Taking too many liberties: Taxes Without Borders World Health Organization mulling global cigarette tax

Taking too many liberties: Taxes Without Borders World Health Organization mulling global cigarette tax

I certainly do hope that all non-smokers wake up this time with this as it will open the door to many other ugly taxes especially when the cigarette tax sources cease. If the World Health Organization succeeds then we will have the UN, IMF and other global agencies all wanting their own tax upon the world these [...]

Stockton to file for bankruptcy, will be largest U.S. city to fail… Halts debt payments, slashes pay, cuts pensions

STOCKTON — This Gold Rush-era port city, an epicenter of California’s agricultural exports, will become the nation’s largest city to seek protection under the U.S. bankruptcy code after its City Council on Tuesday stopped bond payments, slashed employee health and retirement benefits and adopted a day-to-day survival budget.

City Manager Bob Deis likened the process to cutting off an arm to save the body. He is expected to file bankruptcy papers [...]

A $200 illegal drug transaction can cost society $100,000 in prison costs

And this is why the war on drugs is great for corporations who run prisons:

 

Amelioration of today’s drug problem requires Americans to understand the significance of the 80-20 ratio. Twenty percent of American drinkers consume 80 percent of the alcohol sold here. The same 80-20 split obtains among users of illicit drugs.

About 3 million people — less than 1 percent of America’s population — consume 80 percent of illegal hard [...]

OBAMACARE TO SUPREMES: 5 1/2 HOURS: High Court to Rule on Obama’s mandate… 26 States Want Entire Law Struck Down…

By James Vicini

WASHINGTON | Mon Nov 14, 2011 5:14pm EST

(Reuters) – The Supreme Court agreed on Monday to decide the fate of President Barack Obama’s healthcare law, with an election-year ruling due by July on the U.S. healthcare system’s biggest overhaul in nearly 50 years.

A Supreme Court spokeswoman said oral arguments would take place in March. There will be a total of 5-1/2 hours of argument. The court would be expected to rule [...]

PAPER: America must manage its decline

From FT:

Recently I met a retired British diplomat who claimed with some pride that he was the man who had invented the phrase, “the management of decline”, to describe the central task of British foreign policy after 1945. “I got criticised,” he said, “but I think it was an accurate description of our task and I think we did it pretty well.”

No modern American diplomat – let alone politician – [...]

News Release – Federal Income Tax CollectionsForetell More Bad News for States

A decline in personal income tax revenues collected by the federal government through the end of April 2010 suggests that state governments may suffer significant declines in such tax collections compared to 2009, a period which itself was down dramatically from the year before, according to Rockefeller Institute fiscal experts.

The weeks just after the April 15 filing deadline for income-tax returns is the most important tax-collection period of the year [...]