“I learned how to think by reading the great books, boldly. It has led to financial success for me. And I’m not alone.
In a videotaped interview in 2012, billionaire inventor Elon Musk, founder of PayPal, Tesla Motors and SpaceX, said a passion for original ideas was a secret to his success. Musk argued that it is essential to base one’s thoughts not on what he called ‘analogy’ — trying to invent something new by borrowing somebody else’s ideas — but rather on ‘first principles.’ ‘Boil things down to the most fundamental truths and say, ‘OK, what are we sure is true?’’ he explained. Doing so, he said, provides far greater opportunity for true innovation, even if it ‘takes a lot more mental energy.’”
February 9, 2016
Penalties for politicians: Column: “We entrust an inordinate amount of power to people who don’t feel any pain when we fall down. The best solution of all is to take a lot of that power back. When the power is in your hands, it’s in the hands of someone who feels it when you fall down. When it’s in their hands, it’s your pain, their gain. That’s no way to run a country.”
I like this idea, along with the idea of sunsets on legislation. If a politician says “let us enact this legislation! We promise that it’ll do X, Y, and Z!” and then it fails miserably, why not have an automatic rollback to the previous situation? If you’re headed down a road and see a dead end sign, it’s common sense to go back to the turnoff and try again. Congress routinely jams through partisan legislation under the assurances of extreme promises only for us to find out later that the promises were empty or the legislation was never structured or intended to do what was promised. So why not hold them accountable? It would make for more transparent, considered, and effective laws. Regardless of your political leanings, that can only be good for the country.
And while we’re at it, why not impose penalties on politicians if their promises do not come to pass? How about some accountability? The citizens have it. It’s time for our leaders to have it as well.
“The evidence continues to mount that minimum wage hikes have economic costs: A Federal Reserve Bank of San Francisco review paper recently found that minimum wages had ‘directly reduced the number of jobs nationally by about 100,000 to 200,000.’ And now a new survey of recent data by Jed Graham of Investor’s Business Daily (h/t RCP) found that minimum wage hikes seem to have taken a toll on hiring in some of America’s major metropolitan areas:
Hiring at restaurants, hotels and other leisure and hospitality sector venues slowed markedly last year in metro areas that saw big minimum-wage hikes, new Labor Department data show [. . .]
The big shortcoming in the available data for 5 of the 6 cities is that they cover broad metro areas, far beyond the city limits where wage hikes took effect. Still, the uniform result of much slower job growth in the low-wage leisure and hospitality sector, even as the pace of job gains held steady in surrounding areas, sends a pretty powerful signal.
It’s important to remember that most of these hikes are much more modest than the $15 dollar minimum that is now officially part of the Democratic Party platform. A hike of that level is unprecedented in American history, so the real impact on job creation is anyone’s guess.”
February 3, 2016
Pretty much says it all, I think. One good thing about having Sanders get the nomination is that the choice will be very stark and clear. With his record voters won’t be able to say they weren’t warned. America will haven actively chosen the form of its’ destruction.