Warren Buffet...says Stop Coddling the Rich...GFB

Renana here Y'all. That's Tulsa, Oklahoma talk. I did not expect to work this hard in my first week. Are there any kitten labor laws?

Well the famous billionaire, investor, and all around good guy Warren Buffet has had far too many Cherry Cokes. He recently pronounced that mega-rich have been paying to little in taxes "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."


In a recent Op Ed piece in the NYT Warren opines statements such as: 

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.

Since 1992, the I.R.S. has compiled data from the returns of the 400 Americans reporting the largest income. In 1992, the top 400 had aggregate taxable income of $16.9 billion and paid federal taxes of 29.2 percent on that sum. In 2008, the aggregate income of the highest 400 had soared to $90.9 billion — a staggering $227.4 million on average — but the rate paid had fallen to 21.5 percent.

The gist of all this is that the personal income tax on the super rich should be increased to be equitable to that on the less rich, implying that the goal is to get everyone to pay their fair share. Of course this is a subjective pursuit and does not address the problem of what the money is being spent on is not giving a return. Items like education, infrastructure, less regulations, energy, continue to be be unfulfilling. Sorry Warren before I turn the post over to the Sharks let me say in closing "shared sacrifice", GFB.

Thanks Renana,

Following up the WSJ article, Would Taxing the Super-Rich Raise Much Revenue? points out that we have a debt problem so large that the rich's money will not make a noticeable dent.

The Patriotic Millionaires, a group advocating the repeal of the Bush tax cuts on tax filers making $1 million or more a year, estimated that their plan would raise $500 billion to $600 billion over 10 years. That sounds like a lot.


But only $100 billion of that is projected savings from lower government debt costs. So the tax would actually raise $40 billion to $50 billion a year: equal to about 3% of the annual federal deficit.

This is of course smoke and mirrors; what does this $50B matter to an annual deficit of $1.5T? Sharky&Sharky affirm nothing. Going further what does $50B mean to the unfunded liabilities of $60 to $70 trillion in the decades in the future. Less than nothing.

However all of the above misses the point. The point is maximizing liberty and whenever government gets bigger i.e. gets more money it takes on activities that extends it controls over its citizens. This Warren is the problem. The government should pay its debts and live within its means and not get more money from any of its citizens.

Introducing Renana...Who is Introducing Raton

Hello, my name is Renana, I am a Sand Cat as you can see by outstanding fine features I am first a feline and secondly a female. If you want to see me strut my stuff go to zooborns.

However moving on, the reason I have been brought onto the Sharky&Sharky staff is provide some character, credibility, and definition to Sharky&Sharky GFB (gimme a fucking break). The reaction that you should have toGFB is in sequence observe, shake your head, and conclude people are really fucking stupid and there is nothing that can save some. However there is no reason for you to join them and die along with them.

Enough about me and philosophy. Let me earn the measly scraps that Sharky&Sharky pay me. I want to introduce you to Make My Day Raton. Raton means mouse in Spanish.

Hey! Raton is that a mouse in your pocket or are you just glad to see me.

Now stick with me on this; lets follow the DailyMail version of the story. Raton is a KILLER Bull. He comes to the festival in Valencia with two notches on his horns. Yep you are getting it. Raton has already killed two of your precious human beings and his value lies in killing a few more. You got to love those Hispanics. The gentleman standing on the table is trying to answer Raton's provocative question, "Do you feel lucky?". As the video shows; well you watch:



Renana believes that the gentleman kept mouthing off. Raton has very short fuse, as the next three photos from the Daily Mail demonstrates.

The White Blob on the head of Raton is the man from the table

This is Raton's favorite coup de gras "The Goring"

Raton is inquiring, "Anybody else want a piece of this"

Aren't you speechless? What can you say? What was there not to understand? Raton is called a Killer Bull. He now has 3 notches in his horns. Aren't you feeling helpless? Do you feel your desire for kinship with humanity ebbing? This poor fool was one of yours and all one can say is GFB! Well you can add "RIP you dumb ass".

Tea Party is Our Jersey Wall...Rush you are wrong

For the last several days Sharky&Sharky has listened to the political commentators/pundits such as Rush and Hannity proclaim that the Tea Party should not have approved the last debt ceiling increase. According to them, whatever Republicans voted for debt ceiling increase bill with its debt reduction dictums and panel recommendations are to be interrogated and critized. To Sharky&Sharky it is pointless at this time to repeatedly hashout whether or not the debt ceiling should or should not have been approved, the point is that after this initial skirmish the Tea Party backers should not complain and moan about the booty they did not achieve. They should reconnoiter and determine how to strategize for the next election in order to gain more seats in both Chambers of Congress, thereby increasing their gains the next time. Currently the commentators are like little league coaches who degrade their team for losing in first game of the Williamsburg World Series. These debates will only serve to discourage the team and more people from joining the Tea Party and participating in the on-going policy revolution.

