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One of the denizens over a Kilroy’s decided to jump into an economic argument throwing pies.

In the process of us demolishing his ignorance all of us realized he’d never been taught how corporate profits work. It then occurred to some of us that perhaps some of the reason the really “common-sense” arguments of how to “make America great again” have not resonated, is because perhaps a lot of you out there also don’t know the real shape things are in either….

This is not a screed. This is just a demonstration of where things are… using data and charts that are very easy to find only if you know where to already look (FRED) and very hard to find if you don’t know where they are…

We’ll start with a parable…..

Once upon a time there was a family whose last name was Quintiles… A little larger than average they were nuclear with a father who worked, a mother who also worked and 3 children spaced roughly 3 years apart…

The mother went back to work when her first child reached teenager status. They had unlimited food… All they ate was pie (there is a joke there). As the children were growing up, the mother portioned out the pie for all so all could get enough to eat….

When the mother went back to work she taught her oldest to put the pie in the oven and feed the children while leaving two pieces for the parents when they returned home.

He was to divide the pie into five pieces and give everyone their share… For a while they monitored the portions closely then seeing no issue never looked at it again. ..

Over time the portion being retained by the teenager gradually grew in size. After all he was cutting. The children couldn’t complain. And the parents never knew because he left portions for them that were consistent.

The smallest got it worst.. Being small and weak he lost the largest share of his portion first. After getting used to living on that bigger piece, when desirous of more pie, the oldest then began sliding the knife inward on the middle child’s portion… It got smaller and smaller.

Then he begin trimming Mom and Dad’s. who were really too busy to notice or care. In the end he was eating half the pie, and the other four were sharing the other half….

One day, the littlest one complained. Then the other four noticed they too had smaller portions. They banded together, and re-arranged duties so the first child now carried out the garbage and the other two children got to rotate pie cutting duties…

They all had enough food forever. However the oldest one threw a fit.. “Not fair”, he cried… “You all get more food, and I’m losing it… This is Socialism”. Eventually when his pleas had no listeners, he too shut up and was content with his “never-ending” piece of pi….

The end.

What does that mean you say? Master, please explain…

Ok.. so you may be clear. The family is American society. The earners are the American working class who earn and buy things that fuel the economy. During Conservative rule, the American people elected to let corporations be what run our government and by extension, our lives… They were put in charge of the government and for a while it was nice. Then they started wanting more. With no greater force to stop them, they took more and more and more.

Everyone else got less. They got more. Everyone else’s pie got smaller and smaller though the entire pie stayed the same. Those with smaller pie pieces were given a litany of excuses including saying they had no choice. Hard times were upon us. But no one was looking at what they were getting as they made our lives more miserable.

Finally the bottom class said we can’t live on $7.25 an hour, and the conversation got started. Everyone realized their portions too had decreased, and that all that decrease had accumulated to the pie of the ones who’d been appointed to do the cutting with no supervision or regulation or negatives for doing wrong.

They got together, changed the rules, forced the recalcitrant child to obey, and he screamed “Socialism”… and threw a fit.

The fit was ignored and the tantrum stopped. The child ended up being happy getting enough to live on as was everyone else…

Nice story.. you said something about charts?

Corporate Profits

This is the chart showing time since we began keeping records.  Notice the gradual increase in the inclines in the Clinton years, steeper in the Bush years, and steeper in the Obama years.

Even looking at this chart can be misleading.  For example in the Clinton years the rising tide did raise all boats.. Corporate profits rose because every level of income also rose, from poorer to richest.  Anyone living during those times of higher federal taxation did better each year than the year before.  But, with the cuts of the Bush era, the benefits only went to top earners, something Obama was not able to change with the Tea Party holding down both houses  and tax increase on the wealthy, during his term…

So a better guide would be the ratio of Corporate Profits (CP) to the total pie (GDP). This would show the how much corporate profits were taking of the finite pie.

CP Over GDP

The thing to remember when viewing this is that America’s middle class’s greatest times were between 1950 and 2000… The chart shows why.

