Lawsonry

Month

October 2010

43 posts

Conservatives are Pro-Life Until You're Born

I’d like to take this opportunity to reblog George Carlin’s speech about abortion and Catholicism. (see more)

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Oct 29, 201011 notes
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Oct 29, 201020,700 notes
Oct 29, 2010915 notes
How Do You Take Your Tea? With Heaping Spoonfuls of Irony, Of Course

This is by David Michael Green, and it perhaps the most educated synopsis of the Tea Party I have seen thus far. I have included the full text of the article, and at the end a link to the website. (Click the Read More link)

It’s so great that Americans are finally angry about the state of their country.

But it’s beyond awful that all the wrong people are beside themselves for all the wrong reasons.

When I look at the tea party movement in America today, any number of words come to mind, most of which are not fit for print in a family newspaper. But, above all, I cannot help but be struck by the irony of it all.

It’s ironic, to begin with, that the ones who are bitching loudest today are precisely the people who created the mess we’re in.

We’re actually in a whole heaping helping lot of messes, but I’m referring principally to the economic one. I suspect that the rabble ranks of the tea party movement are populated by people who have equally bad politics on social matters and foreign policy issues. But - for different reasons - they don’t talk about those questions too much. Instead, they largely confine themselves to economic beefs, especially deficits.

These are conservatives, however - more properly labeled as regressives - and the astonishing irony here is that they’ve had their way with economic policy in this country for thirty years running. And, excuse me, but now they’re pissed off at the results?

Think about it. Economic policy can be divided into a handful of key domains, including taxes, trade, labor relations, regulation, privatization, the budget and the welfare state. In every single one of these areas - with one partial exception - regressive policy choices have entirely predominated over the last generation. Only in the latter case of welfare state spending has that not been true, but even there only partially so.

Taxes today are a mere hint of what they used to be, just as the right has insisted must be the case. For the rich especially, top marginal income taxes have come down from 91 percent to 35 percent. But, of course, even that doesn’t include earnings on capital gains, a giant portion of their income, which is now at 15 percent. Nor does it include the estate tax, which has now disappeared entirely. Nor does it include deductions and write-offs. Put this all together and you can see why Warren Buffett, one of the richest people in the country, was moved to reveal that he paid a 17.7 percent tax rate on his $46 million of taxable income in 2006, while his employees paid an average of 32.9 percent, and his receptionist’s tax rate was 30 percent.

On trade, previously existing barriers and protections for domestic industries have been eviscerated almost completely, so that for much of the world today, it’s a single market for products and capital. Labor? Not so much. What a shock, then, that America’s good jobs - especially in manufacturing - are now all located in Mexico. Or at least they were, until even those became too expensive and got moved to China and India and Vietnam. Smug Republican white collar workers thought they were immune from wealthy corporate masters cutting their legs off from underneath them. Now, when it’s too late, they stand in unemployment lines while someone in Bangalore does their job for a tenth of the pay. So how’s that whole free-tradey thing workin’ out for you now, people?

The story is the same in the domain of labor relations, where the playing field has been slanted massively in the direction of capital, starting with Reagan’s firing of the air traffic controllers. The upshot of these rule changes and enforcement laxity has been that the portion of union-protected jobs in America has shrunk from about 35 percent to about 7 percent, with precisely the results for workers that you’d expect.

With deregulation, too, we’ve seen massive changes as well over the same period, across industries far and wide, not least of which includes the repealing of Glass-Steagal and the unleashing of Wall Street. The right insisted - and still does - that this is great news for the economy. History begs to differ.

Similarly, America looks radically different today in terms of who performs the functions of government, with everything from prisons to the military to espionage having been privatized. With respect to the budget, conservatives say they believe in fiscal responsibility. When they come to power, however, nobody deficit spends like they do. Reagan wanted to triple the nation debt, so he did. Bush wanted to double it again, so he did.

Among all these economic policy domains, then, that leaves welfare state spending as the only one in which regressive policy choices have not been completely dominant, and there the story is somewhat mixed. Spending on social programs dropped - just as regressives wanted it to - under Reagan and Bush, but especially under the conservative Clinton, who eviscerated welfare programs in America. On the other hand, welfare state spending increased dramatically under Bush because of his prescription drug bill, which cost twice as much as he told Congress it would (and he knew it). Obama has, of course, added his health care plan too, but according to the nonpartisan Congressional Budget Office, it will not cost any additional revenue. So, in this one economic domain, the record is decidedly mixed.

