6:49 am July 23, 2011, by Jay
If anybody needs to find me over the next week or so, here’s where I’ll be.
Oh, and you’re going to need a helicopter or a whitewater raft to get there.
Photo by R. Dobkin
July 29th, 20115:10 pm
You should go back to hanging sheet rock or crown molding or whatever it is that you do. Leave the debates concerning the minimum wage and empirical economic evidence regarding said wage to those of us who have actually spent time studying the concept. Ignorance is bliss so carry on Sport!
July 29th, 20115:14 pm
It is not even a issue doom.
July 29th, 20115:15 pm
July 29th, 20115:17 pm
I saw jewcowboy’s post about the auto-correct smart phone thing – not him – not in a while – he’s probably taking a break from us loonies.
Great song – back atcha-
Leave the debates concerning the minimum wage and empirical economic evidence regarding said wage to those of us who have actually spent time studying the concept phlogiston alchemist that believe in predictive algorithms turning lead into gold.
July 29th, 20115:19 pm
July 29th, 20115:21 pm
“Ignorance is bliss so carry on Sport!”
Anybody else have a memory trigger from a blogger who liked to say “carry on” and call people “sport”?
It’s official. You have to put this link up for your first post of the day. With every post would be better.
July 29th, 20115:22 pm
July 29th, 20115:23 pm
When Jay posted Last week’s Friday Night Music about Old Blue, I misread and thought that he meant “Old Blue Eyes”.
Let the Sinatra tunes roll!
“Anybody else have a memory trigger from a blogger who liked to say “carry on” and call people “sport”?”
Yep, just can’t remember who
July 29th, 20115:24 pm
out of the blue
July 29th, 20115:26 pm
Nice Normal…I didn’t realize someone on this blog might actually have heard of “The band”!
I started this afternoon with “the Canned Heat” at woodstock, so let’s journey on down to Essen, Germany for a take of the Late great Buddy Holly’s ………
July 29th, 20115:28 pm
This blog is getting sadder by the day in Jays absence. It has devolved into a bunch of old government dependent liberals sitting around spewing liberal bile to each other in their un-ending search for validation. Why don’t you all try to find out where USinUk really lives? The depth of that persons dillusion is truly scary.
Doom – doesn’t seem like you’re getting much love these days –
July 29th, 20115:29 pm
Mick: thanks for posting that “Band” song. Hadn’t heard that in a while.
I guess the theme tonight is what caught our fancy over the last week…this one came up on my pandora and stuck in my head…
July 29th, 20115:30 pm
Ooops! That was Normal who posted the Band song.
Is it 2012 yet?
July 29th, 20115:31 pm
Ah Canned Heat…going up country…….got it on vinyl……….one of the first VN conflict protest songs
but still a good one
July 29th, 20115:34 pm
sooth – I was wondering about that-
The Band? Of course…
and I bet y’all thought it was going to be
I prefer to call buttholes Dick Tracey rather that sport….
July 29th, 2011
Back to one of my eternal questions:
If cutting taxes increases revenue, will a .000000001 percent tax increase revenues more than they are now?
How low can you cut and still increase revenue?
How close to zero tax rate can you get and still increase revenue?
There is of course an equilibrium point at which both capital gains taxes and marginal tax rates need to be in order to maximize revenue to the govt coffers without sacrificing economic growth. That point of course is lower than what liberals think it should be and higher than what conservatives think it should be. No surprise there. For the sake of brevity I will cover capital gains taxes only.
Currently the cap. gains tax rate is 15%. Judging from the IRS tables and the other govt economic data the optimal point that the cap.gains tax should be at is 18-19%. In my opinion as a con we should raise the rate at least 3-4% to bring in more revenue and it won’t hurt investor psychology or economic behavior. How did I arrive at this number? Anyone can go back and look at govt and IRS tables going back to the 1920s when we started keeping records of this and see that tax receipts to the treasury from cap. gains taxes were highest as a % of GDP when they were in the 18-19% range. You can also see that in years when we went into the higher range of 25-30% cap gains rate that tax revenue collected as a % of GDP dropped and dropped significantly the higher it went. Investors simply avoided taking profits due to tax consequences or they simply shifted their monies to tax free investments like municipal bonds. The after tax return on taxable investments given the commensurate risk taken simply isn’t feasible for investors and particularly the wealthy when you top 30% on capital gains taxes.
