"Pay their fair share of taxes" Biden asks of corporations showing 2017 predecessor tax cuts did not increase investment and added $100 billion yearly to the US Deficit

03/08/2024

By paying their fair share of taxes Biden says in State of Union speech to US Congress 2024 one can increase investment in education, affordable childcare and better living for seniors in their homes, and still cut the deficit by hundreds of billions of dollars. What is fair share? Certainly not zero percent that 55 of the largest corporations paid on $40 billion in profits in 2020, and corporate minimum tax was introduced at levels of 15% for which most ordinary Americans are not eligible for. And certainly not 8.2% that Biden said was being paid by 1000 billionaires in the US. Not a single penny more is being asked of hard working Americans earning less than $400,000 a year. Biden said he wanted to see the corporate minimum tax at 21% not 15%, and the top corporate tax rate set at 28% not the 21% that it was reduced to in 2017 from 35%. In short his predecessor turned to help companies and billionaires profit from the popular distress of the shipping of jobs overseas and the 2009 financial crisis caused by Bank executives without investing the nation's capital resources in manufacturing at home in scale to match and exceed China's. And at the same time neglecting to do anything about the concerns of the people for ease of living- affordable access to childcare, preschool education, education, health care to match Europe/China/India in quality and cost, and aging transportation infrastructure of airports, subways, roads and bridges. The savings when this is done properly go to cut the deficit by over 4 trillion dollars and keep America as the leader of all G-20 economies.

Linked Articles

Biden Draws Sharp Contrast With Trump in State of the Union

WSJ 03/07/2024

Ken Thomas, Tarini Parti

WSJ 03/07/2024

Andrew Restuccia, Andrew Duehren, Richard Rubin

Try hard but not too hard-cutting yourself some slack improves health and concentration, the Andy Grove principle for slack in your work routine reinforces this

09/15/2023

People forget that this applies to sports athletes and high achieving people. Andy Grove, founder of Intel and of Silicon Valley, believed in keeping some slack in his work routine and schedule. He left Hungary in 1956 after the Hungarian revolution and Russian invasion as a refugee, and graduated first in his class in the City College of New York in chemical engineering 3 years later. In 3 more years he obtained a PhD from UC Berkeley. In his book Output Management he says productive arrangement is one that keeps slack in the way that highway planners know that having too many cars compared to capacity means everything comes to a halt. In his daily work he always believed in having some slack. Today people pile on work upon work forgetting these basic principles. The other principle is leveraging of activities which is where the output comes from. To leverage effectively concentration of mind is needed and a chance to reflect and think, which requires slack and slack that adds additional time for healthy living that aids mindfulness. This adds to Motivation and Training which Grove says affect Output. To do this requires some slack to think and reflect and healthy lifestyles that power this process. This is also why the competing styles today show contrasts between those of Boeing's top managers and Stellantis managers similar to Grove and Musk's style for Tesla also shown in WSJ in the last few months being just the opposite.

Linked Articles

Burnt-out from work? Try following Hugh Jackman’s 85% rule

The Guardian 09/15/2023

WSJ 09/11/2023

Rachel Feintzeig

Indian Supreme Court decision that a politician is also a citizen and is also amenable to the same laws.

04/06/2023

India's Supreme Court rejects a petition by 14 political parties that asked for politicians to have immunity from prosecution. Or that there should be no cases filed against them because there are certain statistics related to the leaders. The court ruled that it cannot lay down law in the abstract. Specific cases need to be filed and the Court would rule in that specific case. The Supreme Court said -"Ultimately a politician is also a citizen, and as a citizen he or she is amenable to the same law."

Linked Articles

Supreme Court rejects petition by opposition parties on alleged misuse of CBI, ED | India News - Times of India

The Times of India 04/06/2023

Hindustan Times 04/04/2023

Biden at Independence Hall Philadelphia in 2022 and Lincoln in 1861 on the way to the White House at the start of the Civil War- "Battle for the Soul of the Nation"

09/03/2022

At key points in the life of these United States of America- Washington, Jefferson, Lincoln, TR and FDR, and now Biden, speak at Independence Hall in Philadelphia on the idea, that principle, in the Declaration for which they are willing to give their lives to defend. For the people of the world, the people of India, the rest of Asia, Africa, Latin America, Australia this has brought new meaning and hope since these words were written- "We believe that all men are created equal and they are endowed by their Creator with certain inalienable rights, and among these are life, liberty and the pursuit of happiness." "It was that which gave promise that in due time the weight should be lifted from the shoulders of men, and they would all have an equal chance." (Lincoln)

Linked Articles

Biden delivers speech on "battle for the soul of the nation" in Philadelphia | full speech

YouTube 09/02/2022

The White House 12/24/2022

The White House

Years of hyper growth followed by slight or shrinking growth in China

07/31/2022

For years China pushed hyper growth without correctly understanding the sources of that hyper growth and its consequences in the long run. Communities in the US and the EU simply could not cope with the hyper shift of factories from local regions to China that created the hyper growth in China. Local governments in China and self interested investment banks in the US and Eu pushed for this growth and the central government failed to act with restraining action. The result is alienated public in the US and EU, intense trade and competitive frictions and permanent damage to friendly US China, US EU relations. The domestic side of this hyper growth was the overdependence on the property sector which was asked to carry a bigger burden for development leading to the crisis today with local governments strained for financing by $900 billion as reported in WSJ today July 31. 2022. This did not need to happen. China entered this experiment with capitalism without restraining action with very little knowledge of the market economy and how it operates correctly only with restraining and corrective action in the interests of the whole people of the country. Too much has gone wrong for peoples on either side, the unintended effects and consequences in the simple unbridled pursuit of self-interest alone.

