No one’s perfect
This year as the election approaches, many people are extremely opinionated in which way to vote, while another set are not thrilled with anyone running for president. This year, the election will be very close and will be one year in which we can probably say our votes will truly matter.
No person will ever be perfect. The people running are just people.
Voting is a privilege many people around the world would be happy to have and many in our own country have fought for our right to do so. If you care about what happens in our country, and I believe most people do, please, take a stand. Pick the candidates who are least offensive to you on issues that are important to you and vote.
LISA AYERS
Winston-Salem
A fresh perspective
A fresh perspective
All organizations I have known reach a point where inertia takes control, and those organizations are unable to escape doing what they have done in the same old ways. The inertia is not intentional, it just happens. We have to be intentional, though, in correcting what so inevitably becomes ineffective, wasteful or even useless.
The Forsyth County commissioners need new ideas and a fresh perspective to get them out of the ruts they have created. Gail McNeill is the person to introduce practical, common sense ideas to make our county government more taxpayer-friendly. In these times, we can’t afford to continue to do things the old way.
For instance, when it’s time to gather information to create a new budget, in addition to the usual parade of program directors and CEO types, the commissioners should seek information from the people on the front line of service. Ask the teachers, public-health nurses, caseworkers, deputies and landfill employees, “What is working and what is not as you fulfill your mission as an organization accountable to taxpayers?” As Gail writes in her platform, “This process (creating a budget) should involve research and study beyond the usual formal presentations and requests.” The county employees actually doing the work — currently largely ignored — will offer points of view essential in evaluating both existing and new budget proposals.
This sensible approach to collecting information is only one of many ideas Gail McNeill has outlined in her platform at www.mcneill2012.com. Vote for Gail McNeill for Forsyth County commissioner.
MYRA GROZINGER
Winston-Salem
Romney’s taxes
Everyone seems to be hung up on the fact that Mitt Romney only paid 14.1 percent of his 2011 income in federal taxes. Generally, the media and certainly the Democratic ads say that is a much lower rate than the “middle class” pays. Not so!
The 14.1 percent is calculated by dividing the taxes he paid, $1,935,708, by his adjusted gross income of $13,696,951. It also makes sense, since almost all of his income is dividends and capital gains, both of which are currently taxed at a
maximum of 15 percent. His percentage tax actually is a little lower since he still has exemptions and deductions such as taxes paid and charitable contributions (the latter amounted to 16.4 percent of his AGI by the way).
maximum of 15 percent. His percentage tax actually is a little lower since he still has exemptions and deductions such as taxes paid and charitable contributions (the latter amounted to 16.4 percent of his AGI by the way).
If middle-class taxpayers check their own percentage rate on the same basis, I daresay they pay a much lower percentage than 14 percent. I checked mine for 2011, and it was just under 8 percent, and I consider myself middle class. The low percentage is partly explained by my exemptions and deductions offsetting a substantial amount that would otherwise be taxed. But even if I just claimed the standard deduction, my taxes would probably still be around 10 percent of AGI.
Perhaps people think, “But I’m in the 25 percent tax bracket.” That, however, doesn’t mean you pay 25 percent in taxes. Think about it and consider which is fairer, what Romney pays in taxes or the president’s ads on that subject.
PAUL McELROY
Bethania
Very fortunate
I worked with Forsyth District Court Judge Victoria Roemer from 1988 until my retirement in 2010. She has always been an outstanding individual, both personally and professionally. Forsyth County is very fortunate to have a District Court judge with the compassion and dedication she brings to the bench every day. Not only is she honest and fair, she shows the utmost respect for each and every person who appears before her.
She certainly gets my vote and I will be proud to be working for her at the polls.
SHARON S. REAVIS,
N.C. DEPARTMENT OF CORRECTIONS (RET.)
Winston Salem
No more disaster
In the Oct. 23 letter “An important election,” the writer says he will be 98 years old in November. I wish him a happy birthday, but I respectfully question some of his statements.
When President Obama took office, the United States was losing 700,000 jobs per month. In the last 30 months under Obama, 4.5 million people have gotten jobs.
Standard & Poor’s, the credit rating agency that lowered the rating of the U.S., did not blame President Obama. It blamed the politicians who refused to work together on raising the debt limit.
