game" the system.
If they're gaming the system (like in Atlanta) just to improve test scores, can you imagine what they'd be doing when there is money on the table?
"No Mildred, you got the bonus last year. This year I need 100% of my kids to max the test. I'm putting on an addition to the house."
Posted by: Sean Bannion at October 11, 2011 05:09 AM (sbV1u)
Posted by: runningrn at October 11, 2011 05:10 AM (Lbb9+)
That was a weird press conference, stating that they have a plan but now was not the time to reveal the details.
Very Pelosi-esque.
Posted by: Waterhouse at October 11, 2011 05:11 AM (eHr/6)
Hence, my belief that SmallTalk like tools are the future - lots of widgets written in India, with a former bricklayer providing the mortar to glue them together.
Posted by: Jean at October 11, 2011 05:15 AM (WkuV6)
Retraining is rarely an option -- itÂ’s not easy to go from being a bricklayer or a truck-driver to being a database administrator or a software developer, and young people lack the experience that businesses seek. This kind of problem is deep-rooted, and will take many years to rectify. It's not a problem we can fix quickly.
I'll go further.
It's not going to be fixed period. The real problem is the public education system. Even if workers could retrain quickly, they lack the basic skills (written English, math, basic science) that would allow them to retrain quickly.
By the time these people get into a program, get up to speed on basic skills, and start re-training into a new field, two years have gone by and the hiring businesses have paid premiums to lure in qualified workers to the area.
Another reason it won't be fixed? Walk the hallways around your State Labor Department (called the Commerce Department in some States) for an hour. Tell me that organiztion isn't the most barnicle-encrusted bureaucracy you've ever seen. Oh, and yes, the Federal Dept of Labor is worse.
Posted by: Sean Bannion at October 11, 2011 05:15 AM (sbV1u)
Posted by: runningrn at October 11, 2011 05:15 AM (Lbb9+)
Posted by: izoneguy at October 11, 2011 05:16 AM (i6Neb)
Posted by: Thor at October 11, 2011 05:16 AM (71LDo)
A la the Star Trek technology bounty: a three letter word--PR0N
Posted by: Hrothgar at October 11, 2011 05:18 AM (i3+c5)
Obama is a communist, therefore its not economic illiteracy, its choice of an insane economic model that is his problem.
Posted by: Vic at October 11, 2011 05:18 AM (M9Ie6)
Posted by: Oldsailor's poet at October 11, 2011 05:20 AM (ZDUD4)
The problem isn't that China or India will "take" all the IT jobs -- the problem is that there aren't enough IT workers to fill the demand anywhere.
Writing software is a highly-specialized job that takes years of study and experience to master. It requires a certain amount of natural talent, too: you can't just sit down any random person, put them through an M.A. program in Comp Sci, and get a good programmer out of the deal. (Any more than a lawyer or a doctor or an engineer or other specialized field.)
IT jobs are going begging because there aren't enough qualified applications, and IT programs in colleges are undersubscribed because many students either can't or don't want to shoulder the workload. This is a huge structural problem, especially in the American economy.
Posted by: Monty at October 11, 2011 05:20 AM (/0a60)
Yes, some teachers will "game the system" as will people in every industry where qualitative judgments are forced to meet quantitative results (Customer Service "Quality" scores meet this requirement, too). The fact is though, that far more will either just decide to continually do a better job to continue getting raises, or will be too incompetent to "game the system" and therefore be forced to actually raise their standards.
If you don't believe this, spend a year in a call center that uses "Quality" scores in their annual review process. The ones who are good enough to game the system could easily be the best reps, but they're too lazy- so they use loop-holes and (yes) outright cheats to boost their scores. The other good reps, who have some pride, step up their game and continually try to get better. The ones you're most worried about "gaming the system" are too incompetent to do so- and therefore actually work to get better.
All-in-all, merit based pay for teachers is one of the easier ways to start getting better quality from our current education system. Given that fully privatized schools are a pipe-dream, they may be the single best thing we can do.
Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 11, 2011 05:21 AM (8y9MW)
When I dropped off my son to his elementary school today, parked in the Principal and Vice Principal parking slots - Mercedes S500s. Gaming the system? - that's pillaging. They don't even try to hide it....
Posted by: The Robot Devil at October 11, 2011 05:21 AM (3gy1T)
Another satisfied customer.
