Re-Examining Personal Income Taxes

Those who encourage tax cuts on the wealthy & corporations are misguided.

Here’s why:
They mistakenly believe that by reducing taxes upon the wealthy, it will increase their consumption – or, that in their benevolence, they’ll “create jobs” for the masses. (Which is also why they’re treated like “sacred cow job-creators.”)

Nothing could be further from the truth.

The wealthy already consume more. They consume more conspicuously, and they consume more governmental services.

No one “hates” the wealthy.

At least I don’t.

But, we ALL expect them to pull their fair share, not shirk their responsibilities, and we expect them NOT push their fair share onto others who are less capable.

I continue to analogize the matter this way:

There are THREE people who MUST move an 800-pound boulder:
1.) A Strongman body builder;
2.) An 80-year old, 80-pound Granny, and;
3.) An Average man.

Should we tell

Welcome The F-35 Lightning II To Alabama!

I’ve just heard/read the news that the 187th Fighter Wing at Dannelly Field in Montgomery has been chosen to get a fleet of the Lockheed Martin F-35 Lightning II Joint Strike Fighter Mission jet aircraft.

That’s the $1.45 TRILLION-dollar TOTAL LIFETIME OPERATION COST of operations, cost-overrun, over-budget, faulty, so-called “do-everything” aircraft which can’t do an aerial “dogfight,” and the money already spent upon it ($350Billion) could have LITERALLY purchased a “McMansion-priced home” ($600K – over 2x the average price of the average US house), for EVERY SINGLE HOMELESS person in our nation –and– had plenty of money left over.

It’s part and parcel of what late, former WWII Supreme Allied Commander, former-two term Republican POTUS Dwight David Eisenhower called the “military industrial complex” in his Farewell Address the evening of January 17, 1961, as a two-term Republican, under whose leadership our nation grew like “gangbusters,” our infrastructure expanded phenomenally and exponentially, and under who the Personal Income Tax Rates upon the VERY WEALTHIEST of Americans was 90%+, with Corporate Income Tax Rates 40+%.

The Lockheed Martin F-35 Lightning II Joint Strike Fighter

“Until the latest of our world conflicts, the United States had no armaments industry. American makers of plowshares could, with time and as required, make swords as well. But now we can no longer risk emergency improvisation of national defense; we have been compelled to create a permanent armaments industry of vast proportions. Added to this, three and a half million men and women are directly engaged in the defense establishment. We annually spend on military security more than the net income of all United States corporations.

“This conjunction of an immense military establishment and a large arms industry is new in the American experience. The total influence — economic, political, even spiritual — is felt in every city, every State house, every office of the Federal government. We recognize the imperative need for this development. Yet we must not fail to comprehend its grave implications. Our toil, resources and livelihood are all involved; so is the very structure of our society.

Thoughts On Fidel Castro’s Death & American Foreign Policy

Cuban President Raoul Castro – Fidel Castro’s younger brother – announced on Cuban television late last night (Friday, 25 November 2016) that Fidel had recently died, aged 90.

There are powerful lessons in Cuba for America.
Among them:

• When Corporations rule government, corruption inevitably ensues.

• American Foreign Policy has almost always favored Corporate Business Interests, especially in modern history.

• For well over 60 years, American Foreign Policy has largely been a disastrous failure.

The United States had dominated Cuba ever since the island nation became independent from Spain following the Spanish-American War in 1898, and Castro deeply distrusted America for that reason. Shortly after he assumed power in Cuba, at the invitation the American Society of Newspaper Editors, Fidel Castro made his only trip to the United States, and later met with then-Vice President Richard Nixon April 15, 1959 shortly before returning to Cuba. Eisenhower purposely avoided Castro, and specifically played golf that day to avoid any possible opportunity of meeting with him. Within four months of Castro’s trip to Washington D.C., the Eisenhower administration had drawn up a plan to overthrow him.

“In a manner certain to antagonize the Cuban people, we used the influence of our Government to advance the interests of and increase the profits of the private American companies, which dominated the island’s economy. At the beginning of 1959 U.S. companies owned about 40% of the Cuban sugar lands – almost all the cattle ranches – 90% of the mines and mineral concessions – 80% of the utilities – and practically all the oil industry – and supplied two-thirds of Cuba’s imports.”

Remarks of then-Senator John F. Kennedy at a Democratic Dinner, Cincinnati, Ohio, October 6, 1960, from the John F. Kennedy Presidential Library

Acknowledging that it was a “glaring failure of American foreign policy… that our own shortsighted policies helped make,” then-Senator John F. Kennedy, remarked at a Democratic Dinner, Cincinnati, Ohio, October 6, 1960 that Cuban regime change under Castro “ended in the overthrow of the brutal, bloody, and despotic dictatorship of Fulgencio Batista.”

Ironically, under Batista, the twice-president tyrannical military dictator of Cuba, the idyllic island nation was

Misplaced American National Priorities: Fraud in the Department of Defense

The Department of Defense is a bloated organization, rife with fraud, waste and abuse.

Even then-Secretary of Defense (SECDEF) Donald Rumsfeld remarked on Monday, September 10, 2001, that, “According to some estimates, we cannot track $2.3 trillion in transactions. … We maintain 20 to 25 percent more base infrastructure than we need to support our forces, at an annual waste to taxpayers of some $3 billion to $4 billion. Fully half of our resources go to infrastructure and overhead, and in addition to draining resources from warfighting, these costly and outdated systems, procedures and programs stifle innovation as well.”
ref: http://www.defense.gov/speeches/speech.aspx?speechid=430

More recently, on December 21, 2010, the Governmental Accountability Office wrote that they “cannot render an opinion on the 2010 consolidated financial statements of the federal government, because of widespread material internal control weaknesses, significant uncertainties, and other limitations.”
ref: http://www.gao.gov/press/financial_report_2010dec21.html

In his capacity as Acting Comptroller of the United States, Gene Dodaro wrote that, “(1) serious financial management problems at the Department of Defense (DOD) that have prevented DOD’s financial statements from being auditable, (2) the federal government’s inability to adequately account for and reconcile intragovernmental activity and balances between federal agencies, and (3) the federal government’s ineffective process for preparing the consolidated financial statements.”
ref: http://www.gao.gov/financial/fy2010/10gao1.pdf

Included in that scathing report of fiscal recklessness and laziness were “material weaknesses involving an estimated $125.4 billion in improper payments, information security across government, and tax collection activities,” which were rife in “three major agencies— DOD, the Department of Homeland Security, and the Department of Labor— did not get clean opinions. Nineteen of 24 major agencies did get clean opinions on all their statements.”
ref: http://www.gao.gov/press/financial_report_2010dec21.html
ref: http://www.gao.gov/financial/fy2010/10gao1.pdf

No entrepreneur, accountant, fiscal analyst, businessman or Chief Financial Officer in their right mind would tolerate what has been allowed to happen with it. Consider the F-35 Lightning II aircraft as a case in point.

At a cost now exceeding $400,000,000,000 ($400 Billion – that’s very nearly 1/2 Trillion), it is by far, THE most costly program EVER to have emerged from the DoD. Among the numerous reasons why it is THE most expensive program ever, are