Saturday, June 14, 2008

Build It and They Will Come

Back in the 60s the proud liberal sponsors of the great society said that the housing of the poor had to be improved before they could advance. The taxpayers ponied up for huge apartment projects and the keys were handed over per the liberals plan. The new residents were not without support in their new homes. A Housing Authority police force was funded to supplement city law enforcement. The usual array of welfare, Aid for Dependent Children, and so forth was in place.

We all know what happened next. The brand new projects turned into cesspools of crime...giving bad connotation to the phrase "the projects". Notably in Chicago the infamous Cabrini-Green apartments were finally torn down after years of crime and vandalisim. And in St. Louis the Pruit-Igloo project met a similar fate. Once again the liberals get an A for intentions and an F for results.

In the story below notice that the apartment building mentioned is pre-WWII and yet is still a very much desired habitat. I believe the historic Dakota apartments on Central Park West were built before 1900. The point is that it's not the housing...it never was...it's the residents that determine the quality of life. Another obvious point liberals cannot understand.

New York Post June 12, 2008 --

A beloved Park Avenue doorman who won $5 million in the state lottery wants to move on up - and into the elegant, pre-war building where he works.

That way, "I'll have the doorman open the door for me," says Richie Randazzo, 44, a bachelor who lives in a two-story home in Brooklyn.

But the lucky winner will have to wait because the only apartment for sale in the building at 1021 Park Ave. at East 85th Street is out of his range. So for now, Randazzo, who plans to continue working, will be a millionaire who opens the door and hails taxis for millionaires.

The only apartment on the market in his building is an 11-room beauty that is going for a cool $9.95 million. And even though $5 million is nothing to sneeze at, it just isn't enough scratch - even for a scratch-off millionaire.

....But, taking the advice of his parents, Cora and Frank, who live in West Palm Beach, Fla., he decided to keep his job, because "it's too much too soon."

Saturday, May 24, 2008

A thoughtful and true quote

“Artists use frauds to make human beings seem more wonderful than they really are. Dancers show us human beings who move much more gracefully than human beings really move. Films and books and plays show us people talking much more entertainingly than people really talk, make paltry human enterprises seem important. Singers and musicians show us human beings making sounds far more lovely than human beings really make. Architects give us temples in which something marvelous is obviously going on. Actually, practically nothing is going on."

Kurt Vonnegut
—“When I Was Twenty-One," Warnpeters, Fama and Granfefloons, 1974

Our wealth goes to OPEC

From and article by Tom Friedman (NYT):
If this huge transfer of wealth to the petro-authoritarians continues, power will follow. According to Congressional testimony Wednesday by the energy expert Gal Luft, with oil at S2oo a barrel OPEC could “potentially buy Bank of America in one month worth of production, Apple computers in a week and General Motors in just three days.”

Wednesday, May 14, 2008

Everybody hates me

Our 8 year old Grandson was acting-up so we told him he we were not going to have a 'pity party' and then Mamaw sung this song she remembered from her childhood (Children's rhyme...sing to Polly Doodle tune.):

Nobody loves me, everybody hates me
Think I'll go and eat worms
Long ones, short ones, fat ones, thin ones
See how they wriggle and squirm

I bite off the heads, and suck out the juice
And throw the skins away
Nobody knows how fat I grow
On worms three times a day
Ohh...nobody loves me.

Thursday, May 08, 2008

How to be Poor

Ever wonder why the USA has so many poor people? After all, being poor while a citizen of one of the richest countries in the world requires some explanation. The secret is making the right choices early in life. First, turn your back on the free education offered through 12th grade. Achieve this by refusing to do your schoolwork and quitting at age 16. Avoid the GED diploma as well. It is also important to stay away from vocational programs and apprentice work. Caution...during this time you will have to endure the concern and advice of relatives and counselors but you can shake this off if you are really determined to be poor. Of course, lack of high school will keep you out of University which should definitely be avoided .

