The number one single today in 1956:
The number one single in Great Britain …
… and in the U.S. today in 1964:
The number one single today in 1956:
The number one single in Great Britain …
… and in the U.S. today in 1964:
Earlier this morning I spent an interesting hour on Wisconsin Public Radio debating the proposal of Sen. Glenn Grothman (R–West Bend) to allow employees to work seven consecutive days without a day off.
WPR played, at my suggestion, some appropriate music …
… though they could have played this too (which I didn’t think of until after the show):
Listeners got the chance to voice their opinions, and they were overwhelmingly opposed. That could be a manifestation of WPR’s overwhelmingly, reflexively anti-conservative demographics. It also could be evidence that what I’ve always heard from employers about the work ethic of the Wisconsin workforce isn’t true anymore. It also could be a sign of the dysfunctional relationship between Wisconsin employers and employees. It could also be a sign of our increasingly stressful times. (Which aren’t going to get any better, by the way.)
As readers know, at StevePrestegard.com something is either right or wrong based on its merits, not on whether or not it’s popular. Since I entered the full-time work world a quarter-century ago, I have never had a job that was limited to 40 hours a week, five non-holiday weekdays a week. In the news business, news has to be covered whenever it takes place.
I don’t think I have a work ethic superior to anyone else’s. But what I learned from my parents and others I’ve worked with is that work takes as long as it takes to be done well. The comment from a minister from Ladysmith reminded me that God wants and expects us to be productive. That’s evident from Genesis through at least Paul’s letters to the Thessalonians.
The argument I made on the show for passage of Grothman’s law is flexibility for employers. In today’s business world if a customer wants a product the customer needs it now, not next month or next week. Manufacturers do not keep parts in stock anymore, because inventory costs money. As for retail businesses, many are open seven days a week, particularly in tourist areas. If a business has a customer, it has to serve that customer whenever the customer wants to be served if that business wants to stay in business. (Unless you’re OK with waiting until Monday to have the furnace that died on Saturday fixed.)
None of those who opined during the show seemed to be employers. There remains a remarkable amount of ignorance about how business works, and perhaps that’s employers’ fault for not telling their employees how their businesses, their areas of business and the economy work. So here are some potentially harsh truths:
Since a lot of my work has involved covering business, I’ve met a lot of business owners over the years. I’ve written before that, to paraphrase William F. Buckley’s comparison of the Harvard University faculty and the first 2,000 names in the Boston telephone book, I’d rather be governed by the members of any chamber of commerce than any elective governing body. Business people earn every cent they get, because every cent they get comes from a customer who decided that that business’ product or service is worth their money, more so than the potential alternatives.
Business owners work nights, and weekends, and holidays already. They get virtually no respect in this state from elected officials of a certain party whose name starts with D, and little respect from the allegedly smart people who get paychecks from a unit of government. The contribution of any business to its area far outweighs the taxes it pays, which is why I argue here that the correct level of business taxation is zero.
In addition to the general anti-business rhetoric listeners heard (and can read on Cardin’s Facebook page) today, I always find amusing how people ignorant of business feel free to tell a business how it should be run. The opposing view this morning said that businesses should hire more people, ignoring the fact that it costs less for a business to give its existing employees more work than to hire more employees. It’s unclear to me why a business should hire more people if there’s a reasonable chance that those people will have to be laid off if business dries up. (That makes me wonder how his union, which by the way is a business too, is run.) People are employed based on the business’ needs — businesses do not exist to employ people.
There was both an on-the-air comment and an online comment that some people work seven days a week already, so there needs to be no law to approve that practice. That’s a nicely small-L libertarian view that doesn’t mesh with reality in this very unlibertarian state (other than in alcohol issues) of ours. In this state, based on experience, it’s not that anything not specifically prohibited is allowed; it’s the other way around — anything not specifically allowed is prohibited. I suspect some business owners have inadvertently found that out.
