Seems like I heard it different, The buisness's and stock holders have been given the loopholes for the last decade or so.

Does Harvard pay that money to Boston? Or do they pay it to Cambridge? I know that's beside your point. I was just curious.

At any rate, I'm guessing that Cambridge and Boston are both glad to have Harvard around. That's just a guess, based on no research whatsoever. The article you posted says, "A tax on elite colleges would reduce inequality." That may be true, but it would take a whole bunch of study to figure it out.

But you ignore the point. Loophole or not, the greater the cost to do business the higher the cost of the product--paid by the consumer.

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1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags

Yes I heard MD legislators interviewed where that was exactly what they said.

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1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags

I grew up in NoVa and had a cousin in Rockville, so I have spent a fair amount of time in Maryland over the years. It never occurred to me how different VA and MD are until I lived in Gaithersburg for a few years in the early 1980s. MUCH more government presence in MD than in VA. I have a friend with a small business just outside Baltimore. He's going to get his kids through school and then get the heck out - taxes are too high.

I don't think Warren's points should be controversial. It's all a matter of balance.

I am offended at this. The reason? My Grand Dad was pretty darn well off and he started with NOTHING! He drove cattle from Texas to Wyoming and Montana until he had saved enough money in his early twenties to buy his place for cash. He was a self made man. He paid his taxes which I would think entitled him to use the roads to take his cattle to market.

He worked and sweated all his life and had NO government help. He never borrowed even one single penny from ANYONE!

Hard work, maybe this woman needs to investigate and learn what that is.

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2001 SLK 320 six speed manual
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Annoy a Liberal, Read the Constitution

Your statement is completely consistent with what she said. She said nothing against your grandfather.

According to the article I linked to they pay it to the "City Of Boston".

With regard to your second point "that Cambridge and Boston are both glad to have Harvard around" I have no doubt, but if you get a chance to read the article it does a very nice comparison to that and to how a community might feel about say Microsoft and how while the benifits of those two enterprises are similar the treatment of them is not.

Here is another article making similar points:

Harvard

My original point was with Warrens sophomoric understanding of reality or her blindness to her own reality.

Liberals/progressives/Marxists/socialists/communists/ Democrats/RINOs?moderate Republicans/and at times stauch Republicans, either fail to understand or remember this unignorable fact, every friggin` cent comes from only one source, the consumer of private goods and services!

I think it is hard to make either of those judgments based solely on what she says in that clip. The articles you cite raise all kinds of issues that would be hard for a politician to address in a brief campaign stop.

One thing I do note from those articles is their focus on social engineering. For example: Sounds plausible to me, but figuring out where to strike the balance is the tough part. And is that even a proper goal when setting tax policy? I have no idea what Warren's thoughts are on those issues.

On a somewhat related point, prestigious institutions like Harvard, the Baltimore Orioles, Disney Land, and other organizations that dominate their home towns tend to get favorable treatment from local politicians that might be out of proportion to the benefits they bring to that town. Taxpayers would do well to look at those organizations with a skeptical eye.

Ivy league schools should drop all admission standards and go to a national lottery with winners' tuitions paid by the Congress. That's fair, equal, and open to all. What could possibly go wrong?

I am a life-long fan of the Baltimore Orioles, and a fan of the Ravens. That said, I do not agree with public financing for the sports arenas--that should be paid for exclusively by the Owners and League.

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1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags

I'm all for it.

If anyone made any money off of a cattle drive they did not make the money by themselves. In fact, a cattle drive is a good example of her point.

For those of you that don't know how that business worked........

Once a year there was a round-up in Texas. There were no fences, so every cow in Texas was free range. They were branded and that is how you knew who owned which cow. If you found one that was unbranded you slapped your brand on it ASAP and it became yours.

Drives were run by a Trail Boss who made an inventory of which cows had which brand and then hired on a crew of Cowboys to drive the heard north. The trip was around 500 miles, give or take a few. Any cattle picked up along the way, branded or not, were kept out to give to the Indians as a payment for passing through their land and drinking their river water which they owned due to treaties.

When you got to market you sold the cows, paid off the Cowboys and took a percentage of the sale price. The rest was paid to the owners of the cattle and the amount was settled by how many of their brand you has sold.

This was called 'Buying on credit and selling for Cash'. It was a great way to make a living if all the cows (or you) did not die during the trip.

The entire process was based on how ship Captains were paid, which was a percentage of the value of the cargo after it reached port and was sold.

Besides the Trail Boss the Cowboys were involved, the Indians, the cattle buyers and the Government which allowed the entire business to take place by paying the Railroads to build lines to Kansas. The cattle were bound for Chicago, and there was no way for a Drover to run a heard across the Mississippi River and up to Chicago and expect any of the cattle to survive the trip.

If you need further information on how this business worked then check out the works of J. Frank Dobie who wrote extensively on the subject.

OK, so the cattle owners, cowboys etc gained by the cattle drives. Didn't the mass of people also benefit by having meat in their diets? The consumer benefited by being able to buy lower cost beef than if there had been no cattle drives.
Its symbiosis--everyone benefits.

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1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags