http://i.imgur.com/q6GPg.jpg
Showing posts with label Politics. Show all posts
Showing posts with label Politics. Show all posts
Thursday, October 6, 2011
'What Price U.S Democracy?' by Jacquelyne Taylor
WHAT PRICE?
U.S DEMOCRACY!
NOOSE KNOTTED RANK HYPOCRISY..
NOT JUSTICE SERVED..
BY HANGMAN'S ROPE
NOR WITH DEATH'S DANGLE,
RISE OF HOPE!
REVENGE A FLEET TREAT
SOURED WITH COST...
OF MORAL HIGHGROUND, MORE LIVES LOST
NOR PRESIDENCY A DISGUISE
FOR KILLERS LIVE IN VARIED GUISE..
ALL TYRANTS' TONGUES..
FORK WITH DELUSION
AND WARS FOR PEACE..
THE SHARED ILLUSION!
WHAT PRICE U.S DEMOCRACY?
WILL WARS ON TERROR KEEP US FREE?
ILLEGAL MOVES, INHUMANE ACTS..
ABSENCE OF TRUTHS,
DISTORTED FACTS.
ONE DESPOT DIES
STILL MAD MEN REIGN!
THE CORPSE COUNTS MOUNT,
AND WHO'S TO GAIN?
THE OLD YEARS PASS ,AND NEW ONES DAWN.
YET MORE CADAVER'S MOTHERS MOURN!
WHAT PRICE OF COURSE?
AN IRONY!
FOR NO PRICE...
BUYS US PEACE YOU SEE.
AND THEREIN,
SAD REALITY
OF WHAT IS NOT DEMOCRACY
IT'S ACTUALLY
RAW
HEGEMONY!
'Democracy... while it lasts is more bloody than either [aristocracy or monarchy]. Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There is never a democracy that did not commit suicide.' (John Adams 2nd U.S President)
U.S DEMOCRACY!
NOOSE KNOTTED RANK HYPOCRISY..
NOT JUSTICE SERVED..
BY HANGMAN'S ROPE
NOR WITH DEATH'S DANGLE,
RISE OF HOPE!
REVENGE A FLEET TREAT
SOURED WITH COST...
OF MORAL HIGHGROUND, MORE LIVES LOST
NOR PRESIDENCY A DISGUISE
FOR KILLERS LIVE IN VARIED GUISE..
ALL TYRANTS' TONGUES..
FORK WITH DELUSION
AND WARS FOR PEACE..
THE SHARED ILLUSION!
WHAT PRICE U.S DEMOCRACY?
WILL WARS ON TERROR KEEP US FREE?
ILLEGAL MOVES, INHUMANE ACTS..
ABSENCE OF TRUTHS,
DISTORTED FACTS.
ONE DESPOT DIES
STILL MAD MEN REIGN!
THE CORPSE COUNTS MOUNT,
AND WHO'S TO GAIN?
THE OLD YEARS PASS ,AND NEW ONES DAWN.
YET MORE CADAVER'S MOTHERS MOURN!
WHAT PRICE OF COURSE?
AN IRONY!
FOR NO PRICE...
BUYS US PEACE YOU SEE.
AND THEREIN,
SAD REALITY
OF WHAT IS NOT DEMOCRACY
IT'S ACTUALLY
RAW
HEGEMONY!
'Democracy... while it lasts is more bloody than either [aristocracy or monarchy]. Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There is never a democracy that did not commit suicide.' (John Adams 2nd U.S President)
Hypocrisy I
The men who committed the atrocities of September 11 were certainly not "cowards", as they were repeatedly described in the western media. Nor were they lunatics in any ordinary sense. They were men of faith -perfect faith, as it turns out- and this, it must finally be acknowledged, is a terrible thing to be."
- Sam Harris
D.Assig: "Anders Breivik is no different than Mohammed Atta for sure...it's just really disgusting then when it's a muslim, it's "a sign that all islam is super evil" and when it's a christian, it's "just a random fruit loop who happens to be christitian". No matter if it's Omar Abdel Rahman (1993 WTC) or Timothy McVeigh (Oklahoma 1994) - it's all just different faces of religious extremism!!"
