Archive for the ‘Finance’ Category

What Is The American Dream?

Tuesday, August 31st, 2010

What Is The American Dream?
by
David Schlecht

Since the days of Reagan, the American Dream has been recalibrated. We once believed that the American Dream was to live in a society that is upward mobile. In other words, to live in a society where you aren’t limited in life based on what class you were born into.

The Reagan years recalibrated the American Dream into getting as rich as you can regardless of who you have to hurt or destroy to make it. Greed became God. Even today, you hear of people pursuing a commercial theocracy. We went from being a “We” society to a “Me” society.

What is the American Dream today? What is your definition of the American Dream?

What best describes "the American Dream"?

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The Folly of Extending Unemployment Benefits

Wednesday, August 11th, 2010

The Folly of Extending Unemployment Benefits
by
Captain Jack

No, I’m not another one of those brain dead conservatives that think the best cure for high unemployment numbers is to let them starve to death. No, Sharron Angle, they’re not unemployed because they like starving. But, just extending unemployment benefits is more harmful than beneficial. Let me explain.

During the Republican Great Depression of the 1930s, many people were unemployed for so long that they became unemployable. There’s only so many years you can unsuccessfully apply for work in your profession before you quit trying. Sure, many of them tried alternative professions, such as selling apples or pencils on the street corners. But there’s not a big demand for menial labor like that.

So, what did all those people do back in those days? You guessed it, the same thing they’ll end up doing this time if we don’t fix the unemployment issue right away. They became chronically homeless. Do you remember the large number of homeless that were referred to as Hobos? Yes, a large number of people learned to live off the streets and off the land. None of them ever got assimilated back into society.

Giving people extended unemployment benefits doesn’t keep them employable. It makes them dependent on the benefits. The only long term solution to unemployment is more jobs. For every dollar spent on unemployment benefits, we need two dollars in jobs programs. The only way to keep the people employable is to keep them employed. That means jobs programs.

Too bad the republicans are killing every attempt at building jobs programs. The republican senators do not want to fix the economy, they want to benefit from it by stretching it out as long as they can. Just look at all the jobs programs that the republicans have voted against. It’s sickening, yet few republican voters realize it.

We need a whole lot more jobs programs and we need them immediately. Extending unemployment benefits without jobs will only make matters worse.

Obama’s Big Deficit

Sunday, August 8th, 2010

Obama’s Big Deficit
by
Captain Jack

I’ve heard one person after another explaining how Obama’s deficit is the biggest in history. I though I would look into this claim a little and see what I can find. Here’s is a quick graph from OffTheChartsBlog to show what the major contributors are to the deficit.

US Deficit

US Deficit

Take a look at the white area of the graph at the bottom. You see the small sliver of white? That is what the deficit would look like without the Bush years. In other words, take away the economic collapse Bush ushered in, take away the Bush tax cuts for billionaires, take away Bush’s misguided wars and what you have left is the small area at the bottom.

Of course, the TARP money is from the Bush years if you remember. TARP was already passed before Obama took office.

So, please, do yourself a favor and get in the habit of questioning the numbers and fears you hear spread by the right wing lie machine. It’s sole purpose is to take advantage of the uninformed. Don’t be one of them.

Tea Bagger Education #3

Monday, February 1st, 2010

Tea Bagger Education #3
by
Captain Jack

There’s no shortage of amusing stupidity in the lies told to the poor naive tea baggers. From today’s mail box, the honorable (convicted felon criminal) former mayor Roger Hedgecock spews lie after lie after just plain stupidity. Check out how low this man goes in deceiving the poor scared tea baggers. Why do you still listen to those you know are lying to you? Wake up tea baggers. There are real problems we ALL need to be addressing and we can’t while you’re distracted with these silly foolish lies.

Here goes — watch out, be scared, wet your pants, Obama wants to steal your retirement.

The idea to confiscate your retirement money came (no surprise) from academia.

Do you get that? Mr. felon criminal Roger Hedgecock warns you about how Obama wants to confiscate your retirement. Does anyone really believe this filth? Well, obviously a few here and there will be inclined to follow this garbage. It’s sad, but some people don’t have the critical thinking skills required to know up from down. But this is just sad to be taking advantage of the poor Americans that don’t know any better than to believe this nonsense.

Just think about that for a moment. An American president wants to confiscate your retirement? Really? And what’s next? Is he having an affair with an alien from outer space? It’s sad, but yes, some poor people don’t know any better than to believe this stuff. Shame on conservatives like Hedgecock for taking advantage of the less fortunate. Shame on them for taking advantage of our friends and neighbors.

Some people don’t remember much past last week, but about 30 years ago employers used to provide pensions for retirement benefits to their employees. A pension is like an insurance program. The longer you live the more you take out. The shorter you live the less you take out. In the long run, the same amount is taken out as is put in and everyone gets paid until the day they die.

The conservatives have brainwashed us all into thinking 401Ks are the way to go. Think for a moment about your 401K. If you are lucky enough to live a long healthy life, you’ll run out of retirement money and end up homeless or on Social Security or Welfare. Nice! Thank you Republicans for the 401K.

If, on the other hand, you die early, then you don’t get to use all the money you saved up. Thank you again, Republicans, for the 401K.

In other words, you lose either way. Who ever thought up such an awful retirement plan and who sold this lie to us? But, that’s another story.

So, Theresa Ghilarducci (repeat after me, OBAMA’S name is OBAMA, not Theresa), suggests many possible changes to the handling of 401Ks. For anyone alive today and who still has a brain cell, our 401Ks are worthless! The current Republican Depression has wiped them out. Theresa’s recommendations would prevent this from happening again and again. Shame on her for trying to come up with solutions. Let’s all hope the Republicans in Congress continue to obstruct everything that can possibly help us.

Yes, my dear tea baggers, Obama is after your worthless 401Ks and he plans to spend them on dinner and a night out with his favorite alien from Mars.

Oh, and by the way, Hedgecock’s bribery case and lying under oath was mysteriously tossed out by an appellate judge on a technicality. Do you really want to take the word of this man?

