Monday, June 29, 2020

The Protests Are NOT about White on Black Homicides

Black Lives Matter Claims they are "protesting" that black people are being murdered by white people. This is a complete fabrication, and given how easy the data is to locate, it's intentional. If black lives really nattered to them, they would focus on the where the killing actually happens. 

Wednesday, June 24, 2020

Race-Based Admissions Ensure More Mediocre Doctors

Just what the medical profession needs. Race-based admissions to ensure there will be more mediocre doctors in your future. Have poor test scores? You'll be rejected if you're white, but have a better then even chance if you're black.


Saturday, June 20, 2020

The more you have of something, the more you find fault with what you have.

There is an old adage that says that the more you have of something, the more you find fault with what you have.

For example in a society where hunger is a serious problem, people don't ask or care whether then food they have is organic or Non-GMO. If you're complaining about that, you're probably pretty well fed.

In a society where pollution is a real problem, people are focused on making sure basic water supplies are safe. If you're focused on "carbon footprints", your society probably is not producing all that much dangerous pollution.

When blacks were marching for civil rights in the 60s, they weren't spending their time talking about confederate statues or Aunt Jemina syrup. Today they are. That ells you something about the relative state of racism today was 50 years ago.

When you're trying to recreate the Garden of Eden, crabgrass becomes an "existential threat".

Friday, June 19, 2020

Global Warming is Not Unprecedented

People like Jay Inslee  and Great Thuneberg scream that global warming is "unprecedented" and an "existential threat" to the planet. Just like the other periods of warming in the past? I guess the destruction of earth was just temporary in those cases. But be warned THIS time it will be different.

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Thursday, June 4, 2020

Taxing the Poor into Staying Poor

A new NBER study reveals the that “One in four low-wage workers face lifetime marginal net tax rates above 70 percent, effectively locking them into poverty.” 
By earning an extra $1,000, “one in four of our poorest households, regardless of age, make between two and three times as much for the government than they make for themselves.”

Social Security, for example, “has 2,728 primary rules governing the receipt of its 12 benefits, plus tens of thousands of secondary rules.” A person who earns an extra buck, they continue, might lose 22 cents from the earned-income tax credit, or forfeit thousands in Medicaid benefits, or face almost $800 in higher Medicare premiums, “and the list goes on.” 

Sunday, April 26, 2020

Death is Seasonal

You are going to hear lots of politicians claim in coming months that declining deaths are due to the "success" of their various shutdown actions. What you probably won't hear is that there is an underlying seasonal trend to deaths. In other words, even if these shutdowns had zero effect, deaths would decline until fall. Once again the fallacy of post hoc ergo propter hoc is ignored.

The figure is a bar chart showing that in 2017, an average of 7,708 deaths occurred each day. January, February, and December were the months with the highest average daily number of deaths (8,478, 8,351, and 8,344, respectively). June, July, and August were the months with the lowest average daily number of deaths (7,298, 7,157, and 7,158, respectively).

Thursday, March 19, 2020

Wealth is Moving INTO Downtown Areas

Research from the University of Chicago confirms that contrary to patterns fifty years ago, as people get wealthier they move into downtown areas, not away from them.


Sunday, March 8, 2020

Medicare for Some Isn't Even Affordable

Since the current version of Medicare isn't being paid for, why would you think that "Medicare for All" would be?

Wednesday, February 26, 2020

The Green New Deal is Absurdly Unaffordable

According to a study by the Competitive Enterprise Institute, the so-called Green New Deal would cost the average household almost $75,000 in the first year and over $40,000 each year ever after.  It's pointless to even ask, "Have you got $75,000 you can kick in for this?" Obviously the answer for the vast majority of households is "no".  Bernie Sanders answer to how he's going to pay for this? "We'll figure it out". 


