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Archive for August 25th, 2011

Economics 101: If you raise taxes, they will leave

Posted by Dana Pico on 2011/08/25

Governor Rick Perry (R-TX) has presided over the state with the greatest job growth since the start of the recession, and almost half of all American jobs since June of 2009. President Obama and the Democratic partisans will do everything that they can to diminish the Texas record, telling us that the figures are phoney, that the jobs created weren’t good ones, that if there were jobs created, Governor Perry had nothing to do with it, &c, &c, &c.

Well, there has been a state which has followed the economic prescriptions of our friends on the left, and increased taxes. How has that worked out for them?

Jeff  Carter

Jeff Carter

Obama’s Illinois Imploding

I don’t know if you saw this with all the news yesterday. Illinois lost 89,000 jobs since enacting the largest tax increase in the history of the state, as reported by the Illinois Policy Institute.

It was the largest job loss of any state in the nation.

Democrats will blame it on a poor economy. The truth is, higher taxes change behavior. Combine that with the fact that Illinois pols have given tax waivers to some large companies. John Deere ($JD), Motorola Mobility ($MOT, $GOOG), Sears, and others have gotten roll backs on the tax. So, like most tax levies it falls on small businesses and medium size companies.

Motorola Mobility promised to hire people for the tax rollback. Now that they have been purchased by Google, that promise goes out the window. Say goodbye to those jobs.

There is no doubt, other companies are exploring a move from Illinois. Recall that the Democratically controlled Illinois legislature didn’t just raise the corporate income tax, but they killed internet businesses too.

One major company, $CME, that actually has to pay it’s taxes said on the latest earnings call that they have had discussions with other states. I wouldn’t blame CME one bit for leaving. They can increase their earnings 9% simply by moving. I am one shareholder that endorses the move.

Hat tip to Gretchen. But this was not all that difficult to predict. Duffy noted, on his site,:

Even Illinois which is Democrat down to dogcatcher is facing reality. Motorola is threatening to leave the state. The taxes are too high and the cost of doing business has made staying untenable. So what did Illinois do? They offered $100MM in tax breaks. One Hundred Million Dollars not to leave.

They have been forced to face the reality that they can only bleed so much from corporations before they leave. Motorola is not a small outfit and moving is going to be expensive. That said, I don’t think they’re bluffing. They’ve run the numbers and staying long term isn’t prudent.

Similarly, Sears the icon of Illinois is pulling up stakes. Think of what it says that the company with the most iconic tower in the midwest is thinking of leaving Illinois. How bad is the business climate? So bad, they’re considering New Jersey. They are also considering Texas which is unsurprising to anyone who’s been paying attention.

John Hitchcock said, explicitly, last March:

So the Democrat legislators already added another layer of taxes this year, and that added layer of taxes will decimate some Illinois businesses and send some Illinois businesses out of state. Yes, Illinois is busily butchering the goose that laid the golden egg, having already killed it.

And even earlier, last January:

Will businesses leave the state because of this? Yes. Will other businesses which cannot leave fail because of this final straw? Yes. Will The New York Times ever understand it’s not a revenue problem but rather a spending problem? No, of course not.

And I wrote, also last January:

Either the people of Illinois will wind up having to pay more money for the same goods — after having lost 2% of their net pay to taxes — or the companies which don’t believe they can raise prices will have lower profits, and at least some people will lose their jobs; actually, it’ll probably work out to some of both.

Now, some of our friends on the left disagreed that raising taxes was a bad idea. The Kiwi Kommenter wrote:

Why are productive people fleeing the Pyrite State? With a marginal tax rate of 9.55% over $47,055 of income, you are talking thrice the income tax rate in Pennsylvania.

Well then – tax businesses. If they flee, that just opens uop a niche for other people to sell to the people of the State.

Wonder just how that’s working for the people of Illinois? Look at Mr Carter’s chart again: despite the recession, the number of people who were employed in Illinois was growing, right up until the time that the lame-duck Democratic legislature increased taxes. Now, it would be a post hoc ergo propter hoc fallacy to state that the tax increase was the cause of the loss of jobs, but it certainly could have been, and it seems that the predictions made by the conservatives here were the ones which turned out right.
Cross posted on Common Sense Political Thought.

