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thinkahol *

Economic Scene; If taxes were lower, the economy would grow faster, right? Economists s... - 0 views

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    AS Election Day approaches, serious discussion about economic policies is hamstrung by the devotion of both parties to reducing taxes. The big reason, of course, is that President Bush emphasizes tax cuts, including elimination of the estate tax, to the exclusion of almost everything else. The Democrats, in turn, hesitate to propose an economic plan that does not include long-term reductions for middle-income workers, and most refuse to talk about rescinding the Bush tax cuts for the wealthy. But the degree of misleading information emanating from both Washington and the media about how taxes affect the economy is disturbing. As I listen to the radio, watch TV news and read a variety of newspapers, it seems that quite a few Americans, including economics writers and media hosts, think that low-tax countries unquestionably grow faster than high-tax economies. Right and left, they seem to attribute more rapid growth in America to lower taxes. What may surprise them is that there is no evidence for that. ''You can make a theoretical case that high taxes impede economic growth, but it is just not supported by the evidence in the U.S. or across countries,'' said William Easterly, a former World Bank economist soon to join the faculty of New York University.
Skeptical Debunker

Radical Anti-tax Groups Growing Threat, Say Law Enforcement - Local News | News Article... - 0 views

  • Stack's manifesto offers insight into his personal journey as a tax protester - and into the large and growing movement that attracted him. Passages of Stack's manifesto suggest that he was involved in a notorious home church scheme that was popular in the part of California where he lived before he moved to Texas, MacNab said. Stack wrote that he was part of a group who held tax code readings and "zeroed in on a section relating to the wonderful 'exemptions' that make institutions like the vulgar, corrupt Catholic Church so incredibly wealthy." He said they had "the best high-paid experienced tax lawyers in the business." MacNab said Stack likely was referring to a notorious scheme run by lawyers William Drexler and Jerome Daly. It was based on the idea that citizens could establish themselves as a church and gain the same tax exemptions afforded to religious institutions. The scheme didn't work, and Drexler and Daly were disbarred and imprisoned. If this was the operation Stack was referring to, it may have been a turning point in his life. He wrote: "That little lesson in patriotism cost me $40,000+, 10 years of my life, and set my retirement plans back to 0. It made me realize for the first time that I live in a country with an ideology that is based on a total and complete lie." This inspired him to take action, write to politicians and meet with likeminded anti-tax protesters. He wrote: "I spent countless hours on the L.A. freeways driving to meetings and any and all of the disorganized professional groups who were attempting to mount a campaign against this atrocity." His anti-tax and anti-government beliefs may also have been fueled by Section 1706, an obscure and relatively unknown change in the tax code that focused on his industry and went into effect in 1986. Section 1706 essentially removed technical workers like software engineers from a safe haven classification of "self-employed consultant," making it easier for the IRS to challenge how Information Technology companies classified their employers. An association of IT companies and industry professionals, now called TechServe Alliance, was created to protest the changes in tax law that it says singled out the industry. "It made the whole business riskier for people using independent contractors because it favored the so-called employment business model," Mark Roberts, TechServe CEO, told FoxNews.com. "It created havoc on a number of folks." Roberts was quick to condemned Stack's behavior as "an act of a very, very sick individual." "I don't see a long-term lasting effect, just a troubled wayward person acting in response to a legitimate issue. But I don't think that actually impacts the issue," Roberts said. Noting that Section 1706 was passed years ago, he added: "We still resent the fact that it singles out the industry, but folks have basically learned to adapt. It's kind of been awhile since this was a burning issue in the industry."
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    Joseph Stack, the 53-year-old software engineer who crashed his small plane into a seven-story office building in Austin, Texas, was part of a growing, violent anti-tax and anti-government movement that has become increasingly alarming to law enforcement agencies.\n\nStack, who torched his home Thursday morning before setting out on his suicide flight, was fueled by his hatred of the Internal Revenue Service, which had offices and employed nearly 200 workers in the building.
thinkahol *

The Tory/Lib-Dem Government endorses actual change - Glenn Greenwald - Salon.com - 0 views

