Because Democrats demagoged the idea and showed Republicans throwing grandma off the cliff.
What will we do about the looming retirement crisis?
- Thread starter larsIU
- Start date
Build smaller - not high rise apartment buildings Hold administrators accountable. Put a police station in the complex.
Huh? My SS income is treated as normal income for taxation purposes.
You guys watching the Dune prequel (sorry, don't know the name) on Max that shows an advanced society that bans any 'machine thinking' because of a robot war that almost destroyed mankind?I was reading a story that AI was asked to create a new computer chip design. It did and performs better than what humans design. They use random shapes and so far humans don't know why they perform better.
Of course the first couple AI attempts did not work, it isn't perfect yet. But allowing it to design the chips that will lead the robot revolution isn't a good idea.
AI-designed chips are so weird that 'humans cannot really understand them' — but they perform better than anything we've created
AI models have, within hours, created more efficient wireless chips through deep learning, but it is unclear how their 'randomly shaped' designs were produced.www.livescience.com
The series itself is kind of slow and confusing, but the idea of banning 'machine thinking' is pretty radical.
How are we paying for those tax cuts?
Also, how much are these tax cuts going to change our debt?
Is this taxes or a draconian regulatory environment. Probably both. I bet more the latter though.
I'd say these two things are part and parcel. They both represent economic interventions that restrict market activity. And they almost always go hand-in-hand -- symbiotic.
And this is why I'm skeptical that Europe has the wherewithal to make up the slack for reduced US defense presence. Their general domestic policies have long favored butter over guns. And they could afford to do this because the US has subsidized them.
Couple other comments on this.
- Let's not forget that the "new" tax cuts on the table are mostly just extensions of the current tax policies. The changes being considered include:
- Raising the SALT deduction cap -- which most Dems support and is necessary to win the votes of blue state Repubs
- No taxes on tip income
- No taxes on overtime
- No taxes on Social Security benefits
(FTR, I oppose all 4 of those)
- Looking only at tax revenues for the 7 years prior to the enactment of the TCJA and the 7 years since:
2011-2017: Average annual tax revenues of 16.41% GDP
2018-2024: Average annual tax revenues of 16.56% GDP
This is true. Depending upon the age of the building, you might have to abate asbestos; reinforce the structure almost as if it were a new building (For example, a building designed in 1920 has a different live load component than nowadays--people are much taller and heavier); just a host of things that can make rehab a potential problem. That being said, aesthetically, there is something to really appreciate from the older buildings. Bedrock spent over 1.7 billion to renovate the J.L. Hudson's department store. It is a magnificent building-but the original construction budget was 909 mil--still not cheap. Nearly doubling the cost has been an issue.
Tax revenue has been more or less flat since 1943. You have up and down movement along the margins, but the mean is pretty consistent for any particular decade.
As somebody in the construction industry, I agree with every word of this.
We don't build buildings like we used to. That is true. But we couldn't afford to if we wanted to. And that's evident every time a major facelift project is done to a classic building.
Tax revenue has been more or less flat since 1943. You have up and down movement along the margins, but the mean is pretty consistent for any particular decade.
This. x1000
Changes in tax rates usually have pretty muted effects on tax revenues -- which are far more sensitive to macroeconomic conditions. The best run we've ever had for tax revenues came in the late 90s. From 1997-2000, we had 4 consecutive years of revenues getting above 18% -- with 2000 even getting above 19%. The Bush41 & Clinton tax hikes probably contributed to this some. But it seems evident that it was mostly due to the dot-com boom. And the best evidence for this is that most states saw boosts in revenues too -- even ones that didn't have a lot of exposure to tech.
Yea I was making a big assumption there, probably because that is the #1 thing that I always here. Mybad man!
All good. Our best threads here are non political typically. Need more of them.
