The Angry Bear takes leave of his normal home to take a walk on The American Street and deliver this piece on comparative fiscal responsibility and the revenue impacts of bush’s tax cut.
The results do not look good for the current administration especially when joined with Kash’s piece previewing the budget for the next 5 years.
Countering views anyone?
Jim Henley takes up the cause of a neighborhood comic store owner who is getting screwed by the IRS
The familiar regulatory coupling of arrogance and ignorance has forced her to take attention from her proper concerns – her business and her life – and focus them on trying to straighten out interlopers as clueless as they are powerful.
Stories like this make me wonder once again why we have not risen up and smashed the IRS and its ilk. Yes, I am angry about this at the moment.
There is an update on this story at Tegan’s place. This sounds really broken and I am still angry.
Oh, and if any of you know anything about a federal inventory tax would you, if possible, point to references. I couldn’t find anything at irs.gov and don’t believe that there is such a thing at the federal level.
Update (12/12): Jim Henley, Hit&Run, and a number of other folks in the comic community (linked by Dirk Deppy) have more. Dirk wants action and has a sample letter to send to your congress critters.
The comment thread at Hit & Run has some info on the tax law but I have yet to see a clear discussion of the specific law and why and how it applies here. And, yes, I’m still angry. Let’s get rid of the IRS.
I expect to see a lot more headphones on folks while they are at their computers (or just a wireless signal away) and not just to listen to the latest music downloads.
Check out this article about Skype, the latest hot peer-to-peer application that will be making a lot of encumbent telephone companies (both land and cellular) nervous and will have government officials at all levels wondering why their utility tax revenue stream is shrinking.
This has the potential to be a classic case of creative destruction and I, for one, think it is a good thing!
Via Assymetrical Information.
Ok, I admit to stealing the title from this Craig Cheslog post which discusses the burden we are placing on our children and likely their children by allowing unnecessary deficits and spending large sums on misplaced policy agendas.
I wonder too about taxing our children today. You all know the principle of no taxation without representation. Why then do we allow federal, state and local governments to tax people who have not yet reached voting age?