The numbers on the left stand for percent of the national pie… At Bill Clinton’s swearing in, the national pie was divided 5% to corporations and 95% to the people. Today it is at 11% for corporations versus 89% for the people….

We, The People, under the new rules written by the corporations, for the corporations, and of the corporations, have been squeezed out of 6% ….. (6% which now mostly goes to  the top earning 16,000 people)

Currently our GDP is around $18 trillion dollars a year…. $18,000,000,000,000.

Six percent of that (amount originally ours but now corporate’s) is roughly $1.1 trillion… At a 150 million of us working that averages out to an rough income loss of $7.333 per worker…

Would you be ok with $7,000 more per worker in your family?  $14,000 more PER YEAR in two-income families?

That is what happens when you move $1.1 trillion from Corporate profits over to employee income.

Let them scream Socialism on deaf ears. We know it won’t hurt them, it’s all bluff, because we know they were doing quite well when they had far less profits…

So if you don’t have enough to live well, don’t blame Mexicans.  Don’t blame those on SNAP.  Don’t blame Muslims. Don’t blame inner city inhabitants. Don’t blame Obama. Don’t blame the Supreme Court.  Don’t blame anyone except those who are entrusted with the cutting of the pie you are to get…

Right now, that is Republicans in Congress and those lobbyists handing them laws to be passed…

The only way it changes is for all to gang up and make the change… Only one candidate is unbought and offering to do that.

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Most Republicans smoked dope in high school. Some libertarians did also.  Democrats, maybe, but not so much. Therefore in America at least 47% of the voting public in General Election years, and 51% of the voting public in off-years, is ignorant about American History… The important stuff.

America was founded on freedom, and whenever that fails to work well, our law making bodies add a regulation… Regulations like everything else can be bad or good, but for the most part, the regulations we do have all had to be voted into being by a widely diverse group of people, and therefore there is probably some good reason we have them.

With Dodd-Frank, the reason is obvious.  But Republicans seem to have forgotten both crash deregulation brought on, and their catastrophic loss of both chambers of Congress and the Presidency because of it.

Dodd-Frank simply puts a limit on gambling… No, you can’t bet your domicile at Delaware Park.  No, you can’t sell your car there and bet it on roulette.  No you can’t put your kids into prostitution to feed your gambling habit.

We have to regulate things like that. Otherwise if we don’t and someone does them, they can keep doing them without a law to stop them.

That is why the idiocy of cutting regulations is just that idiocy.. Perhaps I can grant that with Google now, we can search and find perhaps one or two regulations that would benefit society if we removed them.  But they certainly would not be in Dodd Frank.

Those are there to prevent what happened in 2008 from happening again…  That’s impossible you say… It was 80 years between both Great Depressions… That is a lifetime… Nothing happened in between!

Exactly,! Because laws like Dodd-Frank were held in place which limited the amount of our money one could gamble. Two bills repealed that oversight and bam, in 2008 we were in crises.

And now, we want to return to the instability of those years prior to the Great Depression of 1932?

The Great Recession was solely the result of an economy built on overextended consumer credit and risky mortgages; the crisis began in March, 2008 as investment bank Bear Stearns became the first of dozens of major American institutions to fail or be bailed out by the Fed. Bear Stearns would soon be joined by AIG, Lehman Brothers, GM, and Countrywide, to name a few.

Some regulation are on the books for a reason… such as regulating derivatives.  While derivatives were regulated, gas stayed at 99 cents a gallon for 8 years… Remember that?  And just as soon as we deregulated Derivatives, it climbed all the way to $4.25 a gallon before the collapsing market dropped the price down to real market, which we shockingly discovered was just $1.70 a gallon.   The Dodd-Frank regulation on derivatives has returned us again to low prices (faster due to help from our Sultanic friends in the Gulf),

And as soon as it gets removed, the hedge funds buy it low…. wait and sell it high…

We played this game before:  the year 2000, the end of Clinton’s term. The spending bill passed in September were held up through December in conference committee by Sen. Phil Gramm.  The Omnibus funding bill that year, had a rider that deregulated all derivatives from government oversight.  Over those 4 months leading up to passage, parts of the government had been officially unfunded.  Government employees wondered if they could even spend for Christmas.  Finally on the very last day of that Congress. by a voice vote only seconds before adjournment, all conference committee (Phil Gramm) changes were approved and the bill got sent to Clinton.