We’re Winning the Race to the Bottom

Monday, February 1st, 2010

We’re Winning the Race to the Bottom
by
David Schlecht

From the Las Vegas Review Journal:

Nevada’s budget outlook is so bleak that lawmakers doubt whether state government can remain afloat without drastic cuts to everything from prisons to schools to state parks and services for the poor and elderly.

Legislators met Tuesday with Republican Gov. Jim Gibbons to discuss how they will cope with a short-term deficit of about $900 million during an upcoming special session of the Legislature. Some Democratic lawmakers acknowledge options to bridge the gap probably won’t include tax increases.

Assemblyman John Oceguera, D-Las Vegas, said pay cuts and layoffs for state employees are probably inevitable.

“These are drastic, drastic cuts. I would be surprised if some folks didn’t lose their jobs,” Oceguera said.

Taylor said such a cut would hit lower-wage employees extremely hard, especially because some lower-paying jobs are held by single parents raising children. There had been talks that salary cuts would be made only to employees earning more than $40,000 a year.

Oceguera was uncertain whether it would be considered “a socialist type thing” to tailor pay cuts according to earnings.

A Chamber of Commerce study released earlier this month found state and local government employees in 2008 earned an average pay of $55,657 in 2008, sixth highest among states and $6,800 higher than the national average. For state employees alone, the average pay was $55,266.

Teacher pay in Nevada averaged $48,257 a year in 2008, below the $50,852 national average, according to the chamber study. University and community college faculty members in Nevada earn $69,282 on average, compared with the national average of $72,959.

The study also found that Nevada has the fewest number of public employees on a per capita basis in the country, at 43.7 per 1,000 residents.

But Gibbons, who sets the agenda for the session, has long said he would veto any tax increases.

“Our only real option,” Horsford said, “is to eliminate or reduce spending.”

This is absolutely shocking. Gibbons is leading us in a race to the bottom.

Nevada state and local government employees get paid more than the average. That means the local employees get paid more than the average and the state employees get paid considerably less than average. But, that’s not what the Chamber of Commerce says since they might have a little difficulty being objective in this matter. What on earth are they even involved for? They’re the enemy and part of what made our current mess.

This seems so terribly obvious to any casual observer to be a race to the bottom. Nevada has been groveling at the bottom of everything important for so long, we just don’t know what to do if we’re not dead last. We seem to be winning the race to be the first state to resemble Haiti. Let’s all compete to see how low we can pay our state employees. Soon we’ll all be greeted by illegal aliens at the state agencies because they’ll work for less than Americans will. Is that what we want in America?

They’re afraid to affect the rich more than the poor because they’re afraid it’ll sound Socialist? This has to be about the most ridiculous thing I’ve heard in a while. When was it considered Socialist to expect those who benefit the most from society to pay the most? Socialist? If this is Socialism, then America’s founding fathers were all Socialists. They expected everyone to pay their fair share. Shame on you for disparaging the names of our forefathers!

And, if you were paying attention, Nevada is paying our educators well below the average. Obviously we’re dead last in education. We only get back what we’re willing to invest. We should be having a race to see how much more money we can put back in the hands of the middle and lower class and we should be expecting the wealthy to start paying their fair share.

Gibbon, oh what a fine example of Republican principles. No new taxes. We wouldn’t want the billionaires to pay their fair share, now would we? No, let’s just take it out of the pockets of those who need it the most.

When will America start to realize that this Republican approach is destroying our country?

2010 and America’s Lost Decade

Monday, January 4th, 2010

2010 and America’s Lost Decade
by
Captain Jack

Happy New Year to one and all. May this year bring you the financial relief and medical coverage you so deserve. Let’s take a quick look back at the past decade.

Let’s see, it’s January 2000. The economy is booming, the federal budget is in the black for the first time in decades, we were at a time of relative peace. We trusted our sciences and scientists, we had confidence in our banks. We had some control over our banking sector, even though Gramm-Leach-Bliley act had just been passed but the banking sector insanities hadn’t shifted into high gear, yet.

The middle-class American made almost $1700 more per year than today.

Oh, and did I say that we weren’t in the middle of two middle-eastern wars? Oh I did?

So, what, exactly, can you say that America saw in the past decade that was beneficial? Okay, sure, there were a few Peace Prizes, a few discoveries, oh, and we finally pulled the life support from a long gone dead woman.

You can say it is just a coincidence that these were the Bush years, but no one really believes that it was anything but Bush and the Republican politicians who benefited from everything that is now harming America.

Shrinking Tax Dollars

Saturday, December 19th, 2009

Shrinking Tax Dollars
by
Captain Jack

Expanding on David’s great post about Welfare for the Rich, I see services in our state shrinking and drying up. Snow plows are just one of numerous examples. Our entire country has been seeing infrastructure crumbling around us which is a direct result of lower tax revenues caused by tax breaks for the billionaires. Reagan’s and Bush’s tax cuts for the wealthy are destroying our once-great country.

And, that was before the Bush recession.

Now that we’re suffering further reduction in tax revenue, the services we are paying for with yours and my tax dollars are shrinking. We’re getting less for our money. But, your taxes aren’t going down and neither are mine. So all you smart readers out there are probably wondering where your tax dollars are going since your services are being curtailed.

We’re seeing services stripped for the middle class and the needy but the services for the wealthy are still being provided, now, out of our tax dollars. That means there’s less left over to provide services to the real tax payers.

It is time to start expecting the wealthy to start paying their fair share.

More Examples of Welfare for the Rich

Sunday, December 13th, 2009

More Examples of Welfare for the Rich
by
David Schlecht

This week I’ve seen a scenario played out in Nevada that I’m sure most Americans will recognize in their their own neighborhoods. In Nevada, we’ve had a week of cold and snow, the same cold and snow affecting most of the country about now. So what have we noticed during this weather?

In Nevada, the ability of the towns to clear the snow has been greatly diminished, mostly because of budget cuts. Many of the businesses are paying fewer taxes and the rich have been paying fewer taxes for 30 years now, and the tax revenues are drying up, so the civic services, like snow removal, are greatly reduced. But, who is getting the services and who is not? Look around your town and you will notice what I see here in Nevada.

