Category Archives: BAB’s A List

Infernal Revenue Blues By Myron Pauli

BAB's A List, Barely A Blog, Ilana Mercer, Taxation

Barely a Blog contributor Myron Robert Pauli, Ph.D., says theoretical nuclear physics is far simpler than filing a US tax return.

As you enjoy the musings of BAB’s resident physicist, do consider a one-time contribution or a regular monthly contribution to BAB, without which you’d be bereft of Dr. Myron Pauli’s polemics. Read more about our pal and patron below. And do give generously. (The PayPal buttons are to your right). Our Myron is a genius, but he is no Sheldon Cooper when it comes to syntax. Posting a Myron piece means WORK for yours truly. Enjoy.

Infernal Revenue Blues
By Myron Pauli

This is the lovely time of the year where I get to file 12 tax returns – mine and my child’s and my late wife’s “estate” (which I had to take from my child and give back to my wife!) times federal and state times regular and estimated = 3 x 2 x 2 = 12. Lots of FUN!
Suppose you owned A shares of company B – and they spun off C shares of company D which then had stock splits (regular or reverse) making E shares which then acquired company F but subsequently merged with company G to now make H shares of company J with a payout of K from the merger. Calculate the capital gains tax! Think that is hard – what if the shares were in brokerage house L which became M and N and P? What if your deceased mother acquired some of the shares in multiple intervals over many years from since deceased brokerage house L? What if some of the companies had dividend reinvestment? Have you ever tried to find the 40 year old price of stocks that no longer exist? You don’t just need an accountant, you need an archeologist. I’ve done theoretical nuclear physics which is far simpler than this.
How about bonds? Some are subject to federal and state tax, some to federal but not state; some to state and not federal, some are double exempt. But what if it is a mixed-bond fund? And some which are exempt are subject to AMT – the “Alternative Minimum Tax”.
Ah – the AMT – designed in 1969 to catch a handful of “feeelthy rich” zillionaires with oil depletion allowances. For single people, the “feeelthy rich” start below $100,000 and no credit for dependents. I am a single parent with one child. What about single parents with 10 children – feeelthy rich, I suppose.
But “Saviour of the Poor” Obama is going after the tax loopholes! And what loophole is he after? Cash contributions to charity! Yessir, I give cash to the nefarious Salvation Army to give chowder to the homeless on frosty winters. The head of the Salvation Army earns under $100,000 – no doubt one of the feeelthy rich – and every cup of chowder consumed by the homeless takes needed revenue from Solyndra and their deserving lobbyists. And “conservatives” should be angry when I donate to frivolous fluff like the Paralyzed Veterans of America, and take away from such good deeds as dropping another cluster bomb on some Pakistani children.
And the “Fighters Against Big Government” Republicans? Well, half of them are trying to festoon the tax code with even more loopholes, and the others promote the Orwellian-named “Fair Tax” – a 30% sales tax on all spending. Such a draconian sales tax will necessitate the elimination of cash. It will not be sufficient for government to know my income and my investments – now they will have to know every dime I spend on socks, tuna, aspirin, and sex toys. Then picture what Nanny Bloomberg will do with the National Sales Tax – tax broccoli at the same rate as truffles? Bring on the lobbyists.
Benjamin Franklin said that nothing can be certain in this world except death and taxes. He failed to say which he feared the most!

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Barely a Blog (BAB) contributor Myron Pauli grew up in Sunnyside Queens, went off to college in Cleveland and then spent time in a mental institution in Cambridge MA (MIT) with Benjamin Netanyahu (did not know him), and others until he was released with the “hostages” and Jimmy Carter on January 20, 1981, having defended his dissertation in nuclear physics. Most of the time since, he has worked on infrared sensors, mainly at Naval Research Laboratory in Washington DC. He was NOT named after Ron Paul but is distantly related to physicist Wolftgang Pauli; unfortunately, only the “good looks” were handed down and not the brains. He writes assorted song lyrics and essays reflecting his cynicism and classical liberalism. Click on the “BAB’s A List” category to access the Pauli archive.