If you believe the callers I heard, you would assume that every workplace is a 19th-century sweatshop, or would be if those evil businesses had their way. I work in a field that by reputation is the pits in terms of workplace environment. (Journalism, it is said, puts the word “fun” in “dysfunction.”) I wouldn’t say that about business, but then again I’ve dealt with more of them than apparently WPR listeners have.
It may be that some negative opinions of business come from people dissatisfied with their employers. (I always wonder where reflexive anti-business attitudes come from — someone’s own experience, the experience of someone that person knows, or what they claim to know based on what they’ve read.) Some of them may be dissatisfied with their work as a result of poor personal decisions they’ve made in their past in such areas as their own education — failing to make themselves more valuable in the workplace through education and training. I’m not unsympathetic to that, but I’m not sure what can be done about that, and government cannot undo, for instance, getting stuck in bad jobs because you had to go to work because you had a family younger than you should have.
The one comment after the show that brought up an original point was what happens to an employee of two businesses when employer A wants that person to work overtime when that person is supposed to be at employer B. I don’t have a good answer for that, and I suspect that, thanks to the wonderful job the federal government and current presidential administration is doing with the economy, that is likely be an increasingly prevalent dilemma.
The fact is that in a healthy economy (which this is not), employees always have the last word, because they can choose to work somewhere, or not. The evidence is the roaring 1990s, where minimum-wage jobs paid more than minimum wage because that’s what it took for employers to hire and keep employees. That’s obviously not happening now, which is why the state needs to be actively pro-business. I’ve argued here before that state policy is less anti-business, but it’s really not pro-business when bureaucrats remain free to enact regulations actively hostile to business and businesses and everyone else are all (still) taxed too much.
Now I have to go back to work.
I will be on Wisconsin Public Radio’s Joy Cardin show today at 7 a.m. (Yes, I know today is not Friday.)
Wisconsin Public Radio’s Ideas Network can be heard on WHA (970 AM) in Madison, WLBL (930 AM) in Auburndale, WHID (88.1 FM) in Green Bay, WHWC (88.3 FM) in Menomonie, WRFW (88.7 FM) in River Falls, WEPS (88.9 FM) in Elgin, Ill., WHAA (89.1 FM) in Adams, WHBM (90.3 FM) in Park Falls, WHLA (90.3 FM) in La Crosse, WRST (90.3 FM) in Oshkosh, WHAD (90.7 FM) in Delafield, W215AQ (90.9 FM) in Middleton, KUWS (91.3 FM) in Superior, WHHI (91.3 FM) in Highland, WSHS (91.7 FM) in Sheboygan, WHDI (91.9 FM) in Sister Bay, WLBL (91.9 FM) in Wausau, W275AF (102.9 FM) in Ashland, W300BM (107.9 FM) in Madison, and of course online at www.wpr.org.
The subject today is a proposed state law to allow employees to work seven consecutive days. How do I feel about this? Tune in or log on and find out.
Today in 1967 was not a good day for fans of artistic freedom or the First Amendment. Before their appearance on CBS-TV’s Ed Sullivan Shew, the Rolling Stones were compelled to change “Let’s Spend the Night Together …”
… to “Let’s Spend Some Time Together”:
The number one British album today in 1977 was ABBA’s “Arrival” …
What do one of the world’s most prosperous cities and one of the U.S.’ biggest disaster areas have in common?
Ask P.J. O’Rourke:
Detroit is beautiful—though you probably have to be a child of the industrial Midwest, like me, to see it. As you may have heard, the city is in trouble. At the end of the 2013 fiscal year, Detroit had a balance sheet with liabilities of $9.05 billion. The city’s emergency manager, Kevyn Orr, estimates long-term debt at $18 billion.
But I know how to fix Detroit, because it reminds me of another favorite place, Hong Kong—two things so opposite that they evoke each other the way any Kardashian is a reminder that you love home and mother.
Hong Kong’s per capita GDP is among the highest in the world. But it was once a worse mess than Detroit. Devastated by Japanese occupation, the British colony’s population had declined from 1.6 million in 1941 to 600,000 by 1945. Then, after the 1949 communist victory on the mainland, a million refugees arrived. Most of them were penniless. Britain’s Labor government was penniless, too. Maybe Hong Kong could have gone into Chapter 9. But who would have been the bankruptcy judge? Chairman Mao?
