April 26, 2016 at 11:28 pm
Usually politicians wait until after they get elected to break their campaign promises against raising taxes, but Hillary Clinton is exceptional.
Mrs. Clinton has been going around promising not to raise middle class taxes. On Friday, April 22, in Scranton, Pa., she said, according to a transcript provided by her campaign, "I am the only candidate running in either party who has pledged I will not raise middle class taxes because the middle class needs a raise, not a tax increase." On April 18, in Staten Island, she said, "I'm the only candidate who has said this: I will not raise taxes on the middle class at all, period." (I wrote a column last year about Mrs. Clinton's tax pledge, if you are interested in learning more.)
April 26, 2016 at 10:59 pm
Hillary Clinton's rediscovery of the Jeb Bush "right to rise" language and of Marco Rubio's love for "welders" is the topic of my column this week. Please check it out at the New York Sun (here), Reason (here), and Newsmax (here).
April 25, 2016 at 12:39 am
Matt Levine has some interesting thoughts on Senator Elizabeth Warren's letter to the Securities and Exchange Commission about money manager Steven Cohen:
April 25, 2016 at 12:31 am
From a New York Post report on plans by the New York Times to lay off hundreds of staffers:
The nice thing about being a multinational corporation such as the New York Times is that one can consolidate one's operations where the regulatory regime is friendliest to the ownership's interests. When companies move around to gain tax advantages, the Times editorially describes it as "looting" and calls for laws to prevent companies from exiting freely. But when the advantages involve labor law and the Times' own profits are at stake, somehow it's a different issue.
April 24, 2016 at 10:38 pm
Solano County, Calif. officials shut down a brewery, forcing the layoff of 9 employees, the CBS local news there reports. Says the brewer: "We're in the grind of the bureaucracy, which is a lawyer-driven enterprise." The county faults the business' power cords and shipping containers.
April 19, 2016 at 9:14 am
Bernie Sanders is attacking Hillary Clinton for the fact that Alice Walton is supporting Mrs. Clinton's campaign. But if you aren't a socialist, that news may be encouraging rather than terrifying. The situation is the topic of my column this week; please check it out at the New York Sun (here), Reason (here), and Newsmax (here).
In response to the column, a community member sent this note:
April 18, 2016 at 9:30 pm
The news that a New York man has been arrested and charged with bribery and conspiracy to commit bribery in connection with obtaining handgun permits from the New York Police Department is yet another reminder that unreasonably strict regulation is an invitation to corruption. If it didn't take months of waiting, hundreds of dollars in fees, and an extensive application to exercise one's Second Amendment right to bear arms in New York City, there'd be no need to bribe anyone. The more complex the regulation, the more likely it is that the market will find a way to circumvent it through illegality. That doesn't excuse lawbreaking, but it is an argument — not the only argument, but one argument — for keeping regulations simple and minimal.
April 18, 2016 at 9:21 am
"Uber for MBAs is a worrying sign for knowledge workers," is the headline the Boston Globe hangs over an article about Hourly Nerd, a young and growing Boston-based company that is a platform on which businesses and consultants can connect. It's a classic newspaper frame to make the headline about anxiety — "worrying" — rather than about the opportunity. It's only "worrying" for those who value the status quo more than the flexibility and independence offered by this new entrant, which may even expand the market by making high-quality consulting available to small and medium-sized business rather than just large corporations.
April 17, 2016 at 11:59 pm
The dean of Harvard Medical School, Jeffrey Flier, has an interesting piece in the Boston Globe about drug prices. He writes:
April 15, 2016 at 9:25 am
Joe Rosenberg has a gem of a short piece in the Wall Street Journal speaking out against Bernie Sanders and making some important points, among them: "We elders, immigrants and native-born alike, have failed to teach our children and grandchildren about the economic history and false promises of the myriad forms of socialism that infest our world."
He writes: "My Wall Street is the real Wall Street—not the imaginary one that Bernie Sanders demonizes daily. My Wall Street is a place filled with opportunities to succeed, even for an immigrant like me without any connections or relatives in the business."
It's great to see a capitalist publicly defend capitalism.
April 14, 2016 at 11:59 am
Barbara Anderson, who may have been the most consequential woman in the history of Massachusetts, is the topic of my column this week. Please check the column out at the New Boston Post (here), the New York Sun (here), Reason (here), and Newsmax (here). It's a pretty inspiring tale.
April 8, 2016 at 4:54 pm
Toward the end of a front-page New York Times news article about Republican donors "learning to love" presidential candidate Ted Cruz, this passage appears:
April 6, 2016 at 4:04 pm
Not even the U.S. Government's own Internal Revenue Service is accepting the proposition that Federal Reserve notes are legal tender for the payment of all debts. If you want to pay your federal tax bill in cash, you can't pay more than $1,000 a day, and the government charges taxpayers an extra $3.99 for each cash payment. The IRS recently issued a reminder on this front. At a gas station, sometimes you get a discount for paying with cash. Leave it to the IRS to find a way to charge extra to taxpayers for doing something that earns a discount in the private sector.
April 5, 2016 at 1:12 pm
Somehow I missed this last month, but it's worth passing along even a couple of weeks late. From Bloomberg News:
April 5, 2016 at 12:08 pm
(And public sector unions finally find a Republican they like, and Republicans finally find some government employees they want more of). The New York Times has a pretty amusing editorial about the decision by the union representing 16,500 federal border patrol agents to endorse presidential candidate Donald Trump.
Not to belittle the issues involved, just to notice some of the ironies.
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