Unfortunately he signed it… and we paid those hedge fund investors a lot more than we should have been paying for our gasoline. Up to $2.50 on every single gallon!  We also sold bad mortgages as derivatives, world-wide… and when those mortgages failed (as we knew they had to), the world economy collapsed.

We should not make the same mistake again. We really cannot afford that same mistake again.  With hindsight, a new democratic Congress would have been sworn, and could rectify that before Clinton left office… But tired and in the last waning days of his presidency, one cannot blame him for not doing so.  Who wants to end with a pie-fight?

And I’m sure it seemed like a good idea … up to 8 years later.  But is was wrong. It was dumb, and we paid dearly for it. How we paid dearly for it…

Veto the changes, and then see if they can find 70 Senators willing to go on public record while all America is watching and screw over the American people.

Removing good regulation will be our downfall.. Don’t let that happen.

In 2011, 46.2 million people in the US were living in poverty and the nation’s official poverty rate was 15 percent, up from 14.3 percent in 2009, according to the US Census Bureau. That figure appears to be the highest number seen in the 52 years for which poverty estimates have been recorded…

The predominant face of the poor is white.

Economic insecurity among whites is said to be more common than is shown in the government’s poverty data, engulfing over 76 percent of white adults by the time they turn 60..

Economic  insecurity approaching 76%….. How does this end the middle class designation?

Let us review what is the middle class.  It is the class in the middle… Start and stop points and change depending on who want to show what, but for the most part, the middle class would have a center point around the 50% margin… Hence: middle class….

10%     20%     30%     40%     50%     60%     70%     80%     90%      

                            XXXXXXXXXXXXXXXXXXX 

Sort of what you’d expect… the area above the poverty line and just below the rich……But based on current data now released from the Census Bureau, (and this is no secret to people in public schools) over 80% of America has been at or below poverty levels in its lifetime… It really doesn’t matter when.  You could be financially stable through your whole life and then get termed at age 60.  The effect is the same. You could face 50% age group unemployment right out of college and use odd jobs and part time jobs to stay alive. The effect is the same.  The mark today is that 80% face economic insecurity.  Can we just call that poor?  Isn’t that the definition of poor?  Someone who doesn’t have enough to be secure in today’s society?

Therefore if we take the middle of those from where the poor end at 80%, then we get a middle class graphic looking like this:

10%     20%     30%     40%     50%     60%     70%     80%     90%                                                                                                            XXX

This is the official version of today’s America rendered by the US Census bureau…. Times have changed…

Compare that to where it was under Bill Clinton in 1999 before Republicans took over….

10%     20%     30%     40%     50%     60%     70%     80%     90%     

                             XXXXXXXXXXXXXXXXXXXXX 

No offense to my Republican friends but this (which sad to say is exactly what I predicted in 2000), is what you get when you don’t tax progressively. We now have only 2 classes; The 1%  and the 99%.

The fix? Is to tax the top 1% who can well afford even a purely theoretical 100% taxation without hardship, and use that money for jobs…. Just jobs. More government contracts.  This is America’s quick answer… and it must be decided in this election 2014 that we will take it.  Against all odds, we need both chambers in Democrats’ hands., not for Democrats, but for America. It’s the only way is to defeat Republicanism… We are not talking individual candidates.  We are talking about a philosophy that stresses the lazy poor 80% must continue to suffer even more to pay for the one percent’s excesses, and not as it should be, … the other way around…

 

 

 

Take two examples….

Dr. Ringo and John Beatle are a dual income family well on their way to securing the American dream… Ringo graduated in 2008 and John graduated in 2009.  They were married in 2011 and currently share a modest apartment.  Ringo earns $79,000 as an new doctor in the Christina Health Center, and John went in to partner with an older doctor up near Naamans Road in Brandywine Hundred.  He lists his income bertween 80 and 100 thousand, and we’ll average it out as $90,000 per year… Together their gross income this past year lines up at  $169,000.  Their net, after taxes averages  $109,000 per year or $9,000 per month…   not a shabby income. 

