- > Trump also slashed corporate taxes and taxes for the ultra-wealth
Congress writes the bills that set tax rates. Congress also writes the spending bills.
I thought Biden told us to blame US price increases on Putin.
"families are starting to feel the impacts of Putin’s price hike."
https://thehill.com/homenews/administration/597675-biden-bla...
- > when a company lays people off, the town, state, and federal government are the ones who have to end up picking up the downstream effects
If the existing unemployment _insurance_ (forced payroll contributions to each State) are not sufficient, then change that insurance system.
There could be a business opportunity for supplemental market-priced contributions which pay on job loss. That wouldn't be worse than the 'legal assist' ripoff plans HR pimps at employee hiring.
- > still allowed to do so.
They are allowed if you voluntarily consent. When did border and immigration photo opt-out change for Americans?
https://www.cbp.gov/newsroom/local-media-release/cbp-introdu...
"It is not mandatory for U.S. citizens to have their photo taken."
- > reverse repo rate
Thanks for the reminder! I recall Fed was involved with something in reverse repo 6 months before virus blew up.
Federal Reserve has so many levers it becomes questionable that anyone understands medium to long term impacts. And FDIC works closely with Fed on bank bailouts like SVB.
- > in possession of a mystical lever, a single number that they can change to steer the behavior
Federal Reserve has more than one lever. They set bank reserve ratios. They engage in outright buying of underwater (mispriced) paper through quantitative easing. They created a new program this year to swap SVB's mispriced bond holdings at par. It's time to reel in Federal Reserve and reel in government deficit spending.
- > Look at how clinate protesters are treated.
How does that relate to capital and jobs? Unlike physical mining and physical manufacturing, capital is not a gating feature of bits and bytes tech startups.
We saw violent destruction during covid lockdowns by BLM. What did that accomplish?
- There was serious labor abuse in past years, and capital doesn't have as much power in the new info-WFH-open source economy. Mineral rights and office space and expensive yearly software support contracts are gone. Stop waiting on government regulators for action on white collar issues.
- > Fed's stunt with 2-3% interest rates in 2020-2022
Really?
Fed funds rate was about 2.5% in 2019, because Fed raised rates when Trump took office. Fed funds rate scraped zero in 2020 and 2021.
- Intereating, maybe you can summarize your findings and put links on a blog somewhere?
Thirty-thousand.org also has information about allowing the House to expand.
- Legislators who respect the rights of their constituents would vote 'present' and then go fishing. Since the House membership was capped in 1929, I suppose this only gets fixed through a general strike of the people, or a crack-up divorce in a decade or so.
https://www.npr.org/2021/04/20/988865415/stuck-at-435-repres...
- > The boom bust cycle is made worse by government policies
Government meddling does make it worse. Governments fighting the business cycle is perverted and should not be the task of government. Paul Volker rediscovered the business cycle and wrote a book about it.
https://archive.org/details/rediscoveryofbus0000volc
Interest rates naturally vary across time, space, lenders, and borrowers. Leave rates to the free market and have government enforce anti-discrimination.
- Often a lever, or joystick motion, per function. And site plans can be input to bulldozers and excavators, and with precision sensing they do cool things like preventing operator from digging below grade. Those 'sticking pipe' in trenches, and those putting in landfill cells rave about it because it avoids rework. The old guys don't need it, but they are aging out of the workforce.
https://www.komatsu.eu/en/Komatsu-Intelligent-Machine-Contro...
- > Pro tip: Don't let a populist gain control over your central bank.
USA was founded without a central bank and is on it's third central bank. The banksters learned a lot over the years, so this private central bank may hold on for another decade or so - until some States get fed up and divorce the USA.
- I worked for telcos, and the rich & famous & royalty typically had their accounts restricted from access by regular CSRs. I know there were restrictions built into the internal systems, though it didn't apply to my role.
Now the elite use Telegram groups, Signal, and rotate SIM cards. Everybody should be doing life this way, so the telcos become dumb data pipes.
I wonder if companies purchasing trains could put code disclosure in the purchase contract? I wonder if, in aggregate, train purchasers or car purchasers could fund an independent code storage vault and pay a small premium to fund that code vault organization?
In other words, if purchasers wanted this and valued this, they would demand it in purchase contracts and fund it.