The letter writer blames the president for the recent riots in the Middle East. What about the Islamic terrorists and the negative film about Muhammad, “Innocence of Muslims”? It was in the news. President Obama is not responsible for everything that has gone wrong in the world since he became president.
The writer is right in saying this election will determine the kind of country we will have. With 17 of 24 of Mitt Romney’s advisers being from the George W. Bush administration, we can guess where they would lead us.
As a young man, the writer must have seen the Great Depression during the administration of Republican President Herbert Hoover. As a senior citizen, he has seen the Great Recession from the administration of Republican President George W. Bush. I hope he does not see another Republican disaster. Please vote for President Obama.
LEON M. MARTIN
Kernersville
Our Washington representative
I have had several opportunities to meet with Rep. Virginia Fox and have concluded she is a dedicated, hard-working common-sense individual with outstanding character. I certainly don’t believe Elisabeth Motsinger is qualified to replace her.
With what I have read in this paper of Elisabeth Motsinger’s background and experience, I would not trust her judgment in the political arena or anywhere else.
LUCIA WALKER
Winston-Salem
Correspondent of the Week: 545 excuses
545 excuses
One hundred senators plus 435 representatives plus nine Supreme Court justices plus one president equals the 545 plutocrats who are responsible for 100 percent of the excuses for the mess we are now enjoying. If both Democrats and Republicans are against deficits, high taxes, trade imbalance and a weak dollar, then how do we have these problems?
Here we are, a nation of some 310 million souls, and we have allowed 545 to create a mess that may take us generations to cure. Who bears more responsibility here — the 545 taking special-interest money or the nation that has utterly gone to sleep?
There is equal blame. The system is good but the representation is abysmal.
In the normal process, a president proposes a budget to Congress. Then the House and Senate are responsible for approving appropriations and levying taxes. If the House and Senate agree, they can pass a budget over the president's veto. So how is that we have not had a budget for the last four fiscal years? Absolute incompetence is the only answer.
There is no domestic problem that can be attributable outside the 545. If problems exist it is because they want them to exist. The 545 committed our armed services to war, allowed Social Security to become a Ponzi scheme, took special-interest money and if that was not enough, created their own elite retirement plan.
Do not let them hide behind political terms — vote them out.
HIL CASSELL
Lewisville
No one's perfect. Whew! A few more decreases in standards and even I might be able to run for Congress. My platform will be- don't look at the first half of my adult life...only the second half.
ReplyDeleteLook at this way. You know 'Weiner' is going to run for Congress again, so why shouldn't you? I haven't seen your weiner on the internet, yet.
DeleteIt will take a "bigger internet".
DeleteA fresh perspective. Some good observations. But if a newly elected person in any office does what the writer says, he or she is branded as a threat to all that is good and holy because she wants to "cut, destroy, kill, cripple, set back by decades"...on and on and on. If someone newly elected goes around all the entrenched interests and speaks to those on the front line then that is a threat and the public must be protected.
ReplyDeleteGo, go, go Whitewall. You're on a word watch tear.
DeleteWordly, I know. It feels good too, but decorum made me hold back some.
DeleteRomney's taxes. Easy demagogue bait that counts on people, especially young and marginally educated, not knowing the difference between the treatment of different types of earning that the tax code extends. The number attached to a rate is not the point. The point is type of activity and treatment of labor. A person that goes to a regular job every day and is paid for it is taxed on his labor-work product. This person has none of his own capital at risk in doing so. Someone like Romney, or me for that matter, does not report to a job every day. This type of work involves putting one's own capital-money- at risk in the market place in hopes of a return on investment. The tax code treats these two types of work differently and rightly so. Growth and employment come from capital put at risk. Mine and others who file as I do have their money in the economy at risk all the time. If someone is really hung up on a smaller number, then quit your regular job and gather your resources and come on over to the other side. Take the risk for the sake of the number.
ReplyDeleteYes, but the big private equity firms borrow huge sums of money for debt, not putting much or their own capital at risk. For instance: Wasserstein & Company bought the thriving mail-order fruit retailer Harry and David. The following year, Wasserstein and other investors took out more than a hundred million in dividends, paid for with borrowed money—covering their original investment plus a twenty-three per cent profit—and charged Harry and David millions in “management fees.” Last year, Harry and David defaulted on its debt and dumped its pension obligations. In other words, Wasserstein failed to improve the company’s performance, failed to meet its obligations to creditors, screwed its workers, and still made a profit. That’s not exactly how capitalism is supposed to work.
