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thinkahol *

The Blog : How Rich is Too Rich? : Sam Harris - 0 views

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    I've written before about the crisis of inequality in the United States and about the quasi-religious abhorrence of "wealth redistribution" that causes many Americans to oppose tax increases, even on the ultra rich. The conviction that taxation is intrinsically evil has achieved a sadomasochistic fervor in conservative circles-producing the Tea Party, their Republican zombies, and increasingly terrifying failures of governance. Happily, not all billionaires are content to hoard their money in silence. Earlier this week, Warren Buffett published an op-ed in the New York Times in which he criticized our current approach to raising revenue. As he has lamented many times before, he is taxed at a lower rate than his secretary is. Many conservatives pretend not to find this embarrassing. Conservatives view taxation as a species of theft-and to raise taxes, on anyone for any reason, is simply to steal more. Conservatives also believe that people become rich by creating value for others. Once rich, they cannot help but create more value by investing their wealth and spawning new jobs in the process. We should not punish our best and brightest for their success, and stealing their money is a form of punishment. Of course, this is just an economic cartoon. We don't have perfectly efficient markets, and many wealthy people don't create much in the way of value for others. In fact, as our recent financial crisis has shown, it is possible for a few people to become extraordinarily rich by wrecking the global economy. Nevertheless, the basic argument often holds: Many people have amassed fortunes because they (or their parent's, parent's, parents) created value. Steve Jobs resurrected Apple Computer and has since produced one gorgeous product after another. It isn't an accident that millions of us are happy to give him our money. But even in the ideal case, where obvious value has been created, how much wealth can one person be allowed to keep? A trillion doll
thinkahol *

Tomgram: Barbara Ehrenreich, On Americans (Not) Getting By (Again) | TomDispatch - 0 views

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    The big question, 10 years later, is whether things have improved or worsened for those in the bottom third of the income distribution, the people who clean hotel rooms, work in warehouses, wash dishes in restaurants, care for the very young and very old, and keep the shelves stocked in our stores. The short answer is that things have gotten much worse, especially since the economic downturn that began in 2008.
thinkahol *

Look Out, Here Comes the 'Feral Underclass' - 0 views

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    Why this absence of political ambition? What explains the rioters' genuflection at the altar of "crude materialist, market-driven hedonism"? To zone in on the answer, we need to step back and remind ourselves how strikingly unequal distributions of income and wealth impact how we interact with "things." In relatively equal nations, societies where minor differences in income and wealth separate social classes, people typically do not obsess over "things," the baubles of modern life. The reason? If nearly everyone can afford much the same things, things overall tend to lose their significance. People in more equal societies will be more likely to judge you by who you are than what you own. The reverse, obviously, also holds true. "As inequality worsens," as Boston College economist Juliet Schor has explained, "the status game tends to intensify." The wider that gaps in income and wealth go, the greater the differences in the things that different classes can afford. In markedly unequal societies, things take on ever greater significance. They signal who has succeeded and who has not. In London, the developed world's most unequal city, these signals may dominate daily life as ferociously as anywhere else on Earth. Their incessant repetition drowns out the socially cohesive signals that people see and hear and feel in more equal societies, the sense that "we're all in this together." "Let this week be a wake up call," London's Compass think tank observed right after the heaviest rioting. "There is more to clean up than broken shop windows."
thinkahol *

Cell Phone Censorship in San Francisco? » Blog of Rights: Official Blog of th... - 0 views

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    Pop quiz: where did a government agency shut down cell service yesterday to disrupt a political protest? Syria? London? Nope. San Francisco. The answer may seem surprising, but that's exactly what happened yesterday evening. The Bay Area Rapid Transit (BART) asked wireless providers to halt service in four stations in San Francisco to prevent protestors from communicating with each other. The action came after BART notified riders that there might be demonstrations in the city. All over the world people are using mobile devices to organize protests against repressive regimes, and we rightly criticize governments that respond by shutting down cell service, calling their actions anti-democratic and a violation of the rights to free expression and assembly. Are we really willing to tolerate the same silencing of protest here in the United States? BART's actions were glaringly small-minded as technology and the ability to be connected have many uses. Imagine if someone had a heart attack on the train when the phones were blocked and no one could call 911. And where do we draw the line? These protestors were using public transportation to get to the demonstration - should the government be able to shut that down too? Shutting down access to mobile phones is the wrong response to political protests, whether it's halfway around the world or right here at home. The First Amendment protects everybody's right to free expression, and when the government responds to people protesting against it by silencing them, it's dangerous to democracy.
thinkahol *

