• 0 Posts
  • 223 Comments
Joined 3 years ago
cake
Cake day: June 26th, 2023

help-circle

  • The story of American Independence is one of fighting the foot soldiers of one’s oppressor while doing nothing to actually deal with him.

    And that’s actually history in general. Hitler didn’t have to answer to the world, and neither will Trump. He’s old and senile. He won. I’ve resigned myself to that.

    But what we absolutely need in the aftermath of this insanity is a new round of Nuremberg trials. The world needs to see his minions held to account.

    And we need to be harsh. None of this bullshit where low-level thugs are let off. Every ICE agent who participated in illegal raids and assaults should be imprisoned. Every service member who took part in the bombing of schools or sinking of civilian ships should he court-martialed.

    And for the most extreme cases - we should be merciless. Officers who took part in the murder of the shipwrecked (literally the example of following an illegal order in the Law of War manuals) should be executed for war crimes.




  • That’s how taxation works, but it doesn’t solve government finance by itself.

    The US government has always paid interest on the debt. It’s never missed a payment. That makes it a very stable investment, and until recently it was considered the most stable, predictable investment that could be made.

    That also means the US could have stupidly-low interest on its debts. And because the investment is so safe, it also creates a bottom for interest rates. No other investment is safer, so any time the fed rate goes up, all other loan rates go up as well - otherwise investors would just put their money in the US instead of on a home or business loan.

    That and other factors result in inflation generally being higher than the interest on loans made to the US, which results in a situation where paying cash up front is actually more expensive than getting a loan and paying with future tax revenue, because future tax revenue grows with inflation that outpaces the interest on the loan.


  • Federal government deficit spending works because interest is often higher than return on federal bonds, so it’s literally cheaper for the government to go into debt and pay over a long period than to pay cash.

    Local government can’t do that, but they do have other tools. The one I deal with the most often is Public Improvement Districts where we’ll cut a deal to waive municipal property tax or the city’s sales tax for like 20 years on a big development in return for the developers building the public infrastructure required to support that development, then transferring it to the City. For really big projects, we may even redirect the tax to the developer, which we actually kinda prefer when that 20-year clock times out and you don’t have business owners and residents suddenly getting new taxes they aren’t used to and freaking ALL the way out.

    It’s a deal for the developer because they need that infrastructure anyway, and the only “extra” cost to them is oversizing stuff like wastewater lines beyond what they need, and it’s a deal for the city because those road, water, sidewalk, and wastewater extensions they install with the project end up serving more than just that development.




  • If became effective immediately, by the end of his term Trump would have installed 8 of the 9 justices on the Court, as Sotamayor and Kagan were both first-term Obama appointees.

    The last time this was discussed, the idea was to cycle them out every 2 years, starting with the longest-serving (Thomas) through the newest (Jackson).

    That would result in no change to the current partisan makeup during Trump’s term. If it were to take effect on January 1, he would get to change out Thomas and Roberts, with the next President getting Alito and Sotamayor in their first term, and Kagan and Gorsuch in their second.

    It would actually be ideal to wait until the next President (hopefully a Dem) if the goal was to restore balance, since the first 3 replacements seats were all Republican-appointed.

    Though what would actually happen is the Thomas, Alito, and Roberts would all resign and be replaced by new Republicans right before the law took effect so that the longest-remaining terms were all Republican-appointed when the law takes effect.