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Showing posts from 2015

Free market fixes for climate change?

In her recent article for the Chicago Tribune titled "End climate change scare tactics; try free market fixes" Rachel Marsden dismisses President Obama's recent concerns about climate change as a threat to global security and goes on to suggest that although there is no way to control the earth's climate we can adjust by allowing multinational corporations to conquer the environment. Both of these claims seem misguided to me for a number of reasons.

As to the concern about security and the environment there are many documented cases of destruction of the environment by human action and subsequent societal collapse. The story of Easter Island is a good example, and may serve as a miniature version of what could happen globally.

As the earth's climate changes, areas that were marginally able to support the local population will suffer. And unfortunately the results are not self contained. Collapse results in lawlessness, chaos, and refugees who naturally head for t…

Lets Cut Taxes!

The Texas legislature is in session and a tax cut is on the agenda with two competing proposals. One is to reduce property taxes and the other is to reduce sales taxes. Which one is the best?

I've been complaining about property taxes for years, and since I'm close to retirement I see property taxes as an unending, uncontrollable, and increasing drain on my future fixed income. Sales taxes on the other hand are proportional to my spending, and so somewhat controllable. That's why I'd prefer the property tax cut.

But on further reflection I changed my mind. Here's why...

If government is going to work it needs to be fair, but historians and economists know that this isn't the natural order of things. Throughout history wealth has tended to become concentrated. People in power naturally act in their own self interest, and the result is to further increase their power and wealth. I don't see this as intentionally evil. It's simply the result of rational (a…