I used to bet football games, and play occasional hands of cards (I’m mostly retired). I did so mostly online – via a company based in Costa Rica.
Did I know the owner of the Costa Rican company? No. Did I know anyone in Costa Rica? No. Did I have any particular affinity for that nation? No. To quote Joe Walsh (the James Gang, solo and Eagles musician, not the former Congressman):
Ain’t never been there – they tell me it’s nice.
The Costa Rican company got my money because the World Wide Web allowed me to shop large swaths of the planet for the business I liked best.
Free trade is a fabulous thing. The Internet is a fabulous thing. The latter makes the former even easier – which is a fabulous thing.
Unless you have an old school brick-and-mortar business model – and insist on not changing as the world does.
For most stubborn businesses – that spells doom. If you’re an industry titan and can afford to pony up to politicians – you look to get the government to protect you from Reality. Continue reading
…you’ll love how they’ll handle the Internet.
The late, inordinately great Ronald Reagan rightly observed:
“The nine most terrifying words in the English language are: I’m from the government and I’m here to help.”
So when the federal government says about Ebola “We’ve got this”- people have a problem believing it.
Obama Underwater on Ebola Response
Ah, the Barack Obama Administration – which has been caught lying over and over and over again.
Many Voters Say Obama Lies to the Country on Important Matters
81 percent of Americans believe that Obama lies to them at least “now and then”on “important matters.”
The Obama Administration has again and again offered Ebola assertions and assurances that Reality has subsequently demonstrated were…wanting. Continue reading
To paraphrase the knight who guarded the Holy Grail in “Indiana Jones and the Last Crusade,”Ireland has chosen poorly.
The Emerald Isle has decided to make itself decidedly less attractive to people the world over.
Irish Budget Set to Phase Out Multinationals’ Favourable Tax Arrangement
Ireland is set to announce sweeping changes to its corporate tax structure in its budget on Tuesday, phasing out a loophole that has allowed multinationals to save billions of dollars in tax on their worldwide income.
This is the tax code equivalent of having Jay-Z rewrite Shakespeare. Why would Ireland hamstring itself?
The country has faced sustained criticism over the past 18 months from other European Union members and the United States for its tax rules and Finance Minister Michael Noonan is expected to lay out plans to end an arrangement that has enabled firms such as Google and Apple to cut their overseas tax rates to single digits.
Uber-high tax nations don’t like being scorned. So the EU is trying to force people to like them – which didn’t work in elementary school and won’t work now. And the United States has the highest corporate tax rate on the planet – so we too are in the cafeteria dining alone.
Ireland has to know they’re damaging themselves, right? Continue reading
Government is an organism just like any other. Just like any other, its first priority is self-preservation. Its second is self-expansion.
Government expansion requires money. Government doesn’t earn any of its own – it must take ours. Hence – taxes. Since governments’ desire to grow is pervasively ubiquitous – the fervent desire to increase taxes is pervasively ubiquitous.
When government demands more of our coin, the assumption is that every penny they already take is being used wisely and well. As we all know, that ain’t anywhere near true.
Governments like to ratchet up taxes in areas they’ve already planted their confiscation flag. But they REALLY like to find untaxed parts of the economy – and excise the daylight out of them. In the name of “fairness”for the crushingly-taxed economic sectors.
They are the Francisco Pizaros of our wallets – the enticement and excitement of pillaging virgin territory is almost unbearable. Continue reading
Conservatives and Libertarians inherently have little faith or trust in government. We know the institution is inherently flawed – and self-serving.
Government violates the Wallet Rule. Which is:
You go out on a Friday night with your wallet. You go out the following Friday night with my wallet. On which night are you going to have more fun?
Government is always working with our wallet – theirs is empty until they first fleece ours. They will thus never spend our money as prudently, wisely or well as do we.
Government is just another organism. Like any other, its first priority is self-preservation – its second self-expansion. And worse than just about any other – it will do whatever it takes to accomplish these priorities.