DeleteThe people who ran Harry and David into the ground have a defense: economic conditions changed in unforeseeable ways. But that’s precisely why loading firms with debt in order to reap short-term benefits is bad. It leaves companies unable to weather tough times, and allows private-equity firms to make money even if things go wrong.
As if this weren’t galling enough, taxpayers are left on the hook. Interest payments on all that debt are tax-deductible; when pensions are dumped, a federal agency called the Pension Benefit Guaranty Corporation picks up the tab; and the money that the dealmakers earn is taxed at a much lower rate than normal income would be, thanks to the so-called “carried interest” loophole. The money that Mitt Romney made when he was at Bain Capital was compensation for his (apparently excellent) work, but, instead of being taxed as income, it was taxed as a capital gain.
DeleteIf private-equity firms are as good at remaking companies as they claim, they don’t need tax loopholes to make money. If we capped the deductibility of corporate debt, and closed the carried-interest loophole, it would not prevent private-equity firms from buying companies or improving corporate performance. But it would reduce the incentives for financial gimmickry and save taxpayers billions every year. Private-equity firms are excellent at gaming the rules. Time to change them.
DeleteThat should read: buying companies "for" improving corporate performance.
DeleteAccording to Bloomberg: What’s clear from a review of the public record during his management of the private-equity firm Bain Capital from 1985 to 1999 is that Romney was fabulously successful in generating high returns for its investors. He did so, in large part, through heavy use of tax-deductible debt, usually to finance outsized dividends for the firm’s partners and investors. When some of the investments went bad, workers and creditors felt most of the pain. Romney privatized the gains and socialized the losses.
DeleteThanks to leverage, 10 of roughly 67 major deals by Bain Capital during Romney’s watch produced about 70 percent of the firm’s profits. Four of those 10 deals, as well as others, later wound up in bankruptcy.
So a 40% bankruptcy rate with the public holding the bag. As I've said before, privatize gains, socialize debt.
That's the tax code. Some ventures go well and some go bad. To start, I borrowed what I had to and was on the hook for all of it. Early on I lost money in many years but was allowed to deduct interest expense on borrowed money as well as depreciation on the asset I had leveraged. Effectively, I paid no taxes come April 15. After a while, I attracted a couple of older people who wanted to invest through me as I was known to pay my debts. They were taxed on proceeds as "unearned income".
DeleteThe world of private equity is full of intrigue and special favors but is vital to our economy. Private equity buys out auto companies, airlines, on and on. Some even own large chunks of the High Point furniture market. Accumulation of capital- some borrowed and some not- are vital, horror stories not withstanding. The tax rates are what they are for a reason.
I would trust you, WW, but there is too much about Mitt I just don't trust.
DeleteWe need Obama, and his socialist economic solutions, to step in and take total charge of private businesses, he'll get them back on the right track.
DeleteWell thanks, Phargo. Back to the above, to change those parts of the tax code would be akin to shifting a moving car from D to reverse. Too many in Congress are tied up in investments like these and will need to be replaced by a new 545 after the economy bottoms out. That will take a new breed of politician. When the investment firms have all their holdings devalued to match our greatly devalued currency, then real tax reform can take place which includes interest carry etc. To prematurely close out some aspects of the code will hurt newer investors who are small time entreprenuers and may very well touch off an S&L crisis scenario like the late 1980s. A financial collapse fills up the plate all at once.
DeleteI know I've said this before, but I want to hear it again. I think we humans have built ourselves a world to complex to manage.
DeleteNo more disaster. We live in a time of continuing disaster. Financial collapses tend to do this as every single crony scheme, ponzi plan etc is left exposed by the outgoing tide. The rating agencies- S&P, Moodys, Fitch were part of a ratings cartel that spent years blessing every real estate scheme, business merger, sovereign budget plan, on and on, that was put before them. They dared not do otherwise. We are living in a "new normal" in that instead of treading water at 100feet, we are only doing so at 75 feet with our heads just above water and no relief insight. America is weak and declining and our enemies can see this. They are now ready while we think things are just winding down. This is economic and foreign policy inertia.
