I have started to sent missives to my Representative in Congress, Jeff Crank. I missed copying the first few, not realizing that once they were sent they disappeared. I have since figured to copy them before I sent them so I could have a copy at hand.
February 21, 2025:
Mr. Crank,
Why is the Republican Administration firing IRS workers now, before Tax Day? It was hard enough to reach an IRS agent before this latest round of firings and layoffs to answer tax questions.
Today the median household net worth (mhnw) is about $192 K. The average, or mean, household net worth (ahnw) is about $1500 K.
I have been leery of a wealth tax, since most peoples “wealth” is dependent on what others “say” they will pay for a property, if it were for sale. It is unrealized gains. But, once you die, your gains can be realized. This is when the taxes should kick in.
Using the mhnw as a baseline, when you die your estate can distribute up to 100 times the mhnw tax-free. In our example above, the first $19.2 M is estate tax-free. From 100 mnhw to 1000 mnhw, your estate is taxed at 50% and beyond 1000 mnhw your estate is taxed at 90%.
So, someone leaving an estate of $10 M will not have any estate taxes. Someone with an estate of $29.2 will have $5 M in estate taxes, leaving the heirs $24.2 M to divvy up, And the heirs of an estate of one Billion Dollars will have a $813.6 M estate tax bill. They earned it!
Generally Recognized As Safe (GRAS), is the FDA’s way of allowing an ever growing number of food additives into the US food supply without specific FDA testing. It allows the vendor/manufacturer to certify an additive is GRAS rather than proving it.
It would seem that the GRAS approach is reasonable, given the the ever growing number of additives and and the minimal risk of true harm. But, there are other countries that do take the time to evaluate some additives in their food systems and then determine those additives are not safe by whatever standards they are using. This would seem to me to remove the additive from the Generally Regarded As Safe category and should require the FDA to certify the safety of the additive independently of the vendor certification.
The FDA may very well find that the additive is SAFE by our standards and allow it to be in our food supply, but it should not be on the GRAS list.
Why can’t we run an AI check on AI output, asking it to evaluate the output for bias? It can review the output for racial, sexual, gender, socioeconomic, political, and any other number of potential biases, then put out a summary chart so you have overview of the inherent bias in the report.
You should be able to submit any article or post you are reading for this treatment.
Interesting, Word Press has added an AI Assistant to preview what you are about to publish. This is what it provided for this article.
The idea of using AI to evaluate the output for bias is intriguing. It could be helpful to:
1. Conduct thorough research on existing AI models for bias evaluation.
2. Collaborate with AI experts to develop a system that can detect and summarize potential biases.
3. Test the system extensively by submitting various articles and posts for evaluation.
4. Consider integrating the AI Assistant into the publishing process to provide users with a comprehensive overview.
5. Ensure transparency by clearly communicating the limitations and scope of bias evaluation to users.
The addition of an AI Assistant to preview content in WordPress is indeed an interesting development.
The Social Security Trust Fund is running low and may not have enough income to to pay the expected outflow and it will then need to start reducing payments such that income and outflow balance. Sometime in the 2030’s is projected.
Currently an employee contributes 6.2% of income up to $160,200 (in 2023), with the employer matching that 6.2%. If they really can’t get rid of the cap on the employee’s side of the equation, why don’t they get rid of the cap on the employer’s side and let them continue to contribute 6.2% of income with no cap? That should put a bit more money into the trust fund.
Some Fast Facts & Figures About Social Security.
I heard a story the other day about how states are looking at ways to tax EV to pay for the road taxes they no longer collect on the lost gasoline sales. There is also the issue of declining gas tax revenues because of improving fuel efficiencies without the reduction of the wear and tear on the roads themselves. Some of the ideas included charging an EV tax on annual registration renewal or taxing at the charging station (but if you charge at home and not at a charging station, no taxes?)
Why not just tax the tires? Add a certain tax based on the expected mileage of a set of tires. The actual usage of the roads will be captured by how often the tires are changed.
