Other factors have kept inflation low for quite some time. The Treasury and Fed have been pumping money in at a rather alarming rate, and the inflation rate remains in the target range. Occasional spikes in oil prices notwithstanding, it's been under 2% for most of the last few years. (The September figure was 1.7%; the average for 2013 was 1.5%.)

I don't understand how we're currently having falling unemployment, low inflation, a record GDP, and a booming stock market. Some of that, of course, is dubious statistical measures, but they're the same measures we've always used (more or less). All that fiat currency should be producing huge amounts of consumption and inflation, and it isn't.

I've got a sneaking suspicion that we're looking at another crunch over the next few years as the Baby Boomers start to collect Social Security in earnest, though the first wave of it is already 67 years old. That has already caused us to to briefly deplete the Trust Fund a few years ago, and its growth has leveled off. That's gonna be bumpy.

He was the one who kicked off European colonization and exploitation of the place. Other Europeans who came made only a tenuous foothold. Columbus was the one who said, "There's a place over there, and it's worth living in and taking stuff." He's the reason Europeans in general came to know about it.

It's not entirely out of keeping with other uses of "discover". The OED's first definition is "To disclose, reveal, etc., to others". The fact that it's first is historical, rather than a matter of present usage; the present use "to find out" is also very old. But it also includes notions of "finding out for oneself", i.e. not necessarily being the very first.

All told the OED gives over a dozen different shades of meaning for "discover", and I don't think this one is entirely wrong. It can be misleading, since as you say there were already people there and other Europeans had lived there, but he was an important "first" whatever word one applies.

Still, the Trust Fund seems like a rather odd concept. It's a government promise to pay for... something it had already promised to pay, namely Social Security benefits. If the Trust Fund runs out, it's still on the hook to pay those benefits.

The program was intended to be pay-as-you-go. The SSTF was supposed to be a way to save against the Baby Bust being unable to pay for its parents, but where can you really save that kind of money? No bank can handle it; it would badly skew any stock market you tried to invest with. Effectively, they just dumped it into the general Treasury coffers, where it was all spent. The Boomers are starting to demand it back, and the burden falls right in the place the SSTF was supposed to avoid, their children.

The net effect was just to establish a highly regressive tax (since Social Security money is capped) that Reagan used to pay for a massive expansion of the US Government, doubling spending during his time in office. I used to think the SSTF was just a bad idea, but I'm increasingly coming to the conclusion that it was a deliberate attempt to screw over the poor and the Gen Xers.

Cloud servers with no virtualization and 100% of the CPU? That's what OnMetal is for, motherfuckers!

In Germany, it's written all the way into the Constitution. The very first article reads (in official translation), "Human dignity shall be inviolable. To respect and protect it shall be the duty of all state authority." The second article, about personal development, specifically limits it to development that doesn't contradict the previous part.

That doesn't make the definitions any more concrete, but it does suggest that it's a country which takes it seriously, and the requirement pervades the rest of the national law. I don't know if that can be adopted into a country like the US, where a great many people want their First Amendment rights to trump everything else. I can even see the case for it. It's just that I hear it defended most vocally by people who aren't in a position to be harassed and don't see the way it can interfere with the rest of their lives.

They say that, but I don't believe it. The FairTax still needs to be computed, since some transactions are subject to it, and others aren't. The "prebate" system is begging to be gamed.

It seems to me that they're comparing an existing system which has decades of accumulated cruft to a brand new one which will accumulate equal amounts of cruft. I'm all for sweeping out the existing system just to reset the cruft counter to zero, but there's nothing special about the FairTax that achieves that. Nor does it particularly explain how they're going to deal with the unfairnesses that come from removing deductions that people counted on to make long-term purchasing decisions. That's a problem any new simplified tax code would have to deal with, but the FairTax doesn't even make for a clear way to phase things out because of the shift from income to consumption as a basis.

Mostly, though, I think it's disingenuous of them to claim benefits that could apply equally well to any new tax code, and to claim that the cost will be zero when that's clearly not the case.

The "FairTax" isn't an income tax, but a sales tax. That's how it gets around the complexities of determining income.