Instead Hong Kong had the good fortune to get John (later Sir John) Cowperthwaite, a young official sent out to push the colony’s economy toward recovery. “I did very little,” he once said. “All I did was to try to prevent some of the things that might undo it.”
Such as taxes. Even now, Hong Kong has no sales tax; no VAT; no taxes on capital gains, interest income or earnings outside Hong Kong; no import or export duties; and a top personal income-tax rate of 15%.
Cowperthwaite was financial secretary from 1961 to 1971, Hong Kong’s period of fastest economic growth. Sir John, however, wouldn’t allow collection of economic statistics for fear they’d lead to political meddling. Some statistics nonetheless: During Cowperthwaite’s tenure, Hong Kong’s exports grew by an average of 13.8% a year, industrial wages doubled and the number of households in extreme poverty shrank from half to 16%.
With that in mind, I was talking to a friend in Michigan. We discussed Detroit’s poverty, crime, depopulation and insolvency.
“Make it into Hong Kong,” I said, “with polite Canadians next door instead of a scary Politburo.”
“Someone’s way ahead of you,” he told me.
Real-estate developer Rod Lockwood wants investors to buy Detroit’s derelict 982-acre Belle Isle Park and persuade the U.S. to allow Belle Isle a territorial status like Guam and all the tax benefits of Hong Kong—with easier access to Red Wings games.
Belle Isle has room for only about 50,000 people and just one bridge to the city. It might seem more of a gated community than an overseas possession. So Mr. Lockwood has expanded his proposal to include 15 square miles of Detroit’s distressed east side. I think Mr. Lockwood should try for the city’s entire 143 square miles. …
Hong Kong economics would mean curtailing U.S. welfare and benefit programs, but Detroiters seem to have found the holes in the social safety net already. Forty-four percent are living below poverty level. They could, however, benefit from the jobs and commerce in a vibrant, tax-free Hong Kong economy. …
Christopher Brooks, senior pastor at the 1,500-member Evangelical Ministries Church in Detroit, said a concept like Belle Isle “would initially be greeted with hostility because of the widespread suffering in Detroit. A ‘Wealth Haven’ would cause a war on the middle class.” However, he said, “If you’re talking about the whole city…If Belle Isle is the start of a plan, I’d support it. A lot of clergy would get behind it.” Pastor Brooks said, “If there were a real plan to encourage jobs and wealth, the welfare problem would solve itself.”
Granted, turning Detroit into Hong Kong wouldn’t be simple. I talked to Chris Crosby, a municipal bond analyst at Raymond James. He listened patiently as I explained the advantages of a city that would actually be worth something to prospective municipal bondholders. Here is the main part of the rest of our conversation.
Me: “Is this feasible?
Mr. Crosby: “No.”
The political barriers are too high—politicians don’t like to give up power. Of course, politicians also give up power in a bankruptcy, which is why Mr. Crosby likes Detroit’s bankruptcy. It will be so politically painful that other big cities won’t try it. …
Anyway, Detroit is broke. And so was Hong Kong. In 1949 the colony had just one asset. Hong Kong owned Hong Kong—all the land except what was under the Anglican cathedral. Hong Kong sold leaseholds, first for a little, then for a lot.
And Detroit owns Detroit, or a very large chunk of it. In 2011 more than half the owners of Detroit’s 305,000 properties failed to pay property taxes. Detroit has approximately 40 square miles of vacant land.
If people cannot be convinced by reason, maybe they can be convinced by greed. Forty square miles equals 1.1 billion square feet. One recent estimate put Hong Kong land prices at more than $1,300 per square foot. Translated into Detroit, that’s $1.4 trillion.
Even MSNBC cannot polish Friday’s job report, reports Cain TV:
CNBC’s Michelle Caruso-Cabrera appeared on MSNBC’s Morning Joe to announce the new, “awful,” December jobs report.
