Daily PUMA Column - Commentary by Alessandro Machi

Showing posts with label Anti Tax. Show all posts
Showing posts with label Anti Tax. Show all posts

Tuesday, May 12, 2009

The Stimulus Package and Higher Taxes are being fueled by The Credit Card Industry!

I have always been good with simple math. In one way this has been a bad thing because it enables me to see the mathematical manipulation of peoples lives while others don't seem to notice, yet I have no standing because I am not a physics major nor do I have a PHD in math.

Imagine being the character who yells out that "soylent green is dead people",  and nobody knows what you are talking about. Imagine being the person who coined the phrase, "if you build it, they will come", and nobody was interested.  

The Credit Card problem is becoming the soylent green of our entire economy. Even economists who state that the credit card industry is causing a huge economic problem will then state that the credit card problem is on equal footing with other economic problems, without seeing that credit cards may be the UNDERLYING problem that is affecting the other economic problems as well.

What is frustrating to me is that people who don't have credit card debt feel it is a problem that is beneath them, that it only affects the reckless and self indulgent, those who ASKED FOR IT.

That sentiment cannot be farther from the truth for most americans.

We are all interconnected mathematically. You could probably count on one hand the number of businesses that DO NOT take credit cards but do take debit cards. Even if you don't have credit card debt, or pay off your debt every month (bravo by the way), the place that employees you, and the vendors that either supply or purchase products or services from your business, in all likelihood RELY ON CREDIT. Without those credit lines, you may not still have your job, and guess what you might end up relying on to get by.

Now is the time to link the credit card industries recent actions to higher taxes. The credit card companies, the FDIC, and the federal reserve continue to suck out the fragile, economic life lubricant known as credit lines and lower interest credit card rates from every small city in the United States and their local economies. The credit card companies are also shafting their most reliable, honorable, never late paying, never miss a payment type of customer.

Credit card companies are ALSO sucking out the very economic life force that helps local, state, and federal governments meet their tax goals. So now there are two equal anti-economic forces working against the working class. 

As local credit dries up, and interest rates rise (even as the federal reserve drops interest rates to the banks) governments receive less in consumption taxes and property taxes as people make less purchases, home values drop and people are foreclosed on.

It is NOT ENOUGH to just be against higher taxes. If you are against higher taxes but not against higher credit card interest rates, you have not figured it out yet.

Now is not the time to be either a democrat or a republican. Now is the time to find alternative ideas to the same old stuff that got us in this economic mess. Incentive based Credit Card Programs are the only way to stop the downward spiral of the world's economy.

Instead, we are being force fed a "This is going to hurt me, more than it is you" chant by the banks as they continue to raise interest rates and lower credit card limits. Creative, incentive based credit card programs have not been tried, and that is the real crime that is going on and on and on.

Monday, March 9, 2009

KNBC News Under Reports Tax Protest Crowd of 15,000 by 95 Percent!!! John and Ken of KFI AM 640 California Anti Tax Increase Rally a Huge Success.

15,000 Southern California Tax Protestors participated in a KFI AM 640 anti tax rally. In a rather strange twist, KNBC reported the grass roots protest crowd as "hundreds" of protestors, under counting the attendees by 95%!

The Los Angeles Times refused to cover the rally, and instead ran a story about a protest in Sweden that had half the attendance. Later on, The La Times Internet edition ran a story from another newspaper and added their own snide comments to the article. KABC declined to cover the event. Apparently KTLA, an ally of the Los Angeles Times, may have not covered it as well.

I suppose the television and newspaper industries view radio DJ's such as John and Ken of KFI-AM 640 radio no differently than an attorney that advertises their services on television, but I would disagree. John and Ken marshaled 15,000 people to come out on their own time to Fullerton, California. Thousands more gave up because of traffic jams that occurred around the protest site in Fullerton, California.

This is a big deal, that is for sure.

A side note to all you PUMA blogs. I just googled KFI Tax Protest, Daily PUMA appeared on the first page because this article is only an hour old, but when I then googled "news", Daily PUMA does not show up at all. Is Daily PUMA being obstructed from the news section of google? I'll continue to check and see if this article ever appears on the news portion of google.

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It's approximately 19 hours later. When I google KFI Tax Protest. under the news option, only 8 hits come up, and Daily PUMA is not one of them. Since the KFI Tax Protest just happened, in theory, there should be almost as many hits for the google "news" option as there is for the standard google search.

Something is not right here. Google has figured out a way to not allow blogs to have their articles be considered "news". In case you don't understand what google news is, Google will list story links from the last 20 days. You can change the amount of days you search for, but the KFI Tax Protest is a NEW story, and it is a NEWS STORY, yet google news only revealed 8 News story links to a story that may have been discussed on several hundred blogs.

Maybe Google should add a "newscraping" category for all of us lowly bloggers that report about the news.

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