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As we approach the new year, the clowns will begin dropping out and all begin to take a serious view over who can be our next president. By now a normal trend; it happens every four years.
The reason we have to put up with the clowns is because across all of America, there is gross disenchantment over the way things are. A gross enchantment so huge, that unifies both the extreme right and extreme left into a larger classification.
These two opposite sides actually have a common denominator. Both sides are both unhappy how the needs of real human beings are being trumped by those whom they have elected and trusted to serve them.
On the right it is the tea party types who are erroneously easy to dismiss as primitive forms of intelligence. On the left is its those who exhale in triplicate just to hear themselves breathe, usually with complaints regarding how good programs are not good enough to their liking.
Or so each are characterized by the other side’s talk radio hosts…..
But in reality, both have a deep love of the America they grew up under and see it slipping away by the minute. Both share the same vision that America needs to be great again, but simply differ on the approaches required to achieve that aim which can be characterized as such. The left believes we need to change somethings in our system of governing; the right believes we have to change individual people one by one.
The common enemy in both parties surprisingly is the bloc of moderates spanning both parties who compromise too freely against their parties values and who seem too prone to cater to business at the expense of individual constituent’s wishes and demands. Rather bizarrely, we three parties, if you include this business class in the middle of both and only when two of the three agree, does anything get accomplished.
In Delaware this is played out in the opt out movement where the Governor (business party) used his veto and the head of the House of Representatives (business party) shows no sign of bringing it up to be overturned.. Enough votes (Dems and Repubs) are present to do so, just little procedural matter is all that is now boxing up the two wings wishes…’
Nationally the same scenario is being played out in that all the candidates are the same except one. Only one candidate of either party is taking on corporate America. All the rest are fortressed and supported by Corporate America marking all the differences actually existing between them as petty and insignificant when compared to the pressing needs at hand.
No matter who is elected, we can have no real change over the next four years unless that one who is different and from Vermont, wins.
So despite all the banter our main stream media is giving us, (whose staff is primarily and pathetically reduced to snooping on Twitter and putting that up as “real news”), the real question emerging as voters begin to look seriously, needs to be: who will actually make that change that benefits me?
Only one. Right now only one candidate’s platform can make the huge changes required to wean America off its penchant for developing profits, and turn America back to work on developing its people. Which is what the extremes of both right and left believe need to be done.
Because behind all the arguments about trade, abortions, shootings, and economics, the real solution to making your life better, is to put more money into your pocket as well as the pockets of the rest of the 99%.,…
Because you really aren’t politically free, unless you are also economically free. For unless you can quit that job you don’t like, can’t stand, or hate, and quickly find another one, you are not free. If you have no choice but to work at that crumby job, you simply do not taste freedom.
Only one candidate’s platform will change that now; it requires raising taxes on the one percent.
According to Fortune estimates, on this planet global households together have amassed over $250 trillion in assets. The one percent now owns 50% of that which translates into their ownership of $125 trillion in net worth. If this net worth were conservatively earning 7% per year in interest ($17.5 trillion), and the capital gains tax were raised to 50% marginal levels only on this select group, it would pump a lost $8.5 trillion back into the economy per year.
This is money that could be spent on combating global warming. This is money that could be spent on making normal citizens earn more. This is money that could be spent on ending hunger world wide. This is money that could rejuvenate cities providing great future for ones youth. This is money that could be spent on education.
And this money is absolutely free.
For the $7.5 trillion taxed and reinvested through governments around the world will offer (at minimum) a 2:1 rate of investment, meaning that the $7.5 trillion taxed and spent will generate a yield a $15 trillion return on that investment. Which since the wealthy own one half of all wealth, this means they get to re-pocket $7.5 trillion which they just gave up. And if investment returns are higher, by ratios of 3, 4, 5, even 10, they make out big time. Win, win, win.
Right now, only one person says he will do this.