"I'm commemorating 9/11 by letting my neighbour kick me in the nuts, then attacking a totally different guy down the street."
- Sam Harris
D.Assig: "Anders Breivik is no different than Mohammed Atta for sure...it's just really disgusting then when it's a muslim, it's "a sign that all islam is super evil" and when it's a christian, it's "just a random fruit loop who happens to be christitian". No matter if it's Omar Abdel Rahman (1993 WTC) or Timothy McVeigh (Oklahoma 1994) - it's all just different faces of religious extremism!!"
"I'm commemorating 9/11 by letting my neighbour kick me in the nuts, then attacking a totally different guy down the street."
Wednesday, September 28, 2011
Stop Coddling the Super-Rich - By Warren E. Buffett
Stop Coddling the Super-Rich
OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.
While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks. Some of us are investment managers who earn billions from our daily labors but are allowed to classify our income as “carried interest,” thereby getting a bargain 15 percent tax rate. Others own stock index futures for 10 minutes and have 60 percent of their gain taxed at 15 percent, as if they’d been long-term investors.
These and other blessings are showered upon us by legislators in Washington who feel compelled to protect us, much as if we were spotted owls or some other endangered species. It’s nice to have friends in high places.
Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.
If you make money with money, as some of my super-rich friends do, your percentage may be a bit lower than mine. But if you earn money from a job, your percentage will surely exceed mine — most likely by a lot.
To understand why, you need to examine the sources of government revenue. Last year about 80 percent of these revenues came from personal income taxes and payroll taxes. The mega-rich pay income taxes at a rate of 15 percent on most of their earnings but pay practically nothing in payroll taxes. It’s a different story for the middle class: typically, they fall into the 15 percent and 25 percent income tax brackets, and then are hit with heavy payroll taxes to boot.
Back in the 1980s and 1990s, tax rates for the rich were far higher, and my percentage rate was in the middle of the pack. According to a theory I sometimes hear, I should have thrown a fit and refused to invest because of the elevated tax rates on capital gains and dividends.
I didn’t refuse, nor did others. I have worked with investors for 60 years and I have yet to see anyone — not even when capital gains rates were 39.9 percent in 1976-77 — shy away from a sensible investment because of the tax rate on the potential gain. People invest to make money, and potential taxes have never scared them off. And to those who argue that higher rates hurt job creation, I would note that a net of nearly 40 million jobs were added between 1980 and 2000. You know what’s happened since then: lower tax rates and far lower job creation.
Since 1992, the I.R.S. has compiled data from the returns of the 400 Americans reporting the largest income. In 1992, the top 400 had aggregate taxable income of $16.9 billion and paid federal taxes of 29.2 percent on that sum. In 2008, the aggregate income of the highest 400 had soared to $90.9 billion — a staggering $227.4 million on average — but the rate paid had fallen to 21.5 percent.
The taxes I refer to here include only federal income tax, but you can be sure that any payroll tax for the 400 was inconsequential compared to income. In fact, 88 of the 400 in 2008 reported no wages at all, though every one of them reported capital gains. Some of my brethren may shun work but they all like to invest. (I can relate to that.)
I know well many of the mega-rich and, by and large, they are very decent people. They love America and appreciate the opportunity this country has given them. Many have joined the Giving Pledge, promising to give most of their wealth to philanthropy. Most wouldn’t mind being told to pay more in taxes as well, particularly when so many of their fellow citizens are truly suffering.
Twelve members of Congress will soon take on the crucial job of rearranging our country’s finances. They’ve been instructed to devise a plan that reduces the 10-year deficit by at least $1.5 trillion. It’s vital, however, that they achieve far more than that. Americans are rapidly losing faith in the ability of Congress to deal with our country’s fiscal problems. Only action that is immediate, real and very substantial will prevent that doubt from morphing into hopelessness. That feeling can create its own reality.
Job one for the 12 is to pare down some future promises that even a rich America can’t fulfill. Big money must be saved here. The 12 should then turn to the issue of revenues. I would leave rates for 99.7 percent of taxpayers unchanged and continue the current 2-percentage-point reduction in the employee contribution to the payroll tax. This cut helps the poor and the middle class, who need every break they can get.