The businesses get plowed first, followed by the wealthy neigborhoods. And, if at all, the middle class and lower class neighborhoods get plowed last. Is this because businesses and the rich pay a higher percentage tax than the real Americans? Of course, not, they’re paying considerably less. Corporations now pay less than 7% of the country’s tax burden. Who pays the rest? You and I do. The Rich have seen insane tax breaks over the last 30 years, down form 92% to as low as 15% in most cases.

How much do you pay? 25%? 30%? 35%? Include your income tax and your property tax and your sales taxes and you can bet you’re paying a higher percentage than the corporations or the rich. So, aren’t you glad that your neighborhoods aren’t getting plowed but theirs are?

Isn’t it time to start getting enraged by this theft? Isn’t it time to say enough?

The Tea-Baggers have it right. Something stinks in America and we have to get motivated to get it fixed. Unfortunately for the Tea-Baggers, though, nobody is telling them that it’s the rich that are stealing their money so they think it’s the Mexicans or the Liberals or the illegal aliens to blame. But, eventually they will realize, and we all need ot be ready to stand beside them and demand that this mess get fixed. Or better yet, it’s time we stood up ourselves and let the Tea-Baggers join us. Get motivated!

NO MORE WELFARE FOR THE WEALTHY!

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The Latest Conservative Talking Points

Saturday, November 28th, 2009

The Latest Conservative Talking Points
by
David Schlecht

This comment from my recent post, Harold Estes, is such a fine example of conservatives’ talking points that it warrants a post of its own. We are at a critical time in America’s history and some people really believe that parroting their talking points constitutes discussion, or scores one for their team. Why isn’t America their team?

Chuck writes:

DAVID IS CORRECT — Progressives are always right because facts, history and reality are adjustable so listen up:
1. Fair taxes – If you make too much (a floating number based on government need), Uncle Handout takes the rest. If you make less, we “spread the wealth”; oh that’s right we’re broke and it’s Bush’s fault.. Not-with-standing that the top one percent currently pay over 40 percent of all individual taxes and the top 25 percent pay over 87 percent (IRS for 2007), but, they don’t deserve to keep the fruits of their labor like under that foolish old capitalistic free market system.. However, all be be solved soon with the new Cap and Tax Bill, Medical Bill, Chris Dodd’s new financial control legislation, expiration of those silly Bush tax cuts — but no fear, these things won’t affect YOU!!!!!

This isn’t some elementary school spelling bee. These are important issues and should be addressed seriously. How can anyone just take a set of numbers and not look at all sides? My gosh, you mean the ultra rich are paying 87% of our taxes? Oh, cry me a river. Let’s see, that is what percent? Well, since the top 25% make 98% of America’s income and it’s still increasing, that is 11% (98 -87) of those taxes that must be paid for by the middle class and working poor along with paying our own taxes. If they’re making 98% of the wealth shouldn’t they be paying at least 98% of the tax? Why should they get welfare from America’s working class?

Obviously Chuck wasn’t alive eight months ago when Obama dropped the tax on the working people of America, because he’s still wetting his pants worrying that Obama will ask him to pay his fair share. Yes, I do expect them to affect ME. I expect things to get back to being fair like it was before we started subsidising the wealthy.

2. Health Care — Of course we should have manditory Obama government health care to control costs, raise taxes and surpress another private industry.. We need another bloated govt. agency that has the budget and fiscal success like USPS, Fannie Mae, Freddie Mac, Amtrac, Social Security, Medicare, Medicaid (oh, thats right, these three would have been OK but uncle stole the money for other “needs”), etc., etc.. But hey, we’ll all get healthier walking to government clinics, standing in lines and learning to deal with pain while awaiting for our lottery number for that surgical procedure like our socialist country friends.. Besides, if you are over 65 and retired you don’t “contribute” enough in taxes or to the “public good” so of what use are you!!!

I am quite sad to see how little you think of America. Yes, we have some problems that we could clean up, but all in all I think America is a great nation. I wish you did, too. Someone has been nurturing some real hatred in you for your country.

I’m guessing Chuck has been nursing on the crap that Fox spews and the rest of the corporate media repeat. These are all lies and misconceptions. In fact, go to one of the many websites that try to set straight the lies. Any of these, these, these, or these would be a good place to start educating yourself.

The fact that this information is so freely available from the US government, I’m guessing Chuck hasn’t even tried finding the truth from the lies.

And, who do you think is going to pay for the national health reform? How about if the rich start paying their fair share, like Obama wants? Oh, that’s right, we can’t expect the rich to pay their own way, can we?

And, lastly, I bet we would all prefer any of these troubled organizations writing out my medical checks rather a billionaire CEO denying our claims so they can make more money but I’m sure that’s obvious.

3. Christian Nation – Of course we are not.. The 86 percent of the population that thinks we are just “cling to their bibles and guns” in times of stress anyway.. Therefore, ignor [sic] all those laws and rules in our judicial system, Constitution and Amendments because they have a basis in “morality” which comes from religion — bad!!!!

“Clinging to Bibles and guns.” You mean like McViegh and the Oklahoma City bombing by Christian radicals or others that have been discussed here, before?

If you think you get morals from religion, you’re sorely mistaken. Open your eyes. Are these the Christian morals you find in our constitution? No, you’re probably ignoring these. Please start naming them.

4. Immigration Control — Why?? You can’t be the Leader of the World until they are all here – “Come on Down” as they say on the game show..

This is another topic that we all agree on. Let’s find some common ground. Nobody wants illegal immigrants taking our jobs. Obviously we can’t build a big enough fence or murder enough to discourage them. The only way to discourage illegals from taking our jobs is to shut down the businesses that hire them. No jobs? They’ll all go home.

5. Military — Unnecessary… They just cause trouble, scare my friends and take money from our progressive agenda!!!

Our founding fathers would be horrified to know that we had a standing army during times of peace. That’s what the well-trained militia was supposed to be. Now we are controlled (more than half of our tax dollars spent to feed it) by the industrial military complex. We spend more on military than the rest of the world COMBINED!  Know that every dime spent there is a dime that isn’t being spent to make America a better place.

6. Pelosi Recommendation – Move the Capitol to San Fran. so I don’t have to wasted my time flying back and forth at least twice every week in my customized private Air Force jet!!!! The auto exec’s used to do that but we fixed them and are working on Wall Street and the finanical industry!!

