<!DOCTYPE html><html><head><title></title><style type="text/css">p.MsoNormal,p.MsoNoSpacing{margin:0}</style></head><body><div style="font-family:Arial;">Major investors lose little — certainly as a percentage of wealth — because they have the super-high speed systems and insider status to ameliorate their loses. As always, it is the smaller investor that cannot trade in milliseconds, but in minutes and hours, that loses the most.<br></div><div style="font-family:Arial;"><br></div><div style="font-family:Arial;">davew<br></div><div style="font-family:Arial;"><br></div><div style="font-family:Arial;"><br></div><div>On Sat, May 2, 2020, at 4:12 PM, Gary Schiltz wrote:<br></div><blockquote type="cite" id="qt" style=""><div dir="ltr">Would the rich, with proportionally more in the stock market, be disadvantaged by drops in stock prices? I suppose, on the other hand, they would tend to have enough cash or equivalent to to take advantage of the price drops to buy stocks at reduced prices.<br></div><div><br></div><div class="qt-gmail_quote"><div dir="ltr" class="qt-gmail_attr">On Sat, May 2, 2020 at 5:02 PM <<a href="mailto:thompnickson2@gmail.com">thompnickson2@gmail.com</a>> wrote:<br></div><blockquote class="qt-gmail_quote" style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0.8ex;border-left-color:rgb(204, 204, 204);border-left-style:solid;border-left-width:1px;padding-left:1ex;"><div lang="EN-US"><div class="qt-gmail-m_-8816674017628355264WordSection1"><p class="qt-MsoNormal">Hi, Dave, <u></u><u></u><br></p><p class="qt-MsoNormal"><u></u> <u></u><br></p><p class="qt-MsoNormal">Given that the super rich have the resiliency to respond to any crisis, I have a hard time imagining anything that would disadvantage them EXCEPT taxing the living daylights out of them. We did pretty well on 90% marginal tax rates. <u></u><u></u><br></p><p class="qt-MsoNormal"><u></u> <u></u><br></p><p class="qt-MsoNormal">I agree about the White Quarantine. <u></u><u></u><br></p><p class="qt-MsoNormal"><u></u> <u></u><br></p><p class="qt-MsoNormal">Nick <u></u><u></u><br></p><p class="qt-MsoNormal"><u></u> <u></u><br></p><p class="qt-MsoNormal"><u></u> <u></u><br></p><p class="qt-MsoNormal"><u></u> <u></u><br></p><div><p class="qt-MsoNormal">Nicholas Thompson<u></u><u></u><br></p><p class="qt-MsoNormal">Emeritus Professor of Ethology and Psychology<u></u><u></u><br></p><p class="qt-MsoNormal">Clark University<u></u><u></u><br></p><p class="qt-MsoNormal"><a href="mailto:ThompNickSon2@gmail.com" target="_blank"><span style="color:rgb(5, 99, 193);">ThompNickSon2@gmail.com</span></a><u></u><u></u><br></p><p class="qt-MsoNormal"><a href="https://wordpress.clarku.edu/nthompson/" target="_blank"><span style="color:rgb(5, 99, 193);">https://wordpress.clarku.edu/nthompson/</span></a><u></u><u></u><br></p><p class="qt-MsoNormal"><u></u><u></u><br></p><p class="qt-MsoNormal"><u></u> <u></u><br></p></div><p class="qt-MsoNormal"><u></u> <u></u><br></p><div><div style="border-right-color:currentcolor;border-right-style:none;border-right-width:medium;border-bottom-color:currentcolor;border-bottom-style:none;border-bottom-width:medium;border-left-color:currentcolor;border-left-style:none;border-left-width:medium;border-top-color:rgb(225, 225, 225);border-top-style:solid;border-top-width:1pt;padding-top:3pt;padding-right:0in;padding-bottom:0in;padding-left:0in;"><p class="qt-MsoNormal"></p><div><b>From:</b> Friam <<a href="mailto:friam-bounces@redfish.com" target="_blank">friam-bounces@redfish.com</a>> <b>On Behalf Of </b>Prof David West<br></div><div><b>Sent:</b> Saturday, May 2, 2020 3:02 PM<br></div><div><b>To:</b> <a href="mailto:friam@redfish.com" target="_blank">friam@redfish.com</a><br></div><div><b>Subject:</b> Re: [FRIAM] ill-conceived question<u></u><u></u><br></div><p></p></div></div><p class="qt-MsoNormal"><u></u> <u></u><br></p><div><p class="qt-MsoNormal"><span style=""><span class="font" style="font-family:Arial, sans-serif;">I once taught an honors course, with Father Smith at St. Thomas on the Anthropology and Theology of War. One of the prime forces behind war — since prehistory — had been nothing more than birth control.