Thursday, July 17, 2014

Bad math from the White House

They use this chart to show that we are aging and do not pay taxes as retirees. Then they claim cyclical effects.

But they fail to connect the dots. The cycles are government driven, and the aging is a result of bad management of government pension systems. And all of the bad government is the failure of California to secure proportional voting.


First the aging. I went over this.  The Social Security system is unstable because it does not get updates every 15 years or so, this is simply a sampling problem.  The updates never happen because absent fair voting in New York and California, politicians use fear and fraud.

Second the cycles. Look at the grey bars. The cycles coincide with presidential elections and result from regime change every eight years. That is again the result of the lack of proportional voting and the power of large states in presidential elections.





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