Oh, please! Can you be serious?

6. Bowing and Apoligizing – We’re bad, really bad, and “I” know how to tell everyone that you greedy freedom and liberty loving capitalists are sorry… Ignor [sic] that as a nation, we have contributed more aid of every type, both foreign and domestic, than all other contries [sic] combined but YOU can do more and WE will arrange that!!!!

Please try to stay focused. Bowing and contributions and arrange for me, all in one breath? Nobody is saying we’re really bad. Can we and should we improve? The majority of American believe we can and should.

As for us being great contributors, this is so misleading. Americans spend most of our donations paying for million-dollar churches and paying the pay checks of billion dollar con artists. However, we, as a nation are the stingiest of the industrialised countries.

Etc., etc., etc…..
Comrade, I know these “truths to be self-evident” (because my Czars, tax evading appointees, lobbists [sic] and Chicago thugs told me so)!!!

Ah, yes, I believe this is another area where we can all agree: our broken government. Lobbyists are destroying our representative government. We need to get money out of our election process and corporate lawyers out of our Supreme Court. You know, the Supreme Court is soon to be deciding if multi-billion dollar corporations and international corporations should have freedom of speech by buying as much political advertising as they see fit. We need to get the lobbyists out of our government, we need to get money out of our elections and we need to get corporate lawyers out of our Supreme Court.

Harold Estes

Monday, November 23rd, 2009

Harold Estes
by
David Schlecht

The Republican party is up their old tricks, exploiting our great veterans for their political gain. Shame on them. I got this in my email today:

WW II Battleship sailor tells Obama to shape up or ship out !

This venerable and much honored WW II vet is well known in Hawaii for his seventy-plus years of service to patriotic organizations and causes all over the country. A humble man without a political bone in his body, he has never spoken out before about a government official, until now.

He dictated this letter to a friend, signed it and mailed it to the president.

Dear President Obama,

My name is Harold Estes, approaching 95 on December 13 of this year.  People meeting me for the first time don’t believe my age because I remain wrinkle free and pretty much mentally alert.

I am amazed, angry and determined not to see my country die before I do, but you seem hell bent not to grant me that wish.

I can’t figure out what country you are the president of.

You fly around the world telling our friends and enemies despicable lies like:
” We’re no longer a Christian nation”
” America is arrogant” – (Your wife even
announced to the world,”America is mean-
spirited. ” Please tell her to try preaching
that nonsense to 23 generations of our
war dead buried all over the globe who
died for no other reason than to free a
whole lot of strangers from tyranny and
hopelessness.)

I’d say shame on the both of you, but I don’t think you like America, nor do I see an ounce of gratefulness in anything you do, for the obvious gifts this country has given you.  To be without shame or gratefulness is a dangerous thing for a man sitting in the White House.

After 9/11 you said,” America hasn’t lived up to her ideals.”

Which ones did you mean? Was it the notion of personal liberty that 11,000 farmers and shopkeepers died for to win independence from the British?  Or maybe the ideal that no man should be a slave to another man, that 500,000 men died for in the Civil War?  I hope you didn’t mean the ideal 470,000 fathers, brothers, husbands, and a lot of fellas I knew personally died for in WWII, because we felt real strongly about not letting any nation push us around, because we stand for freedom.

I don’t think you mean the ideal that says equality is better than discrimination.  You know the one that a whole lot of white people understood when they helped to get you elected.

Take a little advice from a very old geezer, young man.

Shape up and start acting like an American.  If you don’t, I’ll do what I can to see you get shipped out of that fancy rental on Pennsylvania Avenue.  You were elected to lead not to bow, apologize and kiss the hands of murderers and corrupt leaders who still treat their people like slaves.

And just who do you think you are telling the American people not to jump to conclusions and condemn that Muslim major who killed 13 of his fellow soldiers and wounded dozens more. You mean you don’t want us to do what you did when that white cop used force to subdue that black college professor in Massachusetts, who was putting up a fight?  You don’t mind offending the police calling them stupid but you don’t want us to offend Muslim fanatics by calling them what they are, terrorists.

One more thing.  I realize you never served in the military and never had to defend your country with your life, but you’re the Commander-in-Chief now, son.  Do your job.  When your battle-hardened field General asks you for 40,000 more troops to complete the mission, give them to him.  But if you’re not in this fight to win, then get out.  The life of one American soldier is not worth the best political strategy you’re thinking of.

You could be our greatest president because you face the greatest challenge ever presented to any president.

You’re not going to restore American greatness by bringing back our bloated economy.  That’s not our greatest threat.  Losing the heart and soul of who we are as Americans is our big fight now.

And I sure as hell don’t want to think my president is the enemy in this final battle.

Sincerely,
Harold B. Estes

When a 95 year old hero of the “the Greatest Generation” stands up and speaks out like this, I think we owe it to him to send his words to as many Americans as we can. Please pass it on.

How very sad to see an American political party trying to make political points by exploiting the delusions of this poor older veteran, and then they have the audacity to ask us to forward their lies. Such immoral political parties should be banned.

Hopefully, soon, if we can fix health care, he may be able to afford the medicines he needs to step back into reality.

Where does one start when there are so many misconceptions, deceptions, and outright lies? How about at the top?

1. America is not and has never been a Christian nation. It was founded to be a nation of all or even no religion. How many times do you see Christ or the Bible referenced in the US constitution? Never. Wonder why? Even a grade school graduate knows this to be a fact. Why are there people lying to us about this and asking us to forward emails about it?

2. If you don’t think America is mean spirited, you haven’t been paying attention. That is primarily what Fox new is. This is so obvious that no one could really miss the fact.

3. Imagine being so deluded to think Americans would believe that a man from a poor single parent family doesn’t feel gratitude. He has expressed gratitude repeatedly. Turn off Fox news and wake up.

4. It’s nice to have a president acting like a president rather than a war criminal. The majority of America are glad to have Obama representing us. Anything is better than the past eight years. Many US presidents have been diplomatic enough to show respect for the customs of visiting dignitary (like bowing). Where was the outrage when Bush was out there holding hands and kissing Saudi kings and princes on the mouth? Remember Saudi Arabia? The country where the 9/11 terrorists came from?

