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Tag Archives: taxes

More Taxes and Tuition Buy Time for the Pension Bubble

By Ed Ring, executive director, California Policy Center

 

“The ‘recovery’ is largely an illusion created by the effects of zero percent interest rates, quantitative easing, and deficit spending. The asset bubbles that have been created as a result of these policies have primarily benefited the owners of stocks, bonds, and real estate (the rich), while simultaneously deterring the savings and capital investment that is needed to actually create good paying jobs and increased purchasing power.”

-  Peter Schiff, EuroPacific Weekly, November 6, 2014

The question everyone should be asking, especially the managers of public employee pension funds, is how much longer our economy can run on zero percent (adj. for inflation) interest rates, quantitative easing, and deficit spending.

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Obama asked if a future president could just issue an executive order absolving citizens of tax burdens: “Absolutely not!” (Video)

I have no love for George Stephanopoulos but his stock went up about tenfold in my book with the below question.

George makes a great point. If the president doesn’t have to faithfully execute the law on immigration (He does, the Constitution expressly says that he does.) why should a future president have to execute the law faithfully in all sorts of other areas including taxes? Boy, Obamacare would fall apart pretty much overnight.

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The ACA and filing season. Be afraid

The Obamacare open enrollment period is upon us again. But as the author of the attached article says, enrollment isn’t the biggest challenge for the program over the next 6 months. When April 15th comes a LOT of individuals are going to be paying penalties they don’t realize they are going to have to pay.

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Californians just keep voting to raise taxes

I like California. It’s a wonderful place to visit. But at this point I wonder how any business gets done in the state at all. Strike that – I don’t know how any non-crony business gets done in the state.

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Senator Mike Lee lays out an agenda for the Senate (And it’s pretty good)

At the top of the list is building trust with the American people. OK, that is key.

Just below building trust with the citizenry? Fighting crony capitalism. No joke. Lee sees it (rightly) as perhaps the issue which will define the success of this Congress and the GOP going forward. If the GOP actually works to reduce crony capitalism, to free up the economy, to reduce the special deals for big business and other large interests, the party  will be rewarded. If however the Republicans lapse back into favor pedaling voters will punish the party.

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Taxi companies want you to pay more and to have lower quality service – simple as that

I think at this point I may just have to avoid taxis all together. It’s probably worth it to go out of my way to use services like Uber and Lyft. Thing is, even with all the crony capitalism, with all the inside dealing, the licensing, etc., I probably still won’t have to go out of my way to get a ride from Uber or Lyft. You know why? Because the ridesharing companies want my business and respect me as a customer.

The taxi companies clearly do not.

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