Category: Sovereigns

Political theft in broad daylight: Part 2, the getaway car

31 July, 2012 (09:03) | homeowners, Litigation, Municipal bankruptcy, Sovereigns, States, Subprime, US News |

[Continued from yesterday's Part 1.]   By:David A. Smith   Unfortunately, not so far   In yesterday’s story of the outrageous – and if there were any justice in the world, totally illegal – confiscation of litigation settlement proceeds won by state attorneys general against banks for benefit of homeowners who face foreclosure, I provided […]

Political theft in broad daylight: Part 1, daylight robbery

30 July, 2012 (13:28) | homeowners, Litigation, Municipal bankruptcy, Sovereigns, States, Subprime, US News |

By:David A. Smith   Some in elected office   Every now and then, one hits a story whose offhand presentation makes me wonder if the whole world is numb or merely numskulls who cannot see, even when it is thrust into their face, a blatant and disgraceful theft taking place in broad daylight, a theft […]

At last, something new to tax!

14 March, 2011 (17:46) | Appraisals, Housing, Innovations, Municipal Finance, New York, Sovereigns, Taxation, US News |

By: David A. Smith    Continuing its search for something new to tax, the State of New York has stumbled upon a strategy that for sheer technical brilliance rivals any of the great schemes of the past: taxing income based not on where it was earned, but on the potential for the taxpayers’ to occupy […]