Tag Archive: Margaret Thatcher


“Billionaires should not exist.” — Millionaire U.S. Senator Bernie Sanders (D-Vermont)

“Every billionaire is a policy failure.” — Rep. Alexandria Ocasio-Cortez (D-New York)

“Personal wealth is at best an unreliable signal of bad behavior or failing policies. Often the reverse is true.” — The Economist

Super talented and accomplished media superstar Oprah Winfrey is worth $3 billion.

Basketball Hall of Famer Michael Jordan’s net worth is $1.9 billion.

Hip-hop star/investor Jay-Z just made into the three-comma club at $1,000,000,000.

Did government fail when Oprah, Michael and Jay-Z all succeeded and thrived, each because of their hard work, fortitude, perseverance and incredible talent?

Did anyone of them trade on their … privilege?

Almost DailyBrett doesn’t remember Oprah engaging in insider-trading.

Do you, Secretary Reich?

Ditto for Michael Jordan profiting from a monopoly unless Mr. Reich is pointing to Michael’s near-monopoly of talent against the competition he faced night-after-night in the NBA?

Is Jay-Z guilty of fraud, a political payoff or did he inherit his wealth?

Wonder if any of these “basically 5 ways” to accumulate a billion dollars in America apply to Nike founder/Philanthropist Phil Knight?

Have you read “Shoe Dog,” Professor Reich? Nike almost went under about nine times.

The former Labor Secretary’s “5 ways” Twitter screed is intellectually dishonest, and remarkably easy to discredit.

Alas, it is beneath the respect normally afforded to Robert Reich. Next time go high Mr. Reich instead of racing to the bottom. Talented and hard working people can earn their wealth on their own without resorting to nefarious deeds.

From a policy standpoint, we need to ask:

Should we punish Oprah, Michael, Jay-Z, Uncle Phil and so many others who worked their tushes off to legitimately make their fortunes with a punitive Elizabeth Warren 6 percent wealth tax (up from the original 3 percent proposal), and income tax rates reaching 90 percent or beyond?

Whattyathink Senators Sanders and Warren?

Class warfare — born out of jealousy — is not new.

The effective tax rate for achievers in the United Kingdom in the 1970s once reached 98 percent. If you don’t believe Almost DailyBrett, ask The Beatles … ask The Rolling Stones, who fled to France and recorded “Exile On Main Street.”

Can a near 100 percent confiscatory tax rate, which was thankfully eliminated in the UK by former Prime Minister Margaret Thatcher, happen in the United States of America? Let’s hope not.

Celebrate Instead of Hate?

Almost DailyBrett remembers boys and girls practicing basketball, so they could be “Just Like Mike.”

Your author can imagine girls admiring and wanting to be the next Oprah.

You should check Ellen’s interview with Bill Gates. They discussed the works and deeds of the Bill and Melinda Gates Foundation, donating a cumulative $50.1 billion to fight global childhood poverty and to improve public schools in our country.

According to Forbes, Gates is worth approximately $96.5 billion — give or take a shekel or two — making him the second wealthiest homo sapien on the planet. Virtually everyone in the first world is using Microsoft’s Windows Operating System, inspired and written by Gates. And his charitable foundation has contributed more than any other non-profit ever to make our world a better place (more than most governments).

His former company Microsoft is valued at $1.14 trillion, generates $96.5 billion in annual revenues, and employs 144,000 in well paying positions with full benefits and stock options. Taken together, the performance of Microsoft as a company and the generosity of the Gates Foundation, puts Bill’s wealth into perspective.

Can we have more “policy failures” just like Bill Gates, Phil Knight, Oprah Winfrey, Michael Jordan, Jay-Z and so many more?

Instead of hating people who are wealthy, let’s celebrate and cheer for the achievers (e.g., Michael Jordan).

If we are concerned about billionaires, our policies should focus on stimulating competition (i.e., über-tough content streaming, video game, smart phone markets…), not limitless redistribution or punitive taxation.

If our political intent is to further divide, demonizing billionaires (as others have been publicly denigrated for ages) is a good way to engender one of the seven Deadly Sins: Envy.

If our goal is growth and prosperity, then let’s encourage Millennials and the generations, who will follow, to shoot for the stars. Let them become tomorrow’s Oprah, Michael, Jay-Z, Bill Gates and Uncle Phil.

And if they succeed financially, let’s celebrate them and at the same time root for competitors to keep them on their toes.

https://www.economist.com/leaders/2019/11/09/billionaires-are-only-rarely-policy-failures

https://www.economist.com/finance-and-economics/2019/11/07/have-billionaires-accumulated-their-wealth-illegitimately

https://www.gatesfoundation.org/who-we-are/general-information/foundation-factsheet

https://almostdailybrett.wordpress.com/2019/02/06/the-lonely-guy-standing-in-line-for-a-burger/

https://almostdailybrett.wordpress.com/2012/09/25/taxing-uncle-phil-to-death/

https://almostdailybrett.wordpress.com/2015/08/23/three-comma-club/

https://almostdailybrett.wordpress.com/2011/10/04/taxing-the-fab-four-exiling-the-stones/

“The problem with socialism is that you eventually run out of other people’s money.” — UK Prime Minister Margaret Thatcher (1925-2013)

If a private sector position with full benefits isn’t the greatest anti-poverty program ever devised … what on earth is?

In order to avoid saying she will raise taxes on the middle class for “Medicare For All,” Senator Elizabeth Warren (D-Massachusetts) is proposing federal confiscation of all pretax employer paid Medicare health care benefits for literally millions of working achievers.

Her plan will eliminate private health insurance for 150 million Americans or more, and nationalize the $530 billion private health insurance industry.

Isn’t the termination of $8.8 trillion in cherished pretax employer-paid health care benefits for millions of employees, the equivalent of a middle class tax increase on steroids? Keep in mind, the annual federal budget is only … $4.45 trillion.

Instead of Starbucks paying $20,000 for this benefit to each of its 291,000 employees for private insurance (e.g., Blue Cross, Kaiser …), the legendary coffee roaster would be compelled to turn-over a similar amount to the federal government. In turn, these employees would lose their Starbucks offered pretax Medicare benefits and choice of private health insurer, only to forced into government paid … and only government paid … DMV-style insurance.

The Bernie Sanders “Medicare for All” bill (which Warren supports) calls for a 4 percent federal income tax increase for middle class workers. In order to avoid saying she is raising middle class taxes, Warren proposes instead federal confiscation of pretax employer paid health care benefits.

“In practice this (redirection of employer-paid health benefits to the government) would be a tax on employment, which seems likely to hurt middle-class Americans.” — The Economist, November 9, 2019

Deciding which plan (Sanders or Warren) is worse is just as difficult as deducing which is better.

How about keeping and retaining private health insurance, and our ability to choose our own doctors, dentists and optometrists?

Almost DailyBrett has always exhibited a libertarian streak. If we empower our $4 trillion behemoth federal government to confiscate pretax employer-paid health insurance, and eliminate private health insurance for 150-million-plus souls, the obvious question is:

What’s next?

Tax On Billionaires

” … if she gets elected president, then I would bet that we will have a legal challenge, and I would bet that we will win the legal challenge. And does that still suck for us?” — Facebook founder Mark Zuckerberg commenting on the spectre of a Warren presidency to the company’s 35,000 employees.

The public relations spin by Bernie and Elizabeth has focused squarely on the likes of Zuckerberg, Bill Gates, Jamie Dimon and Leon Cooperman, including Warren mocking the latter for his tearful concern about the future of our country.

Consider the Bill and Melinda Gates Foundation has given $36 billion to fight third-world poverty. Does no good deed go unpunished?

The centerpiece of the billionaire vilification campaign is a 2 percent wealth tax on those with assets exceeding $50 million (how many folks in blue states California, New York, Connecticut, Massachusetts … are included in this tax?), and 6 percent for those with $1 billion or more. We are not just talking about giving “two cents” (on each dollar) more.

How would the federal government determine the amount of wealth to be taxed and confiscated? When would it be paid? How much stock will needed (needlessly?) be sold (maybe even at loss) and how much will be immediately bought back? What’s the algorithmic multi-billion dollar impact on the 52 percent of the country investing in stocks and stock-based mutual funds for their retirement or children’s education?

Is this tax, constitutional? Are we talking about double taxation? More to the point, do we want as a nation to empower … there’s that verb again … our massive government to punitively confiscate wealth and with it, achievement? How about a tax on lower upper class wealth? Ditto for a levy on upper middle class wealth? And how about … ? The possibilities are limitless.

Three European nations still impose wealth taxes: Norway, Spain and Switzerland. How’s Spain doing?

Eleven European nations have rescinded their wealth taxes: Austria, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, Luxembourg, Netherlands and Sweden.

That’s right, wealth taxes didn’t work in Denmark and Sweden, why should it fly in Iowa, Michigan, Ohio, Pennsylvania and Wisconsin?

According to the stately The Economist, Warren’s all-government all-the-time programs include requiring Amazon, Facebook and Google to be regulated as platform utilities (before or after their breakups?), 40 percent of all board seats held by “public reps” (read, unions), bans on nuclear power and fracking, 75 percent lobbying taxes, 37 percent taxes on capital gains, and the imposition of taxes on unsold stocks (employing Enron-style mark-to-market accounting or MTM) … and the list goes on and on and on.

Warren supporters caution America’s Investor Class (52 percent of the entire nation) not to worry; her plan will eventually be watered down or not approved. If so … what’s the point?

Are Warrenites and Sandernistas supporting Republican control of at least one house to serve as a check and a balance to radicalism? Didn’t think so.

Some see Warren as a Socialist champion against Capitalism or buy low sell high.

Instead, Almost DailyBrett sees Bernie and Elizabeth as two peas in the same pod.

They are threatening our economic freedom. They will dip into our wallets, and deny us benefits and physician choices we already enjoy. The only winner? Big government.

Instead of wisely controlling the size and scope of government, some will be cool with a greatly empowered … there’s that verb again … carnivorous federal bureaucracy with even more power over our individual abilities to chart our own financial futures.

Be afraid … be very, very afraid.

https://www.nationalreview.com/2019/03/elizabeth-warren-wealth-tax-european-nations/

https://slate.com/business/2019/11/elizabeth-warrens-health-care-medicare-for-all-single-payer-unfair.html

https://www.economist.com/briefing/2019/10/24/elizabeth-warrens-many-plans-would-reshape-american-capitalism

https://www.economist.com/united-states/2019/11/07/how-would-elizabeth-warren-pay-for-her-health-policy

https://slate.com/technology/2019/10/mark-zuckerberg-said-elizabeth-warrens-presidency-would-suck-for-us.html

https://almostdailybrett.wordpress.com/2019/09/15/how-blue-cross-saved-my-bacon/

Has the global image of Germany changed for the better?

Is the Feminization of the Fatherland, complete?

Has the nation’s brand been revitalized through softening?

And is Germany’s image stronger as a result?

Consider the remarkable optics of new Defense Minister Annegret Kramp-Karrenbauer sitting with incoming European Union President Ursula von der Leyen and Kanzlerin Angela Merkel. The modern image of Deutschland above may indeed constitute the pinnacle of Germany’s 1945-2019 Public Relations Miracle (Öffentlichkeitsarbeirtswunder). 

These three Frauen hail from Germany’s moderate-conservative Christian Democratic Union (CDU) with its strong emphasis on free market capitalism and memberships in the European Union (EU) and NATO.

Compare the perception of these women, leading today’s Germany with three muscular populists in America, Britain and Russia with Messrs. Boris, Donald and Vladimir.

Which image inspires stability, confidence and security and which precipitates concern and worry?

Is Almost DailyBrett openly suggesting that a nation’s brand is benefited by simply putting women in charge?

Your author mentioned on more than one occasion that he is proud that his lifelong voting record is and will always be Clinton-free, both Bill and Hillary.

America’s Mother in Law Hillary will never be favorably compared with Germany’s “Mutti” (Angela Merkel).

Britain’s “Iron Lady” Margaret Thatcher certainly did not soften the U.K.’s brand in the 1970s/1980s, but she was the right woman at the right time.

Thatcher was not warm and fuzzy, and certainly recorded low scores on the “likeable” scale. The “likeable” question was posed with Hillary candidacies, and now with Elizabeth Warren. Drinking a beer on a poorly shot video probably will not solve this issue.

In contrast Angela Merkel in her portrayal as a solid reassuring leader, ran a re-election campaign based upon the concept of Germany safely in “Mutti’s” hands.

Does Image Softening Lead To Brand Weakening?

Some may be tempted to equate feminization and softening with brand weakness. Almost DailyBrett couldn’t disagree more.

Angela Merkel has learned and demonstrated her ability to parry the rhetorical thrusts of über competitive males, particularly Vladimir Putin, Donald Trump and soon Brexiteer Boris Johnson. Far friendlier are her relations with France’s ambitious Emmanuel Macron, who is attempting to pull France even with Germany when it comes to the European Union’s governing duopoly.

Is there a nation on this planet that has placed its national defense of not just one talented woman, but two? Before leaving for her new post as president of the European Union, Ursula von der Leyen served as Germany’s Verteidigungsministerin (defense minister). Her successor? The aforementioned CDU party leader and heir-apparent to Angela Merkel as Chancellor, Annegret Karrenbauer-Kramp.

The images of these two women reviewing a military honor guard are striking, coupled with the knowledge that Germany’s Sicherheit is as certain as ever.

As discussed by Almost DailyBrett, a nation can demonstrate “hard power” by the traditional means of its economy and military. Germany’s 4th largest GDP of $4.14 trillion and its greatly reduced military for obvious reasons, still matter.

Germany’s “soft power” represents the projection of a country’s culture, language and elements in demand by all countries (e.g., image, success, brand names). For Germany, these elements include its engineering prowess, four World Cup wins in Fussball, and legendary names such as Daimler Benz, BMW, Siemens and Bayer.

Can the Feminization of the Fatherland also be included in the elements of Germany’s soft power? There is zero doubt the presence of confident, measured, competent and talented women at the helm of its leadership represents a new way to approach the German brand and image.

What can other nations learn from Germany’s softening and strengthened global brand?

https://almostdailybrett.wordpress.com/2011/06/24/feminizing-the-fatherland/

https://almostdailybrett.wordpress.com/2017/08/22/morning-in-germany/

https://countryeconomy.com/gdp/germany

https://almostdailybrett.wordpress.com/2017/04/02/does-the-usa-need-its-own-soft-power-goethe-institut/

 

 

 

“A hippie is someone who looks like Tarzan, walks like Jane and smells like Cheetah.” – Ronald Reagan

There are no trigger warnings at the front door.

Arguably there are more aging hippies per square inch in Eugene, Oregon than any other town in America. Berkeley may have a free-range beef against this claim. So be it.

And yet, there is a framed “Reagan Country” 1980 campaign poster in the living room of Almost DailyBrett’s Eugene residence.

Sometimes an aging hippie or wanna-be hippie will be enjoying one of Oregon’s craft beers or a glass of one of the Willamette Valley’s now legendary – and expensive – Pinot Noirs right under the smiling portrait of The Gipper.

Maybe out of politeness, guests neither mention the image of America’s 40th president nor ask to be moved to another venue in the house. Are they just being polite or have they somehow, someway reached the acceptance stage of Reagan’s legacy?

Either stance is just fine with your author.

As Nancy once said about her husband: “Ronnie appealed to your best hopes, not your worst fears.”

Making no aspersions either for or against the present leader of the free world, Almost DailyBrett would bring back Ronnie from the grave in a nanosecond. Alas, only one reportedly has risen from the dead.

“The man who beat communism”

Some historical revisionists have debated with your author about the roles that Harry Truman, Mikhail Gorbachev, Pope John Paul II and maybe others played in ushering in the downfall of the Soviet Union and the end of Communism.

Indeed, they all contributed and deserve their respective shares of the credit.

The Reagan deniers are entitled to their opinions, but deep down we all know the truth: Reagan played the pivotal and primary role in ending the Communist menace and bringing down the ghastly Berlin Wall … therefore Reagan hangs proudly on your author’s living room wall.

“By defeating communism, Ronald Reagan ended one of history’s most violent centuries and opened the door … (that) democracy might become available to more of the people who wanted it.” – The Economist, June 12, 2004

“Others hoped, at best, for an uneasy cohabitation with the Soviet Union; he won the Cold War – not only without firing a shot, but also by inviting enemies out of their fortress and turning them into friends.” – Prime Minister Margaret Thatcher’s eulogy for Ronald Reagan, June 11, 2004

An entire wing of the Checkpoint Charlie Museum on the Friedrichstrasse in Berlin is dedicated to Ronald Reagan with his infamous, “Mr. Gorbachev tear down this wall” speech on continuous loop. The ich bin ein Berliners know the truth.

Walking freely and without fear underneath the Brandenburg Gate, your author appreciates the impact of these monumental words delivered a few feet away when the gate was closed, seemingly forever by the so-called Deutsche Demokratische Republik (DDR).

