Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘cheating’

Cheating On Taxes, Bumming A Ride, And Economic Growth

Posted by Warm Southern Breeze on Wednesday, June 30, 2021

Renown U.S. economist John Kenneth Galbraith (1908-2006) identified an economic theory – the “horse and sparrow” – which he described thusly:

“If you feed the horse enough oats,
some will pass through to the road for the sparrows.”

Today, we call that “trickle down” economics – the theory popularized and promoted by POTUS Ronald Reagan. Never mind that the word “trickle down” just sounds so very wrong – the picture of urine being foremost – but the renown London School of Economics has recently put the kibosh on that idea, after studying history of 38 nations over 50 years which did the same thing – cut taxes on the wealthy in the hopes that it would provide economic stimulus of various and sundry types.

It did not.

For anyone who’s been paying even the slightest amount of attention, they would know that the world’s wealthiest man – Jeff Bezos – paid practically no income taxes on his vast personal fortune, neither did his corporation, Amazon. He was by no means the only one who shirked their patriotic duty by cheating the government, there were many more – billionaire pal Elon Musk is among them.

Dr. John Kenneth Galbraith, PhD, was a noted economist and author, the Paul M. Warburg Professor of Economics, Emeritus, at Harvard University, former Ambassador to India, and former Presidential Advisor. Internationally renown for development of Keynesian and post-Keynesian economics, he was equally well-known for his wit and candor, evidenced in his prolific writings, which included over 30 books. His last book was a 1999 memoir “Name-Dropping,” in which he wrote about the historical individuals whom he’d known in his long, colorful life as an economist, professor, ambassador, and lifelong liberal.
Harvard University News Office image handout

As well, PayPal founder Peter Thiel, another billionaire, took unfair and unjust advantage of a Roth IRA – a savings vehicle created and designed to benefit the working families of America – and using tricks and maneuvers not available to the average person, turned a retirement account worth under $2000 in 1999, into a $5 billion tax-free windfall by the end of 2019. That same year, Forbes estimated his net worth at $2.3 billion – less than half of his Roth IRA’s value.

In stark contrast, the average Roth IRA was valued at $39,108 at the end of 2018.

So, we have one perspective, but let’s put things in even more clear focus, shall we?

How much is $5 billion?

If every single one of the 2.3 million people in Houston, Texas were to deposit $2,000 into a bank today, the total of all their accounts would still not equal what Peter Thiel has in his Roth IRA.

Of course, since a Roth IRA is a retirement income savings vehicle, taxation of deposited funds is not just significantly deferred until after the 60th birthday of the depositor, it is 100% TAX FREE FOREVER. So in essence, he cheated the system.

While you, I, and other patriotic Americans are dutifully paying our income taxes like the loyal citizens we are – paying for all of our nation’s governmental services, military service members salaries, defense budget, and more – most all wealthy Americans are very happy to continue shirking their responsibilities to pay their fair share, and are even more happy that you, I, and every other red-blooded patriotic American are picking up the tab for them.

This article details exactly how PayPal billionaire Peter Thiel truly cheated a system which was NOT designed for wealthy individuals.
https://www.propublica.org/article/lord-of-the-roths-how-tech-mogul-peter-thiel-turned-a-retirement-account-for-the-middle-class-into-a-5-billion-dollar-tax-free-piggy-bank

This article cites prospective Congressional action which will likely be taken following publication, and discovery of the abuses of the Roth IRA by Peter Thiel, and other ultra-wealthy individuals.
The Ultrawealthy Have Hijacked Roth IRAs. The Senate Finance Chair Is Eyeing a Crackdown.
https://www.propublica.org/article/the-ultrawealthy-have-hijacked-roth-iras-the-senate-finance-chair-is-eyeing-a-crackdown

Now, as for the Horse And Sparrow Theory, a research paper by the London School of Economics found that, contrary to the assertions of those who promoted them, tax cuts upon the wealthy DO NOT improve the economy in any way whatsoever.

The study examined Read the rest of this entry »

Posted in - Business... None of yours, - Did they REALLY say that?, - Even MORE Uncategorized!, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , | Leave a Comment »

The “Gig” Economy is A Rigged Economy

Posted by Warm Southern Breeze on Thursday, May 13, 2021

“If I don’t have gas, I don’t work,” said Ronald Ross, 47, a DoorDash driver in Atlanta, as he fueled up his Chevy sedan.

