I'd rather be a Republican but........


By iwog   Follow   Mon, 2 Apr 2012, 11:46am   14,038 views   118 comments
In Lafayette CA 94549   Watch (0)   Share   Quote   Permalink   Like   Dislike  

Friday I was faced with the daunting task of clearing numerous building permits on a house that I'm renovating. The stupidity of American bureaucracy (three major pointless code updates since 2009) had me thinking that in another era, I'd almost certainly be a Republican. I went home and cleaned my handguns.

Then this morning I'm reading the news and I remembered why I'm not a Republican. While Democrats are often mislead by special interests, too beholden to liberal fringe groups, and sometimes err on the side of caution for petty causes that don't benefit anyone, Republicans have become the party of slash and burn.

The key here is Republican leaders have no intention of replacing the decimated government with freedom. This is the fundamental error of Tea Partiers and other free-market Republicans. They want to replace the government with an entrenched aristocracy and use corporate power to carry out policy.

Private prisons, private police forces, private schools, private roads, private utilities, private courts, and private money.

Take a look around the country and see how things have changed:

Money
1980
Almost all transactions are by cash or check. People traveling use cashier's checks they acquire for a small nominal fee. Credit cards are almost exclusively used for dining while free store cards predominate for gasoline and department stores.

2012
Almost all transactions are by credit card. Banks take 3% of every single purchase, and to encourage this theft they sometimes kick back 1% to the buyer. (if you have good credit)

Courts
1980
Federal, state, and local courts administer all civil justice and criminal fines.

2012
Nearly all civil litigation with corporations now occurs in kangaroo court mediation sessions and deference to these private courts are now part of almost every contract. These mediators find in favor of the corporation more than 99% of the time. Traffic tickets are now collected by private companies in most cases, and sometimes these same corporations are also in charge of giving tickets for camera infractions.

I've got more examples but everyone knows the way things are going, and before someone shouts "DEMOCRATS ARE TAKING AWAY OUR FREEDOMS!" remember that deregulation and privatization are Republican (and Tea Party) wet dreams. What they need to realize is the result of shrinking government is not freedom, the result of shrinking government is private tyranny.

THIS is why I'm not a Republican. Democrats are flawed, but their faults are crystal clear and they are open to attack because government is transparent. Republicans on the other hand are flawed, but their flaws are quickly hidden by burying them in Haliburton or Blackwater or Robert Mericle.

Who is Robert Mericle? http://en.wikipedia.org/wiki/Kids_for_cash_scandal

Republicans today are the LITERAL carriers of George Orwell's "1984" Big Brother dystopia. They want it, they vote for it, and they are at least half way to achieving it. You can either push is further down that road and help kill off whatever government we have left, or you can try and put government......REAL government that can be controlled, back in charge of the country.

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  1. FortWayne


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    1   12:00pm Mon 2 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    Why would you want to be constrained to either party?

    If CA Democrats were so good our state wouldn't be permanently out of money with widespread theft at the city employee level.

  2. freak80


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    2   12:04pm Mon 2 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    FortWayne says

    If CA Democrats were so good our state wouldn't be permanently out of money with widespread theft at the city employee level.

    I thought you were from Fort Wayne. Is there a Fort Wayne in California?

  3. freak80


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    3   12:07pm Mon 2 Apr 2012   Share   Quote   Permalink   Like (1)   Dislike  

    iwog says

    They want to replace the government with an entrenched aristocracy and use corporate power to carry out policy.

    Correct. "Free market" is code for Crony Capitalism.

  4. iwog


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    4   12:11pm Mon 2 Apr 2012   Share   Quote   Permalink   Like (2)   Dislike  

    FortWayne says

    Why would you want to be constrained to either party?

    If CA Democrats were so good our state wouldn't be permanently out of money with widespread theft at the city employee level.

    I do vote Republican in California when it is merited. Davis was corrupt so I voted for Arnie, but Jerry Brown was clearly a conservative Democrat with good ideas so I voted for him.

    I'm talking mostly about national politics. California is screwed up financially, but more blame can be assigned to Prop. 13 and the initiative system than liberals.

    Are things here too politically correct and liberal? Yes. Are California liberals going to pay judges to send children to prison so a private corporation can make more money? No.

