Showing posts with label billionaires. Show all posts
Showing posts with label billionaires. Show all posts

Friday, April 25, 2014

Not all rich folks are the same… nor all Christians… nor opponents to Obamacare

With a re-ignited American Civil War already underway, it is important to remind folks that we do not have to exaggerate, or oversimplify, or categorize all people of one 'type' as automatically friends or enemies. Let me start with a couple of telling examples.

showtime-years-of-living-dangerously-jessica-alba1) I had been waiting and hoping for a person like this to arrive. A smart and scientific conservative with deep, heartland values, who can communicate with Red Americans that their Christianity and conservatism do not have to automatically align with a trumped-up War on Science.   I figure millions are ready for the message -- that they can pick and choose, and maybe escape the simplistic narrative being crammed down their throats by hate-media. 

That was the hope! An lo -- here is Dr. Katharine Hayhoe, an evangelical Christian, married to a pastor, living in conservative West Texas, and widely regarded as a top-notch climate scientist, actively engaged in weaning heartland folks off of anti-science dogmatism. Her book, A Climate for Change offers Global Warming Facts for Faith-Based Decisions.

Liberals, too, should study this person and shuck their own preconceptions. Dr. Hayhoe appears on Showtime's new documentary series Years of Living Dangerously, which explores humanity's impact on climate change.

Wealth-America2) One of the moderate conservative members of my blog community went to public records -- Forbes 400 list and Opensecrets.org -- to provide the following summary of rich Americans and where they contribute their political largesse. Give it a look over and I"ll comment.

1 (D) Bill Gates $54 B 55 Medina, WA Microsoft
2 (D) Warren Buffett $45 B 80 Omaha, NE Berkshire Hathaway
3 (D) Larry Ellison $27 B 66 Woodside, CA Oracle
4 (R) Christy Walton & family $24 B 56 Jackson, WY Walmart
5 (R) Charles Koch $21.5 B 75 Wichita, KS Diversified
6 (R) David Koch $21.5 B 70 New York , NY Diversified
7 (R) Jim Walton $20.1 B 63 Bentonville, AR Walmart
8 (R) Alice Walton $20 B 61 Fort Worth, TX Walmart
9 (R) S. Robson Walton $19.7 B 67 Bentonville, AR Walmart
10 (D,I,R) Michael Bloomberg $18 B 69 New York , NY Bloomberg
11 (D,I,R) Larry Page $15 B 37 Palo Alto, CA Google
12  Sergey Brin $15 B 37 San Francisco, CA Google (Politics unknown)
13 (R) Sheldon Adelson $14.7 B 77 Las Vegas, NV casinos
14 (D,R) George Soros $14.2 B 80 Westchester, NY hedge funds
15 (R) Michael Dell $14 B 46 Austin, TX Dell
16 (R,D) Steve Ballmer $13.1 B 54 Seattle, WA Microsoft
17 (D,R) Paul Allen $12.7 B 58 Mercer Island, WA Microsoft, investments
18 (D) Jeff Bezos $12.6 B 47 Seattle, WA Amazon
19 (D) Anne Cox Chambers $12.5 B 91 Atlanta, GA Cox Enterprises
20 (D,R) John Paulson $12.4 B 55 New York, NY hedge funds

Letters indicate which political party they donated to:
 D = Democrat, R= Republican, I= Independent (presented in order of giving amounts)

The crux, it pretty much matches my past assertions. With the exception of Michael Dell, nearly all the self-made tech billionaires donate democrat. They invest in the diamond shaped society that made them and that engendered the engineers and scientists whose skills got them rich. In their public statements, they mostly profess faith in positive sum games and several have explicitly said "my taxes ought to be higher than they are."

Those who -- in contrast -- mostly-inherited their high position, or exploited sweetheart deals to extract resources from public lands, or got it through gambling or cable monopolies… pour their largesse into the Republican Party. (With Anne Cox Chambers a noted exception.)

This list leaves out Rupert Murdoch and the Saudis and foreign sovereign wealth funds, all of who are lavish in support of the GOP.

Also not listed… the Hollywood types who -- though rich -- fall below this top twenty. They tend to side with the Silicon Valley moguls. While another clade -- the WallStreeters and top CEOs… well, you know…

Which leaves us with the most telling and indicative of them all. The smartest man in the world, whose wholesome, down-to-Earth values are also an example to us all. Warren Buffett. People who bet against him have always, always proved themselves to be just plain old dumb.