ReplyDelete545 excuses. Wasn't it William F. Buckley who once said he would be just as happy being governed by the first 500 names in the Boston telephone book in place of elected Washington? Well, something like that. Our grand experiment in "self government" is unraveling. The democracy part was easy. Self government requires self control, self restraint and self respect. We the people have learned our way into the Federal treasury over the last generation. Now we have staggering debt and a fiat currency. To fix this bipartisan mess, we will first have to bottom out and let the markets and all assets revalue. Then we start rebuilding. 545 new people will have to do it--or one dictator.
ReplyDeleteProblem is, the same people that voted in the 545 excuses would be voting in the new 545 excuses. It's almost impossible to get elected these days unless one is beholding to the BIG money changers, so the choices are not always good ones.
DeleteWASHINGTON (AP) -- Racial attitudes have not improved in the four years since the United States elected its first black president, an Associated Press poll finds, as a slight majority of Americans now express prejudice toward blacks whether they recognize those feelings or not.
ReplyDelete_________
The liberal media strikes again. We all know that African Americans are some of the most racist people in America, especially based on their voting patterns for Obama, our first black president. However, the liberal media routinely gives them a pass on accountability for their actions.
It's gotten REAL old.
But not NEARLY as old as you.
DeleteBob, you've gotten real testy here lately. Maybe that move to the boondocks wasn't particularly good for your mental health?
DeleteIf Romney wins, I'll be 'busting' some 'bucks' soon myself. I plan to buy a ranch.
DeleteIf Obama wins, I'll be herding some chickens over to Cathy's place.
LOL, not the "testy" skit again. You're almost as funny as "Walter."
Deleteand not nearly as smart as Bubba J.
DeleteI'm smart enough to know what body parts should be used for what. Something that seems to have you confused.
DeleteI'm not now nor have I ever been confused. hehehe
DeleteLAZY ‘∀’ RANCH, TRAIL CREEK, IDAHO
ReplyDeleteThis little beauty is located in Twin Bridges Ranch. It is only 23 miles from Sun Valley, Idaho.
The ranch consists of 40 deeded acres and has a year around stream that flows the length of the property. Within the stream there are beaver ponds and numerous trout. From the ranch house one can get a dramatic view of the Pioneer Mountain Range.
There is a locked gate and the public has no easement. There is underground power, a well and septic system. The house has two bedrooms and a loft.
Asking $685,000.
MARK BROWN • 208 726-4005 FAX 208 726-6278 • P.O. BOX 5618, KETCHUM, ID 83440
mark@markcbrown.net
Had a chat with Mark Brown. He said that there is one provision that they are not allowed to advertise. Only members of the Idaho Mountain Boys militia may purchase the property. But joining up shouldn't be too difficult for our budding rancher. Requirements:
1. Must be a white, Anglo-Saxon, protestant male.
2. No education past 6th grade. Maximum IQ 80.
3. Must agree to hate anyone who is not a WASP males, including, but not limited to, women, blacks, Latins, Democrats, all educated people, atheists and agnostics, little yappy dogs, etc.
Must also hate all LGBTs. You may be gay yourself, but only if closeted. Of course, that would involve hating yourself, but that is a given.
4. Must agree never to leave home unarmed, unless accompanied by Mommy.
As I said, no problem.
Sorry, word watch.
....but there ARE numerous trout?
DeleteI've been to Idaho, and it's beautiful.
DeletePlus, I didn't see any 'Brokeback Cowboys' while there.
And, the public bathrooms were devoid of those little pieces of toilet paper you typically find all over their floors in gay neighborhoods.
WW, numerous trout INDEED!
DeleteI asked Mark how many numerous might be and he said that sometimes they are so numerous that they keep you awake at night with their chatter.
West End used to be pretty full of 'buckaroos', that's why the YMCA was so full of those gay guys at certain hours of the day.
DeleteNote: I had to default to 'gay guys' because of censorship concerns.
I stay out of public bathrooms in all neighborhoods. You seem to have visited quite a few. I still don't believe you were ever a member at the Y.
DeleteI don't know why these gay guys think they can have a 'rodeo' any place they want.
DeleteLike Paris Hilton said, 'they're disgusting'.
OT, oh my gosh....I have been known to fish 24 hrs straight. If the weather breaks, I hope to go trout fishing around Morehead City late this coming week. Similar trout, different locale.
