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California’s new law, imposing a tax on Internet transactions, is a case study in futility. Instead of raising tax revenue, AB 28X will serve to discourage commerce and thus thwart California’s attempt to balance its budget. The following article is instructive, if anyone cares to learn:
Amazon ends deal with 25,000 California websites
Jan Norman
Orange County Register
June [...]
Posted by Jerry Pomeroy as Budgets, Economics, Government Blunders, Taxation at 6:30 AM UTC
It looks as if Thailand may be on the verge of electing its first female Prime Minister. If her countrymen are anything like Americans, she’ll be a shoe-in. Not only is she good-looking, but she has learned the American art of buying votes. Just read the news account as follows:
PHIBUN MANGSAHAN, Thailand – “The woman [...]
Posted by Jerry Pomeroy as Core Values, Cultural Insanity, Welfare at 2:01 PM UTC
Global warming proponents all still at it, once again caught manipulating data in their favor. No surprise, but continuing amazement that so many still buy into this clap-trap. Enjoy:
Changing Tides: Research Center Under Fire for ‘Adjusted’ Sea-Level Data
By Maxim Lott
Published June 17, 2011
NASA
In a NASA “what-if” animation, light-blue areas in southern Florida and Louisiana [...]
Posted by Jerry Pomeroy as Best Of the Web, Ethics, Global Warming at 1:03 PM UTC
Meredith Whitney: State finances are worse than estimated
By Shawn Tully, senior editor-at-large June 6, 2011: 1:44 PM ET
The outspoken municipal bond bear follows up with more evidence that the fiscal troubles in many states are far greater than we’ve been told.
FORTUNE — Meredith Whitney is issuing a fresh warning to mutual funds, banks, [...]
Posted by Jerry Pomeroy as Best Of the Web, Budgets, Taxation at 2:07 PM UTC
Now more than two years and four months into the Obama presidency, economic news continues to disappoint. Will Americans keep buying our President’s main argument — it’s all the fault of President Bush? When will we wake up to the fact that record deficit spending, exploding debt, stifling regulations and an ongoing anti-business attitude in [...]
Posted by Jerry Pomeroy as Best Of the Web, Economics, Government Blunders, Obama Presidency at 3:03 PM UTC