The genius behind PayPal , Peter Thiel , speaks with Glenn Beck on the foolish monetary policy bankrupting America and the likelihood of a Clinton presidency being a one term affair .
The genius behind PayPal , Peter Thiel , speaks with Glenn Beck on the foolish monetary policy bankrupting America and the likelihood of a Clinton presidency being a one term affair .
” The Northeast, once the nation’s political engine that produced presidents, House speakers and Senate giants including the late Edward M. Kennedy, is losing clout in Washington as citizens flee the high-tax region, according to experts worried about the trend.
The Census Bureau reports that population growth has shifted to the South and the result is that the 11 states that make up the Northeast are being bled dry of representation in Washington.
Critics blame rising taxes in states such as Massachusetts and Connecticut for limiting population growth in the Northeast to just 15 percent from 1983 to 2013, while the rest of the nation grew more than 41 percent.
The biggest impact comes in the loss of congressional representation.
Deep in a recent report, for example, the American Legislative Exchange Council tabulated how the drop in population relative to the rest of the nation cut the region’s power in Washington. While the states from Pennsylvania to Maine had 141 House members in 1950, they are down to 85 today, a drop of some 40 percent.
California and Texas combined have more House representatives..
“ This result is one of the most dramatic demographic shifts in American history. This migration is shifting the power center of America right before our very eyes. The movement isn’t random or even about weather or resources. Economic freedom is the magnet and states ignore this force at their own peril,” said the report. “
The list at the link is just a small collection of ridiculously regulated trades that various state governments have instituted in the name of “protecting” the public , but which are really the result of lobbying efforts by private industry to protect/restrict their businesses , one example of which we highlight below . This is the power of government , picking winners and losers . Crony capitalism at work .
8. Makeup Artists
” Teaching someone how to put on makeup without a government permission slip is illegal in 36 states. Even worse, many of these states demand makeup artists get a cosmetologist or esthetician license, which covers many skills they don’t even use. For example, in Nevada, these entrepreneurs are forced to spend “700 hours in a classroom to learn about subjects that have nothing to do with makeup artistry, like how to cut hair, wax eyebrows and manicure nails.” The state’s restrictions are so strict they triggered a lawsuit.”
Read more about this protectionism in the guise of “public safety” at BuzzFeed
” The world’s leading automotive maker will follow the lead of its competitors and other large businesses, and leave California for better business climates elsewhere. Toyota had its US headquarters in Torrance for more than three decades, but now nearly 5,000 jobs will shift to Texas:
Toyota Motor Corp. plans to move large numbers of jobs from its sales and marketing headquarters in Torrance to suburban Dallas, according to a person familiar with the automaker’s plans. …
The automaker won’t be the first big company Texas has poached from California.
Occidental Petroleum Corp. said in February that it was relocating from Los Angeles to Houston, making it one of around 60 companies that have moved to Texas since July 2012, according to Texas Gov. Rick Perry.”
Hot Air has more on the ongoing California business exodus
” President Barack Obama has promised that 2014 will be a “year of action,” during which Administration officials will do everything possible to avoid Congressional hurdles in furthering the White House’s policy agenda. Signaling that the Administration is poised to make good on Obama’s promise, the Federal government added 56 finalized regulations and 1,516 new pages to the Federal Register last week.”
” The 2014 Federal Register has mushroomed to 9,079 pages in the year’s first two months. If government continued enacting new rules at its current pace, the Register will accumulate 73,218 pages by 2015. According to CEI, that would actually be the lowest number of new pages added to the Register in the past five years.”
Yet according to the article if the seemingly blistering pace of 4500 +/- new pages of regulations per month is maintained through the course of the year , it would constitute the LEAST active year in the past five … Un-F-ing believable .
” Here’s an interesting fact: Scientists hoping to be published in the journal Science are told in advance that they must agree to make available “all data necessary to understand and assess the conclusions of the manuscript.” The stipulation is commonplace in the scientific and academic communities, where research results must be transparent and reproducible to be credible.
That’s supposed to be the way it is for the federal government, too. Here’s how the policy is described by the Administrative Conference of the United States: Federal officials are expected, to the maximum extent possible, to “identify and make publicly available (on the agency website or some other widely available forum) references to the scientific literature, underlying data, models, and research results that it considered. In so doing, the agency should list all information upon which it relied in reaching its conclusions, as well as any information material to the scientific analysis that it considered but upon which it ultimately did not rely.”
