Soaking the Rich--What's Triviial, What's Possible

I had an early response to Megan McArdle this morning--without doing a lot of work to reconstruct: she wrote that soaking billionaires as Sen. Warren now proposes as part of her financing of Medicare for All would contribute a "trivial" amount; I responded her definition of "trivial" must be different than mine.  Apparently (because I still don't understand Twitter fully) that became part of a bigger discussion.  Coming back to the exchange this afternoon, the points seem to be that billionaires may have between $2 and $3 trillion in wealth, and taxing them as Warren proposes would produce around 4 percent of the total cost. 

Meanwhile Kevin Drum has done a preliminary analysis of the proposal here.  It's a convenient summary but very preliminary.  Anyhow, over 10 years he shows total costs as $52 trillion, the contribution of a 6 percent tax on billionaires as $1 trillion.  That means a contribution of 2 percent of total, which would, I agree, qualify as "trivial".  (IMO 4 percent is a tad above "trivial".)

I should make it clear I'm as ambivalent about soaking the rich as I am about many things.  I've seen the reservations of many on the right, particularly about the difficulties in collection (bureaucratic efficiency is always a big consideration with me.)  But disregarding those issues, here's how I think of it today:

• I'm told I can withdraw 4 percent of my savings (TSP, IRA) each year and likely maintain my capital.  Anything over 4 percent is likely to cause to me to exhaust my savings.
• Based on that, it seems reasonable to hit billionaires with a 4 percent yearly tax--their fortunes wouldn't diminish, on average, and any especially productive or lucky entrepreneurs could increase them.
• Going over 4 percent is killing the goose--you can be decreasing inequality, which is good IMO, but you need to plan to get an alternative revenue source (or finding savings) for the long run.

My opinions are subject to change, particularly as Drum updates his analysis.

Thank You Nationals

It was a great year.  Thanks, especially for the spirit of fun you displayed

Is the Navy Going Sailor-less?

Is a sailor a sailor if she doesn't sail the seas?

"The Navy in its 2020 budget request asked Congress for the first installment on a $4-billion acquisition of 10 large unmanned surface vessels and nine unmanned submarines. Boeing is developing the robotic submarines, using its 51-feet-long Orca submersible as a starting point."

From this article, via Lawyers, Guns & money.

Interesting that Boeing is involved--an example of how new technology can disrupt established patterns?

The Bad Old Days--My Dead Cousins

I was the youngest of 8 first cousins, 2 children in my family, my paternal uncle had 2 children, one maternal aunt had one child, the other had 3 

Those figures are what I was aware of.  But in fact there were 3 first cousins who died young, 2 as babies and 1 at age 7.

My point: if I rely only on my personal experience life in the US looked good and safe, but that's misleading because I don't see my whole cohort, just the survivors.

Second-Generation Migrants Do Well

NYTimes reports on a study comparing the economic status of second-generation immigrants--the children of immigrants--to the child of comparable native Americans. Almost without exception the second generation from whatever country does better than the natives.

The study suggests that the difference relates to where the sons lived--living in urban and growing areas was an advantage over living in rural and stagnant areas.  That makes some sense, although as I comment, there's a big range in the results; I'd suspect a range too great to be explained only by location.

What's not emphasized in the article is the fact that immigrants are able to advance, better than natives.

The Unpopulated United States

When we go up to Rhinebeck, NY for the Sheep and Wool Festival, we usually take US15 to Harrisburg and either I-78 or I-81/84 to I-87.  Either way, but particularly the latter, leads through sparsely populated areas, but even the more populated areas don't seem particularly densely settled.  

According to this site some of the counties have less than 100 people per square mile.  Reminds me of James Carville's crack about Pennsylvania being Philadelphia and Pittsburgh with Alabama in between. 

You can guess that all those sparsely settled counties vote Republican, then and now. 

The End of the Clerk-Typist?

OPM is proposing to end job classifications where there are fewer than 25 occupants across the Federal government.  One of the occupations is "clerk-typist"!!

Once clerk-typist was a very common job--when I joined ASCS there were 2 or 3 in the Directives Branch.  Typically people would move to a secretarial position or a more specific position after they'd acquired some experience in the office.  Clerk-typist was an entry position, basically requiring you to pass a typing test.  IIRC 40 words per minute with minimal errors.

Duuring the early 70's there was a Work-Study program. Much is fuzzy here; I don't remember what the program objective was--"diversity" as we'd say today, perhaps, or maybe just opening a new way to recruit clerical employees.  And I'm not sure of the details at this remove--I think high school students, perhaps seniors, spent time on the job during the school year and particularly during the summer.  As I recall we had two students from DC, who happened to be dating, I think.  Both were good and we were short-handed so we wanted to make them both permanent, but to do so they needed to pass the typing test for the clerk-typist position.  Not to be sexist but of course the woman qualified easily, while the man had problems.  With the help mainly of the management technician in the office he took and retook the typing test until he finally passed, to the pleasure of his new co-workers.

They married a couple years later.  Over the years they advanced within ASCS, ending as professionals.

A Good Provider Is One Who Leaves

That's the title of Jaon DEParle's new book.  It's an interesting read--DeParle moves between the saga of an extended Filopino family's travels and travails in working in the Middle East, in America, and on crruise ships, all the time sending remittances home to support and boost the living standards of those left behind, and a more abstract description of patterns of emigrant workers and migration since the 1965 changes in US immigration laws. 

Points stood out to me, as new and unexpected:

1. the importance of the family network, emigrants providing money to those left behind, who in turn provide care for the children of those emigrant workers, possibly becoming closer to the child than their natural parent
2. the significance of cellphone technology in vanquishing distance and maintaining family ties., 
3. The variety of experiences, working all hours, getting involved in scams and means of making money on the side, or illegally, getting exploited by middle men and losing money through ill-advised expenditures (country rubes fleeced city slickers(.

Proud To Be "Human Scum"

My cousin identifies as a Republican, though she's recently voted mostly Democratic.  But she appreciates President Trump's calling his Republican critics "human scum". She's planning a t-shirt with that motto to fluaunt that honor to the world.

I don't qualify for it--rather like Americans can't really be knighted by the Queen, I'm left standing by the side, envious.

Updating Voter Lists

This article described the open process being used in Ohio.  They proposed to purge 235,000 inactive voters, but found that 20 percent should not have been purged.

They used an open process-generating a list, then making it public so interested groups could find errors.

Although liberals tend to be suspicious of these exercises, I had enough experience with maintaining name and address lists to be open to it.  These days bytes are cheap, and computers fast, so there's less need to keep the list clean and purged of old data.  But a clean list is still good:

1. although the process of checking voter id against the list may be automated, as it is in Fairfax county, there will be times when a human has to get involved. When that happens the cleaner the better, so there's less likelihood of confusion and mistakes.
2. although fraud--impersonating a voter--is vanishingly rare it can happen, and having dead people on the voter list is one vulnerability.

In my ideal bureaucrat's world, there would be a master register for all residents, so checking could be automated.  But that's never going to happen in the U.S., so this open process seems to me to be the nezt best thing.