Framing the Dialogue

Posts Tagged ‘mick jagger’

Rock N Taxes

taxmanThe news this week featured a squabble between singer Taylor Swift and Apple over Apple’s plan to allow users to listen to Swift’s music without paying her.  Swift took Apple to task and they blinked.  Not only is she adored by millions of fans, but many other also no respect her for her business sense.

Rockers it seems are very protective of their hard-earned money.  A recent article in our local paper by economics professor Ralph R. Reiland highlighted this issue.  Reiland recounted the many efforts by old school rockers to protest high taxes and uproot themselves and move to other countries to avoid oppressive tax burdens.  Here are a few quotes to entice you to read the entire article which is linked above in blue.

News Briefs Volume VI

News briefs are a collection of interesting news stories…

Brief 1:  Obamagovernment dictates an increase in fuel economy of 10 mpg by 2016 (to 35.5 mpg).  Estimate are that this will only cost you another $1000 for your next car, but it will save you over $3000 over the life of the car.  If you use government accounting (i.e. Congressional Budget Office rules) they probably assume that the car will last you 25 years.  In order to achieve that mileage they will probably have to be plastic so they probably won’t rust.  The only real issue will be when some 90-something-year-old T-bones you at an intersection killing you and all of your passengers.  Plastic cars kill.  The way it works is that an auto manufacturer’s has to produce cars that average the new standards.  So all companies have to produce is a super high mileage car to balance the lower mileage cars that American consumers want to buy.