ArticlesBase.com - Free Articles Directory
Free Online Articles Directory
10.10.2008 Sign In Register Hello Guest
Email:
Password:
Remember Me 
forgot your password?


Observations

Author: Harris R. Sherline Author Ranking Blue | Posted: 10-06-2008 | Comments: 0 | Views: 10 | Rating:  (51) Article Popularity - Blue (?) Got a Question? Ask.
Sign Up Now!

The torrent of information and knowledge that’s beamed at us by the media and over the Internet has also brought with it the curse of overload and misinformation.

 

Commercials that push cleaning agents imply that we are all at risk of being infected by some awful disease if we don’t use their products.  But, if that were true, how is it that man has survived all these years without them?  Can it be that we really don’t need the cleansers that kill 98.5% of all the germs on the surfaces which they are used to clean?

 

Pharmaceutical manufacturers push prescription drugs as if they are selling health foods.  Buy their products and avoid the terrible consequences of just about every disease or ailment known to man, most of which we never knew existed.

 

If taxing the rich is the way to provide benefits for the poor and low income workers, why don’t we simply confiscate the assets of the wealthiest among us, say just the billionaires.  After all, they really don’t need to live such opulent lifestyles, with private jets, mansions, yachts, etc.  If you think that’s a good idea, consider this: According to Forbes magazine, the 400 richest Americans have a combined net worth of around $1.25 trillion.  So, how effective would it be if their “excess” net worth were taken for the good of society?  A little simple math gives us a clue:

 

1) The proposed U.S. federal budget for the 2009 fiscal year is about $3.1 trillion.  If we were to confiscate the entire wealth of America’s 400 richest citizens (278 of whom are billionaires), it would pay the cost of operating national the government for only about 147 days.

 

Extending the analysis a bit further, if the entire net worth of the two richest Americans, Bill Gates at $48 billion and Warren Buffett at $41 billion, were confiscated, it would only pay the cost of running the government for a little over 10 days.

 

2) The proposed 2009 federal budget is projected to have a deficit of $407 billion.  If we expropriate just enough money from the 400 richest Americans to cover the shortfall, it would be about one-third of their combined net worth.

 

3) Instead of confiscating the net worth of America’s richest citizens, how about taking the earnings of some of the nation’s most profitable companies to fund the government or to cover the budget deficit?  The Fortune 500 list of the most profitable businesses noted that the top 20 companies had combined net earnings (after taxes) of $266.21 billion. However, that’s only enough to run the federal government for about 26 days.  Even if we confiscated their total combined earnings, it would still only fund a little over 55% of the projected 2009 budget deficit.

 

Why is it that since President Lyndon Johnson declared War on Poverty in 1964, the federal government has spent between eight and ten trillion dollars on the effort to eradicate poverty, but the number of Americans who are considered poor is still approximately the same as it was over 40 years ago?

 

Has the War on Drugs been successful?  The Drug War Clock (www.drugsense.org) offers the following information (as of May 18, 2008):

 

1) Money Spent on the War on Drugs this year: Federal, $7.685 billion; State, $11.797 billion; Total, $19.483 billion.  “The U.S. federal government spent $19 billion dollars in 2003 on the War on Drugs, at a rate of about $600 per second.”

 

2) “Arrests for drug law violations in 2008 are expected to exceed the 1,889,810 arrests of 2006…Someone is arrested for violating a drug law every 17 seconds.”

 

3) “Police arrested an estimated 829,625 persons for cannabis violations in 2006, the highest annual total ever recorded in the United States, according to statistics compiled by the Federal Bureau of Investigation.”

 

4) Since December 31, 1995, the U.S. prison population has grown an average of 43,266 inmates per year.  About 25 percent are sentenced for drug law violations.”

 

Why do we continue this War?  There must be a better way.

 

The California Supreme Court recently ruled that same sex marriage is a constitutionally protected right in the state.  Does that mean polygamy is or should also be a right?  Commenting in the Sacramento Bee, columnist Dan Walters noted, “…declaring that one is free to marry whomever one chooses makes it at least conceivable that plural marriages – polygamy – could be equally valid.”

 

© 2008 Harris R. Sherline, All Rights Reserved

NOTE: Read more of Harris Sherline’s commentaries on his blog at “opinionfest.com.”

Rate this Article: Current: 0 / 5 stars - 0 vote(s).

Article Source: http://www.articlesbase.com/culture-articles/observations-444539.html

Print this Article Print article   Email to a Friend Send to friend   Publish this Article on your Website Publish this Article   Send Author Feedback Author feedback  
About the Author:

Harris Sherline is a retired Certified Public Accountant and executive. His diverse business background includes experience as a partner in a public accounting firm, as a principal in a number of business ventures and as CEO of a hospital. His conservative commentaries appear weekly in two Santa Barbara newspapers. In addition, his op-ed articles currently appear regularly on three widely read web sites and his own weblog,
Opinionfest.com.

Submitting articles has become one of the most popular means of generating quality backlinks and targeted traffic to your website. Join us today - It's Free!