In your mid to late teens it will help to have a child out of wedlock. After all, many teens are having multiple children with multiple partners so don’t hold back. Another touch is to develop a criminal record. It is easy to do, stays with you forever and eliminates being hired for many jobs. If, despite all of this, you somehow find yourself employed and earning money there are still things that can be done. Showing up late for work is effective. Another effective technique is to cultivate a hostile attitude toward management.

Finally, in the unlikely event you still find you have some money, make sure to avoid saving or investing. Impulse spending and debt are the way to go here. Even substantial sums can be frittered away quite easily so there should be no excuse for accumulating any assets. In conclusion, the road to poverty is not as difficult as it may seem even in the USA. There are two simple rules which will often get you through when you have to make life choices: 1)Always take the easiest path. 2) If it feels good, do it.

Friday, May 02, 2008

How the U.S. income tax works

How the U.S. income tax works

By Marshall Brain

 
 

http://www.JewishWorldReview.com | (MCT) Tax time is upon us once again, and we all heave a collective sigh of resignation. There is nothing we can do about taxes, true. But have you ever wondered where income taxes came from, and why we pay them today? This is actually a fascinating story.

It all started in 1894, when Congress passed the "Revenue Act of 1894." It was a very simple tax. If you made more than $4,000 per year, you paid a 2 percent tax on your income. In 1894, $4,000 per year was a tremendous amount of income - an indication of great wealth. So the income tax of 1894 did not affect very many people, and the amount of tax was small.

Even so, the Supreme Court found the tax to be unconstitutional and struck it down. To get around the Supreme Court, Congress did the only thing it could do - it proposed a constitutional amendment and got it ratified. The 16th amendment reads, "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration." This amendment specifically allows there to be an income tax in the United States. It was ratified in 1913.

Now you might be wondering: why in the world would the citizens of the United States ratify an amendment like that? Why would the citizens give congress the ability to create a new kind of tax? It is because, at the time, people were worried about the wealthy having too much money and power. The income tax was seen as a tax that would only be applied to the wealthy, in order to curb their power. The first income tax laws applied only to the very wealthy. As late as 1940, only about 5 percent of the population paid income tax.

Another feature of today's income tax system is the idea of a payroll withholding. Before your tax is due, the government takes it automatically out of your paycheck and holds your money in escrow until April 15. You get no interest on your money and cannot use it in any way. Where did an idea like this come from, and why would Americans allow it? This idea came in 1943 as a way to fund WWII. By withholding the tax up to a year ahead of its due date, the government got the money faster and used it to pay for the war.

So in 1943, the government has two key things: a constitutionally-approved tax system, and the ability take money out of people's pay checks without them ever holding the money in their own hands. All of the ingredients are in place for a massive expansion of the tax system. And sure enough, the system expanded.

One way to track the expansion is to look at the size of the tax code. In 1945, the federal tax rules fit in about 8,000 pages. By 1965 it took about 20,000 pages. In 2006, the number had grown to 66,000 pages. How many pages is that? A phone book might have 1,000 pages, so imagine 66 phone books lined up on a long shelf. It would be about 20 feet of phone books. That's our tax code.

If you look at the instructions for the basic 1040 form, you see the same kind of thing. The 1040 form is only two pages long. In 1945 it took four pages of instructions to explain it. By 1965 it took 17 pages. Today it takes more than 140 pages.

The complexity of the tax code means that many people can no longer file their own tax returns. So there are now more than one million paid tax preparers in the United States. Many of them are employed by the top three tax preparation companies: H&R Block, Jackson-Hewitt and Liberty. Together these companies handle more than 20 million customers per year.

Somehow, we all manage to muddle through, and we file something like 100 million individual taxable returns in a typical year. Using very round numbers here to keep things simple, these tax returns represent income of about $5 trillion. The total tax collected on that income is about $1 trillion, or roughly $10,000 per 1040 form, on average. That money combines with social security taxes ($900 billion), corporate income taxes ($260 billion) and other things like tariffs to create about $2.4 trillion in total federal revenue in 2007. It takes over 100,000 IRS employees to handle the load.

So, as you are burning the midnight oil to complete you tax returns, scratching your head over some incomprehensible rule or form, you now know a little bit of the history that got us here. We've come a very long way since the first income tax in 1913!

