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    <title>Michael Williams – Master of None</title>
    <link rel="alternate" type="text/html" href="http://www.mwilliams.info/" />
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    <id>tag:www.mwilliams.info,2007-12-25://5</id>
    <updated>2012-02-09T18:26:59Z</updated>
    
    <generator uri="http://www.sixapart.com/movabletype/">Movable Type Pro 5.12</generator>

<entry>
    <title>Ruled by Laws or by Men?</title>
    <link rel="alternate" type="text/html" href="http://www.mwilliams.info/archive/2012/02/ruled-by-laws or-by-men.php" />
    <id>tag:www.mwilliams.info,2012://5.27706</id>

    <published>2012-02-09T17:33:28Z</published>
    <updated>2012-02-09T18:26:59Z</updated>

    <summary>$1000 fine for playing on Los Angeles beaches. The Board of Supervisors this week agreed to raise fines to up to $1,000 for anyone who throws a football or a Frisbee on any beach in Los Angeles County. In passing...</summary>
    <author>
        <name>Michael Williams</name>
        <uri>http://www.mwilliams.info</uri>
    </author>
    
        <category term="Law &amp; Justice" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en" xml:base="http://www.mwilliams.info/">
        <![CDATA[<p><br /><a href="http://losangeles.cbslocal.com/2012/02/08/la-county-oks-1000-fine-for-throwing-football-frisbee-on-beaches/">$1000 fine for playing on Los Angeles beaches.</a></p>

<blockquote>The Board of Supervisors this week agreed to raise fines to up to $1,000 for anyone who throws a football or a Frisbee on any beach in Los Angeles County.

<p>In passing the 37-page ordinance on Tuesday, officials sought to outline responsibilities for law enforcement and other public agencies while also providing clarification on beach-goer activities that could potentially disrupt or even injure the public.</p>

<p>The updated rules now prohibit "any person to cast, toss, throw, kick or roll" any object other than a beach ball or volleyball "upon or over any beach" between Memorial Day and Labor Day.</blockquote></p>

<p>The true purpose of this kind of law is more pernicious than it might initially seem.  It should be obvious that the law will not be enforced uniformly or universally... police will apply the law at their discretion.  The true effect of this kind of law is to transform us from a society ruled by <em>laws</em> to one ruled by the whims of <em>men</em>.  The police won't stop a couple of kids from playing ball, but if they see some "undesirable types" "disrupting" the beach they'll use this new law as a pretense for hauling them away.</p>

<p>A good rule of thumb: laws that can't be enforced uniformly and universally should not be passed because they create too much potential for abuse.</p>

<p>(HT: RB.)</p>]]>
        
    </content>
</entry>

<entry>
    <title>SWTOR and Tonsillitis</title>
    <link rel="alternate" type="text/html" href="http://www.mwilliams.info/archive/2012/02/swtor-and-tonsillitis.php" />
    <id>tag:www.mwilliams.info,2012://5.27705</id>

    <published>2012-02-09T15:43:08Z</published>
    <updated>2012-02-09T15:44:51Z</updated>

    <summary>Not enough blogging here for you recently? I blame SWTOR and a severe case of tonsillitis. Unfortunately the latter encouraged the former. But alas, I&apos;m recovering now....</summary>
    <author>
        <name>Michael Williams</name>
        <uri>http://www.mwilliams.info</uri>
    </author>
    
        <category term="Life Stories" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en" xml:base="http://www.mwilliams.info/">
        <![CDATA[<p><br />Not enough blogging here for you recently?  I blame SWTOR and a severe case of tonsillitis.  Unfortunately the latter encouraged the former.  But alas, I'm recovering now.</p>]]>
        
    </content>
</entry>

<entry>
    <title>Annotated Painting -- &quot;The Forgotten Man&quot;</title>
    <link rel="alternate" type="text/html" href="http://www.mwilliams.info/archive/2012/02/annotated-painting----the-forgotten-man.php" />
    <id>tag:www.mwilliams.info,2012://5.27704</id>

    <published>2012-02-02T15:56:49Z</published>
    <updated>2012-02-02T16:01:45Z</updated>

    <summary>&quot;The Forgotten Man&quot; is an interesting painting that portrays all 43 of our presidents and their relations to the eponymous &quot;forgotten man&quot;. What&apos;s most interesting to me, though, is the way that the painting is presented on the website and...</summary>
    <author>
        <name>Michael Williams</name>
        <uri>http://www.mwilliams.info</uri>
    </author>
    