“Oh good Lord…” said host Joe Scarborough. “That’s a horrific number. That’s one of the lowest numbers we’ve seen in years.”
Morning Joe’s crack news team did make a half-hearted stab at blaming “cold weather,” but you could tell they’re just not into the argument. The fact is there’s simply no way to spin this data as anything other than dismal. They even bemoaned the fact that the unemployment rate only went down because so many people left the workforce. For MSNBC, that comes dangerously close to actual reporting.
Zero Hedge puts it in stark visual:
Curious why despite the huge miss in payrolls the unemployment rate tumbled from 7.0% to 6.7%? The reason is because in December the civilian labor force did what it usually does in the New Normal: it dropped from 155.3 million to 154.9 million, which means the labor participation rate just dropped to a fresh 35 year low, hitting levels not seen since 1978, at 62.8% down from 63.0%.
And the piece de resistance: Americans not in the labor force exploded higher by 535,000 to a new all time high 91.8 million.
The number one British single today in 1960:
The number one single today in 1978:
The number one British single today in 1995 came from a Swedish group that did a wacky country-ish song:
If the trial balloon accomplishes nothing else, Gov. Scott Walker certainly ignited a debate about Wisconsin’s taxes by proposing the end of the state income tax.
That debate is playing itself out on blogs and newspaper opinion pages across the state.
Democrats oppose Walker’s trial balloon, of course, but fail to suggest something better — for instance, 17th Senate District candidate Ernie Wittwer:
The best guesstimates available are that the sales tax would have to grow to 13.5 percent, if the state’s general fund is to remain solvent. That would put Wisconsin’s sales tax far higher than any other state’s. If this were done the tax burden would shift from people with wealth to people in the middle income and lower income brackets.
The Wisconsin Budget Project blog did some of the numbers on the proposal. They estimate that taxpayers in the lowest 20 percent income bracket would pay 5.4 percent more of their income in taxes. The top 1 percent would reduce the share of their income paid in taxes by 4.1 percent. Stated another way, the people with an average income of $14,000 would see an increase of nearly $750 in state taxes; people with incomes in excess of $1 million would see a cut in state taxes of nearly $44,000.
We probably would not raise the sales tax to 13.5 percent. The alternatives would involve extending the sales tax to more items. The largest items currently excluded from the tax are food; fuel and electricity for home, farm and manufacturing use; professional services; medicines, motor fuel; and machinery and equipment for farming and manufacturing. Placing the sales tax nearly any of these items would further shift the tax burden to those who are least able to pay.
The other alternative is to cut state expenditures. Public education and post-secondary education have already been cut. State medical programs are already hurting. Aids to local governments have been stagnant. Perhaps we really don’t need meat inspections and other similar state programs? Good candidates for cuts really are not apparent, at least in the amounts that would be needed.
Apparently the organization that wants to end school funding by property taxes still exist, because its creator is writing letters to the editor:
It is not fair that half of Wisconsin income, sales and property are exempt from taxes — which means others pay more.
It is not fair when some years farmers and businesses pay more in property taxes than they earn because property taxes are not based on income.
It is not fair that seniors are forced from their homes, church, community and state because the property tax is not based on ability to pay.
It is not fair when young families cannot qualify for a home loan when the tax is factored into payments.
If everyone paid income and sales taxes, the property tax could be eliminated and income and sales tax rates cut for all. Exemptions from a state tax should not exist as violates equal protection under the law.
When all pay the fairer income and sales tax we do not need the unfair Wisconsin property tax.
Brian Fraley proposes getting rid of one of the taxes within the income tax:
In 2011 the legislature passed the Manufacturing and Agriculture credit. The phased in tax cut was sold as: If you make it or grow it in Wisconsin, income from that activity would be tax free.For more on the M & A credit, see here.Wisconsin’s chamber of commerce said the new credit would impact manufacturing in 3 distinct ways.