Compared to this sea change, none of the other little things matter. If that yearly $7.5 trillion dollars through increased economic activity, is averaged out to all the 7.5 billion of this planets dwellers (of course it won’t be), it actually gives every single person a $1000 dollar increase of money they get to keep… They will see it in two ways; one they will see part of it in expenses going down and part of it in salaries going up.
Only one person across both parties fields has the wisdom take on Wall Street now knowing that it gets more expensive to do so by each hour. OUT of all the candidates on both parties… ONLY ONE is not beholden to the interests of the top 1%.
You need to send him money, whether you’re a Republican or Democrat. Both party’s networks are thoroughly tainted by corporate money. But one person isn’t…
In 2002 we gave the top one percent a loan from the American people which was to make us all wealthier over time. They got their money, and kept it; we were polite and nice about asking for restitution. Apparently enough time has gone by, they think it is theres. Meaning, it’s now past time we called back our loan which we originally gave to the top 1% via the Bush Tax Cuts. …
One of the greatest tragedies the exposure the NSA has given America abroad, is its loss in the dream… We all have a dream losses in our lives. For some it is experienced when as the fathers we idolized growing up, somehow over the course of 4 years in college or the workforce, matriculate from being the source of all wisdom and goodness, into becoming just regular people struggling along like everyone else….
The USA experienced the same disillusionment under the Snowden leaks.
Our nation always propelled high ideals, and usually we were willing to back them up… Iraq could not take over Kuwait, (though we tarnished that ten years later when we tried to “take over Iraq” but now are out.)
The Soviets always tried to paint us as a capitalist nation, an imperial power using economics as opposed to force, but the power of our good people always thwarted that message and annulled it’s impact… We couldn’t be as bad as the Soviets said, because “look at all the good America was doing, and how richly everyone lived over there… Factory workers over here could afford cabin cruisers for heaven’s sakes.
What Snowden showed was that the We, The People are no longer in control of this government’s policy OR actions… Instead we had a government saying one thing, and a shadow government doing the opposite… and all that it did, was not just for its self protection… It was for its corporate protection….
Listening in on German chancellor Merkel’s phone conversations really has no solid reason inside our relationship. We are good friends. However it does have great importance in the worlds of investing or competing with trillions of dollars of European money… What are her plans? How can our investment community turn that into cash? These are extremely useful pieces of information, and investing in the obtaining of such, would be a very wise course of action if takenwith in the limited context strictly inside that frame….
One can trace the chilling of the warmth of the US-Soviet relationship to Snowden’s defection and asylum in Russia, June of last year. These things are done on a quid pro quo basis, and everyone is well aware that Snowden is only in Russia, because it is better for the Russians to keep him safe there, than turn him over to the US authorities….
The true picture of the NSA’s release and further actions they took after that release, does indeed cast truer fears that the American nation is not being controlled by it’s people… That a cabal inside the government is operating freely on its own, using the conduits of information as its unlimited fiscal source and to create situations out of manipulating that medium… The idea that this could exist were rare and ethereal before the initial Snowden releases. But since, the possibility has become real. And the cabal would never have to become known. By creating the context of events, they could control the outcomes… By making dissent invisible, they could corral popular opinion to follow their whims…
All I can say to anyone detracting this as a complete impossibility, that propaganda is incapable of bottling up truth for any length of time, is to remind them that when Stalin died, everyone (still living) in Russia thought he was a god. A wonderful, loving, benevolent and caring man. Don’t believe me? Look it up… Controlling information can do amazing things.
But to the shock of Putin and the Chinese, the Snowden releases showed that the President, and Congress, and our bureaucracy were wimps at the hands of corporate dollars. That a illegal request to infiltrate computers of a Brazil oil company in order to find the high yield offshore oilfields prior to the official bidding, would be fast tracked. That listening on Merkel before a bond deal for Greece, would be done to satiate the whims of the big investors.