But they pay loans. 

John’s educational loan payment is $1340 per month, and  Ringo’s is $960 each of the 12 months… Together they each write out checks $2300 per month… Their leftover income  lies around $6400 per month….  Two cars take out $1,000, their city view apartment takes $1300. their utilities $500.  Insurance $300,   What’s left?  $3,300 per month… That alone equals a family income close to $40,000 per year…  still not shabby.. so what’s the point?

 

Now take Mick and Keith Stone, a married couple from moneyed families.  They went though college and law school on parent’s money.  No bills… Mick or Mickie as she is commonly called, works at Morris and James up on the 16th floor of the WSFS building in international investment law.  She makes between $80 and $100 K per year. and so we will round that to $90,000… Her husband Keith, is an district attorney in Wilmington.  He makes $79,000 per year. Together their income is  $169, 000 and after tax their net is $109,000…. They have almost the same mandatory expenses as the Beatle family and after similar expenses, they have $5,600 per month… 

The barristers Stones put $2,300 down each month into savings to buy a new house….  Over two years, they already have $55,200 saved up, and next year they seriously plan to house shop with a down payment of $82,800…  So what’s the point?

This battle of elites illustrates one thing; how our economy is not living to its full potential due to massive amounts of college loan debt.  These examples too rich for your blood?  Then drop the incomes down to the levels of the average professional; cut each person by $40,000 or $3333 per months… The first couple is flat broke.  The second couple still has $2200 left over to live on per month, but not enough to put into savings.  Their checking account rises and falls with spontaneous purchases. 

Here is the real problem:  Track it over the 30 years length of the loans…. The Beatles have after 30 years, nothing.  The Stones after 30 years, have extra wealth strictly left over from salary, of $828,000 assuming they put it in a mattress. More likely it has grown by 7% per year… or $2.7 million…

College loans aggravate the inequality gap.  the only way to get rich in America is to come from rich parents… With everything exactly the same except for the payment of college loans, one couple has $2.7 million after 30 years… The other still living month to month… if one starts his professional career at age 25… one’s loan at 30 years termed, end when he is 55… Too late to start saving for retirement… 

The fix…. 

 

Here are the ways to close the inequality gap.

  • Forgive the loans
  • Forgive the interest
  • Tax the wealth

Options one and two are out.  Remember that most pension plans (some are still left) insurance funds, and stock options are in the entities holding these loans.   

Option 3, .. if that money was taxed on the last couple (The Stones)) but not on the first (The Beatles)  then, over a period of time, there would be equality when the loan payments finally ended…  One would not have an unfair advantage over the other.

Multiply this across the entire spectrum of students holding $1`trillion dollar in debt… a debt now too big to fail, and you get the picture of how our economy was mortgaged out to big banks long before young people could even afford traditional  mortgages…

If we simply taxed the second couple an additional $2300 sort of as an equivalent of the loan payment they currently didn’t have to make, then playing field would even out.  Only then, could the hope and promise of America then return. . 

(Keep in mind these examples were from America’s best occupations.  College loans currently keep large numbers of working Americans still below poverty levels..)

 

 

 

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Yet 60 votes were needed.  Proving once more we need a filibuster proof Senate where the majority does not get undercut by a minority…..  Deadlock continues in the worst Congress ever… as usual.

Hung up at 58-39  the final vote was cast by,,,, Harry Reid, in the negative… making it 58-40…

A procedural vote to end the filibuster was undertaken immediately thereafter.

This is brief.

One can make all types of distinctions to explain things in simplier ways.  The best way to understand politics is to acknowledge that the two groups fighting each other over everything, are you, all of you, the people, and the interests of money, supported by all those who are supported by big investments…

So at every junction of domestic politics, we have to consider how a plan or action affects a) those who are people, and how it affects those who are business.

