Joe Pruzzo of the Castle Air Museum joins Dave to talk about this weekends Open Cockpit Day, the four new Aircraft Exhibits, and why the B-47 is such a popular and important airplane.
Yesterday’s episode included short selections from the popular music of the 1780’s that would have been played and danced to as General Washington and the others waited for the Philadelphia Convention to get underway. One of the two pieces has a modern cover by one of Dave’s favorite artists.
El Niño is a’coming! Or is it? If it is, will it end the drought, or just extend our political inertia to not solve the Water Management problem?
Memorial Day is upon us again. Dave recalls the loss of one of his good friends in the Navy during the First Gulf War. The memories also include the Indy 500, Grandpa, Uncle Mick, and the loss of USS Scorpion on this day in 1968.
“[T]he elasticity of demand for the lowest-income consumers is much higher than for high-income consumers. Hence, government can raise significant revenue through higher cigarette taxes without placing a large net burden on the poor. Indeed, for most parameter values our calculations suggest that tobacco taxes are progressive, at east in the U.S. context, with the self-control benefits through reduced smoking exceeding the higher tax cost for the poor.”
– Jonathan Gruber, 2008, “A Modern Economic View of Tobacco Taxation”
Do you really understand what that paragraph taken from a Super-Genius Gruber written report prepared for NYC to help justify rising cigarette taxes through the roof implies? It means that the Gruber believes that cigarette taxes are “progressive” – that the taxes effect rich people more than poor people, like income taxes go up as you make more money. It says that he believes that whatever cost is involved in rising taxes on cigarettes will be offset as more and more poor people quit smoking, which rich people will not. The government will then make scads more money and save more money because the poor people who can’t afford health care will not be getting sick from cigarettes and burdening the government with the cost while the rich people will continue to do so and die.
Only, it didn’t quite work out that way for Eric Garner, did it? Read the rest of this entry