But for those making more than $1 million — there were 236,883 such households in 2009 — I would raise rates immediately on taxable income in excess of $1 million, including, of course, dividends and capital gains. And for those who make $10 million or more — there were 8,274 in 2009 — I would suggest an additional increase in rate.
My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice.
By WARREN E. BUFFETT
Published: August 14, 2011
OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.
While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks. Some of us are investment managers who earn billions from our daily labors but are allowed to classify our income as “carried interest,” thereby getting a bargain 15 percent tax rate. Others own stock index futures for 10 minutes and have 60 percent of their gain taxed at 15 percent, as if they’d been long-term investors.
These and other blessings are showered upon us by legislators in Washington who feel compelled to protect us, much as if we were spotted owls or some other endangered species. It’s nice to have friends in high places.
Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.
If you make money with money, as some of my super-rich friends do, your percentage may be a bit lower than mine. But if you earn money from a job, your percentage will surely exceed mine — most likely by a lot.
To understand why, you need to examine the sources of government revenue. Last year about 80 percent of these revenues came from personal income taxes and payroll taxes. The mega-rich pay income taxes at a rate of 15 percent on most of their earnings but pay practically nothing in payroll taxes. It’s a different story for the middle class: typically, they fall into the 15 percent and 25 percent income tax brackets, and then are hit with heavy payroll taxes to boot.
Back in the 1980s and 1990s, tax rates for the rich were far higher, and my percentage rate was in the middle of the pack. According to a theory I sometimes hear, I should have thrown a fit and refused to invest because of the elevated tax rates on capital gains and dividends.
I didn’t refuse, nor did others. I have worked with investors for 60 years and I have yet to see anyone — not even when capital gains rates were 39.9 percent in 1976-77 — shy away from a sensible investment because of the tax rate on the potential gain. People invest to make money, and potential taxes have never scared them off. And to those who argue that higher rates hurt job creation, I would note that a net of nearly 40 million jobs were added between 1980 and 2000. You know what’s happened since then: lower tax rates and far lower job creation.
Since 1992, the I.R.S. has compiled data from the returns of the 400 Americans reporting the largest income. In 1992, the top 400 had aggregate taxable income of $16.9 billion and paid federal taxes of 29.2 percent on that sum. In 2008, the aggregate income of the highest 400 had soared to $90.9 billion — a staggering $227.4 million on average — but the rate paid had fallen to 21.5 percent.
The taxes I refer to here include only federal income tax, but you can be sure that any payroll tax for the 400 was inconsequential compared to income. In fact, 88 of the 400 in 2008 reported no wages at all, though every one of them reported capital gains. Some of my brethren may shun work but they all like to invest. (I can relate to that.)
I know well many of the mega-rich and, by and large, they are very decent people. They love America and appreciate the opportunity this country has given them. Many have joined the Giving Pledge, promising to give most of their wealth to philanthropy. Most wouldn’t mind being told to pay more in taxes as well, particularly when so many of their fellow citizens are truly suffering.
Twelve members of Congress will soon take on the crucial job of rearranging our country’s finances. They’ve been instructed to devise a plan that reduces the 10-year deficit by at least $1.5 trillion. It’s vital, however, that they achieve far more than that. Americans are rapidly losing faith in the ability of Congress to deal with our country’s fiscal problems. Only action that is immediate, real and very substantial will prevent that doubt from morphing into hopelessness. That feeling can create its own reality.
Job one for the 12 is to pare down some future promises that even a rich America can’t fulfill. Big money must be saved here. The 12 should then turn to the issue of revenues. I would leave rates for 99.7 percent of taxpayers unchanged and continue the current 2-percentage-point reduction in the employee contribution to the payroll tax. This cut helps the poor and the middle class, who need every break they can get.
But for those making more than $1 million — there were 236,883 such households in 2009 — I would raise rates immediately on taxable income in excess of $1 million, including, of course, dividends and capital gains. And for those who make $10 million or more — there were 8,274 in 2009 — I would suggest an additional increase in rate.
My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice.