== When will the GOP proclaim “It was our idea all along!” ==

AFFORDABLE-CARE-ACTThe nonpartisan Congressional Budget Office released its latest Obamacare report card (pdf), and for supporters of the law, the news is good: The CBO now projects that over 10 years the law will cover more people—25 million, up from 24 million—and cost a lot less—$104 billion less—than it had previously forecast. Combine this with the fact that, since the Affordable Health Care Act was passed, health care costs in the U.S. have risen at their slowest pace in decades.

All of these results would presumably have been even better, had the GOP spent the last 4 years working to negotiate improvements and fix flaws, instead of railing and passing futile House gestures (fifty of them) to repeal the ACA, while condemning it as "communism."

Indeed, ironies abound. Let's be clear: moderate and reasonable democrats never wanted the proposed "health care system" that became Obamacare! It was always viewed as a miserable, halfway option that catered to insurance companies and is far more complicated and less effective than, say, the far simpler and less costly Canadian system.  Obamacare essentially saves and extends the ancient U.S. system of private insurance and its positive effects were achieved using market forces… a fact that quintuples the irony, since the ACA originally was the REPUBLICAN PARTY's own damn plan.

Crafted by The Heritage Foundation and the AEI, sealed into several GOP platforms, enacted in Massachusetts by Governor Romney to huge Fox News fanfare and jubilation, and yes, indeed, all of those versions were almost identical to the ACA. (See the comparison.)

Obama and the Dems only settled on the Affordable Care Act (ACA) after having all of their own plans shot down by the most disciplined party of opposition the nation has ever seen. Hence, in what they thought would be a clever judo move, the Dems put forward the GOP's own plan, in the weirdly optimistic hope that Republicans would thereupon negotiate in good faith over their own plan… working as legislators engaged in deliberation and compromise to find flaws and correct them and produce a proper bill.

What naiveté! Hey, I never said the democrats were sane.  They are a loopy as jay birds.

Again. All current flaws might have been discussed, appraised and dealt with by negotiation and pragmatic improvement -- a process that was ruled out in favor of all-or-nothing rage. Indeed, this is all according to the Hastert Rule, to never, ever ever cooperate or negotiate with their opponents, over anything. Ever. Instead, the GOP's sole aim has been to ensure that their own plan would fail.

In fact, if the tide of good news continues, you can be sure that the GOP will veer tracks and start proclaiming "It was our own plan, all along!"  

What?  And you'll be surprised when that happens?

Monday, February 18, 2013

Things only a zillionaire could do to save America

Mention George Soros anywhere on the far-right and you’ll get fulminations.  To Republicans, Soros is an aristocratic mastermind who swore to “spend whatever it takes” to end the Bush-Neocons’ grip on political power in America... a vile plutocrat, striving to trample the will of plain-folks, along with the populist GOP that protects them. Glenn Beck railed to his audience, calling Soros the "Great Oligarch" and a master manipulator "who toppled eight foreign governments." (The one thing Beck never mentioned, and that - tellingly and symptomatically - not one member of Beck's vast following ever asked, was "which eight foreign governments did George Soros help to topple?" Tune in at the very end for the amazing answer.)

1101970901_400Okay, after wiping away tears of ironic laughter, one is left wondering.  If George Soros - and other rich liberals - are so potent and determined, why have they accomplished so little?

On the right, you see plenty of men and women who have proved ruthlessly effective at translating money into power, directing vast resources toward politically effective ends. There’s Rupert Murdoch, controlling -- along with his Saudi co-owners -- much of the world’s mass media, from Fox News to the Wall Street Journal. His deep-pocket interests have been highly effective, funding everything from "Swift Boat Veterans for Truth" (remember them?), to Carl Rove's Super-PAC empire, to the war on science.

Forbes_cover122412David and Charles Koch, a pair of wealthy and politically radical brothers have leveraged millions from likeminded investors, to wrest control over most of the nation’s voting machines and funded (with several hundred million dollars) the campaign to delay, obfuscate and render impotent any determined action to mitigate global climate change.  Not to mention foreign commodities moguls who have used deep fingers of influence to fare best of all, in recent years.  The list goes on and on.

Now, mind you, I am less enraged by all of this than you might think, simply because I view such behavior as the most natural thing imaginable!  We've had at least a million years in which human reproductive success was partly determined by males jockeying for status in tribal settings... followed by 6000 years in which 99% of all agricultural societies wound up being dominated by inheritance oligarchies, who strove above all to keep the masses in their place, ensuring that their sons would own other peoples' daughters and sons.  The chief outcome -- suppression of competition and free-flowing criticism -- resulted in the litany of horrifically awful statecraft that we call "history." 

