Saturday, June 21, 2008

Anschutz Like Plato's Unjust Man

In the Republic, one of Socrates' students, Thrasymachus, argues that the "unjust" person is more successful:

"My most simple Socrates, you must see that a just man always comes off worst than an unjust. Take first, the case of commercial dealing, when a just and an unjust man are partners. At the dissolution of the partnership you will never find the just man with more than the unjust, but always less. Then in politics, where there are taxes to pay, out of equal incomes the just man pays more, the unjust less; where there is money to be got, the just man gets nothing, the unjust much. Then, again, when they are in office, the just man, apart from other losses, ruins his own business by neglect, while his justice prevents his making a profit out of the public; and in addition he incurs the dislike of his kinsfolk and acquaintances by refusing to be unjust for their advantage. With the unjust man it is the opposite in every particular."

But Socrates, like the Bible, doesn't think that acting unjustly works out in the end.

Not only does Anschutz not pay taxes, as noted previously, but he spoiled the retirement of many Qwest workers, who had spent most of their careers working for US West, by destroying the value of Qwest stock, which many of the retirees held.

Wednesday, June 18, 2008

The Rich Don't Pay Taxes

The Bush tax cuts greatly reduced the taxes that the rich have to pay, but apparently not enough. Phil Anschutz is in trouble with IRS for some tax scheme that avoids his recognizing a taxable gain (and then having to pay taxes on it) for years and years, according to a number of papers, including the Rocky Mountain News.

The rich who balk at paying taxes are mostly Republicans. Rich Democrats, like Warren Buffett, tend to say the rich should pay more taxes. Thus, it's the Republicans who object to paying for government, including things like the wars in Iraq and Afghanistan and the soldiers fighting them. No armor for troops if it means you have to share your private jet!

People will argue we have to reduce American taxes because we are competing for business headquarters with other countries, like the Cayman Islands, who have lower taxes. It's a race to the bottom. I say, let them go. If Anschutz wants to move to the Canary Islands, good riddance to him and his filthy money. He can go join (Clinton Democrat) Marc Rich in Switzerland, but don't let him come back here to stay at some luxury vacation home or spa. He's scum, a traitor. We don't need people like him. It will be a tough adjustment for America to lose wealthy freeloaders like Anschutz, but while we're having a recession, let's bite the bullet and take on a little more misery to clean up the country.

I have been down on the New York Wall Street types for living large off of America without paying their fair share, and now it turns out that one of the worst offenders is right here in Colorado.

Friday, June 13, 2008

Hooray for the Supreme Court Decision on Guantanamo

Just a note to mention how great it is that the Supreme Court recognized the Constitutional right of habeas corpus for detainees in Guantanamo. If the US is to remain a great country, it must maintain a respectable legal system. I believe that the restraints on habeas corpus and the idea of having some kind of kangaroo courts in Cuba, rather than real civil trials in the US were due to cowardice on the part of the administration. Sure, trials will test the US, perhaps slightly increase the risk of further terrorist attacks, but that's what freedom is all about. Draft-dodgers Bush and Cheney were so frightened by 9/11 that they lost all respect for law, if they had any earlier. Thank goodness for the courage of a slight majority on the Supreme Court!

Wall Street v. Europe

Interesting that with all the talk on Wall Street about the benefits of globalization (for Wall Street, not for jobs on Main Street), one of the reasons that the stock market is supposed to be up today is because Ireland rejected the new EU constitution, which will throw the EU into a stew. So, Wall Street's attitude on this seems to be, "Europe's loss is our gain." I think that is ironically a shortsighted view. Wall Street should welcome a stronger, more unified Europe, but on the other hand should be more concerned about outsourcing American jobs to overseas firms.