Ed Rendell and Scott Smith: Transportation Spending Is the Right Stimulus - WSJ.com - 0 views

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    During this time of economic uncertainty and record federal deficits, many question why America should invest aggressively in infrastructure. The answer is simple: Whether it involves highways, railways, ports, aviation or any other sector, infrastructure is an economic driver that is essential for the long-term creation of quality American jobs.
trade 4 target

trade4target.com - 0 views

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    Trade4Target.com always aim at providing services in Stockezy is India's social investment community to discuss stocks, share news, opinions, ask questions, find answers, get stock picks and manage investment portfolio http://www.stockezy.com/profiles/tradefortarget/
trade 4 target

trade4target.com - 0 views

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    Trade4Target.com always aim at providing services in Stockezy is India's social investment community to discuss stocks, share news, opinions, ask questions, find answers, get stock picks and manage investment portfolio http://www.indiansscript.com/forum/members/trade-4-target/
The Ravine / Joseph Dunphy

Student Debts, Stunted Lives | | AlterNet - 0 views

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    A thought to keep in mind as you read this - what happens to the already overburdened graduate whose job gets outsourced, and then can't find another because he's deemed "overqualified" for the low skilled, low wage jobs available? Answer: Look up "capitalization of interest" and then note that one can't erase student loan debt by declaring bankruptcy. What will result will be the mathematical equivalent of charging compound interest on a loan that the graduate has been deprived of the means of repaying.
The Ravine / Joseph Dunphy

Do unemployed blind/visually impaired/physcially disabled persons resent those with job... - 0 views

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    WARNING: profanity present at the other side of this link. Somebody changes the subject, but talks about how the disabled are treated, doing so with righteous anger. Good. I wish more people would.
The Ravine / Joseph Dunphy

Another Crazy Idea: Wash Your Food Before You Eat It | Ayliana87's Xanga Site - Weblog - 0 views

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    A Libertarian rebuttal to the post two links down on my profile, written a little more intelligently than most, from somebody who I find myself liking a little - but still showing some of the glib blindness that drove me away from that movement. Eg. responding to the report of the selling of tainted meat by saying that one could prevent the problem by cooking the meat until it's medium (ie. greyish red, instead of grey outright, and only mostly tasteless). "See", she seems to be saying, "even without governmental regulation, you have a choice", not quite getting that it isn't a reasonable choice. Selling meat that doesn't have to be cooked to death to be safe is absolutely possible; my grocery does it with regularity and I cook it rare with regularity, without problems following. So is it reasonable that people in places where the merchants or those they buy from are not as ethical should have to maybe choose between enjoying their meals, or surviving them, just so that somebody else be slimy without undue interference? With how ever much charm, the author of this piece answers that question with a resounding "yes", and shows why Libertarianism is, as I've said, not about the promotion of personal freedom so much as it is about the promotion of personal irresponsibility.
thinkahol *

The Public Overwhelmingly Wants It: Why Is Taxing the Rich So Hard? | Economy | AlterNet - 0 views

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    The obvious answer is that rich people have political clout-but can it really be so simple?
thinkahol *

Tomgram: Glenn Greenwald, How the Rich Subverted the Legal System | TomDispatch - 0 views

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    As intense protests spawned by Occupy Wall Street continue to grow, it is worth asking: Why now? The answer is not obvious. After all, severe income and wealth inequality have long plagued the United States. In fact, it could reasonably be claimed that this form of inequality is part of the design of the American founding -- indeed, an integral part of it.
Michael Haltman

Flowchart: Should you vote for Barack Obama? - 11 views

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    This article provides a flowchart that will help someone who's on the fence decide if Obama is the right choice for them in the November election. If they answer honestly then all roads should lead to the upper right-hand corner!
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    It is quite funny to play with this
Chiki Smith

Understanding Why Cheating Happens - 1 views

I really do not understand why men cheat or why there are some women who are not quite content to stick to one man. I found the answers to these questions by reading The Handbook of Cheating. It is...

catch cheating spouse

started by Chiki Smith on 15 Dec 11 no follow-up yet
Arabica Robusta

Keane Bhatt, "Noam Chomsky on Hopes and Prospects for Activism: 'We Can Achieve a Lot'" - 1 views