Adam Smith and the American founders decried the toxic effects of oligarchyoligarchy, which has always been the chief enemy of markets, enterprise, science, truly-competitive capitalism and freedom. Populist or elected "government" - in sharp contrast - has almost no track record at actually harming those things.

Nevertheless, it is easy to see why we're attracted to tales about kings and wizards and such, and why so many of the rich strive to re-create feudalism. Isn't it what you'd do?

We are, indeed, all descended from the harems of guys who pulled off that trick.  We carry their genes. Wanting all of that is the most natural thing in the world.

No, to me the amazing thing is what a high fraction of the new billionaires actually "get" the enlightenment... the modern civilization that gave them all of their opportunities and to which they owe absolutely everything.  Maybe 50% of them -- the Musk-Gates-Buffett-Bezos-Page-Brin-Soros-types -- grasp the enormous goodness and clever dynamics, based upon relative-equality of opportunity, that brought them their great fortune! Half of them seem to get it; this is wonderful.  It gives me hope there'll be an ambitiously accomplished and exciting civilization for our grand-kids.

Can the Good Billionaires be as effective as the would-be lords? 

I explore this on the pages of Existence, wherein you attend a gathering of rich clans in the year 2048 and view them weighing how much of their gratification to defer, in order not to kill the golden-egg-laying goose.

All right, it’s hard to envision Steven Spielberg pulling shenanigans anywhere as effective -- in the short term -- as the Foxite war on science.  His films are designed to provoke thoughtful conversations, not reinforce bilious hatred of your neighbors.  It's a more wholesome endeavor, but those seeds take time to germinate. The Fox-approach is quicker.

Of course, the top endeavor for a rich person who wants to change the world for the better is simple.  Keep getting rich by delivering excellent goods and services. And when you've reached a certain, sane level of satiability with wealth itself, you can either give a lot of it away (your kids will never starve) -- or else start investing in new endeavors that are risky!  Then riskier still.

givingpledgeFor example, several of the tech-wave billionaires have invested heavily in the privatization of space exploration. Prime examples include Richard Branson's Virgin Galactic, Elon Musk's SpaceX, Jeff Bezos's mysterious Blue Origin project, Paul Allen's Stratolaunch System, and Sergey Brin's Space Adventures. Recently, Peter Diamandis, Larry Page and Eric Schmidt and others have teamed up to launch Planetary Resources aiming to mine resources from asteroids... a topic I happen to know a thing or two about.

Yes, that's the top thing they can do. Innovation.  Risky entrepreneurship.  That and setting an example with real philanthropy, by signing the Gates Pledge.  Nevertheless, given that so much of our future depends upon the political process, can we afford to leave that arena to be meddled in by just the New Feudalists?

Do Friendly Billionaires Matter in Politics?

Let’s be clear.  Our present electoral divide won’t depend on the whim of a few  moguls.  Nor is Culture War all about “rich vs poor” - not yet. Historically, most nations were wracked by class struggle - and we may yet revert to that age-old pattern - which could become an especially dangerous schism, when the poor will be technologically empowered.  (It's an IQ test for the uber-wealthy: do you actually believe you can rebuild lordship in the coming era, when the prols will have smart drones and desktop bio labs and all that stuff? Really?) But such times may be averted.  Indeed, many of today’s affluent are loyal to the mobile, competitive, egalitarian and rather-flat society our parents made, after World War II.  One that rewarded innovative commerce, without entrenching permanent castes.

So, let’s suppose there are a lot of wealthy, frustrated enlightenment fans out there.  With so much hanging in the balance, what’s a rich dude to do? Heck one great option would be to start a competing company to, say, make honest voting machines. Surely you can get that ready in time to win some contracts for 2016? Or else, organizations that perform poll watching and electoral process-checking could absorb large donations, in time to do a lot of good.  Though these groups are officially neutral, we know who would benefit, if elections proceed transparently and fair.

Likewise, the political caste will never rouse itself to do anything about gerrymandering. But a privately funded campaign against that foul practice, even as little as 20 million dollars, could start an avalanche of public anger over this blatant crime. In the short term, this would help both parties to back away from radicalization and elect more rational pragmatists. Kill gerrymandering and you will be well-remembered as a dragon-slayer.

philanthropyBut it's my role to look in directions that are more, well, unconventional.  So let me bring up one idea, from a general compilation of Concepts for Billionaires: Horizons and Hope: The Future of Philanthropy, that's been in circulation for some time.

