Yearly Archives: 2013

Germany’s Green-Energy Disaster

"Even though green-energy programs are a disgusting boondoggle, American taxpayers and consumers should be thankful they’re not in Germany. Our programs may be wasteful and corrupt, but we’re amateurs compared to what’s happening on the other side of the Atlantic. As is so often the case with government intervention, the promises from politicians about low costs were a mirage. Perhaps the most shocking part of the story is that Germans are being forced to pay $26 billion in subsidies to get less than $4 billion of green energy." Continue reading →

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Australia’s Carbon Tax: Lessons for the United States

"The real-world results in Australia throw cold water on the claims made by proponents of a U.S. carbon tax. Every single claim they make in their case for a U.S. carbon tax had the opposite effect in Australia. In the year after Australia’s carbon tax was introduced, household electricity prices rose 15%, including the biggest quarterly increase on record. Currently 19% of the typical household’s electricity bill is due to Australia’s carbon tax and other 'green' programs such as a renewable energy mandate. The job market had previously been stable, but after Australia’s carbon tax the number of unemployed began rising rapidly." Continue reading →

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Orange County, CA Still Has No Tax Software

"The tax code of Orange County is so complex that the documentation for an useless computer program to run the tax system is 6,000 pages long. The program did not work. The county then hired another firm to produce the needed program. Original bid: $8 million. But there were cost overruns: another $8 million. The county says the second program does not work. The company is part of the Tata conglomerate, the giant Indian firm. Orange County has fired Tata. So, the county is still flying blind." Continue reading →

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Philadelphia requires a license to set out an honor box

"Prior Approval: Commercial Activity License; City of Philadelphia Tax Account Number; List of desired locations of the boxes (see license for instructions); Additional Information; Cost: Dependent on the number of boxes (see the license for more information) Less than 50 boxes the fee is $10 per box. Contact: Department of Licenses and Inspections." Continue reading →

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Philadelphia applies retroactive lap dance tax at gentlemen’s clubs

"After failing to institute hikes on soda and cigarettes, Philadelphia officials have reportedly slipped a lap dance tax under the radar. Attorney George Bochetto, who represents Club Risque and Cheerleaders, said the move is 'financial desperation' and part of an effort by the city to tax the same thing twice. According to appeal petitions, Cheerleaders owes $486,482 and Club Risque owes $320,538. The city audited the lap dance encounters then 'issued an assessment going back five years,' Bochetto said, plus interest and penalties. 'It’s over the top,' he told the newspaper. 'Unbelievable.'" Continue reading →

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Obama Calls Income Gap ‘Wrong’ — After Widening It

"The Census Bureau's official measure of income inequality — called the Gini index — shows similar results. During the Bush years, the index was flat overall — finishing in 2008 exactly where it started in 2001. It's gone up each year since Obama has been president and now stands at all-time highs. It's worth underscoring that the growing income gap under Obama isn't the result of the rich getting fabulously richer. Nor is it any sort of indictment of 'trickle down' economics. Instead, it is the direct result of Obama's historically weak economic recovery, which has left the rest of the country falling behind while the wealthy have managed to make gains." Continue reading →

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With Three Weeks to Go, Nobody Knows What ObamaCare Will Cost.

"So far, 17 states have issued estimates. The exchanges are supposed to be ready for business on October 1. Coverage begins on January 1. Where are the missing 33 exchanges? The federal government must run them. The federal government is staying mute. With three weeks to go, there is no real understanding of what the costs will be for most premium payers. This is going to be an administrative disaster. It is a programming disaster. It is going to prove to millions of voters that the federal government does not know what it is doing. This will become evident on October 1, the day the new fiscal year begins." Continue reading →

Continue ReadingWith Three Weeks to Go, Nobody Knows What ObamaCare Will Cost.

More Bad Consequences from Obamacare

"I am an insurance agent for the nation's largest multiple line insurance company. There are over 17,000 of us, all independent contractors with our own employees, who, like us, are not employed by the insurance company. On September 3rd, the company announced that it would terminate all Group Medical health insurance that our employees (who work for us, not the company) participate in, effective January 1st, 2014, citing the Affordable Care Act and its restrictive underwriting requirements." Continue reading →

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IRS Rule Leads Restaurants to Rethink Automatic Tips

"An updated tax rule is causing restaurants to rethink the practice of adding automatic tips to the tabs of large parties. Starting in January, the Internal Revenue Service will begin classifying those automatic gratuities as service charges—which it treats as regular wages, subject to payroll tax withholding—instead of tips, which restaurants leave up to the employees to report as income. The change would mean more paperwork and added costs for the restaurants—and a potential financial hit for waiters and waitresses who live on their tips but don't always report them fully." Continue reading →

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Jeffrey Tucker: How to Fake a Fast Food Strike

"There’s every indication that people outside the restaurants protesting didn’t actually work for the place they were protesting. It was a classic 'rent-a-mob' situation, and the rent was being paid by political activists whose agenda has nothing to do with helping the average burger flipper. These were mostly media stunts cooked up by the Service Employees International Union, which bused in these so-called workers as a fulfillment of a little charade and subsequent media blitz. The SEIU coordinates these protests with various professional worker groups and in conjunction with the press to make the biggest possible splash." Continue reading →

Continue ReadingJeffrey Tucker: How to Fake a Fast Food Strike