Posted by: Monty at October 11, 2011 05:22 AM (/0a60)
Here's a good example of how Obama's grand plans to revive the economy have failed: the $30 billion small-business loan package passed last year.
Most of us said when they first proposed it that it would never work. It did not attack the causes of the buisness depression. Businesses do not need to "borrow" money to expand into a market that does not exist.In fact I would bet that any money disbursed out of this program did not really go to real businesses. It probably went to Dem cronies and was stolen.
Posted by: Vic at October 11, 2011 05:22 AM (M9Ie6)
They want me to come in a teach it a t their school, but i had to go sit thru virtus first, now my mind is pre-occupied with inventive way to kill child molesters.
Posted by: Jean at October 11, 2011 05:24 AM (WkuV6)
Also because, of professionals, the IT set are the ones most likely (in my experience) to say "F-it, drive on" about college, and put out their own shingle somewhere. If you're any good and have the time, you can make a decent living working on the code-for-hire sites (like RentACoder) and doing local "consulting" jobs. You don't need a degree for any of those things, and good programmers are inherently lazy (if they're not, they're not looking for the easiest solution).
Most corporations, however, put too high a value on a college diploma- so they're disqualifying candidates who may well be superior in talent and ability to the ones they actually interview, just because the HR department thinks that a college transcript is shiny.
Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 11, 2011 05:26 AM (8y9MW)
LOL, CAC made fun of me this morning when I linked that Topeca stuff and said the socialist NEVER cut back on socialism first.
Posted by: Vic at October 11, 2011 05:26 AM (M9Ie6)
The fact is though, that far more will either just decide to continually do a better job to continue getting raises, or will be too incompetent to "game the system" and therefore be forced to actually raise their standards.
I love ya like a brother Allen, but I don't agree. It only takes one miscreant to start agitating for his peers to game the system. It's the Prisoner's Dilemma writ large.
Your theory might happen in states where folks haven't completely lost their pride or any sense of morality and fair play (Hmmm....Texas, Wyoming, Kansas, the Dakotas, Montana, the Carolinas and a few others.). But here in the glorious Mid-Atlantic, the Northeast, and the Left Coast that's not going to play.
Unfortunately, that's where the bulk of the population is.
Sorry, for the good of the country eveyone is going to have to move to Texas. I know you'll take one for the team. ;-)
Posted by: Sean Bannion at October 11, 2011 05:26 AM (sbV1u)
http://tinyurl.com/4yc46ry
Posted by: The Robot Devil at October 11, 2011 05:27 AM (3gy1T)
They want me to come in a teach it a t their school, but i had to go sit thru virtus first, now my mind is pre-occupied with inventive way to kill child molesters.
You too? I did that so I could volunteer last summer.
The sessions you take to maintain your currency creep me out for days.
Posted by: Sean Bannion at October 11, 2011 05:28 AM (sbV1u)
Posted by: Bing Crosby at October 11, 2011 05:29 AM (qL20/)
With my little addition, I agree 100%.
Posted by: Vic at October 11, 2011 05:29 AM (M9Ie6)
Posted by: Joe Jackson at October 11, 2011 05:29 AM (qL20/)
One of my sons was too busy being rowdy to attend college; however, in his spare time as he settled down, he became a programming and networking guru and half owner of a small but very profitable company. I often wonder what he could do if he had more formal training in CS. But a key part of it (programming excellence) is motivation and comprehension. Neither they nor English is taught in the public schools these days.
Posted by: Hrothgar at October 11, 2011 05:31 AM (i3+c5)
Posted by: Liza Minelli at October 11, 2011 05:31 AM (qL20/)
So-called "Progressives" -- spreading the misery.
That is the only thing they have done since their inception in the early 1900s. People have to be insane because these "progressives" are like cockroaches. Every time you stamp out a colony of them in one country they emerge in another just as bad.Posted by: Vic at October 11, 2011 05:32 AM (M9Ie6)
Posted by: Jean at October 11, 2011 09:31 AM (WkuV6)
Only (minor) changes.
DoL less BLS and EBSA
VA less VBA
Posted by: Sean Bannion at October 11, 2011 05:32 AM (sbV1u)
Posted by: Hrothgar at October 11, 2011 05:32 AM (i3+c5)
Protesting: not a bad gig if you can get it.
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Posted by: alexthechick at October 11, 2011 05:33 AM (VtjlW)
Take a look at my parallel to a Customer Service call center in that same post.