The Tax Cuts Worked

“There were two great triumphs, two things that I’m proudest of. One is the economic recovery, in which the people of America created – and filled – 19 million new jobs. The other is the recovery of our morale: America is respected again in the world, and looked to for leadership.” – Ronald Reagan, Farewell Address, Jan. 12, 1989

Some have tried to convince Almost DailyBrett that tax cuts and tax reform (Reagan did both) simply did not, will not, and never will work. Sorry but your author must respectfully disagree.

The 19 million new jobs created  during Reagan’s presidency is a peacetime record in the history of the United States. Inflation plunged from 13.5 percent in 1980 to 5.1 percent two years later. Interest rates dropped from 21.5 percent in 1980 to 10 percent five years later.

As a campaign press director/gubernatorial press secretary for then-California Attorney General/later Governor George Deukmejian, we prevailed in the closest gubernatorial election in the history of the Golden State during a deep recession in 1982. Four years later during the Reagan economic boom, we won by the largest landslide in California’s history.

Yes, Governor George Deukmejian did a great job as the Golden State’s chief executive. We were also helped immensely by the success of Ronald Reagan’s economic policies.

Reagan was not perfect; perfection as always is in short supply.

The Gipper summed up best in his farewell address to the nation:

“All in all, not bad. Not bad at all.”

Not bad, not bad at all, Mr. Poster Man on the living room wall.

http://www.historyplace.com/speeches/reagan-tear-down.htm

https://www.reaganfoundation.org/ronald-reagan/reagan-quotes-speeches/farewell-address-to-the-nation-2/

https://www.nytimes.com/1989/01/12/news/transcript-of-reagan-s-farewell-address-to-american-people.html

https://almostdailybrett.wordpress.com/2018/06/27/when-reagan-walked-into-the-room/

“This is the greatest generation any society has ever produced.” – Tom Brokaw

“To whom much is given, from him (or her) much is expected.” – Luke 12:48

Every day is a gift.

For my mother Marjorie, April 4, 2019 is day #36,500 … to be exact.

Please feel free to double-check the math: 365 days x 100 years = 36,500.

Even though a critical mass of our extended family celebrated her birthday during spring break (March 23), today marks 100 years since my mom came into the world.

For Almost DailyBrett it’s extremely difficult – if not impossible – to make a third-person singular assessment of the woman who provided the ultimate first-person singular experience: My own birth.

Therefore your author has to acknowledge right here and now: The following epistle is woefully biased, and there is no remedy in sight.

Let’s get to the point: Marjorie M. Brett is without doubt, a superb representative of the “Greatest Generation.”

Her father, Randolph Myers, lived to his 100th birthday and beyond. He was as sharp as a tack at the community celebration of his century birthday in 1989. Ditto for Mumsy. Longevity runs on the Myers side of the family … and follicly challenged dudes too.

She may have slowed a tad here and there, but that didn’t stop California DMV from renewing her driver’s license for another five years.

And what a century it has been. We are now blessed to join her as she embarks on her second 100 years.

An Amazing Century For The Ultimate Go-Getter

Que será, será; Whatever will be, will be; The future’s not ours to see; Que será, será; What will be, will be.”

Sorry Doris Day: Que será, será is NOT my mother’s motto … not even close.

Similar to her father, Marjorie Myers Brett, is a supreme doer and an impressive achiever.

As Prime Minister Margaret Thatcher reportedly said: “Life must have purpose.” My mother’s life has purpose in spades.

It’s simply amazing to ponder what she witnessed, endured and celebrated during her incredible tenure on the earth from 1919 to 2019 … and counting.

Growing up as the daughter of a Western Pennsylvania lawyer, my mother witnessed the Great Depression, World War II, gave birth and raised three Baby Boomers; marveled as man walked on the moon, and now watches her AI vacuum cleaner “Rob” beautify her floors with more technology horsepower than NASA possessed when Neil Armstrong descended to the lunar landscape.

Without doubt, she did not approve of everything that transpired during the past century … she cared too much. Her laser-like focus does not permit nuances. She assesses white from black, good from bad, useful from irrelevant. She calls ’em as she sees ’em. She leaves diplomacy to others.

Her over-achieving worldly father did not have patience for those who wasted time. There was no teenage wasteland with “Pappy.”

The same is true with mother, one of the few liberated women of her time who earned a college degree, who taught classical piano to musicians, and who spoke confident French in the cafes on the Île Saint-Louis. There is no reverse gear with my mom’s transmission, let alone neutral. It’s petal to the metal, all the way.

One can argue that much was given to my mother, but at the same time much more was expected. She responded with an overachieving life, confronting and surmounting every challenge thrown her way to our fast-changing increasingly complex digital world.

Today’s widespread male parasite plague of doing nada, exhibiting zero pride and leaving it to women to take care of them, was not even remotely fathomable for any son of Marjorie M. Brett.

Even though the punitive word “privilege” raises the blood-pressure of your author, my mother provided me with winning biological lottery advantages (much is given), but she also was strict, demanding … yet understanding (much is expected).

It was sink or swim.

Your author would not be the person he is today without the caring, guidance, encouragement and love provided by my mother.

Mumsy will never admit to this statement, but it’s nonetheless true: The world is a better place because of the century-long contributions … both large and small … of one Marjorie M. Brett.

I am not worthy, but eternally thankful.

Love you, mom. Always have. Always will.

 

 

 

 

“I can understand wanting to have millions of dollars, there’s a certain freedom, meaningful freedom that comes with that. But once you get much beyond that, I have to tell you, it’s the same hamburger.” – Bill Gates speaking to university students

There are 25.7 million Google results of an image of a middle-aged dude standing all alone with his hands in his pockets.

