MONEY: Don’t think your employer pays anything; you do!

Friday, September 14, 2012

Ignore taxes and benefits and anything other than the value equation.

Assume for a minute that an employee generate $100 of value for an employer.

And, that is the basis of the deal they strike.

Let’s say the employer is generous and give the employee ½ and keeps the other ½.

Employee winds up with $50.

Now lets factor in ONLY social security tax. (12.4% “split” 50/50)

Same value equation.

The $50 “earned” by the employee.

$6.20 split 50/50? 3.60 each.

So the employee gets $46.40, the Gooferment gets $6.20, and the employer retains a value of $46.40.

If to do the deal the employee has to give the employer $50 of value, then the employee has to be willing to take less.

So the employee has to be willing to take $43.80 so that the employer gets $50.

Cut through the illusion that the employer “pays half”!

The employee’s value equation is reduced by the tax that the employer pays.

Each deduction from your pay obviously you pay. But, every dollar your employer puts out on your behalf, ALSO, comes out of YOUR pocket.

Benefits are a bigger scam.

Remember that EVERYTHING comes out of your (the employee’s side of the value equation).

So any benefit that the employer “gives” you, you’re paying for.

And, for example, in the case of health benefits, the employer gets a tax deduction.

But, if you buy them, you don’t. (Yeah schedule A maybe after the % take back.)

How about life insurance? Same thing! They get a tax deduction on your money. And, that’s not deductible to you ever.

Argh!

It’s a rigged game and employees think the employer is being “magnanimous”.

Every item is like that: pension, 401k contribution, … everything has an angle that favors the employer.

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LIBERTY: I OWN my own body!

Thursday, September 13, 2012

http://ncc-1776.org/tle2012/tle686-20120902-05.html

Self-Ownership
by Cassandra C. Grissom and Sean N. Gruber
Attribute to L. Neil Smith’s The Libertarian Enterprise

*** begin quote ***

America has become a statist, freedom-hating, catch-phrase espousing, ignorant, and nightmarish shadow of its own, once great, (though still flawed) self. And the easiest way that we can think to prove this claim, follows:

I OWN my own body! Ownership means; dominion! I control or don’t, I choose or don’t, I determine or don’t, every single facet of my controllable conscious existence. I’m limited by nothing but reality and the respect of others same right to the lack of said limitations.

*** and ***

The “government” claims dominion over you every time it demands an ID from you to buy alcohol! It claims dominion over you every time it demands a card from your doctor to buy marijuana or to get a permit to carry a gun! It claims dominion every time is assumes it has a rightful place in your medical business! It claims dominion every time is supposes it knows how to better prepare you for your retirement. It claims dominion every time it suggests or demands of you whom to kill or whom to die for. And it insults all of us to a point of intolerable degradation when it locks up people who video record its agents (the cop’s) violating the few limitations it still purports to impose upon itself!

The state is controlling your body and what you can and cannot do with it. They have already invoked a weird version of right-wing state socialism, and a total left-wing Nazi police state is quick on its heels. The powers that be are laughing because most Americans haven’t the faintest idea what is actually going on. They seem to know something is wrong, but being philosophically crippled as they are (thanks to the public school system) they haven’t the faintest idea how to determine the cause. In public school you are taught that the “government” is your friend, you are taught that “rights come from “government” that it’s okay to skip the two when you count to ten during the Bill of Rights. You are taught to bow down and lick the hand that “teaches” you, or else detention and a call to your parents will ensue. And if your parents take your side, then they are in trouble! You’re taught that if it wasn’t for “government”, the big-bad-business man will come in and take over everything and children will work for two cents an hour in sweat shops. Or that “terrorists” (ever notice the smallest army is always called a “terrorist?”) will be on every plane and every street corner.

*** end quote ***

The essence of liberty is what you can do to yourself.

The Gooferment is the new plantation owner!

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INTERESTING:Gooferment Social Welfare

Wednesday, September 12, 2012

http://www.lewrockwell.com/blog/lewrw/archives/119929.html

September 2, 2012
Penn Jillette on Government Social Welfare
Posted by David Kramer on September 2, 2012 09:18 PM

Libertarian Penn Jillette (Penn and Teller) expresses his contempt for government social welfare in this very clear and concise statement:

*** begin quote ***

“It’s amazing to me how many people think that voting to have the government give poor people money is compassion. Helping poor and suffering people is compassion. Voting for our government to use guns to give money to help poor and suffering people is immoral self-righteous bullying laziness.”