5. America is obviously not living up to our usual standards when so many people are so weak and frightened by terrorists that any Muslim in the news turns into the next terror plot. We are not all afraid of our shadows and there’s no reason to demand that our leader be so weak. “We have nothing to fear but fear itself.”

6. Yes, please bring back the economies we had after the last Great Depression. Bring back the New Deal, the committees that oversee the excesses of the banks and the criminality of the insurance industry. Please bring back the bigger more effective government. Our country has fallen apart because people have been listening to the “smaller government” fools. How do you think we got in this mess?

7.And finally, any president that just takes whatever his appointed generals tell him should be immediately impeached. Bush, you know, the one who never served even though he was enlisted? AWOL? He replaced the generals he didn’t like in order to hear what he wanted. Look what a mess that has created. Two more Vietnams and despised around the world. America is lucky Obama knows better and questions his generals. If you’ve ever been in the military, you know that generals advance their careers during wars, not during peace so of course they prescribe more war.

There is so much more wrong with this rant but I’m tired.

A Fair Tax

Saturday, November 21st, 2009

A Fair Tax
by
David Schlecht

What is a fair tax?

I’m not surprised when I hear the rich crying and whining about having to pay their fair share. After all, our broken predatory capitalist system requires people to be immoral and predatory to be successful and we wouldn’t expect anything less when it comes to paying back for the wealth this country has given them. What, then, is fair?

Let’s take the plight of the poverty stricken worker, making some CEO rich while she raises her family in poverty. When she goes to the grocery store, she pays sales tax, usually in the range of 7-10%. In other words, this country is taking food off the tables of the poor in order to pay taxes. Another way to look at this is to say that 100% of the poor working mother’s discretionary spending (money she doesn’t need to survive) is spent on taxes. The middle class has a negative savings rate. In other words, all the middle class’ money is going to pay for their dwindling “American Dream”. How much of their discretionary spending is eaten up in taxes? Obviously 100%. This is immoral for so many reasons. How can a society tax their people to death? Shame on us.

Okay, so our government, pandering to the rich, have decided that it’s okay to tax people 100% of their discretionary income. Well, then that means 100% of what the rich make, after paying for a meager middle class life style, should be taxed. But, no, instead the poor and middle class are paying the taxes for the rich. The uber rich are paying about 10% of their discretionary income in taxes while the rest of the country is paying 100%.

If we’re in agreement that we don’t want to tax anyone 100% then it should be pretty obvious that the only moral solution is to levy taxes proportionate to the amount of discretionary income. This is called a progressive tax. In other words, the tax progresses up as the income goes up.

Back in the days when this country used to function successfully, we had a top marginal tax rate of over 90% on the uber rich. Isn’t it time we went back there? Isn’t it the moral thing to do?

Sales taxes, on the other hand, are regressive. They affect the poor considerably more than the rich. Fuel taxes affect the poor disproportionately. Property taxes should be more progressive, with low cost primary homes paying nothing in tax but million-dollar mansions pay a high percentage.

What are the Commons and why should we care?

Sunday, October 25th, 2009

What are the Commons and why should we care?
by
David Schlecht

We’ve discussed the concerns over our Commons in previous posts, specifically on Reinventing Capitalism.

The Commons were originally defined as the parts of the property of a society that all or most of the people shared. As an example, a small tribe may need nearby grazing lands where they can allow their horses to graze.

As long as the tribe is small and as long as none of the tribe members decides to make a profit off the commons, everything works perfectly. But sooner or later someone will find a way to make money off allowing his cattle to graze and the more cattle he can use to exploit the free commons, the more money he can make at the expense of the rest of the tribe.

This situation typically leads to an agreement (law) that the commons are for everyone equally and nobody should make a profit at the expense of anyone else.

When humans weren’t over-populating the earth, many argued that the commons were limitless and we could always move to a new land once we’ve exhausted the current commons. Back when America was young, we could dump all our waste in the rivers and it would just mysteriously disappear, or so we thought.

This misconception that the commons were limitless caused America’s forefathers to overlook the immense need to protect the commons. They didn’t say we shouldn’t protect the commons but they didn’t explicitly protect them to the level we need today with our over population problems.

Today we are beginning to realize that everything provided by the earth should reasonably be considered the commons and protected as such. Automobile manufacturers are making profits by building cars that spew their waste into our limited atmosphere and not paying to clean it up. Eventually there won’t be any clean air left unless we protect our commons.

Many industries are making a profit while they dump their poisonous waste into our rivers and streams. Eventually there will be no more clean water unless we start protecting our commons.

Many more industries are treating our earth as a dumping ground for their toxic waste, and then moving on to new land when the run out of room. Eventually we will run out of land unless we start protecting our commons.

In present times, we consider our commons to include things like our airwaves. Also, utilities that have a right-of-way across our properties are also reasonably society’s commons.

Another kind of common is that which is required for a successful society. This includes education, the press (or specifically newspapers as defined by America’s founding fathers). Some argue that reasonable medical services are required for a successful society and should also be treated as our commons. That is a whole other topic for a post of another day.

America felt that phones where required for a functioning society so American tax dollars were spent to ensure that everyone could get phone service. The same applied to the supply of energy. These are also commons. That’s not to say that nobody can make money off them, but that no one can have such a strangle hold on them that people die so big business can make more money. Sounds like America’s medical system, doesn’t it?

Protecting the commons is the only way, I repeat, the only way that society can survive.

As we’ve seen, commons can change over time. What is required for a society to flourish today is not the same as what will be needed in the future.

Reinventing Capitalism

Wednesday, September 23rd, 2009

Reinventing Capitalism
by
David Schlecht

I’ve written many times about the problems with and the need to reform our current financial system. Stepping back and taking a look at the bigger picture, the problem isn’t limited to our banks, but is a fundamental problem with our entire approach to commerce.

Just think for a moment about the American approach to business. In a dog-eat-dog market, only the greedy and unethical survive. Sooner or later you’ll either get big enough to control your part of the industry or you’ll get gobbled up by a bigger fish. And, the harder you drive your employees and the less you pay them, the better are the chances you’ll be one of the big fish. The more inferior products you’re able to sell, the better for you, sure, better for you, but worse for your community and worse for your workers and worse for America, well, basically worse for everyone else but you.