That our entire Federal governmental structure is pawned to big money is something our Supreme Court just made even more believable with its bizarre McCutcheon agreement lifting caps on unlimited campaign spending. further benefiting those responsible for all these international illegal actions, and hindering further progress by Americans set against such behavior…
It is really hard to hate the American people… Not even Muslims can do that effectively.. But it is every easy to hate American corporations that have no qualms with devastating a third world nation, then when money is gone, pulling out with no sense of responsibility for the damage done.
What Snowden did, was to expose that was really the truth behind the American dream… So much that when we say America is for democracy, … around the world, the global audience says…. yeah, right…
Taken from within this context of inside knowledge, Putin’s moves in Ukraine now make a great deal of sense as a solely defensive action… What if the entire Ukraine disturbance was indeed pushed forward (in Reichstag fashion) to create a crises punishing the Russians in the East? Put it this way,…. before Snowden, that would have been deemed preposterous…. Now it has to be interpreted within the context of: “wait a minute, these are the people who listened in on Merkel’s cellphone.”….
The real global problem in the world today, is this unlimited wealth against which no one is safe… Would anyone of us turn down a billion dollars for one or two seconds of work? Especially if done in secret and no one , no one could or ever would even know?
Believe it or not, the global solution is to raise their taxes… When any excess money earned is going to be sent to some government somewhere, the incentive to use all this unused money in illegal actions to make more, disappears… Instead of gambling big money on a price’s rise and fall,… hiding it as an expense by investing in real physical capital becomes the prime option to maximize wealth, one which will benefits us all… Raising tax rates marginally to higher heights on very, very, very big money, is a policy change that turns the wealthy from being the bad guys, into the best human beings possible…..
You will probably hear about this later, but only if the corporate media cannot keep it under wraps. Al Jazeera right now, is the only major news source showing up on the top 4 search engines running this Associated Press story regarding a quiet news dump made by the IRS. First question: Why Al Jazeera? On to the news dump….
- The top 1 percent of U.S. earners collected 19.3 percent of household income in 2012, their largest share in Internal Revenue Service figures going back a century.
- Until last year, the top 1 percent’s share of pre-tax income had not yet surpassed the 18.7 percent it reached in 1927,
- The incomes of the top 1 percent rose 19.6 percent compared with a 1 percent increase for the remaining 99 percent.
- 95 percent of the income gains reported since 2009 have gone to the top 1 percent. That compares with a 45 percent share for the top 1 percent in the economic expansion of the 1990s …
- The top 10 percent haven’t done badly, either. Last year, they captured 48.2 percent of income, another record. Their biggest previous take was 46.3 percent in 1932.
Just to see how you compare, the top 1 percent of American households had income above $394,000 last year. The top 10 percent had income exceeding $114,000.
What you can do about it?
You can promise you will never vote for anyone who will give a tax cut to the top 1%. Ever. This is not a party ideology thing; all three parties are guilty. This is a real thing affecting you. Just looking above at the simple comparison between today and the nineties should readily tell everyone that our current tax rate on the top one percent is 50% too low…
It is so obvious that all our personal and national financial troubles come from all the money being sucked up by the 1%…… Stop that, or recycle a lot of it back, and America gets back on its feet as with a shot of adrenalin…
We need to shut down all talk of tax cuts for the wealthy… Any tax cut benefiting the one percent, is a very, very, very bad thing. Facts almost hurt you when they hit you in the face; it is impossible not to see otherwise.
Which is why; since all American news sources are owned by the top 1%, you won’t hear this Associated Press story on any other outlets, unless you post it yourself on your social media, and it goes viral….
Do it.
Bruce Ennis put forth a bill (SR8) requesting Delaware go forward with formally supporting Glass Steagall re-implementation by the US Congress.
Bryan Townsend kind of came out against it. Here is Nancy’s copy of his emailed response to her.
One must understand all legislative members in Delaware are somewhat compromised. We are a banking state. In the words of Gov. Howard Dean, MD. himself… ” Any candidate who challenges Wall Street’s status quo is going to come under an avalanche of hateful attack ads this year –“
So there is considerable reason not to be an ardent Delaware fan of the return in 2013 of Glass Steagall….. One must give the courageous Bruce Ennis a plug for being one.
But it makes so much sense. There are times in our life when one can willingly chose a very risky path of action which will occupy 100% of ones attention, as in driving a mountain road along the cliffs in Montenegro at over 100 km/h. Or, we can choose to put ourselves into a safety bubble, such as cruise control on a major interstate highway, and relax and enjoy the other things in life, since all our effort is not involved on monitoring what otherwise could become a life or death scenario.
I have read Mr. Townsend’s statement and it is accurate. However my criticism is that it deals with banks. His and our responsibility is to the people whose money is in those banks. And who are on the hook when those banks fail.
The FDIC insures deposits now up to $250,000. It should not be responsible for funds placed in hedge funds, As Elizabeth Warren accurately stated:
If we are going to insure the people’s money, it should be kept in safe investments. What point have we in insuring by default hedge funds, swaps dealing, and other risky investment banking services. When the same institutions that take huge risks are also the ones that control your savings account, the entire banking system is riskier.
The funds for checking and savings accounts of America’s families and businesses, should not be handed over to the London Whale. If a crash occurs, and the money is safe, then the losses are only on paper. But when yours and my monies are in Bangledesh, China, or Antarctica on some risky get-rich scheme, and fail… our tax money needs not be thrown away because our American Banks were involved.
Banks cried the economy was safe enough for the repeal of Glass Steagall.. History showed them wrong. Even the most vibrant time of economic growth ever seen in America (92-00), could not prevent the collapse 9 years later after 8 years of Republican control..
The only way to keep citizens money safe, is to insure it. We are lucky we have a rich nation which can do that. We barely survived the financial collapse of late 2008. Our employment numbers still show the cost.
Yes, one can take the bank’s side and say things were different in 1932 than they are in 2013. But doing so, puts one in contrast with what is best for We, the people. The simple solution is to make it clear to all, that the FDIC will only insure safe investments used for checking and savings accounts. For risky investments banks are on their own. For them a bank must use other funds it can easily afford to lose if it wants to play at the crap table… It should not be throwing our money away because it assumes the taxpayers will simply replace their losses for free.
We should not be in the business of arguing what or what not banks should or should not do. They can do that within whatever parameters we choose to give them. However our concern is simply over how much we should insure. The new Glass Steagall Act of 2013 will make that clear.
Two big tragedies last week. Two bombs go off in Boston killing a total of 3 people, and a quirk explosion in West, Texas, demolishing a fertilizer plant and killing 14 for which we can find bodies for, and leaving 60 people still unaccounted …
One got unlimited media attention; the other a passing mention.
One shut down our 22nd largest city. The other will be investigated at some future point.
The differences are intriguing.
The Boston Massacre was a textbook case of how to find a bad guy. As Steve notes here, we’ve been planning for an event like this a long time. Homeland Security produced an army to “invade” Boston in order to find the perpetrators. They shut down transportation, and went door to door. Ironically, despite the effort and expense it was luck that gave them their men. The initial dragnet missed the one in the boat, and only when the curfew was lifted, did the boat owner find him and alert authorities.
What was Boston’s cost? Well, add up fuel for all the vehicles, armored cars, and helicopters. Add up all the overtime pay for police, fire, ambulance, and the para military troops brought in. Add the economic cost of shutting down the 22nd largest city for a day… It’s so big, I can’t even guess. We’ll have to wait for the number crunchers with receipts actually in their hands. But particularly with including the economic cost somewhere near a $billion, that means we spent a billion dollars to catch 2 people that were really caught by a) being run over by the other bomber, and b) a man stepping out for a smoke….
But we still, … cost ourselves a billion dollars….
Now. Texas. We had a combined 24,000 gallons of anhydrous ammonia and ammonium nitrate. It wasn’t required to obtain a state air emissions permit because it was so old. In 2004 they were supposed to come up and get reauthorized by the Texas Commission on Environmental Quality. “They failed to do so.”
