Wednesday, July 25, 2012

Democrats Fuel Class Warfare

 Top 20% Paid 94.1% of Income Taxes in 2009

Is the Democratic Plan to increase the tax rate on the Top 20% so that instead of paying only 94% of the taxes, they can pay 100% - Leaving 80% of the people not having to pay any?

While the opening sentence above may be viewed as... it does make the point about the article below, which concerns an issue that many of us already understand and know about, and yet many Politicians, particularly Democrats and President Obama seem to continually dismiss.  They continue to produce Rhetoric in their efforts to get reelected or promote their own agenda through creating and maintaining Class Warfare – the Rich verses the Poor -  

Report after report over the years continues to show that the majority of personal income taxes (as shown below at 94%) are paid by a small percentage and minority of the population, or in this example 20% of the people – the so called Rich – and still our elected officials lie to their own constituents and the people who vote for them about this issue, and create separation of classes over a non-existent and made up issue – The truth and facts from the governments own agencies is that the rich and corporations already pay the majority of income taxes.

So why do Democrats continue to spread this made up issue? There are many answers and Politics is a main one – but don’t misunderstand, Republicans have issues too, and trying to be objective about this, the issues with Republicans do not include creating an environment of hatred towards each other and continuing to maintain a society of Classes where we not only do we look at each other as rich, poor and so on, but create policy and programs that mandate it.

There is also a link in the below article about the so called Warren Buffett Tax story, and here too is another example of out of context remarks and twisting of what people pay - for example Buffett's lower tax payment was because of income he earned from various stock type sources that he already paid taxes on, and therefore did not have to pay taxes on the income he already paid tax on in previous years - But they won't tell you that part of the story. 

Below Article posted in CAPRI DIEM

The Top 20% Paid 94.1% of Income Taxes in 2009 

The chart above is based on data in the recently-released CBO report "Distribution of Household Income and Federal Taxes, 2008 and 2009," showing the share of federal income taxes paid by income group in 2009.  In 2009, almost all (94.1%) federal income taxes collected were paid by just one-fifth of Americans (top quintile) and the top 1% paid almost 39% of all taxes collected.  In contrast, the lowest and second quintiles were net "tax collectors" because that 40% of Americans received more in refundable tax credits than they paid in income taxes.

But all we hear about is how the rich don't pay their fair share of taxes, and proposals for increasing taxes on "the rich," like the one from
Warren Buffett discussed here.  

Sunday, July 22, 2012

Man On The Moon

July 20, 1969
On July 20, 1969, American astronauts Neil Armstrong (1930-) and Edwin “Buzz” Aldrin (1930-) became the first humans to land on the moon. About six-and-a-half hours later, Armstrong became the first person to walk on the moon. As he set took his first step, Armstrong famously said, "That's one small step for man, one giant leap for mankind." The Apollo 11 mission occurred eight years after President John Kennedy (1917-63) announced a national goal of landing a man on the moon by the end of the 1960s. Apollo 17, the final manned moon mission, took place in 1972.

Apollo 11 Mission: July 16-July 24, 1969

At 9:32 a.m. EDT on July 16, with the world watching, Apollo 11 took off from Kennedy Space Center with astronauts Neil Armstrong, Buzz Aldrin and Michael Collins (1930-) aboard. Armstrong, a 38-year-old civilian research pilot, was the commander of the mission.
After traveling 240,000 miles in 76 hours, Apollo 11 entered into a lunar orbit on July 19. The next day, at 1:46 p.m., the lunar module Eagle, manned by Armstrong and Aldrin, separated from the command module, where Collins remained. Two hours later, the Eagle began its descent to the lunar surface, and at 4:17 p.m. the craft touched down on the southwestern edge of the Sea of Tranquility. Armstrong immediately radioed to Mission Control in Houston, Texas, a now-famous message: "The Eagle has landed."
At 10:39 p.m., five hours ahead of the original schedule, Armstrong opened the hatch of the lunar module. As he made his way down the module's ladder, a television camera attached to the craft recorded his progress and beamed the signal back to Earth, where hundreds of millions watched in great anticipation. At 10:56 p.m., as Armstrong stepped off the ladder and planted his foot on the moon’s powdery surface, he spoke his famous quote, which he later contended was slightly garbled by his microphone and meant to be "that's one small step for a man, one giant leap for mankind."

Aldrin joined him on the moon's surface 19 minutes later, and together they took photographs of the terrain, planted a U.S. flag, ran a few simple scientific tests and spoke with President Richard Nixon (1913-94) via Houston. By 1:11 a.m. on July 21, both astronauts were back in the lunar module and the hatch was closed. The two men slept that night on the surface of the moon, and at 1:54 p.m. the Eagle began its ascent back to the command module. Among the items left on the surface of the moon was a plaque that read: "Here men from the planet Earth first set foot on the moon--July 1969 A.D--We came in peace for all mankind."
At 5:35 p.m., Armstrong and Aldrin successfully docked and rejoined Collins, and at 12:56 a.m. on July 22 Apollo 11 began its journey home, safely splashing down in the Pacific Ocean at 12:50 p.m. on July 24.


