Government taxation is as old as the first brute using force to steal from those intimated by threats. So why should it be any different for the internet? In today’s political environment of choosing winners and losers, the rush to tax online sales is gathering steam. Everyone feels the presence of the Amazon behemoth. Retail outlets like Best Buys are rethinking their business model in order to compete. States are eager to tap the flow of transactions with a sales tax that would cost consumers dearly. The issue of “so called” fairness is the argument that bureaucrats love to hang their hat on. So who makes the valid case for exemption or inclusion?
The technological miracle that transformed the 20th century into an engine of wealth creation was based upon cheap energy. The role of the electric grid cannot be understated when it comes to enhancing the quality of life for the greatest number of people. The advance of civilization often seems to go in reverse gear. However, the innovation of labor saving devices and productive machinery usually rely upon running on the stream from electric generation.
It is impossible to make up a fantasy tale that rivals the manifestations of the outlandish MF Global scandal. The evaporation of customer’s monies into an intentional off shore stash is tragic enough, but the indignity of allowing “no consequences” for a horrific crime against all investors is inexcusable. Jon S. Corzine is a fraudster that screams out for the gallows of justice. The manner of fleecing the public by Wall Street crooks has a clear distinction. Corzine walks while Madoff serves time. The original “Magical Mystery Tour” was a precursor of today’s reality TV shows. Corzine’s version is more a “House of Horrors”.
The NeoCons are delighted with their new imperialist firebrand, Mitt Romney. Just look to all the familiar faces and names that surround the presumptive GOP nominee for dictator in chief. It is impossible to support the Republican Party when their foreign policy is made in Tel Aviv and Jerusalem. If you belief this assessment is too harsh, explain away the recent pilgrimage to the Wailing Wall. The Moderate Voice makes a striking point on Romney’s recent visit to Israel, which is difficult to refute.
No doubt, the chief crook on Wall Street is virtually immune from any law that brings lesser mortals to their knees. The latest outrage summed up nicely in “Relieve Goldman Sachs of Their Legal Exposure“, passes with little notice in the establishment media.
“Goldman Sachs got a rare “reverse Wells notice” from the SEC, when they were told that a mortgage-backed securities deal which they earlier heard they would face prosecution for would not net them any civil enforcement. But that was just the beginning. Later in the day, they learned they would not face any prosecution from the Justice Department for the misdealings brought to light in a Senate Permanent Subcommittee on Investigations report a year ago.”
Chicago’s claim of infamy – their gangster culture – deeply embedded in their political style of ruthlessness is exemplified in Barack Obama. Violence, lies, sleaze, extortion and intimidation are the tools of the trade. Politics may appear to be more benign than the Valentine Massacre to the unsophisticated, but the reality is that the government arena is far more corrupt then any of the most egregious deeds of the Chicago Outfit. Brush up on your current events and Chicago history. The laundry list of crooked Ward and Aldermen fit the soldier model of the crime family. The latest Godfather, Rahm Emmanuel is the “Greasy Thumb” Guzik bagman for the Obama syndicate.
Once all the rage was arbitrage trading. High frequency trading then became the catchphrase. Now the latest scheme to insert financial nanotech – rage against the machine – practices called algorithmic trading created an automated loss of historic proportions. The Knight Capital calamity gave rise to rogue mathematics gone amuck. What a surprise! Removing buy or sell decisions from human hands is the quickest way to destroy a company that took years to build. How the euphemism “TRADING” applies to the upheaval of computerized speculation, could only make sense in the weird world of Wall Street accounting.
The Gore Vidal legacy encompasses his numerous novels, literary writings, plays and essays. Few 20th century authors can match the volume of his compositions and consistency in the quality of his thoughts. If one can ignore his anti-religious beliefs and get past his complex sexuality, one can justly focus on the significance within his political viewpoints. Not since Oscar Wilde, has there been a man of letter with comparable wit and ridicule, that capsulated the age of his lifetime. Based upon a keen command of history and a flare for original insights, Vidal was the master political polemicist.