He is patiently waiting in line for his cheeseburger, fries and a coke.

The maroon pullover guy is patronizing the original Dick’s (1954), which unofficially serves as a gateway to the upper class Wallingford neighborhood in Seattle.

Is the pale dude (gasp) … privileged?

What gave him the right to buy a “Deluxe,” fries and a coke in Wallingford?

Did his parents dote on him? Where did he go to school? Where did he go to college?

Did he ever invent anything of value to society? Did ever provide a living to people?

Did he ever give back to make our world a better place?

And if the answers to these questions do not meet communal approval – Privilege? Family? College? Inventions? Philanthropy? – should we as a collective society even the score in the name of social justice?

It may seem silly to some to have this public good discussion, and yet 25.7 million Google results are triggered in 0.28 of one second, when one inquires about the guy in the sweater standing all alone in line at Dick’s.

Our Obsession With Wealth?

How many billionaires — members of the three comma club — would stand-in line all alone for a burger and fries?

And yet there was Microsoft founder Bill Gates, 63, waiting in line at Dick’s on Sunday evening, January 13.

In our always-on digital imaging world, it did not take long for the celebrity dude doing normal things to go viral, generating stories and impressions about Gates and his love of hamburgers.

The latest estimates place his net worth at $96.5 billion. Couldn’t Gates simply buy Dick’s as opposed to standing in line for a burger? Where was his entourage? Couldn’t he feed the homeless with Dick’s burgers?

And how did he make that money? Did he take full advantage of his privilege? Did he inherit the money?

As many Almost DailyBrett readers know, Gates and the recently departed Paul Allen founded Microsoft in 1975. Their entrepreneurial spirit and those that followed (i.e., Steve Ballmer and Satya Nadella)  resulted in the ubiquitous Windows operating system, X-Box gaming console, Microsoft Surface PC, Microsoft Cloud and so much more.

Microsoft is one of the three largest competing companies in market capitalization (share price x number of shares) at $814.5 billion, generating $96.5 billion in total revenues and employing 134,944 around the world.

After departing the daily operations of Microsoft, the guy in the maroon sweater with his spouse established The Bill and Melinda Gates Foundation. The charitable organization bearing their names has given a reported $36 billion to date to alleviate third world poverty and suffering. They are without any doubt the most generous philanthropists in America.

And yet …

No Good Deed Goes Unpunished

“The problem with socialism is that you eventually run out of other people’s money.” – Former UK Prime Minister Margaret Thatcher

In her quest to become the 46th President of the United States, Massachusetts Senator Elizabeth Warren has proposed a 2 percent surcharge on net assets – not annual income – exceeding $50 million, and another 1 percent on billionaires.  Is Warren’s  “wealth tax” really confiscation in disguise?

There are questions about whether a confiscatory surcharge of assets – not an income tax – is permissible under the U.S. Constitution. This legal question is above the pay grade of Almost DailyBrett.

Having said that, your author must ask: Why do so many Washington elites want to punish achievement, service and philanthropy?

Some rationalize this obsession with wealth as a quest to reach some far-reaching social justice nirvana when the solution is the same-old tired remedy: wealth redistribution targeting those who provide great products, create jobs and give back to the less fortunate.

The answer always comes down to new and more burdensome taxes, but in Senator Warren’s case she calls for outright confiscation of assets. One thing is certain is the redistribution does not stop there. There will also be increases in tax rates, most of all the top rate from 39.6 percent, hiking it to 70 percent, 80 percent, 90 percent or beyond.

Once you have raised taxes and confiscated assets is that the end … or worse … is that just the beginning?

What’s next? Fees on stock and mutual fund transactions? Surcharges on bank accounts? Is the sky the limit?

How about a wealth tax/surcharge on Bill Gates’ hamburger?

https://www.geekwire.com/2019/billions-served-bill-gates-photographed-standing-line-burger-dicks-drive-seattle/

https://www.ddir.com/

https://www.seattlepi.com/seattlenews/article/Billions-served-Bill-Gates-photographed-standing-13539669.php

https://www.washingtonpost.com/outlook/2019/01/24/senator-warrens-plan-tax-ultrawealthy-is-smart-idea-whose-time-has-come/?utm_term=.251e17e49629

https://www.microsoft.com/en-us/Investor/earnings/FY-2018-Q4/press-release-webcast

https://almostdailybrett.wordpress.com/2015/08/23/three-comma-club/

https://almostdailybrett.wordpress.com/2012/09/25/taxing-uncle-phil-to-death/

https://www.businessinsider.com/biggest-projects-of-generous-philanthropists-bill-and-melinda-gates-2018-8

https://www.goodreads.com/quotes/138248-the-problem-with-socialism-is-that-you-eventually-run-out

 

A simple little phrase is ultimately bringing down one of the longest standing and most influential global leaders in the first two decades of the 21st Century.

The final demise of German Chancellor Angela Merkel after 13 years in office, most likely next year, comes three years after she grabbed and clutched the new highest voltage Third Rail of Politics: Asylum Immigration.

In 2015, Merkel unilaterally decided to allow approximately 1.2 million asylum seekers (about the size of metropolitan Portland, Oregon) from the Middle East into a country of 82 million.

From a public relations standpoint, there was very little explanation and preparation by Merkel and her government to garner public support for such a drastic upsurge of immigrants into the 4th largest economy in the world.

„Wir schaffen das,” proclaimed Angela Merkel. Simply translated: “We can do it.”

Die Kanzerlin, who is affectionately known as “Mutti’ or Mother, was widely seen for so many years as being a steady source of deliberate and reasoned decisions. Merkel deserves praise for her vital role in the completion of Germany’s public relations miracle (Öffentlichkeitsarbeitswunder), rising from the globe’s #1 pariah at Zero Hour 1945 to the most admired country in the world.

