August 27, 2014 6 Comments
Levelling with Muslims
The view from the Prairie, with an emphasis on Energy
October 9, 2013 2 Comments
From Ace and Blackfive, and the Daley Gator, and others:
Our veterans have had about enough, if you can get to Washington Sunday 13 OCT, do so and support them
Gonna be a busy day in the District of Corruption
May 15, 2013 12 Comments
So we are all shocked that the IRS targeted conservative/Tea Party groups to slow down their tax exempt status, huh? Why on earth would you be surprised? FDR did it, Kennedy did it, Johnson and Nixon did it, probably the rest did as well. The only difference is that they perhaps were a bit more discreet.
You cannot have a tax system that runs 70, 000 + pages without playing favorites. That’s why you have a tax code of 70,000+ pages. First Congress sells special breaks and then the executive sells special breaks for whatever reason.
Oh, you thought the IRS was this objective group in an ivory tower that read objective books and never showed favoritism? Good luck with that. OK, I will say that they have been very obvious the last few years, like nobody could challenge them any more. Seems to be a lot of hubris going around in the Obama administration, I don’t really understand why, but there is. I guess they think they are going to be able to rewrite history.
Note that it could not really be anything other than corrupt by the way, if you’re trying to enforce that mass of regulations you, are going to default to the solutions you know, even if there are other options. It’s not really corruption, a lot of times, in my mind, as much as it’s laziness, and we are all subject to that.
But you know, Congress could solve this tomorrow, if they had the will. It’s called the flat tax. And in its simplest implementation, you replace all 70,000+ pages with one that says. “All income earned in any manner by any natural person in the United States, and it’s possessions shall be taxed at the rate of 10%”.
That’s it. Make a buck-send them a dime; make a million dollars- send them $100,000. And you know what? You’d have very few compliance problems because everybody can understand it, and therefore there are no excuses.
You did catch the rest, right, no deductions for anything, none, nada, zilch. Nothing is exempt, and nothing except natural persons pay taxes. And therein is the downside, and why it’s so hard to get Washington to listen. How many people, inside the beltway, make their living directly or indirectly off the income tax code? I’d bet on more than half a million, many of them lawyers, and many of them politically connected. They’d have to find honest work. But it’s the only fair system, particularly since absolutely everyone in the country has skin in the game, not at a rate that hurts them but enough to notice.
And to make sure they do, repeal withholding, and the employer contribution, make them write the check, then they’ll notice what the government boondoggles are costing them.
And as a by-product-I’ll guarantee that the economic activity will pick up as fewer people are worrying about the tax code, and more are trying to make a living.
And just to make you rest easy, you realize that Obamacare is approximately the same size as the tax code now (and still growing), and will be administered by those same fine folks at the IRS.
November 13, 2012 4 Comments
I’ve nothing to add to this, you already know who Marita Moon is so read and
Part of the hope the Romney campaign offered was a comprehension of the role energy plays in the American economy—especially energy that is abundant, affordable, and available. He made “energy” the number one point of his five-point plan. During his now-unsuccessful bid for the White House, he met with industry leaders from a variety of sectors to determine what would unleash job growth and economic development. Those meetings, and America’s current predicament, brought about a transformation in his thinking and resulted in specific agendas designed to roll back the Obama Administration’s onerous regulations—specifically those imposed by Lisa Jackson’s Environmental Protection Agency (EPA).
Many of the EPA regulations, such as the Mercury and Air Toxic Standards for Power Plants and Boiler MACT (Maximum Achievable Control Technology) Rule, are particularly destructive to the coal industry. Understanding the deathknell the Obama Administrations’ regulations were issuing to the coal industry and, more particularly, the miners and their families in Appalachia, the region rallied around Romney.
On Friday, November 9, a coal industry newsletter stated: “In President Barack Obama’s second term, U.S. coal producers are bracing for tighter regulation of everything from emissions from coal-burning plants, to coal ash, to respirable coal dust in mines, to Appalachian surface mining activities. … One example is the U.S. EPA’s Mercury and Air Toxics Standards, one of the most costly rules in EPA history.”
In her book Regulating to Disaster, economist Diana Furchtgott-Roth describes the regulations this way:
“The Mercury and Air Toxic Standards for Power Plants rule will make electricity generation far more complex and expensive, especially in the eastern half of the United States. It will require the closure of many coal- and oil-fired power plants, and placement of emissions control equipment on others.”
“Maximum Achievable Control Technology means that plants and boilers have to use the most stringent methods possible to get heavy metals out of the air, even if these methods cost billions and the benefits are worth far less—as the case with the new utility rule. That is why many plants will have to close.”
Furchtgott-Roth explains that the new regulations mean “higher electricity prices for these parts of the country, which are already suffering from declining manufacturing.” Interestingly, she points out that the “battleground states of Illinois, Ohio, Indiana, Florida and Michigan” will be hit particularly hard by the increased electricity rates brought about by the regulations—regulations that a Romney presidency would have likely overturned.