First Blog

Innovation Meets Taxation With many cities and states needing more taxes to pay for unfunded liabilities and other pressing obligations, they are innovating new taxes to raise more money.   Some possibilities The Exit Tax.   For those choosing to leave the state because of high taxes, many states will propose an exit tax of 20% of their wealth.   Called final expenses , it will not be called   a tax   per se, but a service fee.* Virtual Wealth Tax.   For those with credit cards not charged to the limit, they have a virtual wealth obtainable by spending to that limit.   Some states are proposing a 23% tax on the difference between the credit card limit and the balance.   The neat thing about this tax is that it will be automatically charged to the credit card.   The Homeless Tax.   Now nearly in operation in Seattle, this flat tax of $275/employee will be charged to businesses to help with the expenses of housing, feeding, and medical care for the homeless.   Naturally, this

Tent Cities?  I think not.   On the TV, they are called Tent Cities. These are massive compounds supplied with basic necessities of living, commons kitchens, bedding, lavatories, showers, and the like. But they resemble in so many ways nothing less than refugee camps - a far more pejorative term. The original twin spirits of hope and helping from the early days will dissolve. Camps will be ruled by depression and despair for many. Then the bad stuff will begin.  Imagine that, refugee camps in the USA! Definition . From Wikipedia we read: Refugee camps are generally set up in an impromptu fashion and designed to meet basic human needs for only a short time. Some refugee camps are dirty and unhygienic. Often they are describe as shelters for those displaced by war, political, or religion. But they also exist for pestilence, and in a wide sense a natural weather disaster could be so considered. With hundreds of thousands without power and tens of thousands with destroyed homes, thes