Wednesday, September 29, 2010

Paladino Email

Paladino and his racist email. I'm sure there's a distinction to be drawn between racist emails and racists, so to be fair, we should note that not all racists use email.

But, you know, the Tea Party isn't racist, it just supports racists.

Thursday, September 23, 2010

How can a poor man stand such times as this and live?

Just a quick follow up/final thought (for now) on this Todd Henderson incident. If you and your spouse are pulling down somewhere between $250,001 and $400,000 per year and you are worried about the impact of Obama's tax cuts, that's understandable. And, if you're worried about having to fire "the (legal) immigrant from Mexico who owns the lawn service we employ", that's admirable. Why doesn't he just explain his situation to the guy that cuts his lawn? He could just say, "Hey, pal, I'm sorry that we can't afford the $20/week we had been paying you to cut the lawn. See, there's this tax hike coming that may or may not raise our taxes because we make somewhere between 250k and 400k a year. Could you cut us a break during these tough times and cut the lawn for $10/week?" Just level with him. The guy mows lawns for a living, so he's got to understand the plight of the working man.

Sunday, September 19, 2010

It ain't easy living easy

A man plays a tiny (and likely quite valuable) violin here.

The response from Michael O'Hare:
Because Obama proposes to let the Bush tax cuts expire only on “incomes above $250K”, I was surprised that Prof. Henderson expected to be importantly worse off under the president’s plan, so I went here and plugged in what seemed to be reasonable numbers. He says his family’s “combined income exceeds the $250,000 threshhold for the super rich (but not by that much)” . I tried $140,000 each for him and his wife, $5000 in charitable deductions, and a 5% mortgage on a million-dollar house, which is what would cost about $15K in property tax per year in Chicago, with 80% 20% down [thanks JHA]: $40,000 per year in mortgage interest.

Under Obama’s plan, his federal tax would be $48,333, and his Illinois tax about $8400 (3% of AGI). Under current law (Bush tax cuts), $55,600 + $8400. Oops; what happened? Obama will greatly ease his AMT hit, and his taxable income is less than the $250,000 cutoff. If all the Bush tax cuts expire, his income taxes will be the same as now, $55,600, again because of AMT changes.

But wait a minute: he says he’s paying “nearly $100,000″ in state and federal taxes, not including sales tax; let’s say $95,000. Leaving out his property tax, that’s $80,000 in income tax. How much income would lead to this kind of tax hit? I had to experiment with the calculator a little, but it’s a little less than $170,000 apiece. So his pretax family income exceeds $250,000 by at least $90,000. But this doesn’t include tax-free contributions to their 401Ks: anything they are socking away for retirement adds to his actual income; unless they’re at the $33,000 limit they must just like to pay taxes, or are too stupid to be walking around professing and treating sick kids. So we’re pretty close to $400K gross income, and on top of that their employers are surely putting money into their retirement funds. I guess $150,000 is “not that much” in some circles.

He is also whining about his and his wife’s education loans, $500,000, which are costing them about $50K per year in interest. Let’s just sketch out the family budget here:

Taxes $100,000

Housing* $65,000 mortgage + 15,000 insurance & maintenance = $80,000

Two really nice cars $.70/mile x 15,000** miles = $10,500

Student loan payments (20 year amortization at 10%) = $60,000

*Why a couple with a half-million dollars of debts decides it needs a million-dollar house in Chicago, where the Hyde Park average price ” near their work” is a third of that, is not entirely clear. Also note that $25,000 of this is going into their own pockets, building equity in their house.

**They live near their work, so this is probably generous.

This leaves about $90,000, a lousy $245 a day, for food, clothes, vacations, cable TV, and like that. You can walk into Nordstrom’s on Upper Michigan and spend that in a minute, and for stuff you really need. Really, I don’t know how these people get by; their adaptive skills, economical habits, and modest living style is an inspiration to all of us. Perhaps they are careful to tip no more than 15% at the Sizzler when they splurge.

So how does our third-of-a-million-a-year law prof/doctor couple and their three kids, barely scraping by already and falling before our eyes to the very bottom of the top 1% of US families by income, make out under Obama’s rapacious soak-the-rich commie attack on all that is holy and American and fine? Wait for it; take a guess before the jump:

His taxes will go down $3700; he can buy one of those ties every two weeks! And this guy is threatening to fire the gardener and the house cleaner, take the kid out of art class, turn off his cell phones, and try to raise competent adults with only basic cable. Prof. Henderson, I’m ashamed to share my profession with you.


HT to Brad DeLong.

Wednesday, September 15, 2010

Nagel on Strict Liability

According to Thomas Nagel:
Strict liability may have its legal purposes, but seems irrational as a moral position.


I think that's at least half wrong. Not sure about the legal part, but the moral part is off base. I've been thinking about doing some "experiments" to see what the folk think. The data I've seen suggest that the folk buy into strict liability as a moral doctrine. It's one of the few times I think the folk are alright.

Sunday, September 5, 2010

The chart that explains everything!

If you want to know why so many Americans are pissed about jobs and primarily pissed at the Dems and the Obama administration, here's a helpful chart:




What's this chart a chart of? It shows monthly job losses or gains in the private sector since the start of the Great Recession. Red bars are months under the Bush administration and blue bars are months under the Obama administration.

Really, I think the chart explains everything.

Bleg: Non-propositional evidence

I'm looking for discussions of non-propositional conceptions of evidence. In particular, I'm looking for articles or books where someone argues for a non-propositional conception of evidence.

Here's what I have already:
1. A sufficient stock of authors arguing for a propositional conception of evidence.
2. A sufficient stock of authors who speak of evidence as non-propositional without offering arguments.
3. Material from Moser, Davidson, and Pollock in which they offer reasons for thinking of evidence in terms of something other than facts or propositions. I've also collected more material responding to these arguments than I need.

If there's something you've seen that's worth taking a look at, please let me know. I'm working on a writing project where it would be good to have a discussion of propositional vs. non-propositional conceptions of evidence.

Thanks!

Friday, September 3, 2010

3 Quarks Daily

There's a contest going on and you can vote on which blog post you like best here:

Contest

Meant to post earlier, but I've been swamped with start of the semester/new apartment/misc. obligations. Saw a tweet earlier about this telling people to go vote for a particular person's posts. There's money involved, so I don't think that's totally appropriate. First they burn our armchairs and now they're pulling for a result in a poll...