All I Want For Xmas Is To Reform Congress

Warren Buffet recently offered a great perspective regarding the debt ceiling:

“I could end the deficit in five minutes,” he told CNBC. “You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election. The 26th amendment (granting the right to vote for 18 year-olds) took only 3 months & 8 days to be ratified! Why? Simple! The people demanded it. That was in 1971…before computers, e-mail, cell phones, etc. Of the 27 amendments to the Constitution, seven (7) took 1 year or less to become the law of the land…all because of
public pressure.”

Warren Buffet

Given the connections created through the Internet, it shouldn’t take long for everyone in the US to read and get behind this concept.

*Congressional Reform Act of 2011*

1. No Tenure / No Pension. A Congressman collects a salary while in office and receives no pay when they are out of office.

2.  Congress (past, present & future) participates in Social Security. All funds in the Congressional retirement fund move to the Social Security system immediately. All future funds flow into the Social Security system, and Congress participates with the American people. It may not be used for any other purpose.

3. Congress can purchase their own retirement plan, just as all Americans do.

4. Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%.

5. Congress loses their current health care system and participates in the same health care system as the American people.

6. Congress must equally abide by all laws they impose on the American people.

7. All contracts with past and present Congressmen are void effective 1/1/12. The American people did not make this contract with Congressmen. Congressmen made all these contracts for themselves. Serving in Congress is an honor, not a career. The Founding Fathers envisioned citizen legislators, so ours should
serve their term(s), then go home and back to work.

What this act would suggest is that congressmen and women are part of our society, not above it. How can they manage a health plan, pension or social security, when they do not participate in the model? How can you understand the fear and uncertainty regarding the job market when you sign on to a gravy train?

Probably a great guy to hang with in a cafe

My favorite line is: Serving in Congress is an honor, not a career. It is an honor to be entrusted by the people with such responsibility. It is time Congress acknowledged and respected this honor.

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Alon Shalev is the author of The Accidental Activist (now available on Kindle) 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).

 

Warren Buffet – Tax Cuts

A couple of weeks ago, Warren Buffet wrote an article in the New York Times that struck a cord. He begins:

“OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.

While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks. Some of us are investment managers who earn billions from our daily labors but are allowed to classify our income as “carried interest,” thereby getting a bargain 15 percent tax rate. Others own stock index futures for 10 minutes and have 60 percent of their gain taxed at 15 percent, as if they’d been long-term investors.

These and other blessings are showered upon us by legislators in Washington who feel compelled to protect us, much as if we were spotted owls or some other endangered species. It’s nice to have friends in high places.”

Warren Buffet - very honest account.

The disparity of how much we all pay in taxes is incredibly annoying.  Again, Warren Buffet:

“Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.”

Class Wars

I agree with the Republicans. I don’t want to pay more taxes but i do want everyone to pay the same percentage. I fail to understand how so many people who define themselves as patriotic cannot see that they are hurting their country. The pride that people take, the money they throw at accountants to help them find every loophole, disgusts me.

The problem is that those who legislate for us tend to be a part of this higher income group, or rely on their donations to keep them in power, since it is money not actions that fuel this democracy. Warren Buffet acknowledges as much when he says: “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.”

The Majority Want Equal Responsibility

Who among the rich and the politicians would support paying the same percentage of taxes that I do? Probably only those who believe in their country and are patriotic. Sadly. wearing a flag pin on your jacket lapel is not enough.

Please Vote Today. Click Here

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Alon Shalev is the author of The Accidental Activist (now available on Kindle) 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).