Having the same name as a presidential wannabe, I’m sure this won’t be the last of these that I am tempted to post.

Taxing the Big Apple

I’m not the only one who thinks NYC Mayor Michael Bloomberg is a huge hypocrite by having run as an anti-tax capitalist and then pushing for huge tax increases when in office. As I’ve said before, hiking property taxes by as much as Bloomberg wants will have a seriously negative effect on real estate values.

His other nickname, Nurse Bloomberg, for trying to ban all smoking inside his city, proves that he is the classic definition of a RINO (Republican In Name Only). He seems more suited to being a politician on the Left Coast, where the rulers try to micro-manage every detail of everyone’s life

KMK

Continuing Debate

As the GOP takes over the Congress, there will be a lot of discussion over making the current tax cuts permanent. The foes of this will trot out their standard arguments that a tax cut hurts the economy and creates budget deficits. This static analysis of tax law changes, which I have discussed on several occasions, is just a theory and has in fact been debunked by the real life experience after the Reagan tax cuts of the 1980s. That proved that a dynamic look at the ripple effects of tax cuts is the only realistic way to analyze this kind of thing. We will be seeing an endless number of articles such as this, discussing this very point.

In a similar vein, this article has Alan Greenspan acknowledging that the current deficit would be much larger if there hadn’t been a tax cut. This is in total contrast with the liberals’ idiotic claim that the tax cuts caused the deficit.

KMK

A Law Abiding IRS Commissioner?

As this commentary discusses, it would be a novel approach to have an IRS Commissioner who was more concerned with the taxpayers’ rights than in just squeezing more money out of everyone. We also shouldn’t overlook the fact that the retiring commissioner, Charles O. Rossotti, assisted the Clinton Gang in using the awesome powers of the IRS to attack their critics.

KMK

Canine Tax Returns

Poor IRS

So, who do you picture hosting the telethon for IRS to give them all of the money their fans think they deserve? How about Willie Nelson?

KMK

GOP Revises Agenda Of Extensive Tax Cuts

Leaders Pursue More Modest Proposals

as the wimp-out begins

KMK

Lott says he wants to make Bush’s tax cuts permanent

Let’s hope he doesn’t wimp out, as he usually does in any confrontation with the Dems.

KMK

Two Californias

During the entire 38 years I lived in the PRC, I was among those who thought we should have divided the state into two separate ones. We Northern Californians had nothing in common with those who lived down South in LA-LA land. Whenever we had droughts up North and were not allowed to wash our cars or water our lawns, we were treated to photos of the Southern Californians doing just those things with the water that they stole from our Delta area and diverted down to themselves.

While the natural division of the two Californias always seemed to be by bisecting it cross-wise in the middle, this map and analysis of the voting last week for governor shows that a more politically feasible division would be to section off the liberal coastal counties from the more conservative inland ones. It’s very similar to the blue and red state map of the USA after the 2000 Bush vs Gore election. For some reason, liberals have a tendency to congregate more on the coasts, while the more conservative members of our society seem to be satisfied living in fly-over country.

KMK