Sum of Household Costs

StateYear 1 Household Costs
Annual Household Costs Years 2-5
Annual Household Costs Years 6 and Ever After
Alaska$84,584
$57,171
$51,740
Colorado$74,287
$46,874
$40,451
Florida$76,109
$48,696
$40,828
Iowa$76,683
$49,270
$41,420
Michigan$74,470
$47,057
$40,602
New Hampshire$74,723
$47,310
$39,821
New Mexico$74,432
$47,019
$40,970
North Carolina$74,609
$47,196
$40,697
Ohio$75,807
$48,394
$40,663
Pennsylvania$75,307
$47,894
$40,983
Wisconsin$75,252
$47,839
$40,906

The Rich Pay More

No matter how many times the fact-free Democrat party says it, The Rich are paying more of what they earn in taxes.



Friday, January 31, 2020

The Affordable Healthcare Act Makes Contraceptives Less Affordable

Contrary to what politicians would like you to believe, government involvement make things LESS affordable, not more. Witness what happened to the price of oral contraceptives after the Affordable Healthcare Act (aka Obamacare) expanded insurance coverage.  They became less affordable.





Sunday, January 26, 2020

Can't Wait to See How Paint Will be Made From Solar Farms

Mark Perry complied a partial list of things made using the petroleum Democrats like Bernie sanders and AOC promise to eliminate.  Can't wait to see how paint and detergents are going to be created from solar farms.

Wednesday, January 22, 2020

Will Colleges Address the Discrimination Against Men?

Clearly colleges and universities must adjust their admissions and graduations requirements to eliminate this discrimination against men.


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Mark Perry posted this chart in his Blog.

Monday, January 6, 2020

There Is Indeed Gender Discrimination

Mark Perry at AEI points out that there is indeed "gender discrimination". What steps will feminists suggest to remedy these obvious inequities? Make degree requirements lower for men? Suspend more girls from school? Programs to encourage female suicide?

The media is always pushing the myth that women constantly suffer some sort of disadvantage relative to men. This data-set makes just the opposite point.


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Wednesday, December 11, 2019

Tornado Activity is a Result of Global Warming?

How often do you hear the media claim that increased tornado activity is a result of Global Warming?
If tornadoes and temperature were directly related, then the decline in violent tornadoes would be indicating that the climate is cooling, not warming. The real answer, of course, is that the two are not related except in media fantasies.

Monday, November 18, 2019

Public Schools: Increasing Staff, Decreasing Results

Imagine you walked into your boss's office and told him you need more staff to give better service to customers. One of the responses you might get is, "I've been increasing your staff for several years, yet the service ratings from our customers keep falling. How is that?"
Your response would be?


Democrats Want the US to Look Like Venezuela

Want to know what will happen to the US if those supporting the Green New Deal are given power? Not even 20 years ago, Venezuela produced 3 times as much oil as the state of Texas. Today Texas produces 7 times what Venezuela does. What happened? Venezuela adopted socialism. Texas adopted fracking. Democrats promise to end fracking while adopting socialism. The result of that is already known.

Monday, October 7, 2019

Making Housing Unaffordable

You know, it almost seems as if there were some sort of relationship between the price of something and the supply of it. Maybe cities like LA and SF and Seattle who constantly complain about housing costs should look into this? But they won't because they are acting on behalf of wealthy incumbent homeowners who can afford to trade off high housing costs for more "open space".



Chart courtesy of AEI and Mark Perry

Monday, September 16, 2019

Are You Safer on the Streets of Chicago or in The Hospital?


It is often cited by the media that there are 30,000 gun-relate deaths each year. That’s all of  .001% of the population.

• 65% of those deaths are by suicide
• 15% are by law enforcement in the line of duty and justified
• 17% are through criminal activity, gang and drug related or mentally ill persons
• 3% are accidental discharge deaths

So, the relevant “gun violence” death count is 5100.  25% of these occur in 4 cities – Chicago, Baltimore, Detroit and DC, all of which have strict gun laws, but lots of criminal activity.  Guns? Or criminals on the street?

200,000+ people die each year from preventable medical errors. You are safer walking around  Chicago than when you are in a hospital.  Maybe we ought to ban hospitals?

Are you beginning to wonder whether the cries for gun control are motivated by something other than simply saving lives?

