What would it cost to retreat from Tampa to Orlando as Hurricane Ian appraoches?

by philg

Hurricane Ian is forecast to destroy Tampa, Florida beginning tomorrow. “Hurricane Ian strengthens to Category 2 storm and could be ‘something that we haven’t seen in our lifetime,’ Tampa forecaster says” (CNN). “Hurricane Ian Targets Florida, Threatens Tampa Bay With First Direct Hit in a Century“ (WSJ).

To figure out how bad a risk is, I like to look at the insurance cost of protecting against the risk. In our area of the Florida Free State, annual insurance against a house being destroyed for all reasons, including hurricanes, is about 0.2% of the value of the house. In other words, if we discount the risk of fire to 0%, destruction by a hurricane is not expected more than once every 500 years.

Orlando is far enough inland that it is never seriously hammered by hurricanes, which require warm ocean water as fuel. Orlando is also 100′ above sea level, so it benefits from Obama having turned back the rising seas. The best insurance against personal risk from Hurricane Ian is a retreat to Orlando. I searched today on Orbitz, just 24 hours before Tampageddon begins in earnest, and found that a family can move into an Orlando condo or hotel room from tonight through September 30 for $100-200 per night.

What if a golden retriever intent on providing very late term abortion care to squirrels and rabbits in her jaw-shaped reproductive health care clinic needs to be included in the evacuation? Hyatt Regency time!

Prices were similar in the Miami area, expected to be almost entirely spared from this storm’s wrath.

What will you do in Orlando? It’s business as usual at Disney World, except for a couple of mini golf courses that are closed and the fake typhoon is replaced by a real typhoon:

The crowds should be thin and you can let me know if Disney has adopted my suggestion for delivering on its expressed corporate passion: Should Disney World offer a ride educating kindergartners on sexual orientation and gender identity?

Sometimes freedom-loving Californians and New Yorkers say that hurricane risk is holding them back from moving to coastal Florida. But it seems that setting aside $100 per year would be sufficient to avoid all personal risk (retreat to Orlando every 5-10 years). And, of course, one could always move to central Florida! Right next to Bok Tower Gardens would be my choice, which also happens to be convenient to Legoland.

Homeowners insurance in Florida is substantially more expensive than in other states, but it seems that lawyers are more aggressive than hurricanes. “Florida homeowners pay nearly 3x national average for homeowners insurance” (ABC):

The latest analysis from the Insurance Information Institute found Florida homeowners are paying an average premium of $4,231 for insurance, compared to the U.S. average of $1,544.

Florida as a whole had about 100,000 lawsuits against insurance companies last year, while other states combined had about 20,000. Insurance company CEOs have said these lawsuits are why so many companies are going bankrupt, raising premiums, and canceling coverage — sending more and more residents to Citizens.

There might be a minor issue with the above numbers, incidentally, because the average price of a house in Florida might not be the same as the average price of a house nationwide and the average in Florida is surely not the median due to all of the rich bastards in $20-100 million beach houses (not that I am envious).

Related:

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Artemis launch subjected to abortion care to “protect NASA employees”

by philg

The Artemis rocket was supposed to be launched right now (3rd attempt), but was once again subjected to abortion care. What’s the principal reason given for the abortion care? “to protect our employees”:

From “NASA to Roll Artemis I Rocket and Spacecraft Back to VAB Tonight” (nasa.gov):

The decision allows time for employees to address the needs of their families

I.e., employees who live and work on Florida’s east coast have to address the needs of their families who live on Florida’s east coast… because a(n admittedly potentially severe) hurricane is forecast to hit Florida’s west coast, more than 100 miles away, roughly 48 hours after the previously scheduled launch.

In case Minitrue deletes the above, a screen shot:

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Giorgia Meloni is more dangerous than Vladimir Putin (CNN and New York Times)

by philg

“The Future Is Italy, and It’s Bleak” (NYT, July 22, 2022):

Giorgia Meloni, the leader of the far-right Brothers of Italy party … could open the way for the Brothers of Italy to become the first far-right party to lead a major eurozone economy. For Europe and the country, it would be a truly seismic event.

Like other far-right parties across Europe, it is descended from a fascist or collaborationist original

Perhaps we will not all burn together in the fire. But if the far right takes over the government, in Italy or elsewhere, some of us surely will.

“Italy’s Hard-Right Lurch Raises New Concerns in Washington” (NYT, yesterday):

Italy’s election of a far-right governing coalition, … despite concern about their party’s fascist roots. … members of the Trump wing of the Republican Party embraced the rise of a nationalist whose party has roots in Mussolini-era fascism.

