If Mr. Biden takes office with a Republican-controlled Senate, the most damage he can do will come via the regulatory channel. Regulatory overreach has a big impact on economic growth. Obama proved that. But the biggest threat to your personal wealth is from the legislative side. A Democrat-controlled house, Senate, and White House would give […]
Chelsea, MA Gives $300/Month You’ll Eventually Pay For
The Sunday Boston Globe explains that the town of Chelsea, MA, will begin testing a program giving about $300 a month in supplemental income to families of need. A local billionaire is providing a chunk of the money (through her foundation thanks to the family’s online furniture business). Is it guilt money? And what happens […]
If You Flee Don’t Die Here
Your Survival Guy is here to report this Columbus Day Monday, that the streets of Newport were buzzing this weekend with newly arrived transplants from places like New York City. They tote their Chanel bags and have puffy lips adorned with bright red lipstick, looking like fish out of water. If you were looking to […]
Kamala Harris’ Zombie Death Tax
In 2017 the death tax was just about killed off. Tax reformers raised the unfair tax’s exemption to $11.4 million, a number allowing all but the wealthiest Americans to avoid it entirely. Now, Sen. Kamala Harris wants to bring the tax back from the dead to fund her dream of raising wages for all public […]
The Wealthy Escaped the City: Politicians Beg them to Come Back and Pay Taxes
You might not believe how lopsided New York City’s tax system is, but here you can read it in the words of the governor of New York State, “A single per cent of New York’s population pays half of the state’s taxes and they’re the most mobile people on the globe.” Gov. Andrew Cuomo is begging […]
Anyone With Success is Fleeing Blue State Cities
“I’m outta here.” Those were the words Joe Rogan told his guest Joe De Sena recently. “Here” meant California, where Rogan has lived since 2003. Where is Rogan moving? Texas. Rogan’s criteria for choosing his destination: Center of the country Easier to travel to both coasts A little more freedom An uncrowded area Implied in […]
Gov. Newsom wants West Virginia Coal Miners to Bail Out LA’s $365,000 Lifeguards
California’s Governor Gavin Newsom wants America’s taxpayers, from the coal miners of West Virginia, to the furloughed auto-workers of Detroit to pay to bail out his state’s public sector employees. Hundreds of thousands of California’s public sector employees make six-figure salaries, more than the miners and auto-workers could ever hope to achieve. Forbes reports: Despite […]
It’s Possible Californians Have Had Enough of Taxes and Debt
For over a century, if you were looking for a better America, California was where you headed. From the Gold Rush days of 1849, to the post-World War II boom of California’s suburban crowd, the state’s beauty, resources, climate, and wildness attracted droves of Americans. Now though, Americans are fleeing California. The reason for their […]
Jeff Bezos Paid more for his New House than Amazon has Paid in 2019 Taxes
Jeff Bezos’ palatial new home in Beverly Hills reportedly cost him $165 million. Meanwhile, Bezos’ company Amazon has reported paying only $162 million so far in taxes for 2019. Andrew Keshner reports at MarketWatch: Amazon CEO Jeff Bezos is reportedly paying $165 million for a palatial Beverly Hills mansion, and, according to SEC filings, with […]
Sunbelt States Finding Solutions for a Swarm of Tax Refugees
The biggest problems in low tax southern states are ones high tax states wish they had, too much growth. Low tax states have become so desirable for movers and retirees that they are now looking for places to put all the people seeking an escape from the city where they can live small, cheap and […]
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