I met the author of this article, a veteran, at a party recently in Washington DC. I love that Crystal City, which is right next to the Pentagon and where dozens of defense contractors are based, is in the congressional district he wants to represent. My bet is he won’t be getting many donations from those zip codes.
Columnist Rusty Humphries responds to Congressman Moran’s complaint that $174,000/year, plus amazing healthcare, plus a fantastic pension isn’t enough for members of Congress to live on.
Congressman Jim Moran who represents the heart of “federal employee country” (parts of Fairfax and Arlington counties in Virginia) said last week that members of Congress are underpaid. He says this every once in a while and he reflects the Washington DC entitlement mentality that I sense most Americans only have an inkling of.
We are all for tax breaks generally. The less revenue coming out of the productive economy the better – for the most part. But tax breaks, even though they are infinitely better than tax credits which are paid for directly by the taxpayer, can still be a form of crony capitalism. If company or industry X gets a big break and company or industry Y does not, company or industry Y is at a disadvantage.
One of the issues associated with “targeted” tax cuts for industry is that they often have to come up for renewal. (Instead of just being part of the tax code.) Every couple of years Congress has to give the official OK. This is good news for the lobbyists as they have a renewable revenue source in “fighting” to maintain these tax cuts.
A blistering piece by Matthew Continetti chronicling the crony capitalist and some would say “un-american” exploits of the leader of the Senate. Harry Reid is a crony capitalist of the first order and he has brought along his family. (As any crony capitalist worth his salt does.)
Reid is a multi-millionaire, yet he’s spent practically his entire life in politics. A route for a comfortable life to be sure but not the way in the United State to vast riches. (Historically, things are different now.) How did he get so rich?
Living it up with other people’s money. It’s long been a pastime for our government. (And governments in general. The British still put up with a “royalty.”)
You, you see aren’t in government. You are simply not that important. To the degree that you exist you exist as a profit center for us, the people who run the show. We can wipe you out with a fountain pen. You should be thankful to pay for our private jets.
This is a fascinating video and well worth the time.
It is vital that Silicon Valley pushes back now and redeems itself while it can. It’s not only the right thing to do, it is hugely important for our trust based economy.
In my very brief time on Capitol Hill after college I remember that raising money as soon as a Congressperson was elected was of the absolute highest priority. If one didn’t raise a pile of money early the other party might perceive you as weak and would then dump cash into your next opponent’s campaign.