The point is this: Add all this up and what you see is regressives winning essentially every economic policy fight of the last generation. Nearly every single one. And where they didn’t, the biggest example was a policy advanced by George W. Bush.

The result, of course, has been economic devastation far and wide. The rich have gotten massively richer, the rest of us are sinking, the federal debt has skyrocketed, our jobs have been exported to China and India, Wall Street has plunged the global economy into the toilet, corporations like BP do whatever they want without fear of consequence, and the United States is imploding as a great power. These are not coincidences, either. And now here comes the great irony: the same people who have been getting their way on the economy for thirty years now are just absolutely livid about what they themselves have created! They’re just completely enraged at the product of their own politics.

Ah, but that’s just the beginning. A second great irony is the extent to which the tea party bozos are being manipulated by elites like the Koch Brothers, Rupert Murdoch and the likes of Dick Armey. The very people who created the public’s economic insecurity in order to get rich off of it, are now channeling the resulting rage into support for more of the same. And the folks on the street with their signs and their venom think they are manifesting some sort of spontaneous outpouring of patriotic rage, unaware of who is directing their efforts and who will benefit.

Another pretty serious irony is that the tea partiers are likely about to gain some substantial power, but have no solutions to the problems they perceive. Or problem. So much of this seems to be about government spending. And fair enough - it’s a good point. Spending is out of control. I’ve got some ideas for solutions. It’s just that they don’t.

Unless, of course, they’re prepared to slash Social Security and Medicare spending. Which they’re not. When the New York Times ran a poll on tea partiers back in April, it found that they tend to favor the generic idea of cutting government programs. Just not the only ones that really matter. Some were unable to reconcile the competing concepts: “‘That’s a conundrum, isn’t it?’ asked Jodine White, 62, of Rocklin, Calif. ‘I don’t know what to say. Maybe I don’t want smaller government. I guess I want smaller government and my Social Security.’ She added, ‘I didn’t look at it from the perspective of losing things I need. I think I’ve changed my mind.’”

Welcome back to sanity, Jodine. But that’s a bit of a problem. A Paul Krugman column recently reported why: “Howard Gleckman of the nonpartisan Tax Policy Center has done the math. As he points out, the only way to balance the budget by 2020, while simultaneously (a) making the Bush tax cuts permanent and (b) protecting all the programs Republicans say they won’t cut, is to completely abolish the rest of the federal government: ‘No more national parks, no more Small Business Administration loans, no more export subsidies, no more N.I.H. No more Medicaid (one-third of its budget pays for long-term care for our parents and others with disabilities). No more child health or child nutrition programs. No more highway construction. No more homeland security. Oh, and no more Congress.’”

I kinda like that last part. Maybe tea partiers do too. But I don’t think they’re really contemplating a shut down of the federal government when they insist on slashing spending. More likely they’d have the same reaction to creating the Frankenstein they’re policies call for as Jodine did when she found out what the implications of her own tea party rants would be for her nice gubmint bennies. I notice that nobody running for Congress this year is specifying just how they’d kill the deficit. They want to cut spending, and they say they can, but they can’t see any rush in specifying how they’ll do it. That can wait til after the election. Republican duplicity and hypocrisy - what a shock, eh? Call it irony number four.

Number five is that those who bitch most about the oppressive federal government in America tend almost always to be the ones who benefit most from it. According to Eric Scigliano, writing in the Seattle Post-Intelligencer: “In 2003, the top subsidy-sucking state, in percentage terms, was red-lite New Mexico, which received $1.99 in federal money for every dollar it sent to Washington, D.C. All the next eight net recipients of federal spending were redder yet: Kentucky, Virginia, Montana, Alabama, North Dakota, West Virginia, Mississippi and Alaska, which received $1.60 to $1.89 back for each tax dollar. The list of net losers in the state-federal exchange, by contrast, reads like a Who’s Who of Blue. Two of the top 14 were traditionally red Western states that are starting to turn purple, Colorado and Nevada. The other 12 are all blue: California, Connecticut, Delaware, Illinois, Massachusetts, Michigan, Minnesota, New Hampshire, New York, Washington, Wisconsin and the biggest chump of all, New Jersey, where the federal government spends just $.57 for every dollar it collects. … Only five blue states were net recipients of federal subsidies. Only two red states were net payers of federal taxes.”