Unfortunately, “secret science” is the norm at the Environmental Protection Agency, according to witnesses at Tuesday’s hearing of a subcommittee of the House Science, Space and Technology Committee. As the committee’s chairman, Rep. Lamar Smith of Texas, said, “Transparency and independent verification are basic tenants of science and must inform sound environmental policy. When the EPA does not follow these basic steps, it fails in its obligation to the American people and raises suspicions about whether its regulations can be justified.” “
The notion of transparency in government has amounted to nothing but talk in recent years and nowhere is that more evident than in the regulatory morass that is Obama’s EPA . As the Wall Street Journal notes :
” The federal government has no business justifying regulations with secret information. This principle has been supported by two of the president’s own science and technology advisers, John Holdren and Deborah Swackhamer. “The data on which regulatory decisions and other decisions are based should be made available to the committee and should be made public,” said Dr. Holdren in testimony before the committee last year. Executive-branch rules dating to the Clinton administration require that federally funded research data be made publicly available, especially if it is used for regulatory purposes.”
While the rules are plain enough , even for government workers to understand , transparency is difficult if not impossible to come by in the world of the EPA .
” World economic freedom has reached record levels, according to the 2014 Index of Economic Freedom, released Tuesday by the Heritage Foundation and The Wall Street Journal. But after seven straight years of decline, the U.S. has dropped out of the top 10 most economically free countries.
For 20 years, the index has measured a nation’s commitment to free enterprise on a scale of 0 to 100 by evaluating 10 categories, including fiscal soundness, government size and property rights. These commitments have powerful effects: Countries achieving higher levels of economic freedom consistently and measurably outperform others in economic growth, long-term prosperity and social progress. Botswana, for example, has made gains through low tax rates and political stability.”
New Hampshire has no general sales tax.Income Tax
New Hampshire has no general personal income tax. Dividends and interest are taxed at only 5%.Source: BankrateEminent Domain
New Hampshire state law prohibits the use of eminent domain for private use or private development.Source: USA TodayGun Laws
New Hampshire offers some of the least restrictive gun laws in the nation: no license is required to open carry and a concealed carry license is available on a shall-issue basis.Source: Pro-Gun New HampshireSeat Belt Laws
New Hampshire is the only state that does not have a mandatory seat belt law for adults.
” Libertarian businessman and park privatization advocate Warren Meyer is celebrating the new year by getting the heck out of California, like so many other businesses. He posted the many reasons why it’s so hard to do business in the Golden State, particularly in Ventura County, on his blog. Here’s a sampling of some of the reasons:
- It took years in Ventura County to make even the simplest modifications to the campground we ran. For example, it took 7 separate permits from the County (each requiring a substantial payment) just to remove a wooden deck that the County inspector had condemned. In order to allow us to temporarily park a small concession trailer in the parking lot, we had to (among other steps) take a soil sample of the dirt under the asphalt of the parking lot. It took 3 years to permit a simple 500 gallon fuel tank with CARB and the County equivalent. The entire campground desperately needed a major renovation but the smallest change would have triggered millions of dollars of new facility requirements from the County that we simply could not afford.”
Many Private Harms Caused By The Government Shutdown Are Due To Its Own Insistence On Meddling In Our Lives
” The government is so involved in our lives that even basic commerce—simply hiring people—is threatened by political jockeying. Democratic Sen. Harry Reid attacked Republicans as “anarchists” for bringing about the shutdown. Nothing could be further from anarchy than fishing boats sitting idle, waiting for a government functionary to give sailors permission to work. And yet, the common response is anger about the government shutdown, not anger about having to jump through so many hoops in the first place. Even before the shutdown, it would take months for the Alcohol and Tobacco Tax and Trade Bureau to approve permits for craft breweries.
Of course, should the crab fishers attempt business as usual, they would undoubtedly find that the parts of government that enforce the regulations are still working. The federal employees with the ability to punish are still on the job.
Such is often the case when municipal governments face cutbacks as well. Citizens may discover it can take months to navigate government bureaucracy and workers point the finger at staff cuts. But fail to jump through the hoops, like small businesses in non-functional Detroit have attempted, and the bureaucrats and enforcers will come to shut it down.
Government has cleverly made itself impossible to live without because officials have made it illegal for nearly any commerce to take place without its extensive permission structure. The ultimate consequence of such broad government intervention in all aspects of the economy reinforces the idea that we cannot shut down or cut back government, because the regulatory structures and laws still exist.”
