Why living standards will go down and inequality will go up in America in the next 30 years?

Why living standards will go down and inequality will go up in America in the next 30 years?

Because the difference between the the pensions and retirement  savings that American households ages 32-64 have today and what they should have today to maintain their living standards in retirement is $6.6 trillion based on the Center for Retirement Research at Boston College

Why Charitable Giving is a tax deduction?

Why Charitable Giving is a tax deduction?

Why the complete elimination of the charitable deduction has not been achieved?

Because it is the main tax break employed by Warren Buffett and other wealthy taxpayers.

Total giving to charitable organizations and foundations was $298.42 billion in 2011 (about 2% of GDP) , 90% given by individuals (because corporations have better tax breakers).

God bless the printing money machine

God bless the printing money machine

Benefits for not working:

Food stamps:

 45.8 million people,  15% of the U.S. population
 Average food stamp benefit was $133.80 monthly per person
Total full-year cost = 73,536,480,000

Disability payments:

10.7 million people
The average  monthly benefit payment was $1,190
Total full-year cost = 152,796,000,000

Unemployment insurance:

The total number of people claiming
 benefits in all programs for the week
ending November 17 was 4,959,240
 The average weekly benefit payment was $376.  
Total full-year cost= 95,931,538,560

Benefits for not working
are increasing the incentive not to work.


Number of Social Security Beneficiaries
55,404,480

The average monthly Social Security benefit
 for a retired worker was about $1,230 at the
beginning of 2012.

Total full-year cost =817,770,124,800

How to move back 15,001 years

Environment and Energy Minister Delphine Batho wants all the lights in shop windows, offices and storefronts  across France to be turned off between 1 a.m. and 7 a.m.

Prehistoric people used  lamps to illuminate surroundings.

Hundreds of these lamps  have been found in the Lascaux caves in modern day France, dating to about 15,000 years ago.

Environment and Energy Minister Delphine Batho wants to move back 15,001 years

Average salary in Long Beach port versus average salary in China.

Average salary in Long Beach port versus average salary in China.


Clerical workers in Los Angeles, Long Beach ports make an average base salary of $87,000 a year.

When vacation, pension and other benefits are  factored in, their annual  compensation package reached $165,000 a year.

Port of Los Angeles received from China imports valued at$110,517,865,053 in 2010 (more than 50% of total imports).

Average Salary in the Manufacturing Sector in China is $ 134   monthly.

What do you need to finance the welfare state?

What do you need to finance the welfare state?

There is no way to finance the welfare state with taxes and public debt.

In order to finance the welfare state you need the printing money machine.

And the money printed for that machine must be the  reserve currency of the world.

What is the human capacity to be lazy, fat, uneducated, homeless, smoker and whatever you want to be and to pay the price for it?

 It is freedom.

Freedom is the human capacity to be lazy, fat, uneducated, homeless, smoker  and whatever you want to be and to pay the price for it.