I got this in an email today, I have no idea if the Prof who supposedly wrote it is a real person. But the explanation seems logical to me. Is it? If not where is the flaw? Terry
Oh, he's for real all right. DR. DAVID R. KAMERSCHEN is a Distinguished Professor of Economics and holder of the Jasper N. Dorsey Chair at the University of Georgia, Department of Economics, Brooks Hall, Athens, GA 30602-6254, Phone (706) 542-3681; Fax (706) 542-8774 or (706) 542-3376; e-mail davidk@terry.uga.edu. He resides at 3818 Sweet Bottom Drive, Duluth, Georgia 30096-1416, Phone (770) 476-5657; Fax (770) 476-5657; e-mail davidrkamerschen@bellsouth.net. Professor Kamerschen was born in Chicago, Illinois. His education is as follows: B.S. 1959, Miami University, general business; M.A. 1960, Miami University, economics; Ph.D. 1964, Michigan State University, economics. Dr. Kamerschen was a Graduate Assistant and Instructor at Miami University; Assistant Instructor at Michigan State University; Assistant Professor, Washington University; Associate Professor and Professor at the University of Missouri; and, since 1974, has been at the University of Georgia where after serving two terms as Department Head, is currently a Distinguished Professor. He has also acted as visiting professor at L"Université Jean Moulin in Lyon, France for four years (1992, 1995, 1997, 2001) at the University of Lodz, in Lodz Poland for one year (1992), and Professor in the University of Georgia Study Abroad Program, University in Avignon France (2001). He is the recipient of the national Outstanding Educator of America award several times and has been selected for a number of the University of Georgia teaching awards. Professor Kamerschen is the author or editor of 10 different books (some with several different editions). He is the author or coauthor of Intermediate Microeconomic Theory (South-Western, two editions), Principles of Public Utility Rates (PUR, one edition), Economics (Houghton Mifflin, one edition), and Money and Banking (South-Western, six editions). His textbooks have been used at numerous colleges and universities both in the United States and abroad. He has received many comments and suggestions from professors, students, businesspeople, and other users each year which help keep his textbooks current, practical, and realistic as well as theoretically correct. He has also penned over 200 articles in professional business, economics, financial, legal, and statistical journals including a number on topics in industrial economics, antitrust economics, and regulatory economics. He has served as editor, member of the board of editors, consulting editor, reader for about twenty (20) professional journals. Dr. Kamerschen is included in such listings as: Personalities of the South; Contemporary Authors; Community Leaders and Noteworthy Americans; Dictionary of International Biography; Who's Who in America; Who's Who in the South and Southwest; International Authors and Writers; Book of Honor; Personalities in America; Two Thousand Notable Americans; The International Who's Who of Contemporary Achievement; Who's Who In Society; and Who's Who in Antitrust Economics, and Who's Who in Economics. It is particularly noteworthy that Dr. Kamerschen has been selected for inclusion in the first three editions of Who's Who in Economics: A Biographical Dictionary of Major Economists (MIT Press and Edward Elgar Publishing, Limited). This volume includes biographies of the approximately 1000 most cited living economists in the world, as determined by the objective standard of the number of times other scholars cite the research, as monitored by the independent Social Sciences Citation Index. Professor Kamerschen participates as a speaker, discussant, chair, or attendee in the meetings of recognized professional societies such as the American Economic Association, Industrial Organization Society, Midwest Economic Association, Southern Economic Association, and Western Economic Association. In addition to having hosted a local television show featuring contemporary economic topics, he has appeared on the MacNeil/Lehrer public television show. In addition to his teaching, research, and public service duties as a Distinguished Professor at the University of Georgia, Dr. Kamerschen has been a member of the National Association of Forensic Economists and has been an Associate Member of the American Bar Association. He has previously served and is presently engaged in extensive independent activities as an economic consultant and/or expert witness in various forensic economics matters (antitrust, public utilities, wrongful death, personal injury, etc.). Dr. Kamerschen has consulted and/or provided expert testimony in approximately 135 antitrust cases, appearing for both private parties