  • I think he would take it for granted that elites are basically Marxist -- they believe in class analysis, they believe in class struggle, and in a really business-run society like the United States, the business elites are deeply committed to class struggle and are engaged in it all the time.  And they understand.  They're instinctive Marxists; they don't have to read it.
  • In fact, Malaysia also came out of the Asian crisis.  It was imposing capital controls.  Now the economists were all saying it's a disaster.  But they did quite well.  Same with Argentina, the former poster child for the IMF, leading to a serious crisis.  It then disregarded all the warnings and doctrines and the economy did very well, contrary to predictions.
  • using the multidimensional poverty index, there were 645 million poor, or 55 percent of India's population -- more than in the poorest 26 African countries combined. 
  • ...3 more annotations...
  • there is sometimes dramatic conflict between the developmentalists, like left president Correa, and the indigenous communities affected by mining and dams.  Also, Evo Morales, despite being hugely popular, recently had to deal with a very big general strike in Potosí.  What do you make of these dynamics?  What are the hopes and prospects in Latin America regarding raising living standards, the paths of industrialization, environmental considerations, the role of social movements, and avoiding state coercion?
  • I don't know of any simple general answer to your question of how this will all turn out.  The problems are often not simple.  A great deal is at stake, not just for the people of the countries.  Resource extraction impacts a global environment that is increasingly at severe risk.
  • You said, "It's quite striking that we and other western countries can't reach, can't even approach, can't even dream about the level of democracy they had in Haiti.  That's pretty shocking.  Here's one of the poorest countries in the world.  The population that organized to win that election is among the most repressed and impoverished in the world; they managed to organize enough to enter the electoral arena without any resources and elect their own candidate."  Praising Bolivia at the same time, you asked, "Is it believable that we can't do the same? . . . We can take lessons from them.  Anything they've done we can do a thousand times more easily."
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    The founding fathers were very concerned about the danger of democracy and spoke quite openly about the need to construct the democratic institutions so that threat would be contained.  That's why the Senate has so much more power than the House, to mention just one example.
Levy Rivers

Donklephant » Blog Archive » CBS Snap Debate Poll: Obama 39%, McCain 27% - 0 views

  • Here are the numbers from a poll of 500 uncommitted voters… How did the debate impact vote preferences? 15% say they are now committed to Obama 14% to McCain 70% are still uncommitted Would make the right decisions about the economy? McCain: 41% before the debate, 49% after Obama: 54% before the debate, 68% after Understands your needs? McCain: 35% before the debate, 46% after Obama: 60% before the debate, 80% after Prepared for the job of president? McCain: 80% before the debate, 84% after Obama: 42% before the debate, 57% after Did candidates answer the questions they were asked? 57% yes, 42% no — for both candidates Obama continues to dominate the “economic” and “understands my needs” categories.
Skeptical Debunker

Robert Reich: It's Time to Enact Health Care Reform With 51 Senate Votes - 0 views

  • Why haven't the President and Senate Democrats pulled the reconciliation trigger before now? I haven't spoken directly with the President or with Harry Reid but I've spent the last several weeks sounding out contacts on the Hill and in the White House to find an answer. Here are the theories. None of them justifies waiting any longer. Reconciliation is too extreme a measure to use on a piece of legislation so important. I hear this a lot but it's bunk. George W. Bush used reconciliation to enact his giant tax cut bill in 2003 (he garnered only 50 votes for it in the Senate, forcing Vice President Cheney to cast the deciding vote). Six years before that, Bill Clinton rounded up 51 votes to enact the Children's Health Insurance Program (CHIP), the largest expansion of taxpayer-funded health insurance coverage for children in the U.S. since Medicaid began in the 1960s. Through reconciliation, we also got Medicare Advantage. Also through reconciliation came the COBRA act, which gives Americans a bit of healthcare protection after they lose a job ("reconciliaton is the "R" in the COBRA acronym.) These were all big, important pieces of legislation, and all were enacted by 51 votes in the Senate. Use of reconciliation would infuriate Senate Republicans. It may. So what? They haven't given Obama a single vote on any major issue since he first began wining and dining them at the White House. In fact, Senate Minority Leader Mitch McConnell and company have been doing everything in their power to undermine the President. They're using the same playbook Republicans used in the first two years of the Clinton administration, hoping to discredit the President and score large victories in the midterm elections by burying his biggest legislative initiative. Indeed, Obama could credibly argue that Senate Republicans have altered the rules of the Senate by demanding 60 votes on almost every initiative - a far more extensive use of the filibuster than at any time in modern history - so it's only right that he, the President, now resort to reconciliation. Obama needs Republican votes on military policy so he doesn't dare antagonize them on health care. I hear this from some quarters but I don't buy it. While it's true that Dems are skeptical of Obama's escalation of the war in Afghanistan and that Republicans are his major backers, it seems doubtful R's would withdraw their support if the President forced their hand on health care. Foreign policy is the one area where Republicans have offered a halfway consistent (and always bellicose) voice, and Dick Cheney et al would excoriate them if they failed to back a strong military presence in the Middle East. This is truer now than ever. Reid fears he can't even get 51 votes in the Senate now, after Scott Brown's win. Reid counts noses better than I do, but if Senate Democrats can't come up with even 51 votes for the health care reforms they enacted weeks ago they give new definition to the term "spineless." Besides, if this is the case, Obama ought to be banging Senate heads together. A president has huge bargaining leverage because he presides over an almost infinite list of future deals. Lyndon Johnson wasn't afraid to use his power to the fullest to get Medicare enacted. If Obama can't get 51 Senate votes out of 58 or 59 Dems and Independents, he definitely won't be able to get 51 Senate votes after November. Inevitably, the Senate will lose some Democrats. Now's his last opportunity. House and Senate Democrats are telling Obama they don't want to take another vote on health care or even enact it before November's midterms because they're afraid it will jeopardize their chances of being reelected and may threaten their control over the House and Senate. I hear this repeatedly but if it's true Republicans have done a far better job scaring Americans about health care reform than any pollster has been able to uncover. Most polls still show a majority of Americans still in favor of the basic tenets of reform - expanded coverage, regulations barring insurers from refusing coverage because of someone's preexisting conditions and preventing insurers from kicking someone off the rolls because they get sick, requirements that employers provide coverage or pay into a common pool, and so on. And now that many private insurers are hiking up premiums, co-pays, and deductibles, the public is even readier to embrace reform.
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    This week the president is hosting a bipartisan gab-fest at the White House to try to tease out some Republican votes for health care reform. It's a total waste of time. If Obama thinks he's going to get a single Republican vote at this stage of the game, he's fooling himself (or the American people). Many months ago, you may recall, the White House and Democratic party leaders in the Senate threatened to pass health care with 51 votes -- using a process called "reconciliation" that allows tax and spending bills to be enacted without filibuster -- unless Republicans came on board. It's time to pull the trigger.
Skeptical Debunker