“Huddled masses yearning to breathe free” isn’t the first phrase that comes to mind when describing tourists in 21st century New York City booking stays through Airbnb, the wildly popular website connecting residents wanting to pick up some extra cash with out-of-towners looking for cheap alternatives to a traditional hotel. Although the terms and conditions have changed, the commercial impulse is much the same. Take a twenty-something couple named Lauren and Rob, who asked that I not reveal their last names because of the legal issues surrounding Airbnb. They moved to the Big Apple to make it in showbiz. Struggling to make ends meet, they now cover about half the cost of their $2,250-a-month Manhattan apartment by renting out their living room couch for $65 a night.
But unlike New York of a century ago, when capitalist transactions between consenting adults were generally allowed, the government has been waging war on the short-term rental business. A new front just opened that might ultimately drive many of New York City’s roughly 15,000 resident users to quit Airbnb. Last Friday, New York State Attorney General Eric Schneiderman issued a subpoena demanding that the company hand over a spreadsheet listing all its hosts statewide, their addresses, the dates and durations of their bookings, and the revenue these bookings have generated. News of the subpoena was chilling for many of the people whose names will appear on that list because they’ve been using Airbnb in violation of the law (more on the legality of Airbnb in a moment). Seth, a Manhattan lawyer who started hosting short-term rentals of his Upper East Studio during a period when he was out of work, says he’ll probably quit as soon as his lease is up. “The subpoena is scary,” he says, fearing he’ll have to hire a lawyer and pay a big fine.”
” The broadest evidence of a regulatory rush job on health care comes from the Mercatus Center’s Regulatory Report Card. The Regulatory Report Card evaluates the quality of the regulatory impact analysis federal agencies produce when they propose major regulations. A team of economics professors at universities around the country assesses how well the agency’s analysis identifies a widespread problem that a regulation might solve, considers a variety of alternative solutions, and assesses both the benefits and costs of alternative solutions.
Five major federal regulations established most of the rules for health insurance exchanges, and the highest-scoring regulation among them earns just 48 percent of the possible Report Card points—a solid “F.” The rest are worse.
Consider, for example, the regulation governing how the federal Office of Personnel Management will contract with insurers to create multi-state health plans to be offered on the insurance exchanges. Multi-state health plans could play a key role in promoting competition and portability, since insurers could draw customers from—and offer insurance in—all 50 states. For this reason, one would hope that regulators would conduct the regulatory impact analysis for this regulation with great care and consult it frequently as they wrote the regulation.
Americans are upset about the Affordable Care Act. They should be even more upset about a federal regulatory process that allows agencies to promulgate sweeping regulations in ignorance of key consequences.”
” The Mercatus Policy Guide is intended to summarize and condense the best research available on the most pressing topics. It serves as a starting point for discussion, not a comprehensive overview of economic policy. Anyone who wants to go deeper into these studies should consult the references listed at the back. Mercatus scholars are available to further explain the results of their studies. We hope the guide will prove to be a valuable tool in your evaluation of economic policy.”
” In 2003, to celebrate 35 years of publishing a monthly magazine dedicated to Free Minds and Free Markets, reasonnamed “35 Heroes of Freedom”—innovators, economists, singers, anti-communists, pornographers, professional athletes, and even the occasional politician who contributed to making the world a freer place since 1968.
These weren’t necessarily the 35 best human beings to span the globe. Richard Nixon, for example, was selected for encouraging “cynicism about government” through his rampant abuses of power. And, well, let’s say Dennis Rodman hasn’t aged particularly well. But the list reflected the happy, unpredictable cacophony that has helped liberate the world one novel or deregulation or electric guitar at a time.
Our 45th anniversary has come along at a darker time. The post-9/11 lurch toward unchecked law enforcement power has now become a permanent feature of our bipartisan consensus, with a Democratic president now ordering assassinations of American teenagers and with millions of Americans unaware that the feds are combing through their telecommunications. Keynesians in Washington responded to the financial crisis of 2008 by ushering in a lost decade of government spending, sluggish growth, and the worst employment numbers since Jimmy Carter was president. And after an initially promising Arab Spring, whole swaths of the Middle East seem poised for a long, sectarian, transnational war.
