Put Your Money Where Your Mouth Is...

“Brother if I stepped on a worn out dime, I bet a nickel I could tell you if it's heads or tails.”
-Hank Williams Sr.

Giving up on Trickling Down

Well I just heard a report that the infamous insurance agency AIG has been issuing massive bonuses to their executives – their profits fueled by a $180 billion tax-payer hand-out. Wow. I don't really know what to say about that. I will say this – we've been dicking around with this “trickle-down” economic theory since Ronald Reagen was in office back in the 1980's and every year it gets more difficult for working class Americans to make their ends meet. Bail-outs aside, all these folks who decry the government paying out welfare or giving medical aid to the poor never seemed to issue so much as a peep at the tax-breaks, subsidies, and grants enjoyed by big businesses. I get the premise of trickle-down policies – give money to the wealthy and they will generate jobs that will employ the rest of us. I just don't think that premise translates into reality. People and businesses don't grow rich by spending their money – they maintain wealth by holding onto money. In turn, I'm well convinced that if the government had taken that bail-out money and put it right back into the pockets of the working class Americans, that money would have immediately been put back into the economy. The reason for this is that working class people have to spend money – not on yachts or servants, but on food and clothing. People have got to eat and pay their gas bills.

Burn Ban

Speaking of gas bills, the Chico City Council seems to be embroiled in an on-going debate over whether or not to ban burning, either via wood stove or fireplace, on certain days of the year when the air quality is poor. I'm ambivalent about this idea: on the one hand I agree with the notion that we need to be doing everything we can to improve air quality. On the other hand, relative to wood, gas is extremely expensive! There are a lot of folks who are burning wood, and it isn't because they enjoy the nostalgic flicker and glow of a traditional fireplace – it's because with a chain-saw and an $8 permit they can cut themselves a few seasons worth of wood. Compare this with a $200 monthly PG&E bill to keep a modest house warm through the winter and you start to understand the real-world economics that a burn ban would bring to bare.
I get the idea that a lot of folks are really out of touch with those of us who just barely manage to make our ends meet – those of us who are working a wage job and scraping by, month after month, keeping our fingers crossed and hoping that the squealing dryer can make it through another year. This segment of the population isn't technically poor, they're not collecting any government benefits and they pay their taxes year in and year out – but there sure isn't much left in the coffers when it's all said and done. Saving $500 a year on heating costs means something tangible to those who are living on that cusp – and there are a lot of them; us.

Wal-Mart Mania

The Wal-Mart controversy is another one of these economic issues, but I think a lot of the working class aren't reading this one right. People want Wal-Mart to move in because they believe it means greater availability of cheaper goods. To me, Wal-Mart means low pay for the workers they employ. If I were Scott Greundl and the City Council, I wouldn't be telling Wal-Mart to pay a million dollars for environmental rehabilitation, I'd be telling them to promise a higher wage for their workers here in Chico. That money, the money they pay their employees, would come right back into the community – it would flow into the restaurants and local businesses.

Blame it on the Tooth Fairy

One bright spot has emerged from all of this economic gloom and doom. I have it on good authority that the Tooth Fairy is now paying between $5 and $20 per tooth! I don't know if the Tooth Fairy organization received a government bail-out or what, but by my calculations this indicates an increase of between 2000% and 8000% since I was getting a quarter per tooth from the little lady back in the middle 1970's. Cash money, off the books; losing teeth might be the best business in town these days