Annette Funicello has passed away.
In Closing: Agreed?; working in America; 100 Very Vegas Facts; That’s the Fact Jack; cutting the cord.
Tag: taxes
Do you think these two things might be related?
Fact one: Home prices are up nationwide. By how much depends on which index you like to use.
Fact two: The number of available existing homes listed is down. Not down a little bit, but down about 17% in 146 metro areas (I think that qualifies as “nationwide”) and down over 25% in a couple dozen places.
Looks like the law of supply and demand is still in play. Keep this in mind if you think this is a great time to buy.
In Closing: Harvard points out the obvious; about a quarter of Americans have more credit card debt than money in the bank — not total debt, just credit card debt; the truth about low capital gains taxes; signs of autism can be found at birth (that’s long before anybody can get vaccinated, for those keeping score); strategy; and surely I am not the only person who thinks the timing here is odd. Do you really believe that the Pope mulled his decision to resign for health reasons for quite a while before suddenly making an announcement, then realizing too late that it’s the middle of Lent and somebody has to do his job?
Music Monday: Not Worried about the Sequester
Open Letter to Los Angeles
Hi L.A., How are you?
This is a little awkward. See, the thing is that I do like you. I don’t mind your sprawl. I love your museums. How many cities have their very own tar pit? You have a cute little Chinatown.
The thing is, I don’t think you are safe anymore. The problem isn’t you. It’s that police force of yours. I think he’s bad for you and I wish you could dump him for somebody better.
It isn’t just the thing with Chris Dorner — even though it’s obvious that LAPD never intended to bring him in alive for a trial. I mean really, they shot up two different pickup trucks, not one of which met the description of Dorner’s truck, and not one of whose occupants was even the same race as Dorner.
Unfortunately, this is just part of a trend for LAPD. I know there’s more to the story, but shooting somebody in the back as they run away from you isn’t exactly the textbook definition of “self defense.” And do you know what happens if you search Youtube for “LAPD Shoots”? Over 300 videos at the moment: shooting carjackers, shooting murder suspects, shooting those pickup trucks, shooting a deaf mute man, shooting a young Muslim man 90 times. Sure, there are films of the shooting range, and about cops being shot, commentary about people being shot, and of course some multiple-camera-angles-of-same-incident. An alarming number of these clips are recent.
I am starting to think that the real gun control needs to involve taking guns away from your officers.
Sorry Los Angeles. I’ll keep in touch, I promise. But don’t expect my tourist dollars any time soon.
In Closing: break the silence; broadband; nosy neighbors confuse maple syrup rig for meth lab; apparently, some cops think a car sticker is “probable cause”; not just at airports; glad Joe Biden cleared that up!; mainstream nutrition; Dave Johnson uses this thing called logic; have no fear, your homeowner’s policy covers meteor crashes; on Elizabeth Warren; please notice the very careful wording about 2/3 down; on consumer education; I guess she’s hoping no future employers Google her; and pot.
No Reason to Subscribe to Fortune
[I]f America fails to enact historic, structural reforms in spending, an entirely new source of revenue will be needed. And it’s likely to be enacted in haste and near-panic, as the only option to forestalling a crisis. “The gap between revenues and outlays will be simply too large,” says J.D. Foster, an economist at the conservative Heritage Foundation and a former budget official under President George W. Bush. “Three points of GDP need to be closed to make budgets sustainable. Either government spending gets back near where it used to be, or we’ll need an completely new type of tax.”
The new levy will need to be big, so big that the most probable choice is a European-style value-added tax or VAT. That looming revenue machine is the phantom in the room, the tax that’s still invisible to most Americans, but that threatens precisely the group that’s supposed to emerge from all the deal-making as the Great Unthreatened, our middle class.
Now then, let me explain why a VAT — particularly a hastily enacted VAT — is absolutely not going to happen. It’s called the 16th Amendment:
The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.
Congress has two ways of taxing us. The first is a tax based on the number of people in the state. It should be obvious that it’s not entirely fair to make your tax bill based on state population without regard for your ability to pay (it seemed like a good idea in the 18th century), so the 16th Amendment had to be passed to make income tax legal. I am not a lawyer or a constitutional scholar, but I don’t see a damn thing in the Constitution or Amendment 16 that makes a national sales tax legal.
Anybody who wants a VAT had better start working on an amendment to the Constitution. That cannot be done in haste.
