Theme: Productivity

  • **NYT: A RESPONSE TO “A COUNTRYWIDE TALENT EXODUS?”** April 28th, 2009 There is

    **NYT: A RESPONSE TO “A COUNTRYWIDE TALENT EXODUS?”**

    April 28th, 2009

    There is a quite a bit of activity these days around the idea of talent flight due to increased taxes. Not necessarily by choice, but no less than Andrew Lloyd Weber is among the critics. He’s hardly a right wing sympathizer, but he’s given the issue some momentum. Participating in the debate, the NY Times site posted an article, “A Countrywide Talent Exodus?” and it’s attracted a few postings both inside and outside the US, some from the UK. My response, reproduced below, was to a series of UK entries, one suggesting that tax sheltering is a question of political will rather than pragmatic incentives. Another suggested the UK was in better shape in the past. I felt compelled to respond with my usual theme. Again, I’m finding it far more interesting to read the comments than the postings these days. Bloggers are like any public set of intellectuals. They get their position by taking risks, then once they have some notoriety they stop taking them.

    When the vast majority of taxes are paid by a small number of people, the people no longer are citizens, they are dependents. New York City is supported by perhaps as few as 50,000 or 55,000 families. If just 1/10th of those people flee, the city will be permanently and irrevocably bankrupt.

    As a person with significant knowledge of sheltering methods, their multitude, and ease of implementation, my opinion is that the concept that sheltering is a “political” issue is a mistake. It is profoundly easy to shelter money in this world once you have even a little of it, no matter what country you’re in. It is harder in the more developed countries only because there is more money to be made by keeping it in legitimate circulation. The issue is simply whether it’s worth one’s time and effort to shelter it or not. Al increasing taxes beyond the point of willing payment does is make it worth the time and effort for those with wealth to shelter it. Sheltering is nothing more than a black market. Black markets always develop due to over-regulation and over-taxation. And there is no evidence in history that they can be stopped, except by understanding that such over-regulation and over-taxation is simply the cause of the problem.

    As for the results of government in the UK, I don’t understand some of the statements above. You can use government to bend the laws of nature for a short time, but they will always be restored to norms. World competition guarantees that fact. The UK was rapidly becoming one of the poorer countries in Europe, and that trend was reversed in the Eighties. I remember the change. I remember when travel to the midlands and the north felt like a trip back in time to the Second World. That has all changed in my lifetime.

    Do not mistake the problem of a state fooling itself because of some math by overconfident economists, justification by incompetent philosophers, the greed of political opportunists, and the consequential use of centralized banking, cheap credit money, and impossible financial instruments as a reason to regulate human commerce. Instead, simply require that bankers hold 20% of any originated loan, and stop offering general credit (credit for unspecified uses) and instead offer targeted credit (for home buying or capital investment) in order to keep people from using it for consumption. Consumption helps laborers in China. It does not help UK citizens. This one “regulation,” which is simply an obvious bit of logic, will stop most financial misuse. It will also have the side effect of disallowing the state from pushing money into an economy, because the bankers will simply not lend if they cannot dispose of the loan without risk.

    And, by the way, kill your immigration laws. There is no reason for sanctuary any longer. And, consequentially, there is no need to subsidize London’s business community with cheap labor at the expense of the rest of the country. The problem is just as bad in the US, it’s just less localized, and we have a bigger economy.


    Source date (UTC): 2019-08-16 09:24:00 UTC

  • **CONSERVATISM IS NOT A LONGING FOR THE PAST – IT’S A CAPITALIZATION STRATEGY.**

    **CONSERVATISM IS NOT A LONGING FOR THE PAST – IT’S A CAPITALIZATION STRATEGY.**

    April 19th, 2010

    Being a conservative simply means taking a gradual approach to social change and particularly with respect to the financial, family and military traditions that affect status and political power, which they are skeptical of. Conservatism means being skeptical that our visions of the future will come true, and looking at the world as what people ACTUALLY DO not what we WISH they would do. In that sense, conservatism is historically scientific even if linguistically archaic. Conversely, while liberalism is linguistically modern, it is utopian, idealistic, contra-observation, contra-history, and therefore anything but scientific. The differences between these two philosophies are vast and numerous, but the one that is most important, is the difference between the reliance abstractions from experience in conservatism, and the reliance on abstracting experiences in liberalism. This may seem a complex idea, but liberals try to extrapolate the daily experience into the extended order of human cooperation. THis is called ‘induction’. Conservatives synthesize the actual experience of aggregate human activity from history. This is called ‘deduction’. Induction is a process that we are not sure, despite the vast effort of philosophers, exists. In other words liberalism if faulty on scientific grounds. It is a religion.

