From The PERColator:
As PERC’s Rick Stroup often says, “Efficiency has no constituency,” and that’s certainly true of environmental policy. The federal government is replete with inefficiencies resulting from overlapping, redundant, and wasteful spending programs.
Over the last three years, the Government Accountability Office has outlined 131 areas of wasteful and duplicate spending by the federal government. The GAO released its latest report last month, identifying an additional 31 areas to improve [...]
During fiscal year 2012, $359,796,008,919.49 that had been forcibly extracted from American taxpayers was transferred into other hands. Most of it ended up in the pockets of the global elite. So what did the American people get in return for that 359 billion dollars? Nothing at all. No roads were built, no schools were constructed, no teachers were paid and none of it went to national defense. It was [...]
Jobless Americans are paying millions in unnecessary fees to collect unemployment benefits because of state policies encouraging them to get the money through bank-issued payment cards, according to a new report from a consumer group.
People are using the fee-heavy cards instead of getting their payments deposited directly to their bank accounts. That’s because states issue bank cards automatically, require complicated paperwork or phone calls to set up direct deposit and [...]
You are not going to believe how much money is being spent on our former presidents. At a time when U.S. government spending is wildly out of control, a total of 3.6 million dollars is being used to support the lavish lifestyles of former presidents such as George W. Bush and Bill Clinton in 2012. For 2013, the plan is to increase that amount to 3.7 million dollars. But [...]
The Postal Service said it is abandoning for now its plan to close thousands of post offices in rural locations and instead will shorten their hours of operation.
The cash-strapped agency faced significant backlash from Congress and communities last summer when it began considering more than 3,600 post offices for closure this year.
Now the plan is to cut the opening hours of 13,000 post offices with little traffic to between two [...]
RENO, Nev. — Apple, the world’s most profitable technology company, doesn’t design iPhones here. It doesn’t run AppleCare customer service from this city. And it doesn’t manufacture MacBooks or iPads anywhere nearby.
Yet, with a handful of employees in a small office here in Reno, Apple has done something central to its corporate strategy: it has avoided millions of dollars in taxes in California and 20 other states.
Apple’s headquarters are in [...]
It’s a term describing how “someone else” pays for the damage that comes from consuming energy, be it the tons of radioactive water released in Japan, to the groundwater poisoned by leaking gasoline tanks at petrol stations, to the vast damage caused in the gulf, to the cancer and other health ailments that come from being downwind of a refinery, to the cost of the America’s military operations in the [...]
by Simon Black of Sovereign Man
Health Care Costs Got You Down? Try Internationalizing
If you’ve followed this letter for any length of time, you know that I hardly spend any time in the United States. Sure I visit friends and family from time to time, but professionally I’m much more interested in what’s happening outside of North America.
You might be surprised to know that, despite [...]
By Farid A. Khavari
The United States is ruled by a plutocracy of the rich and superrich—the elite capitalists. Many things, both good and bad, can be attributed to elite capitalists. For instance, they create jobs (a good thing), yet they exploit the economy (a bad thing). We can either fight them or implement economic and political policies that make good use of their resources, talents, and power to set a [...]
Miami, FL March 22 — Noted Miami economist and author Dr. Farid Khavari
announced that he has filed as a candidate for Miami-Dade County mayor in
the upcoming election. His plan to revitalize the county’s economy
includes eliminating property taxes while creating 150,000 private sector
jobs. “We need more than an ethical and honest mayor. We need a competent
mayor, with a real plan to fix Miami-Dade’s growing economic woes,” stated
The tax revenue would be [...]