• Category Archives News and Politics
  • Chris Christie decries libertarians, praises Obama for being like Bush

    Sen. Paul’s staff fired back, “If Governor Christie believes the constitutional rights and the privacy of all Americans is ‘esoteric,’ he either needs a new dictionary or he needs to talk to more Americans, because a great number of them are concerned about the dramatic overreach of our government in recent years…”

    via Chris Christie decries libertarians, praises Obama for being like Bush


  • Feds Seize $841,883 from Used Car Dealer Accused of—Well, Nothing

    Reza Ella, an Iranian-American who owns a car dealership in Albuquerque, New Mexico, may or may not be a criminal. Federal prosecutors don’t know or won’t say. But last September, they seized $841,883 from Ella anyway because the man deposited it in increments of less than $10,000.

    Anyone depositing more than $10,000 in the bank has to file a report with the Department of the Treasury—because terrorism/drugs. Making deposits of less than $10,000 so as to avoid filing said reports—called “structuring”—is illegal and can trigger asset forfeiture whether or not there is any underlying criminal activity.

    Full article: http://reason.com/bl … e-841883-from-used-c


  • ‘How Money Walks’: Map Shows Cash Fleeing States With high Taxes

    Capital will always seek and find friendly abodes and capital flight is happening in America and globally. High tax states and nations are witnessing huge drains on capital. Without capital, economies go bust and the people become impoverished while capital friendly places are experiencing economic stability and growth.

    The Liberty Crier reports:

    Have you noticed more Californians coming to New Mexico?

    Judging from a study of wealth migration, it’s not just a feeling you may have — it’s true.

    A fascinating map showing the amount of money flowing from state to state called “How Money Walks” shows that $950.09 million in wealth moved from California to New Mexico in the span of 15 years.

    And while New Mexico’s economy has been sluggish, according to the map’s figures, more money has come into the state from other states than has come out.

    The map’s author, Travis H. Brown, tracked the millions of people in the U.S. who moved from state to state, taking with them more than $2 trillion in adjusted gross income. Brown says Americans are fleeing high-tax states and moving to states that offer lower taxes.

    The big losers? New York, California, Illinois, New Jersey and Ohio.

    The big gainers? Florida won the most, with $86 billion coming its way. Other gainers were Arizona, Texas, North Carolina and Nevada.

    Full article: http://libertycallin … ates-with-high-taxes