Posts Tagged ‘Opinion’

“Fight Against Stupidity And Bureaucracy”

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A few weeks ago I wrote a post that I called “Why are the bureaucrats destroying what made America great?” (if you want to refer to it please click here

In it I posed the question as to why a self-defeating wealth-distributing philosophy is taking the place of the business-friendly environment that America is famed for and that made it the wealthiest nation on Earth. And why the bureaucrats are trying to make it increasingly more difficult and expensive for businesses to operate in the US rather than offering more incentives and encouragement.

drop business incentive programs

The example I gave in the previous post was the huge pharmaceutical corporation called AbbVie, which was relocating from Chicago, Illinois, to Europe and thereby effectively cutting its tax bill in half – a significant saving when you are generating billions of dollars in revenue each year.

Now the latest corporation to show its frustration with the way things are deteriorating in America is the Miami based fast food giant Burger King. It is currently in merger talks with Canadian coffee chain Tim Hortons, in a deal that would allow Burger King to relocate out of the US with a view to trying to cut its “big whopper”  of a tax bill too.

Since the new company would be headquartered in Canada, Burger King would no longer be liable for punitive US taxes which are now regarded as the highest among developed economies.

It’s another high profile example of what is called an ‘inversion’ deal, a strategy that allows US firms to lower their tax bills by merging with a foreign company, and then relocating to the new country.

tim hortons logo

The Obama administration’s response has been predictable  –  cry foul, say it’s not fair, and tell these corporations to forget about the best strategy for their business and just wrap themselves in the Star Spangled Banner.

“My attitude,” the President declared in July, “is I don’t care if it’s legal — it’s wrong.”

It’s great to love your country, but it’s tough when the government of your country doesn’t love you back! And it will take more than bogus emotional claptrap to change the minds of hard-headed businessmen.

What Obama and his henchmen should be doing is asking themselves why it is happening and what THEY are doing wrong that makes these giant wealth creating corporations want to get out of America as fast as they can.

But they won’t do that.

That would make sense –  and sense is the last thing that the bureaucrats want to apply to any situation.

So they’ll continue to spend money they don’t have, on things the country can’t afford and probably doesn’t need, and then pass the bill on to the tax payers.

Their short term solution to these corporate inversion deals will be to try to legislate to make them illegal. Good luck with that, I have never seen legislation drafted by an idiot bureaucrat that a team of top corporate lawyers couldn’t drive a coach and horses through.

So rather than stopping the exodus, it’s more of a question of what will be the next corporation to leave???

drive a coach and horses through

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“Fight Against Stupidity And Bureaucracy”

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I hate to have to say “I told you so” (actually I love it), but in last week’s Sunday Sermon I was on a well worn theme of mine, the blundering stupidity of American foreign policy – if you can even call it a policy. Particularly the current American lust for getting involved in the turmoil in the Ukraine. (If you want to recap, click here…)

Russia Ukraine map

I offered the theory that it was not unreasonable for a Russian leader like Putin not to want a fully nuclear armed Ukraine as anything other than an ally on his doorstep. And to try to clarify the position from his point of view I used the example of how America reacted (rightly) when the Russian leader of the 1960s, Khrushchev, tried to do the same thing in Cuba – right on America’s doorstep.

Well, I can’t take a great deal of credit for what happened next. It was an obvious consequence of American interference in Ukraine. Obvious to everyone that is except the morons in Washington.

Yes, Valdimir Putin paid a visit to Cuba this week.

Putin Castro

His message could not be clearer, again to everyone except the Congress, Senate, White House, State Department, and the rest. For their benefit rather than the readers’, Putin’s message is simple  –  if you want to **** in my back yard, then I can **** in yours too.

The Cuban economy is in dire straits. The Russians have already forgiven the substantial multi-$billion debt owed to them and will no doubt follow that up with a new infusion of money to help the country out.

The smart move for America would be to immediately end the now pointless economic embargo of Cuba (the desk drawers of the hypocrites in Washington are full of boxes Cuban cigars anyway!) and open up new friendlier relations. I think America would be surprised just how amenable the Cubans would be to better relations with them.

Box of Cuban Cigars

But they’d better act fast.

If they adopt their usual short-sighted warmongering posture, then Russia’s influence will only get stronger and its presence ever closer to American shores. I don’t think anybody wants that outcome.

So come on America, do something smart this time.

The world is watching!

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“Fight Against Stupidity And Bureaucracy”

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It’s an interesting question.

But worry not, I am not going to try to sell you an insurance policy nor even recommend one.

Quite the reverse in fact.

Many people have some kind of life insurance for the financial protection of their families if they should be unfortunate to pass away unexpectedly.

It is usually for enough money to pay off the mortgage with a little left over to provide some kind of income for the wife and kids.

At least that’s how it should be.

dead peasants indursnce

But there is a growing trend for employers to insure their employees. A nice gesture you might think at first. Until you find out that the beneficiary of the insurance would not be the survivors or estate of the insured employee, but the corporate pension plan!

