Friday, February 10, 2017
Monday, January 23, 2017
Friday, January 6, 2017
What's America Worth To You?
Can You Spare A Quarter For Your Country?
By Nick Paleologos
I grew up in Woburn Massachusetts. My grandfather settled there from Greece in the early 1900’s. He labored in one of those tanneries the city became famous for. Our sports teams are still called the Woburn Tanners.
It was mostly immigrants who did that work because stripping animal hides and transferring them by hand - one at a time - into a series of increasingly toxic open baths was the best job they could get. Every day, “Papou” left his modest home on Conn Street, walked a few blocks, donned his “protective” apron and rubber gloves, then inhaled poisonous chromium-sulfate fumes from dawn till dusk.
And not once did he ever complain about paying taxes to his adopted country.
Donald Trump on the other hand is a billionaire. He loves billionaires. His cabinet is lousy with them. You know what most of these billionaires have in common – besides not having to sweat the price of gas?
They can’t stop complaining about the taxes they pay to their country.
They are among the richest people on the planet and all they can do is whine incessantly about how rough it is to make a buck in America with a personal tax rate of 39% for billionaires and 35% for corporations – even though not one of these chronic cry babies have ever paid anything close to those tax rates.
You would think they’d have the common decency of my immigrant grandfather and shut up about it already. But they just can’t help themselves. Whenever America says it wants universal healthcare or higher education, we get the same answer. Our country can’t afford it. Which begs the obvious question. How much is your country worth to you? Or put another way, how much are you willing to pay for the stuff you want in the country you say you love?
In 2015, total personal income in America was $15.45 trillion. And that’s with the average person’s wages being essentially flat for the last thirty years. US Corporate profits that same year were $6.44 trillion. That totals nearly $22 trillion and includes everybody – Main Street, Wall Street, and everyone in between. So if we all kicked in a quarter for every dollar of earnings and profits in 2015, our country would have had revenue of $5.5 trillion. The entire federal budget in 2015 was $3.8 trillion.
In other words, if we cut the corporate tax rate from 35% to 25% and cut the top personal income tax rate from 39% to 25% - and everybody actually paid their 25 cents on the dollar - we could afford everything the country currently does for its citizens, and still have a $1.7 trillion surplus left over -- every year.
But wait, you say. It's not fair for Joe Six Pack to pay the same tax rate as Richie Rich -- because the basic costs of living take a much bigger bite out of Joe than Richie. And you are right. So here's how we fix that. The first $75,000 of everybody's income should be federal tax free. That shouldn't be a big problem since the top 20% in America already pay 87% of individual federal income taxes. By the way, that ought to tell you something, since few if any of them are paying the top rate now.
So you see if we all paid just a quarter on every dollar we earned (over $75,000 per year) there would be no need for any deductions at all; we'd have a massive annual budget surplus immediately; our country would be debt free in just over a decade; Social Security would be solvent for all time; Medicare could be extended to every citizen from birth; and we'd still be spending more on our military than the next ten largest countries combined. In short, we’d have a country that can keep us safe and secure, guarantee our healthcare and education, and treat us fairly so that every citizen can have the opportunity to be the most that they can be.
My immigrant grandfather was happy to pay for that country. Are you?
My immigrant grandfather was happy to pay for that country. Are you?
Thursday, December 8, 2016
Tuesday, November 22, 2016
Saturday, November 19, 2016
Tuesday, November 15, 2016
Who's The Turkey Now?
Eating Crow on Thanksgiving
by Nick Paleologos
A
week ago tonight, when the reality of what was actually happening started to
sink in, I got a call from my daughter. She was crying. And I felt awful. She’s
one of three millennials in our family. I had been confidently predicting that
America would not let her down.
Boy
was I ever was wrong.
Back in August I imagined a future in which Donald
Trump, after losing this election, would take the worst of his backers and
skulk off to a fringe (but lucrative) corner of our country – leaving the rest
of his rational right-leaning supporters (including many members of my own
family) sitting around Thanksgiving tables all over America wondering what the
heck just happened.
Instead,
Donald Trump is now the 45th President of the United States and I’m
the one asking that question. Only twice in the last 125 years have the voters’
picked one candidate for president, and ended up with the other. In 2000, Al Gore
beat George W. Bush by a half million votes, and lost. This year, Hillary Clinton beat Donald
Trump by more than a million votes. She also lost. I’m not supposed to complain about
these outcomes because after all, rules are rules. If I still had a sense of
humor, I’d say the election was rigged - by Alexander Hamilton in 1789.
But
this isn’t about the Electoral College. It’s about my oldest daughter.
“President”
Trump is a very tough pill for her to swallow because his victory flies in the
face of everything we’ve ever taught her about decency, civility, empathy and
tolerance. Even worse, many people she loves – who themselves have sisters or
daughters – voted for a guy who bragged about grabbing women by their genitals
because “When you’re a star, you can
do anything.”
