Trump Derangement Syndrome - Orange man bad. Read the OP! (ᴛʜɪs ᴛʜʀᴇᴀᴅ ɪs ʟɪᴋᴇ ᴋɪᴡɪ ғᴀʀᴍs ʀᴇᴠɪᴇᴡs ɴᴏᴡ) 🗿🗿🗿🗿

[Freddy Freaker]

Why would anyone want to retire in Florida?

It's fucking Florida.

They're fucking boomers. They can go down to Orlando and buy a home in the Jimmy Buffet Latitude Margaritaville community like they've been giving away through Wheel of Fortune.

 

[BR55]

Oh! Duh I forgot the biggest bomb of them all.

Jonah believes - i swear I am not making this up - that there is ANOTHER transcript out there. Of the Ukraine phone call. One that is likely more damaging.

Folks, keep your eyes & ears open for this theory among the nutty. It could get fun.

You're making that up. You have to be making that up.
Christ he's accusing Trump of pulling a Nixon.
NeverTrumpers are the only people with TDS worse than progressives I swear.
For fucks sake Jonah your pathetic limp wristed brand of conservatism is dead just fucking accept it.

 

[Matthew216]

The New York Times already thinks it knows the reason Trump is moving to Florida.

So it's about Taxes?

 

[Flexo]

You're making that up. You have to be making that up.
Christ he's accusing Trump of pulling a Nixon.
NeverTrumpers are the only people with TDS worse than progressives I swear.
For fucks sake Jonah your pathetic limp wristed brand of conservatism is dead just fucking accept it.

I swear I'm not. Here's the link again.

Impeachy Keen Democrats - Ricochet

AEI law-talker guy Adam White returns to the Remnant to try to make sense of Democrats’ attempt to impeach President Trump. Shownotes –The Dispatch –Adam White –Adam White’s last episode –Adam White and Stuart Taylor on presidential oversight –Adam White on House oversight at the beginning of...

ricochet.com

Jump to exactly 42:15. It's like 45 secs.

 

[Vivec]

The New York Times already thinks it knows the reason Trump is moving to Florida.

So it's about Taxes?

In the Times' defense, tax flight is a very real thing, and NY to Florida is the #1 route of interstate tax emigration. #2 is to no surprise, California to Texas.

I R O N I C A L L Y - guess which paper was saying NY tax flight was a myth back in 2013?

Sorry New York Times, Tax Flight of the Rich Is Not a Myth

Stewart uses the time-honored Times’ template to patch together his political case in the guise of objective economics.

www.forbes.com

James B. Stewart writes “Common Sense” for the Business Day section of The New York Times. A Pulitzer prize-winning journalist and a professor of journalism at Columbia, Stewart’s The Myth of the Rich Who Flee From Taxes is either amateurish economics or deliberate distortion to pursue a political agenda.

Stewart writes to dispel, as a myth not worth thinking about, the notion that high marginal tax rates in one municipality, state, or a country push the wealthy to move to lower-tax locations. He assures his readers that although the notion “on its face seems to make sense…it is not the case. It turns out that a large majority of people move for far more compelling reasons, like jobs, the cost of housing, family ties or a warmer climate.” (Stewart: Stop the “Strawmanism.” No one claims tax rates are the primary determinant of where we live).




Today In: Opinion

As proof of the myth, Stewart cites “three recent academic studies that have demonstrated that the number of people who move for tax reasons is negligible, even among the wealthy.” One, by a Stanford sociology professor, finds that “neither tax increases nor tax cuts on the rich have affected their migration rates.” Three co-authors from the pro-tax Center on Budget and Policy Priorities conclude that “Tax Flight Is a Myth.”

Stewart then cites Gregory Mankiw, chair of economics at Harvard, author of a popular Econ 101 text, and a frequent op ed writer for the Times, that tax flight is not a myth. Says Mankiw: “Rich people can pretty much live anywhere. If you’re a retired person trying to decide between Palm Beach and Santa Barbara, the tax difference between Florida and California is huge. If you’re an academic choosing between Stanford and Harvard, it might be a factor.” (Massachusetts has a flat income tax rate of 5.3 percent.) Even worse, one of the authors of Tax Flight Is a Myth appears to concur with Mankiw: “People who are very rich, who are retired or who aren’t tied to a particular location, do change their residency at a high rate based on tax differentials.”

PROMOTED


To add insult to injury, Emmanuel Saez -- the J.B Clark award winner, whose studies of growing wealth concentration are cited with reverence by the Times – finds tax flight far from a myth. In his widely-cited study of millionaire soccer stars (Taxation and International Migration of Superstars: Evidence from the European Football Market), Saez and his co-authors find that “the overall location responses to the net-of-tax rate is positive and large, with an elasticity of the number of foreign players to the net-of-tax rate around one (and an elasticity of the number of domestic players around .15).” In other words, foreign players move readily in response to higher taxes, much more than local players. Tell Real Madrid that millionaire tax flight is a myth.

Stewart’s dismissal of taxes as a factor explaining where we live – along with family ties, language, and climate – displays his ignorance of scientific methodology. Any decent economist would use standard econometrics to hold these other factors constant to isolate the ceteris paribus effect of taxes. Using Stewart’s logic, we should declare Co2’s effect on global temperature a myth because it is only one of many factors affecting climate, clearly nothing compared to the sun.

