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About Art4TheHomeless
Imagine... a movement inspired by the arts to open the eyes of Americans to the plight of their own people. Imagine, through art, music and poetry, we are shining a much needed light on our own crisis: HOMELESSNESS

Art4TheHomeless was once a blog called Colors of Ink with Blogcharm, which closed down. Nutang, became the new home of Colors of Ink and was renamed Art4TheHomeless, by a really good friend, Samantha Medd. She is now the Co-Founder of Art4TH.

Now Art4TH is a 501(c)(3) Nonprofit Organization that unites artists of all venues to promote homeless awareness in the US.

Art4TH does this through the Art4TH Webzine, a monthly online magazine that features a musician whose music plays throughout the website, a feature artist, and a feature writer while also featuring a homeless relief organization. All artists featured retain their copyrights and all of it is free. If you would like to be a featured artist, musician, or writer contact me at johnnacrider@att.net



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I have the perfect plan to bail out Wall Street
Tuesday. 9.30.08 1:54 pm
It's such a simple plan really, but I am thinking that all the politicians are scared to do this:

TAX ALL THE CEO'S OF CORPORATIONS!!!!!!!!!!!!!

Just think of all those big guys who all the little employees are scared of. They jump at CEO's beck and call.

Our politicians are way to scared to tax them because they are BOUGHT politicians. America is not a democracy anymore unless you just happen to be a CEO.

And Renaye, you are soooo right. Capitalism sucks big time.

4 Comments.


Meh.
As much as capitalism sucks, it's a good deal better than communism. We've struck a decent balance in America so far, but perfection is hard to come by in the real world...
» middaymoon on 2008-09-30 05:54:29

CEOs of corporations are taxed... BIG TIME. While the top 1% makes about 13% of the country's wealth, they pay 37% of the total taxes taken in. People in the wealthiest 25% of the country pay 85% of the tax burden. People in the bottom 50% pay only 3% of the total taxes that the government takes in. Much of the lowest 40% of people pay no taxes at all, or receive tax refunds that are higher than the taxes they pay. Some proportion of these get aid from government programs, meaning that tax dollars are spent on them and they don't generate any tax dollars. So when there is a tax cut, of COURSE it is a tax cut for the rich, since they are the ones that pay all the taxes in the first place. The people in the highest tax bracket pay 35% of their yearly income to the government. 35%!!! You are paying 0% of your income in taxes (or should be). I pay about 15%, but in most of years past I've paid 0% as well (you pay 0% if you make less than ~9000/yr). I'm not saying that the CEOs are poor or hurting for money, (The remaining 65% of their income that they keep is going to be way bigger than the 85% that I get to keep of mine), but we should all be aware that when we take advantage of government programs, it is the CEOs and the corporate taxes that allow those programs to exist.

Wall Street is an entity that basically collects people rich enough to put large sums of money into other peoples' businesses. Imagine that you are a company that cleans floors. Normally you do fine, but every once in a while you have to replace one of your floor-cleaning machines. You don't have that kind of money just lying around, so you have to take out a short-term loan to pay for the machine. Someone has to be willing to loan you this money. You might get it from a local bank, but the local bank doesn't have that kind of money lying around, either... they borrow it from a larger bank, which gets its money from the markets. It all goes back to Wall Street, where people who have money can make huge sums available so that people who have less money can move their businesses forward. Taking money from rich people doesn't help the Wall Street problem because you would be decreasing the number of people who have enough spare money to lend it to other people. Stock prices are mainly affected by how willing people are to put their money into the market, because the more people want to buy stocks, the higher the price goes, the more people want to buy them, etc.

In the end, the answer doesn't lie in cutting the CEOs down and making them pay more money. (Though it is reasonable to say that CEOs who made bad decisions and caused their businesses to collapse shouldn't get nice retirement packages.)

The answer lies in helping that bottom 40% become wealthy enough so that they don't have to take out a loan to buy their machines- so that they don't have to rely on Wall Street. The paradox is of course that all the money that you are using to help the poor is coming directly from the rich, and in order to keep the tax money flowing, you have to make sure that the rich stay rich enough to pay those huge amounts of taxes.

The current President has decided that one step towards helping the poor is to tax them even less than before, which is why the lowest tax bracket went from 15% to 10% during the Bush years. If the poorest people can keep a greater percentage of their income, it will be worth it to them to work harder, and they can save more. Meanwhile, tax cuts to the middle class allows them to hire more people, giving more opportunities to the lowest group to get a job. Tax cuts to the richest people allow them to earn more and grow their businesses, making money available to lend to the middle class for their businesses and tax money to use to help the poor.

So... where was I going with this... the answer is to free yourself from both the government and the stock market by saving your money and not buying things you can't afford (Don't take out loans! Don't charge things on your credit card that you couldn't pay for in cash!). Capitalism gives you the freedom do this... capitalism allows you to be control of your own finances and to make your own choices about whether you want to keep all of your own money, to borrow money, or to lend it.
In a communist system they would just take all your money and spend it however they like.
» Zanzibar on 2008-09-30 10:25:10

sorry, that was a really long comment
» Zanzibar on 2008-09-30 10:32:59

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» Willard (60.217.232.42) on 2010-09-03 11:42:04

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