Tax the Rich: An animated fairy tale
I found this video posted on JoeH’s Facebook page.
This should be easy enough for everybody to understand.
I found this video posted on JoeH’s Facebook page.
This should be easy enough for everybody to understand.
Here is an email that I sent to Elizabeth Warren.
It is time to take up this proposal from Franco Modigliani, Maria Luisa Ceprini and Arun Muralidhar that I have been touting since about 1999. This plan will have as profound an effect on our society as FDR’s original plan had in his day and since. I would love to discuss this with you.
It has been so long that some of my references to the plan have almost disappeared, but this 1999 working paper is still available.
http://dspace.mit.edu/bitstream/handle/1721.1/2740/SWP-4051-42747675.pdf?sequence=1
Senator Kennedy was going to arrange for Professor Modigliani to present this to the Senate. That presentation never happened as far as I know. Now both of them are gone. However, I know that Arun Muralidhar is still available and a well respected advisor on pension plans.
If this email gives me room, I will quote just a couple of paragraphs from the MIT working paper.
“The centerpiece of our plan is the creation of a new public fund (NF), which like Social Security (SS) is financed by mandated contributions, and will offer defined benefits, but which will be fully funded, and establish individual accounts. The defined benefit will be ensured by a guaranteed return on contributions.
“Each participant’s contributions will be credited to an individual account, together with the accrued returns. However, for investment purposes, all the funds will be pooled and invested in a single, highly diversified “indexed” portfolio consisting of an appropriate share of the market portfolio of publicly traded financial assets. Despite its diversification, the return of this portfolio would be somewhat risky and variable. But a defined benefit system requires a rate fixed in advanced. To achieve this result, we stipulate that the Government should stand ready to “swap” the return of the NF portfolio against a guaranteed real rate of return.”
There is also a book: Rethinking Pension Reform, Franco Modigliani, Arun Muralidhar.
This is the idea that President Obama should be pushing when he talks to the Republicans. Yes, it will blow their minds, but it is a serious proposal that I think could be the foundation of some profound changes to the way our society works.
Mother Jones has the article Elizabeth Warren to Wall Street Regulators: Put Big Bank CEOs in Jail.
In a letter to the Federal Reserve, the Securities and Exchange Commission (SEC) and the Officer of the Comptroller of the Currency (OCC), Warren lauded the overseer of the TARP bailout program for cracking down on financial industry players who wasted, stole, or abused the federal emergency funds doled out to banks during the financial crisis, and implied that the three banking regulators should also punish individuals who helped cause the financial meltdown.
Although the budget for TARP’s inspector general was “a small fraction of the size of the budgets and staffs at your agencies,” Warren pointed out, the program’s watchdog has brought criminal charges against nearly 100 senior executives; obtained criminal convictions on 107 defendants, including 51 jail sentences; and suspended or banned 37 people from working in the banking industry.
If the wording about the overseer of the TARP has you confused, read her letter.
This is the first time I have seen a comparison of one agency’s record of enforcement with these other agencies’ records. Nothing like a little evidence to embarrass the slackers.
You might want to put Elizabeth Warren’s letter in the context of The Real News Network video Justice Department Misrepresents JP Morgan Settlement.
Thanks for JacquelynW’s posting of the Elizabeth Warren story on her Facebook page.
The Daily Kos has the story GOP Rep Freaks Out when Confronted with Proof of ACA Success where the highlight the video below from CNN.
Perhaps you hate The Daily Kos, and don’t believe anything it says, but remember the video comes from CNN. CNN of late has been trying to mimic Faux Noise, but in this case, I think the anchor may have acted like a real journalist.
The ACA was modeled after Massachusett’s successful program, not Tennessee’s failed one as mentioned by the GOP Rep. The Kentucky governor said it took medicare a few years to work out all the kinks, not the 50 years mentioned by the GOP Rep. Other than letting these lies go unchallenged, the anchorwoman did a good job of showing who these Republicans really are.
I have already mentioned the Darwin Awards with regard to the people who are ideologically opposed to Obama (Care). Perhaps, as these people refuse to get health insurance because they would rather pay the penalty, their breed will die out due to the natural selection which they also refuse to believe in. What will Faux Noise do for an audience when their misinformation kills off the audience they have now?
