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Basic Econometrics of Tax Revenues and Inequality

The following is the first of several short articles on the relationship between public finances, economic growth, and economic welfare. In this case two variables are considered, the Gini Coefficient of Income and the Total Tax Revenue as a percentage of GDP for OECD countries. In both cases the data is from c2018, the "circa" indicating that in some cases the data is a year or two older.

The Trumps Lie About the Pfizer vaccine

Donald Trump is now seriously arguing that the FDA deliberately withheld trial data from their COVID-19 vaccine until after the election.

"The @US_FDA and the Democrats didn’t want to have me get a Vaccine WIN, prior to the election, so instead it came out five days later – As I’ve said all along!"

The real story is:

The Elimination Strategy

Global COVID-19 cases hit 50 million; 1.25 million dead.

The rate is now over 600K new infections per day, and 9K dead per day.

On September 17 I pointed out that global cases of the coronavirus-19 pandemic had reached 30 million.

On August 10 we had hit 20,000,000 cases.

Listen to the Scientists: The Continuing March of SARS-CoV-2

It has to be said that Victoria, AU, has managed something quite impressive.

Neil Mitchell is a mendacious, loud-mouthed, cockwomble

Neil Mitchell believes: "Because despite meeting the targets, our Premier has decided to delay any further reopening in the metropolitan area, and make restricted changes in regional Victoria... The targets were met. People did the right thing despite the pain. And having been promised likely relief, they got none."

Labour Re-elected in New Zealand

As a dual-citizen and member of the Labo(u)r Party in both countries, this a delicious result. Especially after the ludicrous character assassination attempts by the Murdoch-Tory media in AU, and the attempted dumb-populism politics of Judith Collins.

National Party will be in the wilderness for a while. The libertarian-propertarian wing will find themselves heading to ACT, the conservative uglies maybe towards the New Conservative Party. Whilst will be left will be a corporatist shell, with most of the middle-class already in the left-leaning big tent of Labour.

US Election Prediction

With a month to go, this is how I think it will play out on current predictions and trends.

Keep an eye on Georgia, especially. Not a critical state (that's Penn, Wisc, etc, the "rust belt"), but rather a litmus on how much Trump will lose by.

I remember in the 2008 election contacting a US Dem pollster and suggesting that was winnable in the longer term. They didn't think it was quite ready, yet.

If I were the Dems, I'd be looking hungrily at Texas in the future as well.

Valedictions, Peter Simpson

A little over twenty years ago I had the opportunity to meet this great man in person after talking to him online for some time via the usenet group aus.politics.

We talked politics, we talked about unionism, we went back to Jika and we sampled a rather interesting Croatian sour plum liquor.

We stayed in some contact over the years. His family should know that he was held in high esteem for his commitment to the cause of working people.

ETU Queensland & NTFollow
24 September ·
Vale Peter John Simpson "Simmo" 3/5/1963 – 24/9/2020

Tories as Corrupt Thieves

"This is a devastating day for Australia. It's a heartbreaking blow to Australians around the country," Prime Minister Scott Morrison said.

'... So we're going to give tax cuts to those on incomes of greater than $200K and freeze pensions.'

The lack of knowledge of the basics of macroeconomic theory and public economics from this pack of malicious corrupt thieves is simply astounding.

I do feel sorry for any decent social liberals still in the Liberal Party, and I know that there are some of you out there.

Tim Smith: An Embarrassment

My state member of parliament is an embarrassment to the electorate, and even to the Liberal Party.

29.5K have voted "care" (out of 34K) in his contrived attempt to rig a poll.

Unsurprising to discover that he was unaware that there was a "care" option. Or that he accuses the premier of being "Dictator Dan" (which shows all the cleverness of a six-year-old) and then tries to force people to vote for one option.

The Victorian Parliament would be a better place without him.

Send him a message.


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