Knowing Humans

Study their behaviors. Observe their territorial boundaries. Leave their habitat as you found it. Report any signs of intelligence.

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Wednesday, February 19, 2014

More California Water Prescriptions

Water, Water, Everywhere - Laffer and Winegarden, Pacific Research Institute (2012)
  • Higher priced water really would discourage waste and entice additional supplies such as desalinization. Price changes keeping demand and supply in balance are the essence of markets. California’s problem is one of government interference not inherent water shortages. State and local governments have prohibited markets from doing what they do well—allocating scarce goods. 
  • Charge all farmers, government agencies, and other water users the same price for water, no exceptions.
  • The price of water should be raised such that the average price charged is initially set at five times the current average price.
  • Grant all existing water users a credit on 70 percent of the amount of water they used last year. Above that point they would pay the new market price for all water in excess of 70 percent of last year’s usage. If usage were less than 70 percent of last year’s usage, then a credit would be given for their conservation at the new market price.
  • Each year the credit will be reduced by 10 percentage points until it disappears in seven years.
  •  Government should under no circumstances deprive the natural environment of its water set-asides. Our forests, bays, rivers, and marshes already share the burden of drought with us and can ill-afford any additional deprivation by reducing water set-asides.
Updated policy prescription - Zeitland, Aguanomics (2014)
  • Price retail water service so fixed revenues cover fixed costs (e.g., pipes and plants) and variable revenues cover variable costs (e.g., making desalinated water or pumping water). Add an additional surcharge when water is scarce (i.e., to reflect the of of using water now that you may want later). That surcharge can be rebated to customers (by meter, not according to use) if the utility has no deficits.
  • Use markets to allocate irrigation water among farmers who cannot take more than sustainable volumes from surface or ground water
In 2009, Zeitland quoted UPI reporter Lloyd Carter:
There are half a million acres of selenium-tainted salty land in the western San Joaquin Valley which require drainage in order to stay in production. Those lands have been without an economical, safe disposal method for vast volumes of drainage water for half a century. Some toxic drainage water, tainted with toxic levels of selenium, continues to be funneled untreated into the Lower San Joaquin River and the Bay/Delta estuary.

Those half million acres of alkali, saltly marginal farmlands use an average of 1.5 million acre-feet of water a year, which would meet the domestic needs of 15 million more Californians. Continued irrigation of those poisoned lands by massive amounts of water pumped from the Delta is also contributing to the ecological decline of the Delta. Until the drainage problem is resolved, or those poisoned lands taken out of production, the major problems of water in California will remain unresolved.
Norcal Wants Its Water Back - Zeitland, Aguanomics (2008)

Self-Evident Water Truths - Rep. McClintock (2013)

Self-Evident Water Delusions - Zeitland, Aguanomics (2013)

Reforming Water Markets - Edwards & Hill, Cato (2012)

Aquanomics - Gardner & Simmons, Independent Institute (2012)
  • establishing secure and transferable private water rights and extending these rights to uses that traditionally have not been allowed, including altering in-stream flows and ecosystem operations

Friday, May 03, 2013

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.

Thursday, May 02, 2013

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.