Basically, what I'm saying is that you'll have about 10 - 25% who are both good enough to be able to, and lazy enough to desire to, game the system. Of the other 90%, probably half (maybe a little more) will have the desire to game the system, but won't be good enough to do so. The rest may or may not be good enough to game the system, but they're not interested in doing so.
It is a little easier with teachers- simply because so much rests on those standardized tests- but even that can be controlled-for.
The fact, though, is that poor (both in luck and money) students are just screwed. They can't afford private school (and even otherwise sane teachers go rabid over the idea of vouchers) and public schools don't do them justice. There is no way to "fix" public schools that will ever actually work- teachers don't get paid well enough to entice people who are capable of more to give that up and put up with 13 yr old punks. So the people who teach are (rarely) those who are "called" to teach, and (more frequently) those who can't really do anything else productive (or believe they can't).
Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 11, 2011 05:33 AM (8y9MW)
Posted by: Jean at October 11, 2011 05:34 AM (WkuV6)
Having a CS/MS in Computer Science, I dragged about 15% of my knowledge into my job (Systems Engineering). The value of a college education is teaching you to think in a certain way. Some people, like your son do it naturally. For Engineering degrees it generates logical thinkers, for Liberal Arts it generates people who think dihydroxymonoxide is poisonous.
Posted by: The Robot Devil at October 11, 2011 05:35 AM (3gy1T)
We are leveraging our alliance with other institutions who share our commitment to calling attention to the inequities in our system to provide even greater opportunities for those seeking to enter the exciting field of protest management.
Yes, but do you award a graduate ertificate or a Masters? Because I might be interested.
See, I cannot seem to get hired with my Queer Studies degree with a Womyn Studies minor. After all these years I thought that degree was a proxy for a career in grievance management, but I was misled.
Posted by: Tanisha LaWhiner at October 11, 2011 05:36 AM (sbV1u)
Bloomberg should have already cracked down on the Poopstock squatters.
I feel sorry for all the small businesses and shops that have been impacted by this.....unless they are owned by liberals, then not so much.
The Stock Exchange should pick up its marbles and relocate to a friendlier location in a red state somewhere. ....Problem is, the people who would make that decision probably own NY real estate which they would have to take a bath on, if they did that.
Posted by: ConservativeMenAreJustHotter at October 11, 2011 05:36 AM (k8CH1)
Not much, really. Once you're on top, you're on top. If he's part owner of a company, it doesn't get much better than that.
Honestly, that's the other reason so few people who are really, really good at IT finish college- why bother when they're already making 60 - 90K/yr and have only racked up 15K in student loans, so far? The ones who really make it can make 6 figure salaries on nothing more than gumption and experience.
I flirt with the idea of doing some intro-to-real-life-programming stuff occasionally. I'm not really sure how to find students or if I'd have time for it, though.
Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 11, 2011 05:37 AM (8y9MW)
So the people who teach are (rarely) those who are "called" to teach, and (more frequently) those who can't really do anything else productive (or believe they can't).
And this has been true since time immemorial.
That's why when parents find a really good teacher, they cling to him/her like a liferaft.
Posted by: Sean Bannion at October 11, 2011 05:38 AM (sbV1u)
Posted by: Jean at October 11, 2011 05:39 AM (WkuV6)
Posted by: Hussein the Plumber at October 11, 2011 05:40 AM (jx2j9)
The difference being that, in "time immemorial," if you were a bad teacher, you'd learn to be a stone-cutter or starve to death. Now you just get shuffled to some other department, school, or "rubber room" to serve out your time until you can retire with a 60% pension.
Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 11, 2011 05:40 AM (8y9MW)
make multi-billion dollar bad calls on Asian currency trades, and screw all of the hot chicks in PR.
Was that wrong? Should I not have done that? Because, if someone had told me that was wrong, well, I wouldn't have done that.
Posted by: George Costanza at October 11, 2011 05:41 AM (sbV1u)
Which is still better than that terrible 1% of teachers who commit actively criminal acts.
Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 11, 2011 05:41 AM (8y9MW)
Hire them, put to task, profit. They will learn along the way.
Posted by: Jean at October 11, 2011 05:44 AM (WkuV6)
The internet is quietly in the process of revolutionizing the area of Teaching.
If you saw John Stossel's special on teacher's unions and teaching.....you know what I am talking about.
The 'good teachers' can now make videos on subjects that they excell at teaching. ....And those videos can teach millions. ....Home schooling is going to grow.