- First and foremost, the credit will be a powerful incentive for existing manufacturers to expand their facilities here. Manufacturers that are already located in Wisconsin often have difficult choices to make when considering expansion in Wisconsin versus expanding facilities elsewhere. While Wisconsin has many advantages of interest to manufacturers, there is no question that Wisconsin’s individual and corporate income/franchise taxes are among the highest in the nation. This credit will help tip the balance in favor of expansion here. The timing of the credit is crucial as the economy continues to recover and manufacturers act on plans to meet expected demands;
- For the same reasons, this credit will encourage some out-of-state firms to locate their production facilities in Wisconsin as they expand;
- Finally, the credit will provide an incentive for start-ups to take root here in Wisconsin.
But legislative intent was not followed. Unfortunately for thousands of people and businesses in Wisconsin, the tax break would only be offset by their now being subjected to the State’s Alternative Minimum Tax.Federal and state tax laws treat different kinds of income differently. In addition there are a myriad of special deductions and credits for various expenses.Wisconsin’s AMT demands that, when certain criteria are met, Wisconsin income is taxed at a rate of 6.5%. Liberals argue that Alternative Minimum Taxes ensure that all individuals who benefit from these tax advantages will pay at least their fair share of taxes.But the AMT is essentially a second income tax system. It makes compliance with our tax laws more complex. So not only does this hurt our ranking among the states when it comes to overall tax burden, The additional compliance cost hurts our state’s overall business ranking when compared to the more tha 40 states without an Alternative Minimum Tax. …What can be done?
Simple. Wisconsin should not have two separate income taxation systems. The time is now to repeal the Wisconsin Alternative Minimum Tax.
Republicans have an obligation to not spend the new revenues and they also have an obligation to do the right thing and fulfill their tax cut promises of 2011 and 2013.
Here’s hoping a straightforward, complete and stand alone repeal of the AMT is offered, debated, passed and signed into law this spring, before the AMT monster grows even uglier.
Repeal the AMT, without delay and without any other gimmicks like a sales tax holiday attached for the ride.
The answer to which tax, or taxes, should be repealed depends on your goal. The property tax remains the least popular tax in this state, and by a large margin. Income taxes — personal and corporate, including the AMT — have a larger impact on our business climate, which has been subpar for decades. (Not only because of taxes.)
The whole idea of “fair” taxes is a contradiction in terms. If everyone pays taxes at the same rate, taxes are perceived as unfair because those taxes aren’t based on one’s ability to pay, whether measured in income or wealth. Conversely, though, where is the fairness in requiring those with more money to pay a higher percentage of their income in taxes? Unless you’re referring to the millionaire next door, most people own houses commensurate with their income, spend commensurately to their income, and so on.
I think the solution is not necessarily to eliminate one class of taxes, but to reduce, in this case, both income and property taxes without increasing sales taxes. Reducing taxes by increasing other taxes is not an answer.
One thing New Jersey’s Bridgegate demonstrates is that Republican elected officials can abuse their authority as much as Democratic elected officials can.
Another thing it should demonstrate, but won’t, to liberals is that therefore government and elected officials need less, not more, authority and power.
Jonah Goldberg says this about New Jersey Gov. and supposed Republican presidential front-runner Chris Christie:
Outside the peculiar context of Christie’s presidential ambitions, the idea that this should be front-page news across the country is somewhat baffling. Quick: Show of hands. Who is surprised that New Jersey politicians play hardball with other New Jersey politicians at the expense of voters and taxpayers?
Oh, sorry. I didn’t realize it would be that many of you. Okay, just out of curiosity, for those of you who are legitimately shocked, I’d like to ask some control questions. Are you also shocked that bears use our national forests for toilets? Are you shocked that dogs lick their nether regions without much concern about who might be watching? Does it blow your mind that the Pope is Catholic? When you smash your thumb with a ball peen hammer are you taken off guard by the throbbing pain?
I see.
Now I am not condoning or even trying to minimize the significance of “Bridgegate” — an idiotic term by the way. What these bozos did was bozo-rific. But come on. Do you think Rahm Emanuel hasn’t played games with which streets get plowed first after a snow storm? Do you think that the Cuomos have issued every business permit and license on a first-come, first-serve basis? Wait you do? Oh man, that is adorable. Bless your heart.