No wonder Sarah Plain and her protege, Joe Miller (did I mention that he took federal farm subsidies at one time?) join others in Alaska in getting so upset about the tyranny of the federal government. According to the Tax Foundation, Alaska was number one nationally in federal spending per capita in 18 of the 25 years ending in 2005, pulling in nearly two of your and my tax dollars for every one they sent to Washington. Now that’s some serious oppression, people! I for one am sick at heart to think that my tax dollars are being used to brutalize crackers from Alabama to Alaska, bludgeoning them over the head with fat federal subsidies. This must stop! From this moment forward let the word go forth: I am willing to sacrifice having taxes taken out of my paycheck in order to support their brave “Don’t tread on me!” campaign to end the oppression of having to receive my money. I know, I know - it’s a bold statement. But somebody has to take a stand!

A sixth irony is that tea partiers are better off individually than the rest of us are. They are more likely to be college educated (oh god, I need a new career) and to have a higher income than the rest of the population. They are also older and considerably more likely to be retired. I’m pretty sure that also means that they’re sucking up those fat government pay-outs in far greater proportion than the rest of us too, unless they’ve bravely waived their Social Security and Medicare benefits in the interest of reducing government spending. Call me crazy, but somehow I don’t think so.

Seventh, solving the problem that most animates the tea party crowd will do nothing to solve the problems that America faces today. Federal debt is a serious matter, but it is not pinching us in any way right now. In fact, it is probably keeping us (barely) afloat by stimulating some small degree of demand in our wrecked economy. It’s absolutely true that this is an issue for the future, and that it must be dealt with. But any fool who really believes that slashing spending is going to make things better now is in for a rude shock. It would almost certainly make things worse in the short term, and potentially in the long term as well.
The last irony that really slays me concerns the timing of the tea party outrage. There’s a graphic I’ve seen online recently that shows a smirking George W. Bush saying, “I fucked you all, but thanks for blaming it on the black guy”, and I can’t help thinking of that as I survey the indignant outrage on the right these days. Never mind that the tea party crowd is whiter, older and more male than the general population, and never mind the obscene posters they bring to rallies, such as ones saying, “Hitler gave great speeches too”, or “Undocumented worker” (under a picture of Obama), or “Acts Muslim, Talks Muslim Equals Mosque (with a picture of Obama in Taliban style garb and beard), or “By ballot or bullet restoration is coming”. Maybe those are just “bad” tea partiers who are unrepresentative of the wider movement. Perhaps they haven’t quite hit that sweet spot of just the proper amount of permitted outrage toward the democratically elected government chosen by the American people - you know: more than the already crazed GOP average, but less (for now at least) than a white-robed lynch mob.

But even leaving all that aside, those of us barely hanging on here in the still sentient part of the universe really kinda hafta wonder why all the outrage now? After all, it was Ronald Reagan who massively increased the debt of the country, with enormous help from George W. Bush, who took the largest surplus in American history and turned it instantly into the largest deficit. And did so principally to give the rich massive tax breaks and fund an incredibly expensive war based on lies. And, please correct my calendar math if I’m wrong, but wasn’t that just two years ago?

But now they’re outraged? Now? What, because Obama has been deficit spending even more than Bush? Well, wait a sec here. You know, I’m not the slightest fan of Barack Obama, but I am a very big fan of telling the truth, something which will get you in a lot of trouble in tea party America, that’s for sure. And the truth looks like this: If you take away from Obama’s budgets Bush’s wars, Bush’s tax cuts, Bush’s prescription drug plan, and the interest on the debt borrowed by Reagan and Bush, and about all you’re left with is two things. First, the stimulus and bailout spending, which only exists at all to deal with Bush’s recession. And, second, Obama’s health care bill, which the CBO has determined comes at no additional cost whatsoever to the taxpayer, and in any case doesn’t even kick in until 2014. Not to mention that Bush had his own stimulus bill and that the hated TARP program came on his watch. But, somehow, the rage of the white male retired guys only appears when “the black guy” is in office. Somehow, the shrill screams about “taking our country back” only show up when the dark-skinned guy who is only nine-tenths beholden to the oligarchy is the president.

What would it look like if Obama didn’t have to pay for Bush’s wars based on lies, didn’t have to pay for Bush’s prescription drug plan, didn’t have to pay for Bush’s tax cuts, didn’t have to pay for stimulus funds to rescue the country from Bush’s Great Recession, and didn’t have to pay interest (one of the biggest items in the federal budget) on the money that Bush and Reagan borrowed previously? Most likely, it would look like it did on January 20, 2001, the day that Bush came to office, and the United States was running the greatest surplus ever in its history.