  5. FortWayne


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    5   1:16pm Mon 2 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    If prop 13 were to be repealed all of the retirees who live in our neighborhood on social security would be on a street or would require huge government subsidies just to survive.

    It's a good prop for the residents of CA. The once who don't like it are the greedy government unions because they want to tax us to pay for their ever escalating benefits and pensions. They'll have no problem throwing people out onto the street if they can fund their golden pension benefits in the process.

    CA doesn't have a revenue problem, they do have a huge spending problem. And another huge issue with theft and corruption. And that's all our CA democrats who have been in charge seems like forever now.

  6. Patrick


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    6   1:27pm Mon 2 Apr 2012   Share   Quote   Permalink   Like (2)   Dislike  

    Your reasoning is correct, but people don't vote for rational reasons. At least the lower-class Republicans don't.

    They vote for images, stereotypes, team, and tribe. No reasoning! Reasoning itself is supect -- faith is the only virtue!

    http://campaignstops.blogs.nytimes.com/2012/03/17/forget-the-money-follow-the-sacredness/

    This is the great insight of the ruling class and the fatal weakness of American democracy. For example, using images and simple spin, it is easy to rename the estate tax to the "death tax" and cut it, even though only the 0.3% wealthiest Americans would ever pay it, and absolutely zero small businessmen and farmers. A pure win for the aristocracy!

    Prop 13 was a similar win, where the rallying cry of "Don't kick out grandma" was used to mask the real intention of exempting businesses and landlords from paying property tax.

    So to get votes, rational people should co-opt the right wing symbols. You have to plaster huge flags, crosses, soldiers, and white people on your campaign. Let the details be rational, but go all-out insanely Nazi nationalistic with your symbols.

    Any graphic artists out there want to help with this?

  7. Vicente


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    7   1:29pm Mon 2 Apr 2012   Share   Quote   Permalink   Like (2)   Dislike  

    FortWayne says

    If prop 13 were to be repealed all of the retirees who live in our neighborhood on social security would be on a street or would require huge government subsidies just to survive.

    If people are so worried about Mrs. Grundy, repeal all the the other parts and leave ONLY protection for primary dwelling with no inheritance of tax basis.

    Wait, the conservatives aren't opposed to the commercial side of Proposition 13 and it's crony capitalist protection of entrenched industries? Color me surprised!

  8. iwog


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    8   1:34pm Mon 2 Apr 2012   Share   Quote   Permalink   Like (2)   Dislike  

    FortWayne says

    If prop 13 were to be repealed all of the retirees who live in our neighborhood on social security would be on a street or would require huge government subsidies just to survive.

    Not necessarily. Prop. 13 can be modified to exclude transfers to children and grandchildren and transfers between partnerships and corporations. That would solve most of the problem right there. No one would be forced to move and California would become competitive again for business.

    FortWayne says

    It's a good prop for the residents of CA. The once who don't like it are the greedy government unions because they want to tax us to pay for their ever escalating benefits and pensions.

    I've said it before and I'll say it again. "Greedy government unions" is simply code for "people still clinging to a middle class standard of living". We're driving headlong into a two class society, and gutting compensation for government workers......... REAL workers like teachers and firefighters and police officers, will only make the economy worse.

    FortWayne says

    CA doesn't have a revenue problem, they do have a huge spending problem. And another huge issue with theft and corruption. And that's all our CA democrats who have been in charge seems like forever now.

    California has a revenue problem. The state has been charged with doing too much by citizens who have rubber stamped nearly every bond issue ever put on a ballot. The ONLY WAY CALIFORNIANS ARE GOING TO CUT BACK IS TO INCREASE TAXES AND MAKE IT PERSONAL. Electing Republicans to cut the budget would be a disaster because they would likely cut taxes too.

  9. freak80


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    9   1:39pm Mon 2 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    Patrick says

    For example, using images and simple spin, it is easy to rename the estate tax to the "death tax" and cut it, even though only the 0.3% wealthiest Americans would ever pay it, and absolutely zero small businessmen and farmers. A pure win for the aristocracy!

    I even got a flyer in the mail that had a picture of an "average" family looking over the grave of their grandfather.

    The estate tax is absolutely essential for preventing an aristocracy.