People
she admires – who pride themselves on their patriotism – voted for a guy who never served this country, who unapologetically
disrespected a Gold Star Family, and who publicly ridiculed a decorated Vietnam
War veteran and POW.
Maybe
there is no rational explanation for why one out of every four Trump
voters readily admitted that their candidate was unqualified to be president, yet voted for him anyway.
But
even with that, Trump barely bested Mitt Romney's vote total from four years ago. So how then to explain, without crushing my daughter’s
faith in democracy, that a guy who is a million votes less popular than Hillary Clinton, is now
President of the United States?
For
starters, we need to take a long hard look in the mirror. It certainly is true
that – as between Clinton and Trump this year – a clear majority supported
Hillary for president. But under our system, that (plus four bucks) will get
you a grande café mocha at Starbucks. Of all people, Hillary should have known
that.
So
how does she manage to lose (albeit barely) Pennsylvania, Wisconsin and maybe
Michigan? Let’s
start with Hillary’s first significant decision as the Democratic nominee: her
choice for Vice-President. Don’t get me wrong. I like Tim Kaine. But America’s middle
class is hurting. Big time. In eight short years, the federal budget surplus and
booming economy that Bill Clinton handed over to the GOP in 2000 (the year Bush
became president after the voters chose Gore) deteriorated into the worst
economic crisis since the Great Depression. That’s what deregulation, dumb
wars, and welfare-for-the-rich gave us.
Yet
even as Obama slowly and methodically dug us out from under the Republican rubble,
the crooks who caused it walked away with all the money. Millions of democratic
voters who lost their jobs, homes and pensions watched with increasing anger as tax dollars
meant to help them went instead to the very people who screwed them.
If
you’re the Democratic nominee who accepted hundreds of thousands of dollars in
speaking fees from this corrupt crowd, you damn well better pick a running mate
who can speak convincingly to the pain they caused.
Bernie
Sanders spoke to that pain. Elizabeth Warren spoke to that pain. But Hillary simply
lacked the boldness to pick either one of them. As a result, this election was
reduced to a choice between Trump’s sexism and Clinton’s emails. Is there any doubt
now that if Bernie were on the ticket, Hillary would have won the Electoral College
in addition to the popular vote? I don’t think so.
In
the end, her caution killed her.
Did
she trade on her celebrity to earn obscene speaking fees from institutions I
can’t stand? Yes. Did she make a bad (but not illegal) call using a private
email server? Yes and she owned up to, and apologized for it – many times. Has
anyone, anywhere – republican or democrat – found anything wrong about her
handling of Benghazi? Absolutely not.
At
the end of the day, she is a woman who - over the course of a distinguished
public career - has been accused of everything and convicted of nothing. On her
worst day, her public behavior has been infinitely more honorable than his.
So
this is what I told my daughter.
The
good news is that the American people did in fact chose the classier, more qualified candidate.
The bad news is that our system gave us the other guy.
Unfortunately,
Hillary spent her entire campaign relentlessly hammering home a single message:
Trump is a despicable human being. Congratulations. Mission accomplished. What
she failed to do was to give voice to the justifiable rage of middle class Democrats who
filled football stadiums for Bernie Sanders.
The
result? President Donald Trump.
Does
his election mean the end of the world as we know it? No.
Trump’s first act as President-Elect was to change Steve Bannon’s official
title from Racist Fearmonger to Senior White House Advisor. Not a great start.
On
the other hand, in his first exclusive interview with 60 Minutes, the
priorities he outlined to Leslie Stahl included: huge infrastructure spending;
preserving the popular elements of the Affordable Care Act; and avoiding
costly, stupid wars. If you closed your eyes, it sounded an awful lot like a
third Obama term.
I’ve
closely watched and grossly underestimated this guy for the past two years. He
cares about one thing. Ratings. He wants to be popular. Squeaking out a
late-night Electoral College victory will never cut it for The Trumpster. Being President of a
country in which Hillary Clinton is over a million votes more popular than he is,
must kill him. Only one thing will satisfy him now - convincingly winning the popular vote
that he lost so embarrassingly in 2016. He’s now got four years to make that
happen.
Taking
health care away from 20 million people won’t get him those votes. Sending
American boys into Syria won’t get him those votes. Privatizing social security,
cutting taxes on the rich, and letting Wall Street run wild, won’t get him those
votes. Continuing to disrespect women and minorities won’t get
him those votes.
So
maybe, just maybe, the folks who should be worried are Paul Ryan and Mitch
McConnell. Because if we’ve learned anything about the President-Elect, we know
he cares about one thing, and one thing only – Donald J. Trump. And his breathtaking
narcissism may end up being unexpectedly good news for Democrats. We’ll see.
In
the meantime, as I eat my crow this Thanksgiving, I don’t want to hear anything
more about the Comey letter. The numbers speak for themselves. Trump didn’t win
this election. Hillary lost it. And the only question left is this.
What will he do with her mandate?
What will he do with her mandate?
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