Federal documents say the plant did not have required security and safety plans in place. the EPA fined the plant more than $2,000 in 2006 for failing to update a risk management plan. In response, the site’s operators told the EPA that the plant posed no risk of fire or explosion. The worst case, plant officials said, would be a 10-minute release of ammonia gas that would kill or injure no one.
The EPA also found that West Fertilizer did not have a formal maintenance program and that its employee training records were poor. In addition, the plant was found in violation of key security measures by the U.S. Pipeline and Hazardous Materials Safety Administration. The agency discovered that the plant had planned to transport anhydrous ammonia without making or following a security plan. Last summer, regulators fined the plant $10,000, then settled for $5,250…. And now we find the fertilizer had 1350 times the legal amount of fertilizer material than it was allowed….
Was too much money spent by government leading up to the explosion? Or too little? Were we lulled by a litany from the Texas Republicans that companies could police themselves, and that we didn’t need to spend any money on regulations and enforcing standards? Of course we were. It all started by that guy who once owned the Texas Rangers, who said he would “cut taxes”…
Since we cut taxes we have had multiple issues. And since that time when taxes first got cut, it is easy to see our successes all come about when we, the United States Government, spends money lavishly… When we cut back, we get nothing but trouble with a capital “T”….
So our success come when we tax and spend. Our failures come when we cut taxes and fire, close down, and destroy jobs.
There comes a time when profits get so high, that hiring new people bites into them. WE have reached that point. Corporate profits have never been as high as they are today. Yet we have 15 million underemployed. The hard way to fix it, is to force businesses to hire more people they don’t want. The easy way is to tax some of that profit that certainly is not necessary for the businesses’ survival… I mean corporations have lived on less since the beginning of time, then hire an inspector who has the authority to close a Texas fertilizer plant when it flagrantly defies the law.
America needs to accept this is how it has to be.
We need things done! Eight years of Bush’s neglect plus the 2 years of having the Tea Party corral Congress, has severely damaged America! Putting America back to work, and boosting sales to corporations who benefit from all new economic activity, and using those workers to fix what is broken in America, is a win, win, win situation…..
So at what level should the assessed tax be? It appears that since incentive is a huge part of capitalization, the level of taxation needs to be below 50%. Simply put, if I invest $1 million and lose money on that, what was the point of the investment? Therefore, it appears that after a certain income level ($5 million?) taxes after all deductions should be around 40% of all income earned. If you have too much money, keeping 60% is certainly profitable. ;
Considering our current situation, a) a thriving economy, b) a current 40% tax rate on the top 1%, and c) still high unemployment, tweaking the tax law towards deductions, so that deductions only started after the first 40% got paid, might be the silver bullet that our nation needs, one which will cut the deficit, hire the unemployed, and use both to rebuild America.
We need more money, and we have to get it. Period. All future American successes depend upon it…
Why you have to do a reality check everytime Gingrich speaks……
Gingrich quotes describing President Obama as the:
“finest food stamp president in American history” because more people will end up getting government aid than new jobs.
Fact: George W Bush followed Newt Gingritch’s plan while in the White House.
Fact: The best remedy for less public assistance, is more jobs.
Fact: During the 8 years of George W. Bush, there was 0 net job growth…. Zero.
Fact: Under Obama’s tenure, 2.9 million new jobs have been created, (get this) in the private sector.
Truth. Gingrich’s taunt works better against his own policies. They certainly don’t apply to those of President Obama.
Bottom line; If you want more welfare and public assistance, vote Republican.. If you want jobs, vote Democratic.
History is all the proof you need.
This story is making it’s way up the charts… It is about the perils of navigating the private insurance labyrinth, being kicked out, and finding salvation in what?…… A government run Health Care Program.
Bottom line… Private Insurance ain’t what it was under Clinton’s 1990’s… If you haven’t gotten sick lately, then talking smack about Governmental Healthcare, makes you a stupid-ass hypocrite.
Bottom line.