  10. Patrick


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    10   1:48pm Mon 2 Apr 2012   Share   Quote   Permalink   Like (1)   Dislike  

    Yes, the estate tax and fair property taxes are the main ways to prevent America from turning into feudal Europe.

    In the book "unSpun" by Jackson and Jamieson that I'm reading, page 115 talks about how the American Farm Bureau could not find one single instance of any farm in America that had to be sold to pay estate taxes.

  11. FortWayne


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    11   2:45pm Mon 2 Apr 2012   Share   Quote   Permalink   Like (3)   Dislike  

    Patrick says

    Yes, the estate tax and fair property taxes are the main ways to prevent America from turning into feudal Europe.

    Patrick you should define fair, for everyone fair is different. With 10% state taxes, sales taxes, gas taxes, all the little fees everywhere that add up.... I think here in CA we are way beyond past the fair part of it all to the land of government lala land of tax and spend.

    When my wife worked at the city, the city bought pencils (in some crony insider deal) for a $1/pencil, all when just walking down the street to Staples one could buy the same pencils for 10c/each without even having to go bulk. Brought by the same people who buy politicians year after year just so they can increase the size of their pensions.

  12. FortWayne


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    12   2:47pm Mon 2 Apr 2012   Share   Quote   Permalink   Like (1)   Dislike  

    iwog says

    California has a revenue problem. The state has been charged with doing too much by citizens who have rubber stamped nearly every bond issue ever put on a ballot. The ONLY WAY CALIFORNIANS ARE GOING TO CUT BACK IS TO INCREASE TAXES AND MAKE IT PERSONAL. Electing Republicans to cut the budget would be a disaster because they would likely cut taxes too.

    A lot of people want state to cut out the fraud and abuse. Maybe unions need to come to reality that pensions need to be cut and reformed. Instead they are goosed every year with overtime and other pension spiking resulting in a state that will never have enough money to cover the liabilities.

  13. marcus


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    13   3:16pm Mon 2 Apr 2012   Share   Quote   Permalink   Like (1)   Dislike  

    FW makes shit up.

    It's true that when things were booming, unions got some increases that were unwise in hindsight. But they have gotten squat since 2008. DOn't kid yourself. Only decreases in fact.

    PEnsion reform probably will have to happen, and may involve both workers and the state putting a little more in to the funds, or at least workers doing so, but it will be fairly easy to fix.

    I'm fascinated by the idiots that have no clue what our pensions are. They think it's just some perk paid by the state. No ! It's a percentage of our salary that goes into a fund and is matched by the state. It shows on our check each month as a deduction. For teachers this is in place of social security.

    It's just part of the way we are compensated, and it's part of a contract. When teachers pay in to a fund for 30 to 40 years, and you enviously hear about their wonderful pension, you should realize, you could sock money away for 30 or 40 years too.(btw, I came to teaching late and won't be getting any big pension)

    They can't just "lower pensions." What would that even mean ?

    FW is an echo chamber for the right wing propaganda machine. You should try thinking for yourself FW. You can do it.

  14. marcus


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    14   3:22pm Mon 2 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    Not only did it show an overwhelming majority (83 percent) of Californians agree that pension systems are a problem that needs reform, but it showed nearly two-thirds support among public employees themselves.

    http://www.mercurynews.com/opinion/ci_20259412/sam-blakeslee-republicans-back-jerry-browns-pension-reforms

  15. socal2


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    15   3:43pm Mon 2 Apr 2012   Share   Quote   Permalink   Like (2)   Dislike  

    marcus says

    I'm fascinated by the idiots that have no clue what our pensions are. They think it's just some perk paid by the state. No ! It's a percentage of our salary that goes into a fund and is matched by the state. It shows on our check each month as a deduction. For teachers this is in place of social security.

    I am fully aware of it. I work for a private engineering firm and bid on California government projects all the time. Most California municipal projects require we pay our people Prevailing Wage. In virtually every category from our engineers to field surveyors, the Prevailing Wage Rate is nearly double the pay and benefits of what we pay our people.

    Check out the basic "laborer" classification for SoCal. It's nearly $100,000/year when you include pensions and other benefits. It's a total joke and totally unsustainable.

    http://www.dir.ca.gov/dlsr/pwd/Determinations/Southern/SC-023-102-2.pdf

  16. marcus


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    16   4:02pm Mon 2 Apr 2012   Share   Quote   Permalink   Like (2)   Dislike (1)  

    socal2 says

    In virtually every category from our engineers to field surveyors, the Prevailing Wage Rate is nearly double the pay and benefits of what we pay our people.