Including lie its collective face off.
The Barack Obama Administration is the most government-expansive administration in our nation’s history. To that end, they have used any means necessary – including lying its collective face off. For instance:
“If you like your health care plan/doctor – you can keep your health care plan/doctor.” Continue reading
Perhaps lost in the incessant, rolling bad news shuffle that is the Barack Obama Administration are the ongoing Hong Kong protests of rising Chinese domestic interference.
This is exactly the sort of thing we freedom lovers and free marketeers feared when in 1984 the British agreed to in 1997 hand over control of the island to the mainland Communists.
To alleviate the concern, the Chinese Communists pledged non-interventionism.
(T)he Chinese government in Beijing promised to let Hong Kong keep its special rights and its autonomy —a deal known as “one country, two systems.”
But we knew the Chinese Communist Party couldn’t forever resist assaulting the golden goose.
(S)tudent groups led peaceful marches to protest China’s new plan for Hong Kong’s 2017 election, which looked like China reneging on its promise to grant the autonomous region full democracy….
Crackdown on Protests by Hong Kong Police Draws More to the Streets
Downtown Hong Kong turned into a battlefield of tear gas and seething crowds on Sunday after the police moved against a student democracy protest, inciting public fury that brought tens of thousands of people onto the streets of a city long known as a stable financial center.
Sound familiar? Continue reading
Jeff Bezos is a transcendent Internet entrepreneur. He understands the way the Web works in a way few others do. He sees around the curve of the Earth just a little further than do most of us.
To wit: Bezos started in 1994 Amazon.com.
(T)he world’s largest internet company, based on revenue and number of employees.
Bezos has done okay.
Real Time Net Worth: $29.9 Billion.
In 2013 Bezos waded into the dying world of Dinosaur Journalism – purchasing the Washington Post for $250 million (ostensibly pulled out of his petty cash drawer).
Transitioning journalism forward needs to happen. If it can be done successfully, Bezos ain’t a bad guy to take the shot. Continue reading
Great Set – Bad Policies
Please click here for the video.
As the great P.J. O’Rourke said:
“Giving money and power to government is like giving whiskey and car keys to teenage boys.”
We have to give the Feds some – the Constitution requires it. But in 1984 the Supreme Court threw wide open the doors to every liquor store and vehicle in the nation.
Chevron U.S.A., Inc. v. Natural Resources Defense Council, Inc. was a case in which the United States Supreme Court set forth the legal test for determining whether to grant deference to a government agency’s interpretation of a statute which it administers.
Chevron is the Court’s clearest articulation of the doctrine of “administrative deference,” to the point that the Court itself has used the phrase “Chevron deference” in more recent cases.
What has that meant in thirty years of practice? Continue reading
Warren Buffett Inverts His Rule
Remember the “Buffett Rule?”
The Buffett Rule is part of a tax plan proposed by President Barack Obama in 2011. The tax plan would apply a minimum tax rate of 30 percent on individuals making more than a million dollars a year.
Remember for whom it’s named?
The Buffett Rule is named after American investor Warren Buffett, who publicly stated in early 2011 that he believed it was wrong that rich people, like himself, could pay less in federal taxes, as a portion of income, than the middle class, and voiced support for increased income taxes on the wealthy.
Remember what Buffett 2012 said – in his New York Times editorial? Continue reading
Please Press Play, and Enjoy
Is the Barack Obama Administration more than a mite out of control when it comes to imposing new regulations? Indeed so.
Regulations Under Obama Cost Households $14,768 Yearly
Obama Hits the Gas on Regs
Regulations Take $1.8 Trillion Bite Out of Economy
Is the Obama Administration more than a little off on their regulations assessments? Indeed so.
Obama Regs Cost 20-Times Admin’s Estimate
Twenty 9-0 Supreme Court Rulings Against (Administration)
Hundreds of Obama Administration Regulations Are Illegal
Speaking of illegal, let’s look at Obama’s Federal Communications Commission (FCC). Continue reading