Like pretty much everyone else, I think that if Christie is lying about being out of the loop, he’s done for. Fair or not, he set the standard by which he wants people to judge him. I grew tired of his constant boasting of his straight-talking a long time ago. But he’s the self-declared exemplar of straight-talking. (I like the straight talk, mind you. I just don’t like all the allegedly straight talk about his straight talking. It’s a bit like Christie’s odd way of being arrogant about how humble he is. Just give me the straight talk; don’t give me a lot of hot air about how straight the straight talk is, ya get me? I love it when my waiter brings a great steak. But when he hangs around selling me on each morsel as it goes into my mouth, it really creeps me out. “Great steak, huh!? Man, you are lucky to be eating that. Take another bite. I bet it’s even better.”)
Also, I’m not a huge fan of career politicians talking about how they’re not really politicians. It’s like a salesman insisting he’s not like any other salesman. Maybe that’s true in some ways (maybe he has three nipples and a neon orange unibrow; what do I know?) but at the end of the day he’s still trying to make a sale which means — tah dah! — he’s a salesman. Christie’s claim to be above politics-as-usual always struck me as incredibly hackneyed and forced. He’s the governor of frick’n New Jersey. Being above politics there is about as possible as cleaning out a stable by hand without getting your white gloves dirty. The fact that voters want to hear that stuff doesn’t make it true. It makes it pandering.
Anyway, Christie set the standard for his straight talking. He set the standard of being better than petty politics. And, yesterday, he laid down a marker for what he knew and didn’t know. If that marker is proven phony, it will profoundly undermine the criteria by which he asks voters to judge him. And that wound will be entirely self-inflicted.
But come on! You have to wonder how some of the folks in the media can look at themselves in the mirror. The three network news shows have devoted orders of magnitude more coverage to a story about closed lanes on the George Washington Bridge than they have to the IRS scandal. I know this is not a new insight, but WHAT THE HELL!?
The sheer passion the New York Times-MSNBC mob is bringing to a partial road closure is a wonder to behold. What about the children! The chiiiiillllldrennnn!!!!!
But using the IRS to harass political opponents — one of the charges in the articles of impeachment for Richard Nixon —well, that’s complicated. The president didn’t know. The government is so vast. I had a flat tire! A flood! Locusts! It wasn’t his fault! Besides Chris Christie joked about putting down the cones himself! The cones, man! The cones!
But forget about the IRS scandal. Obama’s whole shtick is to pretend that he’s above politics while being rankly political about everything, including his stated desire to “punish our enemies.” By comparison, Chris Christie looks like Diogenes and Cincinnatus rolled into one. From inauguration day forward, this whole crew has behaved like Chicago goons dressed in Olympian garb, and the press has fallen for it.
We don’t need to recycle the whole sordid history of the sequester and the shutdown to remember that this White House sincerely, deliberately, and with malice aforethought sought to make things as painful as possible for millions of Americans. Traffic cones on the George Washington Bridge are a stain on the honor of New Jersey. (Stop laughing!) But deliberately pulling air-traffic controllers to screw with millions of people is just fine? Shafting World War II vets and vacationing families at National Parks is something only crazy right-wingers on Twitter would have a problem with? And keep in mind, it is at least plausible Christie didn’t know what his staff was doing. It is entirely implausible that the president didn’t know about the WWII memorial closure, after the news appeared in the president’s daily briefing (a.k.a. the New York Times).
I’d say I just don’t get it, but I do get it. For the mainstream media, skepticism comes naturally when a Republican is in the crosshairs. It comes reluctantly, slowly, and painfully — if at all — when it’s a Democrat.
The number one single today in 1960 topped the charts for the second time:
The number one album today in 1973 was Carly Simon’s “No Secrets”:
Today in 1973, Eric Clapton performed in concert for the first time in several years at the Rainbow Theatre in London: