Re: vice tax
Posted: Sat Feb 13, 2010 12:22 am
I think if you use the right search words you'll find an old post that suggested that both marijuana and prostitution need to be made legal. It was in reference to ways that California could address its financial issues.
Lately I've posted about the problems (massive expenses) that occur when folks are free to spend other people's money. Well there's a whole other class of problems that occur when we refuse to let people and institutions fail. The FDA is one manifestation. What you put in your body should be your own business.
Another government agency that is in the business of trying (without success) to prevent failure is the FDIC. If folks knew that their money was really at risk and there was no backstop, they would deposit their money in banks that invested it very safely. And there would be no need for the FDIC in the first place. The FDIC should be abandoned. When all is said and done the FDIC is gonna cost us about a trillion dollars.
I find it amusing that, with the recent DC snowfall, “non-essential” federal employees have had the whole week off. Which is to say about 90% of them stayed home. What does that tell you?
Lately I've posted about the problems (massive expenses) that occur when folks are free to spend other people's money. Well there's a whole other class of problems that occur when we refuse to let people and institutions fail. The FDA is one manifestation. What you put in your body should be your own business.
Another government agency that is in the business of trying (without success) to prevent failure is the FDIC. If folks knew that their money was really at risk and there was no backstop, they would deposit their money in banks that invested it very safely. And there would be no need for the FDIC in the first place. The FDIC should be abandoned. When all is said and done the FDIC is gonna cost us about a trillion dollars.
I find it amusing that, with the recent DC snowfall, “non-essential” federal employees have had the whole week off. Which is to say about 90% of them stayed home. What does that tell you?