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Randall Parker on Social Security Trust Fund Depletion Rate Has Sped Up.    Barry Sanders, In America I expect Social Security checks to continue to be paid for the next 5 years and probably the next 10 years. Some European countries will hit the wall before we do because they no longer have their own currency. I think some other countries will have

Brett Bellmore on Social Security Trust Fund Depletion Rate Has Sped Up.    "but compared to the rest of the world and adjusted for inflation, US GDP growth is actually pretty good." Mainly because the US inflation numbers are fraudulent. As anybody who buys groceries knows. has calculated inflation according to the government's definitions of it in 1980, and 1990. (The latter to

JerseyGuy on Social Security Trust Fund Depletion Rate Has Sped Up.    I think the most interesting thing about these "end of the road" situations that these entitlements are in currently is how quickly it has come. I remember reading pre-financial crisis that our pension and entitlement systems were going to start running into trouble in the 2030s and 2040s. The financial

grey enlightenment on Social Security Trust Fund Depletion Rate Has Sped Up.    James Pethokoukis reports: Lost Decade? The US is about to have its first 10-year period since World War II without at least one year of 3% growth. but compared to the rest of the world and adjusted for inflation, US GDP growth is actually pretty good.

painlord2k on Uber Under Regulatory Assault In California.    Uber is the Napster of transport. They kill Uber? They get Gnutella, eDonkey, BitTorrent and worse. It is not technologically impossible, nor difficult. It just require some effort in developing the right software solution. Like with Bitcoin.

painlord2k on Social Security Trust Fund Depletion Rate Has Sped Up.    Currency and Capital controls are already here. They are imposed indirectly making extremely dangerous for other countries' banks to give US residents and citizens any type of banking accounts. No bank would touch a US resident or citizen money, so US citizens and residents can only export cash, in limited

Mike Street Station on High Min Wage To Help Bring Haute Cuisine To The Masses.    @Randall Parker, "I see mass unemployment of the lower classes as the condition most likely to lead to an end to low-skilled immigration. The reason why: Once fast food restaurant owners and farm owners no longer want to hire illegal aliens the business support for low-skilled immigration will evaporate." I

Ross on High Min Wage To Help Bring Haute Cuisine To The Masses.    As an ex-pat living in France, where the minimum wage is very high compared to the U.S. (and payroll taxes are obscenely high), I can tell you some things that are different: Grocery stores have no baggers. Everyone bags their own groceries in France, even in high-end supermarkets. Restaurants have

Sgt. Joe Friday on Social Security Trust Fund Depletion Rate Has Sped Up.    Social Security will be means tested, IOW if you have a positive net worth (excluding, possibly, the equity in your home) you'll be out of luck: you will be declared ineligible for benefits. Then there is always the possibility that everyone's 401K will be "annuitized," i.e. seized and in its

Barry Sanders on Social Security Trust Fund Depletion Rate Has Sped Up.    Do you see a Greece-style debt crisis emerging within the next 5 years?

Brett Bellmore on Social Security Trust Fund Depletion Rate Has Sped Up.    The point is, the general fund isn't starved for revenue when the 'fund' runs out. It's starved for revenue when the cash flow goes negative. IOW, the crisis isn't 30 years from now. It's TODAY.

Randall Parker on Social Security Trust Fund Depletion Rate Has Sped Up.    Black Death, Yes, I get that the Trust Fund isn't real money. But that means the general fund is going to be starved of cash when old folks insist on no decrease in Social Security payments. There will be a battle royale between old folks and the growing lower classes.

Randall Parker on High Min Wage To Help Bring Haute Cuisine To The Masses.    Black Death, Dorian, I see mass unemployment of the lower classes as the condition most likely to lead to an end to low-skilled immigration. The reason why: Once fast food restaurant owners and farm owners no longer want to hire illegal aliens the business support for low-skilled immigration will evaporate.

Black Death on Social Security Trust Fund Depletion Rate Has Sped Up.    The SS Trust Fund isn't real money - it's just a budgetary device that allows Congress to use general revenues to pay benefits. Where did it come from? From its earliest days until just a couple of years ago, SS, helped considerably by favorable demographics, took in more than it

Seth W. on Progressives Have Made The Past Into The West's Original Sin.    "How this country let this happen is beyond understanding, but the past generation has been lost, and the next is on its way." Good question with lots of answers and aspects, but young Americans have grown mentally lazy and sloppy due to all the gradual junk their parents accepted without

Seth W. on High Min Wage To Help Bring Haute Cuisine To The Masses.    To Vote_Trump: I don't know what you are talking about. Care to make yourself clear?

Dorian on High Min Wage To Help Bring Haute Cuisine To The Masses.    Why wouldn't a progressively more socialist government mandate human employment to corporations? Robots be damned. Unz and fellow travelers, just don't want to admit that this measure is at least as likely (IMO much more) to lead to more immigration and more onerous taxes and more of everything economically problematic

Vote_Trump on High Min Wage To Help Bring Haute Cuisine To The Masses.    And how many divisions does Russell have?