Asked about government requests to avoid hoarding, he said:
“Forget that. It’s first come first serve. People have to look out for themselves. As long as they’re peaceful and all.”

https://www.reuters.com/business/energy/panicked-drivers-southeast-us-swarm-pumps-ignore-pleas-stop-hoarding-2021-05-12/


I ordered pizza recently from Little Caesars – they use DoorDash. They don’t have their own delivery driver employees like most other pizza companies do – even small ones. And unlike other standard traditional transactions in which one pays the vendor for their product, in the DoorDash model, you pay them EVERYTHING. The merchant does not bill.

DoorDash charged very handsomely for the service (various “fees” and such), and their total was about $10 – almost ½ the pizza price – most of which ($9) went to them.

There was a space for a tip. I purposely left it blank because Read the rest of this entry »

Posted in - Business... None of yours, - Even MORE Uncategorized!, - Faith, Religion, Goodness - What is the Soul of a man?, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News, - Round, round, get around, I get around. | Tagged: , , , , , , , , , , , , , , , , | Leave a Comment »

A Simple Guide For #ALpolitics Mainstream News Media Organizations

Posted by Warm Southern Breeze on Monday, October 5, 2015

Update: Saturday, 20 February 2021
NOTE: TO THE READER: As you read any story mentioning, involving or written by Donald V. Watkins, Sr., it must be borne in mind that he is now a Federal Convict, and along with his son, Donald V. Watkins, Jr., was found guilty of numerous charges. “Donald Watkins Sr. was convicted of seven counts of wire fraud, two counts of bank fraud and one count of conspiracy. Donald Watkins Jr. was convicted of one count of wire fraud and one count of conspiracy.” As of the date of this note, he is in Federal Custody at Oklahoma City Federal Transfer Center, an administrative security facility, having been relocated away from the minimum security Federal Prison Camp on Maxwell Air Force Base in Montgomery, Alabama.

DONALD V. WATKINS
Register Number: 36223-001
Age: 72
Race: Black
Sex: Male
Located at: Oklahoma City FTC
Release Date: 01/10/2024

Department of Justice, U.S. Attorney’s Office, Northern District of Alabama
FATHER AND SON SENTENCED TO PRISON IN MULTIMILLION-DOLLAR INVESTMENT FRAUD SCHEME
Tuesday, July 16, 2019
https://www.justice.gov/usao-ndal/pr/father-and-son-sentenced-prison-multimillion-dollar-investment-fraud-scheme

Here also is the SUPERSEDING INDICTMENT dated December 2018 entitled as:
IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ALABAMA SOUTHERN DIVISION, UNITED STATES OF AMERICA v. DONALD V. WATKINS, SR. and DONALD V. WATKINS, JR. – 2:18-cr-166-KOB-TMP
https://www.justice.gov/opa/press-release/file/1116081/download

See also: Donald Watkins, Son Sentenced For Federal Fraud Convictions
Updated Jul 16, 2019; Posted Jul 16, 2019
https://www.al.com/news/2019/07/donald-watkins-son-to-be-sentenced-for-federal-fraud-convictions.html

See also: Donald Watkins’ $1.5 Billion Question: Was It Ever Real?
Updated Feb 23, 2019; Posted Feb 23, 2019
https://www.al.com/news/2019/02/donald-watkins-15-billion-question-was-it-ever-real.html


A Simple Guide For Mainstream News Media Organizations

By Donald V. Watkins
©Copyrighted and Published (via Facebook) on October 5, 2015
Used with permission

I have a simple guide for Alabama’s mainstream news media organizations that want to assail or independently confirm the accuracy of our exclusive reporting on Governor Robert Bentley’s martial infidelity and misuse of taxpayer and donor money. Before starting, I want to note that I hold the individual record in Alabama for exposing the highest number of major corruption scandals involving public officials. Thus, I am going to give my fellow journalists some simple tips on effective investigative journalism as it relates to the governor’s cheating scandal.