*** end quote ***

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I love when someone NAILS it. 

Argh!

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POLITICAL: How to get rid of politicians and bureaucrats?

Tuesday, September 11, 2012

FROM LUDDITE’S WIFE:

Medicare Part X
“NEW SENIOR PROGRAM….
New Medicare Program

You’re a sick senior citizen and the government says there is no nursing home available for you. So what do you do?

Our plan gives anyone 65 years or older a gun and 4 bullets. You are allowed to shoot four Politicians.

Of course, this means you will be sent to prison where you will get three meals a day, a roof over your head, central heating, air conditioning and all the health care you need!

Need new teeth? No problem. Need glasses? That’s great. Need a new hip, knees, kidney, lungs or heart? They’re all covered.

As an added bonus, your kids can come and visit you as often as they do now.

And who will be paying for all of this? It’s the same government that just told you that you they cannot afford for you to go into a home.

And you can get rid of 4 useless politicians while you are at it.

Plus, and because you are a prisoner, you don’t have to pay any income taxes anymore.

Is this a great country or what? “

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LOL!

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POLITICAL: Just not asking the correct questions?

Monday, September 10, 2012

FROM LUDDITE’S WIFE:

NewImage

SIMPLY AMAZING WHEN YOU THINK ABOUT IT

Isn’t it amazing that, within only one week of Tiger Woods crashing his Escalade,
the press found every woman with whom Tiger has had an affair during the last few years?

And, they even uncovered photos, text messages, recorded phone calls, etc.!

Furthermore, they not only know the cause of the family fight, but they even know it was a
9 iron from his golf bag that his wife used to break out the windows in the Escalade.
Not only that, they know which wedge!

And, each & every day, they were able to continue to provide America with updates
on Tiger’s sex rehab stay, his wife’s divorce settlement figures, as well as the dates & tournaments in which he was to play.

Now, Barack Hussein Obama has been in office for over three years, yet this very same press:

· Cannot find any of his childhood friends or neighbors;

· Or find any of Obama’s high school or college classmates;

· Or locate any of his college papers or grades;

· Or determine how he paid for both a Columbia & a Harvard education;

· Or discover which country issued his visa to travel to Pakistan in the 1980’s;

· Or even find Michelle Obama’s Princeton thesis on racism.

They just can’t seem to uncover any of this.

Yet, the public still trusts that same press to give them the whole truth!

Don’t you find that totally amazing ?

NOW TELL ME THERE IS NO CORRUPTION IN THE AMERICAN PRESS..

You can not get the water to clear up until you get the pigs out of the creek.

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I think she is ABSOLUTELY on to something!

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TINFOILHAT: Why WAS “OBL” killed?

Sunday, September 9, 2012

http://www.lewrockwell.com/blog/lewrw/archives/120295.html

September 7, 2012
For the Sheeple Who Still Believe That Obama Killed bin Laden
Posted by David Kramer on September 7, 2012 06:13 AM

In this interview with our current Murderer-in-Chief, he discusses the procedures that are followed before ordering drone bombings on suspected “terrorists” (which always seem to include innocent civilians). At 1: 35 in the segment, O-bomb-a states:

“Our preference is always to capture if we can, because we can gather intelligence.”

But when the U.S. military had allegedly captured the NUMBER ONE terrorist in the world (at least in the U.S. government’s eyes), Osama bin Laden (who was UNARMED and NOT RESISTING), they shot him in cold blood??? Do you think that perhaps the NUMBER ONE terrorist in the world might have had a WEE BIT of intelligence that would have been useful to the United States government??? Hmmm???

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Yeah, I know they killed someone.

Why kill?

Why all the secrecy?

Why even admit that you have the guy?

Why, why why … 

Unless it wasn’t OBL, who was rumored to have died a while ago.

Unless … it really makes NO sense at all.

