header pic

Perhaps the BEST B1G Forum anywhere, here at College Football Fan Site, CFB51!!!

The 'Old' CFN/Scout Crowd- Enjoy Civil discussion, game analytics, in depth player and coaching 'takes' and discussing topics surrounding the game. You can even have your own free board, all you have to do is ask!!!

Anyone is welcomed and encouraged to join our FREE site and to take part in our community- a community with you- the user, the fan, -and the person- will be protected from intrusive actions and with a clean place to interact.


Author

Topic: In other news ...

 (Read 991045 times)

Cincydawg

  • Oracle of Piedmont Park
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 71536
  • Oracle of Piedmont Park
  • Liked:
Re: In other news ...
« Reply #29890 on: March 27, 2024, 12:28:45 PM »
If you don't replace your population over time, bad things happen.  I think if it's not growing at a decent rate, bad things happen.  

GopherRock

  • Starter
  • *****
  • Posts: 2428
  • Liked:
Re: In other news ...
« Reply #29891 on: March 27, 2024, 12:29:41 PM »
If you don't replace your population over time, bad things happen.  I think if it's not growing at a decent rate, bad things happen. 
Exhibit A is South Korea.

Cincydawg

  • Oracle of Piedmont Park
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 71536
  • Oracle of Piedmont Park
  • Liked:
Re: In other news ...
« Reply #29892 on: March 27, 2024, 12:34:22 PM »
38 South Korea0.2340 Thailand0.2041 China0.1842 HKG0.1543 Taiwan0.0344 Maldives-0.1745 Japan-0.41

It's really Japan where it's a major issue today.  RoK is growing albeit slowly.


medinabuckeye1

  • Legend
  • ****
  • Default Avatar
  • Posts: 8906
  • Liked:
Re: In other news ...
« Reply #29893 on: March 27, 2024, 12:34:27 PM »
Yeah, they did away with that policy.

And as you and CD point out, while medina thinks people are a net drain on an economy, failing to replace those people certainly seems to be a... Much worse drain on an economy.

I was being flippant because I wanted to express the opposite position (more workers is a good thing for an economy) but didn't have the time to go into a longer economic argument.
You are smarter than this. 

If we had a CFN community of 10 people who each earned an average of $150,000 our "GDP" would be $1.5M and our per-capita GDP would be $150k. If we added an immigrant who earns $40k our "GDP" would grow by $40k to $1,540,000 but our per-capita GDP would shrink to $140k. 

medinabuckeye1

  • Legend
  • ****
  • Default Avatar
  • Posts: 8906
  • Liked:
Re: In other news ...
« Reply #29894 on: March 27, 2024, 12:37:51 PM »
According to Google the fastest growing countries in the world are Rawanda, Ethiopia, and Guyana. Should we try to be more like them?

Cincydawg

  • Oracle of Piedmont Park
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 71536
  • Oracle of Piedmont Park
  • Liked:
Re: In other news ...
« Reply #29895 on: March 27, 2024, 12:38:58 PM »
The per capita would shrink, but the total would increase.  The same is true in reverse if some higher wage earner retires.  Maybe these analyses are flawed, I can't tell, but broadly speaking, folks seem to think it's a net benefit.

The Effects of Immigration on the United States’ Economy — Penn Wharton Budget Model (upenn.edu)

Economists generally agree that the effects of immigration on the U.S. economy are broadly positive.

Immigrants, whether high- or low-skilled, legal or illegal, are unlikely to replace native-born workers or reduce their wages over the long-term, though they may cause some short-term dislocations in labor markets. Indeed, the experience of the last few decades suggests that immigration may actually have significant long-term benefits for the native-born, pushing them into higher-paying occupations and raising the overall pace of innovation and productivity growth. Moreover, as baby boomers have begun moving into retirement in advanced economies around the world, immigration is helping to keep America comparatively young and reducing the burden of financing retirement benefits for a growing elderly population. While natives bear some upfront costs for the provision of public services to immigrants and their families, the evidence suggests a net positive return on the investment over the long term.

How does immigration affect the U.S. economy? - The Science Behind It.

