following: 5
followed tags: 0
followed domains: 0
badges given: 0 of 0
hubskier for: 4840 days
And I have to mention the humble city college I attended, Santa Barbara City College, which may not be quite as celestial as Pepperdine, but Jesus what a view. UCSB not so much. UCSB is kind of ugly, actually. But SBCC... wow.
Of course, once they control government again, that priority will be moot, and they can once again focus on running up huge deficits giving tax breaks to the super-wealthy. Democrats tax and spend, Republicans borrow and spend. Democrats take your money and give it to poor people, Republicans take your children's money and give it to rich people. Those are pretty much your choices, although Republicans, increasingly emboldened by what they can get away with, are starting to talk about taxing poor people ("the 50% who don't pay taxes") to accelerate the great transfer of wealth to the wealthy. So the Republicans appear to want your money as well as your children's money. Oh well, apparently it all makes perfect sense to the American people.
Look, don't get yourself too worked up about deficits and the national debt. Remember when Bush was president? Nobody cared about deficits. In fact, Cheney famously said that "Reagan proved that deficits don't matter." It only became an issue when a Democratic president was elected, eager to pursue a Democratic agenda. The day Obama was elected the debt became an urgent national crisis and we suddenly had no money to spend. The day Obama leaves office and is replaced by a Republican, from that day forward you'll never hear another word about deficits or the debt. The Republicans will continue to do the only thing they're good at: running up the national debt. $20 trillion, $40 trillion, $80 trillion... it will keep going higher and higher and nobody except an occasional economist crank will mention it again. The debt "crisis" is a tool to prevent Democrats from advancing their agenda, nothing more. At least we hope so, because we know the Republicans won't care about it once they're in power again.
Actually, remembering how it was I realize it seems kind of alien to me too now. I wonder how we ever managed the inconvenience of it all. But then I also remember how nice it was before you were expected to be so accessible. You never had to answer the phone, because you always had an excuse for not answering: "I wasn't home."
Ridley Scott was once a hell of a director, and he still can paint a pretty picture like few others, but he sold out long ago. I expect nothing from this endeavor except that Scott make himself and a few others a little bit richer. If it even accomplishes that.
I wonder if there's an analysis somewhere of how much of the income of the wealthy qualifies as capital gains and how much that affects their total income tax rate if capital gains are counted along with regular income.
And all through the 50s and the early 60s the top marginal income tax rate was above 90%. Yes, when Eisenhower was president, millionaires were seeing some of their income taxed above 90%. Damn that communist Eisenhower! No wonder the 1950s were a time of economic stagnation in America. Oh, wait...