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PostRic Mauricio on the US Standard of Living, FAANG (John Eipper, USA, 06/30/17 4:33 am)
Ric Mauricio writes:
Tor Guimaraes (26 June) asked the question: "If the whole America were turned into a huge Silicon Valley, who would pay all the taxes to keep up the nation's infrastructure and our expensive military?"
Well, wouldn't we be paying more taxes if everyone was making more money? I know the tax coffers in Silicon Valley have been filling up, although there are some cities, like San Francisco, who like to adjust their budgets at more than their forecasted revenue. I noticed my church (yes, I still go to church although I seem to disagree with them more than I agree) always sets their budget greater than forecasted "giving," then asking for more. Tsk, tsk. Seems the way of government entities and non-profits.
By the way, the statistics just came out from the FBI on the safest cities in California (I am sure they came out with the national stats as well) and my city, Foster City, came out as the #6 safest city in California. And if you look closer, it came out as the #1 city in Northern California. When I was considering which city to move to in my move from the Sacramento area (I originally moved there from San Francisco), I made a grid and ranked cities and picked my city. Ah, like picking a stock. Ha ha.
Now JE made the statement: "It's no secret that WAISers are largely a mature demographic, so this question is important: Do you complain more or less now than during your youth? I complain less--though I still complain. Have I mellowed with age, or am I just more resigned to the world's injustices?"
Ah, I always tell people, do not call me a mature adult. Mature is boring. Thank goodness, I've retained my youthful wonderment of the universe and the world; always fascinated by the thinking of those, like those who are part of WAIS, who are not afraid to think beyond the box. I laugh at the world. The reason people find Chip Gaines of Fixer Upper endearing is because of his boyish impishness. And you gotta love his wife, Jo, for putting up with it. I find it funny that those who complain that illegal immigrants are taking our jobs wouldn't even consider doing those jobs. "Laugh, and the world laughs with you; Weep, and you weep alone." By the way, I like Dali. I also like Escher. And aren't Elvis, the Beatles, the Stones, Motown, Hendrix, Coltrane and Davis, part of the 20th Century?
Tor, sorry to disagree with you on the China subject, but the reason that jobs are shipped overseas is to produce products at a much more reasonable price than we can possibly produce them. I really doubt that Apple can sell iPhones and iPads for thousands of dollars if produced here. And many jobs here were not lost to overseas but to robotics. In The Graduate, it was plastics. Today it is robotics. Even Chinese workers are being displaced by robotics.
By the way, FANG really is FAANG, with Facebook, Amazon, Apple, Netflix, and Google, though technically one can say it is FAAAN, if Google is included as Alphabet. And finally, Cameron Sawyer did an excellent treatise on how the world turns economically. Yes, the world seems to be one big soap opera.
JE comments: FANG/FAANGs are in; so is STEM. BRICS (Brazil, Russia, Indian, China, South Africa) are out. Can a historical era be judged by the acronyms it keeps? What happened to the EU's PIIGS?
The WAIS Effect strikes again: at the (extended) family dinner table last night, we were talking about the lovable, mediagenic Gaines family. They embody the very best of the can-do-it spirit that built America. Now we don't build; we fix it and "flip" it.