I haven’t looked at the data on marginal income tax rates in awhile and frankly I cannot remember what the sweet spot was as far as an ideal top rate- I’m guessing its in the 30%-40% range but that research is for another day.
Take from it what you will but I think we could all have a more meaningful debate if we actually just looked at historical data as a gauge to figure out what the ideal rates are that maximize revenue and put aside the class warfare rhetoric. The .0000001 was good for a laugh but the extremist views on both sides on what is the real appropriate tax level that truly maximizes revenue seems to keep being lost on everyone.
“bunch of old government dependent liberals ”
Queue the amusement again!
July 29th, 20115:35 pm
Normal: I swear I always John Fogerty was the guy with the beard. What a voice! Like ripping a pair of jeans bare-handed!
July 29th, 20115:39 pm
Hey josef – here’s one you turned me onto quite awhile ago and due for a repost-
Let’s race to page 100………………
July 29th, 20115:40 pm
“I’m guessing its in the 30%-40% range but that research is for another day. ”
Which is much higher than the “but we can’t afford to have the rich pay more” bumper sticker crowd here generally advocates (not class warfare, but I’m sure you’ve gathered by now they are NOT speaking of their own situation).
So get ready to defend that position – and get silence in return when you ask “so…. how low should it go?”
July 29th, 20115:45 pm
Bunch of fuddy duddies………….
Love that Richard Manuel Solo with Robbie Robertson, Rick Danko and Levon Helm on harmony. I played that song on my cassette tape so many times the FeO completely wore off!
July 29th, 20115:46 pm
The most negative cool song I’ve ever heard-
July 29th, 20115:47 pm
md: Bunch of fuddy duddies………….
Well, ya gotta post something in reference to music.
July 29th, 20115:48 pm
OK then….a little Floyd in honor of the debt debate……….
Us……and Them…….so appropriate.
Me, I’m at a computer with limited networking, so I can’t post the music itself, just references to it.
(insert reference to music link here)
July 29th, 20115:49 pm
Yeah! And if we’re going Stax revisited…here’s one that just about says it all…not exactly as “clean” as the radio version, but the way I remember it live…
Plus, if you make each sentence a whole new post, then the post rate increases even more.
(insert reference to “The Lazy Song” here – because it’s the lazy person’s way to increase post rates)
July 29th, 20115:50 pm
If you out there listening this song’s for you!
Are we at 100 yet?
(insert reference to “99 bottles of beer on the wall” here)
July 29th, 20115:52 pm
“Forward he cried from the rear and the front man died”…………..
“Haven’t you heard it’s a battle of words”…………
Sounds like the misfits handling of our dilemma.
It’s all about choices, we’ll get there-
July 29th, 20115:56 pm
A man after my own heart…………
July 29th, 20115:57 pm
Alas, weary travelers, I must bid you all adieu.
If I only knew how to spell “adeiu”
I wouldn’t get sneers from all of you.
So, Adyew, adjue, addeeyou!
(insert link to Gloria Estefan’s song saying Goodbye in multiple ways)
I think Kyle had a blog on how much is enough and I tuned in. Getting a real number from the liberals was like pulling teeth. They just obfuscated and would not say a real number- instead putting it off on the evil ole corporations who pay the 2nd highest rate in the world. Is it any wonder they are sending jobs overseas? But then I guess its hard to actually put it down in writing how much money you want to take from others for the goodies that we vote for ourselves. The top 1% pay roughly 38% of the total tax burden. Is that fair? And if not how much is fair? It would be nice to see every liberal on here actually put that down in writing so we can see where they stand. I suspect it won’t happen for obvious reasons.
