Risk takers and job makers
By Michael H. O’Donnell
When Republican politicians call rich people “risk takers” and “job creators,” my mind trips back to a scene from “Full Metal Jacket.” The movie was a powerful look at the Marine Corps during Vietnam – segmented into the hell of boot camp and actual combat when the Tet Offensive let America know this war was turning ugly.
Following another nasty battle with the Vietcong, a marine pokes the corpse of a propped up dead enemy soldier and proclaims, “We’re life-takers and heart breakers.”
It had a nicer ring to it than simply stating the obvious. We were strangers in a strange land sent there with a mission to take charge with overwhelming financial support and sheer firepower. The moral high ground became obscured in the smoke of artillery rounds.
The Megabucks Men behind the GOP campaign for control of the national soul seem to have embraced this scorched earth approach.
But rather than filling the “enemy” full of holes and shooting them full of lead, Republicans are trying to shoot arguments about the concentration of wealth in this country full of holes and they’re filling it with something softer than lead.
It was amazing to watch Ohio Gov. John Kasich claim victory over economic hardship recently on the Fox News network and label a push to raise taxes on the rich an evil Democratic attack on job makers and risk takers. He went on to say how counterproductive to the well-being of a nation it is to create a divide between people.
“Let’s not dwell on the haves and have-nots,” is the message.
Someone needs to take the good governor to the corpse that used to be Uniopolis, Ohio so he can poke it and talk about job makers.
He was bragging about how he managed to balance the state’s budget and reduce taxes at the same time. So how did he do it?
One of the things he did was gut funding for small towns like Uniopolis and funding for services like police and responsibilities like public education. Many police departments across Ohio eliminated jobs for half their officers. Uniopolis laid off its one part-time cop and the city maintenance guy. It shut off the street lights and literally ceased to exist.
Statewide, Kasich pushed a 20 percent cut in state spending for public education and sliced $470 million in support for nursing homes. He attacked labor unions for guaranteeing wage levels for state construction project workers and tried to eliminate collective bargaining for all public employees.
Cutting all these “costs” allowed the Ohio governor to reward the risk takers and job makers with more money in tax cuts for the wealthiest.
If this sounds like a mirror image of Idaho the past couple of years, it’s no surprise.
Gov. Butch Otter and his fellow Republicans embraced the same strategy for balancing the budget here. Money for education and public health services became as scarce as diamonds in a spud field. Teacher unions and wolves shared party popularity and austerity for the poor and middle class became the key to success.
When a few bucks started surfacing this spring after the worst of the economic downturn had passed, Republican lawmakers passed it on to the risk takers and job makers. Idaho’s wealthiest people and corporations got a tax cut.
Funding for projects that directly help the poor went begging.
Republicans justify the economic cruelty by quoting their patron saint Ronald Reagan, who once said, “No poor man ever gave me a job.”
Of course no poor man ever canceled your health insurance, shipped your job to Indonesia, poisoned your water or killed your children in a war overseas to pad his wallet either. Those are activities best left to risk takers who let ordinary folks take all the risks.
Don’t get me wrong, I love entrepreneurs and family businessmen. These people really do take risks and create jobs in America. More importantly they share risks and create partnerships of ideas and dreams. They are not the folks at the top of the food chain. It’s sad they often become the foot soldiers for those who do dwell in lofty multinational bank accounts.
Many admire the people who sit on boards of directors who would crush them like a gay grape if it serves corporate greed. Monopolies hate competition and free enterprise much more than the most wild-eyed of liberals.
What they do like is control and slave labor. It worked to fuel the economy of the Confederate States and still does the trick in the most oppressive of nations.
Big money controls politics and viciously fights any political moves to control it.
Money is green and to steal a line from “Full Metal Jacket,” the super-rich are “jolly green giants walking the earth with guns.”
Michael H. O’Donnell is the assistant managing editor of the Idaho State Journal.
Yawn, did you say something? Let’s see . . blah, blah, . . . blah, blah. Nope.
I see Romney has asked for a six month extension for filing his taxes. That spells trouble for him. What exactly is he hiding? Maybe he took apart more american companies than we thought. He said himself he likes to fire people. Must make a person feel good to make millions off the backs of the working poor.
Michael,
I am waiting until the first blogger will call you a dirty communist and an “America hate bastard” (I myself was called that a couple of times), and I am afraid that will not take long time.
Good points anyway!
Christian
NRF,
He paid $3.4 million on an estimated possible $3.2 million return but yes did ask for an extension. As the April 17 tax deadline draws near, the Romneys aren’t the only ones asking for more time to finish up their taxes. The IRS estimates that 10.4 million taxpayers filed for extensions last year. So, even with an extension he paid more than Obama did, so what’s the beef? I’m sure you’ll invent one, you always do, like what he hiding, etc? Since he paid $887,000 additional, the answer appears nothing. Where’s your evidence? I have to ask in advance, you always make they grandiose comments with nothing to back you up. Either you have evidence or you don’t.
