This is a setup from the start. The rail line will never make money, so it's being funded with gifts in the hopes that taxpayers can be gulled into paying for its expansion in the future.
The new Levi's Stadium could turn out to be the biggest municipal financing catastrophe in history.
The economy of Kansas is beginning to revive, thanks to tax cuts by Governor Sam Brownback. Now serious cuts in state spending are needed to complete the job.
Representative David Jolly (R-Fla.) has proposed an “Alternative Maximum Tax” limiting any non-corporate taxpayer’s total tax payment — including federal, state, and local taxes — to 50 percent of adjusted gross income. But why not establish a 5 percent “Alternative Maximum Tax,” until such time as the income tax is abolished entirely?
The rising opposition in Congress to renewal of the charter for the Export-Import Bank from Tea Party congressmen has spawned an all-out effort by crony capitalist lobbyists in organizations such as the U.S. Chamber of Commerce.
When comparing Texas and California to decide where to locate a company or family, in just about every category the advantage goes to Texas.
Central banks and government entities around the world are now dominant players in the stock market with some $30 trillion invested in equities and other assets, according to a new study released this week offering the first comprehensive analysis of public-sector investments. About half of that is from central banks. In other words, monetary authorities, which conjure fiat currency into existence out of thin air, are using much of that “funny money” to gobble up real assets — propping up stock prices but eroding the value of people’s savings through inflation of the currency supply. The significance of the findings is monumental.
One of the largest "tax inversion" deals was announced earlier this week, reflecting continued disgust with U.S. corporate tax rates, the highest in the world.