Left Coast Voices

"I would hurl words into the darkness and wait for an echo. If an echo sounded, no matter how faintly, I would send other words to tell, to march, to fight." Richard Wright, American Hunger

Archive for the tag “pizza”

Join The Party

Left Coast Voices celebrates its third birthday this month. We are approaching 700 posts, have been viewed nearly 36,000 times, have over a hundred loyal followers, and have generally had a good time, offering our opinions without annoying too many people along the way.

What I enjoy about Left Coast Voices is that we attract people with a variety of views who can articulate their opinions. You can be a liberal but here that doesn’t mean you have to support everything about our president. Just because you are excited by the potential of the Occupy movement, doesn’t mean you agree with every action.

Our readers think. Our writers think. 

I want to take the opportunity to thank Roger Ingalls and Tom Rossi, who have become regular partners, tying up the Tuesday and Thursday slots. My only regret is that we have not hung out more often at Jupiters – micro-brewed beer, serious pizza, and great conversation. Norman Weekes has joined us on a less regular basis, but we are grateful for his contributions. You are always welcome, Norm.

I believe the diversity of writers is what makes our little community special. You never quite know what article or topic you are going to get and who is going to agree/disagree with whom.

I feel ready to offer up a slot to a fourth person. The criteria are that you write weekly (each contributor gets a consistent day: Tom – Tuesday, Roger – Thursday) and observe the three NOs – no racism, sexism, or homophobic comments. If you wish to write on a specific theme – gender, local grassroots, food justice, environmental, occupy etc., that would be great. If you prefer to choose a different topic each week, that works too.

I will teach you the mechanical aspect of blogging on WordPress and you will find a supportive team behind you. Along with the collaborative nature, there are other advantages. Left Coast Voices has its platform and following. We feed off each others followers  – you are not blogging for your mom and best friend (though they are both very important!). If you have a book or cause to promote in your signature, you are welcome to do so.

If you are interested, let me know in the comments below. If you have something to say, we can help you say it.

Have a great weekend, everyone.

Alon

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Alon Shalev is the author of The Accidental Activist and A Gardener’s Tale. He is the Executive Director of the San Francisco Hillel Foundation, a non-profit that provides spiritual and social justice opportunities to Jewish students in the Bay Area. More on Alon Shalev at http://www.alonshalev.com/ and on Twitter (@alonshalevsf).

 

 

 

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Would taxing the (super) rich a little more be fair?

Economists always talk about “margins” or “marginal this” and “marginal that.” What does this really mean and how does this concept apply to real life?

It’s like this: Imagine you’re ten years old and your mom brings you late for dinner on Tuesdays, after your little league practice. Your mean older brother has already eaten two of the pork chops (or vegetarian schnitzel, if you prefer) that your dad grilled on the barbeque and there’s only one left. Your brother wants it, but your parents intervene and give it to you. Was this a good decision?

It should be pretty obvious that it was. But why, exactly? In technical terms, the decision was a good one because you would get more “marginal utility” from your first pork chop than would your brother from his third.

What might be an even simpler food-based analogy is the good-old pizza story. How much satisfaction do you get from your second piece of pizza (after you’ve only eaten one)? Compare that to the satisfaction you get from your eleventh slice (after you’ve already eaten ten). Can you see the difference?

Getting back to economics, how much would the lifestyle of a multi-millionaire improve if he or she all of a sudden received an extra thousand dollars? How much would your lifestyle improve with an extra thousand? I’ll bet there’s a difference. That’s because the marginal utility of a thousand dollars is much higher for the average person than it is for a wealthy person. I think this example could be taken much further. I’m going to say that the marginal utility of $1,000 to the average American adult is much higher than the marginal utility of $100,000 to a multi-millionaire.

OK, are you ready for some fun? Let’s do some math! Let’s forget about millionaires. Most whine that they don’t “feel” rich anyway. Forbes Magazine says that there are 403 BILLIONAIRES (yes, with a B) in America, with a combined net worth of 1.3 Trillion dollars. That divides up to an average of 3.2 billion each. Do you think you could somehow get by on $100,000 per year? These people could “survive” at that level for 32,258 years on average without ever making any more money (not accounting for inflation which is predicted to be pretty bad starting in the year 8011).

My question is simple: What is the marginal utility of the third billion dollars out of $3.2 billion? How much does a person’s life improve if he or she has $3.2 billion versus a mere $2.2 billion? Does it enable a person to buy a third private jet, or a sixth summer mansion? What if that money were used to employ people to repair our nations aging and rotting infrastructure? That would mean over 8 MILLION jobs that would pay $50,000 for one year, or 800,000 jobs at $50,000 for ten years.

Now of course these figures are exaggerated somewhat. Some of that money would have to be spent on equipment, materials, etc. But I think the point makes itself. But here’s the kicker (and it’s a big one)… The billionaires would BENEFIT MORE from this scenario than they presently do by keeping that extra billion dollars. Why? Well, besides having better roads, water supply pipelines, sewage handling and treatment, and many other elements of the quality of life, there would be millions more people with the means to buy their products and services. In fact, the billionaires could probably recoup their “investment” (more or less) in just a few years in dollar terms, but the benefit to their country would outweigh that many times over.

So, I ask again: Would taxing the rich be “fair”?

-Tom Rossi

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Tom Rossi is a commentator on politics and social issues. He is a Ph.D. student in International Sustainable Development, concentrating in natural resource and economic policy. Tom greatly enjoys a hearty debate, especially over a hearty pint of Guinness.

Tom also posts on thrustblog.blogspot.com

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