4.20.2014

Indiana Taxes


Hoosiers pay more taxes, earn less pay. [Greenfield Daily Reporter]
A national study found that Indiana residents have paid an increasing percentage of their income on state and local taxes at the same time their average income was shrinking. 
The study by the conservative Tax Foundation think tank found Indiana taxpayers shelled out 9.5 percent of their incomes in state and local taxes in 2011. That's up from 8.4 percent a decade earlier, The Indianapolis Star reported (http://indy.st/1epOoAL ). 
The study shows Indiana went from being the 43rd-highest-taxed state in 2001 to the 22nd-highest-taxed state in 2011. During that time, per-capita income for the state's residents dropped $1,064, or about 3 percent, to $35.592
We are cutting business taxes though.
Counting only business taxes, the Tax Foundation said Indiana had the eighth-best state business tax climate in 2014, an improvement from 10th in 2013. The foundation noted that the corporate tax, in particular, is being phased down from a high of 8.5 percent in 2012 to a projected 4.9 percent in 2022.

also more [here]

Which should lead to an even more regressive tax system. We may be in the top five (currently in top 10) by the time Pence retires to the Lobbyist farm.

Screen shot 2014-04-19 at 9.32.10 AM

Republicans Mitch Daniels (2005-2013) and Mike Pence (2013 +) should be proud.


4.19.2014

Libertarian Paradise?

Our collective memory tends to forget that this is what can happen when government is owned and operated for the elite business class or when government just gets out of the way so free-markets can operate. Those markets tend to be not so free for some of us.

Ludlow Massacre: A look back at Colorado's deadly coal war:
This Sunday marks the hundredth anniversary of the Ludlow Massacre, the day the strike entered into a desperate endgame and became the deadliest labor struggle in American history. A shootout between strikers and members of the Colorado National Guard claimed nineteen lives — most of them noncombatant women and children — and ended in the tent colony being burned to the ground. The strikers retaliated by attacking several mine operations over the next ten days, resulting in dozens more deaths and plunging southern Colorado into chaos.
and
The mine owners weren’t interested in negotiating. Their attitude toward their employees was summed up by CF&I executive Lamont Montgomery Bowers, in a letter explaining why he didn’t feel bad about cutting mill workers’ wages. Two-thirds of them weren’t even Americans, he noted, and there were thousands more begging to take the place of any malcontents, “these foreigners who do not intend to make America their home, and who live like rats in order to save money.”

'via Blog this'

4.18.2014

What Eight Million Means

Ok, I'll give you this...... 
"Millions of people who lived extremely anxious lives now have far more security than before."
Obamacare puts more people in the system, which is good for those left out by the free-market crap of the past but,... its still a crappy system. We're still donating huge amounts of money to a parasitic insurance industry without any real cost controls on a filthy rich healthcare industry.

A national healthcare system shouldn't focus on insuring people. It should be about giving people healthcare.

'via Blog this'

Busted for Fun

This is what a limited federal-government, Libertarian paradise will bring. Armed strong-men (and women) dominating their localities because they can.

[Fake Peoria mayor Twitter account prompts real raid of West Bluff house]

found here:  [Gin and Tacos - NPF: THE SINGULARITY (OF CRAP)]


4.17.2014

Chamber of Commerce

"And for the record, the average American has more to fear from the US Chamber of Commerce than he does from Al
Qaeda. "

A great line, found in the comments here:

http://www.ginandtacos.com/2014/04/17/memory-hole/#

Oligarchy

America the Voiceless: Voters can't compete with big campaign cash | Al Jazeera America:
“What we found instead was that ordinary Americans have virtually no influence over government policy and that mass-based interest groups as a whole do not reliably side with the wishes of the average citizen.”
'via Blog this'

4.15.2014

Radical Israelis attack Christian Village

Here's something for all those evangelicals with the "We support Israel" signs.

On Eve of Pope's visit to Israel, Radical Israeli Settlers attack Christian Village | Informed Comment:
"Just weeks before Pope Francis’ first official visit to the Holy Land, a number of Christian holy sites in Israel and Palestine have been targeted in ‘price tag’ attacks by the radical Israeli settler movement. "

'via Blog this'

4.09.2014

The Rich

The Rich will eventually own it all........

The short guide to Capital in the 21st Century - Vox:
"In the United States, for example, 5 percent of households own a majority of the wealth while the bottom 40 percent have negative wealth due to debts."
They are buying up housing...[Mish's Global Economic Analysis]
 Mortgage Loan Originations Lowest on Record
But houses are selling because
residential real estate sales have remained strong due at least in part to investor activity and the fact that cash sales account for almost half of all transactions.

A chart for historic reference from [Dr Housing Bubble]

GS housing cash


It's not poor people buying houses with cash.


'via Blog this'

4.08.2014