Monday, July 5, 2010

The Bursting of the Education Bubble Begins

In one of my more brilliant pieces I noted that given how much fluff and prerequisites colleges and universities foist upon their students simply for no other reason than to employ otherwise unemployable TA's and liberal arts professors, that it takes too long to incubate labor.

The costs of which are notably lost production, a demoralized student body and a wasting of billions of dollars on the education industry that is progressively moving away from training youth to become employable, skilled workers to that of a self-interested lobby unto itself that seeks more and more money.

Inevitably this divergence from what colleges produce and what employers need results in employers taking matters into their own hands.

Sunday, July 4, 2010

Why You Have High Property Taxes in Minneapolis

Watching TV last night and on comes a commercial with effeminate music and you see an effeminate guy riding a bike, a Prius, people smiling, more lame music, and of course, everybody is wearing a helmet and at the end you see a bumper sticker on a bike with the following URL.

I tried to find the commercial on Youtube and the website, but could not (because you really have to see it), regardless, I tender this question to the citizens of Minneapolis who have had their property taxes jacked up nearly 400% (and no, that's not a farcical statistic, it's real, I used to live there and saw it on my property tax bill every year);

DO YOU PEOPLE REALLY WONDER WHY YOUR PROPERTY TAXES ARE CONSTANTLY BEING INCREASED?

I ask because I really wonder if the typical liberal in Minneapolis ever links their perpetually increasing property taxes with frivolous programs like the "Walk Ambassador Program" and now commercials like the one I saw last night. A commerical that had NO POINT OR PURPOSE but to make bicycle riding in the Twin Cities look like a passer-by sport for weak, meek, effeminate little girls. A commercial that isn't even advertising a product or a service. Just a blantant wasting away of taxpayers money that really calls into question if there's any spending control occuring at the municipal level.

I being serious when I say this - I want a liberal from Minneapolis to rationlize this for me. Explain to me why this is a good thing? Or why these programs warrant a 5% of market value property tax? Do you not get the relationship between your fleecing level of property taxes (and consequently, lower property values) with R.T. Rybak's spending binge on worthless programs like this? I just sit slack jawed-amazed with the waste and how time after time again you people in Minneapolis just keep on shooting yourselves in the foot financially by doing this.

Regardless, I no longer live there and no longer pay the property taxes so I can sit back and enjoy a cigar and watch you slowly turn into Nuevo Detroit. But when you inevitably wake up one day and ask yourself, "Gee, why aren't property values going up" look at those brand spanking new bike paths you have, along with that Jim Dandy commercial (and your $50,000 drinking fountains) and see if that makes you feel any better.

Many Thanks to the Pay Pal Donors

Your Captain, always looking for new entreprenurial ventures that avoid having a boss, inevitably was going to have to find the ole password to his pay pal account on account that Pay Pal is usually a preferred means of internet payment.

I set one up for the Cappy Cap blog (the link beautified by Natasha to your right) to get whatever donations I might.

Naturally you forget about it and think there's $20 or whatever from your mom donated out of pity, but your Captain was pleasantly surprised to see that many junior, aspiring, deputy, official or otherwise economists actually have made donations! I now have $300 big smackeroos in the account and will enjoy it by buying cigars, drinking, driving a motorcycle, emitting carbon and engaging in other American activities that generally agitate members of the left.

I didn't want to list full names, but many thanks to Bill, Rob, Earl, Rick, Peter and Alex.

Have a happy 4th of July!

Thursday, July 1, 2010

From a Canadian Reader

The Canadian banks were founded by conservative Scotsmen who instilled a culture of fiscal prudence in the Canadian banking industry.

What is interesting is that Canada is lowering corporate tax rates at the same time the U.S. is proposing to raise them. By July 1, 2013 the top corporate tax rate on active business income will be only 25%.

Many small corporations will only pay 15% tax rate on the first $500K of income.

On top of that Canada has introduced legislation that will make it even easier for foreigners to invest in Canada. For example, a foreigner who invests in shares of either a private corporation or a publicly traded corporation will pay no Canadian tax when the foreigner sells the shares unless the corporation derives more than 50% of its value from real property in Canada. Canada is opening its doors to investment at the same time the U.S. is threatening the very existence of a corporation.


To which I respond;

"That is because Canada has Steve Harper, an economist, as their premier and we have a bleeping "community organizer" who doesn't have any real world experience."

Post note - It has been duly noted that Mr. Harper was not in fact an economist, but rather has his degree in economics. My apologies for being misinformed. Would anybody care to trade then?