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Sunday, October 30, 2011
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The following "myth, parable, story, tale, joke, etc" has made many rounds of the net. It has been considered "debunked", because the AUTHORSHIP attributed is often wrong. Truth doesn't need an attrbuted author, and it certainly is not "improved" by being alledgedly sent from a PHD or journalist, or whatever.
The point is to look at the numbers and realize how foolish it is to continue to abuse the top for being successful. It would be FAR better for the rest of us to do some thinking, education and most of all DOING in order to improve out own rate. Perhaps we can pay our own bar tab someday
Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our income taxes, it would go something like this:
The first four men (the poorest) would pay nothing.
The fifth would pay $1. (1% of the bill)
The sixth would pay $3. (3%)
The seventh would pay $7. (7%)
The eighth would pay $12. (12%)
The ninth would pay $18. (28%)
The tenth man (the richest) would pay $59. (59% of the bill)
So, that's what they decided to do. The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. "Since you are all such good customers", he said, "I'm going to reduce the cost of your daily beer by $20". Drinks for the ten now cost just $80.
The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his "fair share?"
They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay.
The fifth man, like the first four, now paid nothing (100% savings on his previous tax payment for 5th man)
The sixth now paid $2 instead of $3 (33%savings).
The seventh now pay $5 instead of $7 (28%savings).
The eighth now paid $9 instead of $12 (25% savings).
The ninth now paid $14 instead of $18 (22% savings).
The tenth now paid $49 instead of $59 (16% savings).
Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings. "I only got a dollar out of the $20," declared the sixth man. He pointed to the tenth man, "but he got $10!" "Yeah, that's right," exclaimed the fifth man. "I only saved a dollar, too. It's unfair that he got ten times more than I!" "That's true!" shouted the seventh man. "Why should he get $10 back when I got only two? The wealthy get all the breaks!" "Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor!" The nine men surrounded the tenth and beat him up.
The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!
And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.
Saturday, October 29, 2011
"Lesser, albeit still significant amounts were measured in other locales around the northeast, including 1.3 inches of snow in New York's Central Park as of 2 p.m. -- the most ever for this date since record-keeping began in 1869. And snow continued to fall Saturday evening, as the system moved over New England."
Friday, October 28, 2011
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Wednesday, October 26, 2011
Tuesday, October 25, 2011
Sunday, October 23, 2011
The rap mogul Russell Simmons and the rapper Kanye West meandered over to Occupy Wall Street’s cradle, Zuccotti Park. By all accounts West was wearing more bling, though Simmons has bigger bucks: his net worth has been estimated as being between $100 million and $340 million. West’s is below that, and he made only $16 million or so last year.
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Still, it is good to know that America’s reporters haven’t completely forgotten how to do research. Given the lack of interest they have shown in Barack Obama’s early life–that is, his life before 2004–to say nothing of his father’s history–and the studiousness with which they avoided learning anything at all about John Edwards, I thought maybe they had given up researching presidential candidates altogether.
Saturday, October 22, 2011
Thursday, October 20, 2011
Well worth the read. We are very close to having the technology, how will we deal with the legal repercussions?? We lose 10's of thousands of people on the road now. Say we lost "100's" each year due to errors / failures in this technology. Could Google (or anyone) survive the law suits from the "few hundred" that die because of "automated systems failure"??
It could likely save more energy than everything BO has even proposed to date (smoothness, efficiency, less need to hurry on the drive since you are working / on the net anyway, drafting on the highway, etc).
The top execs at Google are of course in the "1%" that OWS is targeting. Guess they are "evil" after all.
Tuesday, October 18, 2011
In fact, in the first nine months of this year, federal spending was $120 billion higher than in the same period in 2010, the data show. That's an increase of almost 5%. And deficits during this time were $23.5 billion higher.
Jared Bernstein, former chief economic adviser to Vice President Biden, wrote over the summer that "government spending cutbacks have been a large drag on growth in recent quarters and have led to sharp losses in state and local employment."
