Current GOP Governor Kelly Armstrong admits the Bank of North Dakota could never be built today, then adds "yet we like having it." Whether a public bank works got settled in 1919. The only open question left is who gets permission to build the next one.
https://readuncut.com/americas-reddest-state-runs-a-socialist-bank/
#BankingReform #Infrastructure #PublicOption #StatePolicy #FinancialInnovation #WhatHappensNext
America's reddest state runs a socialist bank
North Dakota votes Republican by margins that make the word landslide sound timid, treats "government overreach" roughly the way other states treat arson, and has owned and operated its own bank since 1919, 3 facts that are supposed to cancel each other out and stubbornly refuse to, because the Bank
What if the entire Sun Belt migration is based on bad math? People chase states with 'no income tax' while paying more in total through sales tax, car dependency, health costs & shorter lives. The tax wasn't eliminated, it was privatized & made invisible. Are we all just marks?
https://readuncut.com/the-country-that-doesnt-know-its-own-tax-rate/
#SunBeltMigration #PolicyQuestions #TaxMyths #RegionalPolicy #PopulationShifts #EconomicMobility #WhatHappensNext
The Country That Doesn't Know Its Own Tax Rate
I've had the same conversation a dozen or more times. Someone mentions they're thinking about moving south, or they just did, and sooner or later the pitch arrives: no income tax, lower cost of living, you keep more of what you earn. It comes out like a confession of common
The Bank of North Dakota grew business lending 35% between 2007-2009, expanding credit in the exact months every private lender sprinted for the exits. Walking into the storm with an umbrella stuffed full of money while the professionals huddled under awnings.
https://readuncut.com/americas-reddest-state-runs-a-socialist-bank/
#FinancialCrisis #CommunityLending #CounterCyclical #BankingReform #LocalBanking #CreditAccess
America's reddest state runs a socialist bank
North Dakota votes Republican by margins that make the word landslide sound timid, treats "government overreach" roughly the way other states treat arson, and has owned and operated its own bank since 1919, 3 facts that are supposed to cancel each other out and stubbornly refuse to, because the Bank
When the pandemic hit, North Dakota came first of all 50 states in PPP dollars per worker: 1,444 loans per 100k people vs Arizona's 265, same week, same federal cash. The difference between a state that owned a bank built to answer the phone and one that didn't.
https://readuncut.com/americas-reddest-state-runs-a-socialist-bank/
#PPP #SmallBusiness #Pandemic #BankingPolicy #PublicBanking #CommunityBanks #CrisisResponse
America's reddest state runs a socialist bank
North Dakota votes Republican by margins that make the word landslide sound timid, treats "government overreach" roughly the way other states treat arson, and has owned and operated its own bank since 1919, 3 facts that are supposed to cancel each other out and stubbornly refuse to, because the Bank
The real kicker: car dependency as hidden tax. Memphis forces you to own 2 cars at $23,000/year. Minneapolis gives you transit for $1,296/year. That $21,000 gap is a compulsory payment to Ford & State Farm, invisible in every tax comparison because the check doesn't go to government.
https://readuncut.com/the-country-that-doesnt-know-its-own-tax-rate/
#Transportation #UrbanPlanning #HiddenCosts #CarDependency #Transit #PublicPolicy #CostOfLiving
The Country That Doesn't Know Its Own Tax Rate
I've had the same conversation a dozen or more times. Someone mentions they're thinking about moving south, or they just did, and sooner or later the pitch arrives: no income tax, lower cost of living, you keep more of what you earn. It comes out like a confession of common
The question worth sitting with: does this playbook travel? Other countries will watch NATO's door stay closed. The lesson Ukraine is welding into factory walls in Munich and air bases in Riyadh - that alliances which survive are the ones where leaving costs something irreplaceable.
https://readuncut.com/ukraine-just-made-itself-impossible-to-abandon/
#Geopolitics #Alliance #ForeignPolicy #DefenseStrategy #NATOAlternatives #GlobalSecurity
Ukraine just made itself impossible to abandon
Ukrainian officers are training American war fighters on a Ukrainian acoustic detection system at an American air base in Saudi Arabia, and the reason they are doing this is humiliating for everyone involved except the Ukrainians. Over $1.3 billion in American hardware (a $300-million AWACS aircraft, a THAAD radar,
America's most conservative state has run its own bank since 1919, turned a profit every single year for 107 years, and never defaulted once, which leaves the most reliable financial institution in the country owned by the people who hate government most.
https://readuncut.com/americas-reddest-state-runs-a-socialist-bank/
#PublicBanking #NorthDakota #Politics #Banking #StateOwned
America's reddest state runs a socialist bank
North Dakota votes Republican by margins that make the word landslide sound timid, treats "government overreach" roughly the way other states treat arson, and has owned and operated its own bank since 1919, 3 facts that are supposed to cancel each other out and stubbornly refuse to, because the Bank
Life expectancy: Memphis 72 years, Minneapolis 79. Infant mortality: Memphis 9 per 1,000, Minnesota 4.0. Uninsured rates: Memphis 13%, Minneapolis 5%. The low-tax promise buys you a shorter life, sicker children, & medical bankruptcy when the bill comes due.
https://readuncut.com/the-country-that-doesnt-know-its-own-tax-rate/
#PublicHealth #HealthPolicy #LifeExpectancy #Healthcare #MedicalDebt #SouthernStates #HealthOutcomes
The Country That Doesn't Know Its Own Tax Rate
I've had the same conversation a dozen or more times. Someone mentions they're thinking about moving south, or they just did, and sooner or later the pitch arrives: no income tax, lower cost of living, you keep more of what you earn. It comes out like a confession of common
McKinsey published "The AI Reckoning" diagnosing governance failures, then 7 days later invested in OpenAI's Deployment Company at $14 billion valuation. The consulting firms survey the boards, document the panic, then buy into the entity that services the demand they created.
https://readuncut.com/94-will-keep-spending-on-ai-even-when-it-fails/
#McKinsey #OpenAI #ConsultingIndustry #ConflictOfInterest #VentureCapital #AIgovernance #CorporateCaptialism
94% will keep spending on AI even when it fails
Somewhere on the 40th floor of a building you would recognize, a room full of people who could not create an email account without calling someone from IT is making the largest capital allocation decisions in the history of American business.
They are the board of directors, the people with
A family earning $12,600 in Memphis pays 12.8% of their income in state & local taxes. A family earning $19,000 in Minneapolis pays 6.2%. The 'no income tax' promise is a shell game where sales tax on groceries & gas extracts more from the poor than an income tax ever could.
https://readuncut.com/the-country-that-doesnt-know-its-own-tax-rate/
#TaxPolicy #Economics #DataAnalysis #Inequality #Politics
The Country That Doesn't Know Its Own Tax Rate
I've had the same conversation a dozen or more times. Someone mentions they're thinking about moving south, or they just did, and sooner or later the pitch arrives: no income tax, lower cost of living, you keep more of what you earn. It comes out like a confession of common