    This language problem has always been an issue for conservatives. Liberal dictums may sound scientifically sound if one induces from experience. Conservative (dictums) are sensible when one deduces from abstractions of history. And everyone must use these shortcuts, because too few of us possess the knowledge to make rational judgements and therefore must rely upon basic principles when making decisions. In fact, rational thought is applied to the vast minority of choices. Most decisions are made by habit. The rest according to shortcuts.

    For the vast majority of people from either conservative or liberal, neither induction or deduction is a rational process of choice, but instead, a process of identifying analogistic sentiments: it’s the act of pattern recognition rather than reason. Pareto called this process of pattern recognition “residues and derivations”, others called them “Metaphysical Judgements” or “Sentiments”. Contemporary thinkers and public intellectuals call them “beliefs” or “biases”, or “science or religion”. And our language incorporates these different sentiments. Our arguments do as well. Our narratives, myths, popular fiction, entertainment, status aspirations do. But so do your political rhetoric, which, because reason would be a technique unavailable to the masses, rely entirely on a complex web of constantly warring sentiments wherein the citizenry seeks confirmation bias, rather than a simple argument consisting of reason, where the citizenry seeks both consensus and falsification of their biases. In other words, where people are skeptical – conservative and rational.

    Utopianism is a technology that people use during periods of prosperity. Because we have been artificially prosperous due to the discovery and exploitation of a continent, we as a nation are notorious for predicting an optimistic future that cannot or has not occurred. The public dialog over the causes of our prosperity is often inaccurate and self-congratualtory rather than factual. We have transformed our culture of evangelical christianity into one of evangelical democratic secular humanism.

    Conservatives are skeptics. They may speak in antiquated language, because antiquity is their source of their language. They may fail to articulate their position effectively in contemporary terms because of that language, but regardless of the source of their language, the content of their language is strategic, intelligible and rational. And it is not just a language, but a methodology that represents their strategy for social order. They ACT conservatively, think conservatively, and treat the world conservatively.

    This conservative strategy and conservative activities are why conservatives are, in general, more prosperous – and frankly, happy. And the sacrifices that they make in order to be prosperous are material to them. They remember them. And therefore they resent those sacrifices being ’spent’ by others who do not make the same sacrifices.

    Monetarists and capitalists are not conservatives. They may hide under conservatism. But they are not conservatives. The conservative class is a military, middle and craftsman class and it always has been and always will be. It is the ‘residue’ of the european fraternal order of soldiers at the bottom, and at the top, it’s a ‘residue’ of the middle class movement that revised and adopted civic republicanism during the enlightenment as a way of transferring power from the kings and church to the middle class. it is an alliance of the military and middle class.

    Liberalism (socialism, communism) is a ‘residue’ of a union of the priestly cast and the peasantry. Academia is simply an outgrowth of the church. The peasantry has always allied with the church, and the church has always had power because of it’s support by the peasantry.

    And that said, we do not have a separation of church and state. Our state religion is now democratic secular humanism. We are now a state-run-religion using the myth of division of church and state to oppress (or reform) religions so that we can have a state sponsored church.

    That’s it. That’s the articulated conservative position.

    The republican party collects conservative coalitions. The republican party is not a conservative party. conservatives join the republicans because they have no choice. They see the party as corrupt.

    People are complex and only join parties because of limited choice mandated by our ‘winner takes all’ form of government, which fosters class warfare.

    In fact, all political decisions exist on a spectrum or bell curve. There are a myriad of political decisions to be made. There are a myriad of people with different abilities to understand each political opinion. Each person is interested in a myriad of decisions. Parties are collections of people with opinions. Very skilled people tend to be highly unsatisfied with party choices. Very unskilled people tend to simply support their party of nearest interest. Parties therefore pick platforms that make enough people happy that they can get into power.

    Arguing that conservatives want to keep things asa they are, is a silly argument. The objection is simply illogical. The question instead, is whether liberals propose a solution that conservatives can live with, and wether conservatives can propose a solution that liberals can live with.

    The difference between social classes are differences in Time Preferences (between “consume” or “capitalize”, or gratification now versus gratification later). Longer (lower) time preferences are only possible if you have the ability to comprehend long term time preferences. This is another reason why social classes are organized by intelligence, and why a market economy tends to organize us into economic classes according to our application of intelligence to the satisfaction of OTHER PEOPLES WANTS, instead of our own. Time preference affects not only a dimension covering an individual’s perception of gratification. It’s a second dimension that describes whether his gratification now or later is served by providing solutions to himself or to others. This is the moral lesson of Adam Smith – that capitalism creates a virtuous cycle.

