Tag Archives: greed

Obama Sez: Use Taxes as a Way to Keep Jobs in US; ThePete Sez: Use Guilt!

Obama Sez: Use Taxes as a Way to Keep Jobs in US; ThePete Sez: Use Guilt! by thepetecom

So, according to the above-capped article from Philly.com (source: articles.philly.com/2012-02-16/news/31067580_1_president-… ), Obama’s got this idea that he can give tax incentives to American businesses to stop them from hiring cheaper labor in other countries. This, on the surface makes sense, but don’t we need MORE tax dollars? Aren’t American corporations that pay little or no taxes harming the American economy by keeping funds from the USG?

I remember a time, not long ago, when anyone who was critical at all of America, for any reason, would be called anti-American. Speak out against wars in other countries and you were anti-American. Say something about how torture was bad and some Republican douchebag would label you anti-American. But corporations, which are now legally people, not only dodge taxes, but they also hire foreigners instead of Americans and no Republicans (or anyone else) says anything. Really, anti-American is exactly what these corporations are. By hiring foreign workers in foreign countries, not only do Americans not get paid what they are worth, the American economy, itself, loses money since the foreign worker isn’t going to be spending that money in the US.

Not paying taxes, hiring American, and sending American money to other economies–how much more anti-American can a corporate person get? As American citizens we should be slamming (and boycotting, if possible) companies that use foreign labor. Our politicians should be vocally slamming these corporations, too. After all, by not slamming them, our politicians are contributing to the loss of American jobs and American money and both harm the American economy.

Of course, the ultimate smart bomb would be to ban outsourcing completely. But we’ll never see that happen because that would harm American businesses and we would never want to put the American people above American businesses would we?

Yes, it’s true, We The People have become second class citizens behind corporations. At least we still have our freedom of speech–why not use it to slam these anti-American corporations? If they’re people they must be able to feel guilt, right?

Posted in TheBusinessMindedPete | Tagged , , | Leave a comment

Draw Every Day 2/13/12: $2012 An Economic Odyssey

Feeling a little preachy today, I am. :)

See a progress shot of this illustration.

Posted in TheDrawingPete | Tagged , , , , , , , , , , , , , , | Leave a comment

#SnagFilms iOS app featuring only documentaries is “Brought to you by #GoldmanSachs”. App deleted on principle.

I also wrote a negative review in the App Store. Where you get your money from does matter, doesn’t it? (I’m honestly asking.)

Posted in TheBusinessMindedPete, TheFinancialPete, TheTechPete | Tagged , , , , , , , | Leave a comment

How to Liberate America

How to Liberate America

It comes down to values and power. The fate of America turns on the outcome of a contest between forces aligned behind two competing economic systems with dramatically different values, structures, and agendas. One is the greed-driven, money-serving corporate-ruled Wall Street Economy that measures its success exclusively by the financial profits it generates for the already rich. It neither acknowledges nor accepts responsibility for the economic, social, environmental, and political devastation it leaves in its wake.

The other economy is comprised of the democratic, community-rooted, market-based life-serving Main Street economies that ordinary people are rebuilding across the nation and around the world. This emerging New Economy measures success by its contribution to securing adequate and meaningful livelihoods for everyone in a balanced relationship to nature.

Huh. Interesting take, but the first paragraph seems to be an “Incredible Hulk” version of the second paragraph since the second paragraph describes what the Western World was like for quite a while.

This is why I always take issue with people telling me I’m anti-corporate—I’m not. I just believe in moderation.  I’m 99% sure that if we go back in time with how corporations are run (not just to make as much money as possible, aka, not to the extreme) we’d see a return to the good old days of the American economy.  I think we need to regulate the shit out of corporations, passing laws that prohibit any outsourcing of ANY and ALL jobs, ban tax incentives for businesses completely, make it a jailable offense to hire illegal immigrants, force environmental and worker safety standards, require products be made with materials ONLY found inside the country and put caps on executive salaries.

Will this kill a lot of businesses in the US? Damn right it will. But only the assholes.  Good people who run businesses are already doing this sort of thing.  RIGHT?