Posted by: ConservativeMenAreJustHotter at October 11, 2011 05:44 AM (k8CH1)
You mileage may vary, but I would never hire a 20-year old kid without a degree for a software engineering position (unless he had industry experience, since that's better). You have no idea what you are getting and I don't want to waste time explaining why nesting loops should be avoided to a script kiddie.
At the very least, a diploma indicates that the prospective engineer has some exposure to decent algorithm design and a background in math. You'll get much better code that way.
However, if they've been in industry, all that goes out the window. Five years industry experience trumps a diploma.
Posted by: Bevel Lemelisk at October 11, 2011 05:45 AM (FkKjr)
Inside trading, they would sell high - then make the announcement.
Posted by: Jean at October 11, 2011 05:45 AM (WkuV6)
The 'good teachers' can now make videos on subjects that they excell at teaching. ....And those videos can teach millions. ....Home schooling is going to grow.
Case in point: The Kahn Academy
This guy is going to bankrupt the public education kleptocracy.
To quote Insty, "faster please."
Posted by: George Costanza at October 11, 2011 05:47 AM (sbV1u)
Posted by: ConservativeMenAreJustHotter at October 11, 2011 05:47 AM (k8CH1)
Both of which are unlikely to come from a base CS degree (some are good, most suck). Get a physics MA who has been starving to death working on some experiment for years.
Posted by: Jean at October 11, 2011 05:48 AM (WkuV6)
Wife acting a mite uppity? Come to Topeka and put her in her place. Wife beating classes now offered by Topeka Muslims for 14th Century Values.
Posted by: Hussein the Plumber at October 11, 2011 05:48 AM (jx2j9)
Posted by: ConservativeMenAreJustHotter at October 11, 2011 05:49 AM (k8CH1)
That's why I believe in working interviews and white-board interviews. Make them show you that they know their stuff.
I also like the idea of hiring someone for a non-development position (say, support, or help-desk, or whatever) but send them the occasional low-priority/low-risk development assignment. That will let them get their chops and some real experience.
If you're going to do that, though, you've got to follow through with a dev job once they're good enough- or be prepared to lose them.
Posted by: AllenG (Dedicated Tenther) is tired beyond tired of the trolls at October 11, 2011 05:50 AM (8y9MW)
Posted by: Jean at October 11, 2011 09:48 AM (WkuV6)
College programs may be different, but when I went to UMass I came out with a math minor without taking any extra courses. The curriculum was probably about 50% math. And nothing against physicists, but they rarely teach them about data structures.
Posted by: Bevel Lemelisk at October 11, 2011 05:50 AM (FkKjr)
For your listening pleasure, music to DOOM rinos by.
Posted by: Hussein the Plumber at October 11, 2011 05:51 AM (jx2j9)
Queen of Your Diet shows her mortality:
"Well, I did a show with Michelle and I just loved being with her,"
Deen told Yeas & Nays. "She probably ate more than any other guest
I've ever had on the show —she kept eating even during commercials."
Deen taught Obama how to fry shrimp during a TV segment in September
before the 2008 presidential election. "You know what their favorite
foods are — it's hot wings, you know, those kinds of foods that are not
necessarily top-of-the-list healthy foods, so she's no different than
the rest of us," Deen said.
Posted by: The Robot Devil at October 11, 2011 05:52 AM (DNTer)
Posted by: Jean at October 11, 2011 05:53 AM (WkuV6)
Highland Park— Most of the city's street lights have been repossessed because officials failed to pay a multimillion-dollar utility bill, giving rise to concerns about safety and crime in darkened neighborhoods.
DTE Energy crews have removed about 1,400 light poles from Highland Park as part of a settlement that allowed the city to avoid paying $4 million in unpaid bills going back several years. DTE, which says the work will be completed by Oct. 31, has replaced 200 lights with newer models on street corners, but most neighborhoods remain in the dark.
Posted by: Jean at October 11, 2011 05:59 AM (WkuV6)
Posted by: phoenixgirl at October 11, 2011 06:03 AM (eOXTH)
Cut back on socialism? Hell no, stiff the electric company instead. Except hat in Detroit what they would have to cut back on is the graft and corruption.
The best thing that could happen to Detroit would be to dis-incorporate the city government and tell everyone living there you are now part of the county. But make sure ALL city government workers are fired first and all past contracts are negated by declaring bankruptcy.
