Hey average dudes and dudettes, you’re being chewed up and spit out
daily and don’t even know it. The poor and middle-class are carrying
100% of the burden of perpetuating the status of the privileged few
squeezed into the top 1 or 2% of the U.S. population. Mr. and Mrs.
Mainstream make virtually all the financial and service sacrifices at
the altar of the political derangement that is today’s repugican cabal.
The headline examples are obvious. Huge tax breaks for the hugely
wealthy. Every multinational corporate incentive perk imaginable,
relentless repugican attempts to destroy Obamacare under the aegis of
insurance interests and pharmas, low wages getting lower for the
have-nots and the use of god, Guns and Gays (and now fairy tale
scandals) to keep red state voters in line. But there’s a lot more in
the cynical and self-serving hopper of privilege embracing the sweet
life of fancy cars, enormous homes and oceans of cash until death do ye
part.
Let’s go for a ride on the scamola train. We’ll make a few stops at
the more egregious of sneaky ways to pick your pocket without you being
aware that you’re a major contributor to a huge multinational or the
victim of unhinged politics. I recently attended an Upstate South
Carolina meeting that featured speakers from the publicly owed,
Commission of Pubic Works (CPW), a local city water and sewer system
entity that also serves the county. CPW arbitrarily decided to change
the formula for paying the city a “dividend” each year out of monies
collected for water and sewer services. That dust-up blew the cover off
of information that, while supposedly public, was sometimes hidden deep
in the small print.
CPW has raised rates for the past 5 years. Their latest proposal is a
13.9% increase for in-city residential customers or about $35 annually.
City commercial rates would be 14.7% higher and $188 per annum. For
county customers those number rise to 14.2% for residents ($61.00) and
14.9% commercial or $328. In-city industrial customers get socked for a
$64,053 increase, while the county industries, including some giant
multinationals kick in $112,029. As for the latter, ROTFLMAO!!!
I asked the speaker the obvious question. In getting the giants to
grace your small, right to work, anti-union, desperate for jobs county,
don’t you and your butt-kissing economic development partners, make
water negotiations a major part of your incentive packages? Well, ‘er,
yes, we do sometimes negotiate rates. I further asked how long some of
these contracts are? “Well, ‘er, 30 years!” So, for the highly
misleading suggestion that the multinationals are going to have their
rates raised by some loathsome percentage, file that under pure
bullshit. Their much lower rates are contracted for decades.
You, the little guy and gal, are going to pick up a substantial
portion of multinational rate slack. A percentage of your increase will
absorb the percentage that is negotiated away by the hulking behemoth of
brick and mortar, located in 50 countries, paying minimal (if any)
taxes, often getting its land for nothing and infrastructure compliments
of the city.
Something else built into your rate structure is absorbing a $500,000
health insurance increase for employees of CPW. For some, that
represents hundreds a month in premiums. This is going on in every
corner of our fine land. Before the state health exchanges bring in some
competition to the state marketplace in 2014, the major insurance
companies are slamming businesses and local governments with increases
in the 14-15% range. And the problem in many states is that as few as 1
or 2 such companies serve some states. Blue Cross and Blue Shield have
about a 50% South Carolina stake. THAT is why powerful insurance
companies have their hugely unethical and greedy (cushy lobbying jobs on
retirement?) legislators attacking Obamacare.
Another local impact, essentially a consequence of Nikki Haley’s
Social Services policies, involves a local boys home that could close by
the end of the year. Reduced reimbursement rates are partially at
fault. It’s a 42-year-old facility for boys, 8 to 18years.
Speaking of the state budget, 84% of those in the county with mental
issues cannot get help from the county mental health system, largely due
to lack of resources. A lack of state funding closed a detoxification
center that served 11,000 people in its 15-year history. Are you
satisfied Republicans? A friend of mine’s son recently died with issues
that mental health support could have addressed. Another non-profit
center providing services on a sliding pay scale locked its doors for
the same reason.
For religious repugicans, serving the mentally challenged, the sick
and poor and young boys in need, or serving giant multibillion-dollar
corporations is no contest. Go Boeing!
The sequester, was born of repugican legislative blackmail to keep
the government up and running, includes 9 years of ruinous cuts. The
Huffington Post lists a few: they included cuts in food safety,
scientific research (I can hear the goobers cheering now), cuts in HIV
tests and meds (more goober cheering), care for those with mental health
needs, cuts in head start, help for the homeless and unemployment
benefits could go down by as much as 9%. That’s how heartless repugicans are. That’s $1.2 trillion less over 9 years; $85 billion
this year.
On the hypocritical side, mandated furloughs for Air Traffic
Controllers were removed when members of Congress realized they were
impacted. Another enormously ill-conceived cut was the slashing of
emergency response funds. In light of the horrible Moore tragedy, what
an incredibly short-sighted move. My heart goes out to the families of
Moore and the surrounding area.
It’s not that there isn’t huge money out there. Risking a reprising
of the obscene and economically deadly dot-com bubble of 2000, we’re
starting to get questionable big money investments tossed around. For 3
years from 1997 to 2000, pimply-face adolescents could get their garage
Internet businesses purchased or IPO’d and invested in at ridiculous
prices while having zero revenue.
A 26-year-old recently unloaded his popular blogging forum, Tumblr,
with tens of millions of daily posters. Certainly cool and neat and the
back-story of the whiz-kid owner is cute, but worth $1.1 billion to
Yahoo? Tumblr is a great favorite of the teen to early 20s set. Is there
a more fickle demographic?
For his part, Mark Zuckerberg parted with $1 billion of Facebook’s
billions for Instagram, a popular photo-sharing mobile app with no
profits. A Forbes writer postulated that among 10 reasons Facebook
bought Instagram was “Because it Could” and Facebook is having a
“midlife crisis.” Pretty sophisticated stuff.
Both these deals might work out just fine, but remember those
reckless dot-com days where NASDAQ closed at it’s highest at $5,048.
Some 13 years later, it’s hovering around the $3,500 level. The
estimated loss to investors; $5 trillion. Thinking dot-coms are once
again easy money is a small-investor trap.
A final warning that things could get worse. Mergers and acquisitions
in the health care field. Generic drug maker Actavis, just used an
all-stock deal to put together the third largest specialty
Pharmaceutical in the country. Few companies, less competition, higher
prices.
So, while the top tier money-changers are on a financial high, the
Bush recession has cost the middle-class Gen Xers almost half of their
wealth between 2007-2010. Their current age range is 36-47.
Seems an appropriate time to vote for damn near every Democrat who runs for office.