michael-tully.newsvine.com - You have it all wrong

Latest Comments

Canned salmon, frozen berries: The real-life impact of a payroll tax increase
Wed Dec 14, 2011
- We need to raise taxes not cut them. Unless we come up with true government cuts there should be no tax cuts.
Flippers' housing bust role larger than thought
Mon Dec 12, 2011
- But lets say I am insurance and I tell you the bank I will insure your loan if your friend pays fees. If he stops paying you back I will give you 20% of that 50K plus you keep his property plus what he paid to date? Let me know if you would make that deal?
New York University to offer classes on Occupy Wall Street movement
Fri Dec 9, 2011
- The course is really about government debt. has nothing to do with the Occupy movement. Just a catch phase to get people to take the course.
We are the median: Living on $50,000 a year
Mon Dec 5, 2011
- I live in NJ. Each state should be look at differently.
Europe’s debt crisis raising odds of US recession
Mon Nov 14, 2011
- When is a 30% chance a high percentage???? Do any of you read the article?
Soaring borrowing costs push Italy to the edge
Wed Nov 9, 2011
- @ItsAboutTime-3704531 My Plan: 1. Cut government spending including reducing our foreign policy to reduce military. 2. Increase age for which a person can collect SS say 75. 3. All income, including capitol gains, is taxed at your current rate.
The employer retirement match appears to be on the rebound
Wed Nov 2, 2011
- Teachers are not the enemy. Pensions are the enemy.
The employer retirement match appears to be on the rebound
Wed Nov 2, 2011
- My company does 12% toward retirement regardless how much the individual contributes on their own. So a person who puts 0% in their 401K or 15% in get the same. One note I should add is that our company is employee owned with about only 3,000 employees.
The employer retirement match appears to be on the rebound
Wed Nov 2, 2011
- Mick you clearly do not understand the difference between a pension and matching 401K. a company matching your 401K has a one time payout to that employee for that year. A pension is paid out till that person dies.
The employer retirement match appears to be on the rebound
Wed Nov 2, 2011
- Our company gives 12 percent regardless if you contribute 0% or 15%. same percentage to every employee.

Recent Votes

Flippers' housing bust role larger than thought
Source: msnbc.com
New federal report shows large role investors played in the implosion
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Canned salmon, frozen berries: The real-life impact of a payroll tax increase
Sometimes it's the little things that sting the most.
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Europe's debt crisis raising odds of US recession
Source: msnbc.com
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The employer retirement match appears to be on the rebound
Your future retirement plans may be getting a bit brighter, despite the topsy-turvy stock market. A new analysis from consulting firm Towers Watson finds that three-fourths of companies that had stopped providing matching 401(k) contributions during the height of the recession ha …
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Cain's 9-9-9 tax plan is simple: Most will simply pay more
Editor's note: This story has been corrected to include the dropped word "income" in the paragraph about households who pay no income tax. The link also has been updated to provide more recent data.
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Comments & Feedback

To paraphrase Margaret Thatcher, The problem with socialism is that eventually you run out of other peoples money...
— President Galt

JOBS? America's workers need to organize and unionize like the old days. Well, not so long ago. You remember? Dad worked, mom stayed home. Now we have millions of kids raised by grandparents or no one. Their futures are bleak in this plutocracy. My prediction personal security will triple. Crime accordingly will keep rising. This is all going to have to change. Sorry our forefathers did not want a plutocracy and oligarchy for our country like a lot accept here today.

Democratic Socialists believe that both the economy and society should be run democratically—to meet public needs, not to make profits for a few. To achieve a more just society, many structures of our government and economy must be radically transformed through greater economic and social democracy so that ordinary Americans can participate in the many decisions that affect our lives.

Human need, not corporate greed

Socialism is based on the idea that we should use the vast resources of society to meet people's needs.

It seems so obvious--if people are hungry, they should be fed; if people are homeless, we should build homes for them; if people are sick, the best medical care should be available to them. A socialist society would take the immense wealth of the rich and use it to meet the basic needs of all society. The money wasted on weapons could be used to end poverty, homelessness, and all other forms of scarcity.

There's no blueprint for what a socialist society will look like. That will be determined by the generations to come who are living in one. But it seems obvious that such a society would guarantee every person enough to eat and a sturdy roof over their heads. The education system would be made free--and reorganized so that every child's ability is encouraged. Health care would be made free and accessible to all, as would all utilities like gas and electricity. Public transportation would also be made free--and more practical and efficient. All of these basic needs would become top priorities.

A socialist society would not only take away the existing wealth of the ruling class, but also its economic control over the world. The means of production--the factories, offices, mines, and so on--would be owned by all of society. Under the current system, important economic decisions are left to the chaos of the free market and to the blind competition of capitalists scrambling for profits. Under socialism, the majority of people would plan democratically what to do and how do it.
— urlemmings