        <category term="Random Musings" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en" xml:base="http://www.mwilliams.info/">
        <![CDATA[<p><br /><a href="http://www.mcnaughtonart.com/artwork/view_zoom/?artpiece_id=379">"The Forgotten Man"</a> is an interesting painting that portrays all 43 of our presidents and their relations to the eponymous "forgotten man".  What's most interesting to me, though, is the way that the painting is presented on the website and the use of a magnifier that can be moved over the painting to get a closer look and to read commentary about each of the elements in the picture.</p>

<p>(HT: RC.)</p>]]>
        
    </content>
</entry>

<entry>
    <title>Google&apos;s Most Profitable Words</title>
    <link rel="alternate" type="text/html" href="http://www.mwilliams.info/archive/2012/02/googles-most-profitable-words.php" />
    <id>tag:www.mwilliams.info,2012://5.27703</id>

    <published>2012-02-01T15:55:03Z</published>
    <updated>2012-02-01T16:39:00Z</updated>

    <summary>Google makes 95% of its revenue from advertising, the the largest share of that comes from financial and insurance companies. What are the most profitable search terms? In 2011 the industry which used Google&apos;s advertising the most was the finance...</summary>
    <author>
        <name>Michael Williams</name>
        <uri>http://www.mwilliams.info</uri>
    </author>
    
        <category term="Business &amp; Economics" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en" xml:base="http://www.mwilliams.info/">
        <![CDATA[<p><br /><a href="http://www.stumbleupon.com/su/2fOgq1/venturebeat.com/2012/01/29/google-advertising/">Google makes 95% of its revenue from advertising</a>, the the largest share of that comes from financial and insurance companies.  What are the most profitable search terms?</p>

<blockquote>In 2011 the industry which used Google's advertising the most was the finance and insurance industry with $4 billion handed over to Google. State Farm topped the charts at a whopping $43.7 million spent. The most common search term in this industry with the highest cost per click was "self-employed health insurance," which charged advertisers around $43 for every time someone clicked their advertisement.

<p>The retail and general merchandise industry holds second place for most spent on Google ads, with Amazon leading at $55.2 million spent. You would think that number would be so high to accommodate Amazon's recent debut of the Kindle Fire, but the most commonly search for keyword in the retail industry was actually "Zumba dance DVD." If we learn anything from common keywords it's that the economy is down, so people are self-employed and want to dance at home for exercise.</p>

<p>Travel and tourism came in third with $2.4 billion spent on Google advertising. Jobs and education came in fourth, and home and garden in fifth.</blockquote></p>

<p>$43 for a single click sounds crazy to me... I wonder if the insurance companies think that's a bargain?</p>

<p>Some other cost-per-click highlights:</p>

<p>$36 - "online video conferencing software"<br />
$35 - "accredited online college degrees"<br />
$27 - "high speed internet deals"<br />
$21 - "funeral flowers<br />
$18 - "online nursing degree"<br />
$16 - "cheap hybrid cars"<br />
$14 - "custom business cards"<br />
$9 - "home air conditioners"<br />
$8 - "new york hotels"<br />
$5 - "zumba dance dvd"</p>

<p>(HT: MG.)</p>]]>
        
    </content>
</entry>

<entry>
    <title>Not For Babies</title>
    <link rel="alternate" type="text/html" href="http://www.mwilliams.info/archive/2012/01/not-for-babies.php" />
    <id>tag:www.mwilliams.info,2012://5.27702</id>

    <published>2012-01-31T14:48:54Z</published>
    <updated>2012-01-31T14:52:10Z</updated>

    <summary>Um... abortion is safer than birth? Getting a legal abortion is much safer than giving birth, suggests a new U.S. study published Monday. Researchers found that women were about 14 times more likely to die during or after giving birth...</summary>
    <author>
        <name>Michael Williams</name>
        <uri>http://www.mwilliams.info</uri>
    </author>
    
        <category term="Science, Technology &amp; Health" scheme="http://www.sixapart.com/ns/types#category" />
    
        <category term="Society &amp; Culture" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en" xml:base="http://www.mwilliams.info/">
        <![CDATA[<p><br />Um... <a href="http://www.reuters.com/article/2012/01/23/us-abortion-idUSTRE80M2BS20120123">abortion is safer than birth</a>?</p>

<blockquote>Getting a legal abortion is much safer than giving birth, suggests a new U.S. study published Monday.