It is unofficially known as “dead peasant” insurance, and hundreds of corporations have already taken out policies worth hundreds of billions of dollars, on thousands of employees, providing companies with a steady stream of income as current and former employees die  –  even decades after they have retired or left the company.

And new “dead peasant”policies worth at least $1 billion are being put in place every year!

Unsurprisingly the greedy money-grabbing banksters are especially fond of the practice. Bank of America’s policies have a cash surrender value of at least $17.6 billion; Wells Fargo’s at least $12.7 billion; and JPMorgan Chase at least $5 billion, according to filings with the Federal Financial Institutions Examination Council.

corporate greed

Of course the tax-men are to blame too – aren’t they always? – because so-called company-owned life insurance offers employers generous tax breaks. For example, company-paid premiums are tax-free, as are any investment returns on the policies and the death benefits eventually received. Although having said that it has to be admitted (grudgingly) that the I.R.S. has taken companies including Winn-Dixie and Camelot Music to court for using such policies as tax avoidance schemes.

Many people faced with a request from an employer to consent to such a policy are too afraid not to comply in case it affects their job or promotion prospects. They shouldn’t be because that would probably be illegal as well as unethical. Class-action lawsuits against several companies with such policies are already underway or have been settled. Several companies, including Walmart, settled the suits, paying millions to low-ranking employees who had been covered.

So if you are uncomfortable with the thought that your company might profit from your death, don’t sign up.

And as for the corporations? I’m as fond of making a few bucks as the next man, but you have to draw a line somewhere and I think corporations should be content with the contribution their employees make to their company profits when they are alive, instead of conniving to profit from their deaths also.

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“Fight Against Stupidity And Bureaucracy”

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In case you hadn’t guessed from the title, it’s Pun Day again.

Another selection of great jokes or terrible jokes depending on your point of view.

So get those groans ready.

Enjoy or endure!

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rofl

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The time will never be wrong.

Not on my watch.

Omega watch

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I used to live in a normal house,

but then steps were taken to make it into a bungalow.

Bungalow

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My dog has just eaten my entire James Bond DVD collection.

Luckily I managed to beat The Living Daylights out of him.

The Living Daylights

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I got an answering machine today but I think it’s broken.

I’ve asked it loads of questions and nothing’s happening.

answering machine

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My wife lost her Tampax and got really angry.

I hate it when she loses her rag.

Tampax

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I’ve finally remembered the word that

I’ve been thinking about for two weeks.

It’s ‘fortnight.’

fortnight

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Me and my mate are having a competition

to see who can steal the most dog related stuff

from next door’s house.

I’ve just taken the lead….

DOG_LEAD

 

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They call me Mr Rhetorical.

Can you guess why?

Rhetorical question stems

I’m looking to start up my own business,

recycling discarded chewing gum.

Just need help getting it off the ground.

discarded chewing gum on sidewalk

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My whisky kept going missing so I confronted the wife.

She told me that the guilty party was the family dog.

I found it staggering.

drunk dog

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I lost my job today because I said the office is full of assholes.

Bit of an overreaction to my opinion about a TV program I think.

the office

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What’s black and gets abused 24/7

on social networking sites?

Punctuation!

Punctuation

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I’m a much better fighter now that I have a blackbelt.

I was hopeless when my trousers kept falling down.

trousers kept falling down

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Shopping for antiques won’t make you gay,

but it will make you buy curios.

Shopping for antiques

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A lady at the supermarket asked me if I’ve ever drunk orange juice with pulp.

I said, “No, but I once had coffee with The Bluetones.”

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“Fight Against Stupidity And Bureaucracy”

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The Sunday Sermon

You know there is something very wrong with your society when it allows vociferous minorities to dictate how the majority of people are allowed to live their lives.

They still call it democracy, but it is not.

And it is happening more and more in Western nations, particularly America and Europe, and affecting more and more areas of our lives.

The reason it happens is not because loud mouth minority interests demand this or that or the other, but because the majority have lost any backbone they ever had and capitulate in the face of almost every demand, no matter how nonsensical.

It never works the other way because when Westernere go to other countries we abide by the rules of that nation. We do not try to impose our beliefs on them, not nowadays anyhow.

For example, if I end up in a Muslim country where alcohol is not permitted, I respect their laws and don’t drink alcohol. Similarly, if I want to visit Israel, I’ll eat kosher. Or if I go to India I won’t demand that they slaughter a sacred cow just so as I can have a juicy steak!

We’re on the subject of food and drink because the latest to buckle under is the fast food chain ‘Subway’ in the United Kingdom and Ireland. (Watch out, you’re next America!)

Because of the demands of a few within the Muslim community, Subway has chosen to ignore the wishes of the great majority of its customers and has removed ham and bacon from nearly 200 of its stores.

The meats that they still serve are also to be Islamic hal-al only.

Subway hal-al

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In case you don’t know, hal-al is not the Israeli national airline (that’s El Al), but is a specific way of slaughtering animals for human consumption.