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    Over the past couple years, I've written numerous times about the serious left-right coalition that had emerged in Britain -- between the Tories and Liberal Democrats -- in opposition to the Labour Government's civil liberties abuses, many (thought not all) of which were justified by Terrorism. In June of 2008, David Davis, a leading Tory MP, resigned from Parliament in protest of the Government's efforts to expand its power of preventive detention to 42 days (and was then overwhelmingly re-elected on a general platform of opposing growing surveillance and detention authorities). Numerous leading figures from both the Right and Left defied their party's establishment to speak out in support of Davis and against the Government's growing powers. Back then, the Liberal Democrats' Leader, Nick Clegg, notably praised the right-wing Davis' resignation, and to show his support for Davis' positions, Clegg even refused to run a Lib Dem candidate for that seat because, as he put it, "some issues 'go beyond party politics'."
thinkahol *

Robert Reich (The Truth About the American Economy) - 0 views

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    The U.S. economy continues to stagnate. It's growing at the rate of 1.8 percent, which is barely growing at all. Consumer spending is down. Home prices are down. Jobs and wages are going nowhere. It's vital that we understand the truth about the American economy. How did we go from the Great Depression to 30 years of Great Prosperity? And from there, to 30 years of stagnant incomes and widening inequality, culminating in the Great Recession? And from the Great Recession into such an anemic recovery?
thinkahol *

Sounds of Resistance are Growing Join Americans Fed Up With Big Finance Americans Acr... - 0 views

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    Are you tired of big banks making record profits, paying giant executive salaries and bonuses and then cooking the books so they avoid paying taxes?  We are.  And, we are responding.  Join us.On April 15 in Union Square Park in New York City at 11:00 AM we are holding a "Sounds of Resistance Concert" and protest against the big corporate banks that have undermined the U.S. economy and displaced families from their homes. Big Finance has taken more than a trillion from the Department of Treasury and Federal Reserve to pay for their casino gambling on Wall Street but they are still forcing people out of their homes, not lending to small businesses and choking the economy.The concert will feature political hip-hop/rock powerhouse Junkyard Empire with special guests Broadcast Live and Sketch the Cataclysm. Chris Hedges will speak about the growing culture of resistance. Other performers and speakers are invited.The protest will include a picket of the Union Square Bank of America - a major culprit in the great rip off of the American taxpayer.This concert and protest are part of the effort to build the urgently needed movement to shift power to the people and away from concentrated capital interests.                                        
Joe La Fleur

Minnesota Sheriff Reports to Congress on Growing Somalia Muslim Gang Threat - Atlas Shrugs - 0 views

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    OBAMA PROMOTING MUSLIM TERRORISM
thinkahol *

t r u t h o u t | Fail and Grow Rich on Wall Street - 0 views

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    Welcome to the brave new world of post-bailout capitalism. The Commerce Department announced Tuesday that corporate profits are at their highest level in U.S. history, and the Fed released minutes of an early November meeting in which officials predicted a stagnant economy and continued high unemployment.
thinkahol *

Live From Egypt: The Rebellion Grows Stronger - 0 views

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    Cairo, Egypt-In the second day of defiance of a military curfew, more than 150,000 protesters packed into Tahrir Square Sunday to call on President Hosni Mubarak to step down. The mood was celebratory and victorious. For most, it was not a question of if, but when, Mubarak would leave.
thinkahol *

As Scorn for Vote Grows, Protests Surge Around Globe - NYTimes.com - 0 views

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    MADRID - Hundreds of thousands of disillusioned Indians cheer a rural activist on a hunger strike. Israel reels before the largest street demonstrations in its history. Enraged young people in Spain and Greece take over public squares across their countries.
Muslim Academy

Other Languages Muslims speak - 0 views

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    There are number of languages in world. Different people speak different languages. As the Muslims also exist in near about every part of the world so Muslims also have languages other than Arabic. More than half the world's Muslims are non- Arabs. Most Muslims grow up speaking any number of languages other than Arabic. In Iran, most Muslims speak Persian; in Afghanistan, Pushtu, Dari (a dialect of Persian), or Uzbek; in Pakistan, perhaps Sindhi, Baluchi, or Punjabi; in India, Hindi, Kashmiri, or Urdu; in Bangladesh, Bengali. In Malaysia the person who professes to be Muslim, habitually speaks the Malay language, adheres to Malay customs and is domiciled in Malaysia. They use Malay language as native language. Bosnian Muslims living in Bosnia or also called Bosnikas, referred to Bosnian Muslim mostly speaks Greece, Germaniums languages as well as other native language. About 500,000 Muslims from Greece, predominantly of Turkish speaks Turkish languages.
Michael Haltman

Will the BP oil spill in the Gulf Of Mexico make that company disappear? - 0 views