    I'll admit, nearly 60K in pay, plus nearly another 40K in benefits is good pay. Shoot,...if you have a wife working for another 40K you might be able to barely support a small family in California. That is insane for 2012 in California. 60K in 2012 is like getting 22K in 1980 (according to a CPI calculator - note cpi generally understates inflation) .I wonder what they paid for that work back then ?

    Yeah, you're probably right. This shouldn't go on. It gives support to the wages of others, but they all need to fall to a slave wages level. The sooner all workers are fucked the better !

    I think the gist of your argument is that times are tough, and they need to be tough for EVERYONE, except the 1%, or maybe it's the 10% ?

  17. Patrick


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    17   5:39pm Mon 2 Apr 2012   Share   Quote   Permalink   Like (2)   Dislike  

    FortWayne says

    Patrick you should define fair

    Seems easy enough to define fair. Fair property taxes are the same percent of property value for everyone.

    What's unfair is for one person to pay only 10% of what the person next door in an identical property pays.

    It's even less fair that corporations, which do not die, get their tax rate fixed at the time of purchase. With inflation, this means that they will eventually pay about 0%, while the rest of us pay their property taxes for them.

  18. FortWayne


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    18   6:01pm Mon 2 Apr 2012   Share   Quote   Permalink   Like (1)   Dislike (1)  

    marcus says

    Yeah, you're probably right. This shouldn't go on. It gives support to the wages of others, but they all need to fall to a slave wages level. The sooner all workers are fucked the better !

    It doesn't work that way Marcus. Contrary to what government unions believe, money does not grow on trees. To pay you, government has to take it from someone else.

    And as you can tell, this system of enabling corruption of tax and spend cronyism isn't working out too well for CA. Constantly growing numbers of poor, government programs, and more poverty in a self feeding cycle... while government just taxes more and spends more.

    Andyou should be honest, you guys don't care for "workers wages". The only wages you care for is yours. Benefits union workers in CA get are better than executives in well to do businesses can afford.

  19. FortWayne


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    19   6:10pm Mon 2 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    Patrick says

    Seems easy enough to define fair. Fair property taxes are the same percent of property value for everyone.

    What's unfair is for one person to pay only 10% of what the person next door in an identical property pays.

    They had that before, and it was hurting a lot of older folks because government property taxes were forcing them out of their residences into poor house.

    I think it would be fair if government did not take any property taxes at all from anyone, at least on primary residences. This way old folks would be ok, and younger crowd would not feel the full force of the state racket.

  20. iwog


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    20   6:58pm Mon 2 Apr 2012   Share   Quote   Permalink   Like (3)   Dislike (1)  

    FortWayne says

    To pay you, government has to take it from someone else.

    This deserves an entire University to analyze. The complexity of the modern economic arrangement is very complicated, which is why factions quickly form on either side.

    To pay anyone anything you've got to take it from someone else.

    That's not an argument.

    Most rich people don't produce anything. Warren Buffett, sometimes the richest man in the world, has never produced anything. All he does is organize the producers. If you examine it more closely, all he does is organize the organizers of the producers. His value to society is absolutely zero. His big wins, Coca Cola, American Express, etc. would have produced just as much had Warren Buffett never been born.

    And it's not just investors who leech the system. A CEO doesn't produce anything either unless he's one of the tiny minority of innovators who have successfully transitioned from producer to exploiter. These people are as rare as hen's teeth and should NEVER be used as examples of the norm. Unfortunately Republicans drink this Kool Aid every day and refer to robber barons as "producers". It's kind of a sick joke.

    Anyway back to my main point. Every square inch of farmland in California is owned by someone. So are 100% of the water rights. To eat, you must take something from someone else! However the total number of farm jobs is a tiny fraction of the population of California. A fraction of a fraction of a fraction of a percent. The total consumption by farmers of goods and services is also a teeny tiny fraction of a percent.

    So what.........millions of us are supposed to starve??