“Giorgia Meloni claims victory to become Italy’s most far-right prime minister since Mussolini” (CNN, yesterday):

the most far-right government since the fascist era of Benito Mussolini. … She has also called abortion a “tragedy,” raising fears for the future of women’s rights in the country.

“How Giorgia Meloni and her far-right party became a driving force in Italian politics” (CNN, Sept 25, 2022):

The National Alliance, formerly the Italian Social Movement, was unapologetically neo-fascist, formed by supporters of Benito Mussolini. … Now, the 45-year-old ultra-conservative … never wavering from a conservative agenda that puts in question LGBT rights, abortion rights and immigration policies.

A full-scale war had to unfold in Ukraine before the New York Times was prepared to call Vladimir Putin names, but Giorgia Meloni earned these monikers before taking a single official action. Maybe this means she will win the Nobel Peace Prize soon! (Barack Obama was nominated after 12 days of being in office.)

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How can U.S. population be forecast under our current asylum-based immigration system?

by philg

The Congressional Budget Office has a recent report forecasting U.S. population for the next 30 years: The Demographic Outlook: 2022 to 2052 (cbo.gov).

The authors say that U.S. population will continue to grow, all due to immigration:

Since immigrants have a higher birth rate than native-born Americans, the above chart shows that there will be a dramatic increase in the percentage of the U.S. population that is either immigrants or children of recent immigrants (but this decline in percentage of native-born cannot be characterized as a “replacement”).

The southern border is open to anyone who is willing to walk across. Anyone who walks across is entitled to claim asylum, entering a process that could take years. Depending on the country of origin, a denial of asylum has no practical effect in terms of headcount. The migrant cannot be deported to a country such as Venezuela where the U.S. does not have an agreement in place with the government. (NYT)

How can the demographers know what percentage of the 28 million Venezuelans will decide to walk into the U.S., much less what percentage of the rest of the 7+ billion people on Planet Earth who are not already Americans? Given our current asylum-based immigration policy, unless we know how many countries will experience Venezuelan-style economic or political issues over the next 30 years, how can we know how many people will walk into the U.S. and stay forever?

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Giorgia Meloni Makes History

by philg

Giorgia Meloni’s life, in many respects, traces the arc of progress for women in Italian society. Her mother, Anna Paratore, was born in 1952, just 7 years after women in Italy gained the right to vote in national elections.

It has taken a long, long time for the promise of women’s full participation in Italian democracy to be realized. Ms. Meloni moved it a big step closer this week, as she became the first woman nominated for the leadership of Italy by a major party.

Ms. Meloni’s nomination — bringing women, barred first by law and then by custom, to the pinnacle of Italian politics — is to be celebrated as inspiration for young Italians, and as hope for women in nations and cultures that deny them the most basic opportunities. It is further proof that opening doors to women elevates and strengthens a nation.

Ms. Meloni, who grew up in an era of few opportunities for women, revealed strength and tenacity building a career that spanned the world. Her education and work ethic eventually opened many avenues to her, and — despite forays into lucrative pursuits like journalism — she has always returned to a path of service.

Loosely related, “Hillary Clinton Makes History” (NYT, July 29, 2016):

Hillary Clinton’s life, in many respects, traces the arc of progress for women in American society. Her mother, Dorothy Rodham, was born in 1919, a year before the 19th Amendment gave women the vote.

It has taken a long, long time for that amendment’s promise of women’s full participation in American democracy to be realized. Mrs. Clinton moved it a big step closer this week, as she became the first woman nominated for the presidency by a major party.

Mrs. Clinton’s nomination — bringing women, barred first by law and then by custom, to the pinnacle of American politics — is to be celebrated as inspiration for young Americans, and as hope for women in nations and cultures that deny them the most basic opportunities. It is further proof that opening doors to women elevates and strengthens our nation.

Mrs. Clinton, who grew up in an era of few opportunities for women, revealed strength and tenacity building a career that spanned the world. Her education and work ethic eventually opened many avenues to her, and — despite forays into lucrative and sometimes regrettable pursuits like her corporate speechmaking — she has always returned to a path of service.

(Of course, the parallels are not complete because Giorgia Meloni did not obtain her position by having sex with or being married to a former leader of Italy.)

Separately, I wonder if this election proves my Dutch friend correct. On the phenomenon of elites packing a country with low-skill immigrants and then, as predicted by a Harvard analysis, the working class attempting to vote out the elites, “They forgot to take away their right to vote.”