Tuesday, September 10, 2019

Income Inequality is NOT increasing

If you turn on CNN or MSNBC you will hear constant reference to "increasing income inequality". If this were true and not just propaganda, you'd expect real data to support that claim. Yet it doesn't. The level of income inequality in the United states hasn't changed in the last 25 years. So, if this wasn't keeping you up at night in 1998, why is it in 2019?


The Gini index, or Gini ratio, is a measure of statistical dispersion intended to represent the income or wealth distribution of a nation's residents, and is the most commonly used measurement of inequality. It was developed by the Italian statistician and sociologist Corrado Gini.
A Gini coefficient of zero expresses perfect equality, where all values are the same (for example, where everyone has the same income). A Gini coefficient of 1 (or 100%) expresses maximal inequality among values .

Tuesday, September 3, 2019

Illegals Depress Worker's Wages in California.

Supply and demand. Supply and demand. When you import thousands of illegal immigrants every month, it will depress the wages of all lower skilled workers.  The folks in Silicon Valley and Hollywood seem to love this policy. They're doing just fine, and those illegals are cheap labor to tend their gardens and clean their homes.


Saturday, August 17, 2019

Government=Higher Prices

It always amazes me that people who desire lower prices on goods and services think the way to get there is more government involvement. Just the opposite is true.  The data is clear. The categories with the highest government involvement (and subsidies) are the ones which have prices increases in excess of the general rate of inflation. Want lower cost healthcare? Lower cost college? Get government OUT of the process and let the market work the same magic it does in other industries.


Tuesday, July 9, 2019

Prosperity and Free Market Capitalism Are Utterly Linked

The linkage between classic liberalism (free choice, free markets) is so strong, it is a wonder that significant numbers of people -- e.g. virtually all the Democrat candidates for President -- want to move the US  in the opposite direction.  Are they just that ignorant? Or do they actually prefer lower living standards (as long as they get to make the decisions)?


Monday, June 10, 2019

Democrats' Welfare State Cannot by Paid for By The Rich (and they know it).

Heritage foundation makes the point that the sort of European welfare state that Democrats envision cannot be had without significant increases in taxation on the people who pay relative low tax rates today -- the middle class. Of course, Democrats cannot be honest about this because there is no support for raising taxes. The claim that all of this will be paid for by The Rich is simply a lie.

Taxes on the rich cannot raise the necessary revenue to fund large European-style welfare states. If left on the current trajectory, U.S. government expenditures will require large tax increases on middle-class Americans. The current progressive agenda to further increase spending on health care, education, environmental policy, and income supports will require even higher taxes on a larger share of taxpayers. If America’s spending continues to look more and more like that of Europe, U.S. tax policy will also need to shift. In European countries, lower-income and middle-class taxpayers pay an average marginal wage tax rate of 49 percent on income above $37,000 a year, and an average value-added tax (VAT) of 20 percent. Those same U.S. taxpayers face a marginal wage tax of 32 percent and an average sales tax of 6 percent. 

Tuesday, May 28, 2019

Your Income is Related to What YOU Do. Not White Privilege.

Mark Perry posted these two charts. It's almost as if your income level is more related to things that YOU do (or don't do) than racial issues. Or maybe Asians have some sort of Super White Privilege that they exert over ordinary Whites?


Wednesday, May 8, 2019

Minimum Wage Recession in Restaurant Employment

Mark Perry posted this chart showing that the effect of the increase in the minimum wage on labor demand is similar to what happens during full-blown recessions.  Too bad there isn't some sort of theory that would have predicted this -- that when you raise the price of something there will be less of it demanded.


Saturday, May 4, 2019

Lower taxes and regulation=Rising wages.

To get growth in hourly earnings you need two things:

1. A tight labor (i.e. fewer people not working)
2. Employer optimism about demand

It's pretty clear that around 2017 something changed from the previous 8 years. My strong guess is that it was the election of a government that promised to lower corporate taxes and reduce regulatory burden. Any other guesses?