Linked Articles

China’s Economy Tested by Strained City Finances

WSJ 07/31/2022

Wall Street Journal Staff

WSJ 07/31/2022

On the occasion of Mr. Biden's launch of Indo-Pacific Economic Framework bringing together workers and families of America, Europe and India

06/01/2022

In 1931 Gandhi visited the Lancashire textile mill in Darwen owned by Quaker and Socialist Davies family. This BBC account of that visit shows the enthusiasm of workers in Lancashire for "Gandeye" and how Gandhi felt the workers treated him as one of their own. Only 14 years later the same workers and families voted in Labour and Clement Atlee who immediately started the negotiations with Gandhi for Hind Swaraj and the independence of India. It shows how Gandhi would look at the economic alliances and new supply chain president Biden announced and Mr. Scholz of Germany called for at the Hanover Trade Fair in 2022 - that the sound foundation for a new supply chain is the interests of American and European workers and families, as well as interests of workers and families in partner countries such as India in the Free World.

Linked Articles

When Gandhi met Darwen's mill workers

BBC News 06/01/2022

The Indian Express 06/01/2022

A second Macron vs. Le Pen presidential debate in France in 2022

04/21/2022

Cost of living and Le Pen's ties to Russia emerge as key issues in the debate. Macron appears to be the more convincing in his grasp of facts and claity of thinking, with a Elabe snap poll showing 59% think Macron more convincing to 39% Le Pen. France's welfare state in a way that the US and Britain are less so, means that other solutions are needed for cost of living and the decaying small towns and rural areas. A next generation industrial revolution is needed to bring jobs home and closer to home to revive both France and Europe after decades of shifting jobs and industry to China. Needed only is the will and aspiration to do so.

Linked Articles

Macron and Le Pen clash on Russia in feisty debate ahead of presidential run-off

France 24 04/21/2022

WSJ 04/20/2022

Noemie Bisserbe, Stacy Meichtry

Olaf Scholz and the task of Renewal of Germany+Europe

12/08/2021

Insititut Montaigne and The Times of London offer new and better understanding of Olaf Scholz as he takes on the task of Renewal of Germany+Europe.

Linked Articles

Chancellor Olaf Scholz? Change Without Disruption

Institut Montaigne 12/08/2021

Alexandre Robinet Borgomano

The Times 12/08/2021

Oliver Moody, Berlin

Jill Biden and the analogy with Eleanor Roosevelt in wartime America

09/21/2021

Jill Biden has already visited 32 states, talked to teachers and military families, and is fully engaged both as a teacher herself and in a mission like that of Eleanor Roosevelt who rallied the nation in wartime America.

Linked Articles

Jill Biden Is Chasing the President’s Most Elusive Campaign Promise: Unity

NYTimes.com 09/20/2021

Katie Rogers

The Times 03/16/2021

David Charter, Washington

Virat Kohli as bold hitter and Hardik Pandya as cleanest striker of the ball- India rival Australia in Test cricket

12/11/2020

Linked Articles

India vs Australia: ‘He’s one of the cleanest strikers of the ball I’ve seen in the game,’ Ravi Shastri lauds India batsman

Hindustan Times 12/11/2020

Hindustan Times 12/11/2020

What Bill Gates and France had in common in the fight for health preparedness

05/11/2020

France had learned lessons from SARS epidemic and prepared for the H1N1 epidemic at the time that Bill Gates of Microsoft was pushing for greater awareness of public health priorities. Today Gates says this was not enough, that he did not do enough and feels terrible about it. The irresponsible banking practices that caused the financial crises first in the global financial crisis of 2009 and then in the eurozone financial crisis that followed by 2011 led to the ditching of the pandemic preparedness effort in France and Britain. In all of the western world including the U.S. austerity practices were the response without addressing the root causes of financial crises. Investments in public services and infrastructure were neglected leading to a level of unpreparedness that is shocking. Countries in lesser developed countries with more consciousness of the importance of public services and care of the vast majority of people were better protected in the crisis as a result than the more developed countries.

Linked Articles

Bill Gates Has Regrets

WSJ 05/11/2020

Betsy Mc Kay

France 24 05/17/2020

Economic losses of 3% in GDP per head with Brexit and 8% with no-deal Brexit leaving Britons poorer

12/01/2018

As the Brexit option becomes clear as a hit to ordinary Britons and the British economy prime minister Theresa May takes her deal to the British parliament for a vote. Most opinion says it will be rejected, if not rejected outright by Conservatives and Labour MP's. A second vote may be taken. The Opposition Labour Party prepares for a new election with a divided government.

Linked Articles

How to make yourself poorer

The Economist 11/30/2018

The Economist 11/30/2018