Disclose donors in political ads

Political candidates are a lot like purveyors of processed meat. Both deal in unsavory ingredients they would prefer to keep to themselves–but are obliged to some extent to disclose. Thanks to Congress, the public has a better chance of knowing about meat “byproducts” than it does about big political donations.

Meatpackers must list hot dog ingredients plainly on the label, where shoppers can see them. True, the euphemism “byproducts” can hide a lot of unappetizing stuff, but at least it hints at what the meatpackers don’t want us to know. Politicians get off easier. They only have to file lists of contributors with the Federal Election Commission. It’s public information, but imagine if you had to call the Food and Drug Administration to find out the chemicals in your shampoo–possible, but unlikely. Politicians must also put tag lines at the end of TV ads, but these are generally meaningless: “Paid for by Citizens for Snodgrass,” for example. A similar hot dog label would say, “This product contains ingredients.”

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The Worst Tax

Few subjects inspire more tub-thumping in Congress than the virtues of honest toil. We must eliminate welfare because people must work. We can’t curb our gluttonous use of energy because — they say — it would jeopardize jobs and work. NAFTA and GATT and even capital gains tax breaks aren’t boons for the very rich; no, their main purpose is to help people who work.

Yet when it comes to taxes, what’s the thing Congress singles out to tax the most? That’s right — work. Today work bears over 75 percent of the federal tax load; and the worst part of the work-tax system is the payroll tax, which is deducted from a worker’s paycheck to provide the funds for Social Security. Unlike the income tax, which applies to all income, the payroll tax falls primarily on the wages and salaries of the working and middle class. It takes a big slice off the top of the entry-level paycheck, with no exemptions or deductions. Earnings above $65,000 a year are exempt, as is income from the stock market, real estate speculation, antiques — everything that isn’t work.

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The Basic Function of Money

The basic function of money is to bring needs and resources together. But the conventional money system is failing miserably in this regard. Vast human resources sit idle, while vast needs go unmet – often in the same neighborhoods, even the same block.

This has large implications for the debate over social services, health care included. Perhaps the question isn’t just the government versus the market, spending more versus spending less. Perhaps we have to start asking questions about the kind of money we use. Lawmakers in Washington are busy trying to construct legislative contraptions to make the market – i.e. greed – result in better care. But just maybe, a new kind of money could give rise to a new kind of market, with care built in.

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