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    BP bankruptcy: As the oil continues to flow and the environmental disaster continues to grow, it is a scenario that has to be given some credence.
thinkahol *

Ocean changes may have dire impact on people - 0 views

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    "Scientists reveal the growing atmospheric concentrations of man-made greenhouse gases are driving irreversible and dramatic changes to the way the ocean functions, with potentially dire impacts for hundreds of millions of people across the planet. "
thinkahol *

A hidden world, growing beyond control | washingtonpost.com - 0 views

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    "The top-secret world the government created in response to the terrorist attacks of Sept. 11, 2001, has become so large, so unwieldy and so secretive that no one knows how much money it costs, how many people it employs, how many programs exist within it or exactly how many agencies do the same work."
thinkahol *

The "mosque" debate is not a "distraction" - Glenn Greenwald - Salon.com - 0 views

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    The toxic sentiments fueling Park51 opponents only grow, making the issue far from a "distraction"
thinkahol *

PERRspectives: Record U.S. Income Gap Widening Again - 0 views

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    "In June, an analysis from the Center on Budget and Policy Priorities confirmed that gap between rich and poor in the United States reached levels not seen since 1929. Between 1979 and 2007, the yawning chasm separating the after-tax income of the richest 1 percent of Americans from the middle and poorest fifths of the country more than tripled. But while the Bush recession which began in December 2007 temporarily halted the stratospheric advance of the wealthy, the rich - and the rich alone - have largely recovered their losses. Which means that the record level of income inequality in America is growing once again."
thinkahol *

t r u t h o u t | Why Millions March in France, but Not in the US - 0 views

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     The basic issue is the same there and here. Capitalism generates another of its regular, periodic crises, only this one is really bad. It begins, as often happens, in the financial sector where credit invites the competition-driven speculation, the excess risk-taking, and the corruption that explodes first. But precisely because the non-financial rest of the economy is already on shaky feet -- resulting from the growing economic divides between the mass of workers and the corporate profiteers -- the financial breakdown is spread by the market to the entire economy.
thinkahol *

Roll up, roll up! The laws of the United States are now officially for sale! : Johann Hari - 0 views

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    The laws and policies of the legislature of the United States of America are now effectively on eBay, for sale to the highest bidder. Are you a Wall Street boss who wants to party like it's 2007? Are you a Big Coal baron who wants to burn, baby, burn? Are you an insurance company that wants to be able to kick sick people off your rolls? Meet John Boehner, the most powerful Republican and soon-to-be Speaker of the House. But -- of course! -- you already have. Here's an example of how you have worked together. In 1995, the House was going to finally repeal subsidies for growing tobacco, because an addictive cancer-causing drug didn't seem like the most deserving recipient of taxpayers' cash -- until Boehner walked the floor of the House handing out checks from tobacco lobbyists to his fellow elected representatives. They changed their minds. The subsidy stayed. Explaining his check-dispensing, Boehner says: "It's gone on here for a long time." So get your bids in: The House is open for business.
thinkahol *

Stand Up to Corporate America: Protests to Mark the Anniversary of Citizens United v. F... - 0 views

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    Demonstrations to Mark the Anniversary of Citizens United v. FEC on January 21 & 22 The movement to take a stand against Corporate America and amend the Constitution to prevent corporate control of our elections is growing stronger every day. Public Citizen is working with organizations to mobilize nationwide demonstrations around January 21, 2011: the one-year anniversary of the day the Supreme Court handed down its outrageous 5-4 decision in Citizens United v. Federal Election Commission.
Skeptical Debunker

Top Fed Official Warns Jobs Will Be Scarce As 'Paradigm Shift' Slows Hiring - 0 views

  • In remarks at the University of San Diego, Federal Reserve Bank of San Francisco President Janet Yellen said that rather than experiencing a "V-shaped recovery," the economy will continue to be sluggish and won't be operating at its full potential until 2013. As reasons, she cited consumer anxiety due to the high unemployment rate; a housing sector that "could weaken again"; "very nervous and exceedingly cost-conscious" businesses; and a commercial real estate market that won't contribute to growth "for some time." For workers, though, her prognosis was particularly dire: the labor market will be slow to recover because businesses have learned that they can cut workers yet maintain output.
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    A top Federal Reserve official warned Monday that even as the economy starts to grow again, employers are likely to continue squeezing more productivity out of workers rather than start hiring new ones, thereby prolonging the economic crisis for the millions of unemployed.
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