Comment Re:Too many EVs (Score 1, Insightful) 94
EVs would be residential, not wholesale, pricing.
Big AI Data Centers would be wholesale pricing.
EVs would be residential, not wholesale, pricing.
Big AI Data Centers would be wholesale pricing.
I guess I should clarify. In addition to "just the W2" there's also a monthly, quarterly, or yearly payroll tax report that goes to the IRS, along with a whopping large check for the withholding, as part of normal payroll processing. Different companies do different reporting standards, of course. But they're getting the data a lot more often than you think, just from the money paid in *during* the year, before the return is filed for.
#2 is already happening, that's what the Internal Revenue Service *does*.
50% revision from a survey is not consistent or predictable.
But we do know the answers- just use the information reported to the IRS from every employer doing business in the United States instead.
Maybe we shouldn't need to report the same data to multiple agencies? Estimated taxes, 1099s, and W2 information is already available from the IRS. You don't need to "survey" anybody, you can get down to the penny reads on the entire economy.
14 years ago I picked mailchimp because it could read RSS feeds from my Knights of Columbus blog and send out daily digests.
We had a small form in an iframe allowing people to sign up to get the digests.
This year, something broke in the "detect a human" code for that small form, and I am getting hundreds of thousands of signups of the form "valid email address" "gibberish first name" "gibberish last name" and I can't figure out why.
Mediterranean resorts do quite well, as I remember
Is there some racist reason in South Carolina that poor people can't move to Appalachia on the other side of the fall line?
Or, gasp, abandoning non-viable coastal cities.
Wouldn't it be better to relocate the people rather than build the sea wall, and just depopulate Charleston which is no longer viable as a city?
There is no privacy, and privacy apps are only used by scammers and criminals anyway.
https://en.wikipedia.org/wiki/Stratospheric_aerosol_injection SAI certainly does have more promise than most I've seen. Thank you for the link..
I'm all for replacing coal with nuclear, deep water siphons, tidal generators, wind, solar, and ground loop air conditioning.
All the better if it's done for the right reasons- and in a way that takes advantage of the ambient energy of the earth, rather than fossil fuels.
I just don't think you're going to stop global warming that way- at all. We've done too much damage, and it's out of our hands now.
There are sound distributist economic reasons for switching to ambient energy, not the least of which is that the grid is based in fraud.
Nothing like clicking on the wrong thing and losing the post.
What I want them to do is to use the data the IRS is already collecting quarterly if not monthly. Every legal employer is reporting, either W2 or 1099. You know down to the smallest part time job who is working legally.
You will miss illegal workers this way, but the numbers HAVE to be more accurate than surveying 60,000 households to guess at what 400,000,000 people are doing.
I concur. The unemployment rate is about 4% and even the more padded U6 unemployment rate is below 5%
Those are normal.
Under condition when unemployment rates are normal the primary job of the federal reserve is to bring down inflation. It's not simply a good idea. It's their mandate
The fact that there are more jobseekers than jobs is also close to normal. There's always a mismatch between jobs and jobseekers.
It may well be that those jobs are demotions or involve moving etc..
So the Fed has done everthing correctly.
But now they are on toes because we have the immigrant labor leaving and hightarrufs.
While those might increase the number of jobs available it might not fund takers. And both will cause supply side inflation. Simultaneously extending the tax cuts and the debt ceiling means the high rate of pumping debt into the economy will continue.
So the Fed is in an uncharted territory . It could mean high inflation is coming. Most likely. But it could mean a recession. You love the rate in opposite directions there! Most likely is both: stagflation. Which is awful. We did the stagflation experiment in the early 70s and tried both spending into it and later raising interest rates sky high. Only the latter worked.
Fed is exactly doing the right Thing by being watchful
Let's organize this thing and take all the fun out of it.