Tag Archives: Bandit Gang Writ Large

California to create a state-run bank for pot businesses to ease tax collection

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“Store owners, growers and distributors are being forced to use cash because most banks won’t open accounts for them while the federal government still considers marijuana illegal.  As revenues inevitably increase, they will be lugging larger stacks of 50s and 100s to the tax collector, a situation that everyone agrees makes businesses vulnerable to thievery, violent crime, money laundering and extortion.”

Read more: http://www.sfgate.com/bayarea/article/John-Chiang-lays-out-plan-to-create-a-public-bank-12537099.php

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How Uncle Sam Launders Marijuana Money

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“The IRS accepts this tainted money in the payment of taxes, turning it into ‘clean’ money; and it is not an unwitting accomplice to the crime. Estimates are that marijuana business owners across the U.S. will owe $2.8 billion in taxes to the federal government in 2018. The government makes a massive profit off the deal, snatching up to 70 percent of the proceeds of the reporting businesses, as opposed to the more typical rate of 30 percent. It does this by branding marijuana businesses criminal enterprises, which are not entitled to deduct their costs when reporting their income.”

Read more: https://www.truthdig.com/articles/biggest-launderer-marijuana-money-u-s-government/

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We May Finally See the End of Compulsory Public-Sector Union Dues

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“When they insist government employee wages would plummet in the absence of a union, they’re simply confirming the workers are already earning more than their labors are actually worth on the open market. These are the kinds of hard economic truths that will be exposed when Janus is finally heard next month and the injustices that will be righted if the court this summer votes to ban mandatory dues and fees in the public sector.”

Read more: https://fee.org/articles/we-may-finally-see-the-end-of-compulsory-union-dues/

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The Latest in Local Government Pettiness

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“These local governments are basically extortion rackets. And the targets are usually the less fortunate.”

Read more: https://fee.org/articles/the-latest-in-local-government-pettiness/

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Extortion, Police Raids and Secrecy: The Venezuelan Bitcoin Mining World

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“Who would have ever thought that Bitcoin mining would be a cat and mouse game of trying to outwit and deceive government and police task forces? Then again who would’ve thought that Bitcoin mining would be so lucrative to where families are living off the Bitcoin ecosystem.”

Read more: https://hackernoon.com/extortion-police-raids-and-secrecy-inside-the-venezuelan-bitcoin-mining-world-6e97a25e7402

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Mexico’s drug cartels now hooked on stealing fuel from state refineries

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“Because of government offensives that toppled narco kingpins in recent years, Mexico’s drug cartels have splintered and are eager for new sources of revenue. Now, their increasingly dominant role as fuel thieves pits two of the country’s biggest industries – narcotics and oil – against one another. A May 2017 study, commissioned by the national energy regulator and obtained by Reuters via a freedom of information request, found that thieves, between 2009 and 2016, had tapped pipelines roughly every 1.4 kms (0.86 mi) along Pemex’s approximately 14,000 km pipeline network.”

Read more: https://www.reuters.com/investigates/special-report/mexico-violence-oil/

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National park police gun down stopped, unarmed motorist in his car

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“In an interview, Austin said he suspects Ghaisar, who has no criminal record, drove off after stopping because he was spooked by the very first stop initiated by Park Police, in which police cut him off in the middle of the highway and approached with guns drawn, yanking at his front door.”

Read more: https://nypost.com/2018/01/24/dashcam-shows-police-fire-up-to-9-times-killing-stopped-motorist/

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South Korea Plans to Hit Bitcoin Exchanges With Massive Tax Bills

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“South Korean cryptocurrency exchanges will this year need to pay 22% corporate and 2.2% local income taxes on last year’s earnings by the end of March and April respectively, if they had an annual income of over 20 billion won ($18.8 million) during 2016.  On Sunday, Yonhap quoted another official as saying cryptocurrency exchanges would soon be required to share users’ transaction data with banks—another move that would help the authorities collect tax.  South Korea’s ongoing cryptocurrency crackdown has been one of the prime causes of bitcoin’s recent volatility. Last month, the government instituted real-name policies for virtual-currency traders and banned investors from opening new accounts.”

Read more: http://fortune.com/2018/01/22/south-korea-bitcoin-exchange-tax/

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Trump slaps tariffs on foreign solar panels and washing machines

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“The announcement marks President Trump’s first major trade action of 2018 and follows his campaign promise to get tough on America’s trading partners.  A tariff, or tax, of 30% will be applied to imported solar panels, most of which come from China. Tariffs will begin at 20% on large residential washing machines, according to the announcement Monday from U.S. Trade Representative Robert Lighthizer.”

Read more: http://money.cnn.com/2018/01/22/news/economy/us-tariff-washing-machines-solar-cells/index.html

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Sessions Says to Courts: Go Ahead, Jail People Because They’re Poor

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“Last week, Attorney General Jeff Sessions retracted an Obama-era guidance to state courts that was meant to end debtors’ prisons, where people who are too poor to pay fines are sent. These burdens fell disproportionately on African-Americans. The push to abolish debtors’ prisons will continue, as community advocates and local officials press on. It would be preferable, of course, for the federal government to fulfill its role as a leading protector of basic constitutional rights. Unfortunately, Mr. Sessions has made clear that under his leadership it will not.”

Read more: https://www.nytimes.com/2017/12/28/opinion/sessions-says-to-courts-go-ahead-jail-people-because-theyre-poor.html?_r=0

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