This article is supposed to scare you and I into insisting on austerity rather than implement this improbable, middle class “crushing” tax. Heaven forbid we should raise additional revenue through higher taxes on the wealthy at the rates they were under Reagan, or Nixon, or heaven forbid Eisenhower (all “conservative” Republicans of their day). Nope, easier to frighten you into giving up the things your taxes have paid for: well maintained roads; safe water coming out of your tap and safe food available at your local grocer; police and fire services; public schools that make sure businesses can hire literate employees anywhere in the nation; a minimal retirement income you already paid for. Nope, gotta cut back somewhere.
In Closing: scientific method suggests that when your experiment doesn’t work, you change the hypothesis; what a sleeze; let’s not lock kids up in solitary; wealth gap grows; agreed; women will die because their parents are afraid they will think sex is ok; I find it hard to believe that’s cost effective; “Just how many female-headed single-parent families with two children under 10 are there in the United States making $260K/year, anyway?”; and wouldn’t that be a waste.
Diet Research? It must be January.
Yes indeed, it’s the first week of the year, and that means millions of Americans are trying to shed between 5 and 500 pounds. Some scientists were even willing to stick their necks out there and say fructose is a culprit in weight gain (a culprit not the culprit). Check the archives and you will find me many times saying that every weight loss diet that works requires drastically reducing if not altogether eliminating added sugars.
So Loyola University wants to help you out. They’ve got what they think are the top 4 reasons diets fail. Let me save you some reading:
- Underestimating calorie intake (e.g. eating too damn much)
- Overestimating activity and calories burned (e.g. imagining that an amble around the mall is just like a 5 mile run)
- Poor timing of meals (the dreaded “starvation mode“)
- Inadequate sleep (having a job and other responsibilities)
Really? I’m on board with reasons 1 and 2, although I see them as two sides of one coin. But do they really think that sleep is a bigger issue than unrealistic expectations in the first place, or diet plans that are for whatever reason unsustainable? Do they think that eating at the wrong time is truly a bigger issue than unsupportive friends and family who –subtly or openly — undermine the dieter’s efforts?
Want to lose weight without torturing yourself? Try eating reasonable portions of real food: plenty of veggies; adequate protein; no sweets, no crap that comes out of a box, no food-like chemistry sets. Hey, it’s no dumber than the other diets you’ve tried over the years.
In Closing: free classes; Downtown Vegas and F15; maybe now somebody will ask banks to follow the law pretty please?; Onna–bugeisha; ha!; conform or be called a terrorist; Malala; why oh why did Texas give him a second term?; more employment data than you probably want; somebody inform Scalia that 24 is not a documentary; the estate tax is not a wealth tax, it’s a wealth moving into the hands of someone who didn’t actually earn it tax; it turns out you need facts before you can figure out what to think about them; well that’s gonna have conservative panties in a wad; the Romney Loophole; is anybody surprised by this?; and I think Brent may have been playing Black Ops 2.
I’m sure it seemed like a good idea at the time
USA Today tells us that thanks to patient surveys, hospitals are kissing our butts:
Special air-blowing vests keep patients warm pre-surgery. Private rooms are the norm. Staffers regularly check in with patients to anticipate their toilet and showering needs to cut down on call-light usage. Patients are given clear discharge instructions. Cleaning is no longer done at night. Patients are taught the difference between “pain-free” and “pain-controlled.”
[snip!]
Amenities such as free lattes and valet parking are not new to hospitals. They began offering them years ago in a high-stakes fight to lure patients. However, what hospitals are doing now is, for the most part, tailored to the survey questions they know patients will be asked.
[snip!]
“The problem is America is a free-market economy,” [Rajesh Balkrishnan of the University of Michigan] said. “We need to give patients a way to speak on what they think about health care, what works for them, how health care professionals work for them, because those factors go into determining whether treatments are successful.”
I don’t think any of us have a problem with the idea that they are trying to make a hospital stay a more pleasant experience. It’s hard to recover from whatever when there is too much noise to rest, for example. It’s great that staff is making a better effort at explaining what’s going to happen. Anticipating needs? Well that is mighty fine customer service. However, I think now we are starting to go too far.
For one thing, who the heck is paying for these valets, lattes, and pre-surgery warming vests? In the end, you and I are through higher premiums and taxes. Could we perhaps make do with a clean blankie and a coffee maker?
