Paul Kedrosky's Infectious Greed

Twitter Digest: 2011-10-26

Posted: 26 Oct 2011 12:00 PM PDT

Dirty money: Canadians mistake a strand of DNA on new $100 bill for a sex toy. http://t.co/EOfPnzoG #
Madrick/Partnoy: Should Some Bankers Be Prosecuted? http://t.co/Z7vaQd4V #
Technology & the evolution of tennis: Trading aces – http://t.co/CINAoS4h /via @EddyElfenbein #
Rumors that I am in talks to acquire RIMM are completely untrue. [There, now there is no-one left unrumored about.] #
I was thinking of calling it "Kedroxter". RT @ReformedBroker: @pkedrosky Kedrosky in Motion $KIMM #
Someone emailed yesterday to say he just saw a quote from me running onscreen in an NYC elevator. #ImBiginElevators #
Zulauf: Alea jecta est, morituri te salutamus, the game is afoot. Or something. http://t.co/eTk2lRYm #
.@jbminn I am currently Bloomberg's special correspondent for both jello and nuclear fusion. #
For we Asterix & Obelix geeks only, but … Asterix Latin jokes explained – http://t.co/zvhz6zng #
BBC documentary: The British establishment: Who for? How it stumbles from crisis to crisis – http://t.co/5hFlntV9 #
RT @TechCrunch: Wikinvest Brings Its Investment Portfolio Tracker To The iPad http://t.co/rPc18Ufk #
The moral case for NGDP targeting http://t.co/S0jKmGuZ, by @interfluidity #
Must we do this again? RT @peHUB: France's "Silicon Sentier" Thrives as Web Hotbed http://t.co/U7LCkNTV #
Whoa, Walken and Bourdain together, like a street-style supergroup – http://t.co/H7x94R3O #
Today in we are _so_ screwed RT @mashable: Leonardo DiCaprio Dives Into the Startup Scene – http://t.co/hgUbHRFU #
Amazon getting Netflix-ed afterhours. I genuinely thought I bought enough books there this quarter to drive an earnings beat. #
I feel I should point out that I am the cause of tomorrow's snowstorm in Colorado. #
I apparently now now get all emails from @herbgreenberg intended for his mechanic. #
Salomon Freeski TV takes a look at Norwegian ski culture. Gorgeous footage. http://t.co/VRSxXWQJ /via @jeffbrines #
Opensignalmaps is a nifty idea. Too bad its data seems even spottier than cell coverage. http://t.co/l8FPddO6 #
It's so cute that humans think a few decades is a long time. #
Wrote a review of the new Steve Jobs biography. Should be posted shortly, and I'll tweet the link when it's up. #
Provocative: Why Goldman Sachs is being tarred unfairly – http://t.co/nyRoW03e #
The perceived absurdity of Bayesian inference http://t.co/cVdINto2 #
Today in strange Bloomberg headlines: BofC Beats HSBC as Dim Sum Market Opened http://t.co/pzkfEZKt #
When/how did "I'm/you're/they're doing it wrong" become a meme? #
More early "Doing it wrong" spotting RT @hedgefundinvest: @pkedrosky January 21, 2004 http://t.co/ZShNQCjq #
Like Brent, and conceding that RSS readers are passé, I still wish I could find one that synced outside Google Reader – http://t.co/4PjGkEgD #
El Hierro Submarine Eruption : Image of the Day http://t.co/3mqoOGet #
Good overview: New Technologies Redraw the World's Energy Picture – http://t.co/xZfbvjiY #
Almost perfect edge-of-apocalypse photo from the ongoing Thai floods – http://t.co/Sl2iNfDU /via @GreatDismal #
We need Dungeon Masters for the real world http://t.co/raxDVJkr #
What Is It About "Simpler Taxes" That Politicians Don't Understand? – http://t.co/3l65017T #
New paper: Inattention to rare events – http://t.co/1fKPj89S #

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Rick Perry’s H&R Block Plan

Posted: 26 Oct 2011 09:47 AM PDT

From Cassidy in NY-er:

Let's do the politics first. Whatever you think of Cain's "9-9-9" plan—and as I've said repeatedly, I don't think it bears inspection—it is simple and snappy. Tear up the tax code. Tax workers, businesses, and consumers at nine per cent. That's it. (Actually, in response to criticisms, it's become a bit more complicated recently—but that was how it started out.)

Perry's plan, by contrast, keeps the current tax code in place but gives people the option of opting out of it and paying a flat tax of twenty per cent. This means that under President Perry—say it to yourself a few times and see how it sounds—there would be two tax systems, not one. Perhaps in Texas, that counts as simplifying the tax code and cutting out the army of accountants, tax experts, and other leeches who feed on the current system. Elsewhere, it would mean hiring an accountant to figure out what is the best deal for you. Perhaps it should be called the "H&R Block Plan."

via Rational Irrationality: Rick Perry's Ugly Tax Hybrid: Not Flat, Not Fair, Not Credible : The New Yorker.