And incidentally Paul if you look at economic history this country didn’t have a permanent income tax until 1913. Yet in the scant time period of 140 years from 1776 until that time and shortly thereafter this brand new country became either the world’s pre-eminent power or certainly one of the strongest 5 nations in the world. And that was even after enduring a devastating civil war and 10 years of reconstruction. Ever wonder why? Because the tax burden was negligible and precisely because there was no federal income tax. But then of course that was before we became a welfare and nanny state that many on here curiously advocate for.
Ever wonder why the most successful new economies in the world- specifically the Asian tiger economies and Singapore and Hong Kong in particular, have been so successful? Because they have the least amount of govt interference in the way of regulation and tax burdens. This isn’t really difficult to find out. The economic data is there. The wherewithall to read and learn on the part of the leftists on here is not.
July 29th, 20115:58 pm
5 more and I can go home…………
July 29th, 20116:00 pm
Thanks for the video. You seem in a good mood now that Dave R. isn’t here to bust you up all day. Good for you.
July 29th, 20116:01 pm
July 29th, 20116:02 pm
July 29th, 2011
“bunch of old government dependent liberals ”- doggone
Aint nothin wrong with knowin your place in the world doggone.
July 29th, 20116:03 pm
He cried again.
The gop bow down to a few radical extremists and too weak to govern.
July 29th, 20116:04 pm
“Aint nothin wrong with knowin your place in the world doggone”
Quit right. I know EXACTLY where my “place” is – and “government dependent” ain’t it. But it’s ALWAYS amusing when one of the conned thinks they’re insulting by saying that. Hence, “queue the amusement”
July 29th, 20116:06 pm
I know EXACTLY where my “place” is – and “government dependent” ain’t it.- doggone
July 29th, 20116:07 pm
Go away doom.
July 29th, 20116:08 pm
Please tell me you aren’t implying I’m a liar. If you are, then I’d be MOST amused to see your perception of “truth” in the matter.
July 29th, 20116:09 pm
I’m gonna look up that Sowell information. I’m genuinely interested in what time periods he’s referring to as well as his numbers. I have my own opinions about things pre-60’s vs post-60’s when it comes to Blacks and economics, and I probably run counter to what most people think. It wouldn’t be far off of what Sowell’s position is, from what you’re saying.
July 29th, 20116:10 pm
Just a mild mannered singer/songwriter guitarist!!!!!!
**But then of course that was before we became a welfare and nanny state that many on here curiously advocate for**
If you are referring to social security and medicare then you can count me out, those are good programs that help keep our domestic tranquility. If you are pining for the good old days before income tax, a lot has changed since those times. Better technology, much more population, funny how in the fifties during eisenhower and republican majority they weren’t freakin going crazy about taxes and the wealthy still were that. Today’s republican motto seems to be, I got mine, I want to keep it all, go get yours and leave the rich alone with your class warfare. That war has been over for some time – they won and probably always will but so many righties want to gift wrap it even more these days, the balance has been tilted way over to their side..
July 29th, 20116:12 pm
I just agreed with. Isn’t that what uh huh means? I would never be sarcastic in referencing you as I’m certain you would never be a sarcastic smartazz when referencing me.
July 29th, 20116:18 pm
josef: did you mean wochenangstlied?
July 29th, 20116:19 pm
**Thanks for the video. You seem in a good mood now that Dave R. isn’t here to bust you up all day**
In the end, your perception is yours but there definately was no busting up going on. I usually don’t have too much of a problem with dave r but really I just had enough of his arrogance and condescension, it didn’t help any when you chimed in to further inflate his ginormous ego…
July 29th, 20116:20 pm
I responded to your message for a open debate @4:15, hope to continue with you later
July 29th, 20116:21 pm
Its interesting stuff and I think you’ll like it. A wealth of other info from Sowell as well on history, migrations, economics, etc.
July 29th, 20116:22 pm
The doa bill barely passed.
July 29th, 20116:23 pm
Hey, folks, it’s Friday, so….
I promise you, you’ll feel much better…
July 29th, 20116:24 pm
You can keep your welfare state. As for Dave R. I’ve no need to inflate his ego as he and I have disagreed on numerous issues. I just think you should stay away from getting into a debate with the man for your own good. You come at him with rhetoric, he counters with facts, logic, etc. and the bottom line is that he just ends up making you look stupid. And not just once or twice but every time. Just ignore him.