So it’s fitting that this time around we’re anointing reason’s 45 Enemies of Freedom. Again, these aren’t the worst human beings who bestrode the planet since 1968 (though Pol Pot and Osama bin Laden rank right down there). Some, like John McCain, are even genuine American heroes. What unites them is their active effort to control individuals rather than allow them free choice, to wield power recklessly rather than act on the recognition that the stuff inherently corrupts, and to popularize lies in a world that’s desperate for truth.
You’ll see some familiar names there (we can’t quit you, Tricky Dick!) and some others that deserve to be more notorious. But in our otherwise alphabetical list we’ll start with the man who nearly everyone on our staff nominated, a figure who embodies so much that is wrong with public policy and the political conversation in these United States.“
1. Michael Bloomberg
” Think it doesn’t make a difference if you’re in a blue or red state? On the contrary, my friend. Check this out from the Daily Caller:
Thirteen of the top 14 best states for business and economic competitiveness are led by Republican governors, according to the 2013 edition of an annual study by CNBC.”
- South Dakota (R/R)
- Texas (R/R)
- North Dakota (R/R)
- Nebraska (R/-)
- Utah (R/R)
- Virginia (R/R)
- Colorado (D/D)
- Georgia (R/R)
- Wyoming (R/R)
- Idaho (R/R)
” Liberals are trying every tool at their disposal this year to go after guns. They have failed on Capitol Hill to restrict the Second Amendment, so they are moving through the states to enact their agenda. The latest maneuver is to hike the tax on guns and ammunition to dissuade the law-abiding from buying firearms. It’s the perfect storm of liberalism — more revenue for a bigger government and fewer people keeping and bearing arms.
President Obama’s hometown of Chicago started the movement late last year by enacting a $25 tax on new firearm purchases, which went into effect on April 1. Cook County stopped just short of adding a levy on ammunition.
In February, Rep. Linda T. Sanchez, California Democrat, and 26 of the most uber-liberals in the House introduced a bill to amend the Internal Revenue Code to create an excise tax of 10 percent on any concealable gun in order to empower Attorney General Eric H. Holder Jr. to establish a firearms buy-back grant program. Since the Newtown, Conn., school-shootings tragedy, anti-gun states across the nation have introduced similar measures.
A new bill in the House would prevent this infringement on the Second Amendment. Rep. Sam Graves introduced legislation on June 13 that would make it illegal for states and municipalities to raise taxes or fees on firearms and ammunition. The Missouri Republican’s proposal would also prevent raising taxes in order to pay for background checks. “The Constitution says ‘shall not infringe,’ ” Mr. Graves told me in an interview Thursday.
These costly measures disproportionately affect lower-income people, who often live in higher-crime areas. Along with other costly mandates, such as maintaining liability insurance, these restrictions would likely be overturned as unconstitutional by the courts.
“This is no different than a poll tax — but on the Second Amendment,” said Lawrence Keane, general counsel of the National Shooting Sports Foundation. “These anti-gun politicians are clearly trying to unduly burden the exercise of the Second Amendment by pricing firearms and ammunition out of reach of many law-abiding Americans. Mr. Graves’ bill will put a stop to these sinister schemes.”
” The US economy is creating new wealth and growing employment, albeit at a slow pace. But uncertainty is the key word that describes the economic situation at mid-2013.There are major unknowns with respect to Fed policy, taxing and spending, the effects of the Affordable Care Act on employment, the implementation of Dodd-Frank financial reform, regulatory policy affecting the production of electricity, and the prospects for Europe’s recovery from an extended recession. Add to this pallid picture reductions in growth in China,India, and the developing world taking some of the edge off the global boom, which, in spite of that growth haircut, is still tugging away on America’s export growth.
With the closing of the books on the 2012 economy, real GDP growth registered 2.2 percent. But the current picture suggests we will be lucky to break 2.0 percent in 2013 and a bit more in 2014. This compares with the results of the Federal Reserve Bank of Philadelphia’s Livingston Survey in December 2012, which predicted 2.1 percent growth in 2013’s first half and 2.3 percent in the second half of the year. It will be a while before Livingston speak again, but right now, Economy.com’s dynamic GDP growth meter indicates the economy is expanding at 1.8 percent.
As Goldilocks might put it, “It’s not just right.” Not by a long shot. We can see images of the slowdown in the Institute of Supply Management’s indexes for the manufacturing and non-manufacturing (service) economies shown below. Both indexes are headed south of the border. Recall that 50 is the magic number that coincides with zero growth.”
