JBD

Everybody having nice quiet days off after the hullabaloo of Christmas? That describes the mood in the McMahon household.

Here's some links to get you caught up with what I've found interesting:

A billion dollars less per day spent on gas. As I mentioned in an earlier post, one of the benefits of the economic contraction is the draw-down of energy costs. So does that mean it is...

...Time to raise gas taxes? Only if you swap if for a payroll tax cut. Dr. K 'splains it all. This is OK only because the belief that Social Security deductions go into a retirement savings account is fiction. They don't; FICA taxes go into the general fund, and Congress writes an IOU back to the Social Security Administration to be paid out of future taxes. So this proposed swap is truly revenue neutral, and as minimally invasive as a tax can get. I would vote to take this approach for all taxes, and abolish the income tax and capital gains taxes completely.

Repeal the Wagner Act. Union wage rates certainly are too high, but the real productivity killer is the work rules that allow line workers to rob their employers and accuse them of bad management at the same time. Chutzpah instituted by the law - don't convict me for killing my parents, I'm an orphan.

Posted by: JBD at 04:44 PM | No Comments | Add Comment
Post contains 228 words, total size 2 kb.