Bag ban

By Thomas Macauley on

News is getting out about the loss to business due to the bag ban. Both theft and honest mistakes create loss. Folks carrying bags between stores will have to use bags to hold un-purchased items… This was predicted. “Shoplifting Increased” -‘Have not yet heard measurement of increased illness due to use of unclean re-usable bags. …

Retroactive Entrepeneur Tax

By Thomas Macauley on

From Jeff Bliss via John Batchelor: Entrepreneurs and investors in California can expect to receive a rude shock in the mail if they sold their company in the last four years. Not only did the state’s Franchise Tax Board (FTB) eliminate a tax break on capital gains for small business owners and investors, it announced …

Sequestered

By Thomas Macauley on

http://shadow.foreignpolicy.com/posts/2013/02/05/panetta_finally_begins_to_face_up_to_his_pentagon_budget_disaster ‘Heard about this in WSJ a while back. The Executive Branch decided to require that government contractors violate law before the last elections by not providing furlough notices to employees affected by a likely “sequester”. DoD planners were prohibited from planning until last week as well…

Bush budget

By Thomas Macauley on

‘Surprized to find out that the Feds are operating on what could be called the Bush Budget, still. No budget from the Pres or through the Senate since 2008 plus Continuing Resolutions to maintain operations means we have not seen an Obama Budget yet. Many tax rates are changed after 2012 so I expect to …

WSJ 20130119 Health Law Pinches Colleges http://online.wsj.com/article/SB10001424127887323635504578213502177768898.html

29 hours

By Thomas Macauley on

Welcome to the 29 hour work week. Sample of current news In a Dec. 6 letter, the North Canton school told him that “in order to avoid penalties under the Affordable Care Act…employees with part-time or adjunct status will not be assigned more than an average of 29 hours per week.”

Food parity

By Thomas Macauley on

Interesting that the New Year almost brought an end to the current regime of dairy price controls… and allowed default to New Deal and earlier ‘parity’ price supports. Milk prices would have had to be propped by Federal funds to relative/parity values of commodities from the 1910’s. This could have been something like: if gold …

Impossible chart

By Thomas Macauley on

Page 1 today has an unintelligible chart. A bar chart “Effect of major tax provisions on federal revenue as a percentage of GDP in first year after change” The chart makes it impossible to reveal a tax increase reducing revenues and visa versae.