Extra Credits
Published on 22 Sep 2018After Raden Vijaya passed away, the crown passed on to his son Jayanagara — along with his reputation to create scandal and vice. Gajah Mada, whose name literally meant “elephant general” stepped up to make sure that the kingdom would run smoothly — maybe a little too smoothly.
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September 25, 2018
Kingdom of Majapahit – Master of Intrigue – Extra History – #3
Belgium Under German Occupation During WW1 I THE GREAT WAR On The Road
The Great War
Published on 24 Sep 2018Visit the Ijser museum: http://www.museumaandeijzer.be/ijzert…
Indy talks to Peter Verplancke about Belgium during World War 1, in particular the German occupation policies.
Is the UK military situation really as dire as this new book portrays?
In the Daily Mail, there’s an excerpt from a new book on the British military by Michael Ashcroft and Isabel Oakeshott, White Flag? An Examination Of The UK’s Defence Capability:
Bluntly, at a time of international crisis, when the prime minister wanted to take a stand against the illegal use of chemical weapons, our Armed Forces did not have what was needed for a full-throttle response.
Naturally, ministers preferred voters to imagine that submarines were on their way to the action. The truth about our limited capability might have fuelled creeping fears that the UK has run up the white flag.
This was one of the many shocks we had during our wide-ranging investigation into the state of this country’s defence capabilities. Thanks to remorseless cuts imposed by successive governments, the Army, Navy and RAF all struggle to meet day-to-day commitments to protect this country and play their part in collective security through Nato and other defence alliances — let alone prepare for serious potential new threats.
The particular problem this time was probably down to maintenance issues.
Hulls need cleaning to stop them rusting, engines need overhauling and nuclear reactors need to be flushed.
When you don’t have very many ships, taking one or two out of circulation leaves quite a gap — in this case, one that could not be filled.
And the fact is that we don’t have enough ships any more. Or aircraft. Or tanks. Or military personnel. Not since Defence became a soft target for governments looking to cut spending.
What this means on the front line is illustrated by the small but fierce battalion of 800 UK troops stationed at a remote base in the Baltic state of Estonia as a crucial part of Nato’s defences against a Russian attack. They are on their guard at all times, scouring the bleak horizon for anything suspicious.
Inside a vast metal hangar is a fleet of Challenger tanks. The Army wanted to send 18 but the MoD cut this back to ten, of which only eight can be operational because two will always be in for repairs.
Asked if this would be enough if the Russians came over the border, the men we met there shrugged and laughed. They know full well that the Russians could throw as many as 22 tank battalions — that’s more than 650 tanks — at them.
A war-gaming exercise concluded that Nato forces would be ‘woefully inadequate’ in the event of an invasion: the Russians would be in Tallinn, the Estonian capital, within 60 hours.
No wonder the men themselves refer to their assignment as ‘Operation Tethered Goat’. Hopelessly outnumbered, they would be brushed aside, sacrificed to the predatory Putin, like the goat swallowed by the T. rex in Jurassic Park.
Amazons – fierce fighting tribe or just ancient Greek porn?
Lindybeige
Published on 21 Jun 2011You can believe in them if you want, but if you do, you should out of fairness to other mythological characters believe in giants, cyclopes, griffins, and gorgons.
QotD: The Laffer Curve
Around a certain sort of leftist mention of the Laffer Curve just brings a derisive snort. The sadness of that reaction being that it’s just an obvious mathematical truth. Tax rates of 0 % and 100 % bring in no revenue. Somewhere in between maximises the moolah. Note what isn’t being said, that all tax cuts always pay for themselves, nor even that lower tax rates are necessarily a good thing. Only that there’s some optimal level with regard to revenue collection.
All the arguments about the optimal level of government are over in the Wagner Curve and such others.
The Laffer Curve is also made up of two components, the income and substitution. Some people will work just to make their nut. Observational studies have shown that many taxi drivers do. So, increase their tax rates and they’ll work more. The substitution effect is, well, what’s that net wage worth to me? What’s the value of not working? When going fishing is worth more than working then people will go fishing. The curve as a whole is the interplay of these two effects.
Each tax in each society has its own such curve. A transactions tax of 0.01% can reduce revenue collection, as the EU’s study of a financial transactions tax shows us. Taxes upon income of 20% are below that Laffer Curve peak.
But where, exactly, is that peak for taxes upon income? The best study we’ve got, Saez and Diamond, says between 54% and 80% dependent upon other structures in the tax system. The Tory part of the UK Treasury says around 40 to 45% for income tax, plus national insurance, so at the bottom end of that S&D range. Many lefties want to say it’s higher so we can tax “the rich” more.
Tim Worstall, “How Lovely To Spot The Laffer Curve In The Wild – Doctors’ Pensions Edition”, Continental Telegraph, 2018-09-05.