Curt Doolittle

Theme: Crisis

  • “Complete amnesty. Open borders. $50 minimum wage. Universal Basic Income. Free

    —“Complete amnesty. Open borders. $50 minimum wage. Universal Basic Income. Free healthcare for all. Hate speech laws. 90% tax rates. Let’s do this!”—John Derbyshire

    There are 323 Million People

    Less than 150M are Taxpayers.

    Total Economy is 18.5 Trillion

    Total Tax Collection is 6.5 Trillion (35% of the total economy)

    Total Tax Collection per Individual is $20,000 per person

    Federal Tax Collection is 3.4 Trillion (the rest is state and local)

    Total Federal Tax Collection per individual is ~$10,000.

    About 45% pay no (income) taxes in any given year.

    50% of all income taxpayers (~70-75M) paid 98% of taxes.

    Meaning that they paid an average of $45,000 per person(but highly skewed to the top).

    The top 1 percent (1.3 million filers) paid a greater share of income taxes (37.8 percent) than the bottom 90 percent (124.5 million filers) combined (30.2 percent).

    The top 1 percent of taxpayers paid a higher effective income tax rate than any other group, at 27.1 percent, which is over 8 times higher than taxpayers in the bottom 50 percent (3.3 percent).

    You know, when the total discretionary tax revenue per person is $3,000 and even under the most aggressive taxation possible, might be $4000, and vast numbers of men are already permanently exiting the labor pool, leaving the lowest labor participation rate in history, I am trying to figure out how the math works. Or rather. I know full well how the math works: it doesn’t.

    So if there is any possible way to provide ‘welfare’ (minimum income or whatever) to some part of the population, I don’t know how that’s going to happen.

    The postwar period is over and western institutional, intellectual, and technological advances over the rest of the world have been neutralized, and western labor’s advantage has been neutralized by globalism.

    Where the hell is this money going to come from? We will all be as poor as europeans for having imported the underclasses of the third world.

    ALTERNATE SOLUTION

    My solution is much different: and involves eliminating all consumer interest through direct zero interest consumption loans from the central treasury, and direct redistribution of liquidity to consumers in order to manage the money supply (commercial interest rates).

    This makes everyone a shareholder in the USA with liquidity and dividends paid directly to the consumer.

    In other words, this puts the consumer (citizenry) in competition with the state for profits (taxes), suppresses tolerance for immigration, and produces just about every other good incentive that we can manage.

    Source date (UTC): 2017-09-15 08:28:00 UTC

  • “Complete amnesty. Open borders. $50 minimum wage. Universal Basic Income. Free

    —“Complete amnesty. Open borders. $50 minimum wage. Universal Basic Income. Free healthcare for all. Hate speech laws. 90% tax rates. Let’s do this!”—John Derbyshire There are 323 Million People Less than 150M are Taxpayers. Total Economy is 18.5 Trillion Total Tax Collection is 6.5 Trillion (35% of the total economy) Total Tax Collection per Individual is $20,000 per person Federal Tax Collection is 3.4 Trillion (the rest is state and local) Total Federal Tax Collection per individual is ~$10,000. About 45% pay no (income) taxes in any given year. 50% of all income taxpayers (~70-75M) paid 98% of taxes. Meaning that they paid an average of $45,000 per person(but highly skewed to the top). The top 1 percent (1.3 million filers) paid a greater share of income taxes (37.8 percent) than the bottom 90 percent (124.5 million filers) combined (30.2 percent). The top 1 percent of taxpayers paid a higher effective income tax rate than any other group, at 27.1 percent, which is over 8 times higher than taxpayers in the bottom 50 percent (3.3 percent). You know, when the total discretionary tax revenue per person is $3,000 and even under the most aggressive taxation possible, might be $4000, and vast numbers of men are already permanently exiting the labor pool, leaving the lowest labor participation rate in history, I am trying to figure out how the math works. Or rather. I know full well how the math works: it doesn’t. So if there is any possible way to provide ‘welfare’ (minimum income or whatever) to some part of the population, I don’t know how that’s going to happen. The postwar period is over and western institutional, intellectual, and technological advances over the rest of the world have been neutralized, and western labor’s advantage has been neutralized by globalism. Where the hell is this money going to come from? We will all be as poor as europeans for having imported the underclasses of the third world. ALTERNATE SOLUTION My solution is much different: and involves eliminating all consumer interest through direct zero interest consumption loans from the central treasury, and direct redistribution of liquidity to consumers in order to manage the money supply (commercial interest rates). This makes everyone a shareholder in the USA with liquidity and dividends paid directly to the consumer. In other words, this puts the consumer (citizenry) in competition with the state for profits (taxes), suppresses tolerance for immigration, and produces just about every other good incentive that we can manage.

