Posts tagged ‘Economics’

“Most deaths from building collapse in earthquakes occur in countries with high scores for corruption.”

Roger Bilham (University of Colorado)
and Nicholas Ambraseys (Imperial College London).

Clearly there are other factors — poverty for one, proximity to an ocean with the potential for a tsunami and imperiled nuclear plants for another, both as in Japan 2011. But political corruption —and thus inadequate requirements for inspection and construction of buildings — is a factor that people can do something about.

bag of money

 

That least likely of billionaires, Warren Buffett, wrote in an Op Ed piece in the New York Times, “My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice.”

And then he added that of his many super-rich friends most wouldn’t mind paying something more in taxes and he had never seen any of them shy away from investments because of the tax rates on potential profits.

“People invest to make money,” he said. “Potential taxes have never scared them off.”

 

 
As Robert Reich, former Secretary of Labor, notes, the richest Americans already pay lower tax rates than the middle class. That doesn’t stop many of them from cheating on their taxes.

 

Do you want to know one reason why the very, very rich can get away without paying taxes like the rest of us? Read the newspaper reports of the recent jury decision where a Wilmette, Illinois, lawyer and others, “some of the people who prepare the tax returns for some of the most well-heeled, richest investors in the world,” were convicted of tax fraud for the use of shelters that required, among other tricks, “lies, backdated transactions, false information in files prepared for the IRS” and “the coaching of clients to lie to the IRS.”

So one bunch of multi-million — or billion — dollar tax cheats — or at least their tax preparers — may spend their next twenty years in the slammer.

But how many are running the same kind of scams and getting away with it?

 
Related post:
The Rich Get Rich

 
As I mentioned in the short piece I wrote about Alfie Bester, he and I had a joint talk for a bunch of English fans thirty-odd years or so ago. To my total amazement, some of them recently came up with a tape of that discussion. They transcribed it, and I thought some of you might like to read it here in the blog.

Here’s what Peter Roberts’ fanzine, Checkpoint, reported at the time:

TYNESIDE “FUTUREWORLDS”: (Ritchie Smith reports on the Newcastle sf film festival) “Alfred Bester and Frederik Pohl spoke at the Tyneside Cinema for some two hours on June 26th. Bester was smallish, plump, larger-than-life, and explosively friendly in a Hollywood sort of way, right down to calling some people ‘darling’. Pohl looked more literary: ectomorphic, tall, and restrained, full of good anecdotes, like Bester (sadly, too many of them were familiar from Pohl’s essay in Hell’s Cartographers). Afterwards they signed books — Bester’s dedications were especially witty — and the great men and a large minority of North-East fandom went off for a Chinese meal.”

 

Frederik Pohl     Alfred Bester

   Frederik Pohl       Alfred Bester

Alfred Bester and Frederik Pohl — The Conversation

Recorded 26 June 1978 at The Tyneside Cinema, Newcastle upon Tyne, UK, by Kevin Williams. Transcript by Sue Williams, edited by Neil Jones and Kevin Williams. Originally published in Rob Jackson’s fanzine Inca 5, December 2009. Additional editing here by Leah A. Zeldes.
 

Pohl: Let me tell you about Alfie Bester. I’ve known him for a long time, and I first encountered him when I was 19 years old and editing a magazine called Astonishing Stories, and I bought a couple of stories of Alfie’s because I liked them. And then, some years later, Cyril Kornbluth and I had written a book called The Space Merchants, which I sort of hoped might win a prize, but it was beaten out by something called The Demolished Man by Alfred Bester.

A little while later, Cyril and I were working on another novel — I think it was Search the Sky. We’d written a couple of others by then, and I’d just begun to edit a thing called Star Science Fiction Stories — a series of anthologies of original science fiction stories. I brought home a story by Alfie Bester that I had just accepted for Star. It was called “Disappearing Act,” and I showed it to Cyril while we were working on our own book.

He gave me a resentful look and said, “You bring me this to read when we are writing that!”

[The novel we were writing was pretty much space opera, while Alfie's story was a literate gem. But I didn't explain this in the conversation, which led to a mixup. —FP]

Bester: Cyril didn’t like it?

Pohl: He loved it. He thought it was so much superior to what we were doing that it embarrassed him.

It’s been going on like that — our paths keep crossing, and he keeps doing this superlative work, and now I’ll let him speak for himself.

Bester: The one thing that you must understand is that we admire each other profoundly. I cannot tell you how many times I have read a story or novel of Fred’s and said, “Why in Christ’s name couldn’t I have written that?” — and then run into Fred and I tell him. The truth of the matter is that there is no rivalry between us at all, there is nothing but admiration.

We are rather like the high baroque musicians: We borrow from each other, we learn from each other, we admire each other, we do the same things, or different things, and have a hell of a ball.

Now Fred’s novel which he wrote with Cyril Kornbluth, The Space Merchants, is, I think, the finest novel ever written in the history of science fiction. It is a brilliant piece of work. Many brilliant things have followed it, but this came along when everybody was obsessed with Doc Smith space opera, which has its own charm — it’s great fun — and suddenly comes this realistic extrapolation of what American life, American advertising, American ecology and American psychosis will lead to eventually.