So here we stand. The people who created endless disaster as far as the eye can see are now completely beside themselves in outrage that someone is spending a few dollars to clean up the mess these same folks have made by convincing America to follow their policies over the last thirty years. They want big changes, right now, even though they can’t quite specify what they want - other than changes that won’t hurt them, personally - and even though these changes would do absolutely nothing to solve the current problems facing the country, and would in fact probably exacerbate those.

They are absolutely fuming! How dare Obama do that?! They’ve come to take back our country, and most likely they will have great success in the election next month.

What do you call that?

Well, ironic, for sure.

But don’t forget tragic, too.

Oh, and massively stupid.

http://www.smirkingchimp.com/thread/david-michael-green/31807/how-do-you-take-your-tea-with-heaping-spoonfuls-of-irony-of-course

Oct 25, 2010
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Oct 25, 20102 notes
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Oct 25, 2010
Looks like TARP isn't such a bad thing afterall

According to an article on Bloomberg, the Troubled Asset Relief Program (TARP) has generated over $25,000,000,000.00 since it started in 2008 - that’s an average return of about 8.2%! Grant it you can make a lot more money investing in risky stocks, but compared to the 30-year U.S. Treasury bonds, TARP proved to be a more lucrative investment. 

So anyone who says that TARP is a waste of federal tax dollars would be entirely wrong. As well as misinformed. 

Oct 25, 2010
“I’m Pro-Marriage… Not Pro-GAY-Marriage, not Pro-STRAIGHT-Marriage, not Pro-WHITE-Marriage, not Pro-BLACK-Marriage… Just PRO-MARRIAGE. And you, you’re either Pro-Marriage, or Anti-Marriage. There’s no such thing as anti-GAY-Marriage - Just Anti-Marriage.” —Me talking to someone at work on the topic of two people who happen to be the same sex getting married.
Oct 25, 2010
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Oct 25, 2010
Oct 25, 2010
“Until then, grab yourself a tea party coloring book and keep a look out for more promulgation of possible public policy based on dogmatic religious pretentions.” —The Lawsonry Show
Oct 25, 2010
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Oct 25, 2010
Companies that received bailout money giving generously to (Republican) candidates → washingtonpost.com

mohandasgandhi:

jonathan-cunningham:

Although GM suspended its contributions while it solicited the government for financial help, it is now back in the game of political giving, increasing donations from its federal PAC steadily over the past few months.

It is not alone: Companies that received federal bailout money, including some that still owe money to the government, are giving to political candidates with vigor. Among companies with PACs, the 23 that received $1 billion or more in federal money through the Troubled Assets Relief Program gave a total of $1.4 million to candidates in September, up from $466,000 the month before.

Most of those donations are going to Republican candidates, although the TARP program was approved primarily with Democratic support. President Obama expanded it to cover GM and other automakers.

…

Some of the generosity to Republicans can be explained by the expectation that the party will make huge gains in Congress. But another factor is the Democratic Party’s push for financial-regulation legislation this year. The new law, which passed the Senate with the votes of three Republicans and all but one Democrat, placed new curbs on banks and introduced a regulator to vet financial products for consumers. Most Republicans, and banks, say the law creates too many new restrictions.

Ingrates. 

This is criminal.

Hmm, how interesting. It’s almost like Rep. Weiner was right: Republicans are subsidiaries of corporations. 

Oct 25, 201055 notes
Lawsonry Jesse Lawson

3 Things You Should Know Before Watching Glenn Beck

Here’s a fun fact: Did you know that if Glenn Beck worked an average of 8 hours a day for an entire year (that’s not taking weekends off or anything – I assume he works hard for his material) then he will gross an average of $11,110 per hour? Do you know how much I made last year per hour? On average, I made $14 per hour, working an average of 5 days per week, 10 hours per day. Those wages ($14/hour), is the average salary across middle-income America.

It is said that money is the root of all evil, and I think that in politics that statement is amplified. Before you really listen to media moguls (or “czars”), you need to consider who they’re working for, and how what they tell you can benefit their wallet. A lot of people on T.V. are advocates for their own spending money, and you need to remember that not everyone tells you the truth on T.V.

