Saturday, November 27, 2010

t r u t h o u t | Tax the Rich: A Deficit Plan That Doesn't Hit We, The People

t r u t h o u t | Tax the Rich: A Deficit Plan That Doesn't Hit We, The People

Tax the Rich: A Deficit Plan That Doesn't Hit We, The People

by: Dave Johnson | Campaign for America's Future | Report

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(Image: Jared Rodriguez / t r u t h o u t; Adapted: KayVee.INC, Pete Ashton)

Here is MY deficit-reduction plan. This plan does not reflect the views of anyone but myself -- and maybe half the population. Unlike deficit plans from the "serious people" in DC, this one doesn't annihilate the poor and gut Social Security and the middle class while passing even more of the benefits of our society up to a few at the top.

1) Restore pre-Reagan top tax rates. We didn't have massive deficits until we reduced the top tax rates.

2) Income is income. No more reduced capital gains tax rate. The incentive to invest should be to make a bunch of money from a good investment. The reason there is a low capital gains tax rate is that the wealthy get most of their income from capital gains. And the reason they get most of their income from capital gains is there is a low capital gains rate. The resulting income shifting schemes are a drag on the rest of us. (Also applies to dividends.)

3) Income is income. Inheritance income should be taxed as income, except there should be a "democracy cap" on how much someone can inherit. We decided not to have an aristocracy when we founded this country so we shouldn't have one.

4) Businesses should be taxed or not taxed, but not taxed AND not taxed. They shouldn't be able to use "double Irish" or "Dutch sandwich" or operate out of PO boxes in Bermuda or the Cayman Islands. (Bonus, this also helps reduce incentives to send our jobs and factories out of the country.)

5) If you don't pay your taxes We, the People won't pay to provide you with services. We can start by not allowing you to have a driveway that connects to public streets, or water/sewer hookups or mail. Also we won't enforce any contracts for you, including the one that says you "own" your house(s). And no government-developed Internet for you.

If companies like Google want to "double Irish" and "Dutch Sandwich" us or operate out of PO boxes in tax havens, we shouldn't let them use government services like courts, or the government-developed Internet. See how well they operate without access to roads (that includes for employees to get to go to work.) How about withdrawing the limited liability protection that investors in corporations receive? And of course no protection for "intellectual property" or trademarks. Oh, yeah, no access to anyone who went to a school that used tax dollars. And no government services means no sea-lane protection for your products shipping from Chinese factories, by the way.

6) Speaking of sea-lane protection, why do we have a military budget comparable to when we faced nuclear annihilation by the Soviet empire? Bases in Germany and Japan? And why can I go to this website, pick a DC-area zip code, say 22314, and learn that "Dollar Amount of Defense Contracts Awarded to Contractors in this Zip Code from 2000 to 2009: $7,086,397,848." Seriously, scroll down the page and look at some of the contracts and amounts awarded. I suspect there's some serious deficit reduction to be found in the military budget. A comprehensive and very public audit of where all that money has been going since, say, 1981 might take a chunk out of the debt problem all by itself.

7) I could start listing all the corporate subsidies, tax breaks, monopoly grants, schemes, contracts, etc. that we pay for, but I think you get the idea. How about calling bribery by its name: bribery, and doing something about it?

8) To the extent that implementing this plan does not clear up the deficit and start paying off the debt, how about a yearly national property tax on all individual holdings above, say, $5 million, with the tax rate progressively increasing as total wealth increases, and keep doing this each year until the debt is paid off. Perhaps start at 1% on $5 million, 2.5% at $10 million, 5% at $50 million, etc. (Hedge fund managers and investment bankers start at 50% and go up, just for the heck of it. We can call this the "get the money from where the money went tax.")

So there is MY deficit-reduction plan. Or, instead, we could do what the "serious people" deficit-reduction plans do: cut services for We, the People, cut Social Security, cut health care, cut education, cut infrastructure, cut the things that make life better for people, and give all the money to a few at the top. Take your pick.

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Tuesday, November 16, 2010

Waffling on Waterboarding

Waffling on Waterboarding

EDITORIAL

Waffling on waterboarding

The CIA destroyed dozens of videotapes recording the interrogation of two suspected terrorists, but no charges will be filed.

November 16, 2010

The laughable notion that waterboarding and other "enhanced interrogation techniques" don't constitute torture is belied by the fact that the CIA in 2005 destroyed dozens of videotapes recording the interrogation of two suspected terrorists. Now aspecial federal prosecutor has declined to pursue criminal charges in connection with the tapes' destruction.

John Durham, the prosecutor, may still decide to charge CIA officials with lying, and he also is probing whether the interrogations themselves violated Justice Department guidelines. But his decision not to file obstruction of justice charges over the destruction of the tapes will make it more difficult to learn the facts about this inexcusable cover-up.