My literature review suggests that most economic researchers find that, when other factors are held constant, higher taxes do indeed reduce the level of economic activity and hence migration (See What Is the Evidence on Taxes and Growth?). But in economics, as in other scientific disciplines (including climate science, I might add), there is never a “settled science.” There are always new data sets, new theories, and new methodologies that require revisiting earlier studies. Scholarly papers rarely dismiss any plausible hypothesis as a “myth” (especially on the basis of flimsy evidence). They know that the next study could come to quite different conclusions.

Stewart’s The Myth of the Rich Who Flee From Taxes would be laughed out of any economics seminar as the work of an amateur. But is he writing politics disguised as economics? Indeed, one of his respondents lays bare the naked political agenda behind the article: “You can always find an anecdote. Many people want this to be true as a way to discourage tax increases. The rich are always trying to find ways to make the middle class make their arguments for them.”

You see, Stewart had to slant this article to thwart the greedy rich who use tax flight as a bugaboo to hold down their own tax rates.

Now I understand: Stewart is not necessarily an incompetent economist, but a skillful political infighter, who deploys bad economics to discredit the anti-tax Tea Party, Rick Perry’s recruiting of California’s entrepreneurs, complaints about the fiscal suicide of high tax states, and millionaire industrialists and actors hightailing it out of France to thwart Hollande’s 75% tax.

Stewart uses the time-honored Times’ template to patch together his political case in the guise of objective economics: First, find “experts” who agree with you, build up their credentials, and cite them freely. Second, interview other experts who disagree but bury them deep in the text while obfuscating their disagreement. Third, label those who agree with you as non-partisan and those who disagree partisan. Fourth, select a headline that makes your case even if the headline distorts the content of the article.

If the New York Times has the lack of conscience to headline Mitt Romney’s call for a structured bankruptcy of GM as Let Detroit Go Bankrupt, it should have no qualms headlining Stewart’s manipulative piece as The Myth of the Rich Who Flee From Taxes.

 

[heyitsmike]

That's a rather significant caveat, dawg. It kinda calls into question everything else, dontcha think?

 

[Dante Alighieri]

I'm becoming more and more convinced we need to just fire every single person (at every single level) in the government and replace them all by lottery. Amend the constitution so this happens every 200 years, right when we start getting too big for our own britches.

Or just decentralize everything. California shouldn't be telling everybody else how to live.

 

[Godzilla@1989]

Beto drops out!

Beto O’Rourke Drops Out of the Presidential Race

The former Texas congressman, who energized Democrats in a Senate race last year, began his White House run to great fanfare but failed to build significant support.

www.nytimes.com

 

[Sexy Peach Emoji]

That's a rather significant caveat, dawg. It kinda calls into question everything else, dontcha think?
View attachment 993425

I feel that 2020 will be a watershed, but not for the reasons he is thinking. I also dont think it will be a total landslide or wipeout of dem holdings. I just think Trump gets reelected.

Beto drops out!

Beto O’Rourke Drops Out of the Presidential Race

The former Texas congressman, who energized Democrats in a Senate race last year, began his White House run to great fanfare but failed to build significant support.

www.nytimes.com

How much money is he walking away with? How many homes will he own by the end of next year?

 

[ObeseScreamingBlackMan]

No, not Paddy Sanchez! Now who will thirsty middle-aged Facebook moms finger themselves over?

 

[Scandinadian Bacon]

I love Beto. He shows up in the midterm and wastes a ton of DNC money on a lost cause. And loses. Then he reemerges in the Presidential election to undermine decades of DNC policy and talking points. Then he fucks off with money and fame.

Alpha.

 

[Ruin]

Lmao he lost to Zodiac and Orange Man.

 

[SmileyTimeDayCare]

I feel that 2020 will be a watershed, but not for the reasons he is thinking. I also dont think it will be a total landslide or wipeout of dem holdings. I just think Trump gets reelected.


How much money is he walking away with? How many homes will he own by the end of next year?

Not saying I called it but notice how I didn't mention him in my Hilldawg rant yesterday.

Now he is free to pursue his Pica and perhaps even kill a child like he's always wanted to do! Good luck out there Beto. Enjoy the money morons(and Soros) gave you.

 

[JambledUpWords]

Beto dropping out isn’t surprising at all. He’s been a rounding error the entire time. His gun rhetoric and El Paso sperging only made him more unlikable. What astonishes me is how long he lasted in the first place.

 

[Iron Hamster]

Old retirement age boomer becomes Florida resident. Remove him being president from the equation and it's as much of a non-story as could be.

Interesting to note however that this official residence change makes him the first Presidential resident Florida has ever had.

Why would anyone want to retire in Florida?

It's fucking Florida.

I'm sad he missed the obvious troll of making his residence Del Boca Vista

 

[TowinKarz]

Beto dropping out isn’t surprising at all. He’s been a rounding error the entire time.

The media should probably take care to stop calling his support "energizing" and having "great fanfare" when by the statistics, he has anti-support.

 

[Freddy Freaker]

That's a rather significant caveat, dawg. It kinda calls into question everything else, dontcha think?
View attachment 993425

Prediction: 2020 and 2021 are going to be miserable/insufferable no matter what happens on election day. I was wrong last time, but the sheer level of propaganda and all the people who take it serious without question. I seriously expect real violence.

 

[qu_rahn]

Beto's run was the equivalent of getting beat up by your older brother and then trying to fight Ivan Drago

 

[Ruin]

Harris laid of 30% of her staff today so my money is on her for the next dropout.

 

[Capsaicin Addict]

Harris laid of 30% of her staff today so my money is on her for the next dropout.

Probably. Her poll numbers are hilariously anemic and she's about as likable as a rabid skunk, so she lacks even the prospect of snagging the VP slot.