Second, all this nonsense loses sight of Reality. In Reality, people choose a hospital based on two factors and only two factors: What hospital will my insurance company pay for? or What hospital is closest to the site of the accident? The overwhelming majority of people don’t have the luxury of saying “General Hospital has a better record of surgical outcomes” or “St. Elsewhere has free espresso drinks!” Let’s stop pretending that any of this is considered by Joe and Jane Average when Joe’s having chest pain.
Speaking of Reality, I understand that Obamacare means more insured patients means more demand for physician services. But where exactly does Stacy think she’s going to find doctors for that medical office space she’s trying to rent out?
In Closing: it would be nice if reporters would actually read scientific studies before telling us what they say; light up crosswalks; they had to get water from somewhere; college readiness may be more than academic skills; some taxes are going up regardless of what gets decided about the fiscal cliff (at this point I’m mighty tempted to say let’s just go there and watch the backpedaling); OBEY; and the ultimate helicopter parents.
On the Jobs Numbers
So I have some open tabs that I’ve been saving for a discussion on employment, unemployment, and job creation. Luckily for me, job creation and unemployment numbers came out today. Unemployment does continue to go down, and it looks like we [barely] create enough jobs to keep up with demand. However, many of those new jobs are low wage jobs that don’t actually help our nation at all. Wages are still kept artificially low, even though corporate profits are riding high (I bet higher corporate taxes would encourage those companies to pay people fairly).
But there’s a couple of things missing from the official figures. Well over half of employed people have their eyes open for better employment opportunities. There’s over 3 times as many job applicants as jobs to apply for.
That’s not the only reason it’s important to create more jobs. It seems that when people have jobs, they pay taxes.
In Closing: Russian small arms; depressing; Common Core; austerity; resume tips; good for her!; um no, it’s the blue “welfare” states supporting the red states; and irony.
Quite Possibly the Most Offensive Christmas Song Ever
Don’t play it if you don’t have a sense of humor. Don’t play it if you don’t want to hear “bad words.” You probably shouldn’t play it at work.
In Closing: the choice to fail; the majority of Americans want common sense; tweeting pope; and you thought American banks were bad; on the economy; explaining Iceland; let me save you some reading; NDAA sucks and the new version is no better; “And when a story has enough obvious holes in it that small children roll their eyes, its literal truth is going to be a tough sell”; all the econo-talk you can stand in one place; on Grover Norquist; avoiding the cliff; and the smartest thing I ever read about small business taxes is “My company and my competitors never made a decision based on taxes. They made decisions incorporating what the tax structure is because we can’t change it.”
I think I have a better idea….
So Clark County School District — the 5th largest school district in the nation — has a “successful” pilot of a program to keep track of students on school busses. Parents can theoretically find out whether their kids got on the bus, and where the bus is. Roughly 700 of the 110,000 students who daily ride the bus got special ID cards and were tracked for 4 whole weeks. Clearly something short of a representative sample. However, “because of financial problems, the district has shelved any large-scale program.”
Good for administrators for realizing that there were concerns about losing passes, and concerns about the costs of the system.
However, here’s the thing. There’s already a great technology in the hands of many middle school students and virtually all high school students that parents can use to keep track of their kids. Better yet, there is absolutely zero cost to the school district for this technology; most parents willingly — nay, eagerly — pay for implementation and all necessary equipment. I personally tested it for 4 years within the Clark County School District Transportation Department, and I feel certain that other parents here and elsewhere have similar experiences. In one case, I was even alerted to a wreck involving the school bus. This of course not only delayed pickup, but changed the pickup location. Use of this amazing technology saved the school district the time and expense of individual notifications to parents in most cases.
It’s called a cell phone.
Stop trying to reinvent the wheel, and stop pretending that a child’s RFID tag is necessarily in the same location as the child.
In closing: good call; inconvenient truth for anti-porn crusaders; Heinlein; I guess none of the researchers ever played the “telephone game”, or they could have saved a lot of research; so some busybody docs and pharmacists think they know more about women’s reproductive health than gynecologists; support a political cartoonist; hackers, crackers, and black swans; Expert Ezra; what could possibly go wrong; income inequality; the Buffett Rule; sure, there’s no such thing as inflation; and Cat Heaven Island. Enjoy an early Caturday.