Category: econocaste

economics .. the short version, since the long is wasted on the young

Texas Job Engine Back-fires

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Layoffs acomin, there be dancin tonight.

Taxes kill jobs. Even though they may build roads, restart banks, investment firms and sustain non-resident farmers in their Country Clubs across America, well they also K I L L J O B S. Don’t they?

In texas, taxes are low. The common claim is that they are zero. Can’t get much lower, yet apparently most companies aren’t rational, since most corporations are not headquartered in Big T, no T.

Of course Gov Perry won’t be bragging about the loss of jobs in Irving. Not of much significance that Amazon has WARN noticed its intent to close its Texas facility April 13, 2011 because of a dispute over, hell, can this be correct “TAXES?” 119 employees (aka: tax payer; rarely known as citizen) are being fired and Amazon’s fulfillment center is closing. You see, Texas does tax. They just don’t call most of them taxes. This is one of the zits on the Texas Bull.

So why is Amazon leaving Texas? They are being asked to collect sales tax on mail order items since they have a processing facility in Texas. Sales tax is a tax, but not on capital. Sales tax is a small tax on the consumer, not the producer. It isn’t a tax on money. That is why it falls into the consertaive-govertment-takes-my-money so I-need-a-gun mind mold. Amazon is leaving because this tax is on their customer, and frankly, Amazon can do the job of fulfillment better from a different state.

Let Em Smoke Till They Cough Blood

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There are many approaches to take to that first toke.

Jamie Dimon, one of the guys saved by the bailout, rescue, whatever. Jamie Dimon, one of the key players in the US induced Capital Collapse, blames Fannie & Freddie, not his own JP Morgan for the Wall Street bonfire. He calls them “the biggest disasters of all time.” Even bigger, I suppose, than 9/11, or Katrina. Anyhow, he now has his bonus, his bailout, and his skapegoat.

This is an example of why the only solution to smoking, or perhaps Money Addiction, is to let them smoke cigars until they cough blood. The bailout wasn’t only too finely focused, it came too soon. Perhaps we should have looked elsewhere and not followed the Bush direction. We should have clear cut Wall Street. Perhaps allowed a pit fight, in which the Cowards Of Capital would fight for not just their last breath, but for every breath. Make em fight till they bleed. We rescued the wrong people.

Next time lets do better, let these pit bosses die.