Museum of corruption to open in NY, Focus on kickbacks and cronyism, Albany’s “renewable resource”

I like the way this professor thinks. Why not create a tourist destination which makes use of New York State’s seemingly unending corruption? There’ll always be something new to explore, and New Yorkers and other folks from all around will be able to come and learn in detail about the underbelly of the Empire State.

Seriously, it’s a great idea. In fact someone ought to do one in Downtown Washington DC. I’d bet it would be a solid draw.

Read More

If You Think Corporate Inversions Are Bad, Blame Politicians rather than Pfizer

Image: Tax Foundation

I actually don’t think corporate inversions are bad. There are lots of things corporations do which are bad, and we chronicle them here all the time. Working the system for subsidies. Working the system to gain inside contracts. Gaming the system to shut out competitors. Buying politicians. And a million other things. But inversions in principal are not bad. Of course a corporation is going to want to minimize its tax outlay. People do. If I was a shareholder of a company I would expect that company leadership would do the inversion thing if it made sense.

Read More

Poll: 1 in 3 Independent and Republican voters see the government as an “enemy”

Many people see the federal government as not reflecting their views at all. Some see the unending expansion of the state into every nook and cranny of life, and the gaming of the government by powerful corporate and political interests, as a real threat. Indeed that our massive government is encroaching on the things many Americans hold particularly dear, independence, for some – faith, economic liberty, liberty generally, privacy, and so on.

Read More

HHS: Bailing out Obamacare insurers an ‘obligation’ of the federal government (That means you and me)

Well, there you go. We warned about this a month ago. Obamacare is a failed plan and it will fail more. But people will try to have the taxpayers pay for this disaster, Obamacare, aka Obama’s Iraq War. One month ago we said;

Read More

Blowback: The Washington War Party’s Folly Comes Home to Roost

“Victorious warriors win first and then go to war, while defeated warriors go to war first and then seek to win”
Sun Tzu, The Art of War

Some of the folks in the Military Industrial Complex would be wise to revisit the lessons in this book. Of course much of the Art of War is about being frugal with resources. The contractors aren’t too keen on that.

Read More

The best and worst states for taxes

I live in the Old Dominion, Virginia, mother of presidents and land of the Blue Ridge Mountains and the Chesapeake Bay. Our tax burden is on the edge of becoming overly burdensome. Thankfully there’s still enough sense in the commonwealth to keep the Northeastern interlopers in check. (They want Northern Virginia to become New Jersey.)

Read More

Seattle Gives Cash to Turn Average Joe Into Political Player

This will be an interesting experiment. I don’t much care for taxes financing politicians running for office (at all), but I’m interested to see how this works out. Lots of landmines with this though as the article explains.

And hey, if people running for office get vouchers, why not kids stuck in crummy schools?

Read More

Extra pay for Chicago police and firefighters is excessive, unsustainable (Taxpayers get out now.)

A few weeks ago we posted on Finnish police wandering the streets of Helsinki looking for pizza which was priced “too cheaply.” The reason? The fear that pizza vendors were selling at a price which didn’t generate enough sales tax revenue for the socialist country. In that post we explained that in many parts of the American big government archipelago, the Northeast, parts of the urban Midwest, and much of California it was likely only a matter of time before “pizza police”

Read More

In the D.C. luxury housing market, $2 million is the new $1 million

As we’ve discussed many times Washington DC metro is by far the wealthiest metro area in the United States. There are pockets which are wealthier, parts of Manhattan, parts of San Francisco, but overall Washington has the most wealth and the broadest wealth. This is because over the last 20 years the cronies at various levels have amassed more of the country’s dough in the leafy suburbs of Northern Virginia and Southern Maryland. It is a land of government employees (who average total compensation of over $120,000 per year),

Read More

“There, There, Work With Us, And We’ll Cut You In”

Michael Lind has written a long article in Politico (where he is a contributing editor) on the future of the Republican party. I’ll save you the trouble of reading all of it. At the end, it suggests that the rational thing for the party to do is to accept today’s “progressive” welfare state, but just try to tilt the government payments to white middle class workers and businesses, in other words the core voters and the core financiers of the party.

Read More