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Doing The Numbers On Universal Basic Income

COLUMN • View from Fly Creek

Doing The Numbers On

Universal Basic Income

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.

Andrew Yang and his T-shirts are becoming visible in Iowa,where the first caucuses of the 2020 presidential campaign will be held Tuesday, Feb. 3, 2020.

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.

Simple Integrity Plans Net-Zero Apartments: 2 Stories, 12 Units On Chestnut Street

Simple Integrity Plans

Net-Zero Apartments

2 Stories, 12 Units On Chestnut Street

By LIBBY CUDMORE • Special to www. AllOTSEGO.com

Josh Edmonds, principal in Simple Integrity builders, briefs the Cooperstown Village Board last evening on a net-zero 12-apartment building he is planning at 10 Chestnut St. in the village, next to the Inn at Cooperstown. “The village needs long-term rentals,” he told trustees at their monthly meeting. “And I see a need for more energy.” He was advised to take the plans to the Historical Preservation & Architectural Review Board (H-PARB) and the Planning Board. (Libby Cudmore/AllOTSEGO.com)

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.

SUNY Oneonta’s Ford Hall Picked As ‘Net Zero’ Project

SUNY Oneonta’s Ford Hall

Picked As ‘Net Zero’ Project

First-In-System Redo Paves Way For 500 Dorms Statewide
SUNY Oneonta’s Ford Hall during Eastman & Associate renovations a few years ago.

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.

12 Net-Zero Apartments Planned On Chestnut St.

 EDMONDS BRIEFS TRUSTEES ON ‘THE GROVE’

12 Net-Zero Apartments

Planned On Chestnut St.

Josh Edmonds, principal in Simple Integrity builders, briefs the Cooperstown Village Board last evening on “The Grove,” a net-zero 12-apartment building he is planning at 10 Chestnut St. in the village, next to the Inn at Cooperstown. “The village needs long-term rentals,” he told trustees at their monthly meeting Tuesday. “And I see a need for more energy-efficient construction.” He was advised to take the plans to the Historical Preservation & Architectural Review Board (H-PARB) and the Planning Board.  Facing the camera are, from left, Trustees Jim Membrino, MacGuire Benton and Jeanne Dewey; with back to camera are Trustees Jim Dean, left, and Richard Sternberg.  (Libby Cudmore/AllOTSEGO.com)

DETAILS IN FREEMAN’S & HOMETOWN,

ON NEWSSTANDS THIS AFTERNOON

Lofts On Dietz Parking, Energy Raised As Issues

Lofts On Dietz’s

Parking, Energy

Raised As Issues

SEQRA To Start Next Month;

Groundbreaking Next Summer

Addressing the city Planning Commission, from left, were Michael Stolzer and Mark Drnek, who raised concerns about parking; David Hutchison, who called for net-zero energy use in the proposed Lofts on Dietz, and weaver Liz Shannon, who asked if the size of the proposed units – about 800 square feet for single units and 1,000 for doubles – was sufficient; Kearney’s reply appeared to satisfy her. Mayor Herzig is at right. (Jim Kevlin/AllOTSEGO.com)

By JENNIFER HILL • Special to www.AllOTSEGO.com

Developer Ken Kearney outlines the project. Behind him is Dave Ohman from Delaware Engineering. At right, Planning Commission member Dan Maskin listens.

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.

Vice Chair Overbey presided.

“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.

HAPPENIN’ OTSEGO for SATURDAY, MAR. 10
HAPPENIN’ OTSEGO for SATURDAY, MAR. 10

Cabaret Guest Conductor Contest

14-19eventspage

GUEST CONDUCTOR – 7:30 p.m. 3 candidates compete for YOUR vote at the Annual Cabaret Concert featuring the Mambo Kings. Alumni Field House, SUNY Oneonta. Call 607-436-2670 or visit catskillsymphony.net/how-to-help/volunteer.html

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

U-Haul Growth Survey: NY Drops Four Places

U-Haul Growth Survey:

NY Drops Four Places

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.

