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Thursday, May 06, 2010

Cruising the Web

Ah, once again economics works. Florida places a whopping big tax on boats registered in their state. It is a tax that is more than 100 times what it costs to register the boat in some other state or the Cayman Islands. So what do you bet that people do when it comes to the time to buy and register their boats? This luxury tax on the rich is rebounding to hurt people in Florida who aren't getting jobs working in an industry that is being taxed out of the state. It might be satisfying to put a huge tax on a luxury good, but the ones who are hurt aren't the rich.

Hotline reports that
Democratic turnout in Tuesday's primaries was quite dismal. I had noticed that only about 50,000 more people voted in the very competitive Democratic primary to pick a challenger to Senator Richard Burr than voted in the Republican primary where Burr was basically uncontested. In Ohio, where there was a competitive primary there was a 200,000 dropoff from 2006 when the incumbents running didn't have serious primary opponents. You think that enthusiasm for Democrats might be drying up?

How much will this really hurt Arizona? SEIU and LaRaza are going to boycott the state to protest its new immigration law.

Daniel Pipes wonders why so many commentators are mystified by what the motive could be to blow up Times Square. How can we win a struggle if leaders are so reluctant to name the enemy that wants to kill us?

Hmmm. It's not a good idea to have the Chief of Staff of the Department of the Interior take a vacation white-water rafting in the Grand Canyon while his department is responsible for coordinating the federal actions in the Gulf of Mexico. Remember all those leaders of our national security who went on vacation after the Christmas Day bombing attempt. Just not good timing.

When the FBI put Faisal Shahzad's name on the no-fly list, they asked the TSA not to pick up the phone and call the airlines to alert them that a new name had been added to the list.

The Washington Post is trying
to sell Newsweek which lost $28 million last year. Why doesn't the Democratic Party buy it since it already seems to be a wholly owned subsidiary of the Democrats?

Despite brave words from the Democrats, David Obey's announced retirement will add one more tough battle for the Democrats to maintain a seat thought to be safe. The leading Republican candidate was once on MTV's "The Real World." That will be a first.

Voters don't seem to be buying the teachers union's big effort that Toledo, Ohio needed a tax increase in order to get more money for the schools. Voters seemed to catch on that, with spending an average of $10,000 per student, more money isn't the solution. Two-thirds of Tuesday's voters voted against the tax increase.

Why are the Democrats so resistant to reforming Fannie Mae and Freddie Mac? They blocked all efforts to reform the two companies before our financial meltdown. And they didn't include any such reform in their much touted Senate financial package. NOw Senators McCain, Shelby, and Gregg are proposing an amendment to that package. We'll see if the Democrats will even allow a vote on the amendment much less support the reform. We'll see if they're really serious about preventing any more bailouts.


David said...

"On Wednesday, the government issued a new requirement: Airlines must check updates to the no-fly list within two hours of being notified of changes. Previously, the airlines have had to check for updates every 24 hours."

I'm astonished by this. I would have thought that the airline reservation systems would have been required to interface to a government database such that a real-time check of the list would be done at passenger check-in time.

tfhr said...

Betsy's suggestion for saving Newsweak is too little, too late because the Dem Party already has a daily news letter: The Washington Postitself. This effort just attempts to cut loose the weekly version in glossy form.

ic said...

Darn, what to do with those evil rich people. If you raised their income taxes, they would receive their compensations in stocks and pay the lower rate capital gain taxes. If you raised their corporate taxes, they would raise their prices and get their money back from the consumers. Worse, they would make the poor Chinese do their manufacturing, paying them much lower non-American union wages,then dump the goods on the American people. If you raised the taxes on luxury items, they would jet their private jets to foreign countries and buy their luxury goods there. If they were broke, our kind-hearted Leaders would bail them out with billions of our tax dollars.

We should, at long last, show them who's boss: we'll get rid of all rich people from this country. If they liked China so much, they could move there, or to Singapore where that big mouth Jim Roger is; or like that Wynn guy who declared he would not invest in Vegas no more and put his money in Macao, that tiny evil sinful gambling den at the edge of China. (But Wynn is a moron, he elbowed a big hole in his newly acquired masterpiece a couple of years ago. It was so funny.) The rich could relocate to Switzerland, or even move to France who had recently lowered their income taxes. Just get rid of them, they are evil. The govt. could always hire the displaced workers and print new money to pay them.

Bachbone said...

Perhaps Toledo voters finally woke up to the fact that about 80% of educational budgets go for teacher salaries and benefits, then the teacher unions extract dues from those teachers, via mandatory union shop contracts, and use them for political purposes to elect leftist politicians who pass unfunded educational requirements that require higher taxes from the voters.

Locomotive Breath said...

Ready for this one?

Section 9006 of the health care bill -- just a few lines buried in the 2,409-page document -- mandates that beginning in 2012 all companies will have to issue 1099 tax forms not just to contract workers but to any individual or corporation from which they buy more than $600 in goods or services in a tax year.

tfhr said...


Your first paragraph describes the phrase, "In a nutshell", better than anything I've ever seen and I appreciate the dry roasted sarcasm that came with it.