The Tea Party is currently being called terrorists and hostage takers by Democrats. Since the Tea Party has not displayed any turban bombs and the use of hostage is quite a stretch, in that the only item held hostage was a poor-ass repayment plan for a deficit -> debt that we the citizens of the US can not pay.

Sharky&Sharky is saying that the effort and yes, the current rhetoric should not be a critique of what Tea Party did not achieve or the deals that could have been struck or the confusion in the Republican ranks. All new efforts should be applied to developing and deploying strategies to win the next elections which are necessary to continue the management and the reduction of the US debt. If this is not done then we will fall prey to Nobel Prize winners like Paul Krugman

And thanks to that deficit obsession, government, which could and should be supporting the economy in its time of need, has been pulling back.

From this we should infer from Krugman that more debt is good and the another stimulus is the solution to the failing economy. Sharky&Sharky say "of course not". What is the difference between giving houses to people that cannot afford them and giving money to industries that will not be able to repay the loan. In either case financial ruin is inevitable. The government focus for industry should be the removal of regulation and the demand for more innovation (the enemy of unions).

Both Bachman and Romney were against the debt deal.  Let us not waste time with these discussions either. That is history. Their entire effort now as presidential candidates should be to move the debate to debt reduction plans such as the Penny Plan (or getting Dave Ramsey to leave his ministry for a few years such that by 2019 we can proclaim We, the US, are debt Free. This is possible with the Penny Plan. Or they should back Cut, Cap and Balance.

With the US debt being down graded by S&P from AAA to AA+ ( you remember them, they said nothing while the Fannnie, Freddie and Ginnie trailblaze the US debt path from 2009 to 2011)

Who will guide us back to slovency? Maybe Barry's ghetto thinking that debts do not have to be paid... or Krugmann's Nobel prize winning thinking that the government should provide much more in Stimulus? Sharky&Sharky think neither of these will help. By the By China is now issuing demands:

"China, the largest creditor of the world's sole superpower, has every right now to demand the United States to address its structural debt problems and ensure the safety of China's dollar assets," Xinhua said.

Sharky&Sharky state that step by step process and plodding led by the Tea Party is the way back to slovency. The first step is stop the inward criticism (listen up Rush, Hannity, Bachman, et al.), the second step is build a strategy that gets the US back to solvency in the next 8 to 10 years (take a hard look at the Penny Plan), and finally promote debt repayment strategy and elect people that adhere to and improve the solvency strategy. The Tea Party should become our country's Jersey Wall that leads us back safely to solvency and fiscal responsibility.

Sharky&Sharky©

General Pickett Obama Leads US to Annihilation

Aristotle makes it clear that purpose of good government is to provide an environment in which the citizen can become the best that he can be, that he can envision, and that he can achieve, namely the fulfillment of his reason. This opposite of enslavement.  Looking at Obama's administration and the current Congress, both chambers, on is reminded of futility of Pickett's charge. We are being lead not to fulfillment but to death.

In the Discourse on Livy, Machiavelli states that the removal of weapons from its citizens ensures the short life of a republic. Sharky&Sharky add to Machiavelli by stating that the removal of money and wealth from the republic's citizens ensures the collapse of liberty into statism. This wealth can be removed by taxation and devaluing the monetary system.

Make no mistake in interpretation! We are under the command of General Pickett Obama. We are led by a madman who is informed by a conflated Ghetto mentality of not repaying debts while incurring new deficits month after month is a good. This was the way he was raised. However he is only the most latest and most expensive in a long line of US leaders who believe that destroying the republic's private wealth is the path to social justice.

Both Houses of Congress refuse to admit that none of their plans or proposals being ping-ponged from chamber to chamber will reduce the deficit or the debt. All the while, the General presses us, the citizens, forward to dismemberment, enslavement, and annihilation. We are becoming entangled in a ever-tightening web of statism, which chokes off liberty. None of the Congress' budget proposals address the automatic 7%baseline increments that ensure that the government's budget goes up every year by law. This makes it very hard to understand the Reid or Boehner's cuts. Are they talking about cuts to the baseline increments required by law or a reduction to actual monies received year after year? Sharky&Sharky have no doubt that the cuts if there are any at all are applied after the automatic projected baseline increments. Read Rush on this topic.

The entities that speak for liberty such as the Tea Party, or Michelle Bachman, or Paul Ryan or Rand Paul are all ridiculed. A proposed solution that will keep us free such as  Cut, Cap, and Balance from Congressman Jim Jordan et al. is declared DOA by Harry Reid.  Why? It will lead to freedom with a Constitution Amendment that requires that the US Government balance its budget, thereby freeing the citizentry from the choking web of statism.