Uncle Sam: ‘The Greatest Purveyor Of Violence In The World’

America, BAB's A List, Family, Government, Individual Rights, Justice, Law, Military, Pop-Culture, Race, Terrorism, War

BAB contributor MYRON PAULI agrees with MLK, who said: “The greatest purveyor of violence in the world today–my own government.”

‘The Greatest Purveyor Of Violence In The World’
By Myron Pauli

“The greatest purveyor of violence in the world today — my own government” is the revered Reverend Doctor Martin Luther King Junior saw America. Well, we are now a country where millions go to the movies to applaud “terrorists” being tortured by the CIA which, apparently, enabled us to lynch Osama bin Laden (the “terrorists” do not deserve to be put on trial since our government tells us they are “guilty” and it is none of our business to ever question the government but just to shut up and applaud). We have a secret and unaccountable organization, the CIA (instead of our own military which has more accountability) conducting secret undeclared wars all over the planet. Some people objected when Nixon did this in Cambodia – rather that Nixon be hailed as a Prophet of what was to come. Gadhafi comes clean on his nuclear program so WE OVERTHROW HIM and scatter his forces into Mali where …. – “Good Golly Miss Molly” – now the “terrorists” are destabilizing Mali – send in the French and troops and airplanes and drones. Like a proverbial tube of toothpaste, it will probably spread to Niger or Mauritania or who-knows… – remember when Cambodia was a quiet neutral ignored country until the US and the Vietnamese Communists decided to use it as a battleground and 2,000,000 Cambodians later died?! Collateral damage!

Meanwhile, the Washington Post of January 11 told of how foreign governments and our own are cracking down on parents who want to adopt orphans from overseas. Yes, ostensibly there are rules to prevent foreign kidnappings – but 2 hours of investigation by a reputable orphanage should be sufficient. A couple spent $45,000 over 5 years and came up with no child! The Homeland Security Department made them submit their fingerprints twice because the first set of fingerprints “expired”! And the foreign governments use the children rotting in their orphanages as fodder for their own corrupt political aims. Any cretin can give birth, and any other cretin can have an abortion, but G-d help us from those evil people trying to adopt babies. They are now on the lookout for single parents, the obese, elderly, divorced parents, gays, or whatever. Imagine a kid being adopted by a single old fat divorced lesbian – call out the drones. Perhaps we should be thankful for abortion since it prevents these kids from being adopted?!

Nowadays, 55% of black American developing children get aborted, and 70% of the rest are born out of wedlock. Whites are lagging behind but gradually catching up. Naturally, we will be subjected to the 40th Anniversary “discussion” of that random exercise of Harry Blackmun’s stream-of-consciousness, “Roe v. Wade,” in spite of its irrelevance. Even if Utah could outlaw abortion, a woman could hop on the Greyhound bus to Nevada to dispose of her developing child. Additionally, it is highly dubious that a jury of 12 in any jurisdiction would ever convict when 65% view abortion as less morally objectionable than burping at the dinner table. Heck – just announce that the fetus is part of “Al Qaeda” and the audience will cheer! Kill, kill, kill!

But perhaps the aborted babies are not missing much. Any child born in America comes into the world owing $50,000 of national debt and about ten times that in promised obligations to current Americans. Government grows in secrecy while Americans are regularly spied upon. Prosecutors threaten a jerk like Aaron Schwartz with 180 years in jail for computer “crimes”, e-mails are read, due process of law is disposed of entirely, laws are passed without being read and subject to arbitrary “interpretations” by the executive. We can celebrate Martin Luther King day because instead of Lyndon Johnson conducting idiotic wars in far-flung places, we now have a half-African origin President conducting new idiotic wars in far-flung places. We can celebrate because thanks to technological advances, we can conduct new idiotic wars with less American casualties.

America has advanced to the point that a dark skinned American can now be “the greatest purveyor of violence in the world today” and even do it “on the cheap” – out of view from the public which focuses more on the phony girlfriend of some Notre Dame football player than our trillion-dollar war budget and the dozen or so ongoing perpetual wars.

For The Love of A Brother-In-Arms, And ‘Big Brother’ Be Damned

America, BAB's A List, Ethics, Fascism, Military, Nationhood, War

Robert Glisson rides with the ““Patriot Guard Riders.” I do not identify with the military mission, but who can fault the humanity of the effort?

