Wednesday, June 22, 2011

High Tax Rates = Low Tax Revenue

My favorite economist, Thomas Sowell, once again distills a complex controversy down to it's simple essence. This short column is a must-read if you want to understand the economic pitfalls of "soaking the rich." READ MORE

Monday, June 20, 2011

Somebody Stop Me Before I Hoard Again

I knew we were in trouble when I found my deceased father-in-law's leg under the bed in the guest room.

They say that you can't begin to rehabilitate yourself until you admit that you have a problem, so I'll bare my soul to the world and admit it publicly: I am a hoarder. Even worse, I am married to another hoarder. Someday you will see a report about us on the 6 o'clock news after the police find our decayed remains buried beneath a fallen stack of old magazines.

But we're trying to mend our ways. Which brings us to how I found the leg.

This past January, I spent one whole Saturday morning cleaning out the guest room. There were a lot of valuable items that I just had to force myself to pitch because we needed the space. I had a fine set of encyclopedias from 1956 that a neighbor had given me in 1985, but they seemed a bit "past it" in 2011, so they had to go. I also had a complete collection of National Lampoons from 1974 & 1975.

Obviously, I have had this hoarding problem for a long time.

But when I found my father-in-law's leg, I knew we needed serious therapy.

My father-in-law died in 2006. My wife was the executrix of his estate. For a while we had numerous boxes of his personal belongings stored in our guest room while the estate was being settled. That is how we ended up with the prosthetic leg that he wore for the last few years of his life.

I had forgotten all about the thing, until I found it while I was cleaning.

ME: Peggy, I just found your dad's leg under the bed!

HER:
I wondered where that had gotten off to.

ME: Why in the world are we saving this?

HER: Somebody else might be able to use it.

ME: If I ever need a prosthetic leg, I prefer to have mine custom made.

HER: Oh, quit whining. I think there's some organization that takes them and re-fits them for people.

ME: This leg has been here for five years! Some poor guy is hobbling around downtown right now on a crutch, waiting for someone to donate a leg for him.

HER: Okay, okay, I'll find the place and get rid of it.

ME: Fine! But let's get it out of the house. I'm putting it in the trunk of the car so you will have it with you whenever you decide to drop it off.

HER: Whatever.

When two hoarders live under the same roof, things can get pretty testy anytime one hoarder wants to get rid of something that the other hoarder is hoarding. I could easily throw away a bunch of her stuff. She could easily throw away a bunch of my stuff. But that could quickly escalate into something unpleasant, so it is easier (and safer) to just let things pile up.

After my most recent heart attack (see Another Routine Day in the ER) I decided I needed to clean out the garage and tool shed so that, in the event of my untimely demise, my children wouldn't have to spend several weekends cursing my memory as they cleaned up my life-long accumulation of junk.

So last month I stifled my inner-hoarder and made myself throw away a dumpster-load of odds and ends that I had saved for years on the off chance that someday one of them might be useful.

It was quite liberating! I felt like I was freeing myself from the shackles of my past. Perhaps there was hope for us. Perhaps Peggy and I could begin a new life; a life free from the compulsion to save so much stuff "just in case" we might need it someday.

I was feeling pretty special as I packed up several paper sacks with old newspapers to take to the recycling bin. That is, until I popped open the trunk and saw my father-in-law's leg, laying right where I had left it 5 months before.

Whatever.

Wednesday, June 15, 2011

A Love Letter to Toyota

If you have never checked out Stanley Bing's column in Fortune magazine, you have missed a lot of funny reading. READ MORE