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Cracker Commentary

  Ruminations of a rare and endangered critter, the Florida Native

Not to know what has transacted in former times is to continue always a child. -- Marcus Tullius Cicero

daily link  Wednesday, December 04, 2002

Taxes 101

Walter Williams does real good explaining just how taxes put a drag on the economy.  For example:

Suppose I hire you to repair my computer. The job is worth $200 to me and doing the job is worth $200 to you. The transaction will occur because we have a meeting of the mind. Now suppose there's the imposition of a 30 percent income tax on you. That means you won't receive $200 but instead $140. You might say the heck with working for me -- spending the day with your family is worth more than $140.

You might then offer that you'll do the job if I pay you $285. That way your after-tax earnings will be $200 -- what the job was worth to you. There's a problem. The repair job was worth $200 to me, not $285. So it's my turn to say the heck with it.

There's more.  Go read it all.

 
sez Doug Murray 4:40:55 PM  Link sez you []

Eclipse

Jay Manifold writes about the solar eclipse that you can see today, if you are in Australia or Southern Africa. 

I saw one once in Southern Georgia.

A swamp is a great place to watch.  The still, black water makes a perfect mirror and protects the eyes better than glass.  In 1970, an eclipse crossed the Southeastern U.S., drawing a line of totality right up the Suwanee River into the Okefenokee, where Dad and I were waiting for it at Stephen Foster State Park.  With us were about fifty other Astronomers for a Day and a camera crew from the Today Show who had never seen an alligator before.  More...

 
sez Doug Murray 3:58:53 AM  Link sez you []


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