That’s the foundation for commerce in almost the entire world.

Today, in this economic tsunami, is the grandest of opportunities to fix this upside down situation. In fact, looking back at the past 30 years, it’s plain to see that it was our current economic/financial/commercial system that has caused this mess, AGAIN! Businesses and wealthy get stronger and richer over the years until they have undue influence over the government and then start breaking down the barriers society put up to control them.

We, earthlings, need a new set of rules on which we play this game of capitalism. Here is my list of recommended rules for the new game:

  1. Half of all boards of directors in any company must be representatives of the employees. Employees are guaranteed a certain percentage of the company’s stocks.
  2. Outlaw all personhood for corporations. This is a big deal and too big an issue to discuss here, but check it out. Google “corporate personhood”.
  3. No business can control more than 15% of a market. Any more and the corporation or business is broken up. Sure, we’ll all pay an extra buck-and-a-quata for a week’s groceries, but we’ll all get paid considerably better, even the owners.
  4. If the business is a natural monopoly, such as phone, energy, health insurance, water, sewer, fire, it is managed and provided by We the People.
  5. If the business controls the commons, it is managed and provided by We the People.
  6. Businesses are dissolved immediately when guilty of defrauding our governments. The same goes for donating even a single dime to politics. If your ad looks a little bit political, good by and good riddance.
  7. All businesses must function primarily for the purpose of providing benefit to society.
  8. All businesses must be evaluated annually by the community and the employees and any three years of failure to operate in the community’s best interest causes the business to be broken up and all assets sold off.

These simple changes will still make businesses profitable but they will want to share the wealth with the workers and will want to provide the best, not the cheapest, service to the community.

Free Market Madness

Wednesday, September 2nd, 2009

Free Market Madness
by
David Schlecht

The next time someone tries telling you how wonderful the “free market” is and how it will solve all our problems, I suggest you stop and take a breath and really question it. Here’s why.

Though I’ve discussed the silliness of the supply side economics, or voodoo economics as it’s called, the “free market” is also based on outright lies.

Going all the way back to Econ 101, let’s revisit the economic structure of the robber barons. A middle class in an economy is something that does not grow or survive without political regulations and pressures. It’s that simple. Without regulations (in other word, a free market) pay for the working class will always reduce to subsistence levels. Always!

In a truly free economy, there are a few wealthy leeching off the misfortune of the rest of society. And then there are the working poor. There is basically nobody in between. In other words, no middle class.

Sure, there is a very small percentage of small business owners, but they are barely a step away from the working poor. Ever read any of Dickens’ stories? That is exactly how England’s free market worked in the 19th century; it’s how any free market works over time. Been to Somalia lately?

Other than the stinking and unethical rich, who would ever want such a society? Well, obviously someone is doing a great job of convincing the uneducated or naive that “free markets” are in our best interests.

There is no shortage of “think tanks” funded by the rich, whose sole job is to fool the gullible amongst us.

A “free market” society is an imoral society. Don’t believe the lies. It only causes disaster for anyone but the elite.

This is War

Monday, August 31st, 2009

This is War
by
David Schlecht

When our news source was small and local, the average American had reliable news. Today, the news sources are all multi-billion dollar corporations and the news reporters are multi-millionaires. Does the average American still get reliable news? Of course not. That is why you never hear our current financial disasters framed in the true or correct context. Class War.

We’ve discussed the class war in other posts, here and here.

Millionaire news reporters certainly don’t want to report on increasing taxes on the stinking rich as something good for America even though it was part of what made America fair, just, and strong for most of the 20th century. Now these reporters and news corporations try their hardest to paint the returning to reasonable and fair taxes as something that will destroy America’s economy, the whole while avoiding the facts that the reduction in their taxes since the Reagan era is a major part of what’s destroying America, today.

As Warren Buffet has said, there is a class war going on and my class is winning.

That’s primarily why you are reading reports about how the economy is rebounding but the average American worker is working longer and harder for less. The economy is not getting better for the average American, but it is certainly getting better for America’s corrupt corporate news entities so they will gladly, and ignorantly report that the economy is getting better. Without any reasonable or reliable news sources saying anything to the contrary, we’re left believing that it must be getting better for everyone else but us.

It’s not!

Let’s take a quick look at the outcomes of the major salvos in this class war.

After the great depression of the 30s, top tax rates on the insanely wealthy were raised to 92%. This provided many benefits including reducing the undue influence the wealthy have on our government and encouraged those benefiting the most from our country to reinvest the most.

For the next 30 years, the rich won every battle with hole after hole being poked in our tax laws allowing them to avoid paying their fair share. We can thank the undue influence in our government to the strength of wealth.

The top tax rates on those earning over $3 Million was 92% for only that income over the $3M back in the days before JFK. Kennedy then reduced the top marginal tax rate into the 70% range and closed up most of the loop holes Congress had put in the tax codes for the benefit of their millionaire friends and contributors. This was actually a tax increase as Kennedy repeatedly explained.  This was a small step back to the way things were before JFK, but not a return to the fiscally sound policies put onto place after the depression.

Then, along comes Reagan and he drops the billionaire tax rate repeatedly down to the 30% range. Then Bush comes along and drops the billionaire tax rate down to 25% and only 15% for dividend income.

Also during this time, the poor misguided American public listened to the billionaires tell us how scary the “death tax” is that we started believing them. It’s not a death tax, the tax for death is death. The inheritance tax is paid by those inheriting the billions and billions of dollars. This tax was put in place to prevent aristocracies from getting strong and powerful enough that they could poison our government.

Well, guess what. Here we are today with the rich and powerful controlling almost all of our press and all of our government.

All the safeguards we put into place after the last great disaster have all been eroded by our politicians. It’s time for us to get back to where we were after the last great depression. Restore fair and reasonable taxes. 90% is not an unreasonable tax over $3 Billion and will only help the economy.

The enemy isn’t the other political party; it’s the rich and powerful; it’s a class war, and guess, what, we’re losing big time.