The tapes recorded the interrogations of Abu Zubaydah and Abd al Rahim al Nashiri, both of whom were subjected to waterboarding. Although the agency was under a court order to release documents relating to the abuse of prisoners (or explain why they couldn't be produced), the tapes were destroyed. An e-mail obtained by the American Civil Liberties Union quotes Jose A. Rodriguez Jr., then the head of the CIA's clandestine service, expressing fear that if the images on the tapes were publicized "out of context, they would make us look terrible." (It's hard to imagine what "context" would make waterboarding acceptable.)


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Presumably Durham concluded that fear of embarrassment, rather than an attempt to thwart a criminal investigation, was the motive for the tapes' destruction. Another factor may have been assertions that CIA lawyers approved the destruction. Or perhaps Durham thought it would be prohibitively difficult to prove that the agency broke the law. Not for the first time, officials who violated civilized standards are the beneficiaries of this nation's exacting standards for criminal liability.

Even if Durham was correct that a case would not be winnable, the fact remains that destruction of the tapes obliterated evidence that would be valuable not only to Congress but also to Durham in his investigation of whether interrogators flouted the (minimal) standards established by the Justice Department. Jay S. Bybee, one of the authors of the so-called torture memos, told Congress earlier this year that the memo authorizing the waterboarding of Zubaydah was conditioned on a promise that there would be no "substantial repetition." Yet, according to the CIA's inspector general, Zubaydah was waterboarded 83 times.

Given Durham's decision not to prosecute, Congress should determine to its own satisfaction how the decision to destroy the tapes evolved. Meanwhile, Durham should determine whether the waterboarding of Zubaydah violated the law as interpreted by the Justice Department. Outrageous as the destruction of the tapes was, it pales in comparison to the behavior they recorded.

Wednesday, November 10, 2010

Sunday, October 10, 2010

Dems Come Alive!

Dems Come Alive! - Michael Moore

Tuesday, September 21, 2010

Wednesday, September 8, 2010

Shirley Sherrod: We Can't Yield - Not Now, Not Ever

We Can't Yield - Not Now, Not Ever

MUST READ

August 18th, 2010 4:02 PM

You and I Can't Yield – Not Now, Not Ever

Back in March, I delivered a speech to an NAACP Freedom Fund banquet in my home state of Georgia. I drew on my personal life story to urge poor people, white and black, to pull together and overcome racial divisions. We have to understand that our struggle is against poverty and against those who are blocking our path out of poverty.

Unless we figure this out, I warned, our communities won't thrive and our children won't prosper.

As you know, a Tea Party blogger named Andrew Breitbart released an intentionally deceptive, heavily edited clip from that speech to make it look as if I was delivering exactly the opposite message. Then Fox News blasted that false message across America's airwaves, creating a firestorm that led to my ouster as the USDA State Director here in Georgia.

Not long ago, I sat here in my living room in Albany, Georgia for an afternoon of deep conversation with NAACP President Benjamin Jealous. As he has done in public, Ben movingly apologized for the fact that the NAACP was initially hoodwinked by Breitbart and Fox into supporting my removal. I told him what I want to tell you.

That's behind us, and the last thing I want to see happen is for my situation to weaken support for the NAACP. Too many people confronted by racism and poverty count on the NAACP to be there for them, especially those in rural areas who often have nowhere else to turn.

People ask me, "Shirley, how are you getting through all of this?" I tell them that, if they knew what I have lived through, they'd understand that these current challenges aren't about to throw me off course.

When I was 17 years old, my father was murdered by a white man in Baker County, Georgia. There were three witnesses, but the grand jury refused to indict the person responsible. I knew I had to do something in answer to my father's death.

That very night, I made a commitment that I would stay in the South and fight for change.

I have lived true to that commitment for 45 years. I didn't yield when, just months after my father was killed, they came in the middle of the night to burn a cross in front of our house with my mother, four sisters, and the baby brother my father never got to see still inside.

And I'm surely not going to yield because some Tea Party agitator sat at his computer and turned everything I said upside down and inside out.

I learned a lot of lessons from my parents growing up, but one of the most important ones is what my mother taught her children after our father was killed. She told us we mustn't try to live with hate in our hearts.

My mother led by example. Just 11 years after that cross-burning incident, she became the first black elected official in Baker County, and she's still serving, still working to bring people together.

You and I have to keep working as well. Change has to start with us. I have been overwhelmed by the outpouring of support I have received over these last few weeks. It means so much to me and my family.