Op-Ed Columnist - Senator Bunning's Universe - NYTimes.com - 0 views

  • During the debate over unemployment benefits, Senator Jeff Merkley, a Democrat of Oregon, made a plea for action on behalf of those in need. In response, Mr. Bunning blurted out an expletive. That was undignified — but not that different, in substance, from the position of leading Republicans.Consider, in particular, the position that Mr. Kyl has taken on a proposed bill that would extend unemployment benefits and health insurance subsidies for the jobless for the rest of the year. Republicans will block that bill, said Mr. Kyl, unless they get a “path forward fairly soon” on the estate tax. Now, the House has already passed a bill that, by exempting the assets of couples up to $7 million, would leave 99.75 percent of estates tax-free. But that doesn’t seem to be enough for Mr. Kyl; he’s willing to hold up desperately needed aid to the unemployed on behalf of the remaining 0.25 percent. That’s a very clear statement of priorities.So, as I said, the parties now live in different universes, both intellectually and morally. We can ask how that happened; there, too, the parties live in different worlds. Republicans would say that it’s because Democrats have moved sharply left: a Republican National Committee fund-raising plan acquired by Politico suggests motivating donors by promising to “save the country from trending toward socialism.” I’d say that it’s because Republicans have moved hard to the right, furiously rejecting ideas they used to support. Indeed, the Obama health care plan strongly resembles past G.O.P. plans. But again, I don’t live in their universe. More important, however, what are the implications of this total divergence in views?The answer, of course, is that bipartisanship is now a foolish dream. How can the parties agree on policy when they have utterly different visions of how the economy works, when one party feels for the unemployed, while the other weeps over affluent victims of the “death tax”?Which brings us to the central political issue right now: health care reform. If Congress enacts reform in the next few weeks — and the odds are growing that it will — it will do so without any Republican votes. Some people will decry this, insisting that President Obama should have tried harder to gain bipartisan support. But that isn’t going to happen, on health care or anything else, for years to come.Someday, somehow, we as a nation will once again find ourselves living on the same planet. But for now, we aren’t. And that’s just the way it is.
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    So the Bunning blockade is over. For days, Senator Jim Bunning of Kentucky exploited Senate rules to block a one-month extension of unemployment benefits. In the end, he gave in, although not soon enough to prevent an interruption of payments to around 100,000 workers.But while the blockade is over, its lessons remain. Some of those lessons involve the spectacular dysfunctionality of the Senate. What I want to focus on right now, however, is the incredible gap that has opened up between the parties. Today, Democrats and Republicans live in different universes, both intellectually and morally.
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