Friday, May 10, 2013

Friday

This is going to be my only weekend home this month, and it looks like a combination of rain and low temperatures.  Suite.

Patrick, I concede your point on the inconvenience of the administration of the sales tax, but if you set some modest thresh holds to give relief to the true cottage operators, I take the position that biz is biz.  If you're going to play in the game, you play by the rules.

Actually, my feelings on this are much more intense if the misfits in DC could see the light and consider a national sales tax as an alternative to most of the current Internal Revenue Code.  I don't know what the percentage number needs to be, but applying a consumption tax gets everyone pulling on the wagon.  Maybe exemptions for food and medical care, but tax everything, including all Internet sales.  Get rid of all (or at least most of) the current tax deductions...and simplify the code!  Make the CPA's learn something else other than the exception, to the exception, to the exception for property eligible for the Investment Tax Credit!

Moving on...

We're in Prime Time for graduation commencement speakers.  The Big O led off least week at Ohio State, and the parade gets into full swing this week.  Almost anyone who can speak cogently about a topic can get on the card at some school's ceremony.  The bigger the institution however, the more pressure to bring in a "name".  As in Oprah at Harvard.  "Nanny" Bloomberg at Stanford.  Melinda (Mrs. Bill) Gates at Duke.  Cardinal Dolan at ND.  Trust me on this:  the grads won't remember word one of any of these speeches five years from now.  I can't even remember who spoke at my ND graduation.

I'm guessing that the costs to bring in a speaker are all over the board.  Most of the smaller schools likely only incur the travel and associated expenses for their speaker.  Some may give a nominal "honoraria" to recognize the effort and time commitment given by the speaker to make the presentation.  Then you have the pure commercial authors, entertainers and others who may see the appearance as just another public offering.  Get used to it graduates; ain't nuttin' out there for free!

Wednesday was my first trip to the golf course at Geneva this Spring.  Other than paying the price with a sore back on Thursday, I was not displeased with my results.  Several pars, and one birdie!  Shocking.  If I can get some strength in my back, maybe the handi can actually go down this year. 

It was also "Demo Day" on the driving range later in the day.  This is the day that equipment wholesalers get to set up a display tent with their new "stuff", clubs, balls, etc.  I took a pass on the whole deal.  After my purchases of the driver and putter last year, I have zero in the budget for new equipment this year.  Its the Indian, not the arrow, Kemo Sabe!  (Sorry for the ethnic, racial political incorrectness.)

No big plans on Maplecrest for the weekend.  Golf, bike and wine will all likely be in play. 

Make your's a Good Friday.

BCOT

1 comment:

Patrick said...

The problem with the national sales tax is that it would only be palatable if the 16th Amendment was repealed, and one party (ahem) will NEVAH give up the ability to tax income and wage class warfare. So the NST is deader than Hoffa.

A flat / FAIR tax would work but the same issue applies. Some people just don't like simplicity and flatness, even though they haven't given the FAIR tax a look beyond the talking points put out by their favorite political party.