Obliquely political: Defend Science

Nothing more perfectly manifests the Crisis of the West more than the current "war on science." As President Obama clearly and repeatedly emphasized during his 2013 State of the Union address,  research and technological advancement have been responsible for much of the skyrocketing wealth that then empowered America and other nations to attack ancient evils of poverty, racism and ignorance. Indeed, one thing a mere millionaire could do, that would transform attitudes, would be to set up a second National Debt Clock,  next to the first one Only let this one show what the debt would be if the USG had charged a minimal 5% royalty for inventions we all paid for. Rockets, jets, communications satellites, the Internet, pharmaceuticals, Telecom, boomed... Do you doubt we'd be in the black? An unbeatable polemical zinger that would cost less than a million dollars to erect. 

A more expensive and enduring effort is being set up by veteran lobbyist Jim Lantry -- First in Science -- a new pro-science super-pac that aims to raise $100M in order to support candidates who are enthusiastic about scientific research. It is regrettable that such an unseemly measure should be necessary.  But the war on science - propelled largely by Fox HQ but also by science-hostile elements of the Left - has made it necessary.  Arnold Toynbee said that civilizations collapse when they fail to support their "creative minority." If you are a wealthy person who does not want to see that collapse, consider taking part.

A Henchman's Prize

Here's another item from my big list of possible projects:  Horizons and Hope: The Future of Philanthropy

I've long wondered why some billionaire who is worried about our open society doesn't pony-up and offer truly substantial  whistleblower rewards. One action that could be especially well-targeted, during the next month or so -- while having immense publicity value -- would be to announce a great big prize for proof of massive cheating or dirty tricks, in time for the evidence to matter, before the next round of elections.

For best effectiveness, one would couch the idea in nonpartisan terms.  Offer a million dollars to any conspirator who turns coat and steps forward with - say - solid evidence that either party has engaged in a systematic effort to deny the vote to a thousand or more people in any political constituency.  Plus five million if the evidence leads to rapid, public plea bargains or convictions.
Yes, five million dollars is a lot of money.  But note that the larger sum is paid upon conviction, in which case it's a small amout to buy a scandal-tumult of huge proportions. Perhaps big enough to transform politics in America.
Sure, people will see through couching it in nonpartisan terms.  (Though a Republican co-sponsor could be found.)  But even that implication would be useful, highlighting what everybody knows -- where that kind of cheating is coming from.

Why emphasize "conspirator"?

HENCHMENThis is where the word henchman comes in.  Those most likely to have the goods -- real evidence -- will be people already deep inside.  Ironically, a henchman is probably venal and psychologically primed to jump ship, if offered the right combination of inducements -- both cash and introduction to people who can offer some immunity.  (Rep. Henry Waxman has been responsible for recent strengthening of whistleblower protections, for example.)  This qualifier also keeps out a flood of mere rumor-mongers, who have other places to go.

There are many other possible whistleblower prizes.

But there’s a catch.  Any such program must be carefully phrased. A billionaire will have to fight past his or her own attorneys, in order to do something like this.  One doesn’t want to be held liable for enticing unproved or false allegations, or slander.  (There might be a discreet application process and a committee to vet claims, while police and prosecutors are given their full due.)

Still this sort of thing has one advantage -- it could be set up and unleashed quickly.  And it appeals to the avaricious spirit that has driven so many dirty tricks operatives, ever since the days of Nixon and Donald Segretti.  Remember, tempting rats to betray each other ought to be easy, if you use the right cheese.

And all it might take is just one.

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FOLLOWUP:  Have you guessed yet (or looked up) the eight foreign governments that master-mogul-manipulator George Soros "toppled"? How telling that (to my knowledge) none of Glenn Beck's viewers or listeners even roused themselves with God's greatest gift - curiosity - to ask which governments those were.  But you know, by now, what those toppled governments were, right? They were...

... the communist dictatorship of Poland ... the communist dictatorship of Czechoslovakia ... the communist dictatorship of Soros's birthplace Hungary ... the communist dictatorship of Lithuania ... the communist dictatorship of  Estonia ... the communist dictatorship of  Latvia ... the communist dictatorship of Romania ... the communist dictatorship of  Bulgaria...

... and that's erring on the low side. Some credit Soros with having major effects in Yugoslavia, Belarus, Ukraine....  Yep.  It is pretty clear why Glenn Beck never likes to get specific.  Facts kind of interfere with the narrative.

This is a heavily revised version of a posting from  roughly 2004.