For The Love of A Brother-In-Arms, And ‘Big Brother’ Be Damned
BY ROBERT GLISSON

The late October morning sky over northern Oklahoma is overcast as you follow the bikes in staggered formation, onto the Air Guard base. They make a circle and line up on each side of the exit concourse behind the guard shack that splits the exit from the entrance. The rumble of Harleys in neutral is heard, as the heavy bikes are backed to the curb, nose pointed toward the exit at a forty-five degree angle. Silence returns as one by one the kickstands drop and the riders unhorse.

Ride Captains in maroon caps begin passing US Flags on eight foot PVC shafts to the riders quietly. Two lines of scruffy men and women dressed in black leather or dark waterproof raingear line themselves ten feet apart smoothly, quietly on each side of the street, forming a corridor of red-white-and blue a hundred and twenty feet long. Hardly a word is spoken, as the flags begin gently waving in the cool damp fall breeze.

Two Senior Ride Captains begin an inspection walk inside the corridor of proud, straight figures. Many of the men and women have lost the battle with gravity and the razor; but, the grip on the staff is steady, the eyes focused on a point a thousand yards away. Satisfied that the formation is ready, the SRCs walk back slowly to the line’s tail, stopping at each flag to personally thank the rider holding the flag for his or her time.

The backs of vests and jackets of the riders carry multiple Colors, insignia and rockers; American Veterans MC; American Legion; The Priesthood; Christian Motorcycle Association; Faith Riders; Mongols Vandals; Outlaws; Forgotten Few. Some are loners- no colors, no rockers, nothing to show any association or organization or location; but, all are part of the Patriot Guard Riders at this time. Patriot Guard Riders in Oklahoma do not wear colors and have no identification insignia. PGR in other states do wear colors; for states membership is free; 264 K members at this time, not all attend missions.

It begins to rain lightly, fingers get colder and stiffer, but the line holds steady. An Air Force lieutenant exits the Administration building, speaks briefly to the captains and returns to his warm office. “The Angel Flight (Plane carrying the soldier’s body) was delayed in its take-off from Dover AFB. They will be at least fifteen minutes late.” The line of men and women holds. Twenty minutes later, “The flight is delayed due to the heavy cloud cover over the country. It will be another fifteen minutes.”

The line holds quietly, no one complains.

The PGR line remains still and quiet in the drizzle as the Airmen jostle into position to form another honor line. A sergeant with the Air Guard News appears with his camera. The PGR has stood for approximately an hour so far. “The plane is now on the runway, the Military Honor Guard is transferring the coffin to the coach. They should be here in fifteen-twenty minutes. Ten minutes later the rain slacks off and riders can now hold their head fully upright without having to blink away the rain.

The procession stops just pass the line and before the exit unto the city street. Young Airmen quickly come, take the flags from the riders. Bikers now freed, hasten to the waiting wet bikes, brush off the seats and mount up, denim against wet leather. The air is filled with the sound of motorcycles forced into a hasty warm-up by their owners. The V-Twins respond eagerly. Within moments the line of flag-carrying motorcycles is moving up past the coach into lead position. The law enforcement vehicles will take a position at least five hundred feet ahead to protect, but stay apart from the procession. Without a word, the bikes roll out onto the wet pavement, wet flags attached to the rear, trying to wave in the dismal, damp air as they begin a forty mile highway escort, taking a fallen warrior home.

Another day, servicemen and women exit an aircraft and walk through a double line of flag-bearing PGR to welcome them home or, if leaving, walk through the same line to board a plane to their duty station. Older PGR Captains, assume the position of fathers to reassure the serviceman’s wife that the separation is only temporary and that their husband will return, just as they did long ago.

This is the Patriot Guard Riders, a volunteer group of citizens, mostly ex-military and motorcyclist but not necessarily either one. The PGR is formed to support veterans. Originally formed to shield the family of soldiers killed in action from protestors at funerals, it has grown to honor and respect all veterans and servicemen. Non-political, it contains men and women of all political, religious, and opinion stripes. Ex-service salute, civilians place their hands over their hearts, all show respect.

