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I’m curious what percentage of the public would get an education if there weren’t public schools. Any guesses?

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I’m curious what percentage of the public would get an education if there weren’t public schools. Any guesses?

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I’m curious what percentage of the public would get an education if there weren’t public schools. Any guesses?

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[quote=patientrenter]A 30% devaluation of the dollar would, after 5 years, work wonders for our economy. It would be even better if paired with a zero-inflation target and enforcement regime, but that ain’t ever going to happen. Gotta keep taxing savers while pretending we’re not, to keep our delusions of double-digit returns on investment going forever.[/quote]

My Rover comment was in jest. My other examples (Apple, MS, Qualcomm, Google, etc.) illustrate my point that the US isn’t some barren desert of innovation that some on this board seem to believe.

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[quote=patientrenter]A 30% devaluation of the dollar would, after 5 years, work wonders for our economy. It would be even better if paired with a zero-inflation target and enforcement regime, but that ain’t ever going to happen. Gotta keep taxing savers while pretending we’re not, to keep our delusions of double-digit returns on investment going forever.[/quote]

My Rover comment was in jest. My other examples (Apple, MS, Qualcomm, Google, etc.) illustrate my point that the US isn’t some barren desert of innovation that some on this board seem to believe.

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[quote=patientrenter]A 30% devaluation of the dollar would, after 5 years, work wonders for our economy. It would be even better if paired with a zero-inflation target and enforcement regime, but that ain’t ever going to happen. Gotta keep taxing savers while pretending we’re not, to keep our delusions of double-digit returns on investment going forever.[/quote]

My Rover comment was in jest. My other examples (Apple, MS, Qualcomm, Google, etc.) illustrate my point that the US isn’t some barren desert of innovation that some on this board seem to believe.

[afx114]

[quote=patientrenter]A 30% devaluation of the dollar would, after 5 years, work wonders for our economy. It would be even better if paired with a zero-inflation target and enforcement regime, but that ain’t ever going to happen. Gotta keep taxing savers while pretending we’re not, to keep our delusions of double-digit returns on investment going forever.[/quote]

My Rover comment was in jest. My other examples (Apple, MS, Qualcomm, Google, etc.) illustrate my point that the US isn’t some barren desert of innovation that some on this board seem to believe.

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[quote=patientrenter]A 30% devaluation of the dollar would, after 5 years, work wonders for our economy. It would be even better if paired with a zero-inflation target and enforcement regime, but that ain’t ever going to happen. Gotta keep taxing savers while pretending we’re not, to keep our delusions of double-digit returns on investment going forever.[/quote]

My Rover comment was in jest. My other examples (Apple, MS, Qualcomm, Google, etc.) illustrate my point that the US isn’t some barren desert of innovation that some on this board seem to believe.

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[quote=jpinpb]We invented and created things that advanced us as a society. We are not in the forefront of anything and haven’t been for a very long time.[/quote]

We still do invent and create things that advance us as a society (Apple, Microsoft, Qualcomm, Google, etc). The problem is that none of the things we invent are actually made here anymore.

“Designed by Apple in California. Assembled in China.”

That Mars Rover was pretty neat too.

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[quote=jpinpb]We invented and created things that advanced us as a society. We are not in the forefront of anything and haven’t been for a very long time.[/quote]

We still do invent and create things that advance us as a society (Apple, Microsoft, Qualcomm, Google, etc). The problem is that none of the things we invent are actually made here anymore.

“Designed by Apple in California. Assembled in China.”

That Mars Rover was pretty neat too.

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[quote=jpinpb]We invented and created things that advanced us as a society. We are not in the forefront of anything and haven’t been for a very long time.[/quote]

We still do invent and create things that advance us as a society (Apple, Microsoft, Qualcomm, Google, etc). The problem is that none of the things we invent are actually made here anymore.

“Designed by Apple in California. Assembled in China.”

That Mars Rover was pretty neat too.

[afx114]

[quote=jpinpb]We invented and created things that advanced us as a society. We are not in the forefront of anything and haven’t been for a very long time.[/quote]

We still do invent and create things that advance us as a society (Apple, Microsoft, Qualcomm, Google, etc). The problem is that none of the things we invent are actually made here anymore.

“Designed by Apple in California. Assembled in China.”

That Mars Rover was pretty neat too.

[afx114]

[quote=jpinpb]We invented and created things that advanced us as a society. We are not in the forefront of anything and haven’t been for a very long time.[/quote]

We still do invent and create things that advance us as a society (Apple, Microsoft, Qualcomm, Google, etc). The problem is that none of the things we invent are actually made here anymore.

“Designed by Apple in California. Assembled in China.”

That Mars Rover was pretty neat too.

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Krugman:

The seeds of California’s current crisis were planted more than 30 years ago, when voters overwhelmingly passed Proposition 13, a ballot measure that placed the state’s budget in a straitjacket. Property tax rates were capped, and homeowners were shielded from increases in their tax assessments even as the value of their homes rose.

The result was a tax system that is both inequitable and unstable. It’s inequitable because older homeowners often pay far less property tax than their younger neighbors. It’s unstable because limits on property taxation have forced California to rely more heavily than other states on income taxes, which fall steeply during recessions.

Even more important, however, Proposition 13 made it extremely hard to raise taxes, even in emergencies: no state tax rate may be increased without a two-thirds majority in both houses of the State Legislature. And this provision has interacted disastrously with state political trends.

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Krugman:

The seeds of California’s current crisis were planted more than 30 years ago, when voters overwhelmingly passed Proposition 13, a ballot measure that placed the state’s budget in a straitjacket. Property tax rates were capped, and homeowners were shielded from increases in their tax assessments even as the value of their homes rose.

The result was a tax system that is both inequitable and unstable. It’s inequitable because older homeowners often pay far less property tax than their younger neighbors. It’s unstable because limits on property taxation have forced California to rely more heavily than other states on income taxes, which fall steeply during recessions.

Even more important, however, Proposition 13 made it extremely hard to raise taxes, even in emergencies: no state tax rate may be increased without a two-thirds majority in both houses of the State Legislature. And this provision has interacted disastrously with state political trends.

[Author]

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