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Comment Re:Social mobility was killed, but not this way (Score 2) 1032

You mean the government? The government did the bailouts after the government drove up the price of housing by pushing for unsustainable loans. It's been HUD's policy since the early 90's that every man, woman, and child should own their own home and it's a fantasy turned nightmare. It began slowly under Clinton wherein the undermining of mortgage underwriting standards began, then rapidly picked up pace under Bush when a solution to the problem was found (getting the bad loans off the books and into the hands of VCs).

The original problem was created by the Federal government's absurd idea that everyone should own their own home (impossible, ridiculous to even consider otherwise). When the market found a way to solve that problem (as it invariably will), we were off to the races in prices as demand went through the roof and supply was left hopelessly far behind. When the whole thing crashed, the government bailed everybody out who mattered.

Why doesn't he deserve a bailout? Because at some point we should stop perpetuating the ridiculous policies that got us into this mess.

Comment Re:Social mobility was killed, but not this way (Score 1) 1032

Are you suggesting that the art history professors should work for substantially less? That the classes should be taught in substantially cheaper (both to build and to maintain) classrooms? That heating, air conditioning, electricity, and possibly running water should be cut from those classrooms? That art history students not have access to other campus classes or facilities or resources?

Because if you aren't, then what you're suggesting is that students in other majors should pay extra to subsidize the art history students and others whose major isn't worth the cost of a university education.

On a fundamental level, I agree that higher education shouldn't cost so much, but you'll have to speak to the government about that. By pushing every single person toward getting a college degree and providing them what is essentially a blank check to make it happen, we've massively spiked the demand side of the equation. What happens when demand goes through the roof and supply is left hopelessly far behind? What's worse, normally the market for education could correct by pricing some people out of it, but in order to further the goal, the government has provided a means by which anyone can get virtually any level of funding for any sort of educational goal (whether or not it has any chance of ever paying for itself in the lifetime of the student). Thus, an art history major can get loans exceeding that of most home mortgages with no income and little income potential.

Want to fix the costs behind higher education? Pull all government subsidies for students and redirect that money to colleges and universities with a history of successfully educating students (e.g. job placement percentages, 5/10/20-year outcomes for alumni, etc). Further, erase the legal absurdity making student loans the hardest of all loans to kill. That's the other half of the problem. Finally (and this is the hard part for most people), accept that quite a number of low-income students will find some or all higher education out of their reach. This can be partially offset by directing some of the aforementioned subsidies toward apprenticeship based learning (e.g. pairing young adults up with electricians, plumbers, etc).

And what does that do? It spikes the supply side of the education/training equation. Suddenly there's more supply and it's cheaper to do it than it would be with no forces acting within the market. That brings down the prices while incentivizing higher performance for the institutions (who have zero incentive now beyond whatever sense of benevolence exists at each college or university among the staff). It doesn't bring down prices to the point where everyone can do anything they want, but that's a fantasy anyway (as some are starting to grasp). Sure, you can push everything through higher education and they can do whatever type of studies they want, but many if not most will end up in crushing debt for decades unless they've chosen something with extremely high earning potential. And if (as you state) the purpose of higher learning is not simply to make more money, then we're doing it wrong.

Comment But the tapwater lights on FIRE (Score 2) 266

So I don't claim to be an expert on this, but unless the videos and various accounts of residents nearby significant fracking sites are outright fabricating their stories as part of a massive conspiracy, their fucking tap water can burn seemingly indefinitely once fracking has sufficiently fucked up the local environment. That's pretty messed up. At the very least, the fracking companies should be required to provide a constant supply of clean, drinkable, non-flammable water in place of any water supply they're ruining. Further, they should compensate the homeowners for the additional risk of being surrounded by enough flammable gases that water ignites. Finally, once this whole earthquakes thing is settled, they may owe a lot of people a whole lot more in compensation.

And with all that said, I have no problem with the practice so long as residents are properly informed of the practice, its approval process, the risks involved, and the path to a quick and simple compensation method whereby they can be made whole in the event of any ill effects from the practice.

Comment Curious... (Score 4, Interesting) 1094

What happens to those who were making $15/hr or $16/hr? They're likely frequenting places full of minimum wage workers and their costs will now rise - inevitably - to at least some degree because of this. Further, they've all now been reduced to minimum wage (or close thereto) by the stroke of a pen.