But you and I have to make sure that people all across the country who wage a daily struggle against poverty and racism have support networks as well. And that's why your personal involvement in sustaining the NAACP is so critical.

The NAACP confronts the virulent racism that my family and so many other families have had to endure. But it is also leading the way in breaking down the structural barriers that block so many people's paths out of poverty.

In our struggle between the "haves" and the "have-nots," they want to keep the poor divided - and we have to insist, by our words and our actions, that there is no difference between us.

As we move forward together, I urge you to remember this: Life is a grindstone. But whether it grinds us down or polishes us up depends on us.

Thank you for all you are doing to challenge poverty and racism. I look forward to working and struggling right by your side.

Sincerely,

Shirley Sherrod

Monday, August 16, 2010

Tuesday, July 27, 2010

NY Times - Four Ways to Kill a Climate Bill

Op-Ed Contributor - Four Ways to Kill a Climate Bill - NYTimes.com
OP-ED CONTRIBUTOR

Four Ways to Kill a Climate Bill

IF President Obama and Congress had announced that no financial reform legislation would pass unless Goldman Sachs agreed to the bill, we would conclude our leaders had been standing in the Washington sun too long. Yet when it came to addressing climate change, that is precisely the course the president and Congress took. Lacking support from those most responsible for the problem, they have given up on passing a major climate bill this year.

It’s true that passing legislation to rebuild our fossil fuel-based economy was always going to be a momentous challenge. Senators and representatives feel in their bones (and campaign accounts) the interests of utilities and the coal and oil industries. Even well-intentioned members of Congress struggle to balance the competing needs of energy-intensive industries, coal workers and American families.

But with climate change a stated priority for President Obama and Congress, how did they fall so short? By weaving four coordinated threads into a shroud of inaction. This began long before President Obama took office, but rather than rip up the old pattern — as he advocated during the campaign — the president quickly took his place at the loom.

Thread No. 1: Climate is out; green jobs are in. Despite climate change being the greatest challenge of our time, with millions of people facing inundation, starvation and conflicts over scarce resources, the White House directed advocates not to discuss it. At a meeting in April 2009 led by Carol Browner, the White House coordinator of energy and climate policy, administration message mavens told climate bill advocates that, given the polling, they should avoid talking about climate change and focus on green jobs and energy independence.

Had Lyndon Johnson likewise relied on polling, he would have told the Rev. Dr. Martin Luther King Jr. to talk only about the expanded industry and jobs that Southerners would realize after passage of a federal civil rights act. I could imagine Dr. King’s response.

The urge to avoid the topic of climate change is not new. While Bill Clinton and Al Gore have done noble work on climate since leaving office, when they had the presidential megaphone they did little to educate the public about the wolf at our door. President Obama has followed suit, and our national comprehension of climate change continues to stagnate. Virtually the only public officials working to shape opinion on this over the past two years have been those committed to misrepresenting the science.

Thread No. 2: Devising a bill for historic polluters, not the American people.Remember the president’s campaign pledge to represent the people, not the lobbyists? That’s not what he’s done on this issue.

For several years the Beltway wisdom has been that it is impossible to pass a bill without the approval of historic polluters, particularly the utilities, which run coal-burning power plants, the nation’s single largest source of climate-changing pollution. The administration and Congress did their best to get the industry’s permission for new regulations. They proposed handing power companies hundreds of billions of dollars worth of allowances to pollute, additional billions to subsidize the development of technology to sequester carbon from coal-fired plants, and evisceration of federal authority under the Clean Air Act to regulate carbon. Peter Orszag, the budget director, said giving away pollution permits would be “the largest corporate welfare program that has ever been enacted in the history of the United States.” But no matter — it wasn’t enough.

Thread No. 3: A Rube Goldberg-policy construction. Because Congress built a policy machine designed for special interests, most proposals were chockablock with policy contraptions impossible to even explain, much less put into effect. Provisions included pollution allowances for favored corporations, carbon credit-default swaps, complicated worldwide offset provisions to enable avoidance of actual pollution reductions at home and loopholes to extend the life of the dirtiest coal plants. By the end of the process, even Campbell Soup demanded a special deal for the carbon-intensive job of making chicken noodle soup.

This rush to the trough was inevitable once President Obama ditched his plan to push a simple market-based bill that would have required polluters, rather than citizens, to pay for switching from fossil fuels to renewable forms of energy.

Thread No. 4: The public sits it out. American history has few examples of presidents or Congresses upending entrenched interests without public pressure forcing their hand. Teddy Roosevelt is on Mount Rushmore for a reason.

Citizens wouldn’t support an approach they couldn’t understand to solve a problem our leaders refused to acknowledge. Even the earth’s flagging ability to support life as we know it couldn’t stir a public outcry. The loudest voices insisted that leaders in Washington do nothing.

