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Wednesday, August 29, 2007

RipRap

Instead of writing rambling passages about single national events and news articles, occasionally I'll post rambling multiple excerpts and observations in short order under a new category called RipRap.
Crazy-ass washed-up musician with machine guns threatens black man running for president...I can say that? It’s free speech. Right?

Gonzales Resigns:
“I have lived the American dream...” – Alberto Gonzales
…….then he woke up and resigned.

Too bad. Gonzales is just another victim in a long line of the usual suspects participating in wrongdoing at the command of George W.Bush. He has chosen to serve the president instead of serving his country. Who knows? Under an honorable and noble White House, Umberto could have been somebody.
Courier Press Excerpt:
BAGHDAD — Iraq's embattled prime minister lashed out at American critics Sunday, saying Sen. Hillary Clinton and other Democrats who have called for his ouster should "come to their senses" and stop treating Iraq like "one of their villages."
The democratically-elected U.S. prop Iranian supported Shi-ite Iraqi Prime Minister Nouri al-Maliki has a problem with powerless Democratic Congressional leaders foreign policy statements? But he's perfectly okay with the Bush, Cheney and Rice plans for an American "new Middle East?"

Wal-Mart Sells For Less:
From the Leona Helmsley School Of Business comes the latest revelations that Wal-Mart has justified shifting over 17 million dollars of taxes they owe in Wisconsin over to the little people as a way to keep their prices lower than the competition.
JS Online Excerpt:
"Anything Wal-Mart can do to lawfully lower its costs allows the company to pass it along through lower prices," said company spokesman John Simley.
Now come word that the poverty rate has gone down percentage wise for the first time in seven years. The poverty rate is reported to be at 12.3% now, but 36.5 million Americans still live below poverty while 47 million have NO health insurance. I bring this up because America's largest employer, Wal-Mart, may have actually been contributing to the poverty rate by hiring people.
Wal-Mart's Real Cost:
One estimate places Wal-Mart's average wage at $8.23 per hour, yielding an annual income of $13,861 which is below the estimated poverty level of $14,630.
Doesn't it seem odd that a giant like Wal-Mart would justify cheating states like Wisconsin out of taxes supposedly to keep prices down, while they can't seem to find the revenue to lift their employees out of poverty? Man, if only they'd work this hard and dig for revenue loopholes to pay health insurance and living wages.
Then we have another Republican lawmaker involved in a sex scandal. At least this time it's not with a teenager.
Sen. Craig Denies being gay
Whether Sen. Craig is gay or not is not an issue, but reports indicated the senator didn't flush the toilet when he was done......now that - I have a problem with.rock netroots cartoonFlashback: Craig calling Clinton "a naughty boy."

2 comments:

Jimdaddy said...

Where did you get the wages for Wal-mart? Is that a starting wage? Is the final take home pay? What is the tax rate? If the person is making $8.23 an hour they probably are paying a very low rate of income tax if any.

Lou Kaye said...

The link is posted in the paragraph where I got the excerpt on wages from. They did explain that the $8.23 average wage consisted of wages, salaries and benefits that are actually paid to employees for their services.

But you bring up a good point. That not only does Wal-Mart seek out every tax loophole they can find, but because their employees are at or near the bottom rung of the income tax rate, they too pay very little.

Hey, I like low taxes too, but I'm also for rule of law. But more importantly I firmly believe that if you earn 75% of all the wealth, you must pay 75% of all the taxes required to pay the bills for rule of law.

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