I was hoping for an appropriate political cartoon to share regarding the Apple fiasco from this past week. I was counting on a scene titled “The Big Apple Circus” and the Senators who grilled Tim Cook would be illustrated as clowns asking rhetorical questions about the tax code. Instead I’ll be happy with a Star Trek reference to acknowledge the latest film to hit the big screen.
Just as one issue starts to be put behind us, it seems another comes to take its place. Unfortunate events, indeed.
This week congress passed legislation requiring on-line stores to collect sales tax based on the buyer’s state of residence. This really isn’t a new tax, when you buy an item from an out of state vendor, you are required to pay your state sales tax when you file your tax return. It seems no one ever does, so this was simply a matter of enforcement.
Today is May 4th. May Fourth, as in “May the Fourth be with you.” Cute, but Star Wars was released on May 25th, so when someone uses that line I look at them and say,”You’re three weeks early.” Worse, I couldn’t find any tie-in to finance or politics and Star Wars. But, yesterday was the release of Iron Man 3 in the US, and I am a fan. I remember when comics were the downfall of society, and it’s been downhill from there.
A nice Iron Man tie-in along with an insult to congress. Is there a connection with the Tin Man having no heart? You decide.
One fake tweet from the AP twitter account and there was a moment of panic with the S&P dropped over 10 points. All was back to normal a few minutes later when it was discovered to be a hoax.