Posted in economics, Tax | 3 Comments »

Who’s who?

Posted by DNW on 2011/08/25

A little light lunchtime reading, confirms that there is always something new in the world of science.

This is because the science fact of yesterday, which replaced the science fact of the day before, is now jettisoned in favor of the science fact of today.

So, Whoooo are You …

From the BBC:

DNA study deals blow to theory of European origins

“A new study deals a blow to the idea that most European men are descended from farmers who migrated from the Near East 5,000-10,000 years ago.

The findings challenge previous research showing that the genetic signature of the farmers displaced that of Europe’s indigenous hunters. …The extent to which modern Europeans are descended from these early farmers versus the indigenous hunter-gatherers who settled the continent thousands of years previously is a matter of heated debate.

The results vary depending on the genetic markers studied and are subject to differing interpretations.
Family tree

The latest study focused on the Y chromosome – a package of DNA which is passed down more or less unchanged from father to son.

The Y chromosomes carried by people today can be classified into different types, or lineages, which – to some extent – reflect their geographical origins.

More than 100 million European men carry a type called R-M269, so identifying when this genetic group spread out is vital to understanding the peopling of Europe.”

Hunter killer, or peaceful farmer?

“R-M269 is most common in western Europe, reaching frequencies of 90% or more in Spain, Ireland and Wales.

The latest research leans towards the idea that most of Europe’s males trace a line of descent to stone-age hunters.

But the authors say more work is needed to answer this question. …”

The matter above of course is widely recognized as an unsettled issue (no pun intended). Other questions of origins and development however, have generally been considered as more or less put to rest.

However, if the assertions contained in the following link are correct, all you horse fanciers may find your accepted narrative subject to a rather radical revision too.

Saudi Arabia discovers 9,000 year-old civilization

Just in case there are any city dwelling youth who might stumble across this blog and be uncertain regarding the concept of a horse, from Wiki:

Also: “Early horse domestication in Neolithic Arabia (?)

Posted in Evolution, history, Science in the news | 1 Comment »

I’ve Got A Little List

Posted by Foxfier on 2011/08/25

Actually, a notebook.  It’s got a lot of lists in it, though.

I picked up a bread machine at a yard sale for ten bucks a few months back, and the book that came with it is…er… somewhat less than helpful. The recipes work just fine, it’s just that they all assume you’ll only be baking with powdered milk. Before Kit came around, that would have been a safe enough bet, although I prefer to keep canned instead of powder as an emergency staple; since both child and husband drink the horrible white stuff, though, it’s silly for me not to buy it in the bladder, and so I look for recipes that use it instead….

These go into my recipe notebook.

 Simple, old spiral notebook, first page is Nancy Cookies because I’d rather have a paper notebook than my laptop computer, and I was making a big batch for then-Fiance-Elf.  (They are great because if you put them in zipper-bags and ship them to the other side of the world, they still taste fresh when they get there, and for about a month after.)

  It probably won’t ever turn into the great packs of notecards that my grandmothers had.  Unlike theirs I’ve tried to put in every trick that I use to get results that I like– theirs were a memory aid so they knew the basic route, then their skill turned the variable ingredients into what they wanted; since my ingredients are of incredibly consistent quality and I don’t have anything like the skills they did, there are a lot of notes like “add a little extra water if they don’t look flat enough.”  I’ve got real recipe books as well, including the classic Better Homes and Gardens from the 70s or so. (Since I got it at the Base’s thrift store, it’s also stuffed with clippings from magazines…I still end up getting most of the information I need from the internet, since most of the time I just can’t remember how hot the oven should be for a pork roast, or if I’m supposed to put foil on the bird until the last ten minutes, or not do it until then….)

Adding a recipe to my little list is a sort of big deal for my cooking– there’s a ton of scrap paper around the kitchen, from a scribbled tamagoyaki recipe taped to the microwave to a scribbled list of what I need to prepare for fishstick tacos.  I have to try a recipe several times, get consistent results and really like the results for something to be added.

