Monday, March 16th, 2009
AIG to pay out millions more in bonuses to the very executives who ran the company into the ground. This, immediately after accepting another $170 billion in federal bailout money. Question for my lefty friends: A few months ago on this site, we had a discussion about the morality of people who utilize offshore tax shelters. And Joe Biden said during the campaign that it was “unpatriotic” to avoid paying your taxes. At what point in this bailout madness does doing what you can to avoid federal taxes become acceptable? In other words, what percentage of the federal budget has to go toward bailout-out failed companies and their corrupt executives before taxpayers are justified in getting fed up, and refusing to fund the circus anymore?
And while I’m picking on the left, here’s yet another example of how increased federal regulation helps big business by screwing medium- and smaller-sized competitors. Be it the CPSIA, FDA regulation or tobacco, or now this livestock origin bill, there’s a reason why the affected industries’ biggest players supported the new regulation.
Tim Lee on why newspapers failed. Hint: It had nothing to do with copyright.
Feds submit 20,000 cell phone location requests per year, and don’t need a warrant to do it.
Woman arrested, jailed overnight, lectured by Florida judge for videotaping police officers as they arrested her son in the parking lot of a movie theater (he was arrested for trying to sneak in to a movie with a buddy after buying only one ticket).