I cannot find the article I read earlier today that explained some of the verification that the ACA web site has to do with a number of government databases. Since the Republicans got Obama to agree to additional ACA verification steps in order end the government shutdown, I wonder if these late changes had any impact on the software. Of course the software was having troubles a few weeks before this agreement was reached, so perhaps the initial troubles were not caused by this sudden change. However, the sudden change cannot be helping.
I have found two articles that may be interesting Err Engine Down: What really went wrong with healthcare.gov? and Obamacare contractors: Don’t blame us.
NancyW’s Facebook Page showed the video 9 Out Of 10 Americans Are Completely Wrong About This Mind-Blowing Fact.
Be the first in your neighborhood to see the video. Only 10,606,175 people have seen this on YouTube so far.
Maybe after viewing this, you will understand what my blog is all about.
The Rachel Maddow Show has the segment House Republicans’ unique appreciation for ‘expertise’.
From time to time, Republican officials will seek out advice from those who are a little … what’s the word … unusual.
For example, earlier this year, the Republican National Committee invited far-right provocateur David Horowitz, author of books such as “Killing Whitey,” to help the party “broaden the GOP’s appeal with voters.” His lack of credibility on the subject didn’t seem to bother party leaders. Similarly, around the same time, House Republicans sought out Dick Cheney for guidance on foreign policy, untroubled by his track record, too.
There is, of course, nothing wrong with seeking out experts for advice – indeed, it’s generally a good idea – but the key is identifying reliable, trustworthy authorities who can help others better understand complex issues and add value to a serious conversation.
It you missed Rachel’s opening segment last night – and my oh my do I hope you saw this one – there’s fresh evidence that Republicans’ appreciation for expertise is a little, shall we saw, skewed.
Rachel Maddow probably ought to get an award for telling the shaggiest shaggy dog story ever told.
It took me a while for her to remind me who this guy is, and then even longer to tie this in, although the headline ought to give this away almost from the start.
Organizing For America has the web page President Obama: The Affordable Care Act is More than a Website.
If we do not like the job the mainstream media is doing in getting the message out that “The Affordable Care Act is More than a Website”, there is more you can do than just grumble. You can help spread the word, just like I am doing with this blog post.
Upworthy featured this video in its story Ever Hear About The Lady Who Spilled Coffee On Herself At McDonald’s, Then Sued For Millions?
It’s really unbelievable what happened to Stella Liebeck. You just have to watch to see how the media turned on this little old lady who lived in Albuquerque. Obviously a villain, right? And at 5:00, prepare to see what the coffee actually did to her. It’s not pretty. Well … nothing in her situation was.
I have known the truth about this story for many years. I may have even blogged about it before. This is the first time I saw some of the pictures of her injuries.
What really burns me, is the talk of tort reform by people who base the idea on fictional beliefs about how our jury system works. (Yes, pun intended.)
Now that I think about it, isn’t bullying the way that Republicans have gotten their way since the days of Ronald Reagan? Maybe this is why I have stood up against Republicans since they started using these tactics. My experience is that standing up to bullies is the only way to handle them.
Found this on YouTube via The Real News Network:
Chris Hedges speaks about suing the Obama administration for the NDAA (Hedges vs. Obama), his experience with banned terror groups as a journalist, and unconstitutional government backlash both in and out of court. The Obama administration attack on civil liberties and abuse of military power through surveillance and assassination, Daniel Ellsberg, Chelsea Manning, Julian Assange and more are discussed with Sean Stone in this short clip of the full length Buzzsaw interview.
I’ll have to check my calculus books, but I think if you go off to infinity with right wing conspiracy theories, you can come back from infinity to the left wing.
There is one thing to note as described in The Boston Globe article Conspiracies: Five things they don’t want you to know.
Myth #4: Conspiracy theories are never true
A letter I received from Joaquin Castro and Trey Martinez Fischer had the link to the video below. By way of explanation, the letter started out as follows:
Today, San Antonio’s Judge Carlo Key, a Republican County Court Judge, is the latest elected official to leave the Republican Party and join Texas Democrats.
I wonder if Ted Cruz appreciates just how good a job he may be doing in finally turning around Texas politics.