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Eugene Winter
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Eugene Winter

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From the Grapevine archive >>> #election2016 #trump #clinton
The Independent creed?

Why extreme positions on issues is not always a plausible principle, to quote the Great Frank H. Knight, "There is always a principle, plausible and even sound within limits, to justify any possible course of action and, of course, the opposite one. The truly right course is a matter of the best compromise or the best or “least worst” combination of good and evil. As in cookery, and in economic theory, it calls for enough and not too much, far enough and not too far, in any direction. Moreover, the ingredients of policy are always imponderable, hence there can be no principle, no formula, for the best compromise."

The problem with extreme positions are exactly that, they may the best for a particular situation, as we all know, all things are never equal, the best solution should not ignore all plausible principle in any direction.
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Proxima Centauri b: Have we just found Earth’s cousin right on our doorstep?

In the article published today in Nature, a group of modern astronomers reported on what they learned by using two high-precision radial-velocity instruments: HARPS at the 3.6m telescope of La Silla and UVES at the VLT 8m class telescope, both part of the European Southern Observatory. Several of these observations were done as part of other programs that took place between 2000 and 2016, but from January 2016 to March 2016, the team collected what we call high-cadence data, a fancy way to state that the star was observed once per night to increase its chance of detecting a tiny variation in its motion o (~1 m/s, or the speed of a human walking) that might be caused by the presence of a small planet.

This ambitious program has paid off beyond our wildest dreams in that we have now unambiguously detected a planet with a minimum mass 1.3 times that of Earth orbiting the star right in the middle of the goldilocks zone (0.05 AU). I am not a specialist in RV measurement, but this detection seems quite convincing in that it has a false-alarm probability of less than 0.1% and uses a careful comparison of star activity (done by using additional small telescopes during the survey) that are known to mimic the signal of a planet. That is a very significant new data point to add in our cosmic map.

Read more: http://buff.ly/2bFrc3X
What began as a tantalizing rumor has just become an astonishing fact. Today a group of thirty-one scientists, led by Guillem Anglada-Escude at the Queen Mary University of London, UK, announced the discovery of a terrestrial exoplanet orbiting Proxima Centauri. The discovery of this planet, ...
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Policy Basics: Where Do Federal Tax Revenues Come From? cbpp.org
The three main sources of federal tax revenue are individual income taxes, payroll taxes, and corporate income taxes; other sources of tax revenue include excise taxes, the estate tax, and other taxes and fees. &nbs;&nbs; Almost half of all federal revenue (47 percent) comes from individual income taxes.
#election2016 #trump #clinton
Related:
What are the sources of revenue for the federal government?: http://tpc.io/1Va14yf via @TaxPolicyCenter
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Tax Rates and Tax Evasion
"[A]s tax rates rise above the median level of 34 percent, the extent of evasion rises dramatically."
nber.org
#election2016 #trump #clinton

Higher tax rates provoke tax evasion. In Tax Rates and Tax Evasion: Evidence from 'Missing Imports' in China (NBER Working Paper No. 8551), Raymond Fisman and Shang-Jin Wei capture this phenomenon in some detail when they look at how importers in China responded to high tariff rates by engaging in a rash of evasive behaviors. They find the reaction in that country to be so intense that "tax increases may even produce a reduction rather than an increase in tax revenues."
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FEDERAL REVENUE LOST TO TAX EVASION
#election2016 #trump #clinton 
Tax evasion will cost the U.S. government $305 billion in 2010 and has cost $3 trillion over the past decade. It is a major contributor to budget deficits and the accumulation of national debt since 2001. Tax evasion also costs state treasuries billions of dollars.
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Time to Free the corporate tax from politics boomerang? First and foremost, taxation, to any corporation is an expense, every corporation, just like any entity, has a right to reduce the expense, hence. Time to consider a flat tax rate for corporations, no guessing, not unlike the sales, use, excise or property tax are all flat rates at the least, and non of these taxes are above 10%, good enough for the states or counties, i don't see why corporations cannot be taxed at that rate or maybe 15%, flat, to remove all the confusion or tax evasion. #election2016 #trump #clinton 
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3 Mistakes That Will Doom Your Ecommerce Content Marketing via +Friendbuy
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Government 101:
Meltzer and Richards: A rational theory of the size of government
Economists Allen Meltzer and Scott Richard argue that the cost of government grows

... because people in a democracy use the government to secure benefits.
#election2016 #trump #clinton 
Although the model is more complex than this, here's the basic idea: People vary in how productive they are. Because productivity has a constant effect on your wage, those who cannot earn a higher wage than welfare would provide will choose not to work. Income is not distributed evenly. Since it is skewed right, the mean income will exceed the median income. The relevant...
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The Sources of State and Local Tax Revenues via +Tax Foundation
State and local governments tend to obtain the largest portion of tax revenues from property taxes and sales and gross receipts taxes. Another large source of revenue is individual income taxes.
#election2016 #trump #clinton
Related:
What are the sources of revenue for state governments?: http://tpc.io/25ykQYW via @TaxPolicyCenter
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Spring 2016: Here's the price countries pay for tax evasion exposed in #PanamaPapers http://interc.pt/1RLuxKb by +Tiny r(E)volution

How global tax evasion keeps poor countries poor http://wpo.st/Xstt1
Countries worldwide may lose about $200 billion per year due to tax evasion and another $130 billion due to tax avoidance.
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GROWING UP IN A RECESSION: BELIEFS AND THE MACROECONOMY
neber.org
National Bureau of Economic Research Study: experiencing recession when young => more support for redistribution, vote for left.
ABSTRACT
Does the historical macroeconomic environment affect preferences for redistribution? We find that individuals who experienced a recession when young believe that success in life depends more on luck than effort, support more government redistribution, and tend to vote for left-wing parties. The
effect of recessions on beliefs is long-lasting. We support our findings with evidence from three different datasets. First, we identify the effect of recessions on beliefs exploiting time and regional variation in Macroeconomic conditions using data from the 1972–2010 General Social Survey. Our specifications control for nonlinear time-period, life-cycle, and cohort effects, as well as a host of background variables.

Second, we rely on data from the National Longitudinal Survey of the High School Class of 1972 to corroborate the age-period-cohort specification and look at heterogeneous effects of experiencing a recession during early adulthood. Third, using data from the World Value Survey, we confirm our
findings with a sample of 37 countries whose citizens experienced macroeconomic disasters at different points in history.

Paola Giuliano
Anderson School of Management
UCLA

Antonio Spilimbergo
International Monetary Fund

IMF Home page with links to News, About the IMF, Fund Rates, IMF Publications, What's New, Standards and Codes, Country Information and featured topics
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An avid writer, technologist, student ... Links Endorsement.
               
Life | Living.... la ricerca della felicità.

Interests - | Tech explorer | Growth economics | Macro economics | Policy Analysis |
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Concept Dismissing Maestro. (Always in Beta Mode.)
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Technology Evangelist.
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AWS, SAP, NetSuite, Oracle Technology, Infor, Microsoft Business Solutions.
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  • SIMC LLC
    Software Solution Delivery Engineer, 2007 - present
  • Robert Half Technology
    Business/Systems Analyst, 2002 - 2011
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Dallas, TX
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Alberqueue, NM, Niagara Falls, ON - London, England - Lagos Nigeria - Toronto, Ont - Niagara Falls, Ont - Oklahoma City