Category Archives: minimum wage

Booze and Women

Regarding the new GOP tax plan which shuffles billions of dollars from working Americans to the top one-half of one per cent.

“I think not having the estate tax recognizes the people that are investing,” Grassley told the Register. “As opposed to those that are just spending every darn penny they have, whether it’s on booze or women or movies.”

I am not sure if this is true so I interviewed 2 people. One is a billionaire heiress to a real estate fortune who shall remain anonymous. I shall call her Ivania. The other is a shmuck who worked in factories, sweat shops and as a teacher for over 30 years. I will call him Joe the Shmuck.

Me: Hello, Ivania. Congratulations on receiving a massive inheritance allowance and other tax breaks in the new tax bill.

Ivania: Thank you. No one deserves it more than me.

Me: So, how many jobs do you intend to create with this new found wealth ? Do you feel that you that have earned this windfall?

Ivania: Oh, yes. I have had to work very hard being born into just the right family. It is not easy being wealthy. For example, do we cater in Lobster Newberg or Filet Mignon tonight? Do we open the bottle of “Moet and Chandon Dom Perignon” or the “Boerl and Kroff Brut Rose” ? Would you have any idea which to serve? Commoners just don’t understand the intense pressure I am under.

Me: I see. Back to my question. What do you intend to do with this multi-million dollar windfall? Will you invest it in new jobs in America?

Ivania: Of course. My investment advisor has already begun adding to my investments. I have created thousands of jobs already in my tote bag and high heel shoe factories.

Me: But aren’t those factories in China? And Vietnam?

Ivania: Well, yes. But there is a trickle down effect. Eventually, as we create jobs in China and depress wages in the US, we will be able to bring back jobs to this nation I love so dearly. American commoners must be able to compete with the wages we pay in China. We hope to someday get those wages on par with each other. Right now it is those unions that prevent us from creating more good jobs in the nation I love.

Me: OK. So, you won’t be investing in the USA, is that the bottom line.

Ivania: (chuckling)  I got mine. That is the bottom line. Did I mention how much I love America?

So, after this rather unsatisfying interview I found Joe the Shmuck, retired factory worker and teacher.

Me: Hello, Joe the Shmuck. Can I call you Joe?

Joe the Shmuck: I have spent my entire adult life working for a living and paying my taxes. You can call me Shmuck.

Me: OK, Shmuck. Senator Grassley has made the comment that people like you will just take any tax break and spend it on women and booze. What is your response?

Shmuck: DUH. Of course we will. He is correct.

Me: WOW! So you admit that you will spend any tax breaks on women and booze? Really?

Shmuck: I have in the past, why change now? What choice do I have?

Me: Explain to me then why you should get a tax break if you will just spend it on women and booze?

Shmuck: Look, I worked two jobs most of my life. At least 8 hours a day. Some days 12 hours or more. I have worked in factories, day labor, teaching and coaching and advising students. All for pretty meager wages. So, what do you think? I am not going to come home and have a beer? Of course I spend my money on booze. Wouldn’t you?

Me: Well, ok. but what about spending all your money on women?

Shmuck: I have a wonderful wife and a wonderful daughter. Unfortunately they are money pits. I mean, who needs more than 2 pair of underwear? Women, that’s who. Who needs to get their hair done? Women, that’s who. Not to mention quality food, clothes and  thousands of other items the uses of which completely escape me.

Let’s talk about dental bills and braces, shall we? And schools class trips? And second cars? And dogs and all those expenses? And Xmas gifts? And tuition and fees?

Me: I am not sure that was what Grassley was referring to…

Shmuck: Well, anyone who has a wife and daughter (or husband and son for that mattter) knows what I am talking about. So Grassley is right. All I will do with any tax break is invest in goods and services right here in the US…wait…does that make me an investor?

Me: Sorry. Investors only invest in China. You worked . You supported your family. You drink beer. You are what we call…uh… shmuck.

https://www.washingtonpost.com/news/morning-mix/wp/2017/12/04/grassley-explains-why-people-dont-invest-booze-or-women-or-

https://financesonline.com/top-10-most-expensive-champagne-bottles-in-the-world/

https://www.forbes.com/sites/stuartanderson/2015/08/17/trump-the-hypocrite-investing-overseas-fine-for-him/#4d5a62aa1dc8

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Filed under Congress, Debt, economics, Economy, GOP, government, liberals, minimum wage, pensions, Politics, Republicans, Taxes, United States

A Deal at Any Price

Tom Price, the Health and Human Services Secretary, has been criticized for flying on charter jets. He spent about $ 60,000 of HHS money on 5 flights in just one weekend.  The one that has gotten the most publicity was his round trip flight from DC to Philly and back. For $25,000. That is about 150 miles each way or 3 hours by car.