 
 

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Monday, February 04, 2008

A Beauty Contest

They say young people are excited about Obama for President. This very much reminds me of 1960, the year I graduated from BHS. The young people then liked John Kennedy. I’m sure many older folks in Bloomington remember the day a platform (or flat bed truck?) was set up on the south side of the square and some celebrities spoke for Kennedy . The only speaker I can recall was the actor Jeff Chandler…probably because he was heckled and he threatened to come into the crowd and settle the issue. For young people it was the youth, charm and looks of Kennedy versus the older looking, lackluster and much uglier Nixon . It turned out to be a close election. The folks for whom issues mattered (Unions, Corporations, Taxpayers, etc) made it a horse race. Then, as now, the candidates made grand sounding statements and promised things would get better. The reality is that Congress is where the real power is but Congress has 535 members , numerous committees and rules so arcane the public cannot understand them. So we focus on the President. He is one man and we can understand that.
Ltr sent H-T 4Feb08

Update: After this letter was published I got a call from a guy who was at the rally. I believe his name is Jerry Gregory. He reminded me that the actress Angie Dickenson was there and had spoke before Chandler. Chandler opened by saying something like "Angie can even speak while lying down." There was a shocked silence from the crowd then catcalls began which triggered Chandler's outburst.

Saturday, February 02, 2008

Population of Selected Countries

(click to enlarge)


 

China

1,321,851,888

India

1,129,866,154

United States

301,139,947

Indonesia

234,693,997

Brazil

190,010,647

Russia

141,377,752

Nigeria

135,031,164

Japan

127,433,494

Mexico

108,700,891

Germany

82,400,996

Iran

65,397,521

France

63,713,926

Spain

40,448,191

Canada

33,390,141

Iraq

27,499,638

Korea, North

23,301,725

Australia

20,434,176

Syria

19,314,747

Netherlands

16,570,613

Chile

16,284,741

Cuba

11,394,043

Greece

10,706,290

Belgium

10,392,226

Hungary

9,956,108

Sweden

9,031,088

Switzerland

7,554,661

Bulgaria

7,322,858

Hong Kong

6,980,412

Israel

6,426,679

Denmark

5,468,120

Norway

4,627,926

Ireland

4,109,086



About one in three persons in the world is either Chinese or Indian. The current world population of 6.6B is expected to grow to 9B by 2050. Almost all of this increase will be in Africa and Asia. Environmentalists say population growth is the largest threat to the environment. My opinion is that some of these countries will not have the needed political stability nor will their environment sustain such growth. China has a "one couple, one child" law and tries to enforce it. As far as I know, it is the only country with this law.

On the other hand, many advanced countries are shrinking because their people are choosing not to have children. They have such low birth rates they face huge social problems in the future such as not enough workers to support the elderly. Oddly enough Italy, the home of the Catholic church, has one of the lowest birth rates in Europe. America currently has a slightly positive popultion growth.

Some other observations: Ireland (4M) about the same size as the Pheonix, Arizona urban area. The Philadelphia urban area(5.9M) is larger than Denmark. The London metro area (8.6M) is larger than Israel. California (36M) has more people than Canada. If you are a small country like Denmark you have to be a little nervous about the future if some of the 9B decide maybe your tiny population does not merit all the your territorial rights.

Wednesday, January 09, 2008

NFL player sets example for fans

From 6Jan08 Parade magazine:
Tailback Travis Henry of the Denver Broncos has been ordered by judges in several states to pay child support for seven of nine children he fathered by nine women.

The groupie effect for athletes and rock stars is old news but I am curious to know if these were accidental pregnancies or intentional by women wanting the $ from a rich NFL player. Remeber Wilt Chamberlin's book where he claimed to have screwed over 2000 women? I don't know if he paid for any kids but they did not do DNA paternity checks back then.

I saw an episode of 'Cops' where they collared a young black guy who said he had four kids by three girlfriends in the neighborhood. These will be paid for by the taxpayers until age 18 because Dad is in jail...also at taxpayer expense. This will be the next generation of Gangstas.