This seems to be the general consensus (which doesn't mean it's right).
« Last Edit: March 27, 2024, 12:58:11 PM by Cincydawg »

847badgerfan

  • Administrator
  • Hall of Fame
  • *****
  • Posts: 25204
  • Liked:
Re: In other news ...
« Reply #29896 on: March 27, 2024, 12:44:09 PM »
Which one of us are natives?

We are all immigrants or decedents thereof.

We need more immigrants. I just want it done the right way. Look at the Cubans in Florida as an example.
U RAH RAH! WIS CON SIN!

Cincydawg

  • Oracle of Piedmont Park
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 71536
  • Oracle of Piedmont Park
  • Liked:
Re: In other news ...
« Reply #29897 on: March 27, 2024, 12:45:03 PM »
I'm not yet a decedent at all, maybe tomorrow.;)

betarhoalphadelta

  • Global Moderator
  • Hall of Fame
  • *****
  • Posts: 12184
  • Liked:
Re: In other news ...
« Reply #29898 on: March 27, 2024, 01:20:24 PM »
You are smarter than this.

If we had a CFN community of 10 people who each earned an average of $150,000 our "GDP" would be $1.5M and our per-capita GDP would be $150k. If we added an immigrant who earns $40k our "GDP" would grow by $40k to $1,540,000 but our per-capita GDP would shrink to $140k.
The addition of that $40K immigrant doesn't reduce my income at all. In fact, that immigrant may provide goods and/or services that I prefer to spend a portion of my income on. 

Let's put it another way--what's better? An immigrant or a native-born American child?

  • The immigrant comes pre-educated. None of my tax dollars need to be spent to educate them.
  • The immigrant comes ready to work. The child spends 18(+) years as a non-producing dependent of other people, just draining the system of resources.
  • The immigrant doesn't mean that any existing workers have to remove themselves from the workforce in order to be a parent. We can have more single-person or two-person households where both are working and adding to the tax system, instead of one working part-time or perhaps leaving the workforce entirely to be a full-time parent. 

I think if we assume people are bad for the economy, we should prioritize which is worse. Let's have more immigrants and fewer babies!


betarhoalphadelta

  • Global Moderator
  • Hall of Fame
  • *****
  • Posts: 12184
  • Liked:
Re: In other news ...
« Reply #29899 on: March 27, 2024, 01:45:05 PM »
I don't blame you because the money on BOTH sides of the aisle tell you this all the time. They even buy studies that purport to "prove" it, but this is wildly untrue.

The welfare state and benefits like Social Security and Medicare make nearly any additions to the pool of recipients a net negative for us all economically.

Social Security and Medicare are substantially underwater. Ignore immigrants for a moment and just consider the economics of those programs for people born here:
  • Social Security charges 6.2% of your wages.
  • Medicare charges 1.45% of your wages.
  • If you are self-employed you pay double that.
  • If you work for someone else they pay the other half.
Thus, the total collected by the systems is 12.4% of earnings for Social Security and 2.9% of earnings for Medicare.

The two programs are theoretically separate but in practice they function together so, in total the Federal Government collects 15.3% of earned income for Social Security and Medicare.

As already mentioned both programs are massively underwater so that 15.3% is nowhere close to sufficient. This is despite the fact that each American pays it from their very first day flipping burgers at McDonald's in their teens until their very last day passing out carts at Wal-Mart in their old age (McDonald's and Wal-Mart are merely examples, the point is that Americans pay $1.53 of every $10 they earn from cradle to grave into SS/Medicare).


Since both systems are drowning in red ink we know that the average American isn't paying enough into the systems to cover their own costs.

Now back to immigrants:
Since we already know that the average American is a net drain in SS/Medicare, we also know that adding additional average Americans can only make those problems worse. You can't lose money on each person and make it up on volume, math doesn't work that way.

In theory we could benefit from high earning immigrants so long as their earnings are sufficient but there are additional problems spawned by immigration. The first is age. Even if SS/Medicare had some combination of higher rates or lower benefits such that the average American did pay for themselves, the numbers would still only work for immigrants who came here right at the start of their working lives. Anybody older than that couldn't possibly catch up without earnings way above average.