  • “Complete amnesty. Open borders. $50 minimum wage. Universal Basic Income. Free

    —“Complete amnesty. Open borders. $50 minimum wage. Universal Basic Income. Free healthcare for all. Hate speech laws. 90% tax rates. Let’s do this!”—John Derbyshire There are 323 Million People Less than 150M are Taxpayers. Total Economy is 18.5 Trillion Total Tax Collection is 6.5 Trillion (35% of the total economy) Total Tax Collection per Individual is $20,000 per person Federal Tax Collection is 3.4 Trillion (the rest is state and local) Total Federal Tax Collection per individual is ~$10,000. About 45% pay no (income) taxes in any given year. 50% of all income taxpayers (~70-75M) paid 98% of taxes. Meaning that they paid an average of $45,000 per person(but highly skewed to the top). The top 1 percent (1.3 million filers) paid a greater share of income taxes (37.8 percent) than the bottom 90 percent (124.5 million filers) combined (30.2 percent). The top 1 percent of taxpayers paid a higher effective income tax rate than any other group, at 27.1 percent, which is over 8 times higher than taxpayers in the bottom 50 percent (3.3 percent). You know, when the total discretionary tax revenue per person is $3,000 and even under the most aggressive taxation possible, might be $4000, and vast numbers of men are already permanently exiting the labor pool, leaving the lowest labor participation rate in history, I am trying to figure out how the math works. Or rather. I know full well how the math works: it doesn’t. So if there is any possible way to provide ‘welfare’ (minimum income or whatever) to some part of the population, I don’t know how that’s going to happen. The postwar period is over and western institutional, intellectual, and technological advances over the rest of the world have been neutralized, and western labor’s advantage has been neutralized by globalism. Where the hell is this money going to come from? We will all be as poor as europeans for having imported the underclasses of the third world. ALTERNATE SOLUTION My solution is much different: and involves eliminating all consumer interest through direct zero interest consumption loans from the central treasury, and direct redistribution of liquidity to consumers in order to manage the money supply (commercial interest rates). This makes everyone a shareholder in the USA with liquidity and dividends paid directly to the consumer. In other words, this puts the consumer (citizenry) in competition with the state for profits (taxes), suppresses tolerance for immigration, and produces just about every other good incentive that we can manage.

  • America is now a cult with an army not a country

    America is now a cult with an army not a country.

    Source date (UTC): 2017-09-14 18:33:00 UTC

  • America is now a cult with an army not a country

    America is now a cult with an army not a country.

  • America is now a cult with an army not a country

    America is now a cult with an army not a country.

  • “There will be no “reset” after post-80s busts, as the booms were all financiall

    —“There will be no “reset” after post-80s busts, as the booms were all financially engineered by banks: they amounted to net transfers of wealth to financial institutions and the underlying rich. The development of the mass internet is an exception: but ultimately — in the complete vacuum of national policy dealing with its externalities — it’s a mass net destroyer of social productivity and cohesion, and a mere reorganizer of social utility with objectively dangerous characteristics.”– Joel Katz

    Source date (UTC): 2017-09-12 15:29:00 UTC

  • “There will be no “reset” after post-80s busts, as the booms were all financiall

    —“There will be no “reset” after post-80s busts, as the booms were all financially engineered by banks: they amounted to net transfers of wealth to financial institutions and the underlying rich. The development of the mass internet is an exception: but ultimately — in the complete vacuum of national policy dealing with its externalities — it’s a mass net destroyer of social productivity and cohesion, and a mere reorganizer of social utility with objectively dangerous characteristics.”– Joel Katz

  • “There will be no “reset” after post-80s busts, as the booms were all financiall

    —“There will be no “reset” after post-80s busts, as the booms were all financially engineered by banks: they amounted to net transfers of wealth to financial institutions and the underlying rich. The development of the mass internet is an exception: but ultimately — in the complete vacuum of national policy dealing with its externalities — it’s a mass net destroyer of social productivity and cohesion, and a mere reorganizer of social utility with objectively dangerous characteristics.”– Joel Katz

  • This annoys the hell out of me. What they mean is, that the windfall to the worl

    This annoys the hell out of me. What they mean is, that the windfall to the world of the end of communism; the windfall to the world of automating clerical work by computers; the windfall to the world by the development of the internet; gave us insane rewards from the late 80’s to the 2001 Crash which reset to normal. But that they dumped money into the economy creating the overexpansion of the housing market, which then led to that correction (crash). Meaning that we are back to the trend of the 1980’s.

    I don’t know how smart you have to be to grok that american’s have been the beneficiaries of numerous windfalls that the rest of the world has not: the conquest of a new continent; the Louisiana Purchase and the western Expansion; the immigration of hordes of the underclasses into those territories; the introduction of fiat currency to finance those immigrants; the crash that followed; the world wars that followed leaving the USA as inheritor of the British Empire; Leaving the US worker the only industrial labor left with production capital intact. This ‘jolly’ led to the social activism of the 1960’s which sought to imitate the soviet union and destroyed most of industrial america. The consequential export of work to other countries free of non-market labor; the use of petrodollars under nixon to defeat the Soviets and the Chinese and World communism, and expanded moreso by Regan to complete that defeat. The use of that military technology to produce computer revolution; and the creation of vast changes in our economy due to technology. At present we are going through another vast change due to amazon, google, and facebook altering the commercial sector dramatically – and the world is catching up eliminating our military advantage, our petro-dollar, our technological advantages. The only advantage we had left was demographic and normative – and the left is destroying that too.

    So when someone says, that we have lost income growth it’s empirically true but logically false. Why? Because we had windfalls from heaven one after another. And the world is returning to the status quo. Except there are 10x as many of us.

    —“The slow early-2000s recovery and expansion, combined with the damage done by the Great Recession, has led to nearly two decades of lost income growth for typical American households,” says economist Elise Gould of the left-leaning Economic Policy Institute.”—

    Source date (UTC): 2017-09-12 12:19:00 UTC