<p>Researchers found that women were about 14 times more likely to die during or after giving birth to a live baby than to die from complications of an abortion.</blockquote></p>

<p>It's not safer for the baby though.</p>

<p>(HT: <a href="http://online.wsj.com/article/SB10001424052970203806504577181062528475708.html">James Taranto</a>.)</p>]]>
        
    </content>
</entry>

<entry>
    <title>Gossip and Honesty</title>
    <link rel="alternate" type="text/html" href="http://www.mwilliams.info/archive/2012/01/gossip-and-honesty.php" />
    <id>tag:www.mwilliams.info,2012://5.27701</id>

    <published>2012-01-30T18:48:42Z</published>
    <updated>2012-01-30T18:58:50Z</updated>

    <summary>Robb Willer argues that telling others about liars is useful gossip and shouldn&apos;t be condemned. We&apos;ve been doing research for several years about the ways in which reputational concerns encourage people to behave. This led us to get interested in...</summary>
    <author>
        <name>Michael Williams</name>
        <uri>http://www.mwilliams.info</uri>
    </author>
    
        <category term="Morality, Religion &amp; Philosophy" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en" xml:base="http://www.mwilliams.info/">
        <![CDATA[<p><br />Robb Willer argues that <a href="http://www.guardian.co.uk/technology/2012/jan/29/gossip-good-research-robb-willer?INTCMP=SRCH">telling others about liars</a> is useful gossip and shouldn't be condemned.</p>

<blockquote>We've been doing research for several years about the ways in which reputational concerns encourage people to behave. This led us to get interested in gossip because gossip involves diffusing reputational information about people in groups. More specifically, we were interested in an apparent tension between the bad reputation gossiping and gossipers have, but how there's a lot of ways gossip has useful social functions.

<p>We found people very readily warned the next person, passing on socially useful information to them. But what was more interesting was the emotional register of the behaviour. As people saw a person behave in a untrustworthy way, they became frustrated and their heart rate increased. But when they had the opportunity to pass a warning on, that reduced or eliminated their frustration and also tempered their increased heart rate.</p>

<p>It is a subset of gossip that involves warning other people about untrustworthy others. We think it is pretty common. We find generous people are more likely to engage in it and they report doing so out of a motivation to help others. It is very different from malicious gossip, which might be driven by a desire to tarnish another's reputation or advance oneself.</blockquote></p>

<p>The Bible certainly condemns <a href="http://www.biblegateway.com/keyword/?search=liar&version1=31&searchtype=all&spanbegin=24&spanend=25&resultspp=250">liars</a> and <a href="http://www.biblegateway.com/keyword/?search=lying&searchtype=all&version1=31&spanbegin=24&spanend=25&resultspp=250">lying</a>, but is identifying a person as dishonest a proscribed form of gossip?  I'd say no, as long as the revelation itself isn't done for malicious or deceitful purposes.</p>

<p><a href="http://www.biblegateway.com/passage/?search=Proverbs+11:13&version=NIV">Proverbs 11:13</a> says "A gossip betrays a confidence, but a trustworthy person keeps a secret."</p>

<p>(HT: <a href="http://gizmodo.com/5880437/how-gossip-saves-society">Gizmodo</a>.)</p>]]>
        
    </content>
</entry>

<entry>
    <title>Always Be Closing</title>
    <link rel="alternate" type="text/html" href="http://www.mwilliams.info/archive/2012/01/always-be-closing.php" />
    <id>tag:www.mwilliams.info,2012://5.27700</id>

    <published>2012-01-30T17:09:36Z</published>
    <updated>2012-01-30T17:11:15Z</updated>

    <summary>Even if you&apos;re not a salesman this video will make you more ambitious....</summary>
    <author>
        <name>Michael Williams</name>
        <uri>http://www.mwilliams.info</uri>
    </author>
    
        <category term="Business &amp; Economics" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en" xml:base="http://www.mwilliams.info/">
        <![CDATA[<p><br />Even if you're not a salesman this video will make you more ambitious.</p>

<p><iframe width="420" height="315" src="http://www.youtube.com/embed/y-AXTx4PcKI" frameborder="0" allowfullscreen></iframe></p>]]>
        
