Tag Archive: Inflation


Has it come to this?

Is it November, yet?colbertswastika

If the polls are to be believed:

The majority of Americans don’t like Hillary.

And they really detest The Donald.

Yes, it’s the worst choice in the history of the republic.

That’s a strong summation, but does anyone doubt this statement is true?

Almost DailyBrett has publicly implored for a third-choice, for a third-way.

Your author voted for John Kasich in the primary, and was thinking about writing in his name in the fall.

Now, I am not so sure.

In June, Stephen Colbert of CBS tried to be funny by drawing a swastika on a chalk board to describe Donald Trump’s political philosophy in the aftermath of terrorism against an Orlando LGBT nightclub.

And Kasich resorted to an Internet ad last November essentially making a similar comparison. How’s that for “positive” campaigning?

John, you were smart to stay away from the convention (see Ted Cruz reaction), but his ad was beneath you … way beneath you. kasichtrump

If you are going to compare America to Nazi Germany at least understand a little history first.

This Is Not a Casual Subject

Evoking memories of Hitler, the Nazis, the Gestapo, the Concentration Camps and the Holocaust for pure political purposes is the public relations equivalent of handling dynamite in a dark room.

First, this practice is insensitive to the very few remaining souls, who survived this horrific period of time (1933-1945) and their families.

Second, politics have always been as Mary Matalin described a “contact sport,” but once you bring up Hitler where do you go from there?

Third, these sorry comparisons are made without total comprehension of the eras, politics and government between the two nations.

Germany following World War I was a defeated nation under the auspices of the Versailles Treaty. The resulting Weimar Republic was weak with a myriad of political parties.

Inflation rates were out of control including a hotel room for 400,000 DM, dinner for 1.8 million DM and a half-liter of milk, 250,000 DM … and then came the Depression.

Hitler seized upon this widespread misery to gain power, never winning the majority of the popular vote. Upon becoming the leader, his party suspended (and burned) the parliamentary Reichstag and passed enabling laws making Hitler the supreme dictator of a police state on steroids. The German media was totally controlled by Joseph Goebbels’ propaganda machine. It was a well-documented nightmare from there.nazirally

In comparison, America is an exemplary nation and an enduring democracy that has stood the test of time for 240 years and counting. We won both World Wars; Germany lost two of them. We defeated Communism and helped bring down the Berlin Wall. We are the only nation to put a man on the moon.

We have a strong, if not polarized government, with two powerful political parties. We have a system of checks and balances that modulates the activities of the executive, legislative and judicial branches. We have a free, independent akin to herding cats media, representing virtually every point of view.

Inflation has not been an issue since the mid-1980s. In fact, it is running at approximately 1 percent this year potentially tipping into deflation territory. The unemployment rate stands at 4.9 percent with 287,000 jobs created in June, albeit many of these positions are part-time without benefits.

Seemingly, terrorism and police shootings du jour  give one the sense of a dark new normal. To describe Donald Trump’s acceptance speech Thursday night as dystopian is accurate. Having said that, trying to compare Trump with Der Führer strikes this humble writer as extremely careless and irresponsible.

There are oodles of reasons to oppose Trump, but the ugliest of name calling and association reduces the reputation and brand of the one making this vile comparison. Stephen Colbert doesn’t care, but John Kasich should care.

Our system of government celebrates its division, but not gridlock. MSNBC’s Chris Matthews wrote a great tome entitled “Tip and The Gipper: When Politics Worked. Ronald Reagan and the Republicans ran the executive branch. Tip O’Neill was the speaker of the house and the Democrats controlled Congress.TipGipper

Even though they saw the world very differently, these two Irish-ancestry pols respected and liked each other including frequent 6 pm adult-beverage sessions. When Reagan was shot in 1981, it was Democrat Tip O’Neill who prayed at the bedside of the Republican president.

Last week was the GOP convention in Cleveland and the rhetoric at times was white hot. This coming week is the Democrats turn in Philadelphia and the rhetorical cannons are aimed and ready to return fire.

After the last gavel comes down, one would hope we could chill for the remainder of the summer, realizing the ultimate testing ground will be the presidential debates beginning on September 26 at Hofstra University. Almost DailyBrett would gladly pay a pretty penny to sit in the first row for the ultimate political theatre: Hillary vs. The Donald.

It’s incredibly sad the world’s worst-ever human being, Hitler, is being invoked in July. One can only imagine what will follow in August … September … October … November and beyond.

Can we go any lower in terms of political invective?

It may not be Morning in America any longer, but it is not midnight either.

https://almostdailybrett.wordpress.com/2014/07/01/did-a-perfect-storm-lead-to-the-gathering-storm/

https://www.washingtonpost.com/news/post-politics/wp/2015/11/24/the-ad-in-which-john-kasichs-campaign-seems-to-compare-donald-trump-to-hitler/

http://www.cnn.com/2016/06/15/entertainment/stephen-colbert-donald-trump-swastika-nazi/

https://www.washingtonpost.com/news/the-fix/wp/2016/06/15/stephen-colberts-brutal-takedown-of-donald-trumps-orlando-response-includes-a-swastika/

http://www.usinflationcalculator.com/inflation/current-inflation-rates/

https://almostdailybrett.wordpress.com/2016/06/19/in-search-of-a-third-option/

https://almostdailybrett.wordpress.com/2015/11/10/back-to-the-1980s/

 

 

 

 

 

 

The author of Almost DailyBrett served as a chief spokesman for California Governor George Deukmejian for seven years (eight years when one counts the 1982 gubernatorial campaign).

