Wednesday, April 25, 2018

Reverie

“The press takes him literally, but not seriously; his supporters take him seriously, but not literally.”--Salena Zito 





On the making of law, from Tullock: "In general, the bills themselves are written by the civil service, by congressional assistants, or, in many cases, by special interests who offer “advice” sometimes in the form of completely worked out pieces of legislation."
Lawmakers.



In both Britain and the United States a criminal can sue the house owner for an injury he or she got whilst robbing the house - and a trasspaser can sue a houseowner for an injury got whilst (for example) climbing trees without permission - the law has become the enemy of private property and civil freedom.--a letter to the editor, from, obviously, a Brit



Chicago doubled cellphone fees to fund its Olympics bid. The Olympics rejected Chicago — but the tax remained. Now Mayor Rahm Emanuel wants to raise it again.
Taxing is forever.



Peter Gunter, a North Texas State University professor, wrote in 1970, “Demographers agree almost unanimously on the following grim timetable: by 1975 widespread famines will begin in India; these will spread by 1990 to include all of India, Pakistan, China and the Near East, Africa. By the year 2000, or conceivably sooner, South and Central America will exist under famine conditions….By the year 2000, thirty years from now, the entire world, with the exception of Western Europe, North America, and Australia, will be in famine.”
Experts and their tyranny.



Traditionally, no one can be punished in a free society without being first convicted of a crime. But "civil forfeiture," which originally arouse in America to attack individual who were committing crimes but were beyond the reach of the law--specifically smugglers and pirates, solved the problem. It treated the property as the criminal. In 1996, John Bennis had a tryst with a prostitute and got arrested. The government took the car he was in--which must have been particularly galling to the car's owner, Mrs. Bennis. She sued and lost in the Supreme Court.

Civil forfeiture is the topic of the movie "Little Pink House," in which the state takes over a housing development because the proposed new owners will pay more taxes. People lost their homes because the state saw a better use for their property.



New York City's average subway worker makes $155,000 a year.





Exports account for 40% of Germany's GDP.



Numbers from the Congressional Budget Office show that in the past 10 years, 70 percent of real spending increases have gone to Social Security and Medicare. In fiscal 2017, the federal government spent $4 trillion. Of that, 40 percent — $1.5 trillion, or 8 percent of our gross domestic product — went to Social Security and Medicare. These two programs will consume $3 trillion in the next decade, and that doesn't include the interest charged on Uncle Sam's credit card.



Who is.....Teressa Bellissimo?



Charen: Trump justifies this crony capitalist move by reference to section 232 of the Trade Expansion Act of 1962, which grants the president the authority to impose tariffs in cases involving national security. This is transparent bad faith. We get two-thirds of our steel from domestic producers. Among the nations from whom we buy the rest, adversaries like China (2.2 percent) and Russia (8.7 percent) contribute trivial amounts. Our biggest suppliers are Canada, Brazil, South Korea and Mexico. Moreover, Trump has also suggested that the steel tariffs could be dropped in exchange for concessions in NAFTA negotiations, proving that the national security argument is disingenuous.



7% of Chicago's budget is from traffic tickets. Last year 10,000 people declared bankruptcy over traffic tickets.




U.S. consumers racked up $92.2 billion in credit card debt during 2017, pushing outstanding balances past $1 trillion for the first time ever,” according to WalletHub’s latest Credit Card Debt Study, based on Federal Reserve data released in March. What’s more, nearly one in four Americans (21%) say they have more credit card debt than emergency savings, according to data released in 2018 by Bankrate.


About six in 10 Americans (61%) say they don’t even have enough savings to cover a $1,000 emergency like a visit to the ER or car repair, according to a Bankrate.com report released earlier this year. And data from 2017 from GoBankingRates.com found that 39% say they literally have nothing in their savings accounts. What’s more, the Bankrate data found that nearly one in five Americans who don’t have enough emergency savings (19%) would have to put that unexpected expense on a credit card and finance it over time, 12% would borrow from family or friends, and 5% would take out a personal loan.

Golden oldie:






“If you go back to 1960 or thereabouts, corporate taxes were about 4 percent of G.D.P.,” Warren Buffett said. “I mean, they bounced around some. And now, they’re about 2 percent of G.D.P.”

By contrast, he said, while tax rates have fallen as a share of gross domestic product, health care costs have ballooned. About 50 years ago, he said, “health care was 5 percent of G.D.P., and now it’s about 17 percent.”





There has never been more personal wealth in America than there is

today (over $22 trillion in 1996). Yet most Americans are not wealthy.
Nearly one-half of our wealth is owned by 3.5 percent of our households.
Eighty percent of America's millionaires are first-generation rich.
(from The Millionaire Next Door)


Individuals, not nations, trade. Remind yourself of this truism and many fallacies melt away. I have no conflict of interest with Chinese or Canadian steelmakers or other foreign producers. On the contrary, we have a harmony of interests.--Richman



And a little bit of information: Wings, the unwanted byproduct of poultry’s choice cuts, began to appear on bar menus precisely because they were so cheap and readily available. Now, according to the NCC, they’re second in price only to the boneless, skinless meat of the breast.
Chicken wings are divided into three parts, two of which we consume as “wings” -- the “drummette,” a mini-drumstick that attaches the wing to the body, and the flat, two-boned middle segment. The wing tips, unpopular in the U.S., are usually shipped to Asia. Every four wings in your typical bucket, then, are equivalent to one fully grown chicken.


Buffalo wings: Named for their place of origin, Buffalo, New York, this is one of the few kinds of fried chicken that is not traditionally battered before frying. The Buffalo wing was invented in 1964 at Anchor Bar in Buffalo, New York by Teressa Bellissimo.







A decade ago, seven years after the war in Afghanistan began on Oct. 7, 2001, then-Defense Secretary Robert Gates said the U.S. objective was the creation of a strong central government. When he was asked whether Afghanistan had ever had one, he answered without hesitation: “No.”




AAAAAaaaannnnnddddd......a graph:




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