    </content>
</entry>

<entry>
    <title>How the Libyan War Affected Our Options with Iran</title>
    <link rel="alternate" type="text/html" href="http://www.mwilliams.info/archive/2012/01/how-the-libyan-war-affected-our-options-with-iran.php" />
    <id>tag:www.mwilliams.info,2012://5.27699</id>

    <published>2012-01-27T19:05:56Z</published>
    <updated>2012-01-27T19:07:37Z</updated>

    <summary>Walter Russell Mead explains how overthrowing Gaddafi limited our options with Iran. Meanwhile, many analysts agree that the war in Libya, brilliant and strategic though it appeared to the White House at the time, may be making our options regarding...</summary>
    <author>
        <name>Michael Williams</name>
        <uri>http://www.mwilliams.info</uri>
    </author>
    
        <category term="International Affairs" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en" xml:base="http://www.mwilliams.info/">
        <![CDATA[<p><br />Walter Russell Mead explains <a href="http://blogs.the-american-interest.com/wrm/2012/01/27/thank-god-for-humanitarian-bombs/">how overthrowing Gaddafi limited our options with Iran</a>.</p>

<blockquote>Meanwhile, many analysts agree that the war in Libya, brilliant and strategic though it appeared to the White House at the time, may be making our options regarding Iran more limited. The west made a deal with Gaddafi: stop your nuclear program and we will treat you with respect.  He kept his end of the bargain and we dispatched him to his eternal reward.  What assurances can we now give the mullahs that would induce them to believe that they will be safe without nukes?

<p>This makes it less likely that President Obama's approach to Iran, infinitely more important for the future of US foreign policy than anything that has happened or could happen in Libya, will succeed.  There is no pledge Obama could give the mullahs that can offer them the same protection that a bomb would give them; the "duty to protect" crowd does not believe it needs to honor any sort of pre-existing pledge to a leader it decides is "bad," while reserving the right to strike anyone, anywhere, anytime, should a moral mood befall us. For Iran, the lesson of Libya is that the West will tell you anything to get you to give up the quest for nuclear weapons, but none of the beautiful pledges can be trusted.  At the first sign of weakness, they will intervene to overthrow you.</p>

<p>Thank goodness the Bush crowd and those awful neocons are gone.</blockquote></p>

<p>Of course, as WRM notes, international diplomacy is hard and there often aren't any good options.</p>]]>
        
    </content>
</entry>

<entry>
    <title>AP &quot;Fact Checks&quot; State-of-the Union Speech</title>
    <link rel="alternate" type="text/html" href="http://www.mwilliams.info/archive/2012/01/ap-fact-checks-state-of-the-union-speech.php" />
    <id>tag:www.mwilliams.info,2012://5.27698</id>

    <published>2012-01-26T16:00:28Z</published>
    <updated>2012-01-26T16:03:15Z</updated>

    <summary>I&apos;m not a fan of the &quot;fact check&quot; style, but it&apos;s fun when it&apos;s aimed at President Obama! It was a wish list, not a to-do list. President Barack Obama laid out an array of plans in his State of...</summary>
    <author>
        <name>Michael Williams</name>
        <uri>http://www.mwilliams.info</uri>
    </author>
    
        <category term="Politics, Government &amp; Public Policy" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en" xml:base="http://www.mwilliams.info/">
        <![CDATA[<p><br />I'm not a fan of the "fact check" style, but it's fun when it's <a href="http://apnews.myway.com/article/20120125/D9SFO48G0.html">aimed at President Obama</a>!</p>

<blockquote>It was a wish list, not a to-do list.

<p>President Barack Obama laid out an array of plans in his State of the Union speech as if his hands weren't so tied by political realities. There can be little more than wishful thinking behind his call to end oil industry subsidies - something he could not get through a Democratic Congress, much less today's divided Congress, much less in this election year.</p>

<p>And there was more recycling, in an even more forbidding climate than when the ideas were new: He pushed for an immigration overhaul that he couldn't get past Democrats, permanent college tuition tax credits that he asked for a year ago, and familiar discouragements for companies that move overseas.</blockquote></p>

