Monthly Archives: April 2018

By far the Earth’s biggest problem

By far the Earth’s biggest problem

The following info and more details can be viewed at:

http://www.worldometers.info/world-population/

“At the dawn of agriculture, about 8000 B.C., the population of the world was approximately 5 million. Over the 8,000-year period up to 1 A.D. it grew to 200 million (some estimate 300 million or even 600, suggesting how imprecise population estimates of early historical periods can be), with a growth rate of under 0.05% per year.

A tremendous change occurred with the industrial revolution: whereas it had taken all of human history until around 1800 for world population to reach one billion, the second billion was achieved in only 130 years (1930), the third billion in 30 years (1960), the fourth billion in 15 years (1974), and the fifth billion in only 13 years (1987).”

  • During the 20th century alone, the population in the world has grown from 1.65 billion to 6 billion.
  • In 1970, there were roughly half as many people in the world as there are now.
  • Because of declining growth rates, it will now take over 200 years to double again.

Expanding on the above: the 6th billion only took 11 years (1998), the 7th billion took 12 years (2010) and now, in 2018 we are at just over 7.6 billion. Even with the rate of increase decreasing the world is projected to exceed 10 billion by 2060.

more on this next week

The Illusion of Substance (Just for Fun)

The Illusion of Substance (Just for Fun)

 One of the many amazing facts that we take for granted is that solid objects exist. I like the following analogy: Assume the nucleus of an atom is the size of a golf ball. Place it in the very center of a football field. Now, how far away are the electrons? The answer is that they are circulating about 50 yards distant (at the goal lines and way past the sidelines)! What this means is that atoms are essentially just “space”.

If this is true, then why do objects appear and feel solid? The reason is that the electrons are moving at a speed of over 99% of the speed of light. In a sense, they provide a force field around the nucleus that provides the “illusion of substance”.

Atoms are extremely small. Our bodies are made up of over octillion atoms (1, followed by 28 zeros). We are primarily (99%) comprised of carbon, oxygen, hydrogen, calcium phosphorus & nitrogen atoms. While most of our atoms are oxygen, the 2nd most prevalent atom is carbon. The nucleus of a carbon atom is comprised of six protons and an average of six neurons (actually can vary from 2 to 12).  And you guessed it, there are six electrons. Thus, the atomic number of carbon is 6.

Our Insane Income Tax Code

Chapter 67 Our Insane Income Tax Code

The original Income tax code, a bit over 100 years old, was 400 pages. Today is now runs 70,000 pages! Originally the rate was a fixed 1% and only paid by highest income earners.

The 1935 form 1040 had 2 pages while the current form contains 100 pages of sub-forms and instructions!

It is estimated that the code results in 9 billion hours (that’s 9,000,000,000) to comply with the tax code and that equates to $400 billion in lost economic productivity In either lost personal time or the cost of paid preparers). This does not include the cost to fund the IRS which currently is running at $13+ billion.

The real problem with the tax code is that it has evolved as a result of special interest influence which creates a plethora of complexity to reward those interests.

The solution is relatively simple, but not politically feasible. The following suggestion is taken from one of my earlier posts as simple way to replace our current level of income tax revenue:

“You have heard several potential solutions to this issue and here is my suggestion:

An average flat income tax of (5%) on all gross income except for capital gains. My math could be a bit off here, but the rate stated should be close to working. I would segment this into five categories with gross incomes at or below the poverty level at 0% (currently $25,000 for a family of 4). I would not provide incentives for larger families). For incomes from $25,000 to $50,000 I would make the rate 2%, from $50,000 to $100,000  4%, from $100,000 – $250,000 6%, from $250,000 – $500,000 at 8%,  and all over $500,000 at 10%. These rates would become the automatic withholding and there would be no deductions

The above would not change either SS or Medicare tax rates.

I would completely eliminate capital gains taxes. Instead I would propose an annual tax on wealth (assets minus liabilities). The proposed rates would be: 1% for under $500,000, 1.5% for $500,000 – $1,000,000, 2% for $1,000,000 to $5,000,000 and 3% for $5,000,000 to $100,000,000 and 4% over $100,000,000.

Also, a flat national sales tax at 2% on all business sales at retail. I would completely eliminate corporate income taxes.

At this time, I would not suggest any change to the excise tax structure.

Note: I have done my best to ensure that the above would effectively replace the total revenue achieved by the current tax system and freely admit that the results may not be perfect, but you get the idea. These numbers can be tweaked to achieve the desired revenue results.”