Toon in

Ponder this

A dollar saved is a quarter earned.

~ John Ciardi

Sunday Toon

Some thoughts on today’s world

The Collectivist Coin

It isn’t a question of if…it is question of when.

Social Security Pending Insolvency…from Rico

Q: What are the ‘odds’ that Congress will completely fail to do anything about this? [After all, they’re too ‘busy’ trying to undo the 2016 election results and/or running as 2020 hopefuls.]
A: About the same as the MSM even talking about it.

Starting THIS YEAR Social Security expenses will be greater than revenues [think: payroll taxes, interest income, and from taxing SocSec ‘benefits’].
– By 2034-35 Social Security will exhaust it’s ‘reserves’ and officially be insolvent [for politicians read: broke].

But at least the US deficit is out of control, so Americans have that going for them.
– Americans used to save, now they just borrow and spend.

….this will not end well.

Day by Day

Toon in

Toon in

The Collectivist Coin

TANSTAAFL! Forever true is the statement about free lunch.

Universal basic income doesn’t work. Let’s boost the public realm instead

A study published this week sheds doubt on ambitious claims made for universal basic income (UBI), the scheme that would give everyone regular, unconditional cash payments that are enough to live on. Its advocates claim it would help to reduce poverty, narrow inequalities and tackle the effects of automation on jobs and income. Research conducted for Public Services International, a global trade union federation, reviewed for the first time 16 practical projects that have tested different ways of distributing regular cash payments to individuals across a range of poor, middle-income and rich countries, as well as copious literature on the topic.

It could find no evidence to suggest that such a scheme could be sustained for all individuals in any country in the short, medium or longer term – or that this approach could achieve lasting improvements in wellbeing or equality. The research confirms the importance of generous, non-stigmatising income support, but everything turns on how much money is paid, under what conditions and with what consequences for the welfare system as a whole.

From Kenya and southern India to Alaska and Finland, cash payment schemes have been claimed to show that UBI “works”. In fact, what’s been tested in practice is almost infinitely varied, with cash paid at different levels and intervals, usually well below the poverty line and mainly to individuals selected because they are severely disadvantaged, with funds provided by charities, corporations and development agencies more often than by governments.

Experiments in India and Kenya have been funded, respectively, by Unicef and Give Directly, a US charity supported by Google. They give money to people on very low incomes in selected villages for fixed periods of time. Giving small amounts of cash to people who have next to nothing is bound to make a difference – and indeed, these schemes have helped to improve recipients’ health and livelihoods. But nothing is revealed about their longer-term viability, or how they could be scaled up to serve whole populations. And there is a democratic deficit: people who get their basic income from charities or aid agencies have no control over how payments are made, to whom, at what level or over what period of time.

The Alaska Permanent Fund, built from the state’s oil revenues, pays all adults and children a dividend each year – in 2018, it was $1,600 (£1,230). The scheme is popular and enduring; it has been found to produce some positive impacts on rural indigenous groups, but it makes no claim to sufficiency and has done nothing to reduce child poverty or to prevent widening income inequalities. [snip]

The Watermelon State

Have you ever wonder who comes up with these nutty ideas?

California Dispatches Goats to Eat Brush, Prevent Wildfires

California firefighters are enlisting help from some unusual allies to prevent more deadly wildfires from ripping across the state — goats.

The Ventura County Fire Department is releasing hundreds of goats next week north of Los Angeles to eat dead brush that could become fuel for a fires.

“They’ll eat until we like the way the landscape looks, and then we move them to another area,” Captain Ken VanWig, who oversees the department’s vegetation management program, said in an interview. “They’re very effective.” [snip]

One might think that dispatching the enviro-nazis to do the work of the goats would be more efficacious.
After all there are far more of those Watermelons than goats. It too would give them the chance to actually DO something about the environment.