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INTERESTING: A gang with an institutional structure

Sunday, September 9, 2012

http://dailyreckoning.com/fifty-shades-of-government

Fifty Shades of Government
By Jeffrey Tucker

*** begin quote ***

This is the great tragedy of living under leviathan. People have different ideas about how it ought to conduct its affairs. Who should be rewarded? Who should be punished? Who gets the privileges? Who must bear the cost? It becomes a war of pressure groups, everyone seeking to live at the expense of everyone else.

What is this thing we call government? It consists of the gang with an institutional structure that makes the rules, enforces the rules, and lives by rules that are different from those it imposes on the rest of the population. We can’t steal, but government can. We can’t kill, but government can. We can’t counterfeit, kidnap, and engage in fraud, but government can. This thing called government, obviously, has a strong interest in maintaining its power, prestige, and funding.

This is true no matter what the structure of the government happens to be. Oligarchy, absolute monarchy, constitutional monarchy, presidential republic, parliamentary republic, democracy — all of them have one thing in common: They create a special caste of citizens that live at the expense of everyone else.

*** end quote ***

The essence of Libertarianism is that we need no such class. 

Each man, and woman, of course, is their own sovereign.

Responsible to keep their word and a free to bind themselves in any way they see fit.

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POLITICAL: Not Voting

Saturday, September 8, 2012

http://www.lewrockwell.com/blog/lewrw/archives/119858.html

September 2, 2012
George Carlin on Not Voting
Posted by Lew Rockwell on September 2, 2012 11:37 AM

*** begin quote ***

“I have solved this political dilemma in a very direct way: I don’t vote. On Election Day, I stay home. I firmly believe that if you vote, you have no right to complain. Now, some people like to twist that around. They say, ‘If you don’t vote, you have no right to complain,’ but where’s the logic in that? If you vote, and you elect dishonest, incompetent politicians, and they get into office and screw everything up, you are responsible for what they have done. You voted them in. You caused the problem. You have no right to complain. I, on the other hand, who did not vote — who did not even leave the house on Election Day — am in no way responsible for what these politicians have done and have every right to complain about the mess that you created.” — George Carlin

(Thanks to Eli Cryderman)

*** end quote ***

Maybe George is right?

Just ignore them and they will go away?

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FUN: “Entropy, Decay, and Death” LOL!

Saturday, September 8, 2012

The Zazzy Substitution

Penny: I got that. What I was going for was, you know, how is your life?
Amy Farrah Fowler: Just like everyone else’s. Subject to entropy, decay, and eventual death. Thank you for asking.

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POLITICAL: California may cap future retirement checks

Friday, September 7, 2012

http://www.bloomberg.com/news/2012-08-28/california-lawmakers-set-vote-to-limit-retiree-pensions.html

California Lawmakers Set Vote to Limit Retiree Pensions
By Michael B. Marois – Aug 28, 2012 2:32 PM ET

*** begin quote ***

New state employees in California would face a cap on the size of their retirement checks, Senate President Pro Tem Darrell Steinberg said yesterday. They would also have to put in more time on the job than current workers before they collect, he said.

Brown, 74, wants to cut pension benefits and curb abuses before he asks voters in November to raise income and sales taxes. A weak recovery from the longest recession since the 1930s, reducing job prospects and retirement benefits for most nongovernment workers, has churned up a backlash against the pay and benefits of public employees nationwide.

“If voters think that legislators have made a serious policy change, then the chances for the tax increase improve,” said Jack Pitney, who teaches politics at Claremont McKenna College in Claremont, California. “But if they think it is nothing but window dressing, then chances get a lot worse.”

*** and ***

He also wanted to raise the retirement age to 67 from 55 for most new state employees.

Rising retiree obligations are straining the budgets of states such as California and cities across the U.S. still grappling with income- and sales-tax revenue slammed by the recession.

California’s state pensions in 2010 had about 81 percent of what they needed to cover the benefits they promised, down from 87 percent in the preceding year, according to an annual study by Bloomberg Rankings. The median for all states was 75 percent, the data show.

Steinberg said the pension changes would save the state “tens of billions of dollars” over the next 20 to 30 years, though he later added that an analysis of the cost savings had yet to be done.

*** end quote ***

Sorry, but Gooferment pensions are a vestige of “golden watch” thinking.

No pensions for ordinary people; why should the political class get them.

It a terrible abuse of the taxpayer.

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