We’re going to do a little thought experiment today. A concept that goes back to ancient Jewish heritage. (Aesop liked it enough to copy the concept.)
Tag Archives: poor
You light up my life
George Kelling just died. Oh, you may not know his name (he was a professor at Harvard decades ago), but you know his big theory.
Welcome. Not really.
A new book just appeared, written by Dr. Anthony A. Jack of Harvard. The title- The Privileged Poor.
A rose by any other name is still a rose
I always find it amazing to read articles from the right (center to radical) wing point of view. Where they blithely announce that the middle class is growing.
Alms for the Poor….
We all know that Congress uses our tax laws to effect policy. It’s why we can deduct our mortgage interest (up to $ 1KK in mortgage principal), because Congress believes that it’s good for America when folks own their houses. (Or, maybe Congress thinks it’s great that bankers can own our houses and make us pay at least 2X what we think we bought them to finally call that house our own.)
American Dream, Redux…
So, it’s true. Even the Republicans know it. (But, to a large degree, they wish it weren’t true… because it removes one of their political daggers.) The American economy is recovering nicely- not where we want it, but better than it’s been in nearly a decade.
The New Economy?
I admit it. I’ve never been a fan of Ponzi or pyramid schemes. And, I’m not talking about Mr. Ponzi himself- or even Bernie Madoff. No, I’m talking about Herbalife (Bill Ackman’s averral the Herbalife is a pyramid scheme, 22 July 2014) and those other ‘get rich’ schemes that make folks money by skimming the profits off other unsuspecting souls. You know, sell a product and your “upstream” team takes a portion, leaving you a smaller portion of the “profits”. The only way you make real money is to con a slew of folks to work for you- and to find others to work for them- as you skim the profits from their labors.
We ARE poor!
New headlines are screaming across our papers. More than ½ of our public school students are in low-income families. The Southern Education Foundation has published their report A New Majority Update- Low Income Students in the South and Nation with those findings.
When do we enforce the usury laws?
I can recall sending out our truck drivers routinely to make deliveries to hospitals and clinics around the US. And, because our company was growing by leaps and bounds (we averaged 220% growth from year 2 to year 12 (the first two years manifested even greater growth), we sent them out with enough cash to get to their destinations. Then, as our payments rolled in, we got them money for their return trip.
It’s time. No excuses.
Here’s a contrarian view to what so many politicians want you to believe. We must provide a social safety net for the poor. We must find a way to educate parents – and to find a means to let them have enough time- in between their two and three shifts of (part-time work)- to spend “quality time” with their kids. We must fund early childhood education.