The Democrats create New Math to explain their Economic Science

The language of science is math. Math is the immutable language of reality and truth, and therein lies its beauty. Physics, the most basic science, is written in the language of math and the other scientific disciplines are emergent frameworks based on the underlying physics of nature. You can think of math as the binary code in your laptop, physics as the operating system and biology, chemistry, geology as apps. Economics is also written in the language of math, and though more abstract than the hard sciences, it is a higher level emergent science and depends on the frameworks of the other applied sciences and the immutable properties of math.

Biden and most Democrats have redefined science as a popular belief that ignores math. “let’s look at the science” is the common statement from these politicians, many of whom do not understand or know what science is. They believe it is based on public opinion and common sense. The most obvious clue to the fact that few of these leaders understand science, and even fewer the underlying math, is their desire to tax our way out of debt.  This cannot be defended by any known math. To pay off your debt you have to have some money left from your income after you pay off all your bills. In an economy income is created by capital investment. If you want to generate income selling pizzas you have to invest in a store. The investment if successful will begin to generate wealth. If you can generate wealth faster than you spend it on costs and taxes you can invest in another pizza shop, and the cycle repeats. Capital creates wealth. If costs or taxes are too high you will never be able to generate enough capital to open another store. You will stagnate of decline. If you borrowed money to open your first store you will not be able to pay if off.

Small businesses are now being hit with a double whammy from Biden. Higher minimum wages and higher taxes. This means less available capital and less investment in any math new or old that you use. The rate of growth in the economy is opposite to that of the rate of taxation. Of course some tax is necessary, but at a low enough level new capital will be generated at a rate such that the tax base actually increases. The Democrats are missing one critical point. Investment is from free cash available after expenses and taxes, and this lies mostly in high income sectors – the sectors they wish to tax the most. A tax on capital gains is no different than fining people for making successful investments.  This discourages new investments and job growth and eventually results in a lower tax base overall. The math is immutable. Opinions about fairness and wealth distribution are not science and not based in any math that shows it can lead to the desired outcome. Examples abound, just look a Russia with an economy smaller than that of Texas and the failure of Venezuaela with some of the greatest natural wealth in the world lying under their feet. (more…)

2021-01-29T18:53:32+00:00January 29th, 2021|Biden, Economics, Politics|

Biden’s Keystone Climate Screw Up a Boon for Russia

Biden Expected to Cancel Keystone XL PipelineBiden shut down the keystone pipeline to save the environment because we need to stop using oil. Most people agree with the last part,  we need to stop using oil, but didn’t anyone tell Biden that the oil is being transported by trucks and ships and trains to dirty refineries, and the Canadians are not going stop just because we don’t build a pipe that would transport it without polluting to cleaner refineries. According to Alberta Premier Kenny “This is a gut punch for the Canadian and Alberta economies. Sadly, it is an insult directed at the United States’ most important ally and trading partner on day one of a new administration.”

The Russians have been trying to stop the pipeline for years to protect their oil prices. Use of oil depends on demand, not on the supply. Clean refined oil from the pipeline will be replaced by dirty oil somewhere else.  This is basic economic science. We need to stop the demand, not the supply! Didn’t anyone learn anything from the war on drugs?  It is always the demand that counts.

The Canadians are not going to stop shipping the oil because we don’t build a pipeline. We need to enact executive orders to stop using oil. this is the worst kind of pathological science. We have years of basic economics telling us we need to shut the demand off to make a difference. Shutting down the pipeline makes it worse. It kills jobs in the northern states, and raises prices so more countries start producing more oil. no one is willing to even question it because they will be ostracized. Even though only 36% of Americans approve of this decision according to a Rasmussan pole, opposing viewpoints and dissenting views are no longer allowed so now we make bad decisions that hurt the environment and opposed by most Americans.

2021-01-28T22:53:06+00:00January 26th, 2021|Biden, Climate Change|

Biden destroys girls’ sports programs

Biden signs order repealing transgender military banJust when I thought Biden could not do anything stupider then when he decided 100 divided by 100 was much greater than 1 divided by 1 about the rate of vaccinations against COVID I did some reading on his executive order titled “Preventing and Combating Discrimination on the Basis of Gender Identity or Sexual Orientation”.  This sounds like  a woke feel good initiative, after all protecting transgender rights is good. Actually it is the worst strike against women’s rights since before suffrage.

One of the fastest women in history, Allyson Felix holds the record in the women’s 400 meter and has several olympic medals and a model athlete for girl’s sports. She is really fast, but over 300 men have broken her record. Not only did they break her record, they did it while they were still in high school!  Well, they were not transgender, so you may think it is not a threat to women’s sports. After all not many high school boys change their gender. This, however, is where the insidiousness of wokeness comes in. It is an Presidential order, meaning it is a Federal statute and the Federal government allows anyone to self-identify as any gender or race they choose. Another gift from the woke Democrats.  So any high school boy just by saying he believes he is transgender can compete in any girls sport. Doesn’t the President have any advisors? This is brainless. He could easily have put some limitations on the friggin order. He is dangerous stupid making dictates without any real thought, science or basis.

This is the most significant blow to sports equality ever. I am sure in several years we will have forced education about the evils of male sports supremacy and why they need to teach men that  scientifically they are not really faster sprinters it is just the subversive right wing propaganda that makes them run faster.

2021-01-29T18:55:27+00:00January 26th, 2021|Biden, Out of Touch with Reality|