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From Rutherford B. Hayes, President of the United States (1877-1881):
“In church it occurred to me that it is time for the public to hear that the giant evil and danger in this country, the danger which transcends all others, is the vast wealth owned or controlled by a few persons. Money is power. In Congress, in state legislatures, in city councils, in the courts, in the political conventions, in the press, in the pulpit, in the circles of the educated and the talented, its influence is growing greater and greater. Excessive wealth in the hands of the few means extreme poverty, ignorance, vice, and wretchedness as the lot of the many.”
Here we have the rationale for overturning the 2010 U.S. Supreme Court decision “Citizens United,” which grants corporations the right to spend as much money as they wish to control the outcome of our elections and insure total control over our lawmaking processes.
Will such a measure be sufficient to right the ship? Of course not, but it’s a great first step, to be taken along with restoring the taxation of the rich and corporations that we had before the “trickle-down economics” hoax of the Reagan era.

Wealth Inequality

Renewable Energy

Jan 6

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Can’t swear that this is true but hoping so.

We must never forget.

The more visibility and the more frequent reminders we can get on this catastrophe in U.S. history the better.

Jan 6

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California

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It’s almost funny when we hear that California is a socialist state, or a police state (due to our environmental restrictions), or that people are leaving in droves to go to Texas or Florida.  When I come across people who say this, I wonder: have you ever actually been to California?

Do you know that the garden-variety 3 BR, 2 BA house here lists at about $1.2 million, where, if it were moved to, say, the Midwest, it would be worth perhaps $2500,000?  Why do you think that could possibly be?  Maybe the law of supply and demand doesn’t apply to the Marxist part of the nation?

Perhaps it’s because Californians are offered fantastic economic opportunities. We develop and implement ideas that improve the lives of everyone on Earth, and that we profit greatly from our undertakings.

Something for the MAGA crowd to consider.

California

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Renewable Energy

Who or What Creates Wealth?

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The main way governments create wealth is by educating people so that they can become productive members of society. They also build roads and airports and maintain law and order so that honest businesses can thrive.

Anyone living now who believes that Elon Musk and Jeff Bezos are creating wealth for anyone but themselves is a total fool.

A ton of people bought into the concept expressed here in the mid-20th Century, but no semi-intelligent person today believes that tax breaks for billionaires/trillionaires generates a nickel for the common person.

Who or What Creates Wealth?

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