Economist and New York Times columnist Paul Krugman argued in September that "the turn toward austerity (is) a major factor in our growth slowdown."
Sunday, October 16, 2011
The problem for Hartland-Lakeside was that WEA Trust was charging significantly higher rates than the school district could find on the open market. School officials knew that because they got a better deal from United HealthCare for coverage of nonunion employees. On more than one occasion, Superintendent Glenn Schilling asked WEA Trust why the rates were so high. "I could never get a definitive answer on that," says Schilling.
Gee, even the billionaires for BO are having second thoughts. Mercy!
"His words struck a chord. When I visit Mr. Zuckerman this week in his midtown Manhattan office, he reports that three people approached him at dinner the previous evening to discuss his August op-ed. Among business executives who supported Barack Obama in 2008, he says, "there is enormously widespread anxiety over the political leadership of the country." Mr. Zuckerman reports that among Democrats, "The sense is that the policies of this government have failed. . . . What they say about [Mr. Obama] when he's not in the room, so to speak, is astonishing."
And this was before BO decided it was time to open another war front. Is 4 wars at once some sort of a record?
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Saturday, October 15, 2011
"The time has come for men and women of conscience in this nation to stand up. It's vital that we elected individuals, regardless of party, who choose not to be an incestuous relationship with the rich in this country who are only about fattening their bottom lines while ignoring the plight of others.
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Tuesday, October 11, 2011
Monday, October 10, 2011
Saturday, October 08, 2011
Policies have consequences.
82-83 was a worse recession by every statistic, and it came on top the sick 70's, a decade where the US looked like dogmeat. September of '83 is the greatest month of job creation in US history, 1.1 Million -- Because of government being put on a leash and the private sector driving.
Government doesn't create jobs, BUSINESS creates jobs. If we can't get that right, nothing works.
We know how, JUST DO IT!!!
Friday, October 07, 2011
I'm not sure I agree with Charles on the extreme import this may have. If true, much like the discovery of quantum effects, it will put Einstein's model in a "bounded domain" much as Einstein put Newton's model in a similar bounded domain. Newtonian physics still works just fine for well over 90% of physics work, because we humans live in the speed and weight range where Newton's model is explanatory. So it will likely be with Einstein's Relativity. Again, **IF** this is proven to be true.
What I DO really like about this article is:
1). Way short of all that is newsworthy is political. Out current world is WAY to heavily tilted to the overblown focus on things political. This is real hard science happening that COULD make fundamental changes in the way we compute and communicate, and who knows? Faster than light??
2). How complete an absurdity it is that "Climate Change" could be "settled science" by ANYONE, when E=MC**2 is not, and SHOULD not be!!!
Sunday, October 02, 2011
Mr. Hamm's rags to riches success is the quintessential "only in America" story. He was the last of 13 kids, growing up in rural Oklahoma "the son of sharecroppers who never owned land." He didn't have money to go to college, so as a teenager he went to work in the oil fields and developed a passion. "I always wanted to find oil. It was always an irresistible calling."
He now is the 33rd richest guy in America.
Mr. Hamm calculates that if Washington would allow more drilling permits for oil and natural gas on federal lands and federal waters, "I truly believe the federal government could over time raise $18 trillion in royalties." That's more than the U.S. national debt, I say. He smiles.
Oh wait, it might be only half that ... this guy is an optimist, and this is the age of fools -- we invest $500 million in bankrupt "green energy" companies, and stick it to guys like Hamm.
Washington keeps "sticking a regulatory boot at our necks and then turns around and asks: 'Why aren't you creating more jobs,'" he says. He roils at the Interior Department delays of months and sometimes years to get permits for drilling. "These delays kill projects," he says. Even the Securities and Exchange Commission is now tightening the screws on the oil industry, requiring companies like Continental to report their production and federal royalties on thousands of individual leases under the Sarbanes-Oxley accounting rules. "I could go to jail because a local operator misreported the production in the field," he says.It is so reminiscent of "Atlas Shrugged"
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All hail BO!