And replaces them by the difficulties of determining a "sale". Stock sales aren't sales, for example. Neither are business-to-business sales. Only end consumer consumption is a "sale". (And it introduces vast new ranges of fraud. "Oh, we didn't eat that food. It was purchased by The Jones Household, Inc, which is a corporation and therefore not subject to tax.)

Making a progressive sales tax is harder than making a progressive income tax, because it's collected by each merchant, and there's no single record of how much you've paid so far. And the sales tax is very regressive, since poor people spend all of their money, while the wealthy make "investments". (Buying a house is a sale; buying a factory is an investment.) They combat the obvious regressiveness of it with a "prebate", a kind of guaranteed poverty-line income. (And a whole new realm of opportunities for fraud.) That means that the poor pay less. And the wealthy pay less. So to take in the same total revenue, the tax on the middle class goes up.

There are reasons to do a consumption-side tax, and it can be implemented more or less coherently with a value-added tax rather than a sales tax. (You set money aside every time you receive it, and pay it every time you spend. The net effect is that if you buy something and sell it at a higher price, the net tax is only on the profit. It applies on every single transaction, which is a lot of overhead but it eliminates a lot of meaningless distinctions.) It's still regressive, which can be fixed by a progressive income tax on high-dollar earners. I suspect that's what Gates is calling for. It's very different from the FairTax.

There are problems with that as well; there's problems with any tax system. But it's not the obvious attempt to shift the burden to the middle class, as the FairTax is.

Exactly. The FairTax is highly regressive, because it taxes spending. The poor spend all of their income; the wealthy don't. It tries to make that less obvious with its "prebate", sort of a guaranteed minimum income, which removes some of the burden from those below the poverty line.

If the burden isn't on the poor and it's not on the wealthy then it *must* rest on the middle class. Proponents seem to want to play a shell game, but the fact is that if you want to remain revenue neutral, somebody is paying. And if it's not revenue-neutral, then the deficit must go up, because shifting the income side doesn't change the spending side.

The thing I find most distressing is that it's not the tax brackets that make taxes difficult. Computing the brackets is simple arithmetic. The difficulty comes in computing what counts as income, what we want to exempt, and the myriad tax breaks we use to nudge the economy. It would be easy enough to design a progressive income tax that doesn't have all of those features, and it would be at least as simple as the FairTax (without its ludicrous and fraud-prone "prebate"). But of course they're not really about simplicity. They're really about shifting the burden away from the rich.

Intelligence is a lot like money.

Those who've always had an abundance generally either think its no big deal, because they've never suffered the limitations of not having enough, or look down on those with less and consider them inferior.

Those in the middle have enough to see the benefits of having more, and want to improve themselves in order to get more.

At the bottom this analogy falters, but I think the point remains. It's easy to dismiss making the rest of the population smarter when you're already smart and not suffering the limitations imposed on those with less to work with. I find the notion that we shouldn't meddle and just leave those who draw the short genetic-straw to be cruel and self-serving. If the lowest common denominator is raised, chance are the whole society benefits, the world becomes a better, more thoughtful place, and the overall pie grows accordingly.

OK, thank you. THAT is news. But that's wasn't the spin most sources seem to be putting on the article; they seemed mostly interested in rehashing the old news.

I heard frequently during the war itself that we HAD found chemical weapons, mostly from pro-war proponents. I gather that it was talked about all the time on Fox News and right-wing talk radio.

And the reply, even at the time, was that these were weapons from the first Gulf War, mostly inoperable or unreliable due to age, and likely forgotten about. They weren't part of an ongoing production effort, which is what we'd been told. There was widespread support for the war, at the beginning, based on that, which faded as we realized that the danger had been badly overstated.

So I'm trying to figure out what's new here. I had the impression that this was well known. Is it that it wasn't more widely, discussed because the Pentagon wanted it not to be?

Can't the dam guys just let the water go without having it go past the turbines?

That's OK, you also misspelled "exaggerating", so I didn't notice ;-)

Mostly, yeah, it's pretty exaggerated as AI. It's potentially an interesting piece of work, but I always get skeptical when the PR departments feel they have to exaggerate.

Holding a 36 pound tool at arm's length is gonna tire even you out, grandpa.

Thanks. Cripes, would it have been so hard to define it in TFS?