Daily Archives: January 14, 2014


Five Economic Reforms Millennials Should Be Fighting For

Rolling Stone has the article Five Economic Reforms Millennials Should Be Fighting For.

4. Make Everything Owned by Everybody

Hoarders blow. Take, for instance, the infamous one percent, whose ownership of the capital stock of this country leads to such horrific inequality. “Capital stock” refers to two things here: the buildings and equipment that workers use to produce goods and services, and the stocks and bonds that represent ownership over the former. The top 10 percent’s ownership of the means of production is represented by the fact that they control 80 percent of all financial assets.

This detachment means that there’s a way easier way to collectivize wealth ownership than having to stage uprisings that seize the actual airplanes and warehouses and whatnot: Just buy up their stocks and bonds. When the government does that, it’s called a sovereign wealth fund. Think of it like a big investment fund that buys up assets from the private sector and pays dividends to all permanent U.S. residents in the form of a universal basic income. Alaska actually already has a fund like this in place. If it’s good enough for Levi Johnston, it’s good enough for you.

This is exactly what I am suggesting for the Social Security Trust Fund. I didn’t want to mention this aspect of what would happen if the fund invested this way for fear that the 1% might wake up to this fact. Now that Rolling Stone has let the cat out of the bag, I guess there is not point in hiding this anymore.

It was the Daily Kos article When are we going to invade communist Alaska? that led me to the Rolling Stone article.


Colorado Pot Shop Accepting Food Stamps – Taxpayer Funded Marijuana for Welfare Recipients

National Report has the story Colorado Pot Shop Accepting Food Stamps – Taxpayer Funded Marijuana for Welfare Recipients.

In all, 136 licenses have been approved by the state of Colorado for retail operations for the purposes of selling marijuana.  A majority of those licenses were issued to businesses in Denver with just eighteen city stores completing the process in time for opening day. One of those shops, Rite Greens, located on E. Colfax Ave in Denver, has taken the steps needed to accept food stamps (now called EBT cards) for the purposes of purchasing marijuana effectively leading to taxpayer funded marijuana for welfare recipients.

I did find this disclaimer on the National Report web site.

*DISCLAIMER: The National Report is an online portal for “citizen journalists”. The views expressed by writers on this site are theirs alone and are not reflective of the fine journalistic and editorial integrity of National Report. Advice given is NOT to be construed as professional. If you are in need of professional help, please consult a professional. National Report is not intended for children under the age of 18.

Maybe I should also mention that I was led to this story by the Daily Kos article Fake news story apparently prompts real legislation in Colorado.

You might also want to check this out on the Snopes article Brownie Points.


Nation of Moochers 2

Nation of Moochers cartoon

Yes, it’s funny. Just remember that we are “forced” to make sarcastic jokes about the rich in order to right some injustices. However, in the back of my mind I do worry about being too successful at demonizing managers and CEOs.

Some of the productivity of workers comes from the introduction of labor saving capital investments – computers, automation, and machines in general. Some of these productivity enhancers were introduced by management to lower the cost of labor. If the remaining workers were given all the proceeds of this “cost reduction”, then there would be no net cost reduction. Some of the incentive to make the company more efficient would be taken away. Notice that I used the adjective “some”, not the adjectives “all” or “much”. This is not a binary decision to grant the workers all of the benefits or none of the benefits.

Also, while it seems to be true that some executives are being paid exorbitant salaries and perks, we should not forget that good executives do good work for the corporation. The corporation would not do very well without good people in all positions within the company including among the executive ranks.

Ok, now that I have gotten that out of my system, I can feel free to go back to my regular schedule of excessive demonizing of the ranks of the rich.


Yves Smith: Banks are still getting away with a lot

Naked Capitalism has the article Your Humble Blogger Speaks on RT: “Banks Are Still Getting Away With a Lot”.

I had fun on this interview, although there was one point where the host, Erin Ade, hit me with a remarkably broad question: what was the worst pre-crisis bank abuse? I neglected to include chain of title, the pretty much pervasive failure to transfer the mortgage rights as stipulated in securitization agreements to the trusts used to hold them. That actually was the most stunning thing I came across as more and more information came out after the the dust had settled. But it didn’t play directly into the meltdown, so I neglected to include it.


Warning: Know where your mute button on your computer is. There is introductory music and a break in the middle that can stand to be muted.


The interviewer, Erin Ade, seemed fairly knowledgeable during the interview with Yves Smith.

However, after the interview there was a segment of the program where she and produce Ed Harrison discussed a couple of viewer questions. This segment was so unintentionally silly, that I had trouble picking my jaw up from the floor. The first question did actually raise an issue with Modern Monetary Theory that concerns me a little. The answers by Erin and Ed were not worth listening to except to prove what a good actress Erin is. I actually thought she knew something for a while during the show.


According to Sen. Ron Johnson’s Doctor, Johnson’s Completely Wrong About ObamaCare 1

The Rachel Maddow Show has a Facebook post  about her article Meet Ron Johnson’s Doctor.

Sen. Ron Johnson (R-Wis.) has based much of his hatred of the Affordable Care Act on the medical care that saved his daughter.