    A comprehensive answer would be extremely complicated. The short version is that humans have devised millions of different activities to create demand for the food that farmers don't really need to sell us. This is obvious in a closed system but not so obvious in a huge economy. Suffice to say that we've invented an incredibly huge service economy to distribute overly productive workers and prevent mass starvation.

    So what is it you really want? California's budget cut by billions? Demand for food cut by billions? Farms lying fallow because demand disappears? People starving?

    That's what happened during the Great Depression. Fiscal responsibility is a mirage. It's a pipe dream that sounds good but translates into a horror movie. The reason taxes keep going up, the reason it seems like more and more of our money is being taxed, is because more and more of us are doing nothing to create wealth.

    You've been lied to. The host isn't rich people and the leeches aren't the working poor and the unemployed. The host is the working poor. The mexican farm workers, the mechanics, the home builders, the ditch diggers, the fishermen, the miners, the teachers, the fire fighters, and the roofers.

    You and I and most people with money are the leeches. Ayn Rand got it exactly backwards. Atlas isn't the robber barons. Atlas isn't Steve Jobs or Warren Buffett or the investors or the bankers or the trust babies.

    Atlas is a poor Mexican picking your food. If every man and woman worth over $100 million disappeared tomorrow, if every last one of them was carried back to heaven, the world would function exactly the same way as it does now.

    If every person in the country making minimum wage disappeared tomorrow, the economy would collapse, people would starve, and we'd probably be in a new Dark Age.

  21. iwog


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    21   7:05pm Mon 2 Apr 2012   Share   Quote   Permalink   Like (3)   Dislike  

    Sometimes I turn things into an essay without wanting to.

    The economy is exactly as large as it needs to be to consume all we produce. If you gut middle class workers, you gut demand and therefore you send our collective standard of living spiraling down the drain. You CANNOT simply trim billions out of our economy without replacing it with something else.

    Balancing budgets with huge spending cuts and eventual tax cuts is suicide. You'll be taking money spent at Safeway and replacing it with money sent to the Cayman Islands and Dubai. This is the short answer. There's a reason we're not seeing 1933 conditions and it is almost entirely due to deficit spending by governments. That's the bottom line for me.

  22. Patrick


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    22   7:25pm Mon 2 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    FortWayne says

    it was hurting a lot of older folks because government property taxes were forcing them out of their residences into poor house.

    I think it would be fair if government did not take any property taxes at all from anyone

    Woah, in one line you go from protecting poor old people to giving away billions to corporations!

    If you want to protect poor old people, do THAT and nothing else. Don't force the rest of us to pay for the 0.1% corporate corrupters of our laws.

  23. marcus


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    23   3:09am Tue 3 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    FortWayne says

    Andyou should be honest, you guys don't care for "workers wages"

    Of course I care about what I earn. Who doesn't ?

    I was responding to socals point about laborers being overpaid, because he can find others to do it cheaper.

    MY point was not meant to be all encompassing. It was simply that in these times where things are somewhat reversed from where they were 50 years ago, with unions under huge pressure (to the extent they even exist anymore), and government laborers payed a premium compared to what the market place for some types of labor, those government jobs are significant and they are a big part of the market place for laborers.

    If you cut their pay, it does allow relative pay to drop for labor across the board. And don''t forget, those health benefits are supporting health care which is 16% of our economy. Somebody has to pay for that health care. And Iwog is right, our economy is a service economy. WE supply good and services to each other. When you intentionally cut the middle classes ability to buy those goods and services, you destroy our economic potential.

    FW, why don't you try to at least explore the possibility that Iwog is right? I know the answer to that. If you tried to understand it, your head might explode.

  24. Nomograph


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    24   6:52am Tue 3 Apr 2012   Share   Quote   Permalink   Like (2)   Dislike (1)  

    marcus says

    FW makes shit up.

    FortWayne just repeats what he hears on AM talk radio. He's another AMbot who doesn't bother to think for himself.

  25. FortWayne


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    25   7:29am Tue 3 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    iwog says

    Sometimes I turn things into an essay without wanting to.

    The economy is exactly as large as it needs to be to consume all we produce. If you gut middle class workers, you gut demand and therefore you send our collective standard of living spiraling down the drain. You CANNOT simply trim billions out of our economy without replacing it with something else.

