By ADRIAN KUZMINSKI • Special to www.AllOTSEGO.com
As the economic insecurity of a large segment of the country continues without relief (debts, taxes, low wages, health costs, education costs, etc.), some big new ideas (like the Green New Deal) are getting attention.
In my last column, I examined one of these big new ideas: the proposal for a universal basic income (UBI) put forth by presidential candidate Andrew Yang, who proposes to give every US citizen over 18 years of age $1,000 a month. He calls it the Freedom Dividend.
Yang argues that automation and robotics are relentlessly eliminating wage-labor jobs, hence the need for a UBI. He may be right. I speculated that a UBI might be paid out of corporate profits, but it turns out that that’s not where the money is.
To see how it can be funded, let’s do some math:
The current adult (18 plus) population of the U.S. is about 250 million people. Giving $12,000/year to each person would cost about $3 trillion. To put that in context, the federal budget is about $4 trillion/year, including $700 billion for the military, while total annual U.S. corporate profit is about $2 trillion/year in an economy of about $21 trillion.
The total net financial assets of American households, according to the Federal Reserve, are much greater than that. They add up to about $70 trillion. What are net financial assets? They include stocks, bonds, funds and other financial instruments. That’s where the money is.
The major asset for most Americans is their home. Net financial assets don’t include your personal property (your home, vehicles, furnishings, art, etc.); nor the debts you owe.
COOPERSTOWN – For Josh Edmonds, the lot at 10 Chestnut St. represents a chance to solve two problems in the village – adding housing and reducing energy consumption.
“The village needs long-term rentals,” he said. “And I see a need for more energy-efficient construction.”
Edmonds, a passive-house consultant through, Simple Integrity, his contracting company, has proposed a two-story, 12-unit building on the lot at 10 Chestnut St, next to the Inn at Cooperstown.
At the Village Board meeting on Tuesday, May 28, Edmonds revealed details about the proposed project: 12 two-bedroom units, with the six apartments on the first floor designated as handicap-accessible. There will also be 24 parking spaces.
First-In-System Redo Paves Way For 500 Dorms Statewide
ONEONTA – “Net zero.”
That term refers to a building “that generates all its energy onsite, producing as much energy from non-fossil fuels sources at it consumes each year,” SUNY Oneonta’s Lachlain Squair, chief facilities planning and safety officer, said yesterday in announcing 213-room Ford Hall will become the first such building on the local campus.
ONEONTA – Two citizens raised concerns about parking – a third called for “net zero” energy efficiency – when developer Ken Kearney outlined plans for a 64-unit art colony, The Lofts on Dietz, to the city Planning Commission last evening.
“As an artist, the building is an excellent concept, one we should embrace,” said Michael Stolzer, who lives in the Town of Oneonta but owns rental properties in the city. “But parking spaces are valuable. It seems kind of on the absurd side to build it on the parking lot.”
Mayor Gary Herzig saw it another way: “I truly hope we have a real parking problem, because it will mean we’re thriving and our businesses are successful,” he said as the meeting wrapped up.
Infallible Cure for the Whooping Cough – Dissolve a scruple of tartar in a gill of water, and ten grains of cochineal, finely powdered; sweeten it with a fine loaf or brown sugar. Give an infant the fourth part of a tablespoonful four times a day, and from four years old and upwards, a tablespoonful may be taken. The relief is immediate and the cure in general is effected in four or five days. Let the patient’s drink at night, and when in bed, be water-sweetened with brown sugar. This drink is also recommended in all cases of tickling, irritating coughs when in bed – giving almost instantaneous relief.
CRAYON CARNIVAL – 11 a.m. 3 p.m. Enjoy food, games, prizes gift basket raffle, the “Cake Walk” the Junior Cupcake Boss Competition, displays from Oneonta World of Learning, more to support the PTA. Cooperstown Elementary School. Call 607-547-8181 or visit www.cooperstowncs.org
New York is the No. 43 Growth State in America, slipping four places from 2018, according to U-Haul® data analyzing U.S. migration trends for 2019.
New York backslides four spots from its No. 39 ranking a year ago, registering as a slight net-loss state for procuring U-Haul truck customers. It ranked in the same vicinity the previous two years – 44th in 2017 and 35th in 2016 – after climbing to the No. 7 state for growth back in 2015.