<u></u><u></u></span></span><br></p></div><div><p class="qt-MsoNormal"><span style=""><span class="font" style="font-family:Arial, sans-serif;"><u></u> <u></u></span></span><br></p></div><div><p class="qt-MsoNormal"><span style=""><span class="font" style="font-family:Arial, sans-serif;">davew<u></u><u></u></span></span><br></p></div><div><p class="qt-MsoNormal"><span style=""><span class="font" style="font-family:Arial, sans-serif;"><u></u> <u></u></span></span><br></p></div><div><p class="qt-MsoNormal"><span style=""><span class="font" style="font-family:Arial, sans-serif;"><u></u> <u></u></span></span><br></p></div><div><p class="qt-MsoNormal">On Sat, May 2, 2020, at 12:37 PM, <a href="mailto:thompnickson2@gmail.com" target="_blank">thompnickson2@gmail.com</a> wrote:<u></u><u></u><br></p></div><blockquote style="margin-top:5pt;margin-bottom:5pt;" id="qt-gmail-m_-8816674017628355264qt"><div><p class="qt-gmail-m_-8816674017628355264qt-msonormal1">Well, in a sense that’s correct. But their <a href="https://www.researchgate.net/publication/238356686_A_Utopian_perspective_on_ecology_and_development" target="_blank">method of “birth control”</a> is not one that I am prepared to take as a model. Just imagine the worst sort of dystopian post apocalyptic novel. See the description of the Calhoun experiment on p 224.<u></u><u></u><br></p><p class="qt-gmail-m_-8816674017628355264qt-msonormal1"> <u></u><u></u><br></p><p class="qt-gmail-m_-8816674017628355264qt-msonormal1">Nick<u></u><u></u><br></p><p class="qt-gmail-m_-8816674017628355264qt-msonormal1"> <u></u><u></u><br></p><div><p class="qt-gmail-m_-8816674017628355264qt-msonormal1">Nicholas Thompson<u></u><u></u><br></p><p class="qt-gmail-m_-8816674017628355264qt-msonormal1">Emeritus Professor of Ethology and Psychology<u></u><u></u><br></p><p class="qt-gmail-m_-8816674017628355264qt-msonormal1">Clark University<u></u><u></u><br></p><p class="qt-gmail-m_-8816674017628355264qt-msonormal1"><a href="mailto:ThompNickSon2@gmail.com" target="_blank"><span style="color:rgb(5, 99, 193);">ThompNickSon2@gmail.com</span></a><u></u><u></u><br></p><p class="qt-gmail-m_-8816674017628355264qt-msonormal1"><a href="https://wordpress.clarku.edu/nthompson/" target="_blank"><span style="color:rgb(5, 99, 193);">https://wordpress.clarku.edu/nthompson/</span></a><u></u><u></u><br></p><p class="qt-gmail-m_-8816674017628355264qt-msonormal1"><u></u> <u></u><br></p><p class="qt-gmail-m_-8816674017628355264qt-msonormal1"> <u></u><u></u><br></p></div><p class="qt-gmail-m_-8816674017628355264qt-msonormal1"> <u></u><u></u><br></p><div><div style="border-right-color:currentcolor;border-right-style:none;border-right-width:medium;border-bottom-color:currentcolor;border-bottom-style:none;border-bottom-width:medium;border-left-color:currentcolor;border-left-style:none;border-left-width:medium;border-top-color:rgb(225, 225, 225);border-top-style:solid;border-top-width:1pt;padding-top:3pt;padding-right:0in;padding-bottom:0in;padding-left:0in;"><div><p class="qt-MsoNormal"><b>From:</b> Friam <<a href="mailto:friam-bounces@redfish.com" target="_blank">friam-bounces@redfish.com</a>> <b>On Behalf Of </b>Marcus Daniels<u></u><u></u><br></p></div><div><p class="qt-MsoNormal"><b>Sent:</b> Saturday, May 