6/1/17 #1349
Worries about robotization of work destroying jobs; return of the Luddites?
As biotech and artificial intelligence merge are we transforming humans into immortal God-like beings? Luval Harari, author of "A Brief History of Tomorrow" wonders.
In 1961 during the John F Kennedy administration, per capita federal taxes were $4,121 in 2016 dollars. And JFK, a Democrat, wanted to cut taxes. In 2016 federal per capita taxes were $10,114 a 145% increase. Are we getting 145% more for our money?
Federal regulatory costs last year came to $1.9 trillion. Is that a big part of why the current economic recovery is limping along at 2% compared to past recoveries with 3-6% growth rates?
In 1995 there were 7,300 stocks listed on stock exchanges in the U.S. Now there are only 3,600. In a 0% interest rate world and with fewer stock investment choices, what are retirees...and pension funds supposed to invest in to remain in groceries and solvent?
The number of U.S. citizens who have renounced their citizenship has grown from 231 in 2008 to 5411 in 2016. Why might that be?
