How Much Profit in that Slice of Pizza?

By Dan Perkins – Re-Blogged From http://www.Constitution.com

Without carried interest perhaps hundreds of thousands of small businesses would never get started. Some people, including President Trump, say that we should tax carried interest as current income because some hedge fund or private equity managers get special tax treatment with carried interest taxed as capital gains. The hedge fund managers are not the only people who benefit from carried interest transactions. Some of you may know what carried interest is, but I think most people do not understand the term. I thought that I should define it in words people like me and you know, and then I will describe an example. By the way, if you want to see real examples of carried interest transactions in action watch “Shark Tank.”

A carried interest is when an investor agrees to help provide money for a business to start it or additional capital to run it under special terms. Generally speaking the small businessman or woman needs capital, and an investor will say, “I will lend you the money at a reduced interest rate, but in exchange for a lower cost of money to you, I want some of the stock in the company and monthly interest income. Then in the future, I want to be able to sell my stock, hopefully at a profit.” This future sale is referred to as an exit. Keep in mind there is no guarantee that the investor will get his money back.

 

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To Protect Climate Money, Obama Stashed It Where It’s Hard to Find

By Christopher Flavelle – Re-Blogged From http://www.Bloomberg.com

  • Obama’s aides spread money across the government, eluding cuts
  • Most recent estimate puts tab at $77 billion from 2008-2013

What to Expect From Trump on Climate Change

President Donald Trump will find the job of reining in spending on climate initiatives made harder by an Obama-era policy of dispersing billions of dollars in programs across dozens of agencies — in part so they couldn’t easily be cut.

There is no single list of those programs or their cost, because President Barack Obama sought to integrate climate programs into everything the federal government did. The goal was to get all agencies to take climate into account, and also make those programs hard to disentangle, according to former members of the administration. In some cases, the idea was to make climate programs hard for Republicans in Congress to even find.

“Much of the effort in the Obama administration was to mainstream climate change,” said Jesse Keenan, who worked on climate issues with the Department of Housing and Urban Development and now teaches at Harvard University. He said all federal agencies were required to incorporate climate-change plans into their operations.

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What if Education Was Left to the Free Market?

By Stephen Hicks – Re-Blogged From Savvy Street

Nothing can come into our minds as knowledge and nothing can become a skill except that we choose to make it so. So the real cost of education is the effort each individual has to put into it.

Higher education can be a path to a successful life. Yet many successful people did not graduate from college and many unsuccessful people have impressive degrees.

So who should go to college? And who should pay for it?

Let’s start by imagining an average student who wants to go to college but has no money and compare that student’s options in socialized and free-market education systems.

In a socialized system, the government pays for it. The student eventually graduates, goes to work, and starts to pay taxes.

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Why You Shouldn’t Live In California

By Michael Snyder – Re-Blogged From Freedom Outpost

It has been said that “as California goes, so goes the nation”.  That is why it is such a shame what is happening to that once great state.  At one time, California seemed to be the epicenter of the American Dream.  Featuring some of the most beautiful natural landscapes in the entire world, the gorgeous weather and booming economy of the state inspired people from all over the world to move to the state.  But now people are moving out of the state by the millions, because life in California has literally become a nightmare for so many people.

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Dakota Access Pipeline’s Financial Impact Could Be Staggering

By Andrew West – Re-Blogged From Patriot Update

An enormous debate was once raging around the path of Dakota Access Pipeline, with camps of liberal litterers finally being evicted by the Trump administration.

The economic impact of the Dakota Access Pipeline will be staggering, but that impact is being ignored by the mainstream media.

The trashy mess leftover by these leftist agitators belied their complete and utter lack of fundamental reasoning, and underscored the issue that progressive groups have with “big picture” logic.  Now, a new report out of North Dakota has outlined something else that these protesters didn’t realize; the Dakota Access Pipeline is going go be an enormous boon to the North Dakota economy.

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Pepsi Laying Off 100 Philadelphia Workers after Only Two Months of Onerous Soda Tax

By MJ Randolph – Re-Blogged From http://www.truthrevolt.org

Unexpectedly, onerous taxes in Philadelphia are hurting businesses… and the people who work there.  The latest casualty? Philadelphia Pepsi workers. Business Insider reports:

PepsiCo is laying off 80 to 100 workers at distribution plants serving Philadelphia. According to the company, a soda tax that is cutting the area’s soda consumption is to blame.

The layoffs, which account for roughly 20% of Pepsi’s 423 Philadelphia employees, will begin Wednesday and be spread out over the next few months, the Philadelphia Inquirer reported.

“Unfortunately, after careful consideration of the economic realities created by the recently enacted beverage tax, we have been forced to give notice that we intend to eliminate 80-100 positions, including frontline and supervisory roles, in Philadelphia over the next few months, beginning today,” Pepsi said in a statement to Business Insider.

Philadelphia’s soda tax passed in June 2016 and went into effect in January of this year. The 1.5-cent-per-ounce soda tax is expected to raise about $91 million annually.

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Maine’s Economic Present and Future Look Bright, but Democrats in Denial

By Onan Coca – Re-Blogged From http://constitution.com

The state of Maine is offering the rest of the nation proof that conservative economic policies not only work better in the short term by stimulating the economy, but are beneficial for the long term as well ensuring long–term economic success.

A new article in the Bangor Daily News examines the exciting economic successes of the controversial Republican Governor Paul LePage. Maine’s economic outlook is so bright that many other states in the nation are watching to see how they might incorporate some of the states policies in their own plans. The Daily News notes that Maine has an all-time record amount of “cash on hand,” more than $1 Billion, and that this is mostly due to Governor LePage’s fiscal discipline and economic decision making.

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