2, 2020 12:15 PM<u></u><u></u><br></p></div><div><p class="qt-MsoNormal"><b>To:</b> The Friday Morning Applied Complexity Coffee Group <<a href="mailto:friam@redfish.com" target="_blank">friam@redfish.com</a>><u></u><u></u><br></p></div><div><p class="qt-MsoNormal"><b>Subject:</b> Re: [FRIAM] ill-conceived question<u></u><u></u><br></p></div></div></div><p class="qt-gmail-m_-8816674017628355264qt-msonormal1"> <u></u><u></u><br></p><p class="qt-gmail-m_-8816674017628355264qt-msonormal1">< <span style="color:black;">You recall that I invoked as a model that experiment in which 24 rats were put in a quarter acre enclosure in Baltimore and fed and watered and protected to see how the population would develop. They never got above two hundred. </span>><u></u><u></u><br></p><p class="qt-gmail-m_-8816674017628355264qt-msonormal1"> <u></u><u></u><br></p><p class="qt-gmail-m_-8816674017628355264qt-msonormal1">Maybe the rats were right?<u></u><u></u><br></p><p class="qt-gmail-m_-8816674017628355264qt-msonormal1"><span class="qt-gmail-m_-8816674017628355264size"><b><span style=""><span class="size" style="font-size:12pt;"> </span></span></b></span><u></u><u></u><br></p><p class="qt-gmail-m_-8816674017628355264qt-msonormal1">Marcus<u></u><u></u><br></p></div><div><p class="qt-MsoNormal">.-. .- -. -.. --- -- -..-. -.. --- - ... -..-. .- -. -.. -..-. -.. .- ... .... . ...<u></u><u></u><br></p></div><div><p class="qt-MsoNormal">FRIAM Applied Complexity Group listserv<u></u><u></u><br></p></div><div><p class="qt-MsoNormal">Zoom Fridays 9:30a-12p Mtn GMT-6 <a href="http://bit.ly/virtualfriam" target="_blank">bit.ly/virtualfriam</a><u></u><u></u><br></p></div><div><p class="qt-MsoNormal">unsubscribe <a href="http://redfish.com/mailman/listinfo/friam_redfish.com" target="_blank">http://redfish.com/mailman/listinfo/friam_redfish.com</a><u></u><u></u><br></p></div><div><p class="qt-MsoNormal">archives: <a href="http://friam.471366.n2.nabble.com/" target="_blank">http://friam.471366.n2.nabble.com/</a><u></u><u></u><br></p></div><div><p class="qt-MsoNormal">FRIAM-COMIC <a href="http://friam-comic.blogspot.com/" target="_blank">http://friam-comic.blogspot.com/</a> <u></u><u></u><br></p></div><div><p class="qt-MsoNormal"><u></u> <u></u><br></p></div></blockquote><div><p class="qt-MsoNormal"><span style=""><span class="font" style="font-family:Arial, sans-serif;"><u></u> <u></u></span></span><br></p></div></div></div><div>.-. .- -. -.. --- -- -..-. -.. --- - ... -..-. .- -. -.. -..-. -.. .- ... .... . ...<br></div><div> FRIAM Applied Complexity Group listserv<br></div><div> Zoom Fridays 9:30a-12p Mtn GMT-6 <a href="http://bit.ly/virtualfriam" rel="noreferrer" target="_blank">bit.ly/virtualfriam</a><br></div><div> unsubscribe <a href="http://redfish.com/mailman/listinfo/friam_redfish.com" rel="noreferrer" target="_blank">http://redfish.com/mailman/listinfo/friam_redfish.com</a><br></div><div> archives: <a href="http://friam.471366.n2.nabble.com/" rel="noreferrer" target="_blank">http://friam.471366.n2.nabble.com/</a><br></div><div> FRIAM-COMIC <a href="http://friam-comic.blogspot.com/" rel="noreferrer" target="_blank">http://friam-comic.blogspot.com/</a> <br></div></blockquote></div><div>.-. .- -. -.. --- -- -..-. -.. --- - ... -..-. .- -. -.. -..-. -.. .- ... .... . ...<br></div><div>FRIAM Applied Complexity Group listserv<br></div><div>Zoom Fridays 9:30a-12p Mtn GMT-6 bit.ly/virtualfriam<br></div><div>unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com<br></div><div>archives: http://friam.471366.n2.nabble.com/<br></div><div>FRIAM-COMIC http://friam-comic.blogspot.com/ <br></div><div><br></div></blockquote><div style="font-family:Arial;"><br></div></body></html>