December 04, 2002

There's nothing wrong with

There's nothing wrong with being a little selfish once in a while, especially with the increasing income inequality (note the rising Gini coefficient in the big table of numbers), and the stagnant income of your average (in the median sense) full-time, hard-workin' folks. So it's a little surprising to see people arguing against self-interest.

Of course, you have your Slashdot Libertarians railing against techie unions. Don't these guys realize that the degree-less digital-plumbing jobs are going to be outsourced/commoditized into oblivion? You won't need the arrogant, anti-social geeks anymore, anyway, just your typical single guy willing to work extra hours for the nice car (I hear the BMW M3 is popular) and a home theater system (plasma screens are getting to be almost affordable these days). The real jobs will still be there, but then the people with real jobs wouldn't be dicking around on Slashdot, would they?

I suppose a Tivo owner is going to be at least middle-class with some disposable income, but considering that you need to have well over one million dollars in assets before worrying, why get a hard-on for repealing the estate tax? As long as they're at it, get rid of the income tax, too, or at least make it a non-progressive flat tax. Make up the difference with a national sales tax. All the ideological posturing aside, I don't think they'll be as supportive when they end up on the bent side of the regressive raping. Oh, and there are adverse capital gains implications when you get rid of the estate tax. Oh yeah, we're suppose to repeal the capital-gains tax, too. Well, that'd be another good way to prop up the housing prices, considering that there isn't much headroom left to cut on interest rates.

Posted by mikewang on 05:44 PM