Daily Archives: October 3, 2017

Black Holes, Cosmic Collisions and the Rippling of Spacetime

Scientific American has the article Black Holes, Cosmic Collisions and the Rippling of Spacetime.

Gravitational wave astronomy, where we view the Universe not in light or particles but by picking up the vibrations of spacetime itself, is a true revolution in our view of the cosmos. We can only guess at what it might show us as we continue to feel our way forward into the vast unknown.

If you want an explanation of the concept of spacetime, look at my previous post CERN scientists simplify space-time in 3 short videos. That should clear up any questions you might have. 🙂

Trump’s Tax Plan Increases Marginal Taxes for Only the Poorest Tax Payer

New Economic Perspectives has the article The Poorest Tax Payers to Pay the Most Under Trump Plan.

NEP’s Bill Black appears on The Real News Network and says that both Republicans and Democrats are financially illiterate when they speak about the deficit, and Trump’s economic experts are ‘completely disconnected from the real world.’

The title on the YouTube video is Trump’s Tax Plan Increases Marginal Taxes for Only the Poorest Tax Payer.

I was of two minds about posting this video. It has a lot of good information in it, but it has a few flaws. The flaws muddy up the message.

The good stuff you can get from the video include the fact that taxes do redistribute income (lately the redistribution is in the upward direction). Bill Black cares about tax cuts because it just redistributes even more income to the wealthy.

Bill’s explanation of the difference between the deficit and the debt is somewhat off point, but possibly exactly backwards. I am surprised that he, of all people, would confuse that issue. The national debt the accumulation of deficits over the years. I bet he wishes he could take back what he said.

Talking about losing political arguments, the one about taxes not funding spending may be literally correct, but is too strange a claim to be worth using.