Glenn Beck is a good example of a media mogul who takes advantage of the emotions of upset and uninformed Americans by using dramatic hyperboles, extravagant misinterpretations of the truth and twisting information in such a way that encourages Americans to give up their money to donations and buying his merchandise. Here’s three big things that you should consider before watching Glenn Beck:

1. Glenn Beck makes more money in one week than the average American makes in ten years.

With a $32M salary in 2009, only $2M came from Fox, which he uses to sell his merchandise and books and get people to buy T-Shirts that have fun slogans on them. Where did the rest of his salary come from? Glenn Beck pulled in $30,000,000 from the sale of merchandise and books and public performances in 2009.

That’s right, folks: Glenn Beck, the good ol’ hard-working American middle class savior, rakes in more money in about one hour than you will see in about three months. Maybe consider where your information is coming from before you start to rally behind poorly-spelled signage advocating the downfall of our government.

2. Glenn Beck admitted that he doesn’t check his facts.

There was a time when Glenn Beck was on The View, and Barbara Walters called him out on a lie that he had said on his radio show about an interaction between Whoopi Goldberg, some train car personnel, and himself. Barbara Walters called him out on it, and here’s the conversation:

WALTERS: I’d like you to apologize-
JOY BEHAR: Why would you lie about that?
BECK: Why would I lie about that?
BEHAR: Yeah, why would you lie about it?
BECK: I don’t know – I came over.
…
WALTERS: (on trying to rationalize why Beck should not have jumped to conclusions) You are an investigative reporter!
BECK: No I am not!
WALTERS: You are a reporter?
BECK: No I am not!
WALTERS: So you check no facts at all?
BECK: No! I am a commentator.
WALTERS: As a commentator-
BECK: I commentate on life.
WALTERS: As a commentator, do you ever check your facts?
[Goldberg proceeds to rip into him]
BECK: Did you not, did you not think I knew this was comin’?

Look at his body language, and that fake, holding smile. This guy is holding back suppressed emotion because he knows he’s wrong, he’s around a social audience that knows he’s full of crap, and he has nowhere to go. Look at how he talks here, and compare that to how he talks in his shows. This guy openly admits to not checking facts, which is basically saying that he operates on fiction. That’s like Rupert Murdoch openly admitting to alter the news to make it more appealing to Americans.

3. Glenn Beck is full of nonsensical illusions of grandeur, hyperbole and, at some times, juvenility.


Take a look at some of the fun stuff that Glenn Beck says, and go ahead and tell me that they sound rational and informative.

“This president I think has exposed himself over and over again as a guy who has a deep-seated hatred for white people or the white culture….I’m not saying he doesn’t like white people, I’m saying he has a problem. This guy is, I believe, a racist.”

Really, Mr. Beck? It’s funny how he says this but offers no proof.

“When I see a 9/11 victim family on television, or whatever, I’m just like, ‘Oh shut up’ I’m so sick of them because they’re always complaining.”

I have no idea how to respond to this. I would love to hear an avid Glenn Beck-ist tell me how this is okay to say.

“So here you have Barack Obama going in and spending the money on embryonic stem cell research. … Eugenics. In case you don’t know what Eugenics led us to: the Final Solution. A master race! A perfect person. … The stuff that we are facing is absolutely frightening.“

Amazing how stem cell research has helped to advance the development in treating spinal cord injuries, multiple sclerosis, diabetes, Parkinson’s disease, cancer, Alzheimer’s disease, heart disease, and more immune system disorders than I can name in one breath.

And there you have it, three reasons why you should be very careful while watching Glenn Beck, or just not watch him in the first place. I will admit (and I know this will be taken out of context and misquoted completely) that I do watch Glenn Beck when I can, because I love to listen to how much crap spills out of his mouth and how much he can warp and twist the way Americans think by injecting passion, drama and hyperbole into everything he does.

Don’t get me wrong: Glenn Beck is a great entertainer. As for a representative of the true American spirit? I think a comparison of his bankroll and yours can help you answer that question.

Oct 25, 2010
Listen

 

Corporations Pay Less Taxes Than You!

Welcome back to another episode of Lawsonry, as always I’m your host, Jesse Lawson.

Great show lined up for today. I wrapped up the last show saying I was going to talk about $2.5 trillion dollars that went untaxed, and I’m also going to talk about what the top u.s. companies are paying in taxes. If you haven’t already looked into this, you’re in for a surprise. Corporations pay far less in income taxes than you think they do, and I’m going to talk about how they’re doing it and getting away with it, and some different ideas floating around out there about how we can balance this tax system that people either love or hate.

