FEECon will soon take place in Atlanta . (I’ll be there June 8th-10th.)
But those who constantly lust over other people’s money have no shame. A union-backed activist group named Working Washington immediately called for — wait for it — Amazon to be charged with a felony for the crime of “intimidating a public servant.” Simply questioning whether its business expansion in Seattle would be a good idea in the face of an arbitrary and substantial increase of its labor costs was the alleged crime.
Of course, what Amazon did is no different from what many taxpayers do when taxes increase to cover poor money management. I, for instance, am in the process of deciding whether I really want to continue offering my home through Airbnb now that Arlington County, Virginia, requires a business license to rent a room in one’s own home, a 7.25 percent tax and filing a monthly tax return for the unit.
President Trump’s promise to drain the Washington swamp of excessive command-and-control, top-down regulation is delivering an all too familiar outcome: an even murkier swamp that cartelizes select industries worldwide by way of command-and-control, top-down regulation.