Category Archives: 030 Economics

Billionaire Softbank CEO Masayoshi Son plans to invest in singularity

Insightful and a first mover…

Billionaire Softbank Group Chairman and CEO Masayoshi Son revealed Monday (Feb. 27) at Mobile World Congress his plan to invest in singularity. “In next 30 years [the singularity] will become a reality,” he said, Tech Crunch reports.

“If superintelligence goes inside the moving device then the world, our lifestyle dramatically changes,” he said. “There will be many kinds. Flying, swimming, big, micro, run, 2 legs, 4 legs, 100 legs,” referring to robots. “I truly believe it’s coming, that’s why I’m in a hurry — to aggregate the cash, to invest.”

“Son said his personal conviction in the looming rise of billions of superintelligent robots both explains his acquisition of UK chipmaker ARM last year, and his subsequent plan to establish the world’s biggest VC fund,” noted TechCrunch — a new $100BN fund called the Softbank Vision Fund, announced last October

Source: kurzweilai.net

Trump And Russia: Just Pointing Out The Obvious — Capitalist Exploits

Chairman Trump may well be a child in a man’s body – erratic, lacking in finesse, as articulate as a gangsta rapper, contradictory, and missing the cognitive functions allowing one to think before acting. But.. But… he does seem smart enough to have thought a little about Russia. Thought alone is a welcome surprise from Washington.

The establishment for their part are fuming!

First their rice bowls are at risk, and to top it off they’re now publicly mocked. To egomaniacs this is worse than acne to a prom queen. As I mentioned a couple weeks back the mockery has come thick and fast:

CNBC’s John Hardwood decided to conduct a Twitter poll to see who the American people trusted when it came to the DNC hacks. Did they believe Wikileaks, who deny Russian involvement, or do they believe the intelligence community who has blamed Russia despite ZERO hard evidence being shown to the public?

The results were shocking and it stunned the media elite!

 

The absurdity over Russia has turned into a social meme. Few buy the narrative and those that do increasingly find mainstream thinking to be questioned.

Source: Capitalist Exploits

Don’t Ruin A Chance for Tax Reform with “Border Adjustments”

Don’t Ruin A Chance for Tax Reform with “Border Adjustments”

As part of an otherwise very good tax reform plan, House Republicans have proposed to modify the corporate income tax so that it becomes a “destination-based cash-flow tax.”

For those not familiar with wonky inside-the-beltway tax terminology, there are three main things to understand about this proposal.

  • First, the tax rate on business would drop from 35 percent to 20 percent. This is unambiguously positive.
  • Second, it would replace depreciation with expensing, which is a very desirable change that would eliminate a very counter-productive tax on new investment outlays. This is basically what makes the plan a “cash-flow” tax.
  • Third, any income generated by exports would be exempt from tax but the 20-percent tax would be imposed on all imports. These “border-adjustable” provisions are what makes the plan a “destination-based” tax.

I’m a big fan of the first two provisions, but I’m very hostile to the third item.

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Repealing Obamacare Is Not Enough

American health care is not very effective in curing diseases. The National Center for Health Statistics projects over 1.6 million new cancer cases and almost 600,000 cancer deaths for 2016. Among those who suffer heart attacks, fewer than 50% are alive five years later.

Republicans do not want to repeal the regulations that make healthcare expensive and ineffective.

Medical treatment is so expensive that people need insurance to survive financial catastrophe in case they become ill or get hurt. Even middle class folks who need extensive medical care cannot begin to pay the costs. Those facts supported demand for Obamacare, the halfway point on the road to socialized medicine.

Republicans argue that American medicine was the finest in the world, with only minor problems, until it was ruined by Obamacare. But American medicine has been plagued with extraordinarily high costs and ineffective treatments for many years.

According to Forbes.com, in the Commonwealth Fund’s 2014 healthcare survey of the eleven wealthiest countries, the USA came in last.