This is one that made it (although I still need to scribe it….)
It Came From The Bread Machine: Son of Cinnabon

The night before:
Get two gallon ziplocks and a sandwich bag.
Draw a line down the middle of one side of the bags.
On one side of the first one, write:

  • 4 1/2 cups bread flour
  • 1 teaspoon salt
  • 1/2 cup white sugar
  • 2 1/2 teaspoons bread machine yeast

go to the other side, and write:

  • 1 cup warm milk
  • 2 eggs, room temperature
  • 1/3 cup margarine, melted

Put the dry ingredients in that bag, seal, mix a bit if you feel like it, and set aside.

Get the second large bag and, on the same side you wrote the dry ingredents for the one above, write:

  • 1 cup brown sugar, packed
  • 2 1/2 tablespoons ground cinnamon

On the other side, write:

  • 1/3 cup butter, softened

Put the sugar and cinnamon in, seal, mix a bit if you feel like it, set with the flour bag.

Get the little bag, and write:

  • 1 1/2 cups confectioners’ sugar
  • 1/8 teaspoon salt

On the other side, or below, write:

  • 1 (3 ounce) package cream cheese, softened
  • 1/4 cup butter, softened
  • 1/2 teaspoon vanilla extract

Put in the sugar and salt, seal, put with the other bags. Pull out a stick of butter to soften overnight. Get a microwave safe bowl– soup bowl works fine– and put 1/3 cup margarine and 1 cup milk in it; put it in the fridge beside your eggs.

Put tinfoil on your cookie sheet, clear a space on the counter near the bread machine and go to bed.

When you stumble down stairs to turn on the coffee machine next morning, put the milk and margarine in the microwave for about 30 seconds. Put the eggs under running hot water, or– if you’re a desert kid like me– give the milk mix an extra ten or so seconds and make sure the eggs are mixed in well in the bread machine. Pour in bag #1, set the machine to “dough,” and go have your coffee. (Or go back to sleep for an hour, if you’re the sort who can; if not, when you’re done with your coffee and email, refill the bag.)

When the dough is done, dump it on to the counter and leave it there for about ten minutes. (Good time to rinse the bread machine and refill the ziplock, if you didn’t already.)

Roll it out to a 16×21′ rectangle– that’s “about a hand bigger on every side than the big cookie sheet” for me; you’ll find a shorthand that works for you. Cover with the butter that’s been softening overnight. Make sure that bag #2 is well mixed, then sprinkle as evenly as you can over the buttered dough. Roll it, so you end up with a dough tube that’s nearly two feet long.

Slice into even rolls– I used two and a half fingers to “measure,” do whatever trick so you end up with about a dozen, even-ish rolls. The ends will be ugly; it doesn’t really matter….

Put on the sheet, and put aside until they’re about double in size. (~30 minutes, depends; my first batch took nearly an hour, because I was enjoying the cool morning air and the room was about 60*….)

Set oven to 400*F.

Get a little mixing bowl and empty the third bag into it. (At least three times the size of a soup bowl was the smallest that worked for me.) Put the cream cheese and butter in the bowl you used for the milk mix earlier, microwave 10-20 seconds so it’s soft, mix into the sugar mix with the vanilla. Clean off the beater and put the bowl over the exhaust for your oven. (usually the back right burner– this will make it really easy to pour)

Clean up and re-fill any bags that are still empty. (This really does make it a lot nicer.)

Put the doubled rolls into the oven for about fifteen minutes, so they’re golden brown.

Pull out, dribble frosting over them– I find it easiest to do a bare dribble circuit, let it soak in a bit, and then do one or two more so that I don’t run out of frosting or make a mess. You might even want to have one or two without frosting, although I suggest either putting butter on them or eating them fresh if you do.

These taste like the best cinnabon you’ve ever had, and even two days later they were better than the worst I’ve had. (And the whole batch costs less than just one!)

Posted in Uncategorized | 2 Comments »

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