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Poverty is a Crime

When you decide to buy a house, like most people you take a loan out from a bank. As a result, the bank actually owns the house until it is paid off. But, while the bank/mortgage company owns the house, you’re paying the property taxes and insurance to protect the property that the bank owns yet the bank pays nothing, plus the bank is earning interests on the loan you’ve taken out to buy the house in the first place. It’s a win-win for the bank. The banks and mortgage companies can also sell your house and make money on it while paying no taxes and getting interests on your house that they actually own and can foreclose on you. Taxes should be pro-rated. They, the banks and mortgage companies, pay most of the taxes at first but then as the loan gets paid down, you pay more of the taxes until you own the house at which time you pay one hundred percent of the taxes and you have no more interest to pay. Most home loans are for fifteen or thirty years. Just think about the taxes you pay ...

Unions Should Support UBI

For the universal basic income (UBI) to work it must be for all—the very poor to the very rich and those in-between. If the rich do not want the UBI, they can opt out and used elsewhere. If all received UBI, no group of people can be named or vilified for taking the money. The unions should want a UBI because if there were a UBI, unions could focus on work place safety, training, productivity, healthcare and pensions. The unions would no longer be vilified for wanting higher wages than the nonunion workers. The unions need to get behind the UBI as part of their strategy for the future and their survival. Union employees could possibly start their own business like I did when I received the GI Bill money to go to school. The GI Bill provided enough for me to go to school, buy groceries while working for a sheet metal union job during the day. The people who are going to fight against a UBI would like to divide workers, unemployed, rich, race, poor, gender, lifestyle, union and nonun...

Where's the Outrage?

Where is the outrage? Why are the old Fox television viewers not outraged over the gas prices, which are now more than $3.99 and higher a gallon? Food is also escalating in prices, as are the cost of heating and cooling our homes and businesses. Most of the Fox watchers are Social Security pensioners with limited income, which, thanks to Ronald Reagan, is taxed—again. Even with Medicare, most have to drive to the doctor’s appointment and gas at $3.99 a gallon, leaves less in the food and housing budget. All you hear from these old people is crickets about why this is happening. Think back to when President Obama was in office and how loud they screamed about gas prices and how he wore a tan suit—all because they were spoon fed outrage from Fox entertainment news. How are these people paying the difference in these rate increases? Is it by credit cards, skimping on their medications, applying for other government assistance programs, like Meals on Wheels, relying on family members or ...

UBI Gaining Traction

What does a universal basic income (UBI) and a board game have in common? Free money. When the game Monopoly was originally invented as The Landlord’s Game back in the early 1900s by Elizabeth Magie, it was created as a teaching tool to help people understand the consequences of David Ricardo’s Law of Economic Rent and Henry George’s concept of economic privilege and land value taxation. Hence, a player buys a piece of property and then puts a railroad on it, if another player lands on that property they have to pay a price to the land’s owner. Magie’s intent in creating the game was to teach and help people understand that renting property enriches the owner while impoverishing the tenant into bankruptcy, especially those not under rent control. The concept of this game has been used as a teaching tool internationally, as well. It’s the game’s “Pass Go Collect $200” that brings it around to the UBI concept. Trump has ensured the rich receive a UBI of sorts by cutting their taxes...

Where the Money Goes

If we want to stop wars and get more jobs, we have to take the profit out of wars. We do this by nationalizing the arms production. By doing this, the government, our government, would control the so-called “military industrial complex,” as Republican President Dwight D. Eisenhower called it. The U.S. Government’s military budget for 2019 is $686 billion, that is larger than the next top five countries: China at $168.2 billion, Saudi Arabia at $82.9 billion, Russia at $63.1 billion, India at $57.9 billion and the United Kingdom at $56.1 billion. The U.S. gives Israel military aid and sells armaments to Saudi Arabia. The 2020 U.S. military budget is expected to be $989 billion. Now imagine how much of this is spent on contractors, like Lockheed Martin, Boeing, Northrop Grumman, Raytheon, General Dynamics, and the others, and then add on the tax break trump has already given these corporations. How much of this money is actually going to protect us since the threats we face now aren’t...

High Cost of Low Wages

I recently had a conversation with a person who asked why no one wants to work at minimum wage jobs. While this is a good question, it also shows how disconnected the person, who lives a comfortable life, is from the economic reality of so many in our country.  This person pays workers $9 to $11 an hour to do work in a large orchard. I suggested that perhaps some people have given up seeking work because the income they’d earn would amount to them merely existing on minimum wage. Minimum wage workers may earn enough to pay rent and maybe have a little leftover for food but little else, like gas, utilities, car insurance and clothes. Low wages are not a good motivation to go to work with the prospect of never getting ahead. It's not hard to empathize with these workers when you learn what Robert Reich recently pointed out, “Wall Street bonuses totaled $27.5 billion last year, which is more than 3 times the combined annual earnings of all American workers employed full-time at the...

Billionaires for Change

Billionaires want to save the capitalism. There are and have been many people with ideas on how to fix the capitalist system so that it will work for everyone. Thomas Piketty (who wrote Capital), Bill Gates, (who created Microsoft) Thomas Paine (who wrote Common Sense Rights of Man), and Peter Barnes (who wrote With Liberty and Dividends For All). There is no silver bullet to fix capitalism. It will take many measures, such as bringing back the cash corporation and the very rich have stashed in offshore accounts. This money needs to be brought and put back into the flow of capitalism. The estate tax needs to be reinstated; the practice of inheriting extreme wealth from one generation to the next in families just allows the family’s power to grow with each generation. There is also the idea of charging payment for the use of our Commons, which some people and large corporations use freely, such as the air, water, minerals, courts, laws, protection of patents, our armed forces protect...