<p>I don't see any "facts" marked as "true" in the piece.</p>]]>
        
    </content>
</entry>

<entry>
    <title>Tightened Pseudoephedrine Restrictions Lead to Expensive Burns</title>
    <link rel="alternate" type="text/html" href="http://www.mwilliams.info/archive/2012/01/tightened-pseudoephedrine-restrictions-lead-to-expensive-burns.php" />
    <id>tag:www.mwilliams.info,2012://5.27697</id>

    <published>2012-01-26T15:36:17Z</published>
    <updated>2012-01-26T15:41:19Z</updated>

    <summary>A little over a year ago I wrote about Missouri&apos;s tightening pseudoephedrine restrictions and predicted that they would cause all sorts of negative unintended consequences without significantly curbing the production of use of methamphetamine. I was right! Reduced access to...</summary>
    <author>
        <name>Michael Williams</name>
        <uri>http://www.mwilliams.info</uri>
    </author>
    
        <category term="Law &amp; Justice" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en" xml:base="http://www.mwilliams.info/">
        <![CDATA[<p><br />A little over a year ago I wrote about <a href="http://www.mwilliams.info/archive/2010/12/regulatory-hammers.php">Missouri's tightening pseudoephedrine restrictions</a> and predicted that they would cause all sorts of negative unintended consequences without significantly curbing the production of use of methamphetamine.  I was right!  Reduced access to pseudoephedrine has caused meth users to move to a new meth production method called <a href="http://www.washingtontimes.com/news/2012/jan/23/meth-makers-fill-up-burn-hospitals/">shake-and-bake</a> that is much more dangerous.</p>

<blockquote>So-called shake-and-bake meth is produced by combining raw, unstable ingredients in a 2-liter soda bottle. But if the person mixing the noxious brew makes the slightest error, such as removing the cap too soon or accidentally perforating the plastic, the concoction can explode, searing flesh and causing permanent disfigurement, blindness or even death.

<p>An Associated Press survey of key hospitals in the nation's most active meth states showed that up to a third of patients in some burn units were hurt while making meth, and most were uninsured. The average treatment costs $6,000 per day. And the average meth patient's hospital stay costs $130,000 - 60 percent more than other burn patients, according to a study by doctors at a burn center in Kalamazoo, Mich. ...</p>

<p>Larger meth labs have been bursting into flame for years, usually in basements, backyard sheds or other private spaces. But those were fires that people could usually escape. Using the shake-and-bake method, drugmakers typically hold the flammable concoction up close, causing burns from the waist to the face.</blockquote></p>

<p>Why is this more dangerous method so popular?</p>

<blockquote>Also known as the "one-pot" approach, the method is popular because it uses less pseudoephedrine - a common component in some cold and allergy pills. It also yields meth in minutes rather than hours, and it's cheaper and easier to conceal. Meth cooks can carry all the ingredients in a backpack and mix them in a bathroom stall or the seat of a car.</blockquote>

<p>And the effect on taxpayers?  Not only do we need prescriptions for cold medicine, but we're footing the bill for all these burn victims.</p>

<blockquote>Burn experts agree the annual cost to taxpayers is well into the tens if not hundreds of millions of dollars, although it is impossible to determine a more accurate number because so many meth users lie about the cause of their burns.</blockquote>

<p>Maybe it's time to ease up on the pseudoephedrine restrictions.</p>]]>
        
    </content>
</entry>

<entry>
    <title>Guns and Abortion</title>
    <link rel="alternate" type="text/html" href="http://www.mwilliams.info/archive/2012/01/guns-and-abortion.php" />
    <id>tag:www.mwilliams.info,2012://5.27696</id>

    <published>2012-01-25T15:48:15Z</published>
    <updated>2012-01-25T15:52:24Z</updated>

    <summary>Rand Simberg nails the pro-abortion left for opposing abortion prerequisites that pale in comparison to restrictions on guy buyers. Recently, the Texas legislature passed (and the governor signed) a law with a seemingly modest requirement -- that any woman getting...</summary>
    <author>
        <name>Michael Williams</name>
        <uri>http://www.mwilliams.info</uri>
    </author>
    
        <category term="Society &amp; Culture" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en" xml:base="http://www.mwilliams.info/">
        <![CDATA[<p><br />Rand Simberg nails the pro-abortion left for opposing <a href="http://pjmedia.com/blog/the-lefts-flexible-attitude-toward-rights/?singlepage=true">abortion prerequisites that pale in comparison to restrictions on guy buyers</a>.</p>

<blockquote>Recently, the Texas legislature passed (and the governor signed) a law with a seemingly modest requirement -- that any woman getting an abortion in the state of Texas be allowed (and required) to see a sonogram of the fetus twenty-four hours prior to the surgery.

