Postcards: An Escape From MD, A Religious Revival, and Three Reversion Momentum Plays

So long, bag taxes! Goodbye, high income taxes. And good riddance to a $5 tax to flush the toilet. It's been educational. Plus, we valuate three cheap stocks and ask a question about each opportunity.

Dear Fellow Expat:

Baltimore County, Maryland, is the first county in the state to implement a bag tax at grocery and retail stores. It’s not going over well.

The radio hosts are complaining.

The cashiers are apologizing.

And there’s already an effort to recall the County Executive, John Olszewski, Jr, who unsurprisingly has spent his entire career in politics or lobbying. Like his daddy, he was a politician, you see.

He famously voted for a Rain Tax - one of the dumbest ideas in Maryland history - which was eventually repealed. Look for this bag tax to go away as well.

These are the types of government ideas that end political careers.

They’re not just nickeling people to death (5 cents a bag), but they’re creating a massive inconvenience while people try to carry lots of groceries (with tons of petroleum-based plastic packaging out of the store.) It makes NO SENSE.

Launching this tax right before the Thanksgiving and Black Friday shopping season wasn't the best idea. But maybe that wa…