24 JUN 2014 by ideonexus
The Laffer Curve
The horizontal axis here is level of taxation, and the vertical axis represents the amount of revenue the government takes in from taxpayers. On the left edge of the graph, the tax rate is 0%; in that case, by definition, the government gets no tax revenue. On the right, the tax rate is 100%; whatever income you have, whether from a business you run or a salary you’re paid, goes straight into Uncle Sam’s bag.
Which is empty. Because if the government vacuums up every cent of the wage you’re ... 1 
notes
notes11 APR 2011 by ideonexus
Lovelock Gets the Second Law of Thermodynamics Wrong
Let us again look at the laws of thermodynamics. It is true that at first sight they read like the notice at the gait of Dante's Hell; but in fact, tough as they are and although like income tax they cannot without penalyt be evaded, they can with forethought be avoided. The Second Law states unequivocally that the entropy of an open system must increase. Since we are all open systems, this means that all of us are doomed to die.
1 He gets this backwards. The Second Law only applies to closed systems. We and our planet are not closed systems, we are open systems; therefore, mortality is not required of us. In fact, the second law states that, so long as we can keep exporting entropy by taking in energy from outside sources, we can live forever.
