Jake Novak at CNBC does get one thing right in this very strange and I would say ill informed op-ed. Even though he says from the outset that he is actually for legalization he explains why legal pot will nonetheless contribute to income inequality. I think his concerns for the most part are not really concerns. At least not on a societal level.
It is New York state. I just assume when I pass over the state line that it’s pay to play there. Like Mexico. So what if the governor received over a half million in contributions from companies which later got big tax credits. No big deal.
Yet some still wonder why people are leaving the state.
The Department of Defense has been given a free ride pretty much since World War II. The Military Industrial Complex which President Eisenhower warned about in his farewell address (former 5 star general Eisenhower) is very real and it has grown and grown taking up ever more of the American economy. The contractors and the services are awash in taxpayer money. Your money. And much of this money isn’t being used wisely. It is going to hyper expensive parts procurement (see above), and for programs in sub-Saharan Africa, and jets which catch fire on the flight line (The F-35) and Lord knows what else.
Washington and the Fed think they can plan out society. That they can manipulate the levers of the economy to elicit positive outcomes (mostly for them). That leaving the world to the “whims of the marketplace” is madness. That dispassionate managers (no one is dispassionate, especially political managers) can and will make the world anew. There is no God. Government is God and it will giveth and taketh as it pleases.
Dodd-Frank, though passed 4 years ago in the wake of the Crash still isn’t even half written. It may never be fully written. As we speak regulators write new rules and regs with help from the financial industry of course. “It’s a living document.” Sigh.
To be fair the Republicans have been the party of big business and big government for a long time too.
But for all the talk of “ending corporate welfare” we’ve heard over the years from the Democrats it sure is disappointing to see how quickly the Dems have abandoned this rhetoric to defend the billion dollar, taxpayer funded corporate slush fund which is the Export-Import Bank of the United States, aka “Boeing’s Bank.”
I don’t know much about this company. I’m not into knitting and scrapbooking. But I do now know they pay almost twice the minimum wage on the lowest end of their pay scale and only objected to paying for a particular type of contraceptive which some people believe is a form of abortion.
The deeper federal control of business gets, the easier it becomes for politicians to exact tribute from business owners.
We are now at the point where the giant corporations are panicking. An all out effort is being deployed to keep the Ex-Im slush fund alive for Boeing and its behemoth brethren.
That’s the title of the article below.