Imagine that Congress wants to address some social or economic problem by prohibiting certain undesirable acts. One approach Congress can take is to specifically describe the undesirable behavior and prohibit it. This approach sometimes works well – it is the basis of traditional criminal law – but it has two great disadvantages. First, in many […]
It appears upper management is running away with most of the compensation. Adding to this is the lowered taxes resulting from the 2017 Tax Cuts and Jobs Act which was passed using Reconciliation. The TCJA is due to reverse in 2025. I am sure President Biden will reverse it for the upper 20% at least. […]
Yeah, it is another legal/court commentary. This one is about borrowers using Payday lenders. The ruling is expected to take effect in 2025. In the meantime, borrowers might want to explore non collateral loans as a more flexible and potentially less costly option compared to payday lenders. I am sure borrowers having to use Payday […]
There are many comments about the increasing costs of automobile insurance. In Michigan, once the no fault insurance was dropped and catastrophic injury insurance was cut, the care of long-term care was edecimated. Many people with serious lifetime injuries were left to fend on their own after reduced payments to caregivers. Past payments to medical […]
When I was in high school and college in the 1970s, marijuana was (a) illegal and (b) plentiful. I may or may not have inhaled, but people I knew were certainly growing, drying, selling and buying dope at the time. From a public health standpoint, marijuana is more benign than alcohol and tobacco. I’m happy […]
Nice Evening Read. I am not a big believer in tariffs. However, as it is today and from the seventies, domestic companies have relocated to countries to escape avoid associated Labor and Domestic costs prevalent in the United States. Cost such as healthcare, OT, work conditions, Workman’s Comp, SS, etc. and there are issues such […]
I was a graduate student in a STEM program when Reagan was elected and the Laffer curve was used to justify tax cuts. The problem that immediately stood out to me at the time was that neither the ordinate nor the abscissa in the Laffer graph had scales, so it was impossible to assess where, […]
Steve Hutkins again addressing the implementation of the DeJoy system in Georgia. Supervisory competency came up in a message to the PRC. There has always been a give and take between management and labor. In this instance, managements probably have the same labor experience as what present labor has. If that is not the issue, […]
I was going to finish this up two days ago. Except I got sick and was sweating for two nights in a row. And slept most of the first day and some of today. I had been fighting this for a about 5 days and then it came om stronger. Today, I feel I am […]
Each year in retirement, we take a certain amount of funds from our retirement accounts and it can become income and taxable. This is a bit different than when we were paying regular income taxes on our yearly income minus investments. Social Security can be taxed after certain income level percentages. I was curious about […]