She has been acknowledged as the most powerful woman on earth, and yet the Ph.D in quantum chemistry was a steady hand for Germany’s now enduring and successful democracy.

At one time, Merkel was universally viewed as one of modern Germany’s greatest chancellors, comparable to her Christian Democratic Union (CDU) predecessors Konrad Adenauer and Helmut Kohl.

Is the bloom off the rose?

Almost DailyBrett acknowledges that once she makes a major decision that Merkel is an influential leader.

When the ground shook Japan’s (e.g., 8.9 earthquake) Fukushima nuclear reactor in 2011, Merkel immediately announced that Germany would prudently exit nuclear power by 2022.

When the southern nations of the European Union were attempting to break the 2 percent budget deficit limitation rule (e.g., particularly Greece), Merkel imposed fiscal austerity, and by extension Germany’s will.

When a particular bully arrived on the scene and tried to push her around and intimidate with a large canine (e.g., Russia’s Vladimir Putin), she demonstrated her resolve.

No leader in the European leader has done more to get into the face of the former KGB chief, and yet her leadership always represented Germany as a reluctant hegemon.

Most of all because of Germany’s solid incorporation into the European Union and the passage of time, Germans now joyously wave their flag and are proud of their normal nation.

“Half-Dead Wreck”?

“I don’t want to be a half-dead wreck when I leave politics.” – Angela Merkel

In nations without term limits (e.g., Germany), leaders can overstay their welcome. More than a few in history failed to recognize the flashing lights about when it’s time to step down … usually at the 12-year-mark … from the bully pulpit (i.e., FDR, Margaret Thatcher, Helmut Kohl).

After inviting 1.2 million asylum seekers into Germany without any preamble, and worse women celebrating New Year’s Eve in Cologne being sexually assaulted and raped by asylum seekers, the tide was turning against Angela Merkel.

The optics — worse yet the reality — of the New Year’s Eve attacks became a metaphor for a decision that was too much, too fast with little societal preparation. Merkel’s chancellorship was coming to an end.

Even though her party was returned to power in 2017, the Christian Democrats (CDU) and her coalition partner, Social Democrats (SPD), repeatedly lost strength to the Greens on the left and the anti-immigrant/anti-EU Alternative for Germany on the right. This electoral trend intensified with breathtaking losses (i.e., Bavaria and Hesse) for the CDU and SPD during the course of this year.

Almost DailyBrett knows her legacy is somewhat tarnished. The question remains: Will history be good to her?

The Caravan Is Coming

Even though comparisons between two nations with two distinct cultures, located nine time zones apart, are difficult at best … one contentious issue ties both of them together: immigration.

In both countries, there are those who espouse completely open borders … come one, come all.

These souls advocate for the right of non-citizens to hold driver’s licenses, serve on public boards and commissions … and even vote.

Wasn’t the privilege of voting reserved for actual citizens?

And just as asylum seekers from Syria and other bad places became the catalyst for the political downfall of Angela Merkel, could an approaching caravan(s) of asylum seekers from Central America become the source of political peril here in America?

Before one touches the new third rail of politics … political asylum … America’s political class would be well advised to weigh what happened to Angela Merkel’s tenure as Germany’s chancellor, and most likely her legacy as well.

https://www.nytimes.com/2018/10/29/opinion/in-merkel-europe-loses-a-leader.html

https://www.nytimes.com/2018/10/29/world/europe/angela-merkel-germany.html

https://www.bbc.com/news/world-europe-46020745

https://www.politico.eu/article/angela-merkel-drops-the-we-can-do-it-slogan-catchphrase-migration-refugees/

https://almostdailybrett.wordpress.com/2017/02/20/putins-pooch-und-merkels-dog-o-phobia/

https://almostdailybrett.wordpress.com/2017/09/24/the-right-leader-for-the-fatherlandeurope-just-happens-to-be-a-woman/

https://almostdailybrett.wordpress.com/2017/08/22/morning-in-germany/

 

Can Amazon’s HQ2 become … HQ1?

Did the Seattle Politburo go too far?

Talk about biting the hand that feeds you … Do they really want to Bern down Seattle’s competitive advantage?

Amazon employs 40,000 in Seattle (headquarters, roasteries and stores).

Let’s see an ANNUAL $275 Seattle employee head tax x 40,000 local workers = $11 million per year … just from Amazonites. Add in Starbucks, Nordstrom, Vulcan etc. and the per-employee tax reaches $48 million

The money  joins the $68 million already ostensibly allocated to fight intractable homelessness in Seattle.

But what inevitably happens when that amount of money is not enough?

As Mrs. Thatcher said: “The Trouble with Socialism is Sooner or Later You Run Out of Other People’s Money.”

Amazon already announced a short list of 19 American cities and one Canadian venue for its planned $5 billion, 50,000 new-employee HQ2 or Headquarters 2.

Are any of these venues threatening to impose a punitive tax on Amazon, just for the privilege of maintaining and hiring the best and the brightest?

What is the incentive to invest in Seattle, if entrepreneurial spirit driving, product producing, employee hiring multi-national, publicly traded companies are hit by its home town city council with the collective backs of their hands?

Let’s see, the State of Washington has no income tax. Seattle has a well-trained workforce.

The Great State of Texas has no income tax. The capital city of Texas has a well-trained workforce too. Austin is also the home of Whole Foods. Jeff Bezos and Amazon bought Austin-based Whole Foods for $13.4 billion last year.

Austin, Texas is on the short-list for Amazon HQ2.

Why can’t Amazon put Seattle in its rear-view mirror? The number one digital retailer/cloud evangelist could simply announce HQ2 (e.g., Austin) and the relocation of HQ1 (Seattle) in the same news release.