<p>Note what the law doesn't do. It doesn't prevent a woman from getting an abortion. It (at most) slows her down by one day from doing so, should she choose to go through with it.</p>

<p>Contrast this with the hoops that gun owners must often jump through to purchase firearms -- background checks, waiting periods, purchase limits within a certain amount of time. Or the requirement that they undergo training, spending money and investing time, to get a permit to carry their weapons, even in states where it is allowed. All of these are far more onerous than the simple requirement that a woman have an ultrasound picture taken of her womb, and see it.</blockquote></p>

<p>He is correct in asserting that "pro-choice" is a misnomer: these leftists are pro-abortion.  Is there some reason they're hesitant to embrace that?  I'm pro-gun, not just pro-the-choice-to-buy-a-gun.  Nothing embarrassing about that.  Are they embarrassed to be pro-abortion?</p>

<p>Well, to be honest, they should be embarrassed.  Abortion is abhorrent and detestable, and so are the activists who promote it and the industry that profits from it.</p>]]>
        
    </content>
</entry>

<entry>
    <title>SOTU 2012</title>
    <link rel="alternate" type="text/html" href="http://www.mwilliams.info/archive/2012/01/sotu-2012.php" />
    <id>tag:www.mwilliams.info,2012://5.27695</id>

    <published>2012-01-25T15:34:26Z</published>
    <updated>2012-01-25T15:34:58Z</updated>

    <summary>I didn&apos;t watch the State of the Union speech last night, but apparently I didn&apos;t miss much....</summary>
    <author>
        <name>Michael Williams</name>
        <uri>http://www.mwilliams.info</uri>
    </author>
    
        <category term="Politics, Government &amp; Public Policy" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en" xml:base="http://www.mwilliams.info/">
        <![CDATA[<p><br />I didn't watch the State of the Union speech last night, but apparently I didn't miss much.</p>

<p><iframe width="500" height="315" src="http://www.youtube.com/embed/UDDRiGIUYQo" frameborder="0" allowfullscreen></iframe></p>]]>
        
    </content>
</entry>

<entry>
    <title>Romney&apos;s Low Tax Rate</title>
    <link rel="alternate" type="text/html" href="http://www.mwilliams.info/archive/2012/01/romneys-low-tax-rate.php" />
    <id>tag:www.mwilliams.info,2012://5.27694</id>

    <published>2012-01-24T21:20:15Z</published>
    <updated>2012-01-24T21:23:43Z</updated>

    <summary>The WSJ does a great job explaining why Mitt Romney&apos;s tax rates are (and should be) low. Start with the fact that, like Warren Buffett, Mr. Romney said he makes most of his money from investments, not wages or salary....</summary>
    <author>
        <name>Michael Williams</name>
        <uri>http://www.mwilliams.info</uri>
    </author>
    
        <category term="Society &amp; Culture" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en" xml:base="http://www.mwilliams.info/">
        <![CDATA[<p><br />The WSJ does a great job explaining why <a href="online.wsj.com/article/SB10001424052970204555904577168683705018156.html">Mitt Romney's tax rates are (and should be) low</a>.</p>

<blockquote>Start with the fact that, like Warren Buffett, Mr. Romney said he makes most of his money from investments, not wages or salary. Thus his income is really taxed twice: once at the corporate tax rate of 35%, then again at a 15% tax rate when it is passed through to him as dividends or via capital gains from the sale of stock.