Finding the Right Balance

Saturday, May 23rd, 2009

Finding the Right Balance
by
David Schlecht

The American Conservatives are working overtime trying to scare America about being socialist. They even go so far as to equate socialism with Communism. Firstly, it’s immoral and really sad to see a political party taking advantage of the ignorance of our fellow Americans. It only takes a few seconds to research the meaning of the two and one realizes that they are not equivalent. Shame on those Conservatives for taking advantage of the less fortunate.

Let’s talk about socialism, here. In simple terms, socialism is when a society unites together to ensure that certain needs are fulfilled. A good example of the dreaded socialism is our local police departments. We combine our tax dollars to ensure that everyone is protected by our socialist police departments. Personally, I like our socialist police departments. It was a good idea.

Our fire departments are socialist, as well. We have all combined our taxes to ensure that the fires will be put out, no matter whose house or whose neighborhood is on fire. Yes, a very good socialist idea, indeed.

Basically, almost everything about the services we collectively provide for each other through our taxes is socialism. And, all this socialism works quite well, until the Republicans get in power and privatize our social programs. Once profit is the primary purpose, the social value is lost.

Nobody really wants a social automobile industry, or computer industry. But, we do all agree that certain needs must be guaranteed, certain needs as defined by the Constitution and the Declaration of Independence. A good place to start is “life, liberty, and the pursuit of happiness.”

Is that where we want to draw the line? Or should we do like the Republicans want, and throw away the social programs our forefathers have put in place for us and our country?

Is socialism bad and evil like the Conservatives would like you to believe? Imagine a country without social programs. Somolia comes to mind. That’s the kind of country the Conservatives want us to become: the ultra rich feeding off the poor, sick, and dying. It really makes you want to vote in another Republican, doesn’t it?

So, I think we can all agree that we want some level of socialism in our country, at least we know the country’s founding fathers did. So, how much is the right amount?

Again, getting back to the words of our founding fathers:

  • Life
  • Liberty
  • and the Pursuit of Happiness

Should we have a national health care system? This is so very obvious that it’s the first item on the list. Without a national helath care system, there is no life. Without an education and without our legal systems, there would be no liberty. And, without education, and a national financial system, there is no guarantee of the pursuit of happiness.

Simply put, the bare minimum that our founding fathers wanted for our citizens is:

  • National Health Care, available to all (for the slower among us, that means free)
  • Police and legal protection, available to all.
  • Education, again free to all.

Now there are obviously numerous considerations that our founding fathers didn’t think of. For example 200 years ago, there wasn’t much thought of environmental protections, but without the EPA, today, there is no way to stop the greedy (Conservative-donating) corporations from destroying the world around us.

This short list of social programs that we don’t have contains services provided for free or almost free in all the other industrialized nations. In other words, the minimum requirements as put forth by our founding fathers are provided by all the first-world countries EXCEPT America.

How did this happen? You can thank the Conservatives.

Now, let me be fair. The Republican Party has not always been like this. Only in the post Reagan era have the Corrupt Conservatives been in total control of the Republican party. And, now that America is seeing exactly what the Conservatives have to sell, they’re abandoning the Republican Party in droves.

This is bad.

If we are going to have political parties, we need more than one. But, as we all see, the Republican Party marches in lock-step opposing all the things America’s founding fathers fought and died for.

How do we get the unhealthy conservative bent out of our political discourse? Now that the Democrats are in charge, the corrupt corporate conservatives are working overtime trying to corrupt the Democrats as well and we can guarantee that they will have some level of success, but hopefully, not the kind of success they’ve had with the Republican Party.

It’s time for the Republicans to retake control of their party and it’s time for America to kick out the caustic Conservative memes. Some level of socialism, as envisioned by our forefathers is a good thing. Now we only need to decide how much is enough.

Who Owns our Government?

Tuesday, May 12th, 2009

Who Owns our Government?
by
David Schlecht

In recent posts I’ve gone into some detail onto the problems with our existing financial system. As I’ve pointed out, we will never be able to avoid the bubbles and busts without stringent regulation. The lack of regulation directly led to the great depression of the 30s and is the direct cause of today’s financial problems.

Let’s look at today’s disaster. As posted, earlier, the crux of our current disaster is the derivative market. We have numerous home loans bundled up with other loans and sold like stocks. These bundles are then re-bundled and sold off again. By the time the final sale happens, a buyer may be getting bits and pieces of hundreds of mortgage loans, many in default.

The loans, themselves, aren’t the real problem. The real problem is the banks and investors have trillions of dollars tied up in billions of dollars worth of loans.

Think about that for a moment. The main problem isn’t the mortgages going into default, but those mixed and multiplied derivatives.

The cheap and easy way to fix the problem (for today, anyway) is to make the mortgages good by buying them out and negotiating with the owners for terms that the owners will accept. In fact, we could pay off all the bad mortgages for around 800 billion dollars. Our government could buy up the bad loans and negotiate with the borrowers and spend less than we have given to the banks, so far.

Making the foundation of the bubble good, the derivatives problem goes away. Once the bubble is re-inflated, we can reintroduce the regulations that the Republican Free Market Cult has destroyed and get back on track. This, of course, means getting rid of and possibly outlawing derivatives.

If this makes sense, then you’re probably wondering why our government, in all its wisdom, didn’t already think of this.

Well, they did! In fact, they were trying to buy up the mortgages and do just this but the Republicans and the banks were screaming so loud and putting so much money into lobbying Congress, that OUR GOVERNMENT couldn’t do what we needed them to do. Instead, we’ve put trillions of dollars into the banks, and nothing has been fixed.

The stock market is showing signs of rebound, but once one realizes that the root of the problem isn’t fixed, it becomes obvious that we’re spending trillions of dollars to bolster up the banks but the problem won’t go away. The current Free Market Depression will come back with a vengeance by this Fall. By then, we’ll have trillions less to spend where we really need it.

Now, ask yourself, why do the banks get money but the mortgagees are losing their homes? It’s because we are still allowing lobbyists to control our politicians. The only way to resolve this issue is to refuse to vote for any politician, no matter what party, if they accept business donations. Sorry, but that means no more Republican politicians and good bye to many of the Democrats as well, until they come clean.

What’s With the Thomas Paine Lies?