Oh, you say you’re a good person who is running a business that would be killed by this draconian, sweeping changes? Well, good riddance then.  Because if you’re not caring about your workers, your customers, the environment, and you’re only in it for the money you can’t call yourself a good person.

We need to grow up and face the music.  Our economy is falling apart around our ears and we’re mostly pretending it isn’t.  Only sweeping changes like this will make a difference.  We need to pull back from the extreme we’ve let the corporations get to. 

Oh and the “emerging new economy” the original post refers to? I have no idea what the fuck they’re talking about.  Nothing “market-based” ever has a “balanced relationship to nature.”  We need to constantly ride the levels of regulation.  Sometimes we need a bit more and sometimes a bit less, but clearly, we need a LOT more right now as corporations are just a bunch of sociopathic Godzillas.

Posted in none, Website666 | Tagged , , , , | Leave a comment

Which Banks are Charging New Fees and Why Banks Shouldn’t Charge at All

I reblogged a post from Newsweek’s Tumblr and added a bunch of commentary over on website666.com earlier today but thought it should be on my main blog, too, since money and banks are something that we all deal with.  The first bunch of text is from the Newsweek post, my commentary follows:

Bank of America: “A new $5 fee to replace debit cards took effect in September; a rush overnight order costs $20. Previously, both services were free.”

Chase: “In February, Chase introduced a new basic checking account with a $12 monthly fee, up from the previous $6. The fee is waived for customers who make direct deposits that total $500 a month or maintain a minimum balance of $1,500.”

Citibank: “Starting in December, Citi said it will raise the fee on its basic checking account to $10 a month, up from $8. Customers will have to maintain a balance of at least $1,500 or sign up for direct deposit and online bill pay to avoid the fee.”

Wells Fargo: “The bank also plans to test a $3 monthly debit card fee starting Oct. 14. The fee will be applied to checking accounts opened in Georgia, Nevada, New Mexico, Oregon and Washington. The fee would be in addition to the fees ranging from $5 to $30 that Wells Fargo already charges.”

It’s a real shame banks have completely lost sight of what they’re core job is: to take our money and loan it to other people with interest.  That interest is supposed to be how they make money.  They’re not supposed to charge us so they can make money off of our money.  It’s that sense of entitlement that the rich always accuse everyone else of having.  So blatantly hypocritical.

But not all banks are abusive like this.  I switched to an online bank which charges no fees period and, in fact, pays me interest. I’ve made 70¢ since I signed up in April. How much has your checking account made you?

The bank is called Ally.  They used to be GMAC but rebranded at some point.  They’ve been good to me so far.  It’s a huge pain in the ass to deposit money, though.  You have to mail a check in or do a wire transfer.  I have an account with Square and it still takes a week (or so) to see the money, though Square claims a “next-day payout” on their site.  I suppose I could transfer money from my Paypal account, but that would take 3 days still.

One of the nice things about Ally is that they refund all ATM fees.  Since they don’t have any ATMs, you’re going to get charged for using other banks’ ATMs but this bank will refund those fees at the end of the month.  So, there are alternatives to the BABs (Big Asshole Banks).

The sad thing is that I tried to go to a local bank—as in, a bank that only exists in the city I live in.  Sadly, they wouldn’t let me open an account because I didn’t have a state ID at the time.  This is a very odd requirement as Washington Mutual, a bank with ATMs all over the country, didn’t seem to mind my California ID when I opened my checking account with them back in 2008.  Of course, WaMu got swallowed whole by Chase, whom I left earlier this year because they added fees.

We’re facing a world that is less and less favorable for the individual.  But there are choices you can make that can save you money.  You just have to hunt for them.

Once again we see something else that Big Money is doing to harm little individuals.  Why do rich people think they’re entitled to every last dime they can milk out of us?  Why do we not resent them for their greed?  Why isn’t just surviving enough for these people?  For many of us, surviving is all we can do.

Posted in TheFinancialPete | Tagged , , , , | Leave a comment

StateBicycleCompany.com wants to bring bikes to market “at the lowest price possible” Sounds great? It’s not…

On their “about us” page, they say: Our goal is to bring the most attractive, high quality, and smooth riding fixed gear/single speed bicycles to the market at the lowest price possible.  Now take a look at those prices above. $400+ a POP. Now look at how ”attractive” they are. They kinda look like those bikes that were chained to a bike rack or a tree years ago but got stripped for their best parts.  AKA, these guys are full of shit.  I’d love a nice minimalistic bike, with one gear and not a lot of moving parts–but to spend four times what I’d spend for a 15-speed at Target? That makes no sense.

