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Austinite who always votes for raising taxes can’t afford to live there anymore

Posted by: ST on June 4, 2014 at 6:42 pm » 7 Comments

How much do you want to bet this person is a liberal Democrat? On a recent evening, more than 300 homeowners who are worried about their rising property tax bills filled First Unitarian Universalist Church in North Austin for a town hall meeting. If something doesn’t change, many said, they will soon be priced out […]

 

Seattle approves $15 minimum wage, higher unemployment

Posted by: Phineas on June 3, 2014 at 2:01 pm » 1 Comment

**Posted by Phineas I wrote about this last week, when it was still just a proposal, noting how some businesses were already slowing hiring and moving out of the city, and how even progressives were coming to have second thoughts. Well, they did it: Seattle’s city council on Monday unanimously approved an increase in the […]

 

California Senate passes $13 minimum wage, jobs flee in terror

Posted by: Phineas on June 1, 2014 at 1:01 pm » 8 Comments

**Posted by Phineas Perhaps they didn’t want to be left behind by their progressive friends in Seattle, but the California State Senate last Wednesday passed a bill that would raise the minimum wage to $13 per hour by 2017. From the legislative analyst’s summary: SB 935, as amended, Leno. Minimum wage: annual adjustment. Existing law […]

 

Seattle: $15 minimum wage already costing jobs

Posted by: Phineas on May 28, 2014 at 5:20 pm » 4 Comments

**Posted by Phineas And it’s not even in effect, yet. But, it’s not surprising. Business managers have to plan for the future, and a looming huge increase in their labor cost will force many to rethink how they do business in Seattle, if they continue to do business there at all. Writing for the free-market […]

 

The IRS wants to tax your frequent flyer miles and hotel points

Posted by: Phineas on May 27, 2014 at 2:15 pm » 2 Comments

**Posted by Phineas It’s as if the agency was worried it wasn’t hated enough. Writing at Reason, Ira Stoll reports that the Internal Revenue Service is looking at taxing rewards points offered by airlines and hotel chains: Just in time for your summer vacation, the IRS is getting ready to toughen the tax treatment on […]

 

The racist origins of the minimum wage

Posted by: Phineas on May 20, 2014 at 5:55 pm » 3 Comments

**Posted by Phineas I came across an interesting blog post from a few weeks ago while trolling the news this morning for something interesting. Now, we all know about the racist history of the Democratic Party: the defense of slavery, even inciting a civil war to preserve it; the creation of terrorist organizations, such as […]

 

Obama to high-dollar donors: Americans are “better off” since I was elected

Posted by: ST on May 20, 2014 at 11:28 am » 5 Comments

Oh really? President Obama said Americans were “better off now than when I came into office,” during a fundraiser Monday night outside of Washington. Obama also slammed congressional Republicans for their focus on the terror attack in Benghazi and the implementation of ObamaCare. The president told attendees at the high-dollar soiree in Potomac, Maryland that […]

 

Part time and temporary jobs are rising in the age of #Obamanomics

Posted by: ST on May 20, 2014 at 9:32 am » 1 Comment

What a surprise. Via the AP: WASHINGTON (AP) — While the U.S. economy has improved since the Great Recession ended five years ago, part-time and “contract” workers are filling many of the new jobs. Contract workers made up less than half of one percent of all U.S. employment in the 1980s but now account for […]

 

Obama’s economic recovery: the chart tells the story

Posted by: Phineas on May 4, 2014 at 3:59 pm » 5 Comments

**Posted by Phineas Power Line presents three charts that show what a failure Obama’s statist economic policies have been. Here’s the one that really struck me: (Click here for the full-sized version.) This chart from the US Senate Budget Committee compares the trend in the labor force participation rate, roughly the percentage of the working age […]

 

Reuters in shill mode for #Obamacare, declares it “saved” the US economy

Posted by: ST on May 1, 2014 at 12:54 pm » 2 Comments

You really can’t make this stuff up – oh  yeah, you can. If you’re Reuters (via Memeorandum): WASHINGTON, April 30 (Reuters) – As the U.S. economy teetered on the brink of contraction in the first quarter, one thing stood out. Healthcare spending increased at its fastest pace in more than three decades. That surge is attributed […]