    If we had listened to the liberals in the last century we would have ended up like either Russia or China. If we had listened to conservatives we would not have had our progressive social changes, but we would not have corrupted our financial system using Kenesnian inflation. It’s the competition of ideas that gives us the choice as a body politic.

    It is the combination of LIBERAL OBJECTIVES and CONSERVATIVE METHODS that provides the means of achieving shared goals.

    Lets say that again. Liberal objectives are moral desires. Conservatives methods are moral means. It requires both these tools to achieve moral ends. The problem is, conservative methods take time because they require the learning and adaptation of people to calculative processes. These processes have nothing to do with religion. Christianity is largely a religion of the poor. Protestantism is perhaps the most important religion for generating wealth in the west as it is a class religion. Secular humanism is a feminine religion just as Aryanism (expansionist civic republican tradition of the initiatic fraternal order of city-defending soldiers) is a masculine religion. We do not need all to believe one thing, share one goal, work according to the same rules. If we did, we’d break the principle of the division of knowledge, labor, time, and intelligence.

    WHat people really want when they seek universal agreement is to concentrate labor, knowledge, time and intelligence on their goals at the expense of other people’s goals. Since people are unequal in their ability, in their class goals, in their cultural goals, in their age and experience, in their knowledge and in their intelligence, then we must divide up our actions into bits and pieces which we cooperate with each other to achieve.

    Democracy as we have implemented it is a winner-take-all political order. It foments class warfare. It does not foment class cooperation.

    We need a government that is a return to the division of labor and division of classes and time preferences.

    Democracy is a failure as we have implemented it. Because we confuse the value of the transformation of power inherent in democracy with the universal aspiration of classes, cultures, ages, generations, and abilities.


    Source date (UTC): 2019-08-16 09:23:00 UTC

  • **A FALSE DICHOTOMY OF WEALTH FLIGHT: THERE IS A THIRD CHOICE** From April 28th,

    **A FALSE DICHOTOMY OF WEALTH FLIGHT: THERE IS A THIRD CHOICE**

    From April 28th, 2009

    The rhetoric on the flight of the wealthy is pretty thick right now. But I thought that I would correct the false dichotomy of submission to taxes or flight from taxes.

    When the minority of people pay all the taxes, they form a bloc of similar interests. If those interests are similar enough, those interests become their primary interest. And it becomes more attractive for the wealthy to pay a minority of the people to side with them in producing social change, even revolutionary social change.

    Revolutions are not created by the high crimes of a few. They are created by the accumulation of rudeness, administrative burden, legal propagation, and petty abuses of power by the bureaucrats who annoy the citizenry to the point of intolerance. I am not afraid of a proletariat revolution, despite my belief that we will see riots at some time in the near future. I am not afraid of a revolution by the wealthy. I am afraid of a minority proletariat revolution funded by the wealthy. And I am rapidly approaching the point at which I am both an advocate and willing to fund it. The state is attempting to pit us against each other when, in fact, it is the people who should simply be done with the abuses of the state. Fixing the centralization of wealth is not a problem. Providing social services is not a problem. Stopping the state from pitting us against each other is the issue we must face. I don’t know any wealthy person who objects to the payment of taxes. We object to the use of the tax revenue to pit different social classes against each other, rather than to help us work together toward shared goals and objectives. In this conflict, the state is actually the problem.

    We must understand that there is a difference between personal wealth and political wealth. Personal wealth means that one has made enough money that he can lend it to the following generation, who will then allow him leisure in exchange for the use of his money now, so that they can live a better life more immediately, and higher cost over time. Political wealth is the possession of money at such volume that it is possible to put it to political use, and therefore subvert the market process that requires that we serve our fellow man’s needs in order to gain reward. Typically, and this is just an oversimplified way of looking at it, personal wealth requires between 10 and 50, but no more than 100 times the median annual income. Political wealth requires at least 100, but more effectively around 1000 times the median annual income.

    If we simply used a tax that was HIGHLY progressive and on the balance sheet, rather than on annual income, so that the middle class of merchants and small business people could accumulate wealth and gain financial independence in exchange for their extreme personal financial risk, and where the tax rate started where the net worth was 10 times the median income, then increased rapidly at 100 times median income, there would be no use for the Republican Party. The party exists entirely on that one pillar. Without that divide we could form a middle ground, work toward common goals, and marginalize both the left and right extremes.