HAPPENIN’ OTSEGO for SATURDAY, FEB. 11
HAPPENIN’ OTSEGO for SATURDAY, FEB. 11

Performance of ‘Love Letters’

14-19eventspage

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

Cuomo, Schumer Favorability Drops Sharply, Poll Says

Trump Nudges Up In NYS

Cuomo, Schumer

Favorability Drops

Sharply, Poll Says

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.

HAPPENIN’ OTSEGO for SUNDAY, FEB. 12
HAPPENIN’ OTSEGO for SUNDAY, FEB. 12

Cancellations Possible

14-19eventspage

DUE TO 10-14 INCHES OF SNOW BEING FORECAST SUNDAY AND MONDAY, BE SURE TO CHECK TO SEE IF AN EVENT IS CANCELLED BEFORE YOU VENTURE FORTH

CANCELLED!! TREP$ MARKETPLACE – 1-3 p.m. Come support CCS students bring their businesses alive. Cooperstown High School. Info, www.facebook.com/Cooperstown-TREP-1508685209401557/

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/

HAPPENIN’ OTSEGO for SATURDAY, APRIL 29
HAPPENIN’ OTSEGO for SATURDAY, APRIL 29

Mozart Concert For 

Hans & Edith Wilk

14-19eventspage

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

ZAGATA: Renewables Not Ready To Replace Gas

Column by Mike Zagata for January 11, 2019

Renewables Not
Ready To Replace Gas

MIKE ZAGATA

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?

Cuomo Adds Detail To Benchmarks That Must Be Met To Open

GOVERNOR’S BRIEFING/Monday, May 4

Cuomo Adds Detail

To Benchmarks That

Must Be Met To Open

https://www.youtube.com/watch?v=JVABXvtLeP0&feature=youtu.be

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.”

DAILY BRIEFING: Absentee Ballots Issued To All New York Voters

GOVERNOR’S BRIEFING, Friday, 4/24

Absentee Ballots Issued

To All New York Voters

https://www.youtube.com/watch?v=mdaX5vguCDk

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.

CLICK FOR PROS, CONS OF ABSENTEE VOTING

 

BROCK: Renewables, Not Gas Cleaner Way To Go
LETTER from BRIAN BROCK

Renewables, Not Gas

Cleaner Way To Go

To the Editor:

The preliminary estimate of U.S. carbon dioxide emissions for 2018 is up 3.4 percent, reversing the recent downward trend.

What is more, arguing that burning methane is better than coal because it releases less carbon dioxide conveniently neglects that the entire gas infrastructure leaks methane, a much more potent greenhouse gas than carbon dioxide.  (Conveniently that is for that argument, not for the environment.)  Like carbon dioxide, methane in the atmosphere shows an upward climb.

Unproven is that the conversion from coal to gas decreases the net greenhouse gas emissions. (However, the lack of residual coal ash is a great environmental benefit and gas is cheaper.)  Increasing atmospheric concentration of methane flattened in the first years of this century, but resumed its upward climb with the boom in the natural gas industry as it tapped into shale reservoirs.

In contrast, there will be tremendous reductions in greenhouse gas emissions with the switching from fossil fuels to renewable energies.

Objecting to the subsidies for renewables overlooks the far larger subsidies that the fossil fuel industry has accrued over the decades.  And these don’t foster a fledgling industry, a long-standing practice in the United States, but instead fatten the bottom line of established companies at the expense of our country.

The boost to our economy for conversion from coal to gas pales in comparison to the boost from fossil fuels to renewables.

As becomes clearer with each passing year, the arguments for fossil fuels, including gas, are based on selective presentations that just don’t hold up to scrutiny. Net benefits are not just fiction but fantasy.

And there’s the irony of those who once argued against restrictions on the burning of methane because there’s no manmade global warming, now argue against restrictions because burning methane will lessen that same global warming.

BRIAN BROCK

Franklin

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