They obliged.

Lee Wasserman is the director of the Rockefeller Family Fund.

Monday, July 26, 2010

Left Pushes Hard for Elizabeth Warren

Left Pushes Hard for Elizabeth Warren

Left Pushes Hard for Elizabeth Warren

24 July 2010
Prof. Elizabeth Warren, chairman of the Congressional Oversight Panel set up to oversee the TARP program, 04/20/09. (photo: Tim Sloan)

Prof. Elizabeth Warren, chairman of the Congressional Oversight Panel set up to oversee the TARP program, 04/20/09. (photo: Tim Sloan)

Will Obama let down liberals - and women - again? Inside the fight over Washington's new consumer-protection agency.

here's a 2.0 version of health care's public-option debate, and her name is Elizabeth Warren. She's the Harvard law professor who's been overseeing the Troubled Assets Relief Program and giving Treasury Department insiders heartburn over their excessive generosity to Wall Street bigwigs. Liberals are lobbying hard for Warren to head the newly created Consumer Financial Protection Bureau, warning the White House that failure to do so would rival the left's disappointment over President Obama's refusal to fight for a public option. Warren's backers consider her the Joan of Arc of the financial consumer movement.

Warren is the only woman under consideration, and the job should be hers if it weren't for some intramural friction that has taken on a gender cast. Her credentials are impeccable, underscored by her prescience in originating the idea for a consumer financial agency three years ago, well before the storm that would take down the markets and cost taxpayers trillions in wealth. Writing in a 2007 article in the journal Democracy, Warren challenged the rah-rah boom times, arguing that consumers are "effectively unprotected in a world in which a number of merchants of financial products have shown themselves very willing to take as much as they can by any means they can."

In her clear-eyed and earnest way, Warren has broken through in testimony on Capitol Hill and on television as a voice for the people, ticking off powerful business interests and irritating the boys' club that Obama has entrusted to steer the economy. If Obama chooses her to head the new consumer agency, she would have to be confirmed by the Senate and would likely provoke a partisan battle on the scale of a Supreme Court nomination. On Friday morning, three Republican senators warned the White House not to use a recess appointment to fill the new position. For Obama, it's a classic political choice: how much of a fight does he want or need going into the fall elections?

His base is telling him that Warren is what the left needs to believe in him again. Obama loves the woman; there have been articles written about how he sought her out, and how admiring he is of her. As the financial-reform legislation made its way through Congress, she was consistently named as the likely head of the first consumer-protection bureau. If Obama backs down now, he looks like he's afraid of a fight, which is not a good perception for a president who needs to burnish his leadership cred going into the November election. Warren is the voice of Main Street, and if the Republicans want to block her, Obama's attitude should be "Bring it on."

Warren has dared to challenge the captains of international finance, and she has rattled the protectors of Wall Street, many of them Republican and male, just the kind of opposition that Obama could use to drive women's turnout in November. Warren embodies his efforts to revive the economy and create jobs in a way that everything else he's done hasn't conveyed. Her persona as a champion for the people is so ingrained that Obama wins simply by having the fight. "The only question is whether Elizabeth Warren is Moses whose candidacy expires overlooking the Promised Land, or Joshua who gets to lead the troops," says Bill Galston, a senior fellow at the Brookings Institution and a former Clinton domestic policy adviser.

A decade ago, when Wall Street was riding high, Time dubbed the era's chieftains of finance - Alan Greenspan, Bob Rubin, and Larry Summers - "The Committee to Save the World." We learned later how their disdain for regulation and their faith in the markets was misplaced, and how one astute regulator, Brooksley Born, head of the obscure Commodities Futures Trading Commission, took on Greenspan et al. to argue for regulating those funny new financial instruments called derivatives that nobody understood, and how she was put down and marginalized and ultimately ignored. Former SEC chairman Arthur Levitt, in a Frontline documentary about Born's lonely and futile quest to sound the danger, recalled the disparity of power and how condescending the men were in thinking this was a woman you could "flick off with the back of your hand." Her warning unheeded, Born ultimately resigned, a case history of a missed opportunity that would have done more to save the economy, if not the world, than all the pooh-bahs who made Time's cover.

Warren has advanced further into the club than Born, and if she makes it, she would bolster Mary Shapiro at the SEC and Sheila Bair at the FDIC, who like Warren have been at odds with the Obama team. Gender is at play in these debates, as well it should be. With women controlling more discretionary spending in America than men do, it's far past time for better representation in the highest councils of power.

Eleanor Clift is also the author of "Two Weeks of Life: A Memoir of Love, Death, and Politics" and"Founding Sisters and the Nineteenth Amendment."