Tuesday, April 30, 2019

Want Lower Prices? Reduce Government Involvement.

Think medical care is getting too expensive? How about the cost of college? These are both categories in which the government is heavily involved and which get lots of government subsidies.
Now let's compare those to the costs of categories where the government is not as involved and where the free market generally sets prices. Huh. All of these have inflation adjusted decreases in price.
Huh. 


Wednesday, April 24, 2019

Income is Inversely Related to Unwed Births

Mark Perry has looked at the rather strong inverse correlation between having unwed births and household income. Clearly, the presence of a spouse adds to household income, so if you don't want to be poor, it's a bad idea to have children without marriage. Liberals, of course, fight this analysis because it does not fit with their conviction that racial discrimination by others is what keeps you from earning more. 


Monday, March 18, 2019

Educational Gaps Do Not Respond to Massive Government Spending

In a new paper researchers document that after 50 years of massive spending programs"gaps in achievement between the haves and have-nots are mostly unchanged over the past half century."
So why would you expect even more money to "solve" this problem? Isn't it more likely that there is something ingrained genetically or behaviorally that won't be erased by more of the same approach


Saturday, February 2, 2019

Soak the Rich. Lower Marginal Tax Rates

The slogan Make The Rich (or the Tippy Top earners, to quote the au currant Alexandria Ocasio-Cortez) pay their Fair Share is repeated over and over again. But if that were your objective,  historical data (I know, not as persuasive as Feelings) would suggest that you do just the opposite of  what the Democrats want to do -- i.e. raise marginal rates of taxation. Would they really be happier going back to 1960 when the top 0.5% paid far less of the income taxes collected?

Monday, January 7, 2019

People Migrate Both To the US and Within It to Maximize Earning Potential

Just as people migrate from California, Illinois, Connecticut and New York to states like Florida, Texas and Arizona where they can earn more and be taxed less, so do ambitious people from foreign countries migrate to the US in order to maximize their earning potential. Asian countries in particular are suffering a "brain drain" of their most talented individuals. 


Friday, January 4, 2019

High Marginal Tax Rates Do Not Generate More Tax Revenue

The current media darling , Alexandria Ocasio-Cortez, was on TV yesterday telling Anderson Cooper that she would pay for all her lavish spending plans with higher tax rates on the "tippy-top" earners (didn't we used to mock Valley Girls?). But reality (as opposed to whatever is playing in AOC's head) tells us that revenues are not affected much by what the top marginal rate is. So what would be the point of a higher top tax rate? Other than to pander to people who are just as ignorant as you.


Saturday, December 29, 2018

States of Change

One side effect of a strengthening national economy has been a widening disparity in state growth rates. The eight fastest-growing states by population last year were located in the West or South (Nevada, Idaho, Utah, Arizona, Florida, Washington, Colorado and Texas).
And what do you know? These states have also experienced rapid employment and GDP growth spurred by low tax rates and policies generally friendly to business and job creation. Nevada, Arizona, Texas, Washington, Utah, Florida and Colorado ranked among the eight states with the fastest job growth this past year, according to the Bureau of Labor Statistics. Nevada, Texas, Washington and Florida have no income tax.
And California is only experiencing growth because of foreign immigration (legal and illegal).

Will high-tax business unfriendly states learn anything? Doubtful. These states are dominated by the interests of unions and the Welfare Industrial Complex. Like other addicts, they will not change behavior until they hit bottom.  


Thursday, December 20, 2018

The Myth of Declining Manufacturing the In the US

Michael Hicks published a paper which rightfully debunks the popular notion that manufacturing in America is declining. It is not. It has been increasing constantly over the last 100 years. 


Tuesday, December 11, 2018

Electric Car Subsidies for The Rich

Democrats voted unanimously against the last tax cut bill because (they said) it disproportionately benefits high income households. Yet they unanimously endorse electric car tax credits which (pretty conclusively) disproportionately benefit high income households. According to the Energy Department, 70% of all these vehicles are bought by people earning over $100,000.

ENVIRONMENTALISM IS A LUXURY GOOD