Dear Regal theaters: It’s the customers, stupid

The workers who made these Model T Fords were paid enough that they could afford to buy Model T Fords. The people who work for Regal Entertainment can't afford to go out to the movies.

How big a boost to Regal’s bottom line will health care reform provide? I’m guessing it will be large. Much larger, I think, than whatever new costs-per-employee the law entails for the company. That calculation is a job for the company’s economists. Unfortunately, the company doesn’t have any economists, only accountants. [Read more...]

Social Security benefits should be going up, not the land-rent for seniors

*Jun 11 - 00:05*

“Residents of the Greenbriar Village development say owner Equity LifeStyle Properties has been unjustly increasing their land rents, and there’s nothing they can do about it. Equity is the largest manufactured home community company in the United States and in some cases has increased land rents more than 100 percent in a year, said Randy Schaffer, the president of the Greenbriar homeowners association.” [Read more...]

Scenes from the class war

StateTaxes

“The unemployment rate is still at a level which should cause politicians to panic. No one is panicking.” “If the minimum wage had risen in step with productivity growth [since 1968], it would be over $16.50 an hour today. That is higher than the hourly wages earned by 40 percent of men and half of women.” [Read More...]

Scenes from the class war

stogie

“Come now, you rich people, weep and wail for the miseries that are coming to you. Your riches have rotted, and your clothes are moth-eaten. Your gold and silver have rusted, and their rust will be evidence against you, and it will eat your flesh like fire.” (Oh, and plenty of links.) [Read more...]

Social Security is not “going broke” because Social Security cannot go broke

Children

“It’s not a pension fund into which you put your money when you are young and from which you draw when you are old. It’s an immediate transfer from workers today to retirees today. That’s what it has always been.” [Read more...]

16 Tons and bricks without straw: Christianity Today wants to bring back the company town

An armed guard patrols a mining company town in Alabama in the early 20th century, making sure no miners try to escape into the free economy to purchase contraception.

Christianity Today says it isn’t fair that workers own their wages. It is, after all, a religious company with religious values, and it seems to them to be a violation of their religious values if the pay they pay their workers can be spent on things like alcohol and pornography. Labor law, they say, restricts their religious liberty to ensure that wages they pay are not later spent on anything that would contradict their core religious convictions. [Read more...]

Rolling Jubilee: Proclaim Liberty Throughout all the Land

libertybell1

The Rolling Jubilee is a little picture of the divine economy, leveraging liberation for people enslaved by debts they can never repay. The project “buys debt for pennies on the dollar, but instead of collecting it, abolishes it.” And the destitute hear good news. [Read more...]

Joss Whedon endorses Mitt Romney

Zomney

“Let’s all embrace the future — stop pretending we care about each other and start hoarding canned goods.” [Read more...]


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