Governor Cuomo’s job performance rating plummeted in the last month, and U.S. Sen. Chuck Schumer also saw a significant drop in how voters feel about him, according to a Siena Poll of New York State voters released yesterday.
President Trump’s ratings actually edged up a bit.
The governor’s favorability rating fell to negative 43-50 percent, down from 51-43 percent last month. His job performance rating fell to 35-64 percent, down from 43-56 percent. Schumer saw his favorability rating drop to 47-46 percent, down from 53-39 percent in January, the Siena pollsters found.
THEATER – 2 p.m. Performance of ‘Love Letters,’ by A.R. Gurney, which tells the story of Andrew Makepeace Ladd III and Melissa Gardner via the letters they exchanged over their lifetime. The Production Center of the Foothills Performing Arts Center, 124 Market St., Oneonta. Info, (607) 432-5407 or GEStevens17@gmail.com
QUILT SHOW – 11 a.m.-4 p.m.. Thru Sunday Feb. 26. Cooperstown Art Association, 22 Main St., Cooperstown. Info, www.cooperstownart.com
PLAY READING – 6:30 p.m. Reading of “Lord of the Wilderness” by local playwright Ron Nash. Telling the story of William Cooper and the founding of Cooperstown. Based on Alan Taylor’s book “William Cooper’s Town.”Fenimore Art Museum Auditorium, 5798 NY-80, Cooperstown. Info, www.fenimoreartmuseum.org
CONCERT – 3 p.m. Oneonta Community Concert band presents its annual “Summertime in Winter” concert featuring numbers like “Hail to the Spirit of Liberty”, “I’ve Made My Plans for the Summer”, and “Our Flirtations.” Free and open to the public. Fox Care Center, Oneonta. Info, 437-1052
TOURNAMENT – 4 p.m. Valentine “Hearts” Tournament to benefit Susquehanna Animal Shelter. Trophies and door prizes awarded, with beverages and food available. Cooperstown Beverage Exchange, 73 Main St, Cooperstown. Info, susquehannaanimalshelter.org/category/events/
MEMORIAL CONCERT – 7:30 p.m. The Oneonta community remembers “Hans & Edith Wilk.” Features the combined voices of the Hartwick College Chorus and SUNY Oneonta Concert Choir performing Mozart’s Symphony #35 Haffner and Requiem with the Catskill Symphony Orchestra. Hunt Union Ballroom, SUNY Oneonta. Info, catskillsymphony.net/news-events/upcoming-events.html
SPIRITUAL ARTS & PSYCHIC FAIR – 10 a.m.-5 p.m. 2 day fair featuring reading by psychics, vendors, and workshops to help you heal, and find direction in your life. Oneonta Holiday Inn, 5206 State Highway 23, Oneonta. Info, www.shiftnewyork.com
Those who oppose using fossil fuels to provide the bulk of our energy needs without offering viable alternatives are depriving this and future generations of job opportunities. When our country attempts to keep our illegal immigrants seeking to enter our country illegally in pursuit of jobs, Nancy Pelosi and those aligned with her call it “immoral”. What should we call doing that to our own citizens?
When those opposed to fossil fuels argue against them, they point to their environmental impacts, especially their contribution to “climate change” and laud renewables as being “pure” when it comes to the environment. Is that really the case?
ROCHESTER – At his daily briefing, Governor Cuomo outlined additional guidelines that met precede the reopening of the state’s 10 economic development regions, including the Mohawk Valley, which includes Otsego County.
“Reopening is more difficult than the closedown,” he said. “…When you go to restart, the reopening, now knowing what we know, it’s more nuanced. You have to be more careful. And again, no one has done this before, and no one has been here before. So, first, start by learning the lessons that we did learn through this experience.”
ALBANY – Governor Cuomo today said he will direct the state Board of Elections to automatically mail every New Yorker a postage-paid application for an absentee ballot.
Earlier this month, he issued an executive order allowing all New Yorkers to vote absentee in the June 23 primary
In his daily 11:30 a.m. briefing, the governor also said state revenues are expected to decline 14 percent, or $13.3 billion, from the executive budget forecast. By FY 2024, he expects a decline of $61 billion.