Business versus the People.  Obamacare, Taxes, and Israel.

Now take Obamacare.

Obamacare is good for the people. Not so good for those making money.  But if you are a average person, it is kind of hard for you to get to a microphone now isn’t it?  It is relatively easy for a business type to garner one.  That helps explains how all the talk is over how bad Obamacare is.  Because, face it, it is bad for those charging too much for you to get sick.  But if you are the ones on the buying end, it is good for you if you get sick.

Likewise higher tax rates are good for the majority of people. They create jobs, they cause money to flood into the economy in their dodge from the tax man. They cause ones wages to rise, and cause purchasing to increase…  They cause building and construction trades to boom.  Unfortunately they somewhat cost the financial world in commissions.  People have to put their money into factories now instead of commissions arising from the buying and selling of financial packages… But it is hard to get a microphone to express your view of a grateful public.  It is easy for an advertiser to demand air time for his cause, after all, “he paid for this microphone.”

Israel.  One must realize that Israel’s existence creates an world’s most expensive arms market involving Jordan, Syria, Lebanon, Egypt, Saudi Arabia, Iraq, That is huge money for America’s defense industry as well as those of other nations.  However having peace and cooperation in the Holy Land would be far better for the American people. Just think: no terrorism. Telling Israel to stand down, would benefit all of the American people; doing so would cut into the profits of those arm’s dealers who readily exploit the fear of both sides to get supply contracts signed.  No fear; no contracts.

This explains the great disconnect from how you feel, and how America actually is… That gigantic gulf between the two is due to the fact that our media, you don’t matter as long as they can tell advertisers that you are watching.  No one cares what’s best for the people.  They matter now, only money matters…

So do something.  Don’t vote for anyone, Democrat, Republican, or Independent who puts the interest of (compounded) interest, over his interest in you… And stop watching any MSNBC, FOX, ABC, NBC, PBS, OR CBS NEWS….  There is a much better source of news and you can do other things, like drive, while you are listening…..

1.  Increase Taxes on Top Echelon at a 60/40 split. They keep 60; they pay 40.

2.  Allow capital improvement inside the geographical USA to be written off the year it is expensed.

3. Return Federal Jobs to levels before 2008.

4. Return State jobs to levels before 2008.

5. Return Local jobs to levels before 2008.

————–

The arguments have been long expounded as to how, as to why, and as to the details of when.  I’ll save time by not repeating them. …

Every county in America would get a jump on their own unemployment immediately.

Deal is sweetened by stretching pension plan payments for big business and is down to 3 month of extension. The Bill not only pays for the $6.4 billion price tag but also reduces the deficit by $1.2 billion.

There is no reason for Republicans to vote against it, except to screw the middle class over one more time..

Check back to see which choice they make….

In 2012,…. 21.8% of all people under 18, lived in poverty, that is defined as a family of 4’s income under $23,050 (total yearly income)..That comes to under $443 per week. …

One in 5 children across America or 21.8%, live like that.   (More than a majority of Americans (58.5%) will spend at least one year below the poverty line at some point between ages 25 and 75.)..

The ratio is one in five.  In a class of 10, two students will be attending from a home under poverty.  In a class of 20, four students will come from families living in poverty.

Below is childhood poverty tracked across 53 years starting in 1959.

Image

Whatever we did from 1965 to 1979, we need to do again… See the low dip on the chart?  Our current high level of poverty is very near the record, with one major exception.  Unlike all other peaks we have plateaued at this bubble’s highest amount.  Notice how in 1993 and 1983, the same levels were reached under those two presidents, but quickly descended thereafter?  Since the election of the Tea Party Republicans to Congress, for the first time, poverty has stayed steady at the high water mark, for over 3 years in a row..

As soon as President’s Lyndon Baines Johnson’s War on Poverty took effect (50 years ago) child poverty declined until Reagan cut taxes in 1981… After he raised them back in a now famous agreement with Tip O’Neil, as the economy grew, childhood poverty fell.  Again after Clinton raised taxes in 1993, the poverty level dropped over the rest of his term, until George Bush and the Republicnas cut taxes again… Since those taxes were cut, the childhood poverty level has risen to the record levels it is near today….