Article Comments

Comment on this article Comment on this article
Your Name
Your Email:
Comment Body
Enter Validation Code: Captcha


Related Articles

Protecting Children From Drugs
By: Sjoerd Kold | 18/06/2008 | Parenting

Schoolchildren to Decide Own Sex
By: Harris R. Sherline | 26/04/2008 | Childhood Education

There's Something About Marijuana
By: Richard Doucet | 27/06/2006 | Health

Evolution and Intelligent Design
By: Sjoerd Kold | 09/06/2008 | Education
Education related free articles.

Has Traditional Advertising Simply Changed or is it Fully Deceased?
By: Edward M. Brancheau | 15/06/2007 | Advertising
Advertising Articles, Advertising is the paid promotion of goods, services, companies and ideas by an identified sponsor. Marketers see advertising as part of an overall promotional strategy.

Make Money With Your Classic Car, Old Truck or Hot Rod
By: Joseph Ceschin | 27/07/2008 | Classics

Acirx Still Offers Rx Assistance
By: Gabby Laine | 10/08/2006 | Health

Vicodin: Prescription Drug Abuse & Testing
By: Tarun Gupta | 04/01/2008 | Health

Got a Question? Ask.

Ask the community a question about this article:

Q&A Powered by:
Powered by Yedda 

Latest Culture Articles

Diwali Diyas: a Spark of Light in Every Home
By: Raisa Raima | 10/10/2008
The festive season has prompted people to indulge in extravagant shopping sprees and gearing up for a grand decoration. Decoration would seem incomplete without the presence of Diwali diyas.

What are the Famous Festivals in Thailand?
By: James | 08/10/2008
Discover the different festivals in Thailand. One of the famous festivals in Thailand is the Songkran Festival which is celebrated in mid of April.

The Modern Psychology of Halloween
By: Dr Sarah-Jayne Gratton | 07/10/2008
An exploration into the roots of our modern day obsession with Halloween and 'all things spooky' and how embracing our fears might just be the best therapy of all.

Biography of Samuel Beckett
By: Russell Shortt | 06/10/2008
Biography of Samuel Beckett

Bram Stoker and Dracula
By: Russell Shortt | 06/10/2008
An outline of Bram Stoker and his writing of Dracula.

When In-laws are Outlaws
By: Carol Forsloff | 05/10/2008
What do you do about in law problems? This article gives you some tips about how to handle them in the hopes that some of you can get over those painful situations caused by in-laws

The Latest News on Mafia Today
By: Gen Wright | 04/10/2008
Mafia - mention this simple word and it sends shudders down one's spine. That is because mafia has earned a nasty reputation for doing evil beyond the unthinkable.

Cremation or Traditional Burial?... You Can Have Both
By: Rosemary Catzola | 02/10/2008
People choosing cremation in the U.S. has risen 30% in the last 3 years. As cremation becomes more mainstream, questions of combining traditional burial rituals and cremation have come up. This article will discuss how you don't have to sacrifice tradition if your wish is to be cremated.

More from Harris R. Sherline

Solving the Health Care Dilemma
By: Harris R. Sherline | 10/06/2008 | Politics
...the flip side of unlimited demand is a shortage of supply. And, not having enough doctors, nurses, or expensive equipment, such as CAT Scans and MRIs, eventually leads to rationing. Without enough health care to go around, rationing becomes a necessity. That has been the failing with nationalized health care in England, Canada, Germany, Japan, the former USSR, everywhere it has been tried.

Who’s the Boss?
By: Harris R. Sherline | 10/06/2008 | Human Resources
Extreme caution must be exercised in almost any employee-related matter lest we run afoul of the law and draw a discrimination lawsuit of one sort or another. And, the amount of time, effort and energy that’s expended (read wasted) for that purpose often diverts management’s attention from conducting the business of the firm, at considerable loss of time and money.

“neither a Borrower Nor a Lender Be.”
By: Harris R. Sherline | 01/06/2008 | Economics
David M. Walker, Controller General of the United States, has been speaking around the country for over two years, delivering the message that the U.S. is rapidly going bankrupt.

Are We Schizo or What?
By: Harris R. Sherline | 01/06/2008 | Culture
It’s little wonder that there are so many problems in America today when there is such contradictory, schizophrenic behavior in our society.

Who Said It?
By: Harris R. Sherline | 01/06/2008 | Culture
Alexis de Tocqueville's prescient observations are as valid today as they were over 170 years ago and, from the vantage point of having visited here so early in our history, it’s truly remarkable how accurate his conclusions about the contemporary American character and system of government were.

Pushing Drugs
By: Harris R. Sherline | 01/06/2008 | Medicine
A survey of family physicians found that 71 percent felt DTC (Direct To Consumer) ads pressure doctors into prescribing drugs that they would not normally prescribe.

Money Talks
By: Harris R. Sherline | 29/05/2008 | Politics
It’s obvious that the failure to regulate campaign finance certainly is not for lack of trying. The theory generally seems to have been that if we could just get money out of the equation, the political process would somehow eliminate corruption and favoritism.

Tax Facts
By: Harris R. Sherline | 27/05/2008 | Taxes
Putting aside the government’s hype and PR initiatives, the reason our income tax system is so successful is FEAR. Fear of being audited, fear of being assessed, fear of tactics employed to collect unpaid taxes, fear of intrusion into our personal affairs, fear of not being able to defend ourselves against the unlimited power of government in general and the IRS in particular.

Article Categories






Give Feedback

Sign up for our email newsletter

Receive updates, enter your email below