The Real Fair Tax

By on Apr 23, 2009 in Politics

“If the IRS taxed the wealthiest 400 at the rate it did when Dwight Eisenhower was in the White House, it would collect $35.9 Billion more.” – The Nation 4/27/2009 See the Institute for Policy Studies Reversing the Great Tax Shift: Seven Steps to Finance Our Economic Recovery Fairly

Some Articles on Obama’s Terrible Economic Choices —

By on Nov 27, 2008 in Politics

Considering that I am both doing NaNoWriMo AND have just moved, I don’t have time right now to formulate my utter (although predicted) disappointment in Obama’s cabinet choices, especially his economic choices. Instead I’m offering my dear readers (are there any really??) a smattering of articles that might give some insight – especially for progressives who think Summers & Geithner are good choices (and I’m not even taking into consideration the fact that Summers thinks that women just aren’t good at science): About the Advisory Board – Paul Krugman’s suggested picks. Why oh why Paul won’t you do it??Return of Wall Street Hustlers – Think that Rubin & Clinton aren’t partially responsible for this economic mess? Think again.State Banks Could Solve Financial Crisis – why not get the good part of...

From the Pen of Adam Smith Vol. 1

By on Nov 1, 2008 in Politics

Due to NaNoWriMo (and its textbook like qualities), I decided to split up my reading of On the Wealth of Nations, Adam Smith’s definitive work on capitalism. So here are a cropping of quotes of Book 1: Of the causes of Improvement in the productive powers of labour, and of the Order according to which its Produce is naturally distributed among the different Ranks of the People. Is this improvement in the circumstances of the lower ranks of the people to be regarded as an advantage or as an inconveniency to the society? The answer seems at first sight abundantly plain. Servants, labourers and workmen of different kinds, make up the far greater part of every great political society. But what improves the circumstances of the greater part can never be regarded as an inconveniency to the whole. No society can surely be flourishing and happy, of which the far greater part of the...

Philly Saves Homes!

By on Oct 1, 2008 in Politics

Here’s a good article in the NYT about a program in Philly that is saving 80% of foreclosed homes. Just because this blog is called “Rebecca Rants and Raves …” (I do way more ranting than raving though don’t I?), I’ll throw in a rant for good measure: “Ms. McGrath, a nursing assistant, said she had refinanced her $64,000 loan at 9.75 percent to help pay medical bills. She had expected to pay $1,406 a month, but from the start of the loan she was presented with bills of $1,886, which she could not afford.” Let me just reiterate for the zillionth time – We need Universal Single Payer Healthcare. NOW! (Note that the “single payer” part is key). Think I’m alone? The majority of physicians support universal single payer health care. (Otherwise known as ‘Canadian Style’ – seriously, when else can you...

Rebecca’s Bailout Plan ™

By on Sep 30, 2008 in Politics

This might be the only time I will say this: Thank you, thank you House Republicans for voting ‘No’ to Bush’s bullshit “bailout my friends and leave the american people with the debt” plan. I just got a new issue of the nation with their bailout plan. I haven’t read it yet so I’m sure I’ll have more to say on this topic later. If you haven’t yet, take a glance at Nader on the Bailout and Kucinich’s “Main Street Recovery Plan.” I, also, saw Paul Krugman on Keith Olberman tonight and he had some good points that found their way here. First, let’s start with what’s bad: Buying bank’s bad assets. Um, would you buy a house that was ruined by Katrina? No. It’s absurd. Giving Bush 700 Billion (or 350 Billion now and 350 Billion later unless you explicitly vote No) to do whatever the fuck he wants....