and public bodies and for both plaintiffs and defendants involving a wide variety of products, industries, and markets. He has been qualified previously as an expert in industrial and antitrust economics dealing with consumer, business, and government behavior in the marketplace. His antitrust work has included both the assessment of liability and the calculation of damages. He has acted as a an economic consultant and/or appeared as an expert witness for Antitrust Division of the U.S. Department of Justice, for and against the Federal Trade Commission; for and against numerous state and local government bodies and for both plaintiffs and defendants in private treble damage cases; Since 1970 his antitrust consulting work has involved theoretical and empirical analyses of the structure, conduct, and performance of specific firms, markets, and industries in: airplanes, airplane parts, equipment and transparencies, alumina, anchors, anesthesiology, asphalt, automatic teller machines (ATMs), automobile insurance, automobile parts, avionics, bakery flour, banking, bar exams, batteries, bedding, bonding, burial caskets, cable television, can sheet, carpets, cement, chain saws, chemicals, computer hardware and software, corrugating medium, cruise lines, crushed stone, dairy ingredients, designer jeans, ductile pipe, drugs, electric power, electric equipment, electric tools, fast food franchises, floor covering, granite, handstamps, hydrate aluminum, industrial development land, lithotripsy, load haul vehicles, LP gas, marina, medical electronics, medical services, metal paint cans, milk, mobile homes, motel/hotel franchising, natural gas, newspapers, obstetrics, ophthalmology, organic pigments, peanuts, perinatal and medical services, petroleum, pipeline, bury, portable electric tools, printing, public utilities, razors, ready mix concrete, rebar steel, refuse collection, reinsurance, shoes, skiing services, soft dessert, soft drinks, souvenir merchandise, swimming pool sanitizers, telecommunications, television, tires, title insurance, union-nonunion contractors, waste paper, water meters, weather radar, wheat gluten and starch, white goods, etc. This consulting has included analysis of market definition and structure plus the impact of the challenged conduct on economic performance including damage calibrations. Professor Kamerschen has consulted and/or testified in about 45 regulatory utility hearings. He has consulted and/or prepared expert testimony for applicants or intervenors in proceedings involving federal agencies such as the Canadian Transport Commission, and the Federal Energy Regulatory Commission (formerly the Federal Power Commission), and state tribunals in California, Florida, Georgia, Illinois, Indiana, Kansas, Mississippi, Nebraska, North Carolina, Ohio, Oklahoma, South Carolina, and Texas involving electric, natural gas, telecommunications, transportation, and water industries. He has been an appointive member of the Advisory Committee to the Consumers Utility Counsel for the State of Georgia. Dr. Kamerschen has consulted and/or testified in about 130 wrongful death, wrongful termination, and personal injury cases. In addition, he has consulted in about 50 miscellaneous litigations involving damage and valuation calibration, business contracts, divorce, and advertising, on behalf of both plaintiffs and defendants. The wrongful death and personal injury cases have involved discounted present value calculations under both state laws and the Federal Tort Claims Act. The valuations have included analyses of various business concerns. The damage calculations not involving personal injury cases have assessed the economic losses flowing from various kinds of challenged conduct.
I am not an economist. I know that I pay more in federal taxes than my brother grosses in salary. Clearly I have a nicer lifestyle but I pay dearly for the right. In my simplistic view I pay a lot more in taxes for basically the same benefits and services. We have some very adept accounting types on this BB. Am I off base or what :?:
Damn George, I just lost my reply but to make it short you are right on!! I kid my clients and tell them that they are in the same tax bracket as Lebron James and Bill Gates. Don't forget your Jersey tax. The poor blue collar slob who makes 100K is already paying 5-6 % GROSS INCOME TAX. That's GROSS !! No deductions like NY,CA and MA, states that do allow for deductions. The rate is as high as 8.93 %. Effen crooks in New Joisey!!! If you don't have one, get a 401K for your company. You don't have to match and max out yours. Get a sec 125 medical plan too! When you run out of tax bennies, you have to attack the W-2's.
...good stuff. The salient points of which the Left is so completely clueless. Thanks for sharing it.