There are a number of well thought out plans to handle the problems proposed by opponents of Social Security and also those concerned about its sustainability. To have our political and media debate confined to one item like chained-cpi should make any reasonable voter pause and wonder “Is that all? How dumb can we be?” […]

‘Horror scene’ as 4 Lakewood police officers shot, killed LAKEWOOD, Wash. – Four uniformed police officers were shot and killed in a bloody Sunday morning attack at a Lakewood-area coffee shop, and investigators are seeking a person of interest in the killings, officials said.Pierce County Sheriff’s Office spokesman Ed Troyer said the person they are […]

There is no crisis with Social Security. Social Security is not going broke. Social Security adds NOTHING to the deficit. Social Security is not welfare. Update: Pelosi says she can live with it There are many options to address issues for the program, which are not offered as part of Pres. Obama’s  insistence on keeping […]

Since last Friday, our minds have been focused on children.  Those who lost their lives in the Newtown, Conn. tragedy on Friday.  Those at that school who survived.  Those at schools around the country, who now seem much more vulnerable to, of all things, an assault-rifle hit, even though they don’t live in a war […]

Mish Shedlock points to this video of an automated Greek slaughter house, and opines: Automation Rules What can be automated, will. The number of things that can be automated increases every month

I rarely watch TV news shows anymore, much less cable political talk shows.  (Okay, I rarely watch TV at all anymore.)  But I happened to watch Chris Matthews’ Hardball tonight on MSNBC.  The topic was, of course, gun control. (Actually, the lack thereof, and whether is any real chance that that might change now.)  And […]

by Linda Beale Goggle’s Bermuda hideaway/HSBC’s too-big status: time to rein in the corporations! If you are a company that depends on IP for a lot of your revenue, you may be able to avoid considerable taxes by funneling profits from subsidiaries in high-tax countries into a Bermuda shell company.  Google avoided about $2 billion […]

by Mike Kimel Whether you favor more gun control or less, via the less famous Roger Ailes, a story in Australian SkyNews on one of the very few things that can change the entire dynamic of the debate: Media mogul Rupert Murdoch has called on United Stateslawmakers to ban automatic weapons following the Connecticut schoolmassacre, alluding to […]

Update: There is a revised and corrected version of the model and spreadsheet here, with discussion. In a recent post I built a model with one rich person and ten poorer people to ask: does redistribution from rich to poor make us all more wealthy? The conclusion was Yes. Jump back there to see a quick rundown […]