Monday, November 21, 2011

Social Security... something

OK, I have no idea how the numbers might work out for this but I'm going to throw it out there anyway. Because you'd probably have to go into algorisms and Algebra and calculus, Oh My!

 What if we allowed people to chose their Social Security Benefit amount based on the person's contribution into the system?
So that's the simple explaination of the Idea. The rest of this is pretty much some top the head ideas on how it might work.
When you get a job you always fill out a W-  something asking about your dependants and deduction. At tha point you get a paper with options. Pay this percentage from your pay check, get this Payment. I can definitly see some issues with this, I said it was top of the head stuff. I don't know how you represent to a person the value of that pay out in 40 years. It might sound good but in 40yrs, it's a Pepsi. I would imagine young people would just pick the minimum so you'd have to allow people to change. But, at the time of the change the person would need a reassesment of where they stand at the point in time, to be able to figure their contribution going forward.
Ok I'm starting to ramble, Like I said it was top of the head kind of stuff which I'm sure some people will say came straight from my ass.

Saturday, November 19, 2011

Economic What If's

Did you ever think to yourself, man, I could do some great things if I just had a staff? Well I could use a numbers guy right now. Any way here's Economic what if's.

Wednesday, November 09, 2011

Not a Clue

I don't think the Political Talking Heads, on the cable news channels, understands the incredible  damage Republicans are doing to themselves at the state level. Maybe yestarday's Elections will change that. Probably not.

Monday, November 07, 2011

Orchestrated Volatility


How much longer are we going to let this game go on? Wall Street is no longer a stock market that serves the needs of capitalist system it is no longer just a way to accumulate and reallocate capital. It is not even a casino, as some have called it, where all the outcomes have an equal possibility. 13 Black, Damn it!
Wall Street is a rigged game. where win or lose, up or down it doesn't really matter because their investments are designed to profit either way. If there is good news on a Greece bailout the markets go up and they profit. S&P down grades Greece the markets tank and they profit. Got all we can, let's go to Italy. It's orchestrated volatility design to suck as much money out of the economy and into the pockets of the super wealthy as possible. And the reason have nothing to do with a free market rewarding the successful. It's about the darker side of human nature. Capitalism is not a beneviolent "invisible hand" guiding us to a brighter future. It is a jungle where winners and losers can be a matter of life and death. It is a jungle populated by giant corporations that would rather dump their waste in the river, no matter how toxic, because it's cheaper and quite frankly corporation don't get thirsty. The free market does not care if you struggle every day to survive, in fact it's better if you do so you don't have time to pay attention while they dismantle The Enviromental Protection Agency. Take the Koch Brothers they operate a Plant that some say has caused Cancer in the residents of a small town nearby. They don't care what's a few death to low income people compared to a bigger bottom line? In fact they are funding Presidencial canadates and Right Wing efforts to eliminate the EPA. What's a little Cancer?
So it's time to end the game. The current system can't be fixed by tinkering around the edges making new rules to encourage better behavior. the system and it's players are too corrupt and wields too much power to be allowed to continue or take part in the re-organization of the financial system.
We need to nationalize the banks and take over the large fInancial Institutions. Take them over, audit them then chop them up and sell them off. Institute new rules and a transaction tax on Wall Street. Restrict futures to end use customers and tighter control over derivatives. We need to reduce the princple on debt both public and private sector and reset those loans at lower and fixed interest rates.
In essence we need to reboot our financial system and restart it with a new operating system.

Thursday, November 03, 2011

Hoping for failure

With the deadline fast approaching on the Super Committee I would have to say I'm hoping for failure. I think the $1.2T in automatic cuts, although Painful, would be far better than the auction house bidding going on with the plans being shopped around these days. We'll cut $4B! No We'll cut 6.
First, the automatic domestic cuts of $600B over 10yrs would hurt but would be alot less painful then some other plans. We have a debt problem but it's a long-term problem. Now is not the time, in this economy, to start taking an axe to goverment spending based on plans concieved by men in backrooms arguing about whose is bigger.
The second reason I'm hoping for failure is because the $600B cuts to Defense will probably be our only opportunity to get those kind of cut out of the Pentagon. And to those who say the cuts will hurt our national Seurity. I find it hard to believe that $600B over 10yrs will be that painful to a $7T budget. Why are we so willing to force Medicare providers take less but not Defense Contractors?
There are so many game changing reforms that we can make, once we get the Republicans out of the way and start instituting values more in line with the 99%. Lifting the income caps on Social Security, allowing younger and healthier people to buy in to medicare and a Wall Street Transaction Tax are just a few.
It's sad to say that nothing will get done with Republican in control of the House of Representatives. The Republicans have proven over and over again that they do not govern to make this country a better place for everyone. Any so called Jobs plan they offer is just a collection of corporate and 1% wishlist talking points. Less taxes, less regulations and more "shared" sacrifice from those who can afford it least. They are so commited to the 1% they don't even listen to a majority of their own party who approves of raising taxes on millioairs. Republicans are no longer serious players in this debate.
So let the Super Committee fail, take our hit and get to work making this a better place for the 99%