DeleteYou need to go to Alaska WW. There's nothing like plucking a trout out of brown bear's mouth while fishing.
DeleteDavid Stockman, Director of the Office of Management and Budget under Ronald Reagan
ReplyDeleteTrout Fishing in North Carolina, NC Wildlife
ReplyDeleteI have a lifetime subscription.
I don't click on your stuff anymore Bob. Particularly after I clicked one time on one of your links, and it contained two gays going at it.
DeleteI think everybody should know by now, especially after that little 'Speedo' photo posting, what your agenda is all about.
liar, I've never posted a link that had anyone "going at it."
DeleteHalloween is on Wednesday, Bucky. Perhaps you should dress and act like a human being. No one would recognize you.
DeleteHa, ha, that's right on the button. (Sorry word watch)
DeleteI've been going to the same annual Hallowe'en party for nearly 30 years. You have to wear a costume, and it can't be some dumb thing like the Lone Ranger or a Disney character...you have to be something really scary, in the true spirit of Hallowe'en.
One year I went wearing an expensive three piece suit and carrying an attache case and pretended not to know anyone there. The hostess wasn't going to let me in until I whispered in her ear what I was. I won the prize for most original and scariest costume...lawyer.
Federal diversity jurisdiction...Erie Doctrine! Boo!
DeleteAs to Buckboy's comment on Phargo's links...he's sort of telling the truth, except that he accidentally hit one of his own "favorite" links, probably "bestgayporn.com". According to that website, Buckboy visits there over 30 times per day. Wow!
DeleteI'm claiming the Alligator Doctrine-even an idiot should know you might get bitten if you play with an alligator's tail.
DeleteGood PM, folks! Great exchanges by all concerned except for Bucky's SOS.
ReplyDeleteSpent several hours on my motorcycle. It was a great day to be out. And the Steelers won, too. Now, we'll see if Detroit's hitters can find their bats.
There was a mixup at the airport and the Tigers ended up with the Red Sox bats.
DeleteEverybody's posts are wonderful except for Bucky's. Imagine that?
DeleteI too have a lifetime subscription to "Wildlife in North Carolina", given to me when I was 10 years old by an uncle. It is published by the NC Wildlife Resources Commission. Most government published magazines are pretty lame.
ReplyDelete"Wildlife in North Carolina" is one of the best magazines…writing, editing and, especially, photography…published anywhere in the world.
Much of the thanks for that is attributable to the legendary Jim Dean, who edited the mag for nearly 20 years and who still contributes his monthly "Our Natural Heritage" column.
Jim, who I count as a friend, lives in Raleigh. His book Dogs That Point, Fish That Bite contains some of the best essays ever written about nature, hunting, fishing and life in general. As the UNC Press puts it:
"At first glance, hunting and fishing are the focus of most of the columns. Often, however, Dean is after bigger game. A crab that escapes the pot leads him to reflect on the capricious nature of life. The restoration of a cabin at the old family farm evokes memories of family and simpler times. And a May panfishing trip takes on the quality of ritual, performed by two old friends. The consistent theme uniting all the essays is the celebration of wild places and rural traditions that have become endangered in our modern world."
The cover photos and paintings alone justify the cost of the subscription. More than one USPS letter carrier, male and female, have remarked upon the amazing covers. And school teachers and college professors use the magazine to inspire their students in art and writing projects.
I haven't hunted or fished since I was about 12, and I have no use for "pet" dogs, but I still "go hunting" frequently with an old friend just to watch his bird dogs work. The ritual acted out between an NC born quail and a Louisiana bred setter is the stuff of life itself. If humans behaved as professionally and efficiently as those dogs, we would still be living in the Garden of Eden.
I might add that despite the 50+ year subscription, I do not have anywhere near a complete collection of "Wildlife in North Carolina".
DeleteIt is easily the most-borrowed-and-never-returned item of my lifetime. A friend once found a copy with my mailing label attached in a pension in the Czech Republic.
And if you scoured the University of Chicago campus today, you would probably find one such item in a top secret physics lab and another in a freshman dorm lounge.
My friend at the library's NC Room says that "Wildlife in North Carolina" is easily the most popular publication among their 60+ statewide magazines, and the most stolen.
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