Random Articles (Page 4)

Have a deep view into what people are curious about.

πŸ”— Land Value Tax

πŸ”— Economics πŸ”— Taxation

A land value tax (LVT) is a levy on the value of land without regard to buildings, personal property and other improvements. It is also known as a location value tax, a site valuation tax, split rate tax, or a site-value rating,

Land value taxes are generally favored by economists as they do not cause economic inefficiency, and reduce inequality. A land value tax is a progressive tax, in that the tax burden falls on land owners, because land ownership is correlated with wealth and income. The land value tax has been referred to as "the perfect tax" and the economic efficiency of a land value tax has been accepted since the eighteenth century. Economists since Adam Smith and David Ricardo have advocated this tax because it does not hurt economic activity or discourage or subsidize development.

LVT is associated with Henry George, whose ideology became known as Georgism. George argued that taxing the land value is most logical source of public revenue because the supply of land is fixed and because public infrastructure improvements would be reflected in (and thus paid for) by increased land values.

Land value taxation is currently implemented throughout Denmark, Estonia, Lithuania, Russia, Singapore, and Taiwan; it has also been applied to lesser extents in parts of Australia, Mexico (Mexicali), and the United States (e.g., Pennsylvania).

πŸ”— Baumol Effect

πŸ”— Economics

Baumol's cost disease (or the Baumol effect) is the rise of salaries in jobs that have experienced no or low increase of labor productivity, in response to rising salaries in other jobs that have experienced higher labor productivity growth. This pattern seemingly goes against the theory in classical economics in which real wage growth is closely tied to labor productivity changes. The phenomenon was described by William J. Baumol and William G. Bowen in the 1960s.

The rise of wages in jobs without productivity gains is from the requirement to compete for employees with jobs that have experienced gains and so can naturally pay higher salaries, just as classical economics predicts. For instance, if the retail sector pays its managers 19th-century-style salaries, the managers may decide to quit to get a job at an automobile factory, where salaries are higher because of high labor productivity. Thus, managers' salaries are increased not by labor productivity increases in the retail sector but by productivity and corresponding wage increases in other industries.

Discussed on

πŸ”— Understanding Comics

πŸ”— Books πŸ”— Comics πŸ”— Comics/DC Comics

Understanding Comics: The Invisible Art is a 1993 non-fiction work of comics by American cartoonist Scott McCloud. It explores formal aspects of comics, the historical development of the medium, its fundamental vocabulary, and various ways in which these elements have been used. It expounds theoretical ideas about comics as an art form and medium of communication, and is itself written in comic book form.

Understanding Comics received praise from notable comic and graphic novel authors such as Art Spiegelman, Will Eisner, Alan Moore, Neil Gaiman, and Garry Trudeau (who reviewed the book for the New York Times). Although the book has prompted debate over many of McCloud’s conclusions, its discussions of "iconic" art and the concept of "closure" between panels have become common reference points in discussions of the medium.

The title of Understanding Comics is an homage to Marshall McLuhan's seminal 1964 work Understanding Media.

Discussed on

πŸ”— Lanark: A Life in Four Books

πŸ”— Novels

Lanark, subtitled A Life in Four Books, is the first novel of Scottish writer Alasdair Gray. Written over a period of almost thirty years, it combines realist and dystopian surrealist depictions of his home city of Glasgow.

Its publication in 1981 prompted Anthony Burgess to call Gray "the best Scottish novelist since Walter Scott". Lanark won the inaugural Saltire Society Book of the Year award in 1982, and was also named Scottish Arts Council Book of the Year. The book, still his best known, has since become a cult classic. In 2008, The Guardian heralded Lanark as "one of the landmarks of 20th-century fiction."

Discussed on

πŸ”— Balance in game design

πŸ”— Video games πŸ”— Board and table games πŸ”— Role-playing games

In game design, balance is the concept and the practice of tuning a game's rules, usually with the goal of preventing any of its component systems from being ineffective or otherwise undesirable when compared to their peers. An unbalanced system represents wasted development resources at the very least, and at worst can undermine the game's entire ruleset by making important roles or tasks impossible to perform.

πŸ”— Acoustic Kitty

πŸ”— United States/U.S. Government πŸ”— United States πŸ”— Espionage πŸ”— Cats

Acoustic Kitty was a CIA project launched by the Central Intelligence Agency Directorate of Science & Technology, which in the 1960s intended to use cats to spy on the Kremlin and Soviet embassies. In an hour-long procedure a veterinary surgeon implanted a microphone in the cat's ear canal, a small radio transmitter at the base of its skull and a thin wire into its fur.