Regurgitated Ayn Rand.
July 29th, 20116:25 pm
Noun. Capitalize it…
July 29th, 20116:26 pm
The poo commentating on a Hoover institution economist. It just doesn’t get any funnier. The poo should stick with debating my box of rocks. At least then he has a chance. Not much of a chance. But a chance nonetheless.
July 29th, 20116:27 pm
Mick, I believe you and me are the only ones who appreciate the music from the fifties….
but, I’m beginning to think only if your name is Bruno, Josef, JamVet, nobody gives a crap what music you post it will never be heard!
” just agreed with. Isn’t that what uh huh means? I would never be sarcastic in referencing you as I’m certain you would never be a sarcastic smartazz when referencing me”
July 29th, 20116:28 pm
I just caught what you were referring to…and, yes, I did mean LEID and not LIED… I thought you meant the upper case W… sorry…
July 29th, 20116:30 pm
I’ve read some of Sowell’s stuff before. I’ve just never came across any info in that area.
I pay attention to it all…becuase on Friday…
July 29th, 20116:31 pm
What was that? Just heard on the news revised economic growth estimate of .4 %? Hope and change. How’s that change workin out for ya? .4% That’s how.
But at least the community organizer a has a plan with specifics regarding the debt? Right? No? He don’t? Well otay.
Well at least his cohorts in the Dem controlled Senate have a plan for the defiict? Right? What? They haven’t passed a budget this year, last year, or the year before? Surely you jest?
Hope and change folks! Yes! We can! Gotta just love that bumper sticker mentality of theirs.
July 29th, 20116:32 pm
The poo commentating on a Hoover institution phlogiston economist.
July 29th, 20116:33 pm
Go to Sowells various articles and look for articles on the minumum wage. Also go to jewishworldreview and they have a link to his articles.
Back later with more…peace y’all
July 29th, 20116:34 pm
The poo with his corrections. Right on cue. Ya gotta love the poo. Soooooooo predictable.
Read something credible.
sowell is not.
July 29th, 20116:35 pm
Nice come back Josef .. Here’s one just for you..!!!!
Now you’re catching on.
July 29th, 20116:36 pm
out of the blue
July 29th, 20116:38 pm
I’m out. Yall have fun now. Ya hear. Even if all ya got is a gerbil to entertain ya.
July 29th, 20116:40 pm
Great video with that!
“Also go to jewishworldreview ”
I did, and they sent me here…
July 29th, 20116:41 pm
The Big Five oil companies this week announced they had made a whopping $36 billion in profits in the second quarter of 2011.
Darn that Obama and the Democrats. I’ll bet they earned so little as a result of tough regulations and outrageous tax rates.
July 29th, 20116:42 pm
We had a gerbil. What to do without Thulsa. We’re doomed. Doomed! DOOMED!
July 29th, 20116:44 pm
Kamchack…Talk about memories…The Fleetwoods were from Olympia, Wa. and I was at a party where they showed up. No singing just a lot of drinkin’ a great evening had by all…
July 29th, 20116:53 pm
Greeat tune…how well I remember my older siblings listening to that on 45
and this one, an “oldie” by the time of my late ’50s music appreciation cradle…
July 29th, 20116:57 pm
I prefer a version by The Roches on a charming and underrated film, Crossing Delancey
July 29th, 20117:03 pm
Get ready for higher interest rates and more debt than your pockets can hold. Seems the GOP passed their debt limit bill, and as expected, they didn’t listen to the ratings companies. Even though their ratings are worthless to some, all they have to do is lower the boom next week since they’ve warned that a short term deal would not be enough. Add the fact that less than $1T is what the cut consists of, and they’ve just effectively handed us all revenue decreases once those interest rates start going up. I hope y’all buried some coins in the yard somewhere….
Dave R. - Nos. 3000 & 4000
July 29th, 20117:06 pm
I am so going for # 5000 . .
Just sayin’ !
July 29th, 20117:07 pm
Must keep trying . . .
Almost there . . . .
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