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thinkahol *

Paul Ryan's Dark Roadmap for America - 0 views

  • There are big winners in Paul Ryan's "Roadmap" and you can guess who they are. He would cut taxes for the wealthy, completely eliminate the corporate income tax, and create a value added tax. According to the Tax Policy Center, his plan would raise taxes for the bottom 95 percent of American wage earners and cut taxes for the top five percent. The top 0.1 percent would see an average tax cut of $1.7 million - every year!
David Corking

Op-Ed Contributor - Obama's Ersatz Capitalism - Joseph Stigltz - NYTimes.com - April 1,... - 0 views

  • Paying fair market values for the assets will not work. Only by overpaying for the assets will the banks be adequately recapitalized. But overpaying for the assets simply shifts the losses to the government. In other words, the Geithner plan works only if and when the taxpayer loses big time. Some Americans are afraid that the government might temporarily “nationalize” the banks, but that option would be preferable to the Geithner plan. After all, the F.D.I.C. has taken control of failing banks before, and done it well.
    • David Corking
       
      This seems to be the brunt of the complaint
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    A Nobel Prize winner says that Geithner and the Obama administration are giving a vast amount of taxpayer funds to private investors, without Congressional approval.
David Corking

HomeBuy Direct - Housing - Communities and Local Government - 0 views

  • they will be invited to choose one of the HomeBuy Direct properties brought forward by the developers.
    • David Corking
       
      Why do the developers get to choose? Why can't all new homes below x value be eligible, as in Northern Ireland?
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    Apparently Darling gave this scheme an extra 80 million pounds in today's budget.
Jennifer Fagala

Drugs over Marriage: The insanity of voting for the right to marry - 0 views

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    I think voting on rights is ridiculous to begin with, but when I think of the people who fought for this discrimination - organizations like NOM who are not even IN Maine... it makes my blood boil! What right does the majority have to tell another adult citizens who they can marry.
Bakari Chavanu

The root cause of war is oligarchic capitalism | Middle East Eye - 0 views

  • After World War Two, Britain and the USA pressured the United Nations into confiscating Arab land to form the state of Israel, making the Arabs pay for the crimes of the Germans. In addition to providing a nation for the Jews, Israel would be a forward base for Western economic and military power in the Middle East. To the Arabs it was another European invasion of their territory.
  • In the early 1950s, the USA and Britain overthrew the government of Iran because it tried to nationalise its oil industry, which was under Western control.
  • In the mid-1950s, Egypt decided to nationalise the Suez Canal and use the income from it to help their people out of poverty. They were willing to pay its British and French owners the full market value for their shares, but Western governments and Israel responded violently, invading and bombing Egypt into submission.
  • ...6 more annotations...
  • The USA and Britain committed similar atrocities in Iraq, Syria, Lebanon, Libya, Indonesia and Afghanistan. We overthrew their governments, installed dictators, undermined their economies - all to strengthen our business interests. In every nation where we now have terrorism, we had first assaulted them.
  • Capitalism is always at war. The violence, though, is often abstract: forcing us either to accept low-paying, exhausting jobs or starve; denying us adequate healthcare, education and economic security; convincing us that human beings are basically isolated, autonomous units seeking self gratification. But when this doesn't suffice to keep their profits growing, the violence becomes physical, the cannons roar, and the elite rallies us to war to defend "our" country and destroy the fiendish enemy.
  • Since 9/11 the USA has killed over 300,000 - a hundred times more than died in the World Trade Center. The overwhelming majority have been civilians.
  • As Martin Luther King stated with simple eloquence: "The greatest purveyor of violence in the world today is my own government."
  • Since they don't have our military power, they resort to guerrilla warfare. As Mike Davis wrote, "The car bomb is the poor man's air force."
  • www.amazon.com/dp/1897455844
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