Tax Cuts have repercussions that extend far beyond the wealthy getting more money back in taxes.  Higher tax rates boost the working economy; lower tax rates shred it…….

It is imperative that tax rates get raised as quickly as possible so this current plateau, the first 3 year one ever, the one created by the inaction of Congress because Republicans put the Tea party iin control of hte House…begins to drop down the other side.

Time is running out.  like global warming there will be a critical point we know is coming but where it comes we can’t predict.  The same urgency and fear need applied to childhood poverty and education’s role in helping end it…

As with every year there are lost opportunities and lost grievences…  Some things that have bothered us, disappear.  Somethings that have bothered us, don’t….

This year was no different, and yet, it was very different…. If one asks oneself what was the greatest factor involving the entire year, then pulls back layer after layer until he gets the full perspective,  I think he comes to a surprising conclusion….

This year, 2013 was the tipping point.  We realized we are a third world nation when it comes to the proportion of wealth across our population….   Like global warming, this disparity was first proposed long ago.  Like global warming it was argued by the power brokers that such a proposal was only a crackpot’s theory;  it gradually gained momentum….

2013, brought that home…. In 2013, we had the party of the Teas, vote against giving New Jersey relief for Hurricane Sandy, and vote themselves relief when a little hail landed in their district…. In 2013, we had government shut itself down to stop Obamacare, then open itself without creating any change at all.   In 2013, we had unemployment benefits cut, then reinstated, and now cut again… We had food stamps cut.  We had a sequester go into effect to save $85 billion dollars….

We had the news media lead fake scandals… when the biggest scandal should be, how is Fox and CNN and CBS still able to call themselves news organizations?  We had the IRS scandal… despite that they dealt evenhandedly with groups of both political persuasions.  We had the Benghazi hearings… Much ado over absolutely nothing… For when it came down to why those four died, all fingers point to that very Congressional committee led by Republican Darrell Issa, which cut well over $100 million in funds that were specifically designated to secure advanced unsecured places of that type.

But when we had a real scandal, which was illuminated by Snowden, all the media shied away.  Calling him a traitor for releasing the documents…  As more came out, Americans began to really fully grasp the totalitarian phase our nation’s government was just on the threshold of achieving….

In 2013 we had civil right voting laws thrown out by the Supreme Court, and instantly all those dark ugly human traits those laws previously regulated, took over and sprang out into the open…

We had a rational push for gun control, that bumped into the irrational group against it.  We did not win the first battle… WE did make considerable ground and showed the NRA was led by psychotic bloodthirsty killers, both nationally and locally….

And the unions… are all bought out… from the top down.   Only those on the very bottom in our service industries, the Wal*marts, McDonalds, and retail outlets, who have nothing to lose, are bravely carrying the fight forward… They are on the right track…

Our sole problem in America is that out of every dollar that trades hands in our economy…. 50 cents of it gets sucked out by the top 1%….  The rest of America is economically playing with a half deck…50 cents on the dollar.  No wonder job growth is slower than it should be?

If you invested, you love this year….  The year’s DJIA started at 13,000 and is now at 16,500….  25% yield….   For every $100,000 you had in stocks… you just made $25,000….

We now realize this was at the expense of the QE 3.  The Federal Government is lending the large brokerage houses all the money they wanted at zero interest, and instead of creating jobs, it went right into the stock market, chasing prices and making them higher….  When that free money begins costing the brokerage houses… those investments are going to deflate.

Most of America no longer has money in the market.  The market is primarily owned by those at the top.

And education?  We had corporate America exposed for trying their hand at teaching little children and failing miserably.   Just as Corporate enterprises have now destroyed Facebook,  television news, and are now destroying Twitter, the same forces demolished education.   An attack on the public school system aimed to demolish it and install a privately owned system, is well underway….   It was all just theoretical until 2013.

The prime problem  behind all of these?

