It Seems So Simple

poorWhy do tax cuts lead, counter-intuitively, to industrial decline, stagnant wages, and finally financial collapse?

This was the question asked in a very interesting article at The Daily Kos by  David Cay Johnston titled Democrats struggle to understand how Bush Tax Cuts wiped out $6.6 trillion in personal income. Johnson wrote the book Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (and Stick You With the Bill), which sounds like pop-analysis but read the complete article and judge for yourself if his analysis is accurate.

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What’s that smell?

There was an absolutely terrible (and very funny) movie back in the ’80s called Wise Guys. It starred Joe Piscopo and Danny DeVito but I appreciated it more for the local crime boss played by Danny Hedaya and his driver played by the legendary Captain Lou Albano. The movie was filmed on the north side of Newark, New Jersey, not far from my stomping grounds when I was working for the local telephone company; this added another level of fun in identifying familiar locations around town.

The plot of Wise Guys has been used in movies since film was first developed:  the “good” guys grab the payroll from the “bad” guys and the bad guys chase after the good guys. In many movies with this plot, the good guys get whacked (or at least have their thumbs broken) and the bad guys get their money back. In others the good guys outsmart the bad guys and get away with the money. We, of course, cheer the good guys who steal money from and often kill the bad guys. I guess morality is relative.

Which brings me to Karl Rove and Sheldon Adelson.

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