Tea For Two

If a government is large enough to give you everything what you want

it is large enough to take everything you have.

-Davy Crockett

Socialism is a philosophy of failure, the creed of ignorance,

and the gospel of envy, its inherent virtue is the equal sharing of misery.

-Winston Churchill

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State and Local Income, Sales and Property Taxes All Hit Records in 2017
Posted by don   •   Thursday, 2018-March-22
State and Local Income, Sales and Property Taxes All Hit Records in 2017
Real state and local income, sales and property taxes all hit records in 2017, according to data released this week by the Census Bureau. State and local governments collected a record $404,509,000,000 in individual income taxes in 2017, according to the Census Bureau. Before 2017, the greatest level of individual income tax revenues collected by state and local governments occurred in 2015, when those governments collected $399,933,270,000 in individual income taxes (in constant 2017 dollars converted using the Bureau of Labor Statistics inflation calculator).
State and local governments also collected a record $386,153,000,000 in general sales and gross receipts taxes in 2017. Prior to that, the largest state and local general sales and gross receipt tax collections took place in 2015, when state and local governments collected $385,904,260,000 in those taxes (in constant 2017 dollars).

https://www.cnsnews.com/news/article/terence-p-jeffrey/state-and-local-income-sales-and-property-taxes-hit-records-2017
Venezuela begins power rationing as drought causes severe outages
Posted by don   •   Saturday, 2018-March-17
By Anggy Polanco and Isaac Urrutia
SAN CRISTOBAL, Venezuela (Reuters) - Venezuela imposed electricity rationing this week in six western states, as the crisis-hit country's creaky power grid suffered from a drought that has reduced water levels in key reservoirs needed to run hydroelectric power generators.
The four-hour formal outages began on Thursday. But many residents scoffed at the announcement, wryly noting that they have been suffering far more extended blackouts during the last week.
"We have spent 14 hours without electricity today. And yesterday electricity came and went: for six hours we had no power," said Ligthia Marrero, 50, in the western state of San Cristobal, noting that her fridge had been damaged by the frequent interruptions.
Crumbling infrastructure and lack of investments have hit Venezuela's power supply for years. Now, the situation has been exacerbated by dwindling rains.
In the worst-hit western cities, business has all but ground to a halt at a time when the OPEC nation of 30 million is already suffering hyperinflation and a profound recession. Many Venezuelans are unable to eat properly on salaries of just a couple of dollars per month at the black market rate, sparking malnutrition, emigration and frequent sights of Venezuelans digging through trash or begging in front of supermarkets.

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