by meep
Yes, I’m bringing back Taxing Tuesday! (four weeks into 2023, but I’m bringing it back)
It may not be every week, but I saw a story, and I knew I had to bring it back.
by meep
This is part of my 2023 public finance focus project.
I just paid for a subscription to Liz Farmer’s Long Story Short substack last week.
(Mea culpa — I should have done it earlier!)
She had posted 5 things I’ve learned after a...
by meep
From Wirepoints: Reality check: New actuarial report says Illinois’ biggest pension, TRS, sunk $6 billion further into the hole in FY 2022 – Wirepoints Quickpoint
The first actuarial report is out for an Illinois pension for fiscal year 2022, which ended on June 30. It’s for the TRS,...
by meep
Back in March 2021, the Moneypalooza Monstrosity, as I call it, or the American Rescue Plan of 2021 as others call it, passed.
One of the bailout provisions of the ARP was a multiemployer pension bailout, with a total price tag of $86 billion quoted at the time....
by meep
Before I start — this is the first time I have ever seen anything like this, and I’ve been writing about iffy public pension practice for years.
This goes above and beyond.
The reason is coming up right now is Chester, Pennsylvania is bankrupt:
by meep
Well, I did not see that coming.
I mean, yes, I saw lawsuits over Biden’s student loan forgiveness (what’s a few hundred billion dollars between friends?), but I did not see that the basis for the lawsuit would be the tax liability that would be generated by that forgiveness…. though I...
by meep
In honor of the latest bill to pass through Congress, and especially to “celebrate” the upcoming expansion of the IRS labor force, I am going to walk through some of my favorite stupid taxes and revenue “enhancing” ideas from STUMP’s past.
by meep
Yes, I am having a slight bit of fun at Scott Alexander’s expense.
This is in response to his post: Slightly Against Underpopulation Worries, in which he pushes back against various people’s concerns re: global population trajectories in which we are likely to peak within the next century globally, and...
by meep
The governor of Indiana posted this on Facebook yesterday:
Today I signed a proclamation calling a special session for the General Assembly to take action to return more than $1 billion of state reserves to Hoosier taxpayers.
This is the fastest, fairest and most efficient way to return taxpayers’ hard-earned...
by meep
There was a special election on Tuesday, June 7, in which less than 4% of Providence, Rhode Island voters showed up.
Of that 4%, 70% agreed to the issuance of $515 million in pension obligation bonds. This would be a new liability, on top of the liabilities they already have....
meepbobeep
Additional: As an Amazon Associate I earn from qualifying purchases. If I remember to link them.