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Comment Re:We borrow money from China to fund corn... (Score 1) 586

"Guaranteed minimum income" is just another way of saying "subsidies that avoid the phase-out problem". And the thing is, supposed the GMI is $10k , and then a 20% (marginal) "tax" kicks in at $50k. At $100k income, you're still getting your "minimum income" , but you're also paying the same amount in "tax". Money's fungible, people should not get all hung up about the labels attached to it, just figure out subsidies and tax codes so you have a healthy economy, enough money to run the government, and you avoid pathologies like the way current subsidies getting turned off in a narrow income band provide such a disincentive to work.

There is another way to provide a "guaranteed minimum income" (though it is more of a Pigovian wage subsidy). The poverty line in 2008-9 for a single person was $10,830 per year. At 40 hours per week, 52 weeks per year, you have 2080 hours, which means the poverty line is about $5.21 per hour for full-time employment. If I remember correctly (it's been awhile since I scribbled out the numbers), that's about 28% of total wages and income in the United States.

If you have add a flat 28% rate to everyone's current tax rate, and give a wage subsidy of $5.21 an hour (up to 40 hours per week) for gainful employment to all American workers, you have a break-even point of roughly $38,700, or a bit below the median income. If you graph out the effective tax rate, it is a smoothly progressive curve. At no point along this curve is there any disincentive to to work* -- there isn't a higher tax bracket to be kicked into. With a such a work subsidy in place, you can remove Federal minimum wage laws and greatly reduce welfare and unemployment payments (remember, every American is guaranteed at least the poverty line for full-time employment, plus whatever wage they can negotiate with their employer).

* Well, okay, above $38,700, you have a higher effective tax rate than you have currently, which may be a disincentive. On the other hand, those earning below $38,700 are getting a lower effective tax rate, so they would have a greater incentive to work, and these are exactly the low-skilled, entry-level workers we want to bring into the labor market to gain marketable skills.

Image

Firefighters Let House Burn Because Owner Didn't Pay Fee Screenshot-sm 2058

Dthief writes "From MSNBC: 'Firefighters in rural Tennessee let a home burn to the ground last week because the homeowner hadn't paid a $75 fee. Gene Cranick of Obion County and his family lost all of their possessions in the Sept. 29 fire, along with three dogs and a cat. "They could have been saved if they had put water on it, but they didn't do it," Cranick told MSNBC's Keith Olbermann. The fire started when the Cranicks' grandson was burning trash near the family home. As it grew out of control, the Cranicks called 911, but the fire department from the nearby city of South Fulton would not respond.'"
Displays

Does Anyone Really Prefer Glossy Screens? 646

An anonymous reader asked a question that I've been wondering about too: "I live in a small southern European country where natural light abounds. This may sound good, but it is a pain when it comes to using laptops that come with a glossy finish, making it impossible to work unless you are doing it in the dark. To make matters worse, since we are a small market, most manufacturers only offer a subset of their product line, and don't allow you to choose any options available in other countries (like matte screens). Buying abroad is not an option since we have our own very specific keyboard layout. Why are manufacturers doing this? Does anyone really prefer using glossy screens for day-to-day activities?"

Comment Proxy voting would work well (Score 1) 375

This post is long, late, and buried, but proxy voting would work work better than either plurality or cumulative voting. Each person gets a single vote, but each representative (in this case, the six trustees) would get voting power equivalent to the number of people who voted for them. It's no more difficult for voters than first past the post (plurality) voting, and it's much more representative of voters actual wishes.

As an example, let's assume a Zipfian (http://en.wikipedia.org/wiki/Zipf's_law) distribution. There are seven candidates -- A, B, C, D, E, F, and G -- the distribution is 1/1, 1/2, 1/3, 1/4, 1/5, 1/6, and 1/7. Normalizing, you A=38.57%, B=19.28%, C=12.86%, D=9.64%, E=7.71%, F=6.43%, and G=5.51%.

Since only six can be elected, candidate G will be left out. You are not representing the first choice of 5.51% of the voters, but more important, the first choice of the voters has six times the support as the last seated candidate. How on earth is it fair to give each the same voting power? Both plurality and cumulative ignore this problem.

Completing the example above, let's assume G's supporters have their second choices spread among the remaining candidates in the same Zipfian distribution. Taking out the 1/7 and normalizing, you have A=40.82%, B=20.41%, C=13.61%, D=10.2%, E=8.16%, and F=6.8%. You have the following minimum voting blocks that can pass any legislation they want:

Two people:
A&B = 61.22% of the voting power
A&C = 54.42%
A&D = 51.02%

Three people:
A&E&F = 55.78%

Four people:
B&C&D&E = 52.38%
B&C&D&F = 51.02%

A is necessary in 4 of these groups
B,C, and D in 3 of them,
E is necessary in 2 of them
F is necessary in 1

The remaining possibilities require one of the above subgroups.

This should give an indication of how voter preference translates into the proxy system more accurately than in proxy or cumulative voting.

Apple

Submission + - John Sculley on Why He Fired Steve Jobs (thedailybeast.com) 2

jacob1984 writes: In the annals of blown calls, it ranks somewhere between the publishers who turned down the first Harry Potter book and baseball umpire Jim Joyce’s instantly infamous perfect-game flub last week. It was the spring of 1985, and the board of Apple Computer decided it no longer needed the services of one Steven P. Jobs. John Sculley credits Jobs for everything Apple has accomplished and still laments the way things turned out. “I haven’t spoken to Steve in 20-odd years,” Sculley tells The Daily Beast. “Even though he still doesn’t speak to me, and I expect he never will, I have tremendous admiration for him.”
Programming

Haskell 2010 Announced 173

paltemalte writes "Simon Marlow has posted an announcement of Haskell 2010, a new revision of the Haskell purely functional programming language. Good news for everyone interested in SMP and concurrency programming."

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