Lives in a Shoe

You Should Resign, Mr. Stumpf

One of the worst things about this is that it makes Elizabeth Warren look sensible.  Even a stopped clock...

“Here’s what really gets me about this. If one of your tellers took a handful of twenties out of the cash drawer, they could end up in prison,” she continued. “You squeezed your employees to the breaking point so you could cheat customers and drive up the value of your stock. And when it all blew up, you kept your job, your multi-million dollar bonuses, and went on TV and blamed thousands of $12-an-hour employees trying to meet cross-sell quotas. You should resign. You should be criminally investigated by the Department of Justice and Securities and Exchange Commission.”

 

 

 

 

 

Keep An Eye On It

Circle April 24 on your calendar. 
Six years ago, Tax Freedom Day fell on April 12, five days before tax day. In 2016, Tax Freedom Day isn’t unti April 24; an astonishing 12 days later than in 2011, thanks to tax hikes including Obamacare.

 

 Some young people I know have no idea what Tax Freedom Day is.  For them, this quick explanation:  That is the day when you have earned enough, if all you earned until then is given to the government, for the remaining earnings of the year to be considered yours.  Keep an eye on government bloat and overreach because it matters.

From Another Vantage

 

Another One Bites the Dust..

Not what we learned in school:

Roosevelt's policies prolonged depression by seven years...

"President Roosevelt believed that excessive competition was responsible for the Depression by reducing prices and wages, and by extension reducing employment and demand for goods and services," said Cole, also a UCLA professor of economics. "So he came up with a recovery package that would be unimaginable today, allowing businesses in every industry to collude without the threat of antitrust prosecution and workers to demand salaries about 25 percent above where they ought to have been, given market forces. The economy was poised for a beautiful recovery, but that recovery was stalled by these misguided policies."

From My Cold Dead Hands?

The Ban On Cash Is Coming, Soon

Negative interest, unintended consequences...