This would allow the cat to innocuously record and transmit sound from its surroundings. Due to problems with distraction, the cat's sense of hunger had to be addressed in another operation. Victor Marchetti, a former CIA officer, said Project Acoustic Kitty cost about $20 million.

The first Acoustic Kitty mission was to eavesdrop on two men in a park outside the Soviet compound on Wisconsin Avenue in Washington, D.C. The cat was released nearby, but was hit and allegedly killed by a taxi almost immediately. However, this was disputed in 2013 by Robert Wallace, a former Director of the CIA's Office of Technical Service, who said that the project was abandoned due to the difficulty of training the cat to behave as required, and "the equipment was taken out of the cat; the cat was re-sewn for a second time, and lived a long and happy life afterwards". Subsequent tests also failed. Shortly thereafter the project was considered a failure and declared to be a total loss. However, other accounts report more success for the project.

The project was cancelled in 1967. A closing memorandum said that the CIA researchers believed that they could train cats to move short distances, but that "the environmental and security factors in using this technique in a real foreign situation force us to conclude that for our (intelligence) purposes, it would not be practical." The project was disclosed in 2001, when some CIA documents were declassified.

Discussed on

πŸ”— Rabbit-proof fence

πŸ”— Australia πŸ”— Australia/Western Australia

The State Barrier Fence of Western Australia, formerly known as the Rabbit Proof Fence, the State Vermin Fence, and the Emu Fence, is a pest-exclusion fence constructed between 1901 and 1907 to keep rabbits and other agricultural pests, from the east, out of Western Australian pastoral areas.

There are three fences in Western Australia: the original No. 1 Fence crosses the state from north to south, No. 2 Fence is smaller and further west, and No. 3 Fence is smaller still and runs east–west. The fences took six years to build. When completed in 1907, the rabbit-proof fence (including all three fences) stretched 2,023 miles (3,256Β km). The cost to build the fences at the time was about Β£168 per mile ($250/km).

When it was completed in 1907, the 1,139-mile (1,833Β km) No. 1 Fence was the longest unbroken fence in the world.

Discussed on

πŸ”— Lithophone

πŸ”— Musical Instruments πŸ”— Percussion

A lithophone is a musical instrument consisting of a rock or pieces of rock which are struck to produce musical notes. Notes may be sounded in combination (producing harmony) or in succession (melody). The lithophone is an idiophone comparable to instruments such as the glockenspiel, vibraphone, xylophone and marimba.

In the Hornbostel-Sachs classification system, lithophones are designated as '111.22' – directly-struck percussion plaques.

Discussed on

πŸ”— British Expedition to Abyssinia

πŸ”— Military history πŸ”— Military history/African military history πŸ”— Ethiopia πŸ”— Military history/British military history

The British Expedition to Abyssinia was a rescue mission and punitive expedition carried out in 1868 by the armed forces of the British Empire against the Ethiopian Empire. Emperor Tewodros II of Ethiopia, then often referred to by the anglicized name Theodore, imprisoned several missionaries and two representatives of the British government in an attempt to get the attention of the British government, which had decided against his requests for military assistance. The punitive expedition launched by the British in response required the transportation of a sizable military force hundreds of miles across mountainous terrain lacking any road system. The formidable obstacles to the action were overcome by the commander of the expedition, General Sir Robert Napier, who was victorious in every battle with the troops of Tewodros, captured the Ethiopian capital and rescued all the hostages. The expedition was widely hailed on its return for achieving all its objectives.

Harold G. Marcus described the action as "one of the most expensive affairs of honour in history."

Discussed on

πŸ”— John Titor

πŸ”— Internet culture πŸ”— Skepticism πŸ”— Alternative Views πŸ”— Paranormal

John Titor (May 5, 6 or 7, 1998) is a name used on several bulletin boards during 2000 and 2001 by a poster claiming to be an American military time traveler from 2036. Titor made numerous vague and specific predictions regarding calamitous events in 2004 and beyond, including a nuclear war, none of which came true. Subsequent closer examination of Titor's assertions provoked widespread skepticism. Inconsistencies in his explanations, the uniform inaccuracy of his predictions, and a private investigator's findings all led to the general impression that the entire episode was an elaborate hoax. A 2009 investigation concluded that Titor was likely the creation of Larry Haber, a Florida entertainment lawyer, along with his brother Morey, a computer scientist.

Discussed on