Posted by: Vic at October 11, 2011 06:04 AM (M9Ie6)
Posted by: Oldsailor's poet at October 11, 2011 06:04 AM (ZDUD4)
Definitely OT - best wishes Vic, as a dedicated lurker I love your news updates - news from the US condensed for me late at night (here) and I hope all goes well with your chemo tomorrow
Bedtime for me in Sydney as it's after 1am Wednesday morning - and watch out everyone - it's full moon!
Posted by: aussie at October 11, 2011 06:12 AM (WqUPk)
Posted by: Comrade Arthur at October 11, 2011 06:17 AM (mGnwL)
"Is a trade war with China justified? Given our dependence on trade with China, I doubt it -- we can threaten and bluster all we want, but come down to it, we and the Chinese need each other. If we are serious about punishing China, then the solution is simple -- stop buying stuff from them."
I really don't meant to quibble here about symantix... but... how is "trade war" different from "stop buying stuff" to express our displeasure...
Isn't that what a trade war IS?
And isn't the case for a trade war THIS: One country uses cheap labor costs to devastate another country's domestic industry. As soon as the domestic industry under attack is destroyed, the other country then proceeds to jack up its labor and product costs, enabled by the fact the domestic industry is no longer around to compete with. And since a major industry such as autos take years and huge amounts of capital to establish... it's not like the domestic industry can instantly rebound the moment the foreign companies raise prices. ESPECIALLY when companies in the same industry from OTHER countries are using the same low labor tactics to establish a foothold in the domestic economy.
Posted by: Robot at October 11, 2011 06:18 AM (Iaxlk)
Clueless Ignorance + Narcissistic Arrogance = BHO
I see the love match.
Posted by: Gregory of Yardale at October 11, 2011 06:23 AM (PLvLS)
Now I'm off to do some serious.......ooh, look, a shiny.
Posted by: GnuBreed at October 11, 2011 06:24 AM (ENKCw)
Finally, the host asked him, "What do you do for a living?"
He answered, "Media consultant."
Yeah, that's a real ... useful... line of work.
Coup de Grace: His solution was to return to the Eisenhower Era 70-90% tax rates because "Those rates encourage businesses to build factories and invest in technology instead of paying their executives exorbitant salaries."
Posted by: Gregory of Yardale at October 11, 2011 06:27 AM (PLvLS)
Posted by: The Poster Formerly Known as Mr. Barky at October 11, 2011 06:27 AM (qwK3S)
I can already hear the cries of health care education should not be "for profit".
Posted by: rockhead at October 11, 2011 06:42 AM (ZMHGo)
Posted by: rockhead at October 11, 2011 10:42 AM (ZMHGo)
Right on!
Posted by: American Teachers' Union of America at October 11, 2011 07:03 AM (v+QvA)
My friends and I used to ponder what people would do with their time if we ever achieved a Star Trek-like replicator technology and no one actually had to work for a living -- would we spend our time creating art, expanding the frontiers of science, and advancing civilization; or would we sit around all day watching TV and eating Cheetos out of a big tub?
You'd work in a replicator factory, assembling replicators......which would only be available via government license, with limits placed on the number and types of goods produced by the wonder machine.
Posted by: IllTemperedCur at October 11, 2011 07:28 AM (o1ki4)
Posted by: The Robot Devil at October 11, 2011 09:21 AM (3gy1T)
Heh. We've got a retired LA cop up the street (N. Idaho) with the same.
Posted by: Derak at October 11, 2011 07:53 AM (8tAhu)
__________
True story:
When I was doing the consulting engineering thing, I used to travel a lot. One day I was heading out of Salt Lake City. The security guys were crowded around something gaping at it. You know those hanging suit bags? Some idiot had tried to carry on one that will stuffed full of ball peen hammers.
That's how I came to know precisely how dumb a bag of hammers is.
Posted by: Anachronda at October 11, 2011 08:10 AM (IrbU4)
Been doing that for years at this point. I avoid Made in China as much as possible, especially with regards anything that might be food-related. I look for the Made in the USA label and buy that. It's usually better-quality anyway.
Failing that option, I buy used when I can. I try very hard not to send more money to the Chinese government.
Posted by: Jishin at October 11, 2011 09:26 AM (Um13g)
Posted by: steevy at October 11, 2011 02:32 PM (fyOgS)
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Posted by: Sean Bannion at October 11, 2011 05:07 AM (sbV1u)