humanist + humorist

"Jeff [Bezos] is so wealthy, that it is quite literally unimaginable. Let's put this wealth in perspective by comparing it to some familiar things."

New Yorker: "The actual truth about the American tax system is that it is slightly progressive. The richest one percent earn about 21 percent of the income and pay 24 percent of the taxes." (Honestly, better than I expected! But they could absolutely pay more.)

"This trend has been characterized as the Great Resignation, and just about every economist and pundit has taken their crack at teasing out why it’s happening. [...] In these moments, it’s best to actually ask the workers themselves. I did that, talking to dozens of people who have recently quit their job, or experts who closely track workers who have. And some patterns emerged."

"Those top players represent a mere 0.01% of all bitcoin holders and yet they control 27% of the digital currency, the Wall Street Journal reported. That compares to the old-fashion dollar, where the top 1% controlled 30% of total U.S. household wealth, according to Federal Reserve data." But hey, cryptocurrency is gonna be the great decentralized revolution that lets us escape the inequalities of fiat currency, right?

"DC/EP [China's test run of a digital-only currency, in beta] would have to be able to handle at least 300,000 transactions per second across the country at peak times to do what cash does. So DC/EP won’t be a blockchain." (For comparison, a single credit card like Visa averages a couple thousand per second and says they can handle at least 24,000, and Bitcoin averages a whopping between-3-and-4 transactions a second.)

"He told the press how the problems of banking the unbanked were technical — that banks were unable to move money fast enough without a blockchain. This is completely backwards. Banks know how to move numbers between computers. The slow part is settlement and compliance — making sure that everything is done in order, and making sure that banks, and money transmitters in general, are solvent, honest and not fronting for drug runners."

2015, and still relevant: The USPS isn't in financial trouble because people aren't using it enough. It's in "financial trouble" because Congress ordered it to stockpile enough cash to pre-fund all employee pension and health insurance costs for the next 75 years. Even if we all sent enough mail to cover that unnecessary liability, Congress could easily pass another law saddling it with another unnecessary liability. We fix this by yelling at our representatives to shape up, not by buying more stamps.

May 2020: "Despite her visible role in the fight against abortion, McCorvey [aka Jane Roe] says she was a mercenary, not a true believer. And Schenck, who has also distanced himself from the antiabortion movement, at least partially corroborates the allegations, saying that she was paid out of concern ;that she would go back to the other side,; he says in the film. 'There were times I wondered: Is she playing us? And what I didn’t have the guts to say was, because I know damn well we were playing her.'"

May 2020: "Finland ran a two-year universal basic income study in 2017 and 2018, during which the government gave 2000 unemployed people aged between 25 and 58 monthly payments with no strings attached. The payments of €560 per month weren’t means tested and were unconditional, so they weren’t reduced if an individual got a job or later had a pay rise. The study was nationwide and selected recipients weren’t able to opt out, because the test was written into legislation. "

September 11: "Industry companies spent tens of millions of dollars on [plastic recycling] ads and ran them for years, promoting the benefits of a product that, for the most part, was buried, was burned or, in some cases, wound up in the ocean. Documents show industry officials knew this reality about recycling plastic as far back as the 1970s."

September 30: "Maybe “guided apophenia” is a better phrase. Guided because the puppet masters are directly involved in hinting about the desired conclusions. They have pre-seeded the conclusions. They are constantly getting the player lost by pointing out unrelated random events and creating a meaning for them that fits the propaganda message Q is delivering." A game designer's analysis of QAnon.

October 23: "A rightwing extremist boasted of driving from Texas to Minneapolis to help set fire to a police precinct during the George Floyd protests, federal prosecutors said. US attorney Erica MacDonald said on Friday that she had charged Ivan Harrison Hunter, a 26-year-old Texas resident, with traveling across state lines to participate in a riot. " (It's them. It's always them.)

December 9: "Last week, CMD obtained the 2019 tax records of two right-wing funders who donated to the FDRLST Media Foundation that year: GOP megadonor and shipping supply billionaire Richard Uihlein and DonorsTrust, a donor-advised fund manager that has been dubbed “the dark money ATM” of the conservative movement." Looks like we can add Uline Shipping next to StickerMule on the list of "this company's owner will pass your money on to horrible causes."

December 17: "Per capita gross domestic product and unemployment rates were nearly identical after five years in countries that slashed taxes on the rich and in those that didn't, the study found. But the analysis discovered one major change: The incomes of the rich grew much faster in countries where tax rates were lowered. Instead of trickling down to the middle class, tax cuts for the rich may not accomplish much more than help the rich keep more of their riches and exacerbate income inequality, the research indicates."

January 20: "Early in President Trump’s term, McSweeney’s editors began to catalog the head-spinning number of misdeeds coming from his administration. We called this list a collection of Trump’s cruelties, collusions, and crimes, and it felt urgent then to track them, to ensure these horrors — happening almost daily — would not be forgotten."

January 29: "Donald Trump was cultivated as a Russian asset over 40 years and proved so willing to parrot anti-western propaganda that there were celebrations in Moscow, a former KGB spy has told the Guardian."

February 18: "The Austin American-Statesman found a single, forgotten copy of that report on a Public Utilities Commission shelf in 2011. The paper went looking for it in 2011 because of the cold snap that hit Texas in February of that year. The state legislature held angry hearings, and later that spring Hegar introduced his bill to require the Public Service Commission to prepare a weatherization and preparedness report each year, an obligation that was later neglected." Texas utility companies vs. history, or Yes, We Need That Infrastructure Bill.

March 11: "It isn’t easy to figure out exactly how much electrical energy these ‘idling cars’ are consuming, but even the lowest estimates are eye-wateringly bad. Cambridge University seems to have done the most legwork in figuring this out, and at the moment, the annualised power consumption of bitcoin mining is 128 terawatt hours. In 2019-20, every single thing plugged into Australia’s largest main grid consumed 192. "