Traditionally in halal abattoirs the throats of the animals are cut while they are fully conscious – an act many campaigners say is inhumane and needlessly cruel – whereas in non-halal abattoirs, livestock are stunned before killing to prevent any unnecessary suffering.

So if you are in the UK or Ireland and looking for any of the following “Subs” you are in for a disappointment.

Chicken and Bacon Ranch Melt  –  BANNED!
Steak and Cheese  –  BANNED!
Meatball Marinara  –  BANNED!
Subway Melt – ham, bacon, turkey breast and cheese  –  BANNED!
Italian B.M.T. – pepperoni, salami and ham  –  BANNED!
Spicy Italian – pepperoni and salami  –  BANNED!
Chicken Avocado  –  BANNED!
Mega Melt – bacon, sausage, egg and cheese  –  BANNED!
Sausage, Bacon, Egg and Cheese  –  BANNED!
Sausage, Egg and Cheese  –  BANNED!

As regards me personally, it’s Subway that is in for the disappointment, because I’ll be deliberately missing them the next time I get hungry enough for some fast food.

I fail to see why I should support a company like Subway for whom my tastes, as part of the majority of its customers, means nothing.

So well done Subway, you’re stock value should be heading the sub way too if you continue to show contempt for your core customers who made your company what it is  –  er, make that, what it was.

Now where did I put that Burger King menu???

Burger King logo

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“Fight Against Stupidity And Bureaucracy”

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Don’t worry folks, I haven’t started a new award or competition on the fasab blog.

But if I did, and we had to choose a ‘Twat Of The Year’, way up front in the running would have to be US Secretary of State John Kerry.

 

US Secretary of State John Kerry

Although he looks as if his feet are a decent size, he can still manage to get them both in his mouth at the same time, as he frequently demonstrates.

And he’s just done it again.

The latest Kerry blooper came amidst a glad-handing and candle lighting visit to the Ukraine.

Frustrated in their attempts to get bogged down in Syria, Obama and his front-man Kerry are intent on interfering somewhere in the world.

The Ukraine, in particular the Crimea region, just happens to be the most convenient at the moment.

As with other parts of the world, they have no business being there or interfering. And they know it.

But Obama’s ego took a battering from the positive impact Russian leader Putin made over Syria, so now he thinks this is his opportunity to get his own back.

That’s not a good reason to interfere. And they know that too.

The whole thing is made even worse when you listen to the justifications coming from John Kerry.

Apparently the very best that Obama’s regiment of political analysts and script writers seem to be able to come up with is that Russia’s recent actions in the Crimea were taken on a completely “trumped up” pretext. 

Whooaaah!

Say that again.

In an interview trying to justify his alleged outrage at what Russia was doing, Kerry said,

“you just don’t, in the 21st century, behave in a 19th century fashion by invading another country on a completely trumped-up pretext.”

It was toe-curlingly awful.

Correct me if I am wrong, but wasn’t that EXACTLY what President Bush and his accomplice Britain’s Tony (Liar) Blair did when they invaded Iraq on the totally untrue  – that is, “trumped-up”, reason that Saddam Hussein had Weapons Of Mass Destruction? WMDs that were never found and in fact never existed.

Apparently Mr. Kerry wasn’t paying attention during the preamble to the Iraq invasion that turned into an unmitigated disaster for all concerned.

Yes John, you’ve got yourself a good lead in the ‘Twat Of The Year Award’ contest.

You’re going to be hard to beat this year!

Iraq Libya Syria Ukraine

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“Fight Against Stupidity And Bureaucracy”

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The Sunday Sermon

Bankster pyramid of greed and corruption

They say rats squeal when they are being hunted and nearing capture and they’re right.

None more so at present than the rat banksters and nowhere more so than on Wall Street. If you listen carefully you can hear them squeal even above the noise of the New York traffic.

And the reason for the squealing?

Only that federal authorities are at long last closing in on some of the worst culprits whose greed and contempt for their clients caused the financial crisis we have all be suffering from during the past decade and more.

But before you start clapping the feds on the back, let me say it is too little and too late. None of the banksters are likely to face jail sentences which is what they deserve for their crimes against the people.

Foreclosure-Homes

However, it is something and these days that’s about the best you can hope for.

In terms of the numbers, the banksters are facing fines of something in the region of $63 billion.

Wow, listen to them squeal!

It seems like a lot of money – and it is a lot of money, it could keep all of us blogging away happily for the rest of our lives and then some. But put in the context of what the banksters defrauded their clients out of and what they lost it is just a pittance.

Putting the figures into context, J P Morgan Chase’s $13 billion mortgage settlement in November was probably some kind of record, but they issued more than $460 billion in mortgage securities.

To illustrate it in numbers people can relate to better, that’s like a thief stealing a thousand dollars from you and getting away with it if he paid you back $28.

I bet the amount of the settlement doesn’t seem so big now. Nor is it commensurate with the size of the crime. But that’s what they’ll probably get away with. And they’re not even grateful for this small smack on the wrist, hence all the squealing.

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