Yes, I'm aware that practically no one paid that rate and there were a lot of loopholes, then Kennedy lowered the tax rate to 75% and closed a bunch of loopholes. My main point is that high taxes by themselves don't necessarily kill the economy.
Even though I never enjoyed programming in COBOL (it was like writing a term paper) I think it's a perfectly good language for most of the computing the IRS does.
I agree that the circumstances after WW II were very favorable for the USA but that doesn't obviate the fact that despite a top marginal tax rate of 91% the country did very well economically.
So if my yearly income was $10 million but I decided to stop working after the first million I'd be foregoing $810,000 in income after taxes. I guess if you're that rich already it's not that big a deal. But as I said I don't support a 91% tax rate but if the rate was 50% you'd be foregoing $4,500,000 in income in my example. Do you really think that's such a disincentive that people would quite working?
What you fail to take into account with the 91% tax rate is that it was a marginal rate. It only applied to income over a certain amount. I'll use $1,000,000 for the sake of argument. So if the 91% rate applies to income over $1 M all of your income up to that point is taxed at the lower rate that people not making that much pay. And even if you reach the point where you're paying 91% taxes on income over $1 M you'll still make more money than if you purposely hold your income under $1 M. Now I'm not advocating for a 91% tax rate but I don't think something like a 50% tax rate on income over $10 million is crazy to contemplate.
Regarding the 91% tax rate it applied from around the end of WW II until Kennedy changed it to around 75% in the early 1960s. Yet that period was one of the most productive in terms of economic growth and infrastructure building to support that growth in the history of the USA. I don't think tax rates are as important to economic growth as a lot of people think.
:) You may be right in general. I was thinking in terms of the renewable energy field where wind and PV Solar are now competitive with fossil fuel generation and in electric cars where the development continues to outpace many predictions from 10 years ago.
The story is wrong. There were many more coin flips than just the 6 reported and Sanders won his fair share of them. The coin flips are a result of precincts that have an odd number of delegates to the Iowa State Democratic Convention. Say the precinct has 5 delegates and the vote between Clinton and Sanders was a tie. The precinct then sends 2 delegates for Clinton and 2 delegates for Sanders and the 5th delegate is decided by the coin flip. IIRC from the story I heard on NPR there are something like 11,000 delegates to the Iowa State Democratic Convention and it is at that convention where the actual delegates to the Democratic National Convention are selected. So with 11,000 delegates to the state convention the results of a few coin flips aren't going to change much.
Yes, but that point is farther in the future than most people who are pushing batteries will admit.
How many times have people who said that is farther in the future than people think been proven wrong? You may be right in this case but I wouldn't put good money on it.
The osprey wasn't after the eagle for food. It was in the spring and the two osprey probably had a nest nearby and they were harassing the eagle to protect it.
Not only is it illegal to keep a bald eagle in captivity but it's also illegal to possess eagle feathers unless you are a native American using them in your cultural expression.
How about training the birds to carry something in their talons that they can drop on the drone? Maybe a loose ball of string or something that would gunk up the drones props.
I once saw a golden eagle do this. It was while I was rafting the Rogue River. There were a couple of osprey harassing the eagle and as it flew down the river about 50 feet above me one of the osprey was stooping on it with talons outstretched. As the osprey got close the eagle barrel rolled on its back, presented its twice as big talons to the osprey and the osprey veered off, all about 100 feet from me. A memory I will never forget.
we could start locking up people who employee illegals, they would go home REAL quick without any work
This I agree with. For too long with a few exceptions the federal government has looked the other way while people hired undocumented aliens. Get active levying severe penalties for hiring them and see how long the problem lasts.
Based on the part of the AC's comment I didn't quote I doubt the AC is a member of the green movement. More like an anti renewable energy supporter grasping at straws to make their argument.
A windmill on this scale would to me seem to affect the wind. I mean you can't turn this big windmill without slowing down the wind. We slow down the wind, we are affecting the climate. Isn't this the thing we were trying to prevent when we started using green energy.
