The intent of this blog is to promote human equality, human progress, human peace and justice, and optimism. To accomplish this, to encourage the discussion of ideas after identifying and discovering problems, and then creating positive solutions for "we the people," in order to provide for the "general welfare" and "domestic tranquility" of America now and its "posterity" into the future. To encourage an emphasis on separation of religion and state for all, no matter if this is for those "of faith" in a Maker / Creator (Deists, God-loving people, Christians, various people of spirituality) and atheists or agnostics.

Archive for the ‘Personal Finance’ Category

Stop the Wealthy Ones of America Who Think only the Little People Pay Taxes – PLUS MORE ISSUES

Dear Editors:

A documentary told us how a small wealthy nation did not have a regressive income tax. Instead, they use a value-added tax (VAT) and property taxes.  I was tarnished because I identified, incorrectly, the name of the nation and where it was located.  The point about of my writing was about how this nation did not HAVE as many “little people” as the USA does, so it prefers a VAT and property taxes.  In other words, this nation is unable to play around with tax deductions and tax credits because it would do them little good. So, this nation uses a VAT instead. Notice that the wealthy in the USA who don’t wish to pay ANY taxes because they have us “little people” in which they can shove taxes down our throats, while getting away with “murder” of not paying taxes at all, as they invest their money elsewhere, probably in this little nation with the VAT.

This needs to stop and a VAT here in the USA, replacing sales taxes AND income taxes, is an answer, because the tax is on anything the producer price index (PPI) addresses, not what the CONSUMER price index (CPI) and income of CONSUMERS (the “little people”) are forced to do, after the union busting of these wealthy people have increased the income gap between wealthy and the rest of us astronomically – more than 1000% increase for those controlling the corporations since the 1970s.  (See article in 23 April 2022 Business section of The [Scranton] Times-Tribune , “A widening wealth gap,” for more information about what I am saying).

as for criticism about having the wrong nation, it loses the impact about the point I am trying to make. Perhaps some might say I deserve it because I promote accuracy, truth, and lack of hatred in what the media puts out.  On the other side, I can say this.  With the destruction of librarian jobs in the media, as I viewed happening over the past 20 years or so, then the problem is not me, the librarian, but the lack of people checking for accuracy. Thus, I view a documentary and attempt to recall the name of the nation, and get immersed in the lack of librarians to check the facts about such a documentary.

For me, too, as a librarian, I find it more difficult to use a reference to video documentaries.  With newspapers and magazines, it is in print. Therefore, had I read this information in a print copy like a newspaper or magazine, I am able to go back and confirm what was printed. With this video documentary, I am not able to do this.  With technological advances, it is more difficult to do so with digital copies of newspapers, too. Google has become a lousy search engine which goes far from what information / library scientists at Syracuse University and Cornell University developed for natural language searching in the 1970s and 1980s.  Google is lousy and most search engines are lousy. Much easier to clip or copy a print copy of a periodical article. Go ahead. Shoot holes in what I say, based on a love of ME, ME, ME – and “it works for ME, ME, ME.” I have given examples with an overview, not just ME, ME, ME.  I have experience with digital searching and how lousy I have seen it become today, so it is not about only ME, ME, ME. But about Katzer and Salton of upstate New York and the development of such systems. 

The wealthy ones of America have embraced this digital shit, destroyed local control of media, destroyed the jobs of those who research accuracy, truth and lack of hatred. We end up with such wealthy folks going against the very things which developed this nation when my maternal 5th great-grandfather (and many other wealthy folks), during the time of the American Revolution, gave money to the Federal government when it had nothing, “…in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence [defense], promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity.”

Meanwhile, the wealthy of America, with the goons of union-busting, the destruction of the once-sensitive leadership of corporations (i.e., George F. Johnson and Thomas J. Watson) have denied living wages to the “little people” of the USA and work to preserve this by supporting social dissonance with wedge issues and purchasing of votes when there are those who are not gay, black, Latino, Jew. Therefore these folks are ME, ME, ME oriented and don’t wish to support human equality and human justice with “liberty for all.”  In other words, these “little people” say, “I’m not gay, black, Latino, Jew, so why should I care?” Wedge issue and wealthy money behind it, in the Republican “Nationalist” group.  (Nationalist = Nazi). 

The next time you read that some part of what I say, having nothing to do with my main point, has an inaccuracy, THINK, THINK, THINK… about the overall point of what I write. Don’t shoot holes when the main point is important to consider.  THINK… about the destruction of librarian and library research jobs. You certainly would not consider removing jobs of number crunchers and lawyers, would you? The Nazis of Germany were given a slap of sarcasm by the song, “Money Makes the World Go Around” – written by a gay man.  The wealthy pigs of America take the song seriously, along with the “Nationalist” Nazis of America. 

These wealthy fat pigs won’t do the elimination of a regressive income tax in which they play games with deductions and credits, for the salvation of SOME groups of people.  They won’t eliminate such taxes, plus sales taxes on the CPI which require profit margins to be cut into by hiring number crunchers and lawyers. It’s okay to eliminate jobs of librarians and educators, but not the number crunchers and stupid law people with their personal injury lawsuits and workman’s’ comp lawsuits.  They don’t want to use a VAT because they believe in the Nazi view about “money making the world go around.”  

