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Saturday, December 8, 2018

Here's the short reason why trickle down economics just doesn't work... not ever.

Economic growth is based on demand for products and services. When you take money from the poor and middle class to feed the rich you give them less ability to buy what the rich are selling. In the long run, trickle-down economics is bad for everyone, even the rich.

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Give a man who has everything $100 what does he do with it? He already has everything (stagnation). Give that $100 to a man who is poor and he has no choice but to reinvest (growth created by demand). Take away all his money and he has no choice but to try and take it back (crime).

In the long run it the tax breaks to the rich stop mattering. If we can't buy their products the money eventually dries up. A tax break without the revenue to back it up does no good. If they actually did use it to create jobs that would be one thing, but they don't, or at least they don't create them here. They don't feed the economy, they hoard it.

In fact, time and time again they somehow convince half of America the poor are the problem.

But for the rich it works for a while... even though time after time it has been proven to be unsustainable in the long run. And the politicians they own will help them make you believe it works because from the rich man's hand to the politician's pocket is the only time it does.

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Tuesday, December 4, 2018

People have no right to fire protection - Let's bring back Fire Gangs

A conservative friend just told me that in order to get better healthcare we have to be willing to give up something. We have to cut money from other so called "entitlements" to pay for it. It's a tired argument really. In long run access to healthcare benefits everyone. Healthy workers save money and even if that was the only benefit it would be enough.

But, I really don't get the point here.... it's 2 Trillion LESS over 10 years then what we paid as a country in 2016. By the Conservative estimate.... by the 2.8 trillion Liberal estimate it saves even more, and the reality is probably somewhere in between the two. 

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So why would we give anything up for something that already costs less?

Do you know most fast food and restaurant workers in this country go to work sick? When I was a pizza delivery guy I worked sick all the time. Think that was a great idea? Had no choice. Had no money for Doctors and couldn't afford to stay home. Turned around and made other people sick. 



This was right after the oil field lay offs in 2010 with a pregnant wife at home. So I'm not talking as a young guy, or ancient history. This was to make ends meet quite recently. 

The temp employees here at my current job have the same issue. They can't afford a doctor, they work sick. That spreads sickness. That decreases efficiency at work. Healthcare doesn't just help the sick person, it makes society function better, much like police and fire departments.



In fact, that's what I'll give up. Fire Departments. Lets go back to the early 1600s or so when Fire Departments were all volunteer and expected payment to put out Fires. When roving fire gangs actually set as many fires as they put out. We can modernize this idea! They can roll up, check your fire insurance and if your covered only then will they put out the fire (just like health insurance). When it spreads to other buildings? Same thing, show you are insured or pull out the check book. Otherwise they will roast marshmallows on what used to be your home.

~After all - No one has a right to Fire Protection, that's an entitlement!~ 

Monday, December 3, 2018

By virtue of simple dumb luck I'm not getting screwed while others are.

I really don't know if this belongs in my blog.

It's the first personal real world situation I've blogged about and it is something that just feels seriously wrong, but I can't do anything about it. I can't even blame a political party, excepting the fact that Republican's have made it impossible to collective bargain in Texas.

The company I work for just got sold. 

My old employer covered my entire family on their medical insurance free of charge.
My new employer only covers the employee adding the family is over $800 a month.

My old employer provided an absolutely free medical clinic.
My new employer does not.

Here is the deal, by a stroke of luck... a simple twist of fate... my family will be okay.

~A lucky roll of the dice~

I started as an hourly field hand.
About six months ago I became a salaried employee.
Yes, salaried employees still have to pay. I'm lucky, but not that lucky.

However the people purchasing us made a deal. If we stay four months and let them know a month in advance that we are leaving. We get to take our full severance. If we stay we get a big bonus worth about twice that. That is pretty generous. I'm not going to lie, and I'm not accusing those buying us of being a bad company but....

It's based on 40 hours a week for hourly employees. We work in the oil field. These guys put in about 96 hours a week on a 14 day on 7 day off schedule. This is backbreaking work that many of them (myself included until recently) have been doing for many years. Mine is based on my salary (I put in 84 hours a week on the same schedule.

Anyway the severance for these guys is going to come out to a few months pay. It's not going to go very far. If they stay and have a family they will suddenly be paying $800 a month unless they find something cheaper on their own. That's a sudden, unexpected $800 a month bill. The bonuses these guys get won't even cover it. That is a direct hit of $11,900 a year to guys who will work the same long hours and do the same hard jobs. Could you absorb that?

Big side note: In almost any other industrial country the amount they pay would not depend on the the whims of the employer. 

Because of my dumb luck and becoming salaried at the right time my new bonus will cover the insurance and leave me $30k richer a year.

Of course, Texas is a "so called" right to work state. We have no power to bargain. These guys have no ability to fight for a better deal.

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It will be the first year of my life I don't have to struggle to make ends meet. I feel very lucky. Last year this would have ruined me. My medical bills were enough that I met my family deductible several months ago. Right now, I'm paying for nothing. No Co-Pays, no prescriptions, nada.

But I can't help thinking about these guys and that someone should realize overtime wages (which make up more then 50% of their pay) are wages. They have to pay on every dime at tax time but don't get recognition otherwise. Most people end up with a set of bills in life that is representative of what they make (not the best word usage, but I hope you understand what I'm saying). These are real people and families that in many cases already have medical issues. They can't afford to lose insurance and now will have to struggle to keep it. They will be doing the same work for what amounts to less money, does that seem right?


I also can't help thinking that in almost any other industrialized country they would have universal healthcare that would cost them the same no matter where they worked. None of them asked for this but they will all be paying for it.