Tuesday, August 15, 2006

 

Me no likey this guy

State Treasurer Richard Moore is pressuring/attacking H&R Block for their tax loans.

Here we go again... Read the article.

What about his fiduciary responsibility? Why does he even have authority to act in this way? Whose best interest is he acting in anyways?

And he will probably be a strong candidate in 2008 for his stupid paternalism.

Comments:
How is charging interest or fees on loans based upon expected tax returns any different from withholding interest that could have been gained by taxpayers if the funds had never been withheld in the first place?
To be fair, maybe the state should pay the fee to H&R for the taxpayer.

Nathan
 
For now, at least, we'll be spared Moore as governor. I'm pretty sure that he's announced that he will not run in 2008.
 
I was just pointing out the irony in the fact that the state has already collected interest on the taxpayer by coercion and is hypocritical in trying to prevent private firms from collecting similar interests through voluntary contracts.

Of course the state shouldn't pay the fee.
Nathan
 
Woods takes on this issue in today's Mises Daily article.
 
Wonderful and informative web site. I used information from that site its great. » » »
 
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