    If we required bankers to hold 20% of all originated loans, and required that they be permanently tied to the lending “individual,” we would fix the corrupting behavior of lending that built up since deregulation. If we further stopped providing general liquidity and instead offered only targeted liquidity from the Fed, then we would put more of a halt on bubbles.

    If we kept the interest on state credit money with the state, then we would both have a replacement source of revenue and would force the state to think in terms of advancing national competition rather than giving away our competitiveness. We would also be able to see who performed what good for the country and who did what harm.

    The choice for the wealthy is not just between submission to taxes and flight. It’s between submission to taxes, flight, and revolution.

    I’m one of the people who is rapidly beginning to call for “the Third Choice.” Because if we took the money wasted on government in this country and used it for medical and infrastructure improvements, as well as basic research, we would rapidly regain our competitive position in this world and, in doing so, drastically change the position of our working class.

    I am an unrelenting advocate of noblesse oblige: If we are lucky enough to become wealthy, then we must use our wealth to the betterment of our fellow men. But only we can know what that betterment is, because only we have demonstrated by our accumulation of wealth that we know how best to serve our fellow man. Servitude to a state that pits its citizens against each other, exports jobs, makes our state uncompetitive by policy and taxation, and under-educates our people is not service to our fellow man. It is, instead, a crime against them.

    I’m not there yet. But I’m getting close to thinking we need to pull out some rope and learn how to tie knots.


    Source date (UTC): 2019-08-16 09:17:00 UTC

  • **IEA BLOG: UK LIB DEM’S AND ‘TEN YEARS OF SUBSTANTIAL UNEMPLOYMENT’** April 20t

    **IEA BLOG: UK LIB DEM’S AND ‘TEN YEARS OF SUBSTANTIAL UNEMPLOYMENT’**

    April 20th, 2010

    I love reading the UK press, because by and large, the quality of discourse is far beyond that of what occurs in the US. I posted on the IEA Blog, this response to the statement that, coarsely written and paraphrased here as ” Yes the Lib Dem’s may achieve power, but anything is better than ten years of substantial unemployment.” I’m a little cautious about sounding like a critic when I actually think that the IEA produces great thought. But it is far less work to criticize a good idea, than it is to refute an ocean of fantasy and ignorance. Hence I apologize if I come off a critic rather than an advocate.

    Unemployment results from the government’s confusion between consumption and production in that they assume that consumption is equal to production. Their policy of general liquidity that diverted capital from production to consumption and created both recursive asset inflation, and a reduction in competitiveness. This is the broken joint in Keynesian logic. It assumes that increasing liquidity can be put to increases in production. Production means that an activity increases output while decreasing man hours, and costs. The problem for any state is to put captial, not behind consumption, but behind increases in production that cannot be achieved by the private sector.

    … This concentration of capital will create new jobs, and ongoing competitiveness, from which redistributive capital can be siphoned. Private sector production increases will lead to some unemployment. Uncontrolled breeding and immigration will lead to unemployment, and particularly disadvantage second quintile workers. (A step above the bottom). So the state can divert this process by participating in funding international (export) competitiveness. The state must adopt a policy of investment, not liquidity or redistribution. Because only investment allows redistribution.

    (And the government, which consumes such a vast amount of GDP is simply a redistributive system.)

    A free market is a bounded market, because there are LIMITS to private investment. Since all borrowing is, under fiat money, borrowing from the middle and lower classes, and they (as we have just demonstrated) carry the risk of borrowing, then the reward for that investment should be returned to them. As such the state should borrow to create productivity increases (power, transportation, technical innovation, resource exploitation, and education) and return a portion of the profits to the citizenry as redistribution. Laissez faire both puts the citizenry at risk without reward, concntrates capital in the hands of a state sponsored class, and deprives the citizenry of opportunities.

    That is how to prevent ‘ten years of very substantial unemployment’. The party that accomplishes it is meaningless. THe party that ignores it is meaningless.


    Source date (UTC): 2019-08-16 09:00:00 UTC

  • @bullybe Take me a while to explain this but we are pretty much autarkic now, an

    @bullybe

    Take me a while to explain this but we are pretty much autarkic now, and with the current trends in overpopulation we have the greatest resource in the world – the mississipi river valley. So if we shut the borders, expel the invaders, we are set until the population decline in the slum-world evaporates.


