Do We Really Want To Soak The Rich?

Let's face it.  Everyone wants to be rich.  I find that thought rich with irony.   Let's face it.  An awful lot of us, when we're not thinking tax implications, we're playing lotto or the slots or the ponies or whatever else on which one can wager.  Always hoping.

We know the President wants wealth to be shared.  I have a problem making someone who has worked hard to earn it have to share it with those who have not.   That, however, could be a completely different post.

But let's look at it.  Those billboards that tell you what the current jackpots for Powerball and Mega Millions are.  Let's look at a recent Mega Millions jackpot worth $85,000,000.  A nice tidy sum to be sure.  How much of that would you actually get if you want the lump sum? First, because you take the lump sum you get whacked for an amount the takes it down to $56,000,000.  Whew!  Than the tax man shows up.  The Feds want 25%.  A cool $14,000,000 taking you down to $42,000,000.  Then the states want their share.  In Idaho where I live, it would be 7.8%, another $4,368,000 leaving you with $37,360,000.  Now that's nothing to sneeze at, but neither is what has been subtracted for the tax men!

At $37 million you would definitely be considered rich.  Since it's over $10million, you'd be among the 5% of taxpayers paying 50% of the taxes.  And they would tell you you're not paying your fair share.

It's also interesting to me that 231 of 535 members of Congress are millionaires and 55 of them are over that $10 million mark.  The most wealthy is a Republican, Darrell Issa, who's worth is in the vicinity of $300 million.  Rounding out the top three are  Democrats Jane Harman at $293 million, thanks to her husband's efforts and John Kerry, thanks to his wife's former husband's efforts, the late John Heinz.

If they think the wealthy aren't paying their fair share than they should write a check to the treasury!  Though it seems Kerry was reluctant to pay the taxes on his yacht, docking it in neighboring Rhode Island where taxes are less burdensome than his home state of Massachusetts.  The yacht cost a mere $7 million.  Massachusetts wanted $500,000.

Does he figure what's good for the goose isn't necessarily good for the gander?  Who knows.  I just got to wondering how it would feel if the shoe were on the other foot.  Unless I win that lottery, I'll never know.  I can't even imagine having the dollar amount of what they pay in taxes as income.

I don't resent them.  We're comfortable.  I'm  sure they have tax breaks and loopholes that I couldn't begin to name.  Some should undoubtedly be snugged up; especially if they aren't available to everyone.  But to say they don't pay their fair share.  I'm not so sure when in 2009 47% paid no federal taxes at all.

The next chapter is about to begin.  The President wants to "invest".  He has to pay for investments by raising revenue.  That means taxes.  It's only money. But whose?

  

The Country Held Hostage By One Special Interest

I'm shaking my head in bemusement as I write this. The mainstream Republican plan for getting the country out of it's financial crisis is flawed to say the least.  Better plans have been sabotaged by all sides.  Speaker Boehner could not gather the votes to pass it last night so he tweaked it today.

He added a provision that would insist on a balanced budget amendment.  It won't pass the Senate.  It's not a good idea anyway unless it makes provision for unexpected happenings like another Katrina or another Iraq or Afghanistan.  More off the books budgeting?  And what is gained?

What really makes me angry, however, is that through the past several weeks the country, no the world, has been waiting and watching to see how this little drama is going to play out.  We still don't know.  But the idea that the Club for Growth with their threats toward Tea Partiers could hold intelligent compromise hostage for an ideal that cannot be passed just baffles me.

Last night the shoe seemed on the other foot.  Tea Partier after Tea Partier appeared on camera declaring their fidelity to a plan not even on paper, not caring whether or not they were re-elected.  If true how come the Club for Growth has so much sway?  Oh my, you don't suppose there might be a tad of hypocrisy going around do you?

These who wouldn't budge because they were doing the 'peoples' bidding.  Oh?  It doesn't sound that way to me.  I don't think they are sure what they stand for but as long as their jobs are secure I don't think they care.

There's something to be said for new blood to elicit change but not when it comes to sacrificing the country in a pig headed manner, knowing full well they aren't going to win the war.  That will come later this weekend, hopefully, when the leaders of both houses sit down and hammer out the details of a compromise.

Last night one commentator remarked that the Republicans had become slaves of their own rituals.  It sounds like some spooky religion, doesn't it?  Who ever thought the sacrifice they'd offer up to those gods of rituals would be the fiscal stability and reputation of a nation.
Our nation.  And theirs.

Pelosi To The Rescue!

The current debt ceiling/deficit debate going on is important to be sure.  I've been doing a lot of ranting and raving about it for days now.  I must thank the former speaker, however, for adding some much needed levity with the comment,

"What we’re trying to do is save the world from the Republican budget . . . We’re trying to save life on this planet as we know it today."

