Economics
The Politics of Resentment: Rural Consciousness and the Rise of Scott Walker
The Politics of Resentment: Rural Consciousness and the Rise of Scott Walker by UW-Madison Professor, Katherine Cramer Part 2
In Part 1, I summarized three themes people in the 39 rural groups spoke about: The role and size of government, taxes, and the animosity toward public sector employees. In Part 2, I will continue with the concerns of the rural people who were interviewed.
1. The need for good paying jobs. “[It’s a great place to live] if you like poverty.” Many people work two or more jobs while living in poverty. The mine was a contentious issue. ...
WEALTH AND MONEY, PART XIII: THE ROBBER BARON THEFT OF TECHNOLOGY
The investment - - and the enablement - - began 3.6 million years ago in Tanzania when two early humans stood upright and left the “Laetoli Footprints” in the wet volcanic ash. We do not know what these humans knew, but they had mastered enough of their environment to survive, because we are here today. We owe them a great debt.
A million years passed. Hammerstones and sharp stone cutting flakes were in use. Another million years passed and handaxes arrived. Hearths appeared 790,000 years ago. Humans had learned to control fire. Two hundred thousand years ago ...
THE PANAMA PAPERS
The leaker behind the recent Panama Papers scandal revealed thousands of shell companies the Panamanian law firm Mossack Fonseca used to hide assets for 14,000-plus wealthy individuals and corporations. Of note: Not many Americans were listed in the leak.
In “Panama of the North,” Susan Harley of Public Citizen’s Congress Watch division indicates the reason few Americans were listed: The US is already well-established as a tax haven. Most states, like Nevada, require less information to start a company than to get a library card, a driver’s license, or even a ...
FINALLY…A BREAK FOR WORKING PEOPLE
Near the turn of the century and into the 1930’s, in order to feed your family and put a roof over your head, workers had to endure six day workweeks, twelve hour work days and marginal time with their families. After decades of mistreatment, workers had enough. They formed unions and asserted their rights and dignity in the workplace. But the struggle for fairness and equality in the workplace did not end there and also continues to this day.
In 1938 labor unions were instrumental in getting Congress to pass the Fair Labor Standards Act which introduced the forty-h...
AUSTERITY IS THE ENDGAME
Austerity is the endgame, the final subjugation. It is the offspring of Ronald Reagan’s corrupt ideology that “government is the problem” and Bill Clinton’s corrupt deregulation of Wall Street - - the unholy marriage of neocon and neolib. It is the weapon of the oligarchy, the instrument of bondage and control.
We are in a rigged game, a game designed to transfer money upward while blaming all things public for our impoverishment, a game designed to starve government of the people while sparing nothing for government of the corporation. It is a game that ...
WEALTH AND MONEY PART XII: THE UNCONDITIONAL BASIC INCOME
“We must do away with the absolutely specious notion that everybody has to earn a living. It is a fact today that one in ten thousand of us can make a technological breakthrough capable of supporting all the rest. The youth of today are absolutely right in recognizing this nonsense of earning a living. We keep inventing jobs because of this false idea that everybody has to be employed at some kind of drudgery because, according to Malthusian-Darwinian theory, he must justify his right to exist. So we have inspectors of inspectors and people making instruments for ...
WEALTH AND MONEY PART XI: ENDING GOVERNMENT DEBT
The town of Plentyville had public land used to grow food for its people. The farmer was hired to plant the yearly crop and at harvest time the village sold the produce to its citizens for sustenance through the winter. Proceeds were used to provide community services.
The system worked well until a year when the farmer had problems with his tractor and had to spend his savings on repairs. Low on money, the farmer bought his annual seeds and fertilizer from the supply store on credit. This, of course, left him in debt. Because the supply store was waiting for payment ...
WEALTH AND MONEY PART X: DEBT – THE ULTIMATE WEAPON OF CONQUEST
“Meet the Campaign to Fix the Debt, the billionaire-funded project that uses Alan Simpson and Erskine Bowles as figureheads for a fear mongering campaign to convince Americans that the deficits the United States has run throughout its history have suddenly metastasized into “a cancer that will destroy this country from within.” It is the latest incarnation of Wall Street mogul Pete Peterson’s long campaign to get Congress and the White House to cut Social Security, Medicare and Medicaid while providing tax breaks for corporations and the wealthy.” ...
How Would You Spend $1 Trillion Dollars?
How Would You Spend $1 Trillion Dollars?
It is tax time again. Where do your taxes go? Would you rather see your tax dollars spent better? If you could be in charge, how would you spend $1 trillion?
Budgets are about choices. It is about choosing what you can do, or not do, with limited resources. Congress sets spending priorities each year in the Federal “discretionary” budget. They decide whether to spend more on education or tax breaks, cancer research or food stamps, space exploration or housing assistance, diplomacy or bombs.
The Federal budget ...
WEALTH AND MONEY PART IX: FRACTIONAL RESERVE BANKING AND THE FREE HOUSE
“Commercial banks create money, in the form of bank deposits, by making new loans. When a bank makes a loan, for example to someone taking out a mortgage to buy a house, it does not typically do so by giving them thousands of pounds worth of banknotes. Instead, it credits their bank account with a bank deposit of the size of the mortgage. At that moment, new money is created. For this reason, some economists have referred to bank deposits as ‘fountain pen money’, created at the stroke of bankers’ pens when they approve loans.”
- - Bank of England Quarterly ...