August, 2004

Keeping Your Money and Making It Grow

The Bush administration (Motto: “Taxes are Evil”) has worked hard to return our Republican money to us where it belongs.  This retransfer of wealth can be illuminated by the Census reports.  The Census Bureau reported that the number of Americans living in poverty increased by 1.3 million in 2003, while the ranks of the uninsured swelled by 1.4 million.  This great change for good was even more dramatic for non-voting children. There were 13 million kids living in poverty in 2003, or 17.6 percent of the under-18 population. That was an increase of about 800,000 from 2002, when a mere 16.7 percent of all children were allowed to live in appropriately-earned free-market poverty.  The share of national income going to the bottom 20 percent of the population fell to the lowest level since the government began collecting the data in 1967.  This is proof positive that liberal New Deal handouts are slowly being erased.

President Bush reportedly earned $894,880, while Vice President Dick Cheney took in $36 million.  Both Cheney and Bush would get rather nice tax cuts under the president's tax relief plan.  According to the "tax calculator" on the Web site of the conservative Heritage Foundation, Bush would get a tax cut of $38,979 (just about an average family income for a year...In other words some lowly civil servant trying to support a family gets fired so Bush can get his tax bonus). But, hold on to your horses it gets better, it is estimated that Cheney's tax cut under the Bush plan would be more than $2.3 million.  Just imagine it, people like us and Cheney finally get to keep our millions instead of it going to some slum-dwelling low-life ghetto kids.

Check out these telling statistics from http://www.whitehouse.gov/fsbr/income.html about how good old George is keeping them down and making sure they know their place.

Per Capita Income

In June 2004, per capita real disposable personal income (at a seasonally adjusted annual rate) decreased $20.

Household Income

Median household money income in the United States in 2002 was $42,409, 1.1 percent lower than in 2001 after adjusting for 1.6 percent inflation.

Poverty

For the second consecutive year the poverty rate rose, from 11.7 percent in 2001 to 12.1 percent in 2002. The number of poor increased also, by 1.7 million, to 34.6 million poor in 2001.

Household Wealth

Median household net worth in 1995 was $40,200, a figure not significantly different from the 1993 median household net worth of $39,590 (in 1995 dollars).

But it is not just the poor folks that the Bush administration has targeted for the re-distribution of wealth back to us.  Upper-middle-class incomes have now been targeted for re-distribution after it was determined that those liberal college-educated upper-middle-class persons rarely vote for Republican candidates.  Two-thirds of the Bush income tax cuts for the 27 million taxpayers making between $100,000 and $500,000 in 2010 will be wiped out by the alternative tax.  That in turn makes the share of the total tax cuts going to us Republican millionaires in the top percent much larger.

Check out the progress being made in places like good ol’ Texas to get rid of government and corporate freebies like insurance.  You know how much a CEO can pad his expense account if he starts cutting out insurance?  Of course you do my Republican friends, but shhh keep it quiet.

Source: Kaiser Family Foundation

To increase wealth in the coming years we recommend the Perpetual War Portfolio.  http://www.rationalenquirer.org/features/portfolio/

About the PWP:  The Perpetual War Portfolio is an evenly weighted basket of five stocks poised to succeed in the age of perpetual war. The stocks were selected on the basis of popular product lines, strong political connections and lobbying efforts, and paid-for access to key Congressional decision-makers. 

The PWP includes Boeing, Northrop-Grumman, Raytheon, Lockheed Martin, and Alliant.  The perpetual war keeps money in the Industrial-Military-Complex where we can control it.  At the end of the Cold War the Peace Dividend was the Internet and dotcom boom.  Defense contracts dried up, so engineers started their own companies.  This allowed just any old person to become a millionaire.  Some of those new millionaires were not even from the right families, and many were even ethnic minorities.  This free-market capitalist re-distribution of wealth just had to stop, the money needed to get back under our control.  The perpetual war allows us to transfer money from current research and development consortiums and social programs to a few military companies that we control.

Freedom of Information Act Disclosure:   All the statistics and figures proposed on this page may or may not have been calculated by Cheatem & Steel Accounting Inc., a former Enron subsidiary.