People have looked in to this. Compared to the total amount of wind energy wind turbines will never be more than a drop in the bucket. They may have some local effects by mixing the higher and lower elevation air but they don't have large scale effects.
I'd be surprised if the wind stalks were anywhere as near efficient as turbines but they may be cheap enough to build that they're still cost effective.
The article says they're designed for offshore wind turbines so the blades can be fabricated in one piece near a harbor and loaded on barges to be shipped to the installation site.
Yes, larger turbines spin at lower rpm but the tip speed is about the same regardless of size. There are physical limitations.
Actually I didn't some checking and found a paper titled Optimal Tip Speed Ratio [PDF]. The tip speed ratio is the tip speed/wind speed. The paper says:
For grid connected wind turbines with three rotor blades the optimal wind tip speed ratio is reported as 7, with values over the range 6-8.
So the optimal tip speed depends on the wind speed but for practical reasons the tip speed may be limited to non-optimal values.
Generally in wind turbines the bigger they are the more efficient they are. The blades reach up higher into wind that is less affected by ground effects.
If you're like me and get your TV and internet through a coaxial cable connected to a fiber network you should favor local loop unbundling. Make the local loop a public utility and let the content providers compete for my business, both internet and TV. Let the content providers pay the local loop utility for access to my business (yes I know they'd pass the cost on to us but as a utility the local loop would have regulated rates). Then you wouldn't have to regulate the content providers (and ex cable companies) at all. Wouldn't that be a free market?
... climate change hysteria will end with a whisper...
(Sorry, I can't resist.) Yes, the climate science deniers who are hysterical about global warming will slowly slink away one by one as they realize that climate scientists have been mostly right all along.
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Correlation is not causation. The two had nothing to do with each other.
Exactly. If a 91% tax rate was so bad shouldn't it have put a damper on economic growth?
Yes, I'm aware that practically no one paid that rate and there were a lot of loopholes, then Kennedy lowered the tax rate to 75% and closed a bunch of loopholes. My main point is that high taxes by themselves don't necessarily kill the economy.
Even though I never enjoyed programming in COBOL (it was like writing a term paper) I think it's a perfectly good language for most of the computing the IRS does.
I agree that the circumstances after WW II were very favorable for the USA but that doesn't obviate the fact that despite a top marginal tax rate of 91% the country did very well economically.
I don't see what cutting costs and shafting employees has to do with reinvesting in the company.
So if my yearly income was $10 million but I decided to stop working after the first million I'd be foregoing $810,000 in income after taxes. I guess if you're that rich already it's not that big a deal. But as I said I don't support a 91% tax rate but if the rate was 50% you'd be foregoing $4,500,000 in income in my example. Do you really think that's such a disincentive that people would quite working?
What you fail to take into account with the 91% tax rate is that it was a marginal rate. It only applied to income over a certain amount. I'll use $1,000,000 for the sake of argument. So if the 91% rate applies to income over $1 M all of your income up to that point is taxed at the lower rate that people not making that much pay. And even if you reach the point where you're paying 91% taxes on income over $1 M you'll still make more money than if you purposely hold your income under $1 M. Now I'm not advocating for a 91% tax rate but I don't think something like a 50% tax rate on income over $10 million is crazy to contemplate.
Regarding the 91% tax rate it applied from around the end of WW II until Kennedy changed it to around 75% in the early 1960s. Yet that period was one of the most productive in terms of economic growth and infrastructure building to support that growth in the history of the USA. I don't think tax rates are as important to economic growth as a lot of people think.
:) You may be right in general. I was thinking in terms of the renewable energy field where wind and PV Solar are now competitive with fossil fuel generation and in electric cars where the development continues to outpace many predictions from 10 years ago.
Posting this here so it gets more views.
