Water Cooler 06/01/17 Open Thread; Democrats and the fight for 15; Illinois Considers Privilege Tax; U.S. May Arm Kurds at Last


For a Change I Think A Corporation Should Be Forced To Pay $15/hr Minimum

Seems the Democratic party after years of telling everyone else how to treat their employees failed to pay theirs minimum wage or overtime.

DNC Workers Sue Party for Receiving Sub-Minimum Wages, No Overtime

Dozens of field workers have filed a class action lawsuit against the Democratic National Committee, claiming the party that is pushing employers to pay a $15 minimum wage and more in overtime failed to pay overtime and minimum wages to its own employees.

Justin Swidler, the attorney representing the field workers, argued the Democratic Party failed to pay workers a minimum wage and denied them overtime compensation. Swidler “says the lawsuit seeks ‘fair pay for fair work,’ and holding the Democratic Party to the very ideals that it embraces,”

The 2016 Democratic platform pushed for a $15-per-hour minimum wage, a nearly $8 increase from the current minimum, and promised to defend an Obama-era regulation forcing employers to pay a higher rate to employees for working more than 40 hours.
–The Daily Caller

There’s two ways to look at this. Democratic judges have ruled that campaign promises can be considered in reaching court decisions so you could have an additional breach of contract here. The other is that they chose to work for the party of slavery what did they expect ?

State Of Illinois Considers If It Actually Wants To Have A Financial Services Industry.

Apparently paying people to tell you how to invest your money is a privilege and needs to be taxed in Illinois.

The state of Illinois is considering a whopping 20 percent “privilege tax” on financial advice:

The Illinois bill would put a 20% levy on fees earned by investment advisers. It passed the state Senate in a 32-24 vote Tuesday, and backers are hoping to get it through the House before the legislative session ends May 31.

The new tax is pitched as a way to squeeze more revenue — as much as $1.7 billion a year — from hedge funds and private-equity firms, which purportedly get off easy on their federal taxes because of the “carried interest loophole.” But under the current version of the bill, Illinois would keep collecting the privilege tax even if Congress were to cease taxing carried interest at the lower capital-gains rate.

Liberal groups are also hoping — probably in vain — that a multistate agreement will prevent financial firms from simply decamping to friendlier climes. An earlier version of the Illinois proposal included a provision so that the 20% tax would take effect only if and when New York, New Jersey and Connecticut enacted similar measures. But the bill as written now would impose the tax regardless, and lawmakers will simply have to hope other states follow suit.

Yet who says financiers can’t do their jobs just as well in Palm Beach, Fla. — or London, Zurich or Hong Kong? The progressives peddling this idea don’t understand that Chicago competes for these businesses not only with New York and Greenwich, Conn., but with anywhere that can offer cellphone service and an internet connection. Finance is international and highly mobile.

—PJ Media

The only question about this tax is just how quickly it will destroy the financial services industry in Illinois.  I give it under a month after a passage.

After years of empty U.S. promises, Trump arms Kurds fighting ISIS in Syria

This may not be in our strategic interest of “realpolitik” but it is the fulfillment of several administrations promises to the Kurdish people.

Finally, after years of dangerous dawdling the United States has actually begun arming Kurdish soldiers fighting ISIS in Syria.

Weapons supplies had been stockpiled nearby in anticipation of President Trump’s go-ahead, which came Monday. The armament distributions, which the commander-in-chief approved despite fierce opposition from NATO ally Turkey, will enable the tough Kurdish fighters to participate more aggressively in the imminent assault on the de facto ISIS capital of Raqqa.

The Obama administration talked of arming the Kurds, who also led the anti-ISIS fighting in northern Iraq, but wilted in the face of resistance from the Baghdad central government and Turkey. More than $200 million in armaments were earmarked for the Kurds and left behind in the Iraqi capital when Obama withdrew all U.S. troops in 2011. But somehow they never reached the Kurds, who were often left fighting ISIS forces that had better U.S. equipment captured from fleeing Iraqi troops.

The arming decision comes as Secy. of Defense James Mattis has ordered changes in strategy against ISIS. Mattis describes the change as moving from an “attrition strategy,” which allowed ISIS fighters to escape current battles, to an “annihilation strategy,” which involves encirclement and total destruction. Mattis has also given battlefield commanders increased leeway in decision-making, which under Obama often involved seeking time-consuming approval all the way back to the White House.

–Hot Air


Drink up That’s it for the Watercooler today. As always it’s an open thread

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