Warren E. Buffett is the chairman and chief executive of Berkshire Hathaway.
http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html?_r=1&src=tp&smid=fb-share
http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html?_r=1&src=tp&smid=fb-share
Thursday, September 22, 2011
Bryan Gould: An outcome no political salesman can disguise
NZ HERALD
Only a divided society sustains a myth about poverty as a lifestyle choice, writes Bryan Gould, former British Labour MP and vice-chancellor of the University of Waikato.
It is a measure of how subdued is the national mood and how modest are our current ambitions that we expect so little of our elected governments.
Nearly four years after our own home-grown recession began, we are expected to acclaim as a triumph of economic management the first signs of a patchy and fitful recovery that still leaves us well short of 2008 levels.
We might have expected much better. We were largely insulated from the direct effects of the global financial crisis.
Our two major export markets remained surprisingly buoyant. And we have enjoyed record high commodity prices.
Yet, to hear our leaders tell it, even our woes are a sign of success. The soaring kiwi dollar, we are assured, shows that foreign investors see us as a "safe haven" - a claim that sits oddly alongside the repeated warnings about the risk of a credit downgrade and of the need to wind back public spending so as to reduce a rampant government deficit.
The truth is that the soaring dollar reflects a conviction on the part of overseas speculators - based on 25 years of experience - that our governments will go on paying them a premium and that the short-term demand for our currency thereby engendered will produce a capital gain as well.
This is entirely consistent with the growing evidence that, as the recovery at last manifests itself, we will use the opportunity to repeat the recurrent mistakes of the past 25 years all over again.
We will continue to treat any prospect of growth as an inflationary threat, to be knocked on the head by a combination of high interest rates and an overvalued currency.
We will continue to express puzzlement as to why - in this policy framework - productivity languishes and our economic performance falls behind that of our competitors.
There are occasional flickers of interest in a change of policy. Geoff Simmons, for example, points to the prospect of using tighter rules for bank lending as a counter-inflationary tool and as an alternative to high interest rates. But he also warns that the Reserve Bank - with its single focus on inflation (and it is, after all, a bank) - is unlikely to change course.
And governments, particularly at this stage of the electoral cycle, may wring their hands at the high dollar but will secretly welcome the consequently cheaper imports - a short-term advantage that helps to holds down a soaring cost of living through to election day but that is bought at a huge cost to our long-term economic performance.
It could be said that these problems are like old friends; they may be a nuisance and somewhat boring but they are at least predictable, and it is true that there is a certain comfort to be drawn from getting what you expect.
A right-of-centre government could be expected to stick closely to monetarist theory, and to pin its hopes for an improvement in economic performance on tax cuts for the well-off, asset sales, cutting government spending, taking a tough line on benefits and seeking free-market solutions to most problems.
That is exactly what we have got and presumably what people voted for. In the past, after giving these measures a fair trial, they judged that they had not worked and then voted to get rid of them.
This time the policies look to be surviving for a little time yet. It is not that the policies are different - merely that the salesman is better.
But there is one consequence of current policy that even the most brilliant salesmanship cannot so easily sell to the public: The now unmistakable evidence of rising poverty, with children as the most vulnerable victims, is the inevitable result of widening inequality, higher unemployment, falling real incomes for the poor, less-effective public services and rapidly rising living costs.
The myth that families choose poverty as a lifestyle option can only be sustained in a society that is divided - where the well-off are comfortably shielded from the realities of life for the worse-off.
One of the advantages of being well-off is that it is possible to buy your way into a better neighbourhood, to go to better schools, to mix with better-off work colleagues and friends.
You do not then need to venture into the poorer neighbourhoods, to sit around the table to share inadequate and poor-quality food or to feel the cold and damp in overcrowded bedrooms. You do not feel the humiliation of being rejected for job after job or having to present yourself for close questioning as the condition for receiving a weekly benefit, which - in a well-off family - might be spent entirely on a single meal for family and friends at a good restaurant.
Individual instances of hungry children might be dismissed as cases of fecklessness and inadequate parenting. But a rising tide of such children, whose health, education and very lives are threatened by hunger, is a social phenomenon with widespread social and economic causes. It might be - indeed, is - a predictable consequence of current policies, but that surely does not make it acceptable.
Predictability in this case should not produce resignation but rather a clarion call for action. If things are so good, why, for so many of us, are things so bad?
Subscribe to:
Posts (Atom)