    Source date (UTC): 2019-08-16 02:42:44 UTC

    Original post: https://gab.com/curtd/posts/102624353576304884

  • farmer leads to stagnation. that’ is the lesson of chinese history. Without pres

    farmer leads to stagnation. that’ is the lesson of chinese history. Without pressure from within (warring states) the west (the wall), and south, (colonization of the southern peoples), china would still be a backwarter.
    Why? Genetics: Chinese High Neoteny, Low T, Low Verbal.


    Source date (UTC): 2019-08-14 15:02:37 UTC

    Original post: https://twitter.com/i/web/status/1161654364215357442

    Reply addressees: @send2james @f6mwcZ9NBI2mlVO @nytimes

    Replying to: https://twitter.com/i/web/status/1161635833369235459


    IN REPLY TO:

    @send2james

    @curtdoolittle @f6mwcZ9NBI2mlVO @nytimes Indo European might have “impregnated” others, themselves were impregnated by Moguls and Turks. Indo European’s conquering mindset came from hunter gene, lead to hatre & war & up&downs. Chinese has farmer gene, believe more in harmony, which will lead to long term prosperity

    Original post: https://twitter.com/i/web/status/1161635833369235459

  • That’s the economics of it. To develop one’s writing skill, as any writer will c

    That’s the economics of it.
    To develop one’s writing skill, as any writer will confirm, largely consists of, writing a lot, every day, until you don’t think at all about anything other than visualizing the result and letting your fingers operate automatically.


    Source date (UTC): 2019-08-14 14:59:36 UTC

    Original post: https://twitter.com/i/web/status/1161653605717413889

    Reply addressees: @david_perell

    Replying to: https://twitter.com/i/web/status/1161653183497850881


    IN REPLY TO:

    Unknown author

    @david_perell Well done. Hmm. Writing well consists of two excellences, and an adequacy:conveying something the reader doesn’t know or hasn’t experienced; doing so within a frame, the burden of which is less than the value anticipated; with sufficient syntactical formality, reducing its cost.

    Original post: https://x.com/i/web/status/1161653183497850881


    IN REPLY TO:

    @curtdoolittle

    @david_perell Well done. Hmm. Writing well consists of two excellences, and an adequacy:conveying something the reader doesn’t know or hasn’t experienced; doing so within a frame, the burden of which is less than the value anticipated; with sufficient syntactical formality, reducing its cost.

    Original post: https://x.com/i/web/status/1161653183497850881

  • RT @david_perell: Wow. In 1941, Detroit had a bigger economy than any foreign co

    RT @david_perell: Wow.

    In 1941, Detroit had a bigger economy than any foreign country except Britain, France, Germany, and possibly the S…


    Source date (UTC): 2019-08-14 14:51:28 UTC

    Original post: https://twitter.com/i/web/status/1161651559626924033

  • Mmm…. This isn’t quite true. Employee contribution follows, like all things, a

    Mmm…. This isn’t quite true. Employee contribution follows, like all things, a power law, with very few making a meaningful difference. It’s not their value you’re recommending they capture, it’s maximizing rents by blackmailing employers into cost of acquisition and training.


    Source date (UTC): 2019-08-14 14:49:34 UTC

    Original post: https://twitter.com/i/web/status/1161651081069420546

    Reply addressees: @david_perell

    Replying to: https://twitter.com/i/web/status/1160647359283564544


    IN REPLY TO:

    @david_perell

    Employees don’t know how valuable they are.

    Recruiting is hard.

    It’s expensive and time consuming.

    When a company finds a good employee, they’ll fight to keep them.

    Ask for the raise.

    Original post: https://twitter.com/i/web/status/1160647359283564544

  • Animals. You have learned nothing. You murder millions of your own people. You f

    Animals. You have learned nothing. You murder millions of your own people. You fail. You import our economics an rise out of poverty. All you have gained from us – and you still learn nothing. Chinese animals. Barbarians.


    Source date (UTC): 2019-08-14 01:47:24 UTC

    Original post: https://twitter.com/i/web/status/1161454239723479041

    Reply addressees: @iericnaki @HillaryClinton

    Replying to: https://twitter.com/i/web/status/1161421892802076673


    IN REPLY TO:

    Original post on X

    Original tweet unavailable — we could not load the text of the post this reply is addressing on X. That usually means the tweet was deleted, the account is protected, or X does not expose it to the account used for archiving. The Original post link below may still open if you view it in X while signed in.

    Original post: https://twitter.com/i/web/status/1161421892802076673