Apollo Program: Background

The American effort to send astronauts to the moon had its origins in an appeal President John Kennedy made to a special joint session of Congress on May 25, 1961: "I believe this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the moon and returning him safely to Earth." At the time, the United States was still trailing the Soviet Union in space developments, and Cold War-era America welcomed Kennedy's bold proposal.



In 1966, after five years of work by an international team of scientists and engineers, the National Aeronautics and Space Administration (NASA) conducted the first unmanned Apollo mission, testing the structural integrity of the proposed launch vehicle and spacecraft combination. Then, on January 27, 1967, tragedy struck at Kennedy Space Center in Cape Canaveral, Florida, when a fire broke out during a manned launch-pad test of the Apollo spacecraft and Saturn rocket. Three astronauts were killed in the fire.

Despite the setback, NASA and its thousands of employees forged ahead, and in October 1968 Apollo 7, the first manned Apollo mission, orbited Earth and successfully tested many of the sophisticated systems needed to conduct a moon journey and landing. In December of the same year, Apollo 8 took three astronauts to the dark side of the moon and back, and in March 1969 Apollo 9 tested the lunar module for the first time while in Earth orbit. That May, the three astronauts of Apollo 10 took the first complete Apollo spacecraft around the moon in a dry run for the scheduled July landing mission.

Wednesday, July 18, 2012

Lessons from the U.S. Shale Revolution:

It Wasn't from Gov't Planners, but Private Entrepreneurs 

Here is an interesting article posted by Dr. Mark J. Perry on his Blog concerning how recent economic improvement was a result of Private Entrepreneurs and not Government.  
From the WSJ editorial "The Shale Gas Secret":

"One of the few bright patches in the Obama economy is the booming production of shale gas and, increasingly, oil. The U.S. ranked 159th in GDP growth last year. But in natural gas production, it's now No. 1. 
How did that happen? Partly it's the luck of geology, though plenty of other countries have abundant shale resources. Partly, too, it's American technological leadership in developing hydraulic fracturing (fracking) and horizontal drilling. But those techniques are now widely understood the world over.

What gave the U.S. its edge is that the early development risks were largely borne by small-time entrepreneurs, drilling a lot of dry holes on private land. These "wildcat" developers were gradually able to buy up oil, gas and mineral leases from private owners while gathering enough geological data to bring in commercial producers. 

Now compare this to Europe, which sits on an estimated 639 trillion cubic feet of shale gas yet remains heavily dependent on Russian imports. The governments of France and Bulgaria have banned fracking on dubious safety grounds, with nary any pushback from their publics. That might not be the case if French farmers, for example, were able to profit from the riches underneath their terroir.

Countries such as Poland and Great Britain are willing to develop their shale potential. Yet in both places the absence of private mineral rights has delayed exploration and production.

In time, perhaps even the French will recognize their lost opportunity and lift their ban on fracking.  

But the deeper lesson is that this is a revolution that came about not through government planning or foresight, but through a combination of individual risk-taking and private property. Europeans could benefit by doing more to broaden the latitude for both."

Dr. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan

Saturday, July 14, 2012

BLACK EAGLE FORCE - Another 5 Star Review

Ken Farmer and Buck Stienke continue to receive high praises and 5 Star Reviews for their Book "Black Eagle Force."  Buck and Ken will be available for book signing at the  LEXICON WRITERS CONFERENCE on July 21-22, 2012 in Denton, Texas, and will also he hosting a workshop.
July 10, 2012
5.0 out of 5 stars 
A uniquely-rich, masterpiece of storytelling
July 10, 2012 By Shaun P. Cunningham "Picto" (TX, USA)
This review is from: Black Eagle Force: Eye of the Storm
This is a novel with the power of seduction rivaled only by lust itself. Be warned that it may gently draw you in until you can't let go, whether you want to or not.

A uniquely-rich, military-action adventure novel, one of its most striking qualities is its incessant ability to deceive you into thinking you're reading some sort of factual account from the annals of American crime history.

Several underpinning stories of international conflict are told in order to provide a foundational underbelly for the existence of a US Delta Force-style of tier one, special counter-terrorist team known as the Black Eagle Force whose ultimate mission is to take down Javier Cojone, a Pablo Escobar-esque Mexican arms dealer, white slaver and drug lord. The story develops with all the requisite objectives, conflicts and antagonistic forces one would expect from a military action novel, but does so with such rich development of characters that you may ask yourself how fiction can be so convincing when it is by its very nature devoid of facts. Black Eagle Force is written with such aplomb (and never gratuitously) that you may also find yourself believing that everything written between the covers surely happened to somebody, somewhere, at sometime (or perhaps should).

"Black Eagle Force: Eye Of The Storm" is a masterpiece of storytelling and may become the surprise elite of American military novels. You don't read this book, you experience it and if you're concerned about your imaginational capacity to absorb it, don't be. Any deficit in your imagination is negated by the sheer storytelling brilliance of writers, Farmer and Stienke. Black Eagle Force is a must-read for all those who are fascinated by (or even remotely curious about) the amaranthine conflict between the international powers of good and evil within the deep, dark underworld that remains omnipresent in our every day lives.