As mumsy always said: “If you are in a bad situation, get out of it.”

98 Percent Effective Tax Rate

Seven years ago, Almost DailyBrett wrote about how the UK was Taxing the Fab Four/Exiling the Stones.

Approximately 750,000 Brits qualified for an effective tax rate of 98 percent (no typo) including four from Liverpool and five more from London.

The Beatles responded by writing Tax Man as the first cut, first side of Revolver. The Stones left the UK for the South of France, and produced Exile on Main Street.

At a 98 percent effective tax rate, when does taxation stop and confiscation begin?

Surely, the Stones will never be mistaken for anti-tax warriors. Nonetheless, they demonstrated circa 1971/1972 that achievers can and will move in the face of excessive, unreasonable taxation.

Repealing The Tax … For Now

In the face of a potential referendum, which had already gathered 45,000 signatures, the Seattle City Council reversed course this week, repealing the punitive employee head tax on a 7-2 vote.

How often are tax increases, even so-called “temporary” taxes, rescinded?

The tolls for the Bay Area bridges were originally ticketed to be repealed once the construction bonds were retired. Try driving toward San Francisco on any bridge without first paying $5 or more?

Regardless of the employee head tax repeal, what message has the Seattle City Council sent to the entrepreneurial dreamers, innovators, and job producers who are located (or plan to locate) within the boundaries of the city?

The mere fact that the city council was willing and able to impose an annualized employee head tax $275 on each-and every corporate hire speaks volumes about how publicly traded corporations are viewed by Seattle local government.

Instead of welcoming and embracing entrepreneurs, they are essentially driving them away, their employees and their tax dollars.

Maybe Amazon will take a hint and announce the $5 billion, 50,000 new job HQ2 venue as not only the winning city, but also the new HQ1.

Will the last Amazon employee leaving Seattle, please turn out the lights.

http://komonews.com/news/local/seattle-council-repeals-homeless-head-tax-on-big-businesses

https://almostdailybrett.wordpress.com/2011/10/04/taxing-the-fab-four-exiling-the-stones/

https://www.seattletimes.com/seattle-news/seattle-city-council-to-vote-at-noon-on-repeal-of-big-business-head-tax/

https://www.cbsnews.com/news/seattle-head-tax-amazon-starbucks-repeal-today-2018-06-12/

https://www.king5.com/video/news/local/councilmember-talks-on-repealing-seattles-head-tax/281-8158550

https://www.nytimes.com/2018/06/12/technology/seattle-tax-amazon.html

https://www.nytimes.com/2017/06/16/business/dealbook/amazon-whole-foods.html

https://www.batolls.info/

http://komonews.com/news/local/amazon-starbucks-pledge-money-to-repeal-seattle-head-tax

 

 

 

 

Where I think we’ve got a little sideways as a culture is that people take it personally, if you have a different perspective, a different point of view. I would say, we just need to lighten up.” – Portland Mayor Ken Wheeler on “60 Minutes.”

Can we all learn to eventually let go? Yes, let it go.

And what about the “lighten up” suggestion made by Portland Mayor Ken Wheeler?

In this tumultuous Age of Trump, have we crossed the threshold that anyone who does not agree with our pre-ordained philosophy and Weltanschauung is our mortal enemy, never to emerge from the Pit of Misery?

As the author of Almost DailyBrett prepares to exit the professional world stage in four blessed months, one reflects back to the battles of life, and asks:

How many of these conflicts were truly worth fighting? Were their Pyrrhic victories in which battles were won, and wars were lost? If so, what was the point?

More to today’s discussion: How many issues in life are really worth going to the mat?

Very few in reality, when you for example look back over the course of a four-decade career.

Allegedly Margaret Thatcher as played by Meryl Streep in “The Iron Lady” upon receiving a marriage proposal from Denis, romantically replied that “Life must have purpose.”

Agreed. That does not mean that each-and-every topic of life must have purpose. Reading Howard Kurtz’ Media Madness, Donald Trump , The Press And The War Over The Truth leaves the reader absolutely exhausted after only 200 pages.

Is there a remote control for life? Can we change the channel (bad metaphor, the networks are part of the problem)? Can we simply turn down the sound, if not mute the noise?

Now before you insinuate that Almost DailyBrett is changing the tune about being up to date on what is happening in the world, please understand that the Polish proverb, Not My Circus, Not My Monkeys, simply applies to the notion of carefully picking our battles.

Going To The Mat

Gary Oldman playing the role of Winston Churchill in Darkest Hour spars valiantly against those in England’s War Cabinet, who advocate negotiating mit dem Führer upon the Fall of France and the Low Countries in 1940. He resists the pressure, goes to the mat, fights and wins the battle of his life.

On the worst modern era day of our lives – September 11 – my company was contemplating proceeding with the layoff of 600 workers, shuttering two factories, about 8 percent of our total workforce … the following day.

Yours truly was shocked that a serious discussion to proceed was occurring in the board room as the smoke was rising from the World Trade Center and the Pentagon. There is no way that Almost DailyBrett wanted to be associated with this exercise.

Even though my salary (not including benefits, options and the Employee Stock Purchase Program – ESPP) reached northward toward $200,000 per annum, there was no question about severing and refusing to allow my personal brand and reputation to be tied to this wrong action.

The Nürnberg defense about “just following orders,” did not and would not apply.

Fortunately even though the rocket scientists in HR were upset for weeks, we collectively made the decision to postpone the restructuring until America returned to some semblance of normalcy: The planes were flying, the markets were open, the ball games were being played.

Yes, this postponement was a cause worth fighting and winning.

The Rear View Mirror

“The reason that university politics is so vicious is because stakes are so small” – Former Harvard Professor Henry Kissinger

The graying temples and follicly challenged appearance may be signals about growing wisdom, if not moving toward the sunset of one’s life.