Another approach is Connie Mack's Penny Plan. This plan says that within 8 years not 15 or 20 plus years the web of statism will be broken:

1. Cutting total federal spending by one percent each year for six consecutive years,
2. Setting an overall spending cap of 18 percent of gross domestic product in 2018, and
3. Reducing overall spending by $7.5 trillion over 10 years

Citizens must rebel against General Pickett Obama and cry out against the enslavement that results from financial ruin which will inescapably leads to the death of our vivere libero.

©Sharky&Sharky

NAGS Nag Saudi Arabia

The National Association of Gals, hiding behind the skirts of 14 Congresswomen, have made their feelings known regarding King Abdullah and the Kingdom prohibiting women from operating automobiles.

Led by the loudmouth from California, Barbara Boxer, the Congress women proclaimed; "The prohibition of women driving motor vehicles, even in cases of emergency, makes it impossible for citizens to exercise a basic human right." Further, the correspondence to King Abdullah, by the gang of fourteen, went on to say "We strongly urge you to reconsider this ban and take an important step toward affording Saudi women the rights they deserve."

Interesting. Now driving is considered a right by these busy bodies. Seems they trumpet a different horn when they are meddling in another sovereign state's affairs. These same know-it-alls tell the citizens of the U.S. that driving/operating a motor vehicle is a privilege - NOT a right.

Sharky&Sharky feel they should keep their collective mouths shut when it comes to other countries religious beliefs. Freedom of religion is a right and the ban stems from restrictions interpreted from the Wahhabi traditions of Sunni Islam.

Maybe the Saudis know something the rest of the world does not.

The following occurred in Monte Carlo yesterday when three (dumb?) blondes were attempting to operate a very manly Bentley Azure ($363,000 worth of manly). They managed to crash into a: Mercedes Benz S-Class, Ferrari F430, Aston Martin Rapide and Porsche 911.

Watch Out Saudi Arabia

©Sharky&Sharky  

Amy....Whatcha Gonna Do

The talented and troubled Amy Winehouse was found unresponsive in her home in north London over the weekend. People are found in this condition daily. So what makes Amy different?

Beautiful Amy

The old "Sex, Drugs and Rock and Roll" mantra, popularized in the late '60's and '70's, has claimed another potential musical wonder. Sad.

Ms. Winehouse possessed a unique style which combined elements of Jazz, Soul and R&B and belted out her vocals with a sultry contralto voice. Her artistry was as obvious as it was fascinating, no doubt somewhat enhanced by her private life off the stage. She won five Grammys in a single night for her 2006 album Back to Black including: Best New Artist, Song of the Year and Record of the Year.

In 2007 she won Best British Female Artist and was nominated for Best British Album.

Amy had talent in Spades - maybe too much talent. Shooting stars burn out and explode. Some sooner than others.

Before...And....at 27

 
They should have made you go to rehab; I said Yeah, Yeah, Yeah.

©Sharky&Sharky 

GIrls cannot sell Lemonade...GFB

This story is so fucking stupid that Sharky&Sharky just lifted it from the AP verbatim: Police in Georgia shut down girls lemonade stand:  

Police in Midway Georgia have shut down a lemonade stand run by three girls trying to save up for a trip to a water park, saying they didn't have a business license or the required permits.  Midway Police Chief Kelly Morningstar says police also didn't know how the lemonade was made, who made it or what was in it. The girls had been operating for one day when Morningstar and another officer cruised by. The girls needed a business license, peddler's permit and food permit to operate, even on residential property. The permits cost $50 a day or $180 per year. One girl, 14-year-old Casity Dixon, says the three had to listen to police and shut down. The girls are now doing chores and yard work to make money.

Of course we all know how many people have died of neighborhood lemonade poisoning. Thus Chief Morningstar is just protecting the people of Midway, Georgia. The WSJ has the video from FOX


Play it again so that you can see that humdinger of a police car cruise on in.

If the girls were illegals, Sharky&Sharky do believe that they would be still selling lemonade (with no idea of what is in it) under some unchallenged illegal's rights privilege. Where are the Righteous Reverends, Jackson and Sharpton to megaphone/speak up for the girls rights? Where are the white reverends who will speak up for the girls' right to capitalism?

Cassity and the rest of girls do you hear the same silence that the Sharky&Sharky hear? Guess there is no one that will speak up for you. Sharky&Sharky say this to you...Remember this sell out of your rights. Remember this excess of regulatory compliance. When you grow up what will you do...remove this excess of regulatory compliance? Heavens No! Do like the big boys and girls do. Payoff the officials and regulators so that they will figure a way for you to be compliant no matter what the law and moral decency affirm.

