Author Archive: K. Lloyd Billingsley

K. Lloyd Billingsley is Communications Counsel at the Independent Institute.
Full biography and recent publications

Government Pension Tricks Pillage Taxpayers


Thursday October 12th, 2017   •   Posted by K. Lloyd Billingsley at 11:15am PDT   •   0 Comments

As Lawrence McQuillan notes in California Dreaming: Lessons on How to Resolve America’s Public Pension Crisis, outlandish pensions for government employees have put state budgets in crisis and threaten the services taxpayers receive. In California, government employees could retire at age 55 with two percent of their salary for each year of state employment....
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Gov. Brown’s Tunnel Vision Gets More Costly and Corrupt


Friday October 6th, 2017   •   Posted by K. Lloyd Billingsley at 12:03pm PDT   •   0 Comments

As we noted, even with a single tunnel, Jerry Brown’s massive $16 billion “WaterFix” for the delta is a financial bust. According to Benefit-Cost Analysis of The California WaterFix, by Jeffrey Michael of the Center for Business and Policy Research at the University of the Pacific, construction costs, estimated at $16 billion, are still more than...
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When Government Neglect Turns Deadly


Friday October 6th, 2017   •   Posted by K. Lloyd Billingsley at 4:48am PDT   •   0 Comments

With 59 dead and more than 500 injured, the Las Vegas massacre is beyond horrific. Even so, it could have been worse in several ways. Suppose gunman Stephen Paddock had been giving off clear warnings of his deadly intentions, which police ignored. Suppose police had intercepted communications of his mass-murder plan, then did nothing...
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Stem Cell Scam Still Redistributing Money


Friday September 29th, 2017   •   Posted by K. Lloyd Billingsley at 2:20am PDT   •   0 Comments

The California Institute for Regenerative Medicine is about to give $7.9 million to UC Davis, already the recipient of $131 million from CIRM, which David Jensen of the California Stem Cell Report describes as an “Oakland-based stem cell agency.” Near the end of his report, he helpfully notes CIRM was created by the 2004...
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Flying the Unfriendly Skies of the FAA


Thursday September 28th, 2017   •   Posted by K. Lloyd Billingsley at 9:15am PDT   •   0 Comments

Back in 2001, terrorists flew U.S. airliners into the World Trade Center and the Pentagon, killing some 3,000 people and causing countless billions in damage. According to an investigation by Kelly Carr and Jaimi Dowdell of the Boston Globe, the Federal Aviation Administration listed two of those airliners still active four years later in...
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GovClimateInquisition.Con


Wednesday September 27th, 2017   •   Posted by K. Lloyd Billingsley at 9:20am PDT   •   0 Comments

Last year Senate Democrats launched a crusade against independent think tanks including the Cato Institute, Reason Foundation, Heartland Institute, the Hoover Institution, John Locke Foundation, Manhattan Institute and many others. This “web of climate denial,” charged Sen. Sheldon Whitehouse, Rhode Island Democrat, casts “a grim shadow over democracy” and a “filthy grip on our...
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Gold Plated UC Pensions Punish Parents, Students


Monday September 25th, 2017   •   Posted by K. Lloyd Billingsley at 11:00am PDT   •   0 Comments

“I think this year’s higher tuition is just the beginning of bailouts by students and their parents. The students had nothing to do with creating this, but they are going to be the piggy bank to solve the problem in the long term.” That is Lawrence McQuillan, author of California Dreaming: Lessons on How...
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California’s BOE Nepotistas Get a Promotion


Tuesday September 19th, 2017   •   Posted by K. Lloyd Billingsley at 1:40am PDT   •   0 Comments

California’s Board of Equalization does not equalize anything, so even its name is misleading. It’s a tax agency, with a budget of more than $650 million, so no surprise that the BOE has misallocated $50 million in tax revenue and members use BOE events to promote their own careers, at taxpayer expense. State government...
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Government Money Grab Is Institutionalized Abuse


Tuesday September 12th, 2017   •   Posted by K. Lloyd Billingsley at 1:29pm PDT   •   0 Comments

As hurricanes assail the nation, President Trump is tweeting up a storm on a “once-in-a-generation” opportunity to cut taxes and simplify the tax code. So far, the president is short on details, but he did say, “It’s your money, not the government’s money,” and tax reform should start with that reality. The money that...
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Lessons from Pillage People Smackdown


Wednesday August 30th, 2017   •   Posted by K. Lloyd Billingsley at 3:23pm PDT   •   Comments Off on Lessons from Pillage People Smackdown

As we noted, in 1990, Gilbert Hyatt was awarded the patent for the first single-chip microprocessor. This invention earned Hyatt a lot of money and he soon moved to Nevada, which has no state income tax. California’s Franchise Tax Board (FTB) claimed Hyatt lied about his residency, and that he owed millions in state...
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