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If the Migrants expelled from Martha’s Vineyard can afford lawyers, why not plane tickets back to San Antonio?

by philg

“Migrants flown to Martha’s Vineyard have filed a lawsuit against Gov. DeSantis” (state-sponsored NPR, 9/20):

A civil rights law firm filed a federal class action lawsuit on Tuesday against Florida Gov. Ron DeSantis and others for transporting around 50 immigrants from San Antonio, Texas, to Martha’s Vineyard, without shelter or resources in place.

Alianza Americas’ Executive Director Oscar Chacón said that DeSantis used the migrants to “advance a hate-filled agenda.” “That is why we have taken the steps to legally challenge what we view as not only a morally reprehensible action, but what we believe is also illegal,” he said.

Attorneys want DeSantis and his fellow defendants to be banned from “inducing immigrants to travel across state lines by fraud and misrepresentation,” as well as damages “for the harm suffered by the migrants.”

The migrants were harmed by being transported to a place that people were willing to pay $616 per night (plus taxes and the “resort fee” scam) to stay in (I checked the late-September Edgartown hotel rates a few days ago).

The Vineyard 50 have enough money, either in their pockets or via donation, to pay lawyers at least $500,000 to push a lawsuit through Federal court.

Is there a cheaper way to mitigate the harm that they’re suffering by being in Massachusetts surrounded by the fully vaccinated and masked applying “No Human Being is Illegal” signs and bumper stickers to lawns and cars rather than in Texas, which by implication is a superior place to live? If the Vineyard 50 can get from the off-island detention camp in which they’ve been interned to Boston’s Logan Airport, a one-way plane ticket back to the San Antonio paradise from which they were snatched is about $100:

For less than $6,000 every migrant could be back in San Antonio.

Perhaps the Vineyard residents who cheered as the migrants were bussed out of their upscale town could go to Logan Airport to see them off. Hawaiians have a tradition of hanging leis around the necks of people who arrive (“Nothing says Aloha like our Classic Orchid Lei”). The property owners of Martha’s Vineyard could establish a tradition of providing leis to migrants who are departing back to Texas and/or Florida (“Nothing says Adios like our Maskachusetts State Flower Lei made from mayflowers”).

From the Boston Globe recently, “Plane towing a banner reading ‘Vineyard Hypocrites’ circles Martha’s Vineyard”:

The last part is my favorite. Given an island whose real estate was already half empty due to the summer season winding down, it was a “herculean” effort for some of the country’s wealthiest people to shelter 50 migrants (out of millions) for two nights.

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Proponents of bigger government celebrate a tax-avoider (Yvon Chouinard, not Bill Gates this time)

by philg

The newspaper that says government should be bigger and that rich people should pay their fair share to fund that bigger government celebrates a billionaire who will pay essentially nothing at all in tax… “Billionaire No More: Patagonia Founder Gives Away the Company” (nytimes):

Rather than selling the company or taking it public, Mr. Chouinard, his wife and two adult children have transferred their ownership of Patagonia, valued at about $3 billion, to a specially designed trust and a nonprofit organization. They were created to preserve the company’s independence and ensure that all of its profits — some $100 million a year — are used to combat climate change and protect undeveloped land around the globe. … The trust, which will be overseen by members of the family and their closest advisers,

(“overseen by members of the family” mean that the trust can pay for almost everything that the family members might want, e.g., Gulfstream charter to Switzerland to hang out at Davos, rent a luxury apartment for a month in Paris to meet with others who are interested in climate change, etc.)

If he and his family members had sold $3 billion in shares while living in California, for example, they would have paid Federal income tax of 20%, Obamacare tax of 3.8%, and California state income tax of 13.3%. The 37.1% total rate would have yielded $1.11 billion in funding for all of the great things that Joe Biden is doing (e.g., paid for 1/500th of the student loan forgiveness scheme).

Instead, the government will get almost nothing and the money will be spent in ways over which citizens of the U.S. have no influence.

Even journalists who claim that they are experts on money seem to have some blind spots. “Patagonia Billionaire Who Gave Up Company Skirts $700 Million Tax Hit” (Bloomberg) does not consider the Obamacare and state income tax liabilities:

Still, the moves mean Chouinard won’t have to pay the federal capital gains taxes he would have owed had he sold the company, an option he said was under consideration. On a $3 billion sale, that bill could be more than $700 million. It also helps Chouinard avoid the US estate and gift tax, which is a 40% levy on large fortunes when they’re transferred to heirs.