<p>All income from businesses is eventually passed through to the owners, so to ignore business taxes creates a statistical illusion that makes it appear that the rich pay less than they really do. By this logic, if the corporate tax rate were raised to, say, 60% from today's 35% and the dividend and capital gains tax were cut to zero, it would appear that business owners were getting away with paying no federal tax at all.</p>

<p>This all-too-conveniently confuses the incidence of a tax with the burden of a tax. The marginal tax rate on every additional dollar of capital gains and dividend income from corporate profits can reach as high as 44.75% at the federal level (assuming a company pays the 35% top corporate rate), not 15%.</blockquote></p>

<p>James Taranto points out that <a href="http://online.wsj.com/article/SB10001424052970204301404577173082960318566.html">inflation also gnaws away at capital gains</a>.</p>

<blockquote>In the case of capital gains--profit on the sale of an asset--there is an additional argument. If you bought stock for $1,000 in 1990 and sold it for $2,000 in 2010, you'd pay taxes on the $1,000 difference--even though part of the appreciation reflects the decline in the value of money. A thousand dollars in 1990 dollars is a bit under $1,650 in 2010 dollars, so you'd pay $150 in taxes on real (after-inflation) income of $350, an effective rate of 43%. Taxing the same income at the current top ordinary rate of 35% would wipe out almost all the gains--and this during two decades in which inflation has generally been low.</blockquote>

<p>The problem isn't that capital is taxed too lightly, but rather than income is taxed too heavily.</p>]]>
        
    </content>
</entry>

<entry>
    <title>Online Poker: No; Online Lotteries: Yes!</title>
    <link rel="alternate" type="text/html" href="http://www.mwilliams.info/archive/2012/01/online-poker-no-online-lotteries-yes.php" />
    <id>tag:www.mwilliams.info,2012://5.27692</id>

    <published>2012-01-24T15:26:41Z</published>
    <updated>2012-01-24T15:32:39Z</updated>

    <summary>So organizers of online internet poker are going to jail while the Department of Justice is busy authorizing states to put their lotteries online. This kind of double-dealing (ha!) is why many people don&apos;t respect the law very much. It&apos;s...</summary>
    <author>
        <name>Michael Williams</name>
        <uri>http://www.mwilliams.info</uri>
    </author>
    
        <category term="Law &amp; Justice" scheme="http://www.sixapart.com/ns/types#category" />
    
        <category term="Politics, Government &amp; Public Policy" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en" xml:base="http://www.mwilliams.info/">
        <![CDATA[<p><br />So <a href="http://www.washingtonpost.com/national/online-poker-defendant-pleads-guilty-in-nyc-to-conspiracy-charges-admitting-he-fooled-banks/2012/01/17/gIQAr0Jm5P_story.html">organizers of online internet poker are going to jail</a> while the Department of Justice is busy <a href="http://www.npr.org/2012/01/24/145647048/online-lottery-could-be-coming-to-a-state-near-you">authorizing states to put their lotteries online</a>.</p>

<p>This kind of double-dealing (ha!) is why many people don't respect the law very much.  It's sad that our government looks more like a protection racket for favored groups than a protector of liberty and purveyor of justice.</p>]]>
        
    </content>
</entry>

<entry>
    <title>Why Doesn&apos;t North Korea Copy Megaupload.com?</title>
    <link rel="alternate" type="text/html" href="http://www.mwilliams.info/archive/2012/01/why-doesnt-north-korea-copy-megauploadcom.php" />
    <id>tag:www.mwilliams.info,2012://5.27691</id>

    <published>2012-01-23T19:25:56Z</published>
    <updated>2012-01-23T19:29:30Z</updated>

    <summary>Megaupload.com is out of business, but not because their business model failed. The founder, Kim Dotcom, seems to have made hundreds of millions of dollars. His only downfall was basing his business in a country with friendly legal relationships with...</summary>
    <author>
        <name>Michael Williams</name>
        <uri>http://www.mwilliams.info</uri>
    </author>
    
        <category term="Business &amp; Economics" scheme="http://www.sixapart.com/ns/types#category" />
    
        <category term="International Affairs" scheme="http://www.sixapart.com/ns/types#category" />
    
    
    <content type="html" xml:lang="en" xml:base="http://www.mwilliams.info/">
        <![CDATA[<p><br /><a href="http://www.foxnews.com/scitech/2012/01/23/megaupload-founder-kim-dotcom-denies-piracy-charges/">Megaupload.com is out of business</a>, but not because their business model failed.  The founder, Kim Dotcom, seems to have made <a href="http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/01/23/bloomberg_articlesLY8CF60UQVI901-LY8HR.DTL">hundreds of millions of dollars</a>.  His only downfall was basing his business in a country with friendly legal relationships with the US government.  So, why doesn't North Korea (or another pariah nation) enter the illegal file sharing market?  They'd get a huge inflow of foreign capital for minimal cost and no risk of arrest.</p>]]>
        
    </content>
</entry>

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