I'm not sure I'm ready to have fun yet.--child at tennis camp
Good morning.
Chris had a good week at work.
Ned sounds good. Liz is better.
Very disappointing hockey weekend.
Trump can appoint judges and tweet but his political influence seems mostly symbolic, mainly in the minds of his enemies. It is peculiar to see him blamed for New Zealand acts. But hyperbole is all.
It is one thing for the government to be inept in its ability to control the border with its source of drugs and aliens, it is quite another for it to say it does not want to control it.
From an article opposed to transparency by Mingardi: “...tax avoidance was rarely the main motivation for individuals hiding money abroad. Most wanted to diversify their risks by hiding some of their wealth in safer jurisdictions. Privacy is crucial for those who live under capricious regimes or are potentially exposed to kidnapping or extortion”.
Whether you’re watching March Madness, the Super Bowl or ultimate frisbee, it will soon be more interactive, more immersive—and a lot more like sitting courtside.(wsj)
The very Reverend Paul Brandeis Raushenbush from Auburn asks about white supremacy: “What are white people doing about it?” It’s time, he says, “to treat white supremacist terrorism as the global threat it is.” From ISIS to caged children on the Border to anti-Semites to Yellow Vests to Ebola, it is increasingly difficult to figure which crisis to be scared witless of. But white supremacists? Somehow whites are held responsible for the lunatic acts of a madman in New Zealand but Islam not for the acts of one of its groups. The West seems very confused about how it views individuals.
According to 2018 projections by the Congressional Budget Office (CBO), by 2031 all revenues collected by the federal government will be pre-committed before Congress even begins to debate the budget. 18 years ago, Congress had discretion over more than 40 percent of government revenues. Today that figure is around 14 percent. By 2031, Congress could officially have no say on how tax dollars are spent.
Anyone who maintains that a $75 billion income tax cut helps the economy must also agree that a tariff hike of $45 billion or more must harm the economy.
WhatsApp cofounder Brian Acton defended his decision to sell his company to Facebook for $19 billion and encouraged students to delete their accounts from the social network in a rare public appearance at Stanford University on Wednesday.
The countries adding the most to global growth in 2019. While the U.S. looks to be fading, look at the EU.
On this day in 1937, nearly 300 students in Texas were killed by an explosion of natural gas at their school.
Rent-Seeking
“Rent-seeking,” is the use of favorable government rules and regulations to attract taxpayer-funded subsidies or protection from competition. Amazon's move to NYC was facilitated by rent-seeking. Those government programs may allow producers to charge higher prices, because competition is kept out by regulation. Or the government may take money from taxpayers and simply give it to companies. Either way, no value is created for consumers. In fact, consumers are likely harmed because they are denied choices and have to pay higher prices. The benefits--and risks--of competition are sidestepped. Corporate leaders benefit, monetarily and in the short run, from negotiating favorable legislation and protection from politicians. And politicians benefit from making businesses dependent on taxpayer handouts. Businesses that don’t play along will be singled out for “special” attention, either extra taxes or unwelcome regulation. And investment in government protection is cheep and efficient. Could a mature company find as much bang for its buck in some peripheral research project or an obscure market as much as simple influence peddling?
The communists thought the capitalists would sell them the rope to hang themselves with but maybe capitalism will be undermined by its self-defeating, immoral and lazy amalgamation with government. (some from Munger)
Good morning.
Chris had a good week at work.
Ned sounds good. Liz is better.
Very disappointing hockey weekend.
Trump can appoint judges and tweet but his political influence seems mostly symbolic, mainly in the minds of his enemies. It is peculiar to see him blamed for New Zealand acts. But hyperbole is all.
It is one thing for the government to be inept in its ability to control the border with its source of drugs and aliens, it is quite another for it to say it does not want to control it.
From an article opposed to transparency by Mingardi: “...tax avoidance was rarely the main motivation for individuals hiding money abroad. Most wanted to diversify their risks by hiding some of their wealth in safer jurisdictions. Privacy is crucial for those who live under capricious regimes or are potentially exposed to kidnapping or extortion”.
Whether you’re watching March Madness, the Super Bowl or ultimate frisbee, it will soon be more interactive, more immersive—and a lot more like sitting courtside.(wsj)
The very Reverend Paul Brandeis Raushenbush from Auburn asks about white supremacy: “What are white people doing about it?” It’s time, he says, “to treat white supremacist terrorism as the global threat it is.” From ISIS to caged children on the Border to anti-Semites to Yellow Vests to Ebola, it is increasingly difficult to figure which crisis to be scared witless of. But white supremacists? Somehow whites are held responsible for the lunatic acts of a madman in New Zealand but Islam not for the acts of one of its groups. The West seems very confused about how it views individuals.
According to 2018 projections by the Congressional Budget Office (CBO), by 2031 all revenues collected by the federal government will be pre-committed before Congress even begins to debate the budget. 18 years ago, Congress had discretion over more than 40 percent of government revenues. Today that figure is around 14 percent. By 2031, Congress could officially have no say on how tax dollars are spent.
Anyone who maintains that a $75 billion income tax cut helps the economy must also agree that a tariff hike of $45 billion or more must harm the economy.
WhatsApp cofounder Brian Acton defended his decision to sell his company to Facebook for $19 billion and encouraged students to delete their accounts from the social network in a rare public appearance at Stanford University on Wednesday.
The countries adding the most to global growth in 2019. While the U.S. looks to be fading, look at the EU.
On this day in 1937, nearly 300 students in Texas were killed by an explosion of natural gas at their school.
Rent-Seeking
“Rent-seeking,” is the use of favorable government rules and regulations to attract taxpayer-funded subsidies or protection from competition. Amazon's move to NYC was facilitated by rent-seeking. Those government programs may allow producers to charge higher prices, because competition is kept out by regulation. Or the government may take money from taxpayers and simply give it to companies. Either way, no value is created for consumers. In fact, consumers are likely harmed because they are denied choices and have to pay higher prices. The benefits--and risks--of competition are sidestepped. Corporate leaders benefit, monetarily and in the short run, from negotiating favorable legislation and protection from politicians. And politicians benefit from making businesses dependent on taxpayer handouts. Businesses that don’t play along will be singled out for “special” attention, either extra taxes or unwelcome regulation. And investment in government protection is cheep and efficient. Could a mature company find as much bang for its buck in some peripheral research project or an obscure market as much as simple influence peddling?
The communists thought the capitalists would sell them the rope to hang themselves with but maybe capitalism will be undermined by its self-defeating, immoral and lazy amalgamation with government. (some from Munger)
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