It took a new Pope to make it mainstream… To tie all these individual threads into one rope.  As he spoke, people turned to look at each other and said, ” Wow, why didn’t we see it before?”

When one homeless person dies on the streets it  is not news.  But the DOW drops two points, it is THE news….

What 2013 did, was bring to light that we were not a nation beset by little battles…  Loss of labor unions, stymieing of minimum wage, fierce lobbying against Obamacare, a court controlled by corporate interests, lobbyists writing all our nation’s bills,  What 2013 did was bring to light that all our “think tank” research, was pure propaganda, not research.   What 2013 did, was show us just how much power and wealth lie in the hands of very few people…. roughly 100,000…… with most of that being held by a core of 1000 individuals…. Meaning 314,899,999 of the rest of us are out in the cold…

2013 showed us that the happiest people in the world, are those where wealth is more equally shared…  to be happy, one has to tax heavily…  A sharper sense of wealth is gleaned from looking at happy societies…  Where there is enough wealth to be shared, it is…  It makes little sense to pursue the opposite  tack.  To let those with money have it at no cost, and charge the masses heavily for their use of it…

2013, is the turning of the tide… Now when someone says low taxes are job creators they are viciously humiliated and never dare mention such again. Now when someone says trickle down economics work, we now know they are secretly praising how well it works for those at the top.

2013….  We know.

2014…. No Tea Party.  No Republicans.  No Third Way.   Only by mandating that the wealthy who got rich over nothing, pay their fair share and everyone else’s fair share too, can we again create an economy and a nation that thrives from the bottom up…

2014 is the battle year.  This is where those few at the top will throw billions into protecting the trillions they’ve made from our assets…  But… they only have 1% of the population… The question is whether they can mobilize their toadies to vote and suppress the rest as they have successfully done in the past… when in truth, we were still half asleep….

The rallying cry for the 99% needs to be this:  the 1% needs to do more for our nation!.  We should not be ashamed to mention marginal income (including capital gains) tax rates over 50%, 60%, 70%… at least for the short term, until our economic war is over!  That is not too much! Most livable nations have such.  and the USA itself had such during our grandparent’s time, back when it was easy to go out and find a job….  we had more demand for jobs than we had people….

Income equality is the lens with which all items need to be viewed….  What that means is that with every question, every line item, every debate, this question gets asked…. “What does this proposal do to reverse income equality?”  If it does nothing, it is not good…

What does controlling guns do for income equality?  What do charter schools do for income equality?  What does cutting taxes on Delaware’s 1% do for income equality?  What does making the Port of Wilmington non-union do for economic equality?  What does creating NO-prevailing wage zones in Delaware, do for economic equality?  What does opening Beaver Valley to development do for income equality?  What does raising minimum wage do for economic equality?  What does Common Core do for income equality?  What does opening Family Court to the public do for income equality?  What does building a power plant that runs 24/7 on the brown fields of Newark, do for income equality?  What does building a new Wawa in Newark, do for income equality?

I acknowledge some of those are stretches but that is what having a prime filter does.  One looks at everything through that perspective….  It is one thing to bash the governor for a luckluster economy in his state…. Republicans do that too often, and offer neither specifics, or alternatives.   It is another to bash the governor for ignoring 99% of Delawareans’ needs, or  990,000 people, to the benefit of 10,000, or 1%…..  That is legitimate….

Hurting the 1% to the benefit of the 99% will cause 99 times more economic activity in this state.  99% of our citizens will buy more….  If those 1% continue to make more money off our localized spending, then at least they are earning their income honestly for a change….

Perhaps what is missing, is a retort, the kind that becomes a mantra……. When the Chamber of Commerce steps up to a microphone and says, …. “we pay most of the taxes in this state, we should not pay more…”.

The proper response hitherto missing, should be…. ” Then pay your employees more money, so they can help you share that burden…”

2013:  the arrow was released… 2014 is when it impacts its target,….

(This came out last spring. Most of you have seen this.  If by chance you haven’t, be prepared to have your mind blown. If you’ve become jaded since the last showing, prepare to have your mind blown again.)