First, let’s talk about a report that the Government Accountability Office put out back in 2008. The GAO is like the CSI of congress. They’re the ones who audit and evaluate government programs. In this report, they said that 42 percent of U.S. companies paid no income taxes for two or more years between 1998 and 2005. Fourty-two percent!

And it’s not just domestic companies, either. The report goes on to talk about 28 percent of foreign corporations, all of which have more than 250-million dollars in assets, and all of which are doing business in the united states, raked in $372-billion dollars in gross receipts in 2005 and paid zero income taxes.

That same year, about 25% of U.S. corporations raked in $1.1-trillion in gross sales and also paid zero dollars in income taxes.

Now, the lowest tax rate for corporations is for companies that make less than 50-thousand dollars per year. The lowest tax rate possible as a corporation is 15%. So even if we taxed that $1.1-trillion and $372-billion at the lowest tax rate, we still would have pulled in over 220-billion dollars in tax revenue.

And that was just 2005. In 2008, companies like General Electric were paying 5.3-percent… That’s almost 30 percent in taxes that they’re not paying. Now this should make you feel good – if you were married and your taxable income was less than 16-grand in 2008 – which, I have no idea how you would survive on that kind of income in this day in age – but if you made 16-grand in taxable income, you still paid almost double the rate of what General Electric paid.

So how do they do this? How does any company get away with this? Well, let me tell you that it is what some call a loophole in the tax system, and what I call a scam. It’s a scam because it’s taking money out of the American economy and putting it overseas into offshore banks.

Follow me on this. Let’s get away from GE for a second here and talk about a company that you and I are going to create. We create a company that makes cell phones and we operate all over the united states. Let’s say we post profits for 2010 of $300-billion dollars. Now, if we were a hard-working American company we would pay the marginal corporate tax rate of 35%, making our net profits after taxes 195-billion dollars.

This is how it used to be before companies started doing business multinationally and realized that their subsidiaries in other countries paid far less in taxes than the parent companies located in America. Once they realized that they can make a lot more money by outsourcing labor and production, they started putting parent companies in a separate country, doing business through its subsidiaries in the United States, and all those subsidiaries pushing their profits overseas and out of the American economy.

This sick part of it all is that it’s perfectly legal. There is nothing in place right now to stop this and it is exactly why everything around you says “manufactured in China”. The tax rates overseas are lower, the labor cost is lower. It makes me sick to think that it’s cheaper for a company to assemble products in a different country, ship those products to America, then sell them here than it is for them to build a factory in the United States and employ American workers.

Unfortunately, though, it’s true. Corporations aren’t held at gunpoint and forced to hire American workers. It would be nice if they would, but why should they pay Joe the cell phone builder 100-thousand dollars a year to build cell phones in a factory when they can pay a Chinese laborer $1-dollar for a day’s worth of work? They don’t even have to worry about walk-outs or people quitting because most of these places have their employees bunked up in a barracks right outside the factory, so they literally wake up, walk to work, walk home, and that’s their lives until the day they die.

So back to our cell phone company. We don’t want to pay so much money in taxes, so we push all of our profits out of our subsidiaries that operate in the United States over to our holding company in, say, Ireland. Ireland has a 15% tax rate for corporation, so now instead of only making 195-billion, we now rake in 255-billion.

It sounds like a wonderful thing, and it is, financially for businesses and that’s it! When consumers spend money on business products and services and those businesses push that money to offshore banks, it’s taking money out of the American economy! It’s taking money out of the hands of the consumers!

And this isn’t just one-sies and two-sies, this is a lot of companies doing this.  It seems like the only way they can make money is by outsourcing their labor and production and charging a huge markup for their products or services.

So, the big question here, is how do we fix this? How do we level the paying field in terms of taxation of American people and companies?

Well the first step in problem-solving is clearly stating the problem, so here it goes:

Big businesses aren’t paying their fair share of taxes.

I think that about sums it all up. Now, how do you get businesses to pay their fair share? I mean, they are already pushing their money offshore to pay less and less taxes on the money they have in the United States, so what do we target?