Seth W. on High Min Wage To Help Bring Haute Cuisine To The Masses.    "I want to say, in all seriousness, that a great deal of harm is being done in the modern world by the belief in the virtuousness of work, and that the road to happiness and prosperity lies in an organized diminution of work." "Modern technique has made it possible for

Seth W on High Min Wage To Help Bring Haute Cuisine To The Masses.    >>>"Hey, that's bad. We need to require 50 hour work weeks for those making $15 per hour." Easy there. The 40 hour work week was gained with lots of struggle and blood in Chicago. Don't forget, one third of your day for work, one third for sleep and one third

Black Death on High Min Wage To Help Bring Haute Cuisine To The Masses.    RP - Agree that we will have lots more people on the left side of the bell curve who will be more or less permanently unemployed (and unemployable). Is this a good thing? Why? Many will turn to crime, and others will just vegetate on the dole while voting for

Randall Parker on High Min Wage To Help Bring Haute Cuisine To The Masses.    map, Governments can do what they want if judges agree. The US Constitution's various restraints on government died mostly in the 1930s and 1940s. Constraints on government action have declined even further since then. I see no signs this is going to reverse. So, yes, cities with lots of smart

WJ on Obama Doing Massive Data Collection For Disparate Impact Enforcement.    The smart people working at companies like Google really, really don't want to be forced to work around stupid people. If race quotas sponsored by Obama force them to do that, it perhaps increases the possibility that they'll see the Dems for what they truly are. It shouldn't be a

ErisGuy on Progressives Have Made The Past Into The West's Original Sin.    We are at the beginning of a moral transformation as thorough as Christianizing the Roman Empire. The old traditions, laws, custom, words will be erased, forgotten, redefined, transformed. The Old Believers will be destroyed. Despite the defeats of twins Nazism and Communism, this is the heroic age of Socialism and

Big Bill on Because We Said So: Polygamous Marriage Not Next Logical Step.    Oh for heaven's sake! Cathy Young knows she is talking crap. As an educated Jew she knows that polygamy has always been lawful (although at times discouraged)under Jewish law. She knows that a temporary rule against polygamy was created about 1000 years ago and has since expired. She knows that

map on High Min Wage To Help Bring Haute Cuisine To The Masses.    Look, this is not going to fly. It's obvious that cities like Seattle are trying to push low-margin businesses (and their workers) out of Seattle. This just means that Seattle is going to have fewer and fewer minorities as marginal businesses uproot and leave. Frankly, these minimum wage laws are

John robins on Bedbugs Yet Another Problem Caused By Immigration.    Work on the Mexican broader for a day or two you will see the the majority of illegals that get apprehended are infested with bed bugs and other diseases. Do not be fooled bypeople telling you it's not true it is. Our own government officials in the US have boarder

John robins on Bedbugs Yet Another Problem Caused By Immigration.    Work on the Mexican broader for a day or two you will see the the majority of illegals that get apprehended are infested with bed bugs and other diseases. Do not be fooled bypeople telling you it's not true it is. Our own government officials in the US have boarder

Rev. Right on Progressives Have Made The Past Into The West's Original Sin.    A civilization that allows its children to be taught a history that paints it as evil is one soon to be extinct. For the past 30 years, the history of the United States taught in American schools has covered slavery, the dispossession and 'genocide' of natives, the evils of capitalism,

Randall Parker on High Min Wage To Help Bring Haute Cuisine To The Masses.    Brett, You will be able to create a set of cooking instructions, put these instructions in some dinner bidding server, and get restaurants indicating whether their robots and supplies can cook what you want the way you want it. Black Death, We'll have a lot more unemployed people on the

Randall Parker on Productivity 70% Higher In Germany Than Greece.    Lot, Greece has a fertility rate of 1.34. Their workforce is going to shrink, shrinking GDP with it, and make the debt burden even bigger. The best thing about Greece still being in the Euro: Its being made to privatize industries and lower regulatory barriers for creating businesses.

aandrews on Progressives Have Made The Past Into The West's Original Sin.    An arresting quote from the article... "Itís important to remember Critical Theory isnít a weapon of revolution. Itís a weapon of repression. And it was quickly and thoroughly Americanized. Itís ridiculous to treat it as an exotic import: it took root in American society and culture almost immediately after it

aandrews on Progressives Have Made The Past Into The West's Original Sin.    Paul Gottfried has written one of the best explanations of the reforging of American culture and history by the Left that I've come across recently. I highly recommend it. The Intellectual Roots Of The American Leftís Emerging Totalitarianism

Black Death on High Min Wage To Help Bring Haute Cuisine To The Masses.    Talk about the law of unintended consequences - who ever thought that the newly enriched $15/hour workers would be asking for fewer hours so that they could hang on to their welfare goodies? Why not accommodate them by cutting them to less than 30 hours per week, so they don't

Kent Gatewood on High Min Wage To Help Bring Haute Cuisine To The Masses.    1. How will people currently making $17 an hour feel about how close they are to the new minimum wage? 2. In the past unions used a higher minimum as an excuse to demand that their people get raises to maintain the difference. This time too?

Jersey on Progressives Have Made The Past Into The West's Original Sin.    "Who controls the past controls the future; who controls the present controls the past." Progressives are the worst.

Brett Bellmore on High Min Wage To Help Bring Haute Cuisine To The Masses.    NOOOOO! I do not look forward to ordering a meal at the food court, and getting a tiny serving with an artistic splash of sauce, accompanied by a basically inedible garnish. Designed by somebody who's been cooking so long they've grown jaded about making the food actually taste good, they

Randall Parker on Split In Democratic Party Between Old School And Tech Democrats.    Brett Bellmore, Yes, smart kids growing up with other smart kids will be better adjusted as a consequence. They'll unfortunately also not have much experience with just how dumb the dumb can be. map, Lots of robotics start-ups today. Lots of people getting Ph.D.s in machine learning. The robotics market

Lot on Productivity 70% Higher In Germany Than Greece.    "rarely do governments run sustained large enough budget surpluses to pay down debts that large." You don't need to run a surplus. Real growth of 1% plus inflation of 2% means, with a balanced budget, that debt/gdp goes down 3% a year, or 3.9 percentage points a year for debt/gdp

Engineer-Poet on Split In Democratic Party Between Old School And Tech Democrats.    Then robotization simply goes to Japan, where they refuse to allow a flood of third-worlders and have no bias against lights-out factories.  Everyplace that tries to go the route of Brazil becomes Brazil without industry.

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