Civil-Merchant's blog

Institutions are the tools we we use to  connect, exchange value and lower uncertainty. The blockchain is a system where data can be verified, and security is guaranteed. Business or government institutions using this technology could be run algorithms that would have a competitive advantage, provide transparency, verify transactions, and increase privacy. Imagine no corruption.

This is driven by bill SB386 in the Georgia State Legislature that's already passed the Senate and has been favorably reported by the House Transportation Committee.  The bill provides for the imposition of a transit special purpose local option sales and use tax for a 30 year period to be voted on by referendum. It creates 159 special districts (i.e. 159 Georgia counties) and a new governance authority entitled "Atlanta-region Transit Link "ATL" Commission" which consists of numerous appointed positions that are not accountable to the people. The commission will have sole authority to determine expenditure of federal funds for transit purposes within the jurisdiction of the authority.  Even if you don't live in Cobb County, this bill impacts every county in the state and every taxpayer.
 

“There are two things that are important in politics,” Mark Hanna, the great Republican kingmaker of the late 19th century, once said. “The first thing is money, and I can’t remember what the second one is.”

What was true in Hanna’s century remained true in the next, and since the Watergate scandal of the 1970s, Congress has imposed stricter regulations on money in politics. Advocates of those rules argue that they rein in corruption and increase public trust in government.