    Balancing budgets with huge spending cuts and eventual tax cuts is suicide. You'll be taking money spent at Safeway and replacing it with money sent to the Cayman Islands and Dubai. This is the short answer. There's a reason we're not seeing 1933 conditions and it is almost entirely due to deficit spending by governments. That's the bottom line for me.

    No one is gutting "middle class workers" here. The unsustainable government system with theft and corruption, with buying politicians to vote in more and more benefits which can't be sustained is what is wrong here.

    I'm sure you've heard the news about LA City missing several million dollars worth of fuel, because all the people in charge here allowed for the "honor system" city employees to defraud taxpayers for a while now. And that is not the first scandal there. These things here are periodic, and no one ever gets fired for them either.

    And now the left is waging a class warfare on the middle class with their "millionnaire tax" on everyone making $250,000 or more. So they can take the money and give it away to their crooked friends. Because that money never ends up spent on services, it always goes into a bottomless pit with no accountability of any kind.

    I'm telling you Iwog, CA is done if the way this government runs doesn't change. There is way too much fraud for any kind of taxes or programs to work.

  26. FortWayne


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    26   7:33am Tue 3 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    Patrick says

    Woah, in one line you go from protecting poor old people to giving away billions to corporations!

    If you want to protect poor old people, do THAT and nothing else. Don't force the rest of us to pay for the 0.1% corporate corrupters of our laws.

    I'm not giving away billions to corporations. Not taking money from old folks on social security is not equivalent to "giving away the store to corporations".

  27. zzyzzx


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    27   7:56am Tue 3 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    FortWayne says

    If prop 13 were to be repealed all of the retirees who live in our neighborhood on social security would be on a street or would require huge government subsidies just to survive.

    Wouldn't most of them just move someplace cheaper to live?

  28. FortWayne


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    28   7:58am Tue 3 Apr 2012   Share   Quote   Permalink   Like (1)   Dislike  

    zzyzzx says

    Wouldn't most of them just move someplace cheaper to live?

    Yes, out of California to Texas.

  29. thunderlips11


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    29   8:44am Tue 3 Apr 2012   Share   Quote   Permalink   Like (1)   Dislike  

    FortWayne says

    Contrary to what government unions believe, money does not grow on trees. To pay you, government has to take it from someone else.

    Most money is created out of the banks' money multiplier function - fractional reserve banking.

  30. edvard2


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    30   8:48am Tue 3 Apr 2012   Share   Quote   Permalink   Like (2)   Dislike  

    FortWayne says

    If prop 13 were to be repealed all of the retirees who live in our neighborhood on social security would be on a street or would require huge government subsidies just to survive.

    The problem with prop 13 is that its a law that should have never been enacted in the first place simply because once it was passed, its one of those laws that will probably never get repealed because for those who happened to be around when it was passed, the results have been a windfall for them. Why would an older person seek to repeal something that has so greatly benefited them? Oh- and old people vote too.

    What should have happened is that California should have enacted a measure that's similar to most other states: Everyone has to pay progressive taxes up to a certain age then their taxes get either reduced or they don't pay current rates. That way the old folks get protected but the majority of the taxes are in lockstep with current values. This would serve as a sort of safety valve to keep prices from grossly overinflating since any rise in home prices would be counteracted with a rise in taxes, thus an undesired consequence that would make buyers and owners think twice.

  31. bdrasin


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    iwog says

    Sometimes I turn things into an essay without wanting to.

    No need to apologize, awesome rant.

  32. freak80


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    32   9:24am Tue 3 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    edvard2 says

    Oh- and old people vote too.

    That's why we get more "socialism" even under Republican administrations. Like Medicare D. ;-)

  33. uomo_senza_nome


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    33   9:54am Tue 3 Apr 2012   Share   Quote   Permalink   Like (2)   Dislike  

    iwog says

    His value to society is absolutely zero.

    Warren Buffet is the classic rent-seeker in the economy.

    Henry George nailed it in his essays on rent-seeking.

    Rent does not, in any way, represent any aid or advantage to production. Rent is simply the power to take part of the results of production.

    Rent, in short, is the price of monopoly. It arises from individual ownership of the natural elements -- which human exertion can neither produce nor increase.

    The wealth produced in every community is divided into two parts by what may be called the rent line -- that is, by the return that labor and capital could obtain from natural opportunities available without rent. Wages and interest are paid from below this line. Everything above it goes to rent.