Monday, April 13th, 2009

What’s With the Thomas Paine Lies?
by
David Schlecht

I’ve seen numerous posts over the years questioning the sickness of unending deceit coming out of the Republican Party. Today is no different. Why would any political party want to lie about the political leanings of one of America’s Founding Fathers?

The new video out pushing the Tea Party features a Thomas Paine impersonator. I just don’t understand why a party would choose one of the more progressive forefathers and make him up to look like he would, in some remote way, support what the Republican Party stands for.

There is no question that the Republican Party relies heavily on the failure of their followers to question their motives, or to even possess a grade school education.

Thomas Paine was for taxing the rich, and ensuring that aristocracies don’t take root in our country. He was all for “stakes” which were his program for scholarships which would be given to the young to allow them to get educated and start businesses, by taxing the rich.

For those who didn’t pay attention in elementary school, the Tea Party was really a revolt against big business, with the name of The Honorable East Indian Trading Company. It was a revolt because this mega-corporation, like Wal-mart, was given unfair tax breaks that threatened to destroy New England’s tea houses. It was a revolt against all the things the Republican Party stands for.

Thomas Paine wrote extensively about building a social safety-net, like Social Security, to protect the people. Check out Rights of Man.

Simply put, Thomas Paine was for all the things that this Tea Party is against. The purpose of this Tea Party is to revolt against taxes on the rich, the same taxes they were paying before Reagan screwed up our country. Thomas Paine was for estate taxes. Yes, those exact taxes the organizers of the Tea Party are opposing.

The billion-dollar families in America have united to create the Tea Party and they’re relying on the ignorance of the Republican followers. How can they expect such stupidity? Well, because they haven’t been let down, yet. Will they this time?

Economies Requiring Growth

Friday, April 10th, 2009

Economies Requiring Growth
by
David Schlecht

We have discussed many of the roadblocks to success that are fundamental to America’s economy. Today we’ll discuss the pending disaster of an economy based on unlimited growth.

Let’s look at Nevada for a prime example of an economy that is crumbling, not only because of the Free Market insanity, but because of a model requiring unending growth.

Most people realize that Nevada is a desert, but you wouldn’t be able to tell by the vacant stare of our Governor Gibbons. As a desert, our communities are limited by available resources, and being a desert, one of the most critical resources is water. So what happens when we have more people than the water supply can support?

Well, of course, the industry lobbyists are saying that we can’t stop constructing new homes and schools and strip malls, so we must force people to conserve more and more.

So, in Nevada, we’re forcing the voters to use less and less water so they can continue to build more and more homes adding to more and more traffic and more and more crime and more and more congestion.

Eventually, there will come a point where you can’t ration the water any more and the population will level off, or more likely, decline as everyone will want to leave the stinking cesspool left behind.

Population growth will come to an end!

Since a large part of our economy is driven by the construction industry, a large part of our economy will falter, as will all the industries relying on that industry, like the many strip malls.

Right now, today, is time to start implementing building moratoriums when we see that our resources are unable to keep pace with population. If we wait, like Nevada, until it’s too late, then population will actually fall, and that will destroy the housing industry and the property values of all those unable to flee the disaster.

Again, this isn’t rocket sience, so why doesn’t Gibbons, or your own governor see this pending disaster and start constraining growth? It’s time you reminded them that you’re watching and paying attention.

Senate Votes to Bankrupt America

Sunday, April 5th, 2009

Senate Votes to Bankrupt America
by
David Schlecht

Last week our Senate representatives voted 51 to 48 to further reduce taxes on the overly-wealthy, thusly putting our country further in debt. The taxes on the wealthy have been reduced over the past 30 years, just like the last great depression, and we wonder why we’re looking at another great depression. How can our representatives really vote this way? It’s not rocket science.

Here’s a list of who voted against it:

Akaka (D-HI)
Begich (D-AK)
Bennet (D-CO)
Bingaman (D-NM)
Boxer (D-CA)
Brown (D-OH)
Burris (D-IL)
Byrd (D-WV)
Cardin (D-MD)
Carper (D-DE)
Casey (D-PA)
Conrad (D-ND)
Dodd (D-CT)
Dorgan (D-ND)
Durbin (D-IL)
Feingold (D-WI)
Feinstein (D-CA)
Gillibrand (D-NY)
Hagan (D-NC)
Harkin (D-IA)
Inouye (D-HI)
Johnson (D-SD)
Kaufman (D-DE)
Kennedy (D-MA)
Kerry (D-MA)
Klobuchar (D-MN)
Kohl (D-WI)
Lautenberg (D-NJ)
Leahy (D-VT)
Levin (D-MI)
Lieberman (ID-CT)
McCaskill (D-MO)
Menendez (D-NJ)
Merkley (D-OR)
Mikulski (D-MD)
Reed (D-RI)
Reid (D-NV)
Rockefeller (D-WV)
Sanders (I-VT)
Schumer (D-NY)
Shaheen (D-NH)
Stabenow (D-MI)
Udall (D-CO)
Udall (D-NM)
Warner (D-VA)
Webb (D-VA)
Whitehouse (D-RI)
Wyden (D-OR)

Congratulations to all of them for doing the right thing. Do you see anything missing from this list? That’s right. There’s not a single Republican that voted against this bill. Not a single one. The party that lies to us about fiscal responsibility is at their finest, here, further expanding our debt while paying off their rich contributors. Why does anyone still vote Republican? Obviously if you’re the 1/10 of 1% of the richest greediest scumbags of the country, I can see why you vote that way. The rest of us, there’s just no excuse.

This stupidity couldn’t have passed without a few sick Democrats enabling the Corrupt Conservatives.Who were these sickos? They should be removed from office, TODAY! Here’s the list:

Baucus (D-MT) Murray (D-WA) Bayh (D-IN)
Nelson (D-FL) Pryor (D-AR) Cantwell (D-WA)
Landrieu (D-LA) Tester (D-MT) Lincoln (D-AR)

Now, I also see Nevada’s Ensing voting for this, but then there’s never been any question who Ensing thinks he is supposed to represent, and it certainly isn’t the Nevada public.

Had enough Conservative Corruption yet? It’s time to weed out the corruption, Democrats and Republicans, alike.