When you’re part of a company that takes “failing” companies and either makes a go of them or puts them out of the misery, then yes, you get to fire people. Wish he’d have taken over the company I worked for, the management needed to be fired and then some, but no, they ran the company into the ground instead. But companies aren’t like that in your world are they? The workers paid for the managements mess. Romney would have been welcomed with open arms, anytime.
Working people are generally not the poor, those are the nonworking ones on welfare, in case you failed to note that. The ones the democrats like to refer to as their voter base. Never had a poor person ever offer me a job over the years.
Oh, in answer to your question if he gets in, the jobs are GONE with Obama. They won’t be back for a long time, next president has some hard decisions to make and we better get one that knows how to make them and they will hurt, guaranteed. The longer we go down this road to debt, the worse the decisions will hurt.
It hard I guess to keep track of those off shore accounts. He didnt pay more by percentage, he payed more because he made more, a hell of alot more.
How many jobs were created by the Bush tax cuts? Taxes were higher under Clinton and there were more jobs. Republicans are going to have to find another way to justify these tax cuts, the proof is there now that giving the rich a break only fattens their wallet.
Now I know at least in part why O’Donnell is so screwed up. He believes Hollywood! They produce a movie, and by gawd it’s got to be true! This guy has a screw loose and suffers from severe detachment from reality! Michael, start following the news and leave the movies to your kids! Better yet, keep them away from the movies too!
NRF,
And when the things that Clinton put into play hit? All sorts of problems. Sort of like now when Obamacare won’t come in until 2014 and if he’s not president we can whoever is president?
There is a reason for off shore accounts and until the reason gets changed they will be popular and exist, like it or not.
Oh, it’s Obamas tax cuts now, all his. No such proof exists.
DR: The Bush tax cuts did not create a single job. Now Romney has tied himself very tightly to the Ryan plan. How is that going to play? Even republicans, that actually use Social Security, dont like it. We all know Romney isnt going to use it. Clinton handed over a surplus. That was destroyed by two wars and an RX plan and tax cuts for the rich, none which were payed for. Clinton always looked out for the poor and minorities. He has an office in Harlem. I bet Romney doest even know what state Harlem is in.
NRF,
While I’m sure you would like to suggest some significance to Romney’s filing for an extension on his taxes but with regard to off-shore bank accounts, I think you have him confused with George Soros who moved his business headquarters to the Caribbean to avoid paying US taxes.
Perhaps you also got him confused with Warren Buffett who says the government should tax him more yet he still owes about $1 Billion in back taxes as far back as 10 years.
Speaking of the Left’s favorite “risk taker,” here is an interesting article about Buffett and his cronyism-based investments. http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/warren-buffett%E2%80%99s-latest-tax-dodge/481806
NRF,
No jobs? Well, we can blame that on the present resident of the White House, just like previous one got blamed for the same. And depending on who the next president is, one gets a pass but the other never will? Got that right.
CBO said deficit would be ZERO by 2011 and now we’re $5.2 trillion more in debt and who gets credit for that? Yup, that guy. Only fair to blame him per previous bad behavior in that arena by certain unnamed individuals who all passed Yellow Journalism 999.
Caribbean accounts will exist until Congress and the tax code gets fixed. If you had to pay dearly for not taking advantage of something, would you? I’m volunteering you to pay about $50,000 extra this year which is your share of the “new” debt.
I used to know where every single line in the tax forms appeared in the computer program that IRS used. Now, with 70,000 pages of tax law it’s impossible to even have the slightest idea of whether something is or something isn’t. Simplify the tax code and these off shore things will die naturally. Otherwise keep pointing fingers at the wrong individuals who know how the system can be used to make money. No, not the dude-in-charge at present. He can’t even trust his own secret service as of late.
How about the U.S. controls the value of it’s currency the same way the Chinese do, only fair. A few words on the appropriate piece of paper and “balance of trade” goes away and China will be threatening us if we don’t surrender and now. Hey, they do it, why can’t we? Somewhere, someplace a few words will wipe out all this mess, everyone will be broke and we all start over. Some will make it, most won’t. Got a worthless $20 that says I know which you are.
Phil: None of those people are running for president,so I really could care less what accounts they have where. Did I site the Koch brothers? No they arent running for president, just funding it.
I dont know why Romney asked for the extension. All I know is it makes it looks like he is hiding something. I bet you would be singing the same tune if Obama did it in 08 right? Yeah we would have heard he is funding some secret Muslim organization.
Romney has many , many more issues then his tax extension to overcome. We all know he is the poster child of the 1%. Thats going to kill his campaign. Well that and women, minorities and the youth vote.
NRF,
Most people ask for extensions when fiscal information has to be obtained from various sources that don’t come in before the deadline. Now if you don’t pay anything then yes, big red flag, but he paid more than he was required to if I understand correctly, so if he paid in advance and it’s found he was correct, then where’s your evidence to back up your assertion? Made it up, sorry I forget how you do things. My bad.
