I'm having trouble coming up with a non-expletive term for our infamous local megalomaniac:
After being dealt a rare public embarrassment by the City Council, which forced his administration to acknowledge on Monday that he was legally required to send out $400 rebate checks promised to hundreds of thousands of New York homeowners, a defiant Mr. [...]
Entries Tagged as 'Taxation & Fiscal Policy'
Another Four Years of This?
November 21st, 2008 · No Comments
Tags: Activist Legislators & Nanny Statists · Law · New York City & State · Progressive Taxation · Property Rights · Updates
Mitt Romney Was For Detroit Before He Was Against It
November 19th, 2008 · 1 Comment
Mitt Romney, January 14, 2008:
Michigan is enduring a one-state recession, and the problem has only been exacerbated by poor choices made by some of the leaders in Lansing to raise taxes and take that course instead of cutting spending.
…
A lot of Washington politicians are aware of the pain, but they haven't done anything about it. [...]
Tags: Activist Legislators & Nanny Statists · Economics & Finance · Politics · Taxation & Fiscal Policy
On "Paulson as the New Rohatyn"
November 18th, 2008 · 1 Comment
Bob Herbert is confused:
The famous Daily News headline, "Ford to City: Drop Dead," ran on Oct. 30, 1975.
New York was on the verge of bankruptcy, and President Ford (who never actually said "drop dead") had made it clear, after listening to conservative hard-liners both inside and outside of his administration, that he planned to veto [...]
Tags: Economics & Finance · Libertarianism · Taxation & Fiscal Policy
On the Calls for an Auto Industry Bailout
November 17th, 2008 · 2 Comments
Some hasty stitches regarding calls to use TARP money to bail out the Big Three automakers:
General Motors is not "the U.S. auto industry." The Big Three are not "the U.S. auto industry." There are many different metrics (vehicle production, revenue, employment, etc.) but a good benchmark is that the Big Three represent only about one-half [...]
Tags: Economics & Finance · Rent-Seeking · Taxation & Fiscal Policy
Corky Scalia's Inadvertent Libertarianism
November 13th, 2008 · 1 Comment
Attributed to Scalia in yesterday's oral arguments for Pleasant Grove City v. Summum:
"You can't run a museum if you have to accept everything, right?"
Right — Which is exactly why the government should not be running museums in the first place.
As for the outcome of this bizarre case, I think Chief Corky Roberts summed it [...]
Tags: First Amendment - Religion · First Amendment - Speech · Libertarianism · Public Goods v. Private Goods · Updates
On Calls to Revoke LDS' Tax-Exempt Status
November 9th, 2008 · 8 Comments
Consider the following correction in Sunday's Washington Post:
Because of an editing error, the Nov. 7 op-ed column "Vows That Can't Be Voted Down" incorrectly suggested that the Mormon Church had contributed funds to efforts to pass Proposition 8, the constitutional amendment to ban same-sex marriage in California. The op-ed should have said "members of the [...]
Tags: First Amendment - Religion · First Amendment - Speech · Gay Rights and Issues · Law · Society, Religion, Culture Wars · Taxation & Fiscal Policy
Will the Democrats Privatize Social Security?
November 6th, 2008 · 2 Comments
Or, perhaps better stated: Do the Democrats even understand the implications of their proposals?
Powerful House Democrats are eyeing proposals to overhaul the nation's $3 trillion 401(k) system, including the elimination of most of the $80 billion in annual tax breaks that 401(k) investors receive.
House Education and Labor Committee Chairman George Miller, D-California, and Rep. [...]
Tags: Politics · Progressive Taxation · Social Security · Taxation & Fiscal Policy
High Fuel Prices Do Not Make Amtrak a Public Good
November 3rd, 2008 · 6 Comments
There's nothing particularly noteworthy about the (freshman economics) notion that as fuel costs (or other costs, such as airport delays and security theater) rise, people will increasingly switch to substitute modes of transportation:
The high cost of fuel, along with traffic and airport congestion, is drawing travelers back to trains for commuting and for travel between [...]
Tags: Public Goods v. Private Goods · Taxation & Fiscal Policy
HIV and the Fallacy of "Legislating Discovery"
October 30th, 2008 · 1 Comment
Scientific American recently published a collection of "special report" articles on the general topic of "HIV — 25 Years Later." From the Editor's Introduction:
In 1983 and 1984 scientists established that HIV (the human immunodeficiency virus) causes AIDS, which had recently begun cropping up in gay men in California and New York. The discovery quickly led [...]
Tags: Activist Legislators & Nanny Statists · Gay Rights and Issues · Taxation & Fiscal Policy
Obama Continues to Ignore His Own "Donut Hole" Plan (and Its Flaws)
October 28th, 2008 · 2 Comments
Barack Obama, October 27:
No matter what Senator McCain may claim, here are the facts – if you make under $250,000, you will not see your taxes increase by a single dime – not your income taxes, not your payroll taxes, not your capital gains taxes. Nothing. Because the last thing we should do in this [...]
Tags: Politics · Social Security

















