Man Oppresses Man

9/11 Memes

Carried Interest Should Be Taxed As Earned Income

"Carried interest" is when you get compensated for your labor out of the capital gains associated with a project you're working on.  It's controversial because it's taxed as capital gains, rather than as "earned income" (which has a higher tax rate).  Some people think it's complicated, but the basic principle clearly should be: if you weren't exposed to a potential capital loss, than your proceeds from the deal are not a capital gain.

The special treatment of carried interest is in some sense another example of capitalists giving capitalism a bad name by privatizing profits while socializing losses.  In this case, the losses aren't actually socialized, but it's still a case of profits and losses getting differential treatment by the government.

People who consider themselves opponents of capitalism recognize that "capitalists" have too much control of the government, yet their only prescription for this problem is to increase the power of government.  The results are sadly predictable.

9/11 Conspiracy Confirmation Futures Contract

Consider the many conspiracies in history that have enjoyed sudden revelation/confirmation, such as

• 1920: player confessions reveal the 1919 World Series was fixed
• 1957: Apalachin Raid confirms the existence of the mafia
• 1967: Ramparts Magazine exposes Operation Mockingbird
• 1971: burglarized FBI files expose COINTELPRO
• 1974: White House tapes confirm Watergate cover-up
• 1975: Church Committee exposes MK-ULTRA and CIA assassination plots
• 1986: Congress exposes Iran-Contra
• 1997: National Archives reveals Operation Northwoods

The 9/11 conspiracy and cover-up would have required hundreds of operatives to execute, and thousands of co-conspirators to cover up -- far more than any of the conspiracies above that eventually broke open.  How long before somebody inside the conspiracy flips or slips?

There are allegedly almost 1700 architects and engineers who support the controlled-demolition findings of Architects And Engineers For 9/11 Truth.  AE911T claims that "most of those who take the time to examine this evidence acknowledge that the official story can’t be true".  If AE911T is right about how compelling their evidence and arguments are, then the truth of controlled demolition will spread inexorably in the technical community, and will eventually reach a tipping point and become the consensus view.

Here is an opportunity to profit handsomely from your personal insight and conviction that truth of 9/11 controlled demolition is obvious and compelling and must eventually triumph in the marketplace of ideas.

My Candidate Ballot Statement For Purissima Election

You own a share of Purissima's two main assets: $20M of pipes/tanks, and the right to buy 800K units/year of water from SFPUC. For each household, that's $10K and 780 gallons/day. I defend those property rights, including the right to use the water you buy as you wish (without harming the rest of us). I defend close local control of the district while seeking savings via alternative arrangements for water supply and district operations.

SFPUC is raising water costs to pay for overdue seismic upgrades. These upgrades mean we can cancel an expensive project to make Quarry Lake an emergency water source. That insurance is not worth the price. I also voted against subsidies for candidate statements and a museum water exhibit.

A Sacramento law was going to make the Hills adopt 33 pages of default irrigation rules. I proposed an alternative that added a simple water budget to the town's permitting process, leaving property owners free to decide how to meet their budget. The town adopted my alternative.

For more (including Purissima budgets and audits), see holtz.org/water.