Sharky&Sharky©

The Eyes Of Texas Are Upon You

Sharky&Sharky hate to belabor example after example of the total collapse of the public education system in the U.S., but feel we must continue to report the more egregious examples of the sham that passes for our government's supposed concern for our "children's future."

Texas' Council of State Government's Justice Center (can ANYBODY explain why this country needs crap like this?) has now admitted that the "Zero Tolerance" policy concerning the expulsion and suspension of students for the least infraction has been an abject failure. It has simply produced a generation of expelled/chronically suspended students.

Students have been expelled for, among other things, bringing aspirin to school. The result of "zero tolerance" has produced the following:

60% of Texas high school students have been expelled at least once

15% have been kicked out of class eleven or more times

83% of black students have been expelled at least once

The overwhelming majority of these disciplinary actions were for non-violent offenses and taken by school "administrators" - not the police. (Sharky&Sharky think that maybe an "I" was left out of administrators)

What can be gleaned from this nonsense?

Texas' Public School Police Force (are you kidding us?) has grown out of control and disproportionately with respect to student population - even when the number of teachers, coaches and other educational positions have been declining.

Fascism is just around the corner.

©Sharky&Sharky

Chitty Chitty Talibang, Bang

Kabul, Obamastan

Today, Ahmed Wali Karzai was gunned down by one of his own security members who had been guarding the half-brother of President Hamid Karzai for the past eight years. The gunman, Sadar Mohammad, led Karzai into an adjoining room away from other members of the Provincial Council and proceeded to shoot him dead. Mr. Mohammad was then shot dead by other guards in the employ of Ahmed Karzai.

What Mr. Karzai May have Looked Like Right After The Shooting

Not surprisingly, the Taliban immediately claimed responsibility for the shooting. Hard to interrogate a dead assassin.

The commander of U.S. and Nato forces in Afghanistan, Gen. David Petraeus, in his most generally fashion, offered his condolences and said the ISAF would help Afghanistan "bring justice" to those responsible for the killing. Sharky&Sharky thought the U.S. was already doing just that to the tune of a cool ~$2.5 Billion per week. Oh well, another couple a million bucks a week couldn't/won't be missed.

It is interesting to note that Mr. Ahmed Karzai, according to numerous sources and substantiated by cables made public last year by Wikileaks, is believed to be a major drug dealer. One U.S. diplomat went so far as to say Karzai "is widely understood to be corrupt and a narcotics trafficker." The same diplomat went on to say that dealing with people like Mohammad Karzai is a major challenge as fighting corruption and building support is difficult when the people you are dealing with are corrupt themselves. Sounds a lot like conditions in the U.S.

Let's hope Gen. Petraeus' concern for justice is not due to the money which flows through places like Afghanistan and funds secret government programs both foreign and - wait for it - domestic.

©Sharky&Sharky

No Teacher/Adminstrator Left Behind

One of the many lost "wars" America has fought is the war on stupidity. From the highest reaches of the country - 1600 Pennsylvania Avenue - to the lowest - almost any public school system - America has not only lost the war but is paying reparations to the entire world for it's misguided folly.

Once, the U.S. was considered and rightfully so, the  preeminent global leader in the education of it's future generations. Somewhere the train derailed when it became known that public eduction could be used as a tool to gain and retain political power. Once this discovery was made, the goal no longer was to educate but to obfuscate and dissimulate what paraded as public education. This publicly accepted affront was accomplished through, among other things: iron clad teacher and administrator collective bargaining (union) deals, slick politician's sales jobs and the assurances by elected officials that all children, regardless of intellectual capability, would happily receive and respond to revised educational techniques.

No longer were reading and writing and arithmetic taught to the tune of a hickory stick - they weren't, for the most part, taught at all.

This "new approach" to eduction was embraced, by in large, by the voting public for many years. As long as the U.S. economic engine continued to chug along and keep America in front of the rapidly increasing economic gains of foreign countries - everything was fine and dandy. It seemed our children were positively responding to the latest educational changes. Just look at the newly accepted test score results. SAT testing, considered racist by many, was no longer a "true" measure of a child's public education. Replaced by new tests, which more accurately determined and showcased the efforts of teachers everywhere.

Recently, it became known that public school teachers and administrators in Georgia, specifically Atlanta, engaged in and admitted to what is being called "educational cheating." The equivalent of child abuse of the highest degree. The extent of these series of crimes is not completely known at this time. What is known, is that the scope of these crimes and the conspiracy that they represent are huge.

Once again this country has been cheated by the very same people we elect to lead. However this time, the theft is the theft of the future for those children affected. They have not been "left behind." They never mattered in the first place.

©Sharky&Sharky