Stuff Going On — 05/13/2017

The President of Turkey wants President Trump to not arm the Syrian Kurds, and also to hand over the guy who instigated last year’s coup. The presidents meet in D.C. next week.

♣ Last week I was called for jury duty, but was not ultimately selected. The case was “The State of Texas versus Aaron Gregory Lucas”. The jury found him guilty, and he was sentenced to life in prison. As with his trial in Colorado, he tried to blame the crime on his evil twin brother.

A music machine designed by Leonardo da Vinci is resuscitated. No word on whether Ron Howard will produce a mystery-thriller about the secret code discovered when the instrument is played.

I think Mr. Wenzel meant to say: “It’s Going to Blow”, because “It’s Gong to Blow” doesn’t make sense. In any case, the cure for FedGov budget problems is to cut spending, not raise taxes. Higher tax rates are a disincentive to productive work, which means that incomes are lower, so the taxes collected using the higher rate are collected from a smaller amount of income. It’s an unending spiral to the bottom. I desire that the FedGov cut its tax rates, but even more that it cut the amount of its spending . FedGov spending distorts the economy in numerous unseen ways. By it, the FedGov acquires resources, goods, and services that are then unavailable for market players. FedGov spending also incentivizes firms and individuals to divert resources into satisfying FedGov demands (which are based on political objectives and result in waste) rather than market demands (which are based on market objectives, and thus result in increases in productivity or consumption). Leaving rates where they are and cutting spending (truly cutting, not “reductions in the projected spending increases”) would be a better situation than cutting taxes and increasing FedGov spending–or, even, leaving spending at current levels.

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