Here’s Klein’s argument boiled down to the bones: We didn’t intend to cheat; we’re just so stupid that it had the same effect as cheating.
Imagine that: A government tax collection agency asked a bunch of citizens about their conversations with God. I guess we can chalk this up to the IRS’s complete disregard for Constitutional limitations, but does it strike anyone else as mildly anti-American?
Simply put, Obama lied when he said "you can keep your existing plan", knowing full well the law was purposely written to make sure that would not happen over time. Eventually you will be stuck with a new Obamacare plan and higher premiums whether you like your existing plan or not.
Believe it or not, there are some people in Congress that can’t even wrap their mind around the power of the IRS. (And we wonder why there might be some abuse of power?) John Ransom talked with Bill Tatro about the recent White House scandals, and the coercive power of tax policy.
But the regulatory burden goes way beyond some odd anecdotes. We’re talking about a huge cost to the economy, and it’s been getting worse for the past 12 years.
Doubling wages means fewer workers, higher prices for customers, and less profit for shareholders. Essentially those are the goals of the puppet master behind the McDonald's worker walkout.
The acquisition leaves Yahoo! with another $4 billion cash-on-hand. Yahoo’s earnings were previously expected to grow 20% this year. Expect upward revisions to future earnings estimates.
The familiar saying used to be, “I can afford it, but I don’t want it.” Conversely, now it’s “I want it, but I can’t afford it.”
The quantitative easing that has been going on under the direction of Ben Bernanke and the Federal Reserve seems to have been with us almost half a life time, but it hasn't. It arrived after the beginning of the financial crisis, and was supposed to be a panacea, but it hasn't demonstrated to be the “do-all” solution to our financial problems.
I don’t believe in the Trilateral and Bilderberg conspiracies. But I do believe that our world leadership suffers from a severe case of intellectual, political and corporate inbreeding that’s led them to dangerous defects in their vision for which there is no cure but cultural, financial and social death.
The eurozone proponents ignore the costs of staying in the euro and overly trump up the benefits. The article perpetuates the myth that German taxpayers will suffer the consequences of a breakup, but suffer no costs if the eurozone stays intact.
The Democratic Party, and especially the outgoing Commissioner of the Internal Revenue Service, must be wondering if their confident stride over the past four years didn’t just gallop them right past a forbidden threshold.