Economics

Why Politicians Love Deals like the Amazon Deals | Mises Wire

Posted on by johnbarleycorn12

Amazon isn’t the first big corporation to manipulate policymakers by shopping around the idea of relocating its headquarter to the “right” city. The “right” city, of course, is the one that provides the company with enough tax breaks and other political favors so as to make the move worth it.
— Read on mises.org/wire/why-politicians-love-deals-amazon-deals

Crony capitalism at its worst

Feds Collect Record Taxes in October; Still Run $100B Deficit

Posted on by johnbarleycorn12

House Speaker Paul Ryan, Sept. 6, 2018. (Getty Images/Mark Wilson)
— Read on www.cnsnews.com/news/article/terence-p-jeffrey/feds-collect-record-taxes-october-still-run-100b-deficit

This is our most pressing danger to our country, a spending addiction by politicians. If someone ran a business like this, they would be bankrupt. They constantly spend money we don’t have plunging us deeper in debt. All hell will break lose when the day comes when we can’t pay the interest on that debt……and it will come.

Goldman Sachs Is Implicated in History’s Largest Financial Con – But Will It Be Held Accountable? – Rigged Game

Posted on by johnbarleycorn12

Even if it is unproven that top Goldman executives knew what was going on, what does it say about the culture of the bank that individuals like Tim Leissner were employed there? Who is accountable for that culture?
— Read on riggedgame.blog/2018/11/15/goldman-sachs-is-implicated-in-historys-largest-financial-con-but-will-it-be-held-accountable/comment-page-1/

Never has, never will