Horace Gold ran it as a three parter in Galaxy. Gravy Planet, he called it. A tremendous piece of work — exciting, ravishing. I will never forget the scene where that crazy broad with the needle is giving him the works. Fred, that was outrageously brilliant.

Pohl: That scene was all Cyril’s but I’ll accept the credit.

Alfie is one of the greatest writers science fiction has ever had and he is well aware of it — he just wants to be told! Everybody knows the novels, but there was a period in the early ’50s when in The Magazine of Fantasy and Science Fiction month after month there was a leading novelette by Alfred Bester.

Bester: Always with the wrong title!

Pohl: Always with the wrong title but always good! They were just brilliant, one after another.

Bester: I once sent two stories to Mick McComas and Tony Boucher (at F&SF) — they had asked for them, of course — and they switched the titles on the stories. I stink on titles, I really do, I’m terrible.

But the point I’m going to make very strongly is the greatness of science fiction. To my mind, it is the last, the last outpost of freedom of literature in the States — I can’t speak for England. In science fiction, we can do what no one else can do in any other medium.

I speak as a magazine writer, novelist and scriptwriter. The constraints of commercial fiction in the States in television, in films, in radio, you name it, are so severe that there is very little you can do. This is one of the reasons why I have written science fiction off and on all of my life. Quite simply because if I come up with an idea which rather enchants me, I would very much like to develop it and do it, so that people would see it and hear it.

If my producer, my director, the client says “No, no, it’s too expensive, no it’s too far out, people won’t understand it, ah forget it, give us something a little less,” then I have to turn to science fiction. In science fiction, you can do anything you please, and God knows the artist needs a free hand. The greatness of science fiction is not the science, not the prediction of the future, not anything you want to name — the greatness is that it is wide open, and we can do exactly as we damn please, and that story will run somewhere, somehow, and you will have your audience, and you will get feedback. And after all, a writer without an audience is no writer at all; you’ve got to have people that you are entertaining.

Continue reading ‘Me and Alfie’ »

(And the Poor Get Children)
Sheet music, “Ain't We Got Fun?” 1921, music by Richard A. Whiting, lyrics by Raymond B. Egan and Gus Kahn

There's nothing sure but
The rich get rich
And the poor get children
In the mean time,
In between time,
Ain't we got fun?

 
—“Ain't We Got Fun?” 1921, music by Richard A. Whiting, lyrics by Raymond B. Egan and Gus Kahn.

Remember that old song? Of course it was just meant as a joke, wasn’t it?

Well, let’s check it out. What the Republican Party* has been telling us for some years is that when anybody’s income goes up, most likely everyone else’s does at the same time. As they put it, “a rising tide raises all boats.”

By gosh, when you look at the numbers, you have to admit they’re right. Well, sort of right. According to the economists Thomas Piketty and Emmanuel Saez, who have been looking up the statistics, the average American income — that’s for all of us, from paupers to super-rich — did go up a little in the years from 2002 to 2007. (Let’s not talk about what happened after that just now.)

However, the tide didn’t exactly come in to the same depth for all of. For most of us, the 99 percent of all incomes that includes you and me and the president of the United States and quite a few people who are driving $91,000 Mercedeses, our real income rose just 1.3 percent per year.

That other 1 percent of us, though, they collectively did quite a lot better than that. About seven times better, as a matter of fact. The income of that 1 per cent of the population who are the richest of all went up not a skinny 1.3 percent but a hefty 10 percent per year every year over the same period.

That’s not bad for the super-rich, right? It is especially profitable when you add in the fact that that same Republican Party, or at least those members of it who have been elected to Congress, has been steamrollering hard bargains in return for every concession they make to the rest of us. For example, in return for extending the term of unemployment insurance, as President Obama wanted for the millions of out-of-work men and women whose existing insurance was running out, the Republican negotiators extracted a commitment to leave intact the George W. Bush open-handed gift to the super-rich of most of a trillion dollars in tax forgiveness.

So why are the richest among us so avaricious about getting super-richer and super-richer still? The only fair term for it is overweening naked greed, that’s all. And they’ve got our country’s congressional legislators, the ones that are supposed to be working for us all, busily helping them get richer and richer, as fast as they can.


* (Disclaimer. The remarks that appear here are not only political, they are partisan. In this case, I’ve specifically named the Republican Party as the guiltier ones here, but I don’t want anyone to think I am not aware that there are Democrats — in particular, let’s say, the Senate’s Oil Democrats who systematically whittled down the regulations that might have prevented the Gulf oil catastrophe and their Coal Democrat pals who have systematically destroyed a large part of Appalachian riverways and scenic beauty. — who are just as reprehensible. But those sins aren’t the ones I’m talking about right now.

(The sorrowful truth is that there are very few persons sitting in either the Senate or the House of Representatives — to say nothing of all the lesser state and local voting bodies in the country — who do not take money from lobbyists, in sums small and great, and do favors, again little favors or big, for those same lobbyists. We’ll have more to say about lobbyists in the near future.)

Dolly Parton

    Dolly Parton

 

“Ain’t nobody got so much money they don’t want all the money that’s coming to them.”

Dolly Parton