Oh, don't I wish!  I wonder if she has a clue how idiotic that sounds.  It's right up there with her comment when health care passed; she said we could then all read it and find out what was in it!  To think this woman is one of the most powerful in the country.

Oh well, a good belly laugh now and then is good for the soul.  Forget the flaws in the Republican plan - and the Democratic plan.  Or that neither side trusts the other to keep their word. The problem is where both parties have taken us with their unlimited spending spree.

Somehow I just don't see Nancy saving us from what she herself and others like her have done to the country.  Life as it is today isn't so great when you consider the unemployment rate, the housing crunch,  the cost of gas and food and the humility thrust upon us by the TSA to mention a few.

Do us a favor Ms. Pelosi.  Don't bother.  As for the rest of the world?  Do it a favor and leave it alone.  They've managed to muck things up for themselves just as well, if not better, than we have, but the last thing they need is our help.  It would be like someone with a face full of Botox being asked to furrow their brow!

Politics As A Double Negative

As the debate over deficit reduction and debt ceiling drags on, I've drawn a couple of conclusions from recent reading.  Let me try them out on you.

 Let me address the members of congress who got there on the strength of tea party support first.  The more I see of them and listen to them the more I am convinced none of them could have gotten elected left to their own devices. Without tea party support they had nothing to offer against their opponents, especially other Republicans, except they were smart enough to know capitalizing on tea party issues could do the job.

For some it didn't work.  Thank heavens.  For too many others it did.  I sense they haven't a clue about how government works.  I also think they are deluded if they really believe they were elected to do the very thing they were to be against,  diminishing this country to the level of Europe. That's what their refusal to compromise on these debates is doing.  And, it's what Obama wants - for us to be on an equal level with Europe and no longer the leader that had been our destiny.  They were not elected to be obstructionists, but to find solutions.  The country was to come first, not ideology!

The more moderate Republicans are afraid of being 'primaried' by the likes of Grover Norquist who runs around with his 'pledges', threatening to run candidates against them if they don't sign.  Any politician who does is foolish.   Norquist is a self-appointed arbiter of what's good for all of us. Why anyone pays him any attention is beyond me but enough do and they fear him.

Hand in glove with all this, and my second theory, is the idea that public office should not be any one's career goal.  It wasn't intended that way, yet when I look at how office holders prostitute themselves to rise in the leadership ranks turns my stomach.

When George Nethercutt wrote recently about the climb to leadership, he had this to say.

When a member chooses a career path to congressional leadership, a member's independence is often compromised in favor of the leadership team, and the member's constituents are sometimes left behind.

Could anything be more damning?  I think not.  It gives you a pretty good idea what congressional leadership is all about.  Themselves.  What about the country?  What country.  Nothing exists outside of Washington.  Except the rest of the world.

Maybe, as has been suggested in times of frustration about the middle east,  we should build a fence around them so they can't get out and leave them to their own devices.

We, the people would have to do it though.  Those folks in Washington can't even get a secure one build along our border!

Pass the debt ceiling!  The next congress isn't beholden to anything the current one does anyway.  The deficit can't be fixed without a budget.  There is no budget.  Continuing resolutions do nothing more than extend spending at current levels and solves nothing.

Do I sound angry?  I am.  Thoroughly fed up with all the posturing and politicking on all sides including the President.

They all need to grow up and start thinking about the country as a whole.  And so do we, the voters, because we're the ones who put them in office and keep them there.

Whatever happened to "duty, honor, country"?  Especially country.  It starts with a 'C'.  Not an 'R' or a 'D'.

Blog Fest 2011

When you've been part of a community of bloggers for better than five years you see just about everything in the way of disparate personalities.  Such is the case here in Coeur d'Alene where 'family squabbles' have been plenty throughout the years.  Yet once a year most of us put those differences aside and gather at the annual blog fest to greet old friends and make new ones.

Why, some have even gotten to the point where they dress alike, or is it that blogger Herb Huseland so admires Huckleberries blog host Dave Oliveria he wants to emulate him in every way!  This wasn't Dave's choice for the photo of the festivities but it certainly is mine!

There were a lot of new faces this year, and names I was unfamiliar with, because as in all things, the format is an ever evolving one.  There are those of us who mostly blog.  There are those that both blog and comment on Dave's blog and there are those who mostly just comment.  Yet we all have the one thing in common that binds us together, Huckleberries Online .  It has been quite a ride over the years.  I've met people and been involved in so many things that would not have been possible without Huckleberries and Dave opening doors.

I hope his success and longevity continue, because whether or not I comment, his site is like the barbecue offered up for the feed.  Once you get a taste of it, it's hard to stay away.

Far better photos can be found through links on Huckleberries but here a few of my own.

Photos

I think I have the only video however.  You want to know what a blogger is?  Take a look then describe what you saw!  Good luck with that!