I backed up a lady who lost her computer and her database a number of years ago when she asked for an extension. IRS gave it to her as I took care of their computers at the same time. I’d give Romney and 10.4 million others an extension too, this year. Now, I understand Mr. Wonderful Buffet owes 10 billion per another post on here. Where is your outrage?
So, if you want to cast aspersions, you better have evidence or take your lumps later on.
Presidents have to provide all this information? Never did before, why now? I don’t think Obama should either, why just Romney? Witch hunt? Looks like it.
Oh, it’s “cite” I believe. And yes you manage to dredge the Koch brothers in quite often, why not dredge in some of the shady characters on Obamas side, he’s got some who are definitely more interesting in the shady character side.
Extensions are granted especially if you pay an estimated tax in advance. Lots of things you don’t know, lady.
Oh, Obama is funding Al Qaeda in Libya it appears using taxpayer money, just for a start.
Al Qaeda, “the post” who loves to remain under the radar. Libya is now safe for Sharia too, compliments of the U.S. Isn’t Arab Spring on our dime wonderful? Libya is still a mess. Seems some are threatening to split into multiple countries, whatever that will solve.
So, you want to go with the loser vs the guy who knows how things work? Got a spare $5.2 trillion to spare for the next 4 years? What “WE ALL KNOW” is more like what the few know. Good luck, you’re going to need it. Seems the polls about the economy he’s way up there percentage wise, it’s the economy, stupid. Americans would be foolish to ignore the obvious and go with the trash talkers. Youth are now voting? Hmmm! Democrat too.
He just looks like he is hiding something. He has been running for president for years now. Dont you think he would have had his ducks in a line long ago? I saw several polls across the board today and it looks like a dead heat on the economy. We all know it comes down to a few states and its only April. What will the republicans do to slow the economy even more. How sad to make people struggle in order to make yourself look better.
Romney knows how things work? Oh really. Its easy to make money off of money. He hasnt worked for years, just lives off the hidden accounts off shore. How is that car elevator coming?
Romney’s economic edge
But Romney’s advantage comes on what will probably be the No. 1 issue in the fall: the economy.
By a 40-34 percent margin, respondents believe Romney would be better when it comes to having good ideas for improving the economy. And Romney also edges Obama on changing “business as usual” in Washington. (MSNBC poll, why?)
Gave away his inheritance to charity but only knows how to make money off money? What money would that be? He didn’t use his inheritance to gain it did he? Didn’t go to Vegas either. Prove your assertion or drop it.
Offshore Banking: Is it a Legitimate Option?
Published on:
Wednesday, May 21, 2008
Written by:
Cali Zimmerman
Offshore banking often conjures up visions of corrupt executives avoiding taxation or drug dealers and other unsavory characters using offshore accounts to keep their dubious dealings hidden. But this is not necessarily the case. Certainly some people use offshore bank accounts in unethical ways, just as there are those who abuse loopholes in tax laws or engage in corrupt foreclosure rescue scams, but having an offshore bank account does not immediately brand someone a criminal. In fact, offshore banking can potentially be beneficial for investors looking to protect their assets, run a business while maintaining anonymity or avoid unreliable banking systems at home. (unreliable banking systems at home? shades of wall street?)
Offshore banks are often, but not always, located in countries providing no-tax or low-tax environments, known as tax havens. The term “offshore bank” simply refers to a bank located in a country other than the one in which the account holder resides.
Many people may legitimately open an offshore bank account. “It’s surprising how most people think [tax evasion] is the number one motivation, but I’d say 80 to 90 percent of people who call are interested in protecting their assets from lawsuits or some other threat. Or they just want the privacy of banking [offshore],” Doug Booth, a paralegal with Offshore Legal, a law firm based in Panama, said.
Wealthy businesspeople who want to get involved with a project and remain anonymous may choose to do so through an offshore corporation because of the privacy it offers. And diminishing confidence in the local economy may also be encouraging U.S. residents to move their money offshore. (and a bunch do move their money where it’s safer. Strange you thought american banks were so safe? Shades of Bank of America, AIG, etc.)
Hasn’t worked for years, you mean like his wife hasn’t worked at raising 5 boys among other things. No, where he worked was rather profitable and you’re jealous, aren’t you?
Here read for yourself: http://jalopnik.com/5897124/the-truth-about-mitt-romneys-car-elevators
“If you disagree with Mitt Romney’s policies, that’s fine. I know I disagree with a lot of them. But let’s stop using success and the realization of the American dream as an attack point. John F. Kennedy didn’t need to apologize for coming from a wealthy family and for his personal successes — so why should Romney be forced to? Wanting a car lift doesn’t mean you don’t understand the working man — so stop saying it’s indicative that it is. There’s other evidence you can use for that.” (be sure to click on the blue part for your next verbal jab, can’t have running out.). /Next?
DR: Good thing Romney has you to talk him up because no one else is. With endorsements like those who needs enemies.
NRF,
You wish.