If we look at consider the average car gets @ 16 MPG and the gas tax is $.18 per gallon then the average tax is $.01125 per mile. So a set of 4 -40,000 mile tires would be taxed $450. A set of 60,000 mile tires would be taxed $675.
Heavy Duty Vehicles and their tires can be taxed at a different rate since the heavier vehicles put more where and tear on the roads.
It might be easier to collect the tax at the annual registration time and ignore the difference between the the folks that only put 3,000 miles a year on their cars and those that put 30,000 miles a year on them. If we assume the average car is getting 12,000 miles a year, then an average $135 a year can be collected in the registration fee.
All this is in lieu of the gasoline tax and could be applied to all types of vehicles. Although the registration tax could just be used for EV and gas taxes can stay until the last pump dies.
I forget though. The $.18 gas tax is the federal tax rate. The same process can be used for states gas taxes to add on to the figures above.
I see that the average State Gas Tax is $.31 per gallon. That comes to $ .019375 per mile additional state tax and a total of $.030625 per mile combined Fed and State Taxes. Tire taxes would be $1225 for a set of 40,000 mile tires and $1837.50 for a set of 60,000 mile tires. I can see that would cause a bit of sticker shot for the consumer. The registration cost, using 12,000 miles as the average, is $367.50 per year.
If there was a way to spread out the tire tax over a period of years, it may be a more appropriate way to tax for actual road usage. Those of us who only drive 5,000 miles a year will only be getting new tires every 10 years or so. (Do tires actually last that long?) Or maybe a combination of registration tax and tire tax such that it isn’t such a big hit at once.
Either way, the EVs do need to pay their way for road maintenance.
An Evidence-based Approach to Effective Studying
FACTSHEET: Salami Slicing
Statement from the listed authors of Stochastic Parrots on the “AI pause” letter
Rather than trying to put caps onto salaries, in an attempt to prevent runaway wage growth, why don’t we just set up a progressive income tax such that: the more you make, the higher your tax bracket?
Everyone can start out with a base deduction plus social security insurance, health insurance and state/local tax costs, and then pay a flat rate at various steps thereafter.
My steps would be tied to the median household income (MHI) . For every multiple of the MHI, the tax rate would increase. The actual tax rate should be set such that the federal budget would be balanced i.e. the government will collect enough money to cover its expenditures for the year.
The base deduction for a single individual should be 40% of the MHI. For a household, the base deduction should be the MHI.
I am starting to read through the Presidential Transition Project Plan for 2025. It is making for alarming reading.
In Federalist No. 47, James Madison warned that “[t]he accumulation of all powers, legislative, executive, and judiciary, in the same hands, whether of one, a few, or many, and whether hereditary, self-appointed, or elective, may justly be pronounced the
very definition of tyranny.”
They argue that by distributing all the command and control of the Executive functions across wide and diverse groups of faceless bureaucrats who are writing, executing and adjudicating the rules that make our society work, that we are reaching that stage of tyranny. Instead, they want to consolidate all this into a more compact group of ideological political appointees and put the career bureaucrats out to pasture.
They are concerned that the “Radical Left” are running the bureaus, agencies, and departments with some sort of agenda to weaken America and it’s standing in the world. I believe Barry Goldwater is part of the Radical Left as well.
It will take a while get through all this. They have detailed breakdowns for the various Cabinet departments and independent agencies, and, how the incoming “conservative” president can fix it all.
I like the proposal to fix the term of a Supreme Court Justice to 18 years. A new Justice would be appointed every 2 years. In the event of a vacancy in the court, a new Justice would be appointed to fill the term of the vacated seat.
This would allow each President to appoint 2 Justices per term (minimum, for a 4 year term). This also allows Justices to achieve emeritus status while still able to enjoy life. Emeritus Justices may be called upon for other duties as determined by the Chief Justice.
A Justice can only serve one term.