Republicans campaigned to repeal Obamacare. But they waffle about its replacement, because they sense they have no answers to the problems that predated the disastrous Affordable Care Act. Republicans want medicine to be inexpensive and effective, but they do not want to repeal the morass of regulations that make it expensive and ineffective.

A Brief History of Medical Regulations

After the Civil War, there were virtually no regulations of medicine in the United States. People would choose their doctor and treatment, and doctors would thrive or languish according to the exigencies of the market. Profit-seeking medical schools flourished and graduated many practitioners.

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The Blockchain and Us: Interview with Caitlin Long, Symbiont – YouTube

This type of technology will revolutionalize the way the world works, and what money is.

The more competition, the better, the more secure your funds will be. The market (now able to react at the speed of light) will find the value as long as no one owns a monopoly on what people want to use.

Germans arming themselves with illegal guns and grenades

I weep for Germany and its unarmed citizens.

However, there is a bright side, the market (even if it’s black) is working just fine. It seems that some enterprising individuals were able to start an online business, find the demand, ship products, and shut down their operations quite successfully.

With the advent of the distributed internet (Maidsafe) cryptocurrency (Bitcoin, Safecoin, etc.,) 3-D printing (plastics, metals, and ceramics), and online marketplaces such as OpenBazaar, I suspect you will see many more people opting for personal security.

Various packages were available to customers, ranging from €7.99 to €799, and includes guns, grenades and ammunition.Professionals, including doctors, were getting the deadly weapons delivered to their workplaces, according to Sued Deutsche.

Source: Daily Mail Online

Coming After Your (replica) Guns?

Toy gun

Of the 86 fatal shootings involving imitation firearms since 2015, the most common theme was mental illness: 38 of those killed had a history of it, according to their families and police reports. Fourteen of the calls were domestic disturbances. Ten others began as robberies. The remaining circumstances range from patrolling neighborhoods to serving arrest warrants to making traffic stops.

Are more laws needed to make a fake gun look fake to protect the person wielding it inappropriately?

Is the problem fake guns that look too real (whatever that means), or could other factors be at play?

Since people under a life or death situation (such as those described in the article) naturally achieve a sympathetic nervous system or (SNS) response which includes the loss of color vision; what modifications will be demanded when simply coloring guns differently doesn’t fix the problem?

It seems to me that the real problem is that some people choose to intimidate, coerce, or otherwise threaten other innocent people, and then other people react with appropriate levels of counterviolence when faced with someone acting in a manner that suggests that they or others are in immediate jeopardy of loss of life and limb.

As my friends in law enforcement say “You do stupid thing, you win stupid prizes.”

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String of shootings on party buses exposes gray area in regulations in Chicago?

And near the bottom of the article, the real issue comes out.

I am skeptical that any licensed carriers committed any of the shootings, and if they did, they need to be made an example of.

No need for further regulations, simply enforce violations of the NAP will take care of it.

There are already laws on the books for this kind of behavior, no need to place more regulations on any industry.

Pearson said he didn’t think a change in the law would make any difference because it’s unclear whether people shooting others on party buses are licensed concealed carry owners.

Source: String of shootings on party buses reveals gray area in regulations – Chicago Tribune

Someone is learning how to take down the Internet – What you can do to safeguard yourself

In a nutshell: The internet is highly centralized and vulnerable to attacks.

The solution to this problem is a distributed network that that becomes more secure and faster as more people partake.

Technologies like MaidSafe are leading the way, and are now in alpha testing.

“These probes take the form of precisely calibrated attacks designed to determine exactly how well these companies can defend themselves, and what would be required to take them down. It feels like a nation’s military cybercommand trying to calibrate its weaponry in the case of cyberwar.”

Source: KurzweilAI

Gun carrying women create concealed carry fashion market

Great news for women, the firearms accessory industry, and the economy. I am glad people are moving away from the “pink it and shrink it” mentality and starting to focus on more practical solutions.

