Tag Archives: Taxes

More on Boosting

Earlier I mentioned that I found it funny that somehow having the government take money from some people and give it to other people is seen as a good thing.

Step away for a second about where the money comes from, from whom it comes and other such details, I am interested in the science that states, in essence,

“Money in the hands of someone unemployed is spent better than that same money in the hands of someone NOT unemployed.”

Can you answer that question?

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A Funny Version of “Boosting”

In this morning’s News and Observer, Opinion writer Alexandra Forter Sirota from the N.C. Budget & Tax Center had this to say:

Late last week the U.S. Senate failed to move a bill that would extend essential fiscal relief to states, as well as fund temporary unemployment insurance provisions passed under the American Recovery and Reinvestment Act.

As a result, the Employment Security Commission estimates that 20,000 North Carolinians will lose unemployment benefits that they would spend quickly and close to home, boosting the local economy and helping local businesses avoid layoffs.

In addition, North Carolina won’t receive more than $340 million in federal assistance, forcing even deeper spending cuts than we’ve already endured in the face of an unprecedented drop in revenues brought on by the recession.

Basically what she’s saying is that it’s good economic policy to continue to remove money from the hands of people with jobs and continue to shovel into the hands of people who’ve been out of work for more than 99 weeks.  Now, I’m not saying that these aren’t good folks.  That they don’t deserve the money or wouldn’t appreciate the help.  All I’m saying is that Ms. Forter Sirota thinks it continues to make sense to shift money from “A” to “B”.

Further, she mentions in the 3rd paragraph, that she feels it’s wise to continue to tax people in States other than North Carolina to help the state of North Carolina pay our bills.  I, for one, resent having my tax money sent to California for them to continue to spend foolishly.  I imagine that somewhere, someone feels the same about their money and our State.

If we don’t have the money, then we need to cut our spending.

Period.

When, Ms. Forter Sirota, will enough spending be enough for you?

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When Irrational Incentives Work

It makes the Leftists mad.

I’m convinced that we all want the same thing in this world.  We want people to work hard, take care of themselves and when they can’t, we wanna make sure we do what we can to help ’em.  Serious.  Who doesn’t want that?

The difference is in the process.

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Lottery: To Play it is to Lose it

I relentlessly chastise friends and family for playing the lottery.  It’s designed for its players to lose.  Even the way the game is design to create an environment for its players to lose.

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Health Care Benefit

One of the “gets” for Obama and the Democrats during the Health Care debate and vote is the ability for parents to keep their children on their insurance plans until those turn 27.  A 26-year-old adult child can be carried on his parent’s insurance plan.

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Dirty Rotten No Good Unions

And I don’t like ’em very much either.

Greece and California aren’t the only governments in a world of hurt because of the power of Unions.  New York is getting hammered too.

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The Downside to Being Right All the Time

One of the downsides to being right all the time is that the burden to continue to be right is hard to bear.  With a batting average at 1.000, it can be difficult to handle the pressure each day.  And to make it especially hard is having to support positions that strike pretty close to my heart.

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Where Brad and Britt Are Wrong: Version II

This morning I was driving to work and had the radio tuned to WZTKBrad and Britt are the morning talent.  The discussion during the segment I caught was “Cash for Appliance Clunkers”.  Apparently I missed the lead up ’cause Brad was all worked up over the fact that folks were callin’ him out for taking advantage of the program.  I kinda resonate with that fact, I mean serious, if you have a 20-year-old freezer and you claim to be concerned about the environment, why is it you will only replace your nasty old hardware when I pay for it?

Anyway, the conversation turned to the other “Cash for…” program, the infamous “Cash for Clunkers”.

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Doc, It Hurts When I Do This

You know the old saw…A patient goes to see a doctor and complains that “it hurts when I do this”.  To which the doctor replies somewhat simply, “Then stop doing that”!

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Good Work If Ya Can Get It

Wanna know why California is going down the toilet?  And perhaps, why the rest of us are soon to follow?  Because unlike the real world, California rewards organizations that fail.

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