The story is wrong. There were many more coin flips than just the 6 reported and Sanders won his fair share of them. The coin flips are a result of precincts that have an odd number of delegates to the Iowa State Democratic Convention. Say the precinct has 5 delegates and the vote between Clinton and Sanders was a tie. The precinct then sends 2 delegates for Clinton and 2 delegates for Sanders and the 5th delegate is decided by the coin flip. IIRC from the story I heard on NPR there are something like 11,000 delegates to the Iowa State Democratic Convention and it is at that convention where the actual delegates to the Democratic National Convention are selected. So with 11,000 delegates to the state convention the results of a few coin flips aren't going to change much.
Yes, but that point is farther in the future than most people who are pushing batteries will admit.
How many times have people who said that is farther in the future than people think been proven wrong? You may be right in this case but I wouldn't put good money on it.
The osprey wasn't after the eagle for food. It was in the spring and the two osprey probably had a nest nearby and they were harassing the eagle to protect it.
Not only is it illegal to keep a bald eagle in captivity but it's also illegal to possess eagle feathers unless you are a native American using them in your cultural expression.
How about training the birds to carry something in their talons that they can drop on the drone? Maybe a loose ball of string or something that would gunk up the drones props.
I once saw a golden eagle do this. It was while I was rafting the Rogue River. There were a couple of osprey harassing the eagle and as it flew down the river about 50 feet above me one of the osprey was stooping on it with talons outstretched. As the osprey got close the eagle barrel rolled on its back, presented its twice as big talons to the osprey and the osprey veered off, all about 100 feet from me. A memory I will never forget.
we could start locking up people who employee illegals, they would go home REAL quick without any work
This I agree with. For too long with a few exceptions the federal government has looked the other way while people hired undocumented aliens. Get active levying severe penalties for hiring them and see how long the problem lasts.
Based on the part of the AC's comment I didn't quote I doubt the AC is a member of the green movement. More like an anti renewable energy supporter grasping at straws to make their argument.
A windmill on this scale would to me seem to affect the wind. I mean you can't turn this big windmill without slowing down the wind. We slow down the wind, we are affecting the climate. Isn't this the thing we were trying to prevent when we started using green energy.
People have looked in to this. Compared to the total amount of wind energy wind turbines will never be more than a drop in the bucket. They may have some local effects by mixing the higher and lower elevation air but they don't have large scale effects.
I'd be surprised if the wind stalks were anywhere as near efficient as turbines but they may be cheap enough to build that they're still cost effective.
The article says they're designed for offshore wind turbines so the blades can be fabricated in one piece near a harbor and loaded on barges to be shipped to the installation site.
Yes, larger turbines spin at lower rpm but the tip speed is about the same regardless of size. There are physical limitations.
Actually I didn't some checking and found a paper titled Optimal Tip Speed Ratio [PDF]. The tip speed ratio is the tip speed/wind speed. The paper says:
For grid connected wind turbines with three rotor blades the optimal wind tip speed ratio is reported as 7, with values over the range 6-8.
So the optimal tip speed depends on the wind speed but for practical reasons the tip speed may be limited to non-optimal values.
Generally in wind turbines the bigger they are the more efficient they are. The blades reach up higher into wind that is less affected by ground effects.
If you're like me and get your TV and internet through a coaxial cable connected to a fiber network you should favor local loop unbundling. Make the local loop a public utility and let the content providers compete for my business, both internet and TV. Let the content providers pay the local loop utility for access to my business (yes I know they'd pass the cost on to us but as a utility the local loop would have regulated rates). Then you wouldn't have to regulate the content providers (and ex cable companies) at all. Wouldn't that be a free market?
One thing that has not yet happened but would be somewhat welcome is some sort of "chemical safety labeling" for printer filament
You mean like this MSDS for 3DXNano(TM) ESD ABS?
(Sorry, I can't resist.) Yes, the climate science deniers who are hysterical about global warming will slowly slink away one by one as they realize that climate scientists have been mostly right all along.
You are free to redo his calculations on the 2nd derivative of the national debt. I doubt you'd get different numbers.