A few stories that have been lurking in my tabs:
- Donald Trump’s 1995 tax return was leaked last week and showed a nearly billion dollar loss that he could have used to offset profits for years and thus pay no tax. It’s perfectly legitimate to criticize Trump for losing a billion dollars and proclaiming himself to be a business genius. Criticizing the NOL rule, however, is insanity. Allowing businesses to carry losses into future years allows them to navigate sometimes uncertain business waters without going bankrupt. Criticizing the rule because of Trump is sheer wealth envy. Trump should be making this point.
- You remember the Phoenix VA scandal? Well, the government responded to this disaster by … funding the VA more generously, firing no one and appointing a new manager who had a series of failures. Stunningly, this has not worked. Coyote Blog reminds us that this is how government works. Failure means you get more funding and more people. Success means budget cuts.
- An Iowa prosecutor wants to hit a 14-year-old with kiddie porn charges for taking non-nude pictures of herself. This is insanity. And it will not stop until we start shitcanning prosecutors who abuse their power this way.
- John Oliver had a good show on police accountability.
More to come …