The Canadians do not have such abysmal things as frivolous lawsuits and workman’s comp crap with the fakes who push them. They pay one-quarter of the cost of healthcare than Americans pay in this “private” system tailored to the wealthy and the career lawyers and wealthy business people who sit in and control Congress with PACs and lobbyists, including those of the military-industrial complex which Dwight D. Eisenhower warned us about this complex being bad.  Lawyers and number crunchers stand strong while the people just complain about government and we “little people” not only pay the taxes, but also pay four times as much as Canadians for healthcare, while Canadians have increased the average longevity of human beings in Canada.  Only a person in France can be the oldest person in the world, at the age of 118. But not in America.  GODDAMN the fat pigs of America who lead us into the future with “little people” and others being “dashed on the stones” and no one to do something about this situation. 

My point about this discussed nation, whether island nation or peninsula, is that when there are no “little folk” around for the wealthy fat pigs to amass huge amounts of money and then invest in offshore accounts (island nations), while doing NOTHING for the people of America.

Andrew Carnegie, a person who provided money from his wealth, for libraries and education, said that the success of a society is not due to individuals, but due to the society. Wealthy man, Bill Gates, said that people would save money by using a library to read books, not to purchase books for their own individual library.  Yet, the “Nationalist” Republicans reduce educators and librarians by way of elimination of local coverage of newspapers and then claiming “no one reads newspapers,” with a hidden agenda to increase the use of digital technology – for the sake of wealthy ME, ME, ME folks who don’t give one damn about WE THE PEOPLE.  These wealthy fat pigs dictate to those companies which support social progression by acknowledging sexual identity (i.e., sexual identity is more than just about gay folks, but teaching young kids, whether male or female, to be more confident about themselves than to submit to a lousy freaking male teacher in upstate New York who had sex with young girls). These wealthy fat pigs don’t like local media reporters who report the unethical and corrupt behavior at the local level. So, they push to eliminate this aspect of the news, claiming, “no one reads newspapers so do it by digital.”  I have numerous examples in Florida in which corrupt and unethical behaviors were once uncovered at the local level.  It took local reporters AND librarians to do it. These freaking lousy wealthy ones have destroyed us in this field, while supporting lawyers and number crunchers, as if they are deity because, as the Nazis said, “money makes the world go around.”  Not true and we have many examples in history in which money DOES NOT make the world go around, but if it did, it was done for the good of WE THE PEOPLE, not the fat goons of union busters and corrupt, immoral, unethical individuals in society.  Scot Andrew Carnegie, Scot 18th-Century theologian/economist/philosopher, Adam Smith, and many others are examples. And any inaccuracies in media could be stopped with references on PRINT copies. But if it is said in a video or on digital technology, who the hell can find such inaccuracies to consider what was said?   Simplicity comes with the PRINT copies.

Personal Finance & Investments

Dear Editors:

“Survive the Sell” (7 Feb. 20222).

In learning about personal finances, I was always taught, “buy low, sell high.” It works For those of us who have used this approach in investing in real estate for a primary residence and investing for the  long-term. Such work becomes very clear.  It is also clear regarding stock market, insurance, and other concerns for investing. 

When the economy goes sour, though, many people panic, as James Royal points out in item 2 in his article.  That is a big problem. I have witnessed those who panic during a downward spiral of the stock market.  They panic and believe they should get rid of the stock immediately. When they do, they miss the point about “buy low, sell high.” For during a downturn in the stock market, one sells when the prices go down. Instead, one should be “buying low.” Panic leads people in the wrong direction.  It’s too late to sell because that should have been done before the downturn. People then need to sit tight and wait for the return of the market and prices heading upward.  Of course, even in a downturn, if one happens to have stock which remain high and/or gain in price, they should sell such investments.  But there is a risk that one day the price is good and the next day it is not.

Even with real estate, it is tough to figure out when the price has gone high enough and whether or not one should sit still and wait longer.  If there are signs of the market going down, of course, sell because the price may have topped out. It is a risk as to which decision, sit still and wait or sell while the price is good. 

At this point, though, I am dismayed at the headline, “Survive the Sell.”  In so many cases right now, in the stock market, it is likely a bad idea to consider any type of “sell” at all. “Buy low, sell high.” 

Nevertheless, it is a good thing for a newspaper to bring such guidelines in personal finance to the forefront. Look forward to more informative articles on the business pages. 

Daily News: MAGA My Way

Make America great again.Not like big fat piggish ways of Donald Trump fascists with love of money 1st.MAGA my way.

WRONG! FICA is not a tax, as described at SSA.gov

FICA means Federal Insurance Contributions Act. With these words, it is not a tax. Yet, on the SSA website is described as a tax. It is not a tax. I repeat. It is not a tax. If it were a tax then the money put into my “contribution” to my homeowners’ insurance would be a tax, too, would it not? FICA is a capitalist investment into a pooled insurance resource run by the government. It is not a tax. Need I say this again? FICA is not a tax, no more than the “contribution” I make to my auto insurance is a tax.

My investment with FICA provides me with a better capitalist return on investment than return on investment from my homeowners’ insurance, which stands at 0% over some 50 years of my investment. I wish I had put my homeowners’ insurance premiums into a government-run pooled resource for all those years, then I could make a claim for a return on my investment. As it stands now and with the various companies to which I have invested the funds, there is no good paper trail over time in which I could claim a return on investment. That makes it nicer for the wealthy pigs of America to take money from us and give us no capitalist return on investment.

With FICA/Social Security, we are held hostage to the fat pigs of America who don’t pay a FICA (insurance contribution) which is equivalent for all of us, across the board. The fat pigs don’t make money the old fashioned way, to earn it, as those of us who work hard have done. I don’t answer surveys with “expand Social Security.” If possible, I would want to comment that we need to tighten Social Security which is an equivalent percentage figured for FICA (insurance contribution) for all.

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