September 16, 2015 at 12:23 pm
As the world and America debates what to do about the Syrian refugees and the conflict in Syria, Apple was introducing its latest series of new products. What does one have to do with the other? As I've pointed out here earlier, the biological father of Apple co-founder Steve Jobs was none other than one Abdulfattah Jandali, a Syrian professor of political science who came to America and gave Jobs up for adoption.
I understand the concern that some Syrian refugees might be terrorists. But some of those Syrian migrants might also be the father of the next Steve Jobs.
September 16, 2015 at 12:10 pm
If Bernie Sanders follows through with his plan to amend the Constitution to reverse the Supreme Court's Citizens United decision, he may wind up gagging his own supporters. My column this week is about constitutionally protected corporate political speech that sides with Sanders against free trade, for gay marriage, and for a $15 an hour minimum wage. Please check out the column at the New York Sun (here), Reason (here), and Newsmax (here).
September 16, 2015 at 11:48 am
From the New York Times obituary of Fred DeLuca, a co-founder of the Subway sandwich chain: "He had a home in Orange, Conn., but after Connecticut adopted a state income tax in 1991, he moved his official residence to Fort Lauderdale, Fla."
Rich people turn out to be mobile, and when states like Connecticut act as if taxpayers will just stand there and be soaked, the taxpayers have a way of proving the states wrong.
September 11, 2015 at 8:55 am
Maryland's most popular "Affordable Care Act" health insurance plans will see premiums increase by an average of 26 percent next year, and Florida's will rise 9.5 percent, a post here the other day reported. Now the Springfield, Mass., Republican newspaper (which, despite its name, is a nonpartisan news operation), reports that in Massachusetts, "individuals buying insurance through the Connector who earn more than 300 percent of the poverty level ($72,750 for a family of four), will see their premiums rise by an average of 7.8 percent for most plans." Less comprehensive "Bronze" plans will have a smaller premium increase, but their already significant deductibles will increase by $1,000.
The newspaper reports that the price increase "reflects the increased cost of prescription drugs, higher usage of expensive health care, and additional taxes that are part of the federal Affordable Care Act."
September 9, 2015 at 3:23 pm
Two quick thoughts from here:
The 28% top individual rate Jeb Bush is proposing is significant in the context of his family. It was the top Reagan rate before President George H.W. Bush broke his "read my lips" pledge. And it's lower than the 35% top rate achieved under George W. Bush. The way I see it, Jeb is tacitly acknowledging his father's error, while also endeavoring to outdo his brother George W. as a tax-cutter. It's a clear and encouraging signal that he means business as a tax cutter.
September 9, 2015 at 10:03 am
The Manhattan Institute's City Journal, amid a piece about 1199 SEIU headlined "The Union That Rules New York," offers this passage:
September 9, 2015 at 9:52 am
Re the news that the CEO of United Airlines resigned amid a federal investigation of whether the airline "agreed to reinstate money-losing flights to the airport nearest the weekend home of the [Port Authority of New York and New Jersey]'s chairman, David Samson, in return for improvements the airline wanted at Newark Liberty International Airport, where it is the biggest carrier":
What a reminder that small government is more honest government! If the airport wasn't government controlled, there'd be no opportunity for government officials to provide favors in exchange for favors. Better than vigorous law enforcement policing corruption after the fact is a small government approach that minimizes the chances for corruption to happen in the first place.
September 8, 2015 at 1:38 pm
Think tax reform fixed the "marriage penalty"? Think again, especially when it comes to the phase-out of means-tested welfare benefits or tax credits. The research group R Street has a well done and fascinating new paper detailing the problem:
September 8, 2015 at 1:20 pm
Figuring out what's attracting people to Donald Trump is the topic of my column this week. I come up with an explanation other than anti-immigrant racism or support for higher taxes and more government control of health care. Please check the column out at the New York Sun (here) and Newsmax (here).
September 8, 2015 at 12:53 pm
Teacherspayteachers.com, a for-profit online marketplace where teachers pay other teachers for lesson plans, homework, and handouts for use with classes, is the subject of a fascinating dispatch in Sunday's New York Times:
September 7, 2015 at 11:06 pm
An increase in health insurance premiums for plans sold on Maryland's ObamaCare exchange is the subject of a Washington Post dispatch that does a fine job of illustrating some of the problems of the Patient Protection and Affordable Care Act. The Post reports:
September 6, 2015 at 9:43 pm
Thomas Sowell has an interview with the Wall Street Journal's Kyle Peterson in connection with the release of Mr. Sowell's latest book, Wealth, Poverty and Politics: An International Perspective:
September 4, 2015 at 11:13 am
Bloomberg View, majority owned by Michael Bloomberg, has an editorial that essentially takes Jeb Bush's position on changing immigration law to de-emphasize family reunification and instead prioritize skills:
September 4, 2015 at 10:48 am
A guest post by David Phillips, a professor of law at Northeastern University:
Most institutions face an agency risk, that is, the risk that top leadership will exercise its power in its own interest rather than the interest of the owners or membership. To take perhaps the most common example, corporate officers, whose compensation might in large part depend upon current earnings, might accelerate certain transactions to elevate earnings in a particular quarter at the expense of the long term prospects of the corporation. How does this analysis apply to the NFL commissioner, Roger Goodell, in the case of New England Patriots quarterback Tom Brady?
September 4, 2015 at 10:43 am
Conversions of small New York co-op apartment buildings into condos are the topic of a New York Times news article by my former New York Sun colleague Julie Satow. Deep in the lengthy story is a discussion of the taxes involved:
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