He also cut his teeth as a reporter covering the Proposition 13 tax revolt way back in 1978.

And yet there is the realization that he may never return on a permanent basis to California.Calcoast

And likewise, there are literally hundreds of thousands who may never leave their present California residence/rental for another in the state or even across town because they simply can’t.

The problem:

Where can they move?

What will they pay?

How much is the new mortgage?

How much is the new rent?

How much are the increased property taxes?

How much are the income, sales and gas taxes?

How much are the bridge tolls?

Will it still take 45 minutes to drive five miles?

Yes, there are Golden State Handcuffs. Even though they glisten in the light, they are still handcuffs.

Stockton, Modesto, Visalia, Bakersfield

Lovely Central Valley destinations, such as Stockton, Modesto, Visalia and Bakersfield, are all doable for those who want to move to the Golden State. The Mercury rarely exceeds 115-degrees in the summer and the mind-numbing Tule fog usually lifts after about six weeks in the winter.bakersfield

The fortunate ones are those who have found their pads in livable places in the Golden State, but can they actually leave if they wanted to and go someplace else? For far too many, the answer is “no.”

One of the reasons is taxes. When it comes to levies California has every one of them: income, sales, property, gas, bridge tolls etc., etc., etc.

The top federal rate is 39.6 percent and 30 percent for capital gains, figures that need to be factored into this discussion. California’s “progressive” income tax rate tops out at 13.3 percent, the nation’s highest. Translated: high-salary earners spend more than half the year to pay both the feds and the state.

My present home in Ellensburg, Washington has nada state income tax, but we do pay an 8 percent sales tax.

My adopted state of Oregon has zero sales tax.

Folks in San Diego are paying 8 percent sales tax, Sacramento, 8.50 percent; San Francisco, 8.75 percent; Los Angeles, 9 percent. Can piercing the psychologically important double-digit rate to buy virtually anything be far behind? Don’t be surprised by a 10 percent+ sales tax coming soon in California’s blue counties.

For those living in the Bay Area, it costs $5 to drive across the Bay Bridge, ditto for the San Mateo and Dumbarton. The Golden Gate charges $6 for the privilege. Hey, weren’t the tolls for these bridges supposed to be rescinded once the bonds were paid off? Silly me.

California’s gas taxes (both federal/state combined) are 71.29 cents per gallon, leaving other high taxing states, such as New York, in the rear-view mirror.

The Proposition 13 Blessing/Curse

Looking back at the “Wonder Years” house that was my home for 15 years in suburban Pleasanton with its desultory hour-plus commute one way over the Sunol Grade, my mortgage was around $1,850 and my annual property tax was $5,225. The latter figure is high when one weighs it against my comparable size Eugene, Oregon house with a property tax levy of approximately $3,400.

Today, the very same house in Pleasanton would require a $3,400 mortgage or a $3,500 per month rent or about 2x what I shelled out in mortgage payments just four years ago. The property tax is now $8,600 or more than $700 per month. These figures come from Zillow, which is historically regarded to be low in its estimates.

An über-successful friend of mine pays an annual property tax rate of $75,000 for the privilege of living in his relatively new West Los Angeles house for just one year. He gets to repeat this pocket-digging exercise next year and presumably every year. His next neighbor pays a fraction of that amount because he has not sold his pad, thus triggering reappraisal.

The memories of the Proposition 13 property tax revolt (e.g., Jarvis-Gann) still linger. People were upset with inflation approaching 18 percent and resulting property tax bills of 30 percent higher than two years earlier. Proposition 13 simply kept many in their homes because California’s one-party Legislature failed to act.jarvisgann

And yet the sale-triggers-reappraisal-and-a-new-tax rate, coupled with the escalation of property values, has not only made California unaffordable for new home buyers (e.g., good luck Millennials), it is trapping Baby Boomers and X-Gens in their own homes, residences and in some cases apartments.

A rent controlled studio apartment in San Francisco will stay at a similar monthly stipend unless and until the renter moves. The real question: Can that renter actually afford to move? Is that renter essentially trapped in downtown San Francisco?

Granted there are worse fates in life than being “trapped” in a rent controlled studio apartment in the City by the Bay, but Golden State Handcuffs are just that, Golden State Handcuffs.

California has always enjoyed great weather, the best in the lower 48. The state never looks better than it does from the tailgate parties at Brookside Golf Course on New Year’s Day. Alas, there is a reality of skyrocketing housing and rental prices, every tax imaginable and conceivably more hikes to come, and traffic that saps your soul and Joie de Vivre.

It’s sad, but California is not the state it was when I grew up.

For some, you literally can’t go back home.

For others, you can’t leave home.

http://www.boe.ca.gov/cgi-bin/rates_2013.cgi

http://www.batolls.info/

http://taxfoundation.org/blog/top-state-income-tax-rates-2014

http://www.bankrate.com/finance/taxes/states-with-highest-gasoline-excise-taxes-2.aspx

 

 

 

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