According to the surgeon responsible for that life-saving care, Johnson’s completely wrong

What’s the matter with Wisconsin?  Too much cold weather?


The Prawer Plan: Bill on the Arrangement of Bedouin Settlement in the Negev

In light of the controversy I stirred up with my blog post Does Israel Have A Profoundly Democratic Political System?, I thought I would provide some pointers for further research.

A Google search of Prawer Law gives about 195,000 results.

Below are the links on the first page of search results, along with some biased excerpt selections from some of the articles.

Demolition and Eviction of Bedouin Citizens of Israel in the Naqab (Negev) – The Prawer Plan

The Prawer Plan: Act Now

Bill on the Arrangement of Bedouin Settlement in the Negev

The bill is described as part of a campaign to develop the Negev; bring about better integration of Bedouin in Israeli society, and significantly reduce the economic and social gaps between the Bedouin population in the Negev and Israeli society.[2] By contrast, Jewish families have been encouraged to settle in this part of the country to make the desert bloom and small, gated farming communities – fully serviced with water and electricity – have sprung up close to the Bedouin villages.[8]

The “Criticism” section of the above WikiPedia article says the following:

A United Nations committee has called for the withdrawal of the draft law that would move 30,000 Bedouin living in the Negev to permanent, existing Bedouin communities. Furthermore, the United Nations human rights chief urged Israel to reconsider a proposed law that would result in the demolition of up to 35 Bedouin villages, displacing as many as 40,000 members of these communities from their ancestral homes. “If this bill becomes law, it will accelerate the demolition of entire Bedouin communities, forcing them to give up their homes, denying them their rights to land ownership, and decimating their traditional cultural and social life in the name of development,” Ms. Pillay said. According to the Committee on the Elimination of Racial Discrimination, the Law for the Regulation of the Bedouin Settlement in the Negev is discriminatory and would legalize racist practices. Further critics of Prawer Plan include an independent human rights organization and legal center, Adalah Adalah which works to promote and defend the rights of Palestinian Arab citizens of Israel, 1.2 million people, or 20% of the population, as well as Palestinians living in the Occupied Palestinian Territory (OPT). The center describes the Bill – which was approved by the Israeli Knesset on 25 June 2013 with 43 votes for and 40 votes against, as discriminatory. It adds that the Bill calls for the mass expulsion of the Arab Bedouin community in the Naqab (Negev) desert in the south of Israel. If fully implemented, the Prawer-Begin Plan will result in the destruction of 35 “unrecognized”Arab Bedouin villages, the forced displacement of up to 70,000 Arab Bedouin citizens of Israel, and the dispossession of their historical lands in the Naqab. Despite the Arab Bedouin community’s complete rejection of the plan and strong disapproval from the international community and human rights groups, the Prawer Plan is happening now. Adalah further elaborates that Prawer-Begin Bill is an unacceptable proposition that entrenches the state’s historic injustice against its Bedouin citizens.

The European Parliament heavily criticized the plan.[9] In January 2012 hundreds of people protested the Prawer Plan, calling for the relocation of about 30,000 Beduins to recognized villages, in front of the Beersheba courthouse.[10] In September 2013 both Human Rights Watch and the United Nations Office of the High Commissioner for Human Rights (OHCHR) issued statements condemning Israel’s ongoing destruction of Palestinian homes and other structures, particularly in the occupied West Bank and the Negev desert in southern Israel.[citation needed]

The Prawer Plan

Under the Prawer Plan it is estimated that some 30,000 to 40,000 people in at least 25 of the unrecognized Bedouin villages would be forcibly relocated. The Israeli government would then level these villages.

Prawer plan defeated

The Israeli government officially announced that Knesset discussions about the Prawer plan will be halted. The meaning of this is that the government has backed away from attempts to pass the Prawer law and to threaten the Arab residents of the Naqab (Negev). This is first and foremost a huge victory for the popular struggle – the struggle of the Bedouins of the Naqab, the struggle of the determined young women and men who led the struggle, and for everyone who identified with the struggle and supported it. The radical right-wing also wanted to bury this law, but this occurred only when the regime understood that the Naqab will not resign itself and will not accept the law. It is alright to rejoice!

Prawer Plan buries the two state solution

Prawer Plan Back in Knesset, Causing Heated Debate

The controversial Prawer Plan to resettle residents of illegal Bedouin settlements underwent a second and third reading on Monday, despite earlier announcements that the bill would be dropped.

The plan would grant Negev Bedouins 180,000 dunam (45,000 acres) of state-owned land for free, as well as “compensation” for their relocation from illegal outposts.

The bill garnered controversy from both sides of the political spectrum. Arab and leftist groups objected to the forced relocation of 30-40,000 Bedouin Arabs; nationalist MKs argued that the plan rewarded the Bedouin population for engaging in illegal land grabs.

Government Drops Prawer Plan for Bedouins

Netanyahu vows to advance Beduin resettlement plan despite violent protests

Adalah: Withdrawal of the Prawer Plan bill is a major achievement

I leave it as an exercise to the reader to research the rest of the 195,000 items.