Archive for May, 2013

Marijuana legalization may be repealed in Colorado if taxes aren’t approved by voters.

Personally, I’m in favor of the repeal. I’m not particularly anti-marijuana. I wouldn’t mind if it was eventually decriminalized in an orderly fashion with taxes already in place, after fifteen or twenty other states had decriminalized it. The problem I have is that I’m encountering a number of people who moved to Colorado or plan to move to Colorado solely because they can smoke weed, and I’m encountering it more and more in situations where I’m on a family outing, kids in tow, and someone is lighting up within nose-shot. Maybe this jackassery is due to the newness of decriminalization and that eventually things will settle down, but given that weed seems to appeal to young counterculture and your typical young counterculturist doesn’t give a rat’s ass about anyone but themselves, I’m not hopeful.

SlashdotFollowing up on the Atlantic’s article, “What If We Never Run Out of Oil?”

Slashdot poses that question to it’s readers.  Neckbearded Tree-huggery fun follows.

Ars TechnicaApple proves once again that taxes like rules are for the little people.

Which brings us directly to the third point: Much of Apple’s $145 billion in cash and investments come from sales outside the US and it’s locked down in bank accounts on foreign shores. Simply closing those bulging Swiss, Irish, and Cayman bank accounts would make Apple’s cash subject to so-called repatriation taxes. As much as one-third of that cache would go to Uncle Sam. The company only has about $45 billion in dollar-denominated All-American cash on hand to power that generous dividend and buyback program.

So to recap Apple’s position as a company which overwhelmingly supported President Obama and the Democrats – Taxes on upper middle class and lower upper class families and small to medium businesses – good.  Taxes on mega-wealthy corporations and their overseas earnings – bad. 

That’s really all I have today, sorry.