It is said that the US is the only country to have barn raisings. I can’t say that for sure. But I can say that the volunteer spirit in the United States is second to none. Most of this country was built by individuals working with other individuals long before governments were formed. Some feared that without the draft, there would be no military. They missed the spirit of the people who love their country and countrymen. The Patriot Guard Riders is only one organization among many. Habitat for Humanity is a ‘barn raising’ group of volunteers that now covers the world. The Red Cross, Salvation Army, and the Southern Baptist Disaster Crews: These are but a few organizations that reflect the ‘Spirit of America. There Civil War Enactors, Single Action Pistol associations, the clubs, Masons, Rotary, Lions, Moose, Eagles, Knights of Columbus, etc. It is that American spirit that says “Get up, make a difference.”

It is the true spirit of this country.

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Robert Glisson is a retired Oklahoma Probation and Parole Officer, fiction writer, vineyard worker (you don’t own it, it owns you), amateur wine maker (you have to drink your mistakes, whoopee), and biker by choice. He is also a longtime reader of Barely A Blog. Robert served in the US Navy between 1960-1964, inactive reserve 65-66- 66-68.

Mourn The Death Of Mining In South Africa (The Canary In The Proverbial Mine)

America, BAB's A List, Elections, Federal Reserve Bank, Founding Fathers, Inflation, Labor, Private Property, Socialism, South-Africa

A close acquaintance writes from South Africa: “With the unrest in mining, cash flow has gone for a ball of sh-t. No one can hire. Practically all mining has come to a halt. Bloody f-ucking Malema [ANC Youth League president]! Into The Cannibal’s Pot [my 2011 book] says it all. Thank you.”

[SNIP]

I don’t expect Americans to comprehend the loss of South Africa. Americans are, as Pat Buchanan once put it so well, a silly people living through serious times. Other than adjectival overkill (“a deeply silly people in deadly serious times), I’d add to Buchanan’s aphorism that, like Esau did, Americans have squandered their birthright—“the Old Republic of property rights, freedom of association, and radical political decentralization”—and replaced it with a mess of pottage.

Americans, moreover, lack an understanding of the philosophical inheritance they’ve frittered away. How then can such a silly people comprehend the loss of South Africa?

Mining has been “the main driving force behind the history and development of Africa’s most advanced and richest economy.”

Mining is dying in South Africa.

The mining sector is the canary in the proverbial mine.

Barry Downs is an American who knows better. Formerly based in South Africa, this mining sector investor knows a thing or two about what matters and what creates value. He emails with these invaluable insights:

“The mining industry unrest in South Africa is deepening, with militant senior trade unionist even talking about expropriation of assets and nationalization.

Shares of SA gold and Platinum mining companies remain under pressure as many miners remain on strike and non striking miners are being intimidated. The ANC government, meanwhile, appears powerless to turn the deteriorating situation around.

Just think: South Africa, over a 100 year span, produced 41,000 metric tons ( 1.3 billion ounces) of the only real money in the world, i.e., gold, and they still have identified 6,000 metric tons of mineable gold and with some high powered exploration will only increase reserves.

The ANC government and Reserve Bank regime fails to understand that the continuing global economic crisis will ultimately be focused on the global fiat paper money system, which is breaking down, and in the end there will be a massive run from paper and into gold.

There has been talk in this country about the US being eventually forced to stabilize the American economy by backing the dollar again with gold, and they will use the 1933 Bretton Woods formula that came up with $35 an ounce. To come up with the new gold price, they will take the US monetary base, which is $2.7 trillion, and divide it by the US Treasury gold holdings, which is 262 million ounces. The number becomes $10,300 and ounce.

The ANC government, if it had any smarts, should be going everything possible to protect it’s gold mining industry, knowing that future revenues from the industry will likely expand many times over as the gold price rises.

Nationalization will mean that the 6,000 metric tons of gold reserves may never be mined and the industry will just end up closing down. The 1,000 metric tons of gold South Africa produced, annually, 40 years ago, has declined to only 200 tons annually. It may end up at zero. Is it possible that the ANC government will just watch the goose that lays the golden egg killed off?

Given the mentality illustrated throughout your book, Into the Cannibal’s Pot,, I think the answer is yes.”