Well, one idea is raising taxes. Now, we’ll talk about the pro-side of raising taxes in just a minute. It’s the down-side that’s got people scared. People are afraid if we raise taxes corporations will just pass the burden on to the consumer. Now I don’t agree with this at all. I don’t. Even if companies raise prices on all the goods that are for sale in the United States, they will reach a point where their product markup will have to go down in order to cater to lower-income Americans – which, go figure, is more and more Americans each day.

It would be like if Apple all of the sudden was taxed on importing iPhones from China for sale in the U.S. Let’s say they were taxed X amount of dollars per phone, then another X amount for importing cargo to the U.S., which tacked on a total of $100 to the price of the iPhone. So their $300 phone just became $400. Will that change the number of sales for the phone? Not a lot, because everyone has to have an iPhone these days, but it will put a dent in Apple’s overall revenue.  Well what’s going to happen if we tax them more? They’ll have to offset that with higher phone prices, right? Well what’s going to happen when the phones cost $500 with a new 2-year plan? $600? $1000?

See, there comes a time when, if you increase the purchase price of a particular product, no matter how well sales had been previously, its price to value ratio will go way down and people will start to not be able to convince themselves that a phone that costs hundreds of dollars is worth the investment. Don’t get me wrong, with iPhones, laptops, and all the other things popping up left and right, people are easily convinced to spend a couple hundred dollars on something that they probably don’t even really need, but when the price to value ratio of a product goes off the chart, people just wont buy the product.  Period.

Back to the Apple analogy, if Apple decided to offset the new burden of higher taxes by “passing them onto the consumers”, guess what: Apple’s not going to have any business!

So please, think twice about saying that businesses will just pass on the higher taxes to the consumers. It’s just not rational.

Another big scare about raising taxes is just that – people don’t like the term “raise taxes”.  It’s sparks all kinds of hatred for a government body, brining up memories of the Whiskey Rebellion, Fries Rebellion, and even the taxes on Sugar and Tea that the British imposed on the colonies. Never mind all of the other stuff that went on around the turn of the 19th century. It’s these that have people scared.

Read your history books. Research a little. Raising taxes is not a “bad thing”.

People are always talking about the “way things were” and how, oh, these democrats just want to spend, spend, spend and not think about our forefathers and what they would do and what principles our country was built on… What I think proponents of keeping the current tax rates should consider is their own argument, and that is the history of taxation in America.

It was in 1894 that congress passed the first peace-time income tax, which was designed to tax only the wealthiest 10% of Americans because taxing upper class wealth wouldn’t hurt an economy that was already in a depression. During WWI former President’s Taft and Wilson had the top tax rate at 73-percent to help pay for war expenses.

After the war taxes started to settle again, here and there, and then BAM, World War II. Woodrow Wilson was president until 1921, and he and his predecessor, William Howard Taft, were thought to be true representatives of the people. Both contributed greatly to a program of progressive reform to bring America to a new level.

Then came Harding, 29th president, and after him Coolidge and Hoover. All republicans. From 1922 to 1932 the top tax rate dropped from 73-percent to 25-percent, right into the stock market crash and right into the Great Depression.

Then, Roosevelt, leader of the democratic party, was elected. The top tax bracket was raised from 25 to 63-percent and stayed there until 1936. Keep in mind that recovery occurred during this period when the top tax rate was at 63-percent. The revenues from those taxes helped to pay for public works programs that reemployed Americans that industries would not hire. Sound familiar?

Once World War two came around. Then the Korean war. Then the cold war. The top tax rate was up to 91-percent.

91-percent lasted through Truman, Eisenhower, and through the Kennedys – all of which were considered some of the post prosperous years in American history.

Then came Ronald Reagan, and Reaganomics. The top tax rate went down and since the start of the Bush presidency, the top tax rate has been 35%. It was this idea of “oh, don’t tax the wealthy… let the middle class bear the expenses if they want a decent standard of living.”

Now sharing the burden is fine, but a fair share of the burden. Look at it this way: when you do a personal financial assessment when you’re a young adult, you’ll usually be told to plan for anywhere between 28 and 33 percent of your income to go toward housing. So if you had a job working 40 hours a week pulling in 3000 per month, you should be spending about 900 in rent… That’s obviously not the case in most markets today, and which is also another reason why young couples are moving in together more and more these days, but that’s another story.

