The Speaker of the New York State Assembly, Sheldon Silver was recently arrested on corruption charges. Millions of dollars in bribes may have found their way to the politician. Given that the Manhattan Democrat was the most powerful person in the state legislature for years, this is no small deal.
At least part of what concerns authorities is Silver’s connection to an oncologist, Dr. Robert N. Taub a leading light in the effort to fight mesothelioma. Mr. Taub’s office may have improperly referred cancer patients to the law firm of the Assembly Speaker. These patients translated into millions of dollars in lawyer fees.
“So dig this everyone. We can spend as much money as we want on anything that we want. We’ll just get our kids to pay it off man. Far out!”*
Sorry baby boomers but you are killing us. You enjoyed an economic rising tide for pretty much your whole lives (a tide which today’s young adults can’t even dream of) and, well, if you haven’t squared yourself away financially by now (I am speaking generationally here) I don’t have a whole lot of sympathy. The money is running out. Sorry. I’m not inclined to run my financial life and that of my country into the ground just because you’ve been “promised” a certain standard of living.
It sounds harsh, and perhaps in some ways it is. But you’ve gotten the breaks. You got to party. You guys divorced each other, did blow, and leveraged the country to meet your “needs.” Now my generation has to clean things up and put things in order, like adults.
Davos, for those who don’t know is a little town high in the Swiss Alps where many of the world’s financiers and intellectual muckity mucks gather once a year. There are conferences, lots of “Oprah style” conversations with bank CEOs and former heads of state, Kissinger waxes on about whatever. Perhaps little bit of skiing too (for those still limber enough) and expensive prostitutes (for the same limber set). CNBC and Bloomberg descend to read the tea leaves and to rub elbows. Lots of business cards are exchanged. Much cognac is enjoyed. It’s a nice way for people who want to rule the world to get to know the people who actually DO run the world. In general it sounds like a pretty good time.
But man, are some of the folks who attend just stinking hypocrites. (Soros is there almost every year.)
Cheap gas is great. I’m all for it. Seriously $1.90 at the local pump. Fantastic. But pretty much all net “real” jobs created in the US since the onset of the current economic calamity have been as a result of the shale gas revolution and in Texas specifically. The oil plunge has impacted this and Americans should be prepared for it.
It is interesting that according to the attached article Texas alone is the 6th largest producer of crude oil on the planet now. One never hears that in the old media.
It’s not like Martin Scorsese was going to come out and hammer the Clintons or anything in the HBO (super “liberal”) produced documentary. Even still, Hillary didn’t trust the old director. She wanted control over questions asked in the movie and it sounds like editorial veto.
When push comes to shove, it’s easier for many supposedly “conservative” governors to propose a tax increase with supposed benefits for his or her state than it is to simply let people keep their own money. The money they earned.
Whenever we go through these revenue increase phases it is always remarked that it’s been such and such number of years since the last increase so “we’re about due.”
No we’re not. We are not “due.” Just because the state’s piece of the pie hasn’t enlarged in a while doesn’t mean that for some reason it should now.
This is the tax rate in Norway, a SOCIALIST country. In many states in the US many people pay way more than this. This should not be.
Make no mistake, the government wants your savings. They want as much as they can get politically. The president recently floated the idea of taxing 529 plans, used to save for college, to pay for community college for people other than your kids. Why should the money you earned, and saved, go to your family? Better for the government to take your money from you so that it can give a gift to political allies.
Some people might call this theft. But not us. Oh, not us.