A prospective immigrant in their early 20's who has a job lined up with a six figure salary *MIGHT* pay for themselves but all other immigrants both legal AND illegal are a net drain on the economy. Anybody who tells you otherwise is either ignorant, lying, or a shill working for the Koch brothers or some similar person or entity.
  • Fatal flaw #1: Conflating SS/Medicare with "the economy". SS/Medicare are government transfer payment programs that, yes, pay out more than people pay in on average. That doesn't mean that they are "the economy", or even a reasonable proxy for the economy. 
  • Fatal flaw #2: This has always been true of SS/Medicare. They are not retirement investment accounts. The design of the program has ALWAYS required a certain ratio of active workers to retired benefit recipients in order to self-fund. 15.3% has never been about "how much do *I* need to put in to fund my retirement?", it's "how much do we need to tax current workers to pay the recipients?" This is why I spun it around on you. If immigrants are bad for the economy because of the structural nature of SS/Medicare, people are bad for the economy. American children are worse because they cost us much more up front to obtain. 
  • Fatal flaw #3: Tying this to SS/Medicare makes it very easy for me to turn this around on you again. Let's say we increase the combined SS/Medicare tax to 20.8%. Oh, and we'll make it more spicy by saying that we reduce income taxes to make it revenue-neutral. Now SS/Medicare are self-sustaining and well-funded, and being revenue-neutral, the government total tax revenue is unchanged. Now magically by putting money into a different bucket, immigrants become great for the economy!


You may be able to make arguments that immigration is bad for the economy. We could have a spirited debate on that. 

But you swung and whiffed with this one. Sorry. 

FearlessF

  • Hall of Fame
  • *****
  • Posts: 37515
  • Liked:
Re: In other news ...
« Reply #29900 on: March 27, 2024, 02:36:09 PM »
Betting has become a hot-button topic in sports. Now, the NCAA is looking to limit the types of bets that can be placed on college sports, with NCAA President Charlie Baker seeking to remove college prop bets from all betting markets.

Now, Baker has released a statement about why the NCAA is seeking to end prop bets on college athletics.

“Sports betting issues are on the rise across the country with prop bets continuing to threaten the integrity of competition and leading to student-athletes and professional athletes being harassed,” Baker said in the statement. “The NCAA has been working with states to deal with these threats and many are responding by banning college prop bets.”

“This week we will be contacting officials across the country in states that still allow these bets and ask them to join Ohio, Vermont, Maryland, and many others and remove college prop bets from all betting markets. The NCAA is drawing the line on sports betting to protect student-athletes and to protect the integrity of the game — issues across the country these last several days show there is more work to be done.”

This comes after the Ohio Casino Control Commission (OCCC) granted a request in February by the NCAA to prohibit wagering on prop bets. Sportsbooks in the state had until the start of March to implement the change for college athletics.
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

ELA

  • Global Moderator
  • Hall of Fame
  • *****
  • Posts: 20318
  • Liked:
Re: In other news ...
« Reply #29901 on: March 27, 2024, 02:56:24 PM »
I'm getting crushed betting on HS girls prop bets because they don't seem to care

Cincydawg

  • Oracle of Piedmont Park
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 71536
  • Oracle of Piedmont Park
  • Liked:
Re: In other news ...
« Reply #29902 on: March 27, 2024, 02:58:50 PM »
In gambling, a "proposition bet" (prop bet, prop, novelty, or a side bet) is a bet made regarding the occurrence or non-occurrence during a game (usually a gambling game) of an event not directly affecting the game's final outcome.

ELA

  • Global Moderator
  • Hall of Fame
  • *****
  • Posts: 20318
  • Liked:
Re: In other news ...
« Reply #29903 on: March 27, 2024, 03:03:29 PM »
In gambling, a "proposition bet" (prop bet, prop, novelty, or a side bet) is a bet made regarding the occurrence or non-occurrence during a game (usually a gambling game) of an event not directly affecting the game's final outcome.
Making it easier for players to tinker with them without impacting the W/L outcome

 

Support the Site!
Purchase of every item listed here DIRECTLY supports the site.