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Showing posts with the label redistribution of wealth

The Chained Consumer Price Index: Standard of Living Spirals Downward As Cost of Living Decreases

I am taking a short break  from my story line to report of several other issues of import. the first being the new accounting method which the government has devised to calculate increases in the cost of living. Based on this new accounting devise alone, The government can now report that the rate of increase in the  cost of living is on the decline. The new method is call Chained Consumer Price Index.  It is in the newly proposed budget for Maine but I believe that the source is the federal government: Title 36: TAXATION  Part 8: INCOME TAXES  Chapter 841: INFLATION ADJUSTMENTS  §5402. Definition s This Part suspends the inflation adjustment for income tax brackets for tax year beginning in 2014 and 2015 and provides that the inflation adjustment calculation for tax years beginning after 2015 must be based on the Chained Consumer Price Index instead of the Consumer Price Index Here is my layman's analysis based on this article: Measuring Up:The Case for the

Tech Maine Closes as The Maine Institute of Technology Thrives

Recently in the news is the closure of TechMaine Tech Maine lobbied back in 1998 to bring about the legislative charter of the Maine Technology Institute , a non-profit corporation,which channels funds from the taxpayers and other funds available to non-profits to private sector technology companies. I am not sure why the legislature had to create the L3C to enable small businesses like MOO Milk to get in on foundation money while the same legislature created a non profit corporation to channel tax payer and non-profit funding to private high-tech companies. MTI's recent annual repor t shows that it is abundantly financed, and while participating in and lending "support" to the legislaures "targeted sector" and supported network, TechMaine,is not included among those receiving benefits from MTI. One wonders why MTI  does not  give needed support to the lobbying group that contributed so much to it's birth. Speculations arise of political in fighting am