Tag: scam

Categories
initiative, referendum, and recall tax policy

Preparation HH Hornswoggle

Colorado, tax

Tonight, I’ll be anxious for election returns from Colorado on Proposition HH, a measure Democrats in the legislature placed on the ballot to both lower taxes and raise revenue. 

Huh?

Americans for Tax Reform President Grover Norquist wrote recently in The Denver Gazette, that the proposition “would result in the largest tax hike in Colorado history.”

Yet, the ballot title begins: “SHALL THE STATE REDUCE PROPERTY TAXES FOR HOMES AND BUSINESSES, INCLUDING EXPANDING PROPERTY TAX RELIEF FOR SENIORS … ?”

“Democrats have advertised Prop. HH primarily as a property tax cut that will save homeowners hundreds of dollars per year,” explains Colorado Public Radio’s Andrew Kenney, “which is true.”

But Kenney goes on to plainly present the rest of the story, that HH would also “raise the state spending limits created by TABOR, allowing the government to eventually keep hundreds of millions, and then billions, of dollars more tax money each year instead of refunding it.”

TABOR stands for the Taxpayer Bill of Rights, which voters passed by citizen initiative back in 1992. Under TABOR, government spending growth is limited, with excess revenue returned to taxpayers. Prop HH is designed to offer immediately small property tax relief attached to letting the legislature grab much bigger money from not providing refunds in the future.

Norquist correctly dubs it “a bait-​and-​switch tax hike scheme.”

It’s the usual stock-​in-​trade of the political class. The difference in Colorado, however, under the Taxpayer Bill of Rights, is that politicians are required to ask voters for permission … to hornswoggle them in this way. 

Politicians have been asking for higher taxes again and again for years. (Not to mention going to court in a failed attempt to overturn TABOR.)

But voters have the final say. Today.

This is Common Sense. I’m Paul Jacob.

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Categories
Accountability local leaders moral hazard national politics & policies term limits

Renewed Interest in Self-Service

Michigan, term limits, scam, reform

“Michigan’s strictest-​in-​the-​nation term limits law will force nearly 70 percent of state senators out of office in 2019 and more than 20 percent of representatives,” reports the Detroit News, “a mass turnover that is fueling renewed interest in reform.”

What?!! Could term limitation laws actually make our poor underpaid and overworked politicians vacate their powerful perches … even when they don’t want to? 

Heaven forbid!

Who could have foreseen this strange turn of events, whereby limits on the number of terms politicians can stay in office would mandate that politicians, having reached that limit, would be summarily cast out?*

Of course, that “renewed interest in reform” comes not from citizens, but politicians.

Oh, and powerful lobbyists and special interests. 

The paper continues: “Term limits remain popular with the voting public, but critics say Michigan rules have thrust inexperienced legislators into complex policy issues they may be ill-​equipped to address.”

Rich Studley, the Michigan Chamber of Commerce’s head-​honcho, argues that “experience really matters.” His lobbying outfit, “an influential business group with significant financial resources,” is working to organize a ballot measure to weaken the limits it has long opposed.

“Any reform plan is unlikely to extend or repeal term limits,” explains the News, “but may instead allow legislators to serve longer in the House or Senate.”

Come again? If legislators could serve “longer” than currently allowed, that would clearly “extend” the limits.

I smell a scam swirling around Lansing. 

This is Common Sense. I’m Paul Jacob.

 

* The “mass turnover” consists of 26 of 38 senators termed-​out and 24 of 110 in the House. Yet, there were 25 senators and 34 representatives termed-​out in 2010, and the state survived.

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Categories
property rights

Poison Ivy League

Columbia University officials may care about advancing human knowledge, and about nurturing young people. Their moral sensibilities may be highly refined when it comes to academic pursuits. But such virtues apparently do not prevent these guardians of learning from acting like thugs when thuggery seems convenient.

Columbia wants to expand into an area of Harlem called Manhattanville and is willing to abuse the state’s eminent domain power to do so. Who cares about morality and rights, or the foiled lives and livelihoods of innocent people, when there’s property to be nabbed, right?

It’s quite a scam, actually. Columbia has acquired many buildings in the neighborhood, but is not maintaining them. Because of Columbia’s own run-​down buildings, the state has formally declared the neighborhood to be “blighted.” If the entire area is now condemned, full ownership can be transferred to Columbia. Which will clean things up immediately.

Meanwhile, Nick Sprayregen, the owner of several well-​kept buildings in Manhattanville, is having trouble renting out units of his self-​storage business because of the specter of Columbia’s eminent-​domain grab. Plus, the firm that New York State used to determine whether the land is blighted had also been employed by Columbia itself — to advocate government approval of its expansion and possible use of eminent domain.

In short, we have only a perverse pretense of due process here. Columbia flunks Ethics 101 but gets an A in con artistry.

This is Common Sense. I’m Paul Jacob.

Categories
free trade & free markets national politics & policies porkbarrel politics too much government

Nifty Doesn’t Cut It

Just because something can be done doesn’t make it economical to do. There is a big difference between physics and economics.

Take ethanol. It might seem nifty to grow the fuel for our cars and trucks like we do our food, in fields. But niftiness alone is not enough. Nifty notions, like un-nifty ones, must prove out in terms of all the costs involved.

A growing amount of research shows that ethanol doesn’t cut costs at all.

The most recent ethanol debunker I’ve come across is Robert Bryce, author of a forthcoming book with a provocative title, Gusher of Lies: The Dangerous Delusions of “Energy Independence.” Interviewed on ReasonOnline by Brian Doherty, Bryce offers some fascinating perspectives on energy economics and policies.

  • Did you know that for every gallon of ethanol, there’s at least 51 cents of subsidy?
  • Had you heard that corn-​based ethanol produces more greenhouse gases than does our use of fossil fuels?
  • Have you stopped to think about all the water that raising more corn would require, and the increasing expense of getting gargantuan more amounts to farms in the midwest?

These and other considerations lead Robert Bryce to call current ethanol policy a “scam”and “the longest running robbery of taxpayers in American history.”

Some forms of bio-​product may be more economically feasible than ethanol, like the biodiesel made from the unused parts of slaughtered animals. But we should wait to see how they cost out, too, without subsidy.

This is Common Sense. I’m Paul Jacob.