Posted in TheBusinessMindedPete | Tagged , , | Leave a comment

Corporations are people, my friend.

Corporations are people, my friend.

GOP presidential contender Mitt Romney, on why the U.S. shouldn’t raise taxes on corporations to shield Social Security and Medicare from cuts. “Everything corporations earn goes to people,” he told the audience.  (via officialssay)

Bahhahahahahahahahah!  I laugh to keep from crying. Right, Mitt. Right.

(via baxterp2)

#Indeed.

Now, if only corporations ACTED like people, instead of mindless greed-machines. >_<

Check out what the guy who used to play Kryten on Red Dwarf had to say about the London riots and what one feminist had to say about who is to blame for them and then be sure to read the comments.

Posted in none | Tagged , | Leave a comment

The only way out of the vicious economic cycle is for government to adopt an expansionary fiscal policy — spending more in the short term in order to make up for the shortfall in consumer demand. This would create jobs, which will put money in peoples’ pockets, which they’d then spend, thereby persuading employers to do more hiring. The consequential job growth will also help reduce the long-term ratio of debt to GDP. It’s a win-win. This is not rocket science.

The only way out of the vicious economic cycle is for government to adopt an expansionary fiscal policy — spending more in the short term in order to make up for the shortfall in consumer demand. This would create jobs, which will put money in peoples’ pockets, which they’d then spend, thereby persuading employers to do more hiring. The consequential job growth will also help reduce the long-term ratio of debt to GDP. It’s a win-win.

This is not rocket science.


Robert Reich, Vicious Cycles: Why Washington is About to Make the Jobs Crisis Worse (via underpaidgenius)

Actually, I disagree.  There’s a disconnect between what the government does and the actual job creation (notice how you almost never hear anyone talk about literally how a government encourages job creation?*).  The “job” cellphone call is dropped by corporations—the so-called “job creators.”  They seem to be in a fetal position, refusing to spend any of their profits on actually hiring people.  They’ve already got a shitload of money, so what can the government do to persuade them at this point? Nothing.

In short, we’re screwed until big business can start to understand their place in the American eco(nomic)system.

*The always interesting Planet Money podcast once talked about what governments can do to actually encourage job creation—which is not much. All they can do is “create an environment in which companies would want to invest” (I’m paraphrasing).  In other words, government has already done all it can do at this point.  It’s up to SOMEbody to make the first sacrifice and us workers have nothing left to sacrifice—big business, however…

Posted in none | Tagged , , | Leave a comment

How Ma Bell Shelved the Future for 60 Years

How Ma Bell Shelved the Future for 60 Years

Gizmodo’s Tim Wu blogs about how innovation was stopped in its tracks, effectively, due to capitalist interests.  Funny how we’re all told capitalism is great for innovation. Too bad that’s only true until innovation might damage the current business model.  Take the example of the answering machine that existed in the office of a Bell Labs engineer… in 1934.

Posted in none | Tagged , , , , , | Leave a comment

If you haven&#8217;t heard, a family&#8217;s home burned to the ground while fire fighters stood by but did nothing.It&#8217;s not like the guy wasn&#8217;t willing to pay, either.  It&#8217;s so fucked that we can&#8217;t just be nice to one another when it comes to stuff like this.  Health care, fire fighting, police services, these are all things that fall under the umbrella of &#8220;protecting citizens&#8221; and are therefore a government&#8217;s job.  Yet, for some of these categories and in some areas of the country, we have this obviously illogical view that these services should be paid for a la carte, by each person who needs them.People say America is a generous country?My ass.We&#8217;re not generous to ourselves, that&#8217;s for sure.  We&#8217;re a bunch of selfish assholes.  The rich are more selfish than most of us. Special thanks to underpaidgenius.com for posting a link to the video.  Check out his commentary.

Posted in Website666 | Tagged , , , | Leave a comment