Anyway, back to my point. 33% of a middle-class worker’s wages goes toward housing, whereas someone who brings in over 250k per year with a 5000 mortgage will spend less than 2 percent. Do you see the problem, here? I’m not saying that wealthy people shouldn’t enjoy their money, I’m saying that the idea of taxing the little guy more in order to feed the pocketbook of the same country that the wealthy people are in is just wrong.

If you have more money, you should be willing to give more. Don’t be a philanthropist – I mean, unless you want to – but this great country has afforded you the opportunity of wealthy and happiness, and maybe it’s time to give back a little.

Do I want people to bear this burden of higher taxation? No, I don’t. I want the big corporations who are taking money out of the American economy and shifting it overseas so they don’t have to pay U.S. income taxes to bear the burden. Why are people being nickel-and-dimed in this country while others are taking their government bailouts and holding million dollar luncheons in the cayman islands? It’s just wrong.

Oct 25, 2010
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Oct 25, 2010
Oct 24, 2010
Eight False Things The Public “Knows” Prior To Election Day → ryking.tumblr.com

takethispolitically:

There are a number things the public “knows” as we head into the election that are just false. If people elect leaders based on false information, the things those leaders do in office will not be what the public expects or needs.

Here are eight of the biggest myths that are out there:

1) President Obama tripled the deficit.

Reality: Bush’s last budget had a $1.416 trillion deficit. Obama’s first reduced that to $1.29 trillion.

2) President Obama raised taxes, which hurt the economy.

Reality: Obama cut taxes. 40% of the “stimulus” was wasted on tax cuts which only create debt, which is why it was so much less effective than it could have been.

3) President Obama bailed out the banks.

Reality: While many people conflate the “stimulus” with the bank bailouts, the bank bailouts were requested by President Bush and his Treasury Secretary, former Goldman Sachs CEO Henry Paulson. (Paulson also wanted the bailouts to be “non-reviewable by any court or any agency.”) The bailouts passed and beganbefore the 2008 election of President Obama.

4) The stimulus didn’t work.

Reality: The stimulus worked, but was not enough. In fact, according to the Congressional Budget Office, the stimulus raised employment by between 1.4 million and 3.3 million jobs.

5) Businesses will hire if they get tax cuts.

Reality: A business hires the right number of employees to meet demand. Having extra cash does not cause a business to hire, but a business that has a demand for what it does will find the money to hire. Businesses want customers, not tax cuts.

6) Health care reform costs $1 trillion.

Reality: The health care reform reduces government deficits by $138 billion.

7) Social Security is a Ponzi scheme, is “going broke,” people live longer, fewer workers per retiree, etc.

Reality: Social Security has run a surplus since it began, has a trust fund in the trillions, is completely sound for at least 25 more years and cannot legally borrow so cannot contribute to the deficit (compare that to the military budget!) Life expectancy is only longer because fewer babies die; people who reach 65 live about the same number of years as they used to.

8) Government spending takes money out of the economy.

Reality: Government is We, the People and the money it spends is on We, the People. Many people do not know that it is government that builds the roads, airports, ports, courts, schools and other things that are the soil in which business thrives. Many people think that all government spending is on “welfare” and “foreign aid” when that is only a small part of the government’s budget.

Spread this list around, please. We have less than two weeks before people actually vote.

While this is more push and pull from both sides, I think it is a necessary thing to publish. I would like to see something like this on signs around the neighborhood. Or billboards. You might be on to something!

Oct 24, 2010495 notes
“

I give up. I fucking give up.

When I first started hearing right-wingers claim that separation of church and state is a liberal myth, I wondered why no one sat them down, shoved the document in their face, and made them read those three lines out loud. Now I see that it doesn’t matter.

Something like 30% of the country has gone mad. That’s the only explanation I can think of. This is not an exaggeration. They are literally standing there pointing at the sky and saying “the sky is red” and when you try to convince them that it’s blue and bring them a color chart and other blue things for comparison they stare at you blankly for a few seconds and then go back to repeating “the sky is red”. And even if you convince them for a moment that it is indeed blue, you were being condescending while you did it. So you’re an elitist. And therefore you’re wrong. The sky is red.

No, I’m done with the appeals to bipartisanship, the platitudes that we all share a common dream, that people are just frustrated with government. A country where this kind of thing constitutes mainstream political debate is not worth fighting for. I’ll stay on the coast where it is relatively safe, but I’ll be ready to jump ship at any moment. I suggest anyone with half a brain do the same.

”
—I’m fairly confident that Christine has just ended her political career.
Oct 20, 2010499 notes
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