Showing posts with label Buffett Rule. Show all posts
Showing posts with label Buffett Rule. Show all posts

Thursday, October 17, 2013

The Solution To Congress

... aka The Buffett Rule

sent to me by my dear friend Liz Bailey -

"Salary of retired US Presidents . . . . . . . . . . . $180,000 FOR LIFE

Salary of House/Senate members . . . . . . . . $174,000 FOR LIFE

Salary of Speaker of the House . . . . . . . . . . $223,500 FOR LIFE

Salary of Majority/Minority Leaders . . . . . . . . $193,400 FOR LIFE

Average Salary of a teacher . . . . . . . . . . . . . . $40,065

Average Salary of a deployed Soldier . . . . . . . $38,000
( I think we found where the cuts should be made! ).

Warren Buffet, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling:

"I could end the deficit in 5 minutes," he told CNBC. "You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election.

[RL adds:  I heard another good quote the other day, from Nobel Prize-winning economist Joe Stiglitz: "The whole shutdown is nonsense.  Congress passes laws saying how much money should be spent; Congress 
passes laws saying how much revenue (i.e. taxes) should be raised. The difference between the two, is the deficit.
In other words, Congress made the deficit.  My solution to the deficit is simple: Tax the rich and corporations. No problem. Why would the people not vote for that in millions, if politicians had the balls to offer it to them? Remember - `From each according to his ability, to each according to his needs'.]

The 26th amendment (granting the right to vote for 18 year-olds) took only 3 months & 8 days to be ratified! Why? Simple! The people demanded it. That was in 1971 - before computers, e-mail, cell phones, etc.

Of the 27 amendments to the Constitution, seven (7) took one (1) year or less to become the law of the land - all because of public pressure.

Warren Buffet is asking each addressee to forward this email to a minimum of twenty people on their address list; in turn ask each of those to do likewise.

In three days, most people in The United States of America will have the message. This is one idea that really should be passed around.

Congressional Reform Act of 2013

1. No Tenure / No Pension.
A Congressman/woman collects a salary while in office and receives no pay when they're out of office.

2. Congress (past, present & future) participates in Social Security.

All funds in the Congressional retirement fund move to the Social Security system immediately. All future funds flow into the Social Security system, and Congress participates with the American people. It may not be used for any other purpose.

3. Congress can purchase their 
own retirement plan, just as all Americans do. 

4. Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%.

5. Congress loses their current health care system and participates in the same health care system as the American people.

6. Congress must equally abide by all laws they impose on the American people.

7. All contracts with past and present Congressmen/women are void effective 12/1/13. The American people did not make this contract with Congressmen/women. 

Congress made all these contracts for themselves. Serving in Congress is an honor, not a career. The Founding Fathers envisioned citizen legislators, so ours should serve their term(s), then go home and back to work.

If each person contacts a minimum of twenty people then it will only take three days for most people (in the U.S. ) to receive the message. Don't you think it's time?

THIS IS HOW YOU FIX CONGRESS!

If you agree, pass it on. If not, delete.

You are one of my 20+ - Please keep it going, and thanks"

Thursday, May 9, 2013

Finally, someone in Washington says "Tax The Rich!"


"Everybody knows the dice are loaded
Everybody rolls with their fingers crossed
Everybody knows the war is over
Everybody knows the good guys lost
Everybody knows the fight was fixed
The poor stay poor, the rich get rich
That's how it goes
Everybody knows...."

                                                     Leonard Cohen

The fine Senator Elizabeth Warren of Massachusetts, hated by Wall Street, is joining Sen. Sheldon Whitehouse of Rhode Island in proposing a "Job Preservation and Sequester Replacement Act" - after 4 1/2 years of the Ha-Ha Socialist's Presidency.

She says, "Washington is rigged for the big guys -- the ones who can afford to hire an army of lobbyists, lawyers, and accountants to create and find the loopholes and special breaks that let big corporations off the hook for paying taxes.
  • It's rigged for the five biggest oil companies, which made $118 billion in profits last year -- and yet still collected billions of dollars worth of government subsidies.

  • It's rigged for multinational corporations, which get tax breaks to ship U.S. jobs overseas and stash their investments abroad.

  • And it's rigged for hedge fund managers and billionaires, who pay lower tax rates than their secretaries.

The Job Preservation and Sequester Replacement Act closes corporate tax loopholes so everyone pays a fair share. And it implements the Buffett Rule so that people who make more than $1 million a year pay it forward so the next kid has a chance to make it big.
This is a sensible way to deal with our financial problems. But I need your help to build national support that puts pressure on Congress to pass the plan."

You can show your support and "Become a citizen cosponsor" here