Tag Archive: Privilege


“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/

“If there is anyone out there who still doubts that America is a place where all things are possible, who still wonders if the dream of our founders is alive in our time, who still questions the power of our democracy, tonight is your answer.” – President-elect Barack Obama

America did it.

Ten years ago — the anniversary is a week from tomorrow, Sunday, November 4 — Americans performed the once unthinkable political/societal miracle: They overwhelmingly elected an African-American as the 44th President of the United States, Barack Obama.

Americans were once again globally seen as an exceptional and extraordinary country. We seemingly put aside our deep-seeded divisions to elect a visionary with a unifying message of hope and change.

Sorry for those who refer to America as “This Nation:” — your favorites, Denmark, Norway and Sweden — all monarchies — are not exceptional nations and never will be. Once again the USA proved to the world it’s the Land of Opportunity, and yes an extraordinary country.

Two months later, a record crowd turned up in Washington D.C. to watch Obama put his hand on the Bible. Sorry Donald, the size of your inaugural crowd was not even close.

Looking back one decade later, Almost DailyBrett must rhetorically ask:

What happened to the Hope? What happened to the Change? What happened …?

To many it seems that racism and hatred has steadily increased and mutated since 2008, when 69.4 million Americans cast their votes for Barack Obama (e.g., 365 electoral votes).

Ditto four years later, when 65.9 million Americans re-elected Obama (e.g., 332 electoral votes) to the White House.

Maybe Obama’s comfortable election/re-election against War Hero U.S. Senator John McCain and successful former Massachusetts Governor Mitt Romney respectively were not championed in all quarters … some on the right … some on the left.

Those with ongoing political agendas, based upon leveling charges of racism to intimidate dissent, were seemingly perplexed when an African American was elected to the highest office of the land.

Were the North vs. South battles over, and the war… won?

Some may have rhetorically asked: “How can we continue to charge, accuse and allege racism when 60 million-plus Americans – the majority of these voters were not black – went to the polling place or by mail and twice elected Obama by wide margins?”

Consider what happened to NASA when First Man Neil Armstrong was successfully placed on the Moon and safely returned?

Ponder what happened to the Anti-War Movement when American pulled out of Vietnam?

Weigh what happened to the Civil Rights Movement when Obama was elected president?

What’s next?

Wars Intensified To The Glee Of Some

“Race relations have arguably become more polarized and tenser since 20 January 2009. Though smaller in scale and scope, the demonstrations sparked by police shootings of unarmed black men were reminiscent of the turbulence of the 1960s.” – Nick Bryant, BBC New York correspondent

Polarization pervades our politics.

Obamacare passed with precisely zero Republican votes.

Tax reform passed with precisely zero Democratic votes.

Tribalization spread to our streets and ball fields. Mobs are roaming. They are angry and way too many times, violent.

The unfamiliar became familiar: the names/places including Treyvon Martin, Ferguson, Flint, Baltimore, Dallas, Antifa, Colin Kaepernick … became topics for the dinner table and even fighting in the streets.

More than ever, those who dared offer a different opinion, are/were labeled as “racists,” “misogynistic,” “homophobic,” “privileged,” “transphobic” …

Many on our hyper campuses became venues in which Unmensch with other points of view were charged with “micro-aggressions,” requiring “trigger warnings” and “safe spaces.”

The November 4, 2008 Spirit of Hope and Change is long gone after just one short decade, compelling one to ask: “Did it ever really exist?”

Many of these subsequent events (e.g., Treyvon Martin shooting) listed by Almost DailyBrett came before Donald Trump.

Did the lost promise of Hope and Change/corresponding rise of über Political Correctness prompt many of the 62 million to go to the polls and cast ballots on behalf of change agent, Donald Trump?

Hatred: The New Norm?

“I really worry that someone is going to be killed and that those who are ratcheting up the conversation … they have to realize that they bear some responsibility if this elevates to violence.” — Senator Rand Paul (R-Kentucky)

Senator Paul was on the same local baseball diamond when bullets flew and Rep. Steve Scalise (R-Louisiana) was shot, and almost killed. And just this past week, pipe bombs were sent to former and present Democratic office holders. Shots rang out today in a Pittsburgh Synagogue. Don’t even want to think, what’s next?

In the meantime, Almost DailyBrett has seen and experienced negative media before … but never to this extent. We are in unchartered waters, bringing into question what legacy/digital journalism means anymore?

Any positive news from the White House – no matter the subject or how it’s presented — is immediately turned in a dark direction by Oppositional Journalism.

The two tribes are polarized as never before. The other side of the aisle can’t cross the street to have a bite to eat without drawing ferocious protesters.

Civility? What civility?

How can we get back to the best hopes and eternal optimism, which characterized the legacies of Kennedy and Reagan?

We went to the moon. The wall came down. Kennedyesque and Reaganesque hope and change worked regardless of party.

Were we better citizens back then? Maybe so.

More to the point: Can we ever get back to the glimmering hopeful moments on November 8, 2008, when even politically charged allegations of “racism,” were given a rest …  at least for one evening?

http://edition.cnn.com/2008/POLITICS/11/04/obama.transcript/

https://www.wsj.com/articles/why-the-left-cant-let-go-of-racism-1503868512

https://www.nytimes.com/2008/11/05/us/politics/05campaign.html

http://www.pewresearch.org/2008/11/13/postelection-perspectives/

https://www.bbc.com/news/world-us-canada-38536668

https://thehill.com/homenews/senate/410610-rand-paul-on-political-climate-i-really-worry-that-someone-is-going-to-be

https://almostdailybrett.wordpress.com/2018/02/15/oppositional-journalism/

 

 

 

 

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