Now, this is the same Tom Price who had the best luck in the world when he was on the Senate committee responsible for Health issues. Just by chance, his broker bought him a ton of stocks in a company called Zimmer Biomet. This happened just two weeks after Tom introduced a bill called the HIP act.

Now for those of you with all your appendages intact that may not mean much. But the HIP Act (which should have been called the SLIP Act) deregulated the the hip and knee joint replacement industry. I mean, really, should an artificial limb replacement need regulations? I guess they are warranted for the life (good luck) of the owner!

Well, it so happens that Zimmer Biomet  is a supplier of….(drum roll)… hip and knee joint replacements. Like I said, when it comes to investments Tom is one lucky guy.

(To be fair, the HIP Act was so bad that even the GOP Congress has not yet taken it up).

But, back to charter flights. This must be a different Tom Price than the Georgia Senator who castigated the Democrats for proposing buying 8 passenger planes. Wasteful. That Tom Price said the US government should not buy any. Zero. Government employees should be flying on commercial flights. Tighten those belts you spendthrifts.

Senator Tom Price meet HHS Secretary Tom Price.

So, some perspective. Perhaps it is worth it to keep Tom flying hither and yon. Keep him out of DC where he can only do more damage. Perhaps his broker has recently bought some stock in the charter plane industry. Gee. I wonder if he wants to deregulate safety inspections on charter planes. It would streamline the industry.

A final note: Tom landed and spent the day in Pennsylvania. Minimum wage in Pennsylvania is $ 7.25 per hour. A full time worker in PA who decided to treat Tom to this round trip airfare would have to work 86 weeks to earn that much. Before taxes.

If he or she started working now and took no vacations they could pay off Tom’s airfare bill by the end of May, 2019. Unless he or she got sick. Because Tom doesn’t believe in the working poor getting coverage under Obamacare. Too costly!

 

 

 

https://www.cnbc.com/2017/09/20/hhs-sec-tom-price-once-slammed-congress-private-jets.html

http://www.politico.com/story/2017/01/tom-price-healthcare-stock-conflicts-233823

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Filed under ACA, Budget, Congress, Economy, GOP, government, healthcare, minimum wage, Obamacare, Politics, workers

Toto, We’re Not in Kansas Any More

(In 2012 GOP Governor Brownback of Kansas pushed through the “Great Conservative Experiment”. Bringing the architect of the “supply-side” economics theory, Laffer, he proposed and got massive tax cuts for business and the wealthy, coupled with reduced public  support for the poor along with cuts to education. A conservative’s dream state. It was the experiment that would prove, once and for all, that “supply side ” policies were destined to be a great success…. They have been a massive fiscal disaster)

https://www.washingtonpost.com/politics/in-kansas-gov-brownbacks-reelection-race-is-case-study-in-republican-party-shift/2014/07/30/3192d86c-1420-11e4-8936-26932bcfd6ed_story.html

http://www.kansas.com/news/politics-government/article62557137.html

Aunt Em: I think she is finally waking up ! Dorothy, get up,  dear. Time to go to work.

Dorothy: Oh, Aunt Em. I had the strangest dream.

Aunt Em: Well, dear, time to get up and go to work in  the poultry plant. Those chicken wings don’t detach themselves.

Dorothy: Work? Chicken wings? Aunt Em, I don’t remember. I had the strangest dream that I visited a new land,  the land of Oz.

Aunt Em: Now, Dorothy.  You simply overslept. Now get your butt out of bed. We need the extra income.

Dorothy: But, Aunt Em. My dream. I dreamed I found myself surrounded by little men with little minds  and squeeky voices.  They were singing about “following the supply-side road” to wealth and fortune. But I kept going in circles. The road lead to nowhere.

Aunt Em: Oh,  that was no dream. That was the Knsas State Legislature, dear. Don’t you recall? They had to close all the roads except the ones leading directly to the chicken processing plant.

Dorothy: Then I dreamed I met a man who had straw in his head instead of a brain. He was silly and stupid. He flopped around and made no sense at all.