Looking around, one can see battles to fight and dragons to slay. Maybe someone else can engage in these wars and get en fuego with fiery reptiles?

When one contemplates Kissinger’s quote one sees the linkage between the words, “vicious” and “small.”  If one concludes a matter is small and does even come close to warranting going to the mat, then why risk rising one’s blood pressure if only viciousness is the result?

There is a sense of liberation that comes from letting go and lightening up. One can assert that the need to NOT be so “tightly wound,” is a legitimate criticism.

Being Type A has resulted in many victories and achievements, but at what price in terms of health and happiness?

Sometimes we need to learn to allow others to have the “opportunity” to pay the price.

Let the latest fight/cause be their circus and their monkeys.

https://www.huffingtonpost.com/karen-ann-kennedy/not-my-circus-not-my-monk_b_5390455.html

https://www.psychologytoday.com/blog/depression-management-techniques/201412/not-my-circus-not-my-monkeys

https://www.cbsnews.com/video/portland/

https://almostdailybrett.wordpress.com/2011/02/16/going-to-the-mat/

https://almostdailybrett.wordpress.com/2010/09/01/your-company-and-religious-intolerance/

https://www.goodreads.com/quotes/609695-the-reason-that-university-politics-is-so-vicious-is-because

 

 

 

 

“You read Playboy for the articles, right?

“No, I look at the pictures too … ”

He was repeatedly labeled then-and-now as a “sexist pig.”

He was seen as a dangerous cultural rebel.

He was an illusionist. He pedaled fantasies at a desultory time.

He advocated an exciting, edgy new lifestyle for men.

He was regarded by some as a new-age-for-males philosopher.

Hugh Hefner was an editor and publisher, who will go down in the history books.

Some will miss him, many will not … regardless he made a difference.

“Shaken, Not Stirred”

Author Ian Fleming passed away far too early at 56-years young in 1964.

The accounts of his fictional hero James Bond found favor with dashing debonair U.S. President John F. Kennedy, a priceless endorsement for any novelist.

Fleming’s writing/personal interview also found its way onto the pages of Hefner’s Playboy, “Entertainment for Men.”

In reality, Fleming’s secret agent with a license to kill, James Bond (played superbly by Sean Connery) was everything the America male was not, entering the 1960s. Alas, Fleming lived only long enough to see his prose transformed into two movies, Dr. No and From Russia With Love. The first raised many eyebrows with Connery as Bond teamed with bikini clad Ursula Andress, playing Honey Rider.

Honey Rider swam nude in Fleming’s novel, but not for the 1962 movie adaptation.

Seventeen years earlier, Life Magazine captured the iconic Rockwellesque image of the American sailor passionately kissing a nurse in Times Square on VJ Day characterizing the advent of the Baby Boom (1946-1964).

And with the babies came piss, poop, vomit, crying, wailing and screaming. The preoccupation during years of rationing and the G.I Bill was raising children in suburban communities. We liked Ike, but life other than the Korean War/McCarthy-era Red Scare was more than a tad boring with cookie-cutter cars, crew cuts, skinny ties and white shirts.

Enter Hugh Hefner in 1953 with his scandalous Playboy with a scantily clad Marilyn Monroe on the cover. On the inside was a totally unattired horizontally posed Mizz Monroe on red velvet. Asked what was on during her famous pose, Monroe reportedly replied, “the radio.” The collector’s item inaugural issue of Playboy was an immediate sell out.

There was far more than the girl next door in subsequent issues. There were fast cars, exotic global destinations, tasty liquors, perfect suits, gambling, executive jets and a walk on the wild side. Men were shown how their lives could be, and how to rebel against mediocrity instead of merely running out the clock on their boring/mostly forgettable miserable lives.

Ian Fleming’s M16 James Bond epitomized the Playboy lifestyle with his ejector seat equipped Aston Martin, his vodka martinis, sun glasses at the windswept beach, goggles at the Alpine ski resorts, how he defeated the bad dudes and won over the Bond girl.

Sure beats working all day at the office orfactory and returning to the burbs for meat loaf.

“Life Must Have Purpose”

Meryl Streep playing the role of Mrs. Thatcher, and replied to Dennis’ marriage proposal stating that her life must be more than simply raising children. In reality, Margaret Thatcher was more than the first woman PM of the United Kingdom; she made a difference.

Life indeed had a noble purpose for the Iron Lady.

Almost DailyBrett subscribed to both National Geographic and Playboy during the years as they both took you to places you will most likely never visit in your lifetime.

Your author rejects sedentary lifestyles (no binge watching) that emphasize doing and achieving. Hugh Hefner and Ian Fleming through their editing and writing respectively changed the world. Their lives had purpose then and now.

Hefner and to less extent, Fleming, were both accurately accused as being sexists who objectified the fairer gender. Both are guilty as charged.

The real question in the eyes of the author of Almost DailyBrett is whether we are better as a society in that  men were encouraged to do more in their lives than go to work, raise children and watch television at night.

There is a big exciting world out there and we are fortunate to be here for a relatively short period of time. This proposition applies to both genders. Life does not need to be restricted and boring. It can be upwards to the right, and not just on Wall Street.

There needs to be respect and understanding, but that does not mean we can’t go out and have our vodka martini in an exciting foreign locale… shaken of course, but not stirred.

https://www.economist.com/news/obituary/21729969-founder-playboy-empire-was-91-hugh-hefner-died-september-27th

http://www.ianfleming.com/

https://almostdailybrett.wordpress.com/2012/01/10/the-decision-to-pose-for-playboy/

https://almostdailybrett.wordpress.com/2015/10/19/farewell-to-the-girl-next-door/

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