Is Finland ending welfare?

Maybe yes.  According to City Journal: This year, the Finnish government hopes to begin granting every adult citizen a monthly allowance of €800 (roughly $900). Whether rich or poor, each citizen will be free to use the money as he or she sees fit. The idea is that people are responsible for their actions. If…

Obamacare’s slow repeal?

While we are waiting for the King v. Burwell verdict, which could repeal large sections of Obamacare, the house of representatives has already approved rolling back some ACA provisions. Modern Healthcare reports: Lawmakers postponed final passage of the proposed Protecting Seniors’ Access to Medicare Act despite a majority voting in favor of the bill. The…

Are you living in a High-Tax State?

Each year, the Tax Foundation ranks states based on their business tax climate. The full report is available here. The 10 best states in this year’s Index are: Wyoming South Dakota Nevada Alaska Florida Washington New Hampshire Montana Texas Utah Why are these the top-ranked states? “Wyoming, Nevada, and South Dakota have no corporate or…

HEALTH REFORM UPHELD

Today the Supreme Court upheld the large majority of Affordable Care Act (a.k.a., Health Reform, ObamaCare, ACA) including the individual mandate. Why was the individual mandate allowed to remain in the law?  According to Justice Ginsburg and others, it is a form of a tax. “Justice Ginsburg makes clear that the vote is 5-4 on…

Do we need less democracy?

In The New Republic, Peter Orzag argues that to fix our budget mess, we need less democracy.  Specifically, he argues that implementing the following four recommendations more consistently would improve the budget situation. Progressive tax code Permanently link taxes to the unemployment rate Backstop rules Independent institutions I have my doubts…

Much Ado about Nothing

The government will shut down…the government won’t shut down…Compromise!  Finally, the Federal government has came to a compromise to reduce our swelling national debt.  Or have they?  The chart below shows that cutting the deficit has a lot about rhetoric and little about substance. Congress did save $78.5 billion in their latest agreement. Since the…

An Oxygen Tax

The UK  explored selling or leasing forest land to private interests, but encounter some public backlash. “The plans were intended to give the private sector, community and charitable groups greater involvement in woodlands by encouraging a “mixed model” of ownership. But critics argued it could threaten public access, biodiversity and result in forests being used…