Beyond that, how many jobs will now cost enough that automating them starts to make good financial sense? How many people with little to no skills - especially those without a good education who are most in need of steady legal employment - will find that their lack of marketable skills make them not worth hiring at this higher price point?

This is the kind of feel-good thing that bring down the middle class, raises some in the lower class (those lucky enough to ride the wave), and leaves behind large swaths of the most vulnerable people. What's going to happen is that people with little to no marketable skills in surrounding areas will get hired at the state or Federal minimum wage, gain some valuable experience, become more valuable employees, and then move or commute into LA to take jobs from poor, undereducated residents. This is an anti-poor measure masquerading as a hand-up. It will drive the middle class further down the chain (by negatively impacting their purchasing power), reduce the number of available jobs for everyone (and especially for residents), and drive many of the poor right into the ground.

Mark my words, within 5 years of this taking effect, all or nearly all indicators of poverty will worsen in LA.

Comment Re:The UK, trying to beat China, NK at their own g (Score 1) 118

Did you think rights just floated down from the sky, mana from heaven?

No, they're inherent to the fact that we're living, sentient beings with dignity and value.

All rights are given.

No, rights cannot be "given" because something given can be taken away. Privileges are given and privileges can be taken away. Rights are inherent (see above) and can only be infringed inasmuch as we allow them to be.

That doesn't mean that, as you claim, there is no such thing as the word "rights" and every time anybody says "rights" they really meant "privileges."

Strawman; no such claim has been made. Precisely the opposite. On the other hand, sometimes people say "rights" when they mean "privileges" and vice versa.

It does mean that words have context, and that the meanings don't always align with extremist principles.

There's nothing extremist about living, sentient, valuable individuals having rights. Whether you believe they're inherent to the existence of that individual or endowed upon them by their creator is irrelevant. In either case, the individual is naturally provided with their rights as a fundamental component of their existence. Once this is understood and accepted, it becomes obvious why no law or act of violence can rob you of your rights; rather, merely infringe upon their free exercise. As limited creatures, we lack the requisite ability to alter the fundamental nature of mankind.

Put another way: you can prevent me from exercising my right to self-determination or my right to self-defense, but you cannot eliminate those rights. You can - at worst - kill me.

Comment Re: Whatever... (Score 1) 142

Inherently illegal isn't really a thing. Maybe you mean immoral?

No, I mean illegal. The US Constitution recognizes that there are things beyond the reach of any government's authority and by their very nature, such things cannot emanate from the government. Ergo, violation of such rights is inherently illegal regardless of what laws or judges or kings and queens might say or do.

In any case, courts in the US have been just fine with authorizing the killing of schoolchildren. None of the involved parties fried for it. http://en.wikipedia.org/wiki/G...

Regardless of the unfortunate case you cited and the suspicions that a grave injustice was done, capital punishment is not murder by its very definition. To clarify my example, the Supreme Court cannot order or authorize me to go out and kill random schoolchildren. They can order or authorize the capture and punishment of a person convicted of a capital crime, but they lack the requisite authority to allow or require that I go kill innocent people.

Comment Re: Whatever... (Score 1) 142

There are things the state cannot grant or authorize because they would violate the rights of the people. The US Constitution recognizes some of that (at least on paper; in practice...). The government lacks the requisite authority to authorize those rights to be denied or revoked.

When they do it anyway, all involved should be hauled off to prison, even if it takes an army of the people to do so.

Comment Re:"Ends spy agency bulk collection of phone data" (Score 1) 142

It looks like they are trying to say that, in order to bulk collect data, they must have a specific search they are running that involves a specific telephone line. See SEC 201.

Can someone define "tangible things" as in "SEC. 103. Prohibition on bulk collection of tangible things" or "“(i) Emergency authority for production of tangible things."

Well I'm sure the Executive branch can define it for you, though you may find the particulars of their definition convoluted and self-serving.

Comment Right back to the Soviet days (Score 1) 268

This is just like the old days where everyone (except the rich) in Russia got inferior quality (and quantity) stuff to avoid the evil western companies run by their evil capitalist masters. Now mind you, the moment the government stopped enforcing that restriction, it was as though floodgates had opened, but I'm sure this new era of restrictions will enjoy some popularity for a little while. Once that's over, few will have the guts to complain openly.

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