    Warren B has also been thoroughly ripped apart by the blogger FOFOA, here .

  34. iwog


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    34   10:28am Tue 3 Apr 2012   Share   Quote   Permalink   Like (1)   Dislike  

    FortWayne says

    No one is gutting "middle class workers" here. The unsustainable government system with theft and corruption, with buying politicians to vote in more and more benefits which can't be sustained is what is wrong here.

    The only reason you know about the theft and corruption is government is somewhat transparent and these scandals get exposed periodically.

    Drive the state economy into private hands, which is exactly what you do when you balance budgets and make the aristocracy bigger, and you can have theft and corruption for decades without any of it seeing the light of day.

    Both liberals and conservatives hate graft and corruption. That isn't an ideological issue and you gain nothing by putting Republicans in charge. All you get is more privatization of public resources which is ALWAYS a bad thing.

  35. tatupu70


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    uomo_senza_nome says

    Warren B has also been thoroughly ripped apart by the blogger FOFOA, here .

    Wow--I read that article and the blogger is a moron. Warren's arguments were entirely more persuasive. How on earth can you conclude that the blogger scored ANY points??

  36. iwog


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    36   10:37am Tue 3 Apr 2012   Share   Quote   Permalink   Like (1)   Dislike  

    uomo_senza_nome says

    Warren B has also been thoroughly ripped apart by the blogger FOFOA,

    Just because Warren Buffett doesn't benefit society directly doesn't mean he shouldn't exist.

    Rich capitalists are the carrot that inspire people to achieve. Without lottery winners, no one would play the lottery.

    I just think that Warren Buffett could inspire people equally as well being worth 100 million as he could being worth 50 billion. I don't blame him for winning the game, I blame the dead end game itself. It needs to be changed.

  37. uomo_senza_nome


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    37   10:47am Tue 3 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    tatupu70 says

    How on earth can you conclude that the blogger scored ANY points??

    LOL, we differ on our perspectives on gold, yes? But at the very least, the blogger at least made a compulsive argument as to why Warren B HAD to diss gold. Because people like you listen to Warren B and deposit money into stocks, he will make money by knowing when the market is mispriced. He is the perfect insider. After all, he got a stake in Goldman just before Lehmann crashed. I wonder if he would have done that, had Goldman Sachs were not recognized as a bank holding company (and therefore eligible for Fed discount window?)

    The crony capitalism of Warren B stares cold at your face and if you still wish to ignore it, as I said -- you have your eyes closed.

  38. uomo_senza_nome


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    tatupu70 says

    Warren's arguments were entirely more persuasive.

    And also just a foot note: Watch what Warren does, not what he says. ;)

    http://jessescrossroadscafe.blogspot.com/2012/02/warren-buffett-buys-us-precious-metals.html

  39. uomo_senza_nome


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    39   10:51am Tue 3 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    iwog says

    I don't blame him for winning the game, I blame the dead end game itself. It needs to be changed.

    But you are ignoring the fact that the game itself is rigged by people like Warren B. You want the game to be changed, while at the very same time ignoring the root cause for why the game is the way it is.

  40. tatupu70


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    uomo_senza_nome says

    But at the very least, the blogger at least made a compulsive argument as to why Warren B HAD to diss gold. Because people like you listen to Warren B and deposit money into stocks, he will make money by knowing when the market is mispriced.

    If one were to make this argument, I would have expected some evidence that this were the case. Such as--here are the times Warren hyped up his companies and here is when he sold. But, the argument given is extraordinarily weak. WB doesn't like gold as an investment and writes an article explaining why--therefore he is trying to make his stock holdings rise?? That is VERY thin.

    uomo_senza_nome says

    After all, he got a stake in Goldman just before Lehmann crashed. I wonder if he would have done that, had Goldman Sachs were not recognized as a bank holding company (and therefore eligible for Fed discount window?)

    Warren certainly enjoys some opportunities that the normal investor doesn't due to him immense wealth. I don't begrudge him that. Should he turn down good investments when they call him? Is that fair to his shareholders?

    If you have evidence of Buffet's crony capitalism, please share it. (fyi--saying yes when someone calls you asking for money is not crony capitalism)

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