Showing posts from October, 2015

The IRS Fetish

I thought of this upon hearing comedienne Sarah Silverman talking on NPR's Fresh Air show.
"My dad raised us to respect taxes and know that its an honor to pay taxes. And it goes to people who need it, and highways, and schools, and that's what makes our country great, and the more successful you are the more you can put into the ante..into the help make our local communities and our bigger communities great." This is a new thing among Democrats, this tender soft-spot for taxes--taxes for their own sake, ignoring any specific program--because we're suppose to accept that the programs receiving the dollars are worthwhile without consideration. I've recently heard Chris Hardwick, Jon Stewart, and David Letterman apologize for making jokes at expense of the IRS. The IRS!
To be frank, there's something unAmerican about that, and I don't use that word lightly as does Harry, Reid, Nancy Pelosi, Dick Durban, and Barack Obama.
The short of it is th…

Price is No Obstacle

Self-driving cars, opportunity costs and idle gold You'll have to register to read it.
"We argued...that the economics of self-driving taxis don’t necessarily make sense.Which is to say, we’re not entirely convinced (at this stage) that self-driving taxis will be any more or less affordable than those driven by humans. " That is irrelevant. The economic value of self-driving cars is that people who are currently driving taxis will do something else productive that can't be automated right now... Likely something that is either not being done now or is under-served based on the desire of the public. We should hope that self-driving taxis WILL (without general inflation or legal mandates) become increasingly expensive because that means that the value (productivity) of those hired trips is increasing. People freely pay for things only if they think the money they have is less valuable than the thing they want.

I think the misconception is this: The writer think…