First, ask for all of the text messages between the governor and Rebekah Caldwell Mason from January 2011 to the present. These records are public documents under Alabama’s Open Records Act. They are not confidential or privileged documents. They are Read the rest of this entry »

Posted in - My Hometown is the sweetest place I know, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

#ALpolitics @FirstLadyDB: Strength in the Face of Domestic Abuse

Posted by Warm Southern Breeze on Wednesday, September 23, 2015

Update: Saturday, 20 February 2021
NOTE: TO THE READER: As you read any story mentioning, involving or written by Donald V. Watkins, Sr., it must be borne in mind that he is now a Federal Convict, and along with his son, Donald V. Watkins, Jr., was found guilty of numerous charges. “Donald Watkins Sr. was convicted of seven counts of wire fraud, two counts of bank fraud and one count of conspiracy. Donald Watkins Jr. was convicted of one count of wire fraud and one count of conspiracy.” As of the date of this note, he is in Federal Custody at Oklahoma City Federal Transfer Center, an administrative security facility, having been relocated away from the minimum security Federal Prison Camp on Maxwell Air Force Base in Montgomery, Alabama.

DONALD V. WATKINS
Register Number: 36223-001
Age: 72
Race: Black
Sex: Male
Located at: Oklahoma City FTC
Release Date: 01/10/2024

Department of Justice, U.S. Attorney’s Office, Northern District of Alabama
FATHER AND SON SENTENCED TO PRISON IN MULTIMILLION-DOLLAR INVESTMENT FRAUD SCHEME
Tuesday, July 16, 2019
https://www.justice.gov/usao-ndal/pr/father-and-son-sentenced-prison-multimillion-dollar-investment-fraud-scheme

Here also is the SUPERSEDING INDICTMENT dated December 2018 entitled as:
IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ALABAMA SOUTHERN DIVISION, UNITED STATES OF AMERICA v. DONALD V. WATKINS, SR. and DONALD V. WATKINS, JR. – 2:18-cr-166-KOB-TMP
https://www.justice.gov/opa/press-release/file/1116081/download

See also: Donald Watkins, Son Sentenced For Federal Fraud Convictions
Updated Jul 16, 2019; Posted Jul 16, 2019
https://www.al.com/news/2019/07/donald-watkins-son-to-be-sentenced-for-federal-fraud-convictions.html

See also: Donald Watkins’ $1.5 Billion Question: Was It Ever Real?
Updated Feb 23, 2019; Posted Feb 23, 2019
https://www.al.com/news/2019/02/donald-watkins-15-billion-question-was-it-ever-real.html


Dianne Bentley: Strength in the Face of Domestic Abuse

By Donald V. Watkins
©Copyrighted and Published (via Facebook) on September 23, 2015.
Used with permission

Governor Robert Bentley abused Dianne Bentley emotionally, psychologically, and verbally. The abuse started when Rebekah Mason became Bentley’s closest advisor and lover during the governor’ first term in office. Bentley’s domestic abuse of Dianne was pervasive, degrading, and ugly, and his malicious words and deeds, ultimately left Dianne feeling irrelevant, disgraced, and utterly inadequate.

As Bentley’s romance with Rebekah Mason heated up, so did his abuse of Dianne. Though not physical in nature, Bentley’s abusive conduct was so disparaging towards Dianne that even the couple’s four sons and some of his grandchildren have felt the need to disassociate from him.

Once Bentley became governor, he changed. He was Read the rest of this entry »

Posted in - My Hometown is the sweetest place I know, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment »

Relationship Killers

Posted by Warm Southern Breeze on Saturday, December 4, 2010

Twenty-Five Relationship Killers

By Amy Waterman

The following relationship killers nip love in the bud. They’ll make it impossible for your partner to love you and, as a result, will cause your partner’s loving feelings to die. If any of them apply to you, it’s up to you to change yourself.

You cannot get your partner’s love back until …Continue…

Posted in - Uncategorized | Tagged: , , , , , , , | 2 Comments »

The title of this entry is “More sex!” No… Wait… Yes! “More sex!”

Posted by Warm Southern Breeze on Tuesday, March 23, 2010

Ta-daah! This entry is about…. SEX!

Yup.

Sex.

Specifically, sexual prophecy!

Oh yeah!

Read on! …Continue…

Posted in - Did they REALLY say that?, - Faith, Religion, Goodness - What is the Soul of a man? | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments »

 
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