Aunt Em: Oh, Dorothy. That was the head of the Department of Education. Don’t you remember? The schools all had to close early because the state ran out of money for silly things like books and teachers. It is all part of the “great experiment”. It will be fine.

Dorothy: But Aunt Em, he didn’t even know what evolution was! And then I met a man who looked like a lion but was scared of everything. He cowered at the mention of the Wizard of Oz. Pathetic.

Aunt Em: You must mean the old Democratic Party. Oh dear, they certainly lost their courage.

Dorothy: Well, what about the man I met without a heart. It mean, he must have been part of a dream. A heartless man. No man can live without a heart, can he?

Aunt Em: Well, Governor Brownback came to town last week to proclaim “Cowboy Day” in honor of the ranchers who avoid paying federal grazing fees. There is no evidence that he has a heart.

Dorothy.: Then, in my dream,  we  walked all the way to the capital and saw this massive building. Covered with emeralds. And I went inside and saw the Wizard of Supply Side. He told me everything would be OK. Just keep working and don’t worry about the budget deficit. Don’t worry about school. Don’t worry about health care. It was final. He had spoken.

Aunt Em: Don’t you remember, Dorothy? We were going to take you on an ocean cruise across Kansas but the Lollipop Guild had taken away our lavish food stamp allowance. So, we went to see the Wizard for help. We DID go see the wonderful Wizard.

Dorothy: Well, what did the Wizard do?

Aunt Em: He told us to drop you out of 9th grade and get you a job. He told us that if you get sick you should “suck it up”. He said never ever use dirty words like”unions” or “climate change”. The great and powerful Koch had spoken.

Dorothy: Aunt Em, I am sick. My brain hurts. I need to see a doctor.

Aunt Em: Sorry, dear. We lost our health care when your uncle got fired for supporting abortion rights. You’ll just have to hope for the best. I am sure the Great Experiment will work itself out. Now, get on your bike and head for work. Those chicken parts are waiting to be sorted.

Dorothy: Look, Aunt Em !! A twister is coming right at us. A big one!

Aunt Em: Quick, Dorothy, into the storm cellar. … Dorothy! Where are you going?!

Dorothy hops on her bike with Toto in her basket and starts peddling frantically. Directly TOWARD the massive tornado.

Dorothy: Good bye , Aunt Em. I have my future to think about. Between living a decent life in Kansas and the twister, I like my chances with the tornado.

 

 

 

 

 

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Filed under ACA, Conservatives, Debt, economics, Economy, Education, Elections, GOP, government, governor, jobs, minimum wage, Neoconservative, neoconservatives, Politics, Radicals, Republicans, Taxes, tea party, unions, workers

Contestant #5: Sanders the Socialist

5th in a series of biased analysis of announced candidates for the office of President of the US.

From Bernie Sanders Issues website: https://berniesanders.com/issues/

The senator from Vermont, a native of Brooklyn, is a self-proclaimed socialist and independent.  Since everyone knows what a socialist is, there is almost no need to go into detail. A socialist is one who hates America, wants to eat babies and tries to destroy all that is good in the world. Someone from, let’s say, Sweden.

That said, Bernie’s website has the usual vague generalities on some topics, specifics on other topics and simply ignores other topics.

For example, he pretty much ignores social issues like gay rights, abortion, etc.

He opposes Wall Street bailouts. He wants to rebuild the crumbling infrastructure. He wants women to have equal pay as men for equal work. He wants tax reform. He thinks the middle class has been screwed. All noble concepts. But the devil is in the details, and he is short on details.

His main area of concern is for working families. He is very specific on raising the minimum wage (to $ 15.00). He wants a one payer health care system. And he wants to make it easier for workers who want unions to unionize. These are areas where he has been consistent throughout his long career.

Most telling, he has opposed all the free trade agreements, going back to NAFTA. That is one area where he differs from most other candidates. He has a record of fighting to keep jobs in the USA. Unique among the candidates. Ever.

He does not seem to have used his political office for personal gain and has no outstanding scandals. But I am sure Fox News is working to create something as we speak.

All in all, a tried and true socialist. Can he win a major election with those credentials? Is it possible ? Does  a socialist have a chance of winning the highest office in the land?

About as likely as a socialist being elected to the US Senate. Or a black guy winning the presidency. Twice. We shall see.

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Filed under Bernie Sanders, CAFTA, candidate, economics, Economy, Free Trade, minimum wage, NAFTA, PNTR, socialism, socialist, unions