Home » Economy
You are browsing entries tagged with “Economy”
Ohio’s Estate Tax Must come to an End
“Estate tax repeal should be a no-brainer: More family businesses and farms growing in size. More jobs. More tax revenues.” Dick Patten, president American Family Business Foundation.
For centuries, economists have pointed out the harmful economic effects of estate and inheritance taxes.
Excerpts from the book Rich States, Poor States (by Laffer, Moore, Williams, 2009) explain the harm:
“Many studies indicate that the death tax is so inefficient, so adverse to saving and capital investment, and so complicated, that the states and the federal government would actually recoup much if not all revenues lost from this tax with higher tax receipts resulting from long term economic growth.
“The estate tax causes distortions in household decision making about work effort, saving and investment (and the loss of economic efficiency) that are even greater in size than those from other taxes on income from capital.”
by Tom Burghardt
hat tip: Antifascist Calling
A truism perhaps, but before resorting to brute force and open repression to halt the “barbarians at the gates,” that would be us, the masters of declining empires (and the chattering classes who polish their boots) regale us with tales of “democracy on the march,” “hope” and other banalities before the mailed fist comes crashing down.
Putting it another way, as the late, great Situationist malcontent, Guy Debord did decades ago in his relentless call for revolt, The Society of the Spectacle:
“The reigning economic system is a vicious circle of isolation. Its technologies are based on isolation, and they contribute to that same isolation. From automobiles to television, the goods that the spectacular system chooses to produce also serve it as weapons for constantly reinforcing the conditions that engender ‘lonely crowds.’ With ever-increasing concreteness the spectacle recreates its own presuppositions.”
And when those “presuppositions” reproduce ever-more wretched clichés promulgated by true believers or rank opportunists, take your pick, market “democracy,” the “freedom to choose” (the length of one’s chains), or even quaint notions of national “sovereignty” (a sure fire way to get, and keep, the masses at each others’ throats!) we’re left with a fraud, a gigantic swindle, a “postmodern” refinement of tried and true methods that would do Orwell proud!
by Brandon Friemel
Monday, March 15, 2010
Currently the US Senate is considering a bill, S.510, to reform the food safety system. Although reform of the industrial food supply is clearly needed, this bill threatens to create more problems than it will solve. S.510 would undermine the rapidly growing local foods movement by imposing unnecessary, burdensome regulations on small farms and food processors-everyone from your local CSA to the small bakers, jam makers, and people making fermented vegetables to sell at the local farmer’s market.
This bill is going to the floor for a vote sometime in April or May, so everyone needs to contact their local Senators and let them know that this bill undermines small farms and food processors, another sector of SMALL BUSINESS in this country that doesn’t need any further regulation. SMALL BUSINESS is the backbone of this country, and we must fight to keep SMALL BUSINESS thriving, especially in these economic times.
Call your Senators and tell them to EXEMPT farmers selling directly to consumers and small-scale processors from all of the provisions of the food safety bill, S.510. For contact information, visit www.congress.org or call the switchboard: 202-224-3121.
Below is the information from the flyer we were given. This is a little long, but very good information.
By Robert S. Becker
Hat tip:Dandelion Salad
March 2, 2010
It is a truth universally acknowledged that predatory bankers in possession of great fortunes are in want of media lackeys, especially after savaging the American Dream. Actually not, considering the corporate media outlets reinforcing the clownish social gospel from Lloyd Blankfein of Goldman Sachs: conglomerates do good, indeed “God’s work.”How would any CEO richer than Midas know God’s mind or presume entry to heaven, according to a more reliable source, any more likely than a camel through the eye of a needle?
Propaganda aside, hear the hosannas this Great Recession isn’t so bad, no national tragedy, no generational plague, barely involving predatory lending. When viewed correctly this healthy downturn “will improve all of our lives by bringing us back to the original vision of the American Dream.” In the meantime, hard times cleanse debtors and clear books: thus, mystical free markets self-balance, punishing those lovers of excess and betrayers of contracts. Verdict; blame consumer spendthrifts for toppling our shining city on the hill. Rich people, not so much.
The media loves tough love that regains more than lost affluence but transcendent virtues: self-control, family togetherness, even, brace yourself, Yankee introspection. This Sunday CNN blessed us with its Pollyanna sermonette, profiling a perky Bernie Madoff survivor happier than ever. She’s not bitter towards this thug, so outlandish he dared capture, awash instead in wise acronyms, like SNT – Stop Negative Thinking. Unfortunately, no empty platitudes wash away unarguable research testifying joblessness and foreclosure can kill, with an array of anxiety disorders sharpened by depression, addictive and abusive behavior, divorce, even suicide – no endorsement for positive thinking. Note, those justifying pain always have jobs.
By Siv O’Neall
hat tip: dandelionsalad
The War of the Empire has many faces
The ‘war on terror’ has become nameless since our administration changed. But it is the same war, it has the same goals and it is as unwinnable as it always was. But certainly there are other ways of conquering the planet, says Washington. And so they impose the huge industries with their humongous profits on the entire world, corporations like Monsanto, Cargill, Dow, Bunge and others, giants that impose their own laws on world-wide agriculture and their goal is to make us eat only what they profit from.
Through lies and total lack of concern for the final outcome, they insert their hired crooks, their representatives, in top positions everywhere, make deals with corrupt governments all over the world, deals that make farmers the innocent victims of a world-wide scam. The result is disaster for the farmers and the poor people all over the world and enormous power for the Biotech Companies that suck the blood out of the earth and out of the people who used to cultivate it with their own millennia-old and environmentally safe methods.
Monsanto is just about the most callous, the most harmful, the most insidious of the whole gang of predators who are out to get on top of the world – and who are ruining it savagely in the process. They are busy ruining the environment irredeemably and the health of the inhabitants of this threatened world. Global warming doesn’t even have to play out its role, the biotech industry will play the part of the Grim Reaper, mowing down everything that does not add to their profits, ruining people’s health, playing hell with the earth’s ecosystems and biodiversity that has served the planet for millennia in a world that was mostly safe from predators, the kind of sharks that devour their prey without any afterthoughts.