Smolenski started her company right around the time when Chicago city laws changed and she could again legally carry a firearm. When that happened, she struggled to find something that didn’t make her look frumpy and didn’t broadcast that she was packing heat. Most of the clothing was geared to men — coats with hidden pockets, or holsters that tuck neatly inside a waistband. But until the last few years, those weren’t always great options for women who don’t wear belts as frequently and are more likely than men to wear form-fitting clothing, making it difficult to hide the fact they’re carrying a firearm.

Source: Fox News

Venezuelan Government Further Disarming Citizens By Crushing Guns, Registering Ammo

It’s the same old song and dance from the collectivists: Blame your problems on someone else while you oppress the people.

As starving Venezuelans rush the Colombian border for food, hunt in the streets for cats and dogs, and break into zoos to kill horses for meat, the government continues its crackdown on dissent as socialism in the country fails. Not surprisingly, tyrannical President Nicolas Maduro has been blocking humanitarian aid from coming into the country for months and has been blaming his country’s problems on the United States.

Source: Katie Pavlich

The Inevitability of Decentralization/Distributed Networks and How To Break Open The Webopoly

Leading to the only logical conclusion: Distributed networks.

All of us, technically minded or not, need to understand the tradeoffs we’ve been making. Then we need to make decisions. We can accept choke points and lock-in. Or we can look for ways to reclaim control—declining to rely so much on centralized services, and using encryption and the new decentralized tools, such as the already-working IndieWeb, as they become available.

Source: Fast Company

White House on Rhodes Fallout: We Never Lied About The Iran Deal

Seriously, I knew it was all hogwash after the first sentence when I read:

the… administration took advantage of an ignorant, inexperienced media in order to…

Yip, it’s because of those darned “ignorant and inexperienced media” that the administration was able to “sell the Iran nuclear deal to the American people.”

No way anyone could have seen this one coming partner, real shocker there.

Oh, wait a minute… now that I come to think of it, this kind of reminds me of the billionaire banker bailout no one saw coming, and everyone was so happy with a few years back.

The ignorant and inexperienced media strike again… or could it be something much simpler?

 

 

Source: WhitKatie Pavlich

Colorado Sheriffs Say Citizens Choice Should Be Overturned Because It Makes Them “Uncomfortable”

Not backing your state legislature, your state constitution, and your citizens because doing so makes you “uncomfortable?”

Seriously?

My goodness, whatever you do, don’t go do something that supports your people but makes you uncomfortable.  Do you boys need to find your safe space?

I guess the oath of office to defend the Colorado Constitution just don’t cut it hu?

You have to ask yourself, “If one can’t be faithful in the little things (those things the citizens have voted on and the state has made lawful), how can one expect them to stand up for you on the bigger issues?”

Answer: You can’t.

Wonder how those who voted for more rights in their states will feel when those “sworn” to uphold their rights figure out that’s not happening?

Today six Colorado sheriffs filed a federal lawsuit that seeks to reverse marijuana legalization in their state, which they say should be overturned because it makes them uncomfortable. Larimer County Sheriff Justin Smith and his counterparts in five other counties say Amendment 64, the marijuana legalization measure that is now part of Colorado’s constitution, has made their jobs harder by creating a conflict between state and federal law.

Source: Colorado Sheriffs Say Marijuana Legalization Should Be Overturned Because It Makes Them Uncomfortable | TruthVoice

Australian entrepreneur Craig Wright ‘outs’ himself as Bitcoin creator ‘Satoshi Nakamoto’

According to the BBC, Wright attended a meeting with the news site, where he ‘digitally signed’ messages using cryptographic keys – which were created during the early stages of bitcoin development. These keys are interwoven with blocks of bitcoins that were created, or ‘mined’, by Satoshi Nakamoto.

Source: ibtimes

Why the Era of Soaking the Rich Is Over | Foundation for Economic Education

Scheve and Stasavage’s Taxing the Rich: A History of Fiscal Fairness in the United States and Europe (Princeton University Press, 2016) is a shocking book. Given the title, I absolutely did not expect it to bolster libertarian morale. But Taxing the Rich offers libertarians more credible hope for the future than any openly libertarian book published in the 21st century.

