Pick Wayne's Brain

October 17, 2015

Why We Must Raise The Debt Ceiling

Filed under: Commentary — Tags: , , , , , — Wayne A. Schneider @ 3:59 PM

In a new column posted on Alternet, former Secretary of Labor Robert Reich explains in terms even your average conservative can understand why it is important to raise the debt ceiling, end the sequester, and put more people to work by increasing rather than decreasing spending on public investments like education and infrastructure. [Not that I’m a journalist, ethically obligated to reveal such things, but in the interests of full disclosure, I am a member of MoveOn.Org, who helped produce the video below.]

Before continuing with my own less coherent babble, I want to make something very clear. It’s important (more…)

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February 15, 2014

The Myth of the One Percent

Filed under: Commentary — Tags: , , , , , , , , — Wayne A. Schneider @ 10:18 AM

If you’re like me, you probably never heard of Tom Perkins before this week. And you’re sitting at your computer naked. Tom Perkins, it turns out, who I’m sure has never heard of you or me, is what they call a “venture capitalist.” They invest in other companies, sometimes saving them and turning them into profitable companies, sometimes stripping them of their assets and taking the money for themselves, and sometimes they provide seed money for companies that eventually become hugely successful behemoths like Amazon and Google, which is what Tommy’s little venture capital firm did. And he got rich…er. We know this is true by virtue of the fact that Tommy is still, to this day, a venture capitalist. Otherwise he’d be what we call “broke.” And because he made so much money doing whatever the hell it is that he does, he thinks he’s better than you or me. So much better that he actually wrote to the Wall Street Journal to tell them that the “attacks” on the top 1%-ers were just like Kristallnacht, except for the bloodshed and the part where the top 1%-ers were gunned down in the homes into which they were forced to move. But otherwise just like that. Which is absolutely ridiculous as evidenced by the fact that he’s alive to bitch and moan about how he’s treated.

I missed it at the time (not being a consumer of the Rupert Murdoch Propaganda Dissemination Machine), but he apparently took a lot of flak for those comments. The flak must not have bothered him because in a recent interview with Fortune’s Adam Lashinsky, he told the audience that “I think the parallel holds.” (He neglected to add “minus the bloodshed and gunfire.”) This happened at a Q&A session titled “The War on the 1%.”

Asked to offer one idea that could change the world, Perkins proposed a change to Americans’ voting rights: “You don’t get to vote unless you pay $1 in taxes…If you pay $1 million in taxes, you should get a million votes. How’s that?” (In an interview after the forum, Perkins said he was simply “trying to be outrageous.”)

In all fairness when you watch him say that, he does kind of (more…)

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