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Open thread Sept. 24, 2016

Dan Crawford | September 24, 2016 9:50 am

Tags: open thread Comments (3) | Digg Facebook Twitter |
3 Comments
  • Denis Drew says:
    September 25, 2016 at 10:55 am

    http://www.forbes.com/sites/modeledbehavior/2016/09/24/i-would-eat-the-poisoned-skittles/#5314ee8c5b0f

    Adam Ozimek:
    ” The CDC estimates that 589,310 people are sickened from seafood every year due to bacterial, chemical, parasitic, and viral agents. That means each meal has a 0.0035% chance of becoming sick. […] According to the Cato Institute, of the 859,629 refugees who have come to the U.S. since 2001, only three have been convicted for planning a terrorist attack, and none of those attacks was in the U.S. Let’s say that the marginal refugee is 10x riskier than the average refugee, because they are coming from Syria or something. How do the odds stack up? That’s a 0.0035% chance that they are a terrorist … “

  • Denis Drew says:
    September 25, 2016 at 11:25 am

    http://www.motherjones.com/kevin-drum/2016/09/despite-donald-trumps-massive-tax-bribes-top-ceos-still-cant-stand-guy

    ” The Wall Street Journal has checked out every Fortune 100 CEO in the country, and not a single one supports Donald Trump: “

  • Denis Drew says:
    September 25, 2016 at 12:33 pm

    To me labor Nirvana would be getting most low skilled jobs into the area of $800/wk — $600/wk minimum (maybe for high labor cost businesses like fast food; maybe). My guess is that would take something like 12 1/2% shift in income from the top 55% who now take 90% of income (or from the top 54% who now take 70%) to the bottom 45% ($15/hr being today’s 45 percentile wage).

    Four labor union empowered 10% bonuses to get the 12 1/2% back for the 55% — and everybody else:

    10% saved on market rip-offs like medical (drug and device monopolies), education (for profit colleges), real estate skyrocketing (self-destructive zoning, no realistic rent control like Germany’s, et al.) — others can produce a much more comprehensive list than I can.
    10% of overall income gouged back from the 1% who now take 20% (historically it was only 10%, which was thought to make very rich) via confiscatory taxation — think Eisenhower level.
    10% more productive economy by cutting today’s finance share of the economy from a bloated 20% (where too many of our best young minds go to gamble) back to a genuinely useful 10%.
    Another 10% potential savings in a pervasively union managed and monitored economy: Sick: The biggest increase in healthcare costs in 32 years
    http://www.latimes.com/business/lazarus/la-fi-lazarus-rising-healthcare-costs-20160920-snap-story.html
    ” … $3 trillion annually on healthcare. That represents about 17% of total economic activity. The average for all nations within the Organization for Economic Cooperation and Development is 9%. […] Family premiums have increased 20% over the last five years, which is a lot but a darn sight better than the 31% hike over the previous five years, and a huge improvement over the staggering 63% growth in the five years before that.”

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