The heart of S&S’s unintentionally delightful thesis:

1. Democracies have no inherent tendency to “soak the rich.”

2. Instead, democracies adopt high, progressive taxation in the face of compelling “compensatory” arguments for redistribution.

3. Only major wars of mass mobilization make compensatory arguments compelling.

4. Modern warfare has made majors wars of mass mobilization obsolete.

5. Therefore, tax the rich policies are a thing of the past, at least for developed countries. They won’t be coming back.

 

Source: Foundation for Economic Education <— Read more here

About Rent Seeking Instructors

Rent seeking is always wrong (and can be downright deadly when we are talking about firearms and training), it’s something we must be guarded against at all times.

It has to be an equal mix of greed and stupidity that launches the mouths of some firearm instructors to blab about government-mandated training. If by now, any Gun Owner does not realize that regulations that come from political hacks have no basis in real life and are actually a gateway to restrictions, simply in a disconnected idiot.

Should Gun Owners get training? Yes. If you are an instructor offer affordable classes in different levels of guncraft, from basic pistol handling to weapons retention. But do not latch yourself to legislators in order to keep your gravy train running.

Source: Gun Free Zone

Rasmussen Looks at Why Americans are Buying So Many Guns

While we still have a little further to go, it’s nice to see some form of common sense returning to the American people.

It seems to me that Americans are intuitively catching on to the fact decentralized threats (whether your standard criminal or other more politically motivated) require a decentralized approach to solve.

In other words, Americans seem to be realizing that because they can’t carry around cop around in their back pocket, and because police are not obligate to show up to the fight (not because they don’t want to but because there are just never enough of them), that it’s much better to be ready to deal with any life threatening situation all on their own.

The good news here is that because increasing ones personal security and that of your loved ones only take small acts of will, applied in short bursts of concentration (in conjunction with the right kinds of training), in order to learn the skills required to secure yourself, your loved ones, and your community. As with all things in life you are only a decision away from knowing the confidence and peace skill at arms can bring.

Sixty-three percent (63%) of Americans with a gun in their household feel safer because someone in that household owns a gun.

The survey of 1,000 American Adults was conducted on April 11-12, 2016 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.

Voters still tend to oppose stricter gun control, perhaps in part because few think tougher gun laws will reduce the level of violent crime in this country.

Americans in nearly every demographic category strongly agree that most people purchase a gun for self-defense. Few think they have a criminal act in mind.

Men are more likely than women to say there’s a new gun in their immediate family. Women feel more strongly that it is too easy to buy a gun in America.

Source: Rasmussen Reports

What if… we turn carbon dioxide into sustainable concrete?

A historian of note had once observed that there is no such thing as a “natural” resource, rather there are only “potential” resources.

By way of example, the lumber and stones that were cleared on family farms here in Illinois were (at best) looked at as a temporary resource which quickly became an excess of lumber and rocks that had to be stacked for future use/sale, or in the case of the lumber – burnt to make way for farmable land.

In this sense the CO2 that could be (potentially) harvested, has gone from a waste material and pollutant, to becoming a resource that the manufacturers of CO2NCRETE would be willing to pay for (or receive for a nominal, free, or paid basis) in order to provide cheap building materials that can in turn, be sold for construction use.

– – –

“A UCLA research team has developed a plan for capturing carbon from power-plant smokestacks (the largest source of harmful global greenhouse gas in the world) and use it to create a new building material — CO2NCRETE — that would be fabricated using 3D printers while replacing production of cement (which creates about 5 percent of the planet’s greenhouse gas emissions).”

Read more here – – ->  KurzweilAI

Can Illinoisinans Wrestle More Concealed Carry Rights From the Hoplophobic Bureaucrats?

The Pekin Daily Times (Pekin, IL) ran the article Proposed bill would expand concealed carry, which maintains that concealed carry laws may become less restrictive – provided of course that common sense and hard work once again prevail over growing minority of the hoplophobic, security challenged, and economic illiterate bureaucrats of Illinois.

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