” Now the bad news. Consider the next chart. It shows in nominal terms the level of federal receipts and expenditures for 1Q 1990 through 4Q 2012. Even with progress being made, there is a yawning gap waiting to be closed.
If the gap is to be closed, there is no doubt but that it will take more revenue and less spending. But when it comes to getting revenue, there is a never ending political debate regarding tax-rate fairness and which taxpayer income group, if any, should pay the higher or lower tax rate. (After all, there could be a flat tax.)There is hardly any discussion of revenues, which seems odd, to say the least.
But of course, there is reason to be concerned about fairness. People understandably rebel when they perceive they are being treated unfairly by government. (Consider the current IRS controversy.) But if revenues are the chief concern, then how much revenue is collected may be an equally important consideration when politicians talk about taxes.
Writing in 1924, treasury secretary Andrew W. Mellon said this about the political manipulation of rates:
I have never viewed taxation as a means of rewarding one class of taxpayers or punishing another. If such a point of view ever controls our public policy, the traditions of freedom, justice and equality of opportunity,which are the distinguishing characteristics of our American civilization, will have disappeared and in their place we shall have class legislation with all its attendant evils. The man who seeks to perpetuate prejudice and class hatred is doing America an ill service.
But why pay attention to the thoughts expressed by Andrew Mellon? Does he have credentials that command attention? Yes, indeed. As Secretary of Treasury during the Harding, Coolidge, and Hoover administrations, Mellon led a successful effort to reduce the size and debt of the federal government. In the earlier part of his government service, the nation was adjusting to a post–World War I environment, with lots of debt overhang. Sound familiar? His arguments about the relative merits of lower tax rates to produce higher revenues won the day. And he saw higher revenues when rates were reduced. He literally discovered the basis of what we now celebrate as the Laffer Curve. In all fairness, we should call it the Mellon-Laffer Curve.”
Read the whole thing for it’s glimmers of hope and dread .
” The creation myth of American wealth is almost always rooted in the entrepreneur.
It’s the two kids who start a computer company in their garage or dorm room. Or the former standup comic who creates form-shaping undergarments, or the South African immigrant who creates a new electric car and private space program.
But despite the high-profile examples, America may actually be falling behind the rest of the world when it comes to creating entrepreneurial wealth. A new study from Barclays, “Origins and Legacy: the Changing Order of Wealth Creation,” finds developing countries now lead the U.S. when comes to wealth creation by entrepreneurs.
So is America losing its entrepreneurial mojo? There is some evidence that entrepreneurial activity is flagging. The latest data from the Kauffman Foundation found that there were 514,000 new business owners a month in 2012, down from 543,000 in 2011. The 2012 numbers marked the lowest in five years.”
Another one for the Obama record books … killing the entrepreneurial spirit … all is proceeding as Alinsky planned .
Kathleen Sebelius Won’t Waive Regulation For Girl With Five Weeks To Live: ‘Someone Lives And Someone Dies’
” Health and Human Services Secretary Kathleen Sebelius rebuffed an appeal from Rep. Lou Barletta on behalf of a girl who needs a lung transplant but can’t get one because of a federal regulation that prevents her from qualifying for a transplant.
“Please, suspend the rules until we look at this policy,” Barletta, a Pennsylvania Republican, asked Sebelius during a House hearing Tuesday on behalf of Sarah Murnaghan, a 10-year-old girl who needs a lung transplant. She can’t qualify for an adult lung transplant until the age of 12, according to federal regulations, but Sebelius has the authority to waive that rule on her behalf. The pediatric lungs for which she currently qualifies aren’t available.”
” Late last week, Obamacare regulators added more than 800 pages to an ever-growing document that will govern your healthcare. The bureaucrats’ work product now prints out to 20,000 pages — nearly eight times the length of the infamous original bill:
That tower is already taller than Kobe Bryant (see update), and much of the law hasn’t even gone into effect yet. According to the Government Accountability Office, Obamacare is projected to add $6.2 trillion to the nation’s long-term deficits, despite presidential assurances that it wouldn’t add a “single dime” to our red ink:
Originally posted on From SOVEREIGN to SERF - Roger Sayles (SERFS-UP.NET):
As Barack Obama begins his second term in office, trust in the federal government remains mired near a historic low, while frustration with government remains high. And for the first time, a majority of the public says that the federal government threatens their personal rights and freedoms.
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