From my 2019 Denver post, Patagonia uses backlit sidewalk billboards to inform downtown pedestrians that young good-looking American humans are facing extinction (which is why we need to bring in migrants?):

A Democrat-voting aircraft-owning friend, with the carbon footprint of an Argentinosaurus, responded to the Patagonia tax-avoidance scheme with “Loved reading that. Hurray for Chouinard”. Unless he assumes that government spending is going to be reduced, he loves that he will be paying the tax that Chouinard isn’t paying? He loves that none of the Chouinard fortune will ever be used to build a road that he can drive on to get to his airplane, a runway that he can use to take off in his airplane, or an air traffic control center that he can talk to? (admittedly much of the aviation infrastructure in the U.S. is funded separately via user fee taxes on aviation fuel and airline tickets)

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The immigrant makes a foray into Cambridge

by philg

A friend who emigrated (“high skill”) to the U.S. from Eastern Europe (not Russia itself!) texted our chat group:

I drove into Harvard Square for the first time in about 3 years. Driving through Cambridge: George Floyd yard signs, fair share yard signs [extra tax on the rich], BLM, resist, persist, love is love … The city is as decorated as Red Square was on the anniversary of the Great October Socialist Revolution

What’s the “fair share” amendment? It will undo the injustice in the Maskachusetts constitution that prevents the nation’s most progressive state from imposing a progressive income tax:

To provide the resources for quality public education and affordable public colleges and universities , and for the repair and maintenance of roads , bridges and public transportation , all revenues received in accordance with this paragraph shall be expended, subject to appropriation , only for these purposes . In addition to the taxes on income otherwise authorized under this Article, there shall be an additional tax of 4 percent on that portion of annual taxable income in excess of $1,000,000 (one million dollars) reported on any return related to those taxes. To ensure that this additional tax continues to apply only to the commonwealth’s highest income taxpayers , this $1,000,000 (one million dollars) income level shall be adjusted annually to reflect any increases in the cost of living by the same method used for federal income tax brackets. This paragraph shall apply to all tax years beginning on or after January 1, 2023 .

I wonder what the base is for the inflation adjustment. The value of $1 million on Election Day 2022? The value of $1 million on January 1, 2023? The value of $1 million in April 2024 (the first time that the tax has to be calculated)? At current rates of inflation, this is an important question!

Some inequality in and near New Bedford, MA, 2020 (photo: my friend Tony; helicopter flying: me):

Needless to say, property owners and realtors in Florida will be delighted if this new tax passes! (See “The Flight of New York City’s Wealthy Was a Once-in-a-Century Shock” (NYT): “The Manhattan residents who moved to Palm Beach County had an average income of $728,351, IRS data showed.”)

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New York Times inadvertently makes my point about inflation being driven by government spending

by philg

Back in June, I wondered Could our epic deficits drive inflation no matter how high the Fed raises rates? and this question was followed up Economist answers my question about high interest rates and high deficits. Here’s the NYT front page, September 22:

The government has been shoveling out cash to people who don’t do anything to earn it while at the same time trying to stanch the inflation bleeding with high interest rates charged to those who might have a productive purchase for money. Our best and brightest can’t figure out why inflation persists.

Related:

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See Disney World before it is destroyed by Ian?

by philg

Here’s the current predicted track for Tropical Storm Ian:

Worrisome for Disney World! On the other hand, if a ride is destroyed by Ian, perhaps it could be rebuilt along the lines suggested in Should Disney World offer a ride educating kindergartners on sexual orientation and gender identity?

Wednesday morning is the most likely arrival time of tropical storm-force winds in Orlando.

(Science-deniers will falsely claim, as a matter of misinformation, that hurricanes have never previously hit Orlando and that, being 100′ above sea level, it is not going to be washed away via climate change like all of the rest of Florida. The deniers ignore the fact that we’re in a new age of super hurricanes caused by not enough laptop class members collecting subsidies from the working class to buy electric cars and rooftop solar.)

Separately, if you’re interested in why Disney having its own county is so important, read Buying Disney’s World: The Story of How Florida Swampland Became Walt Disney World. The company told the State of Florida that it was going to use the land primarily to build a city, the Experimental Prototype Community of Tomorrow. Therefore, it made sense for the new city to be able to issue tax-free municipal bonds to fund infrastructure. Given the high rates of federal personal income taxes at the time, Disney’s borrowing costs were thus halved at zero cost to Florida (did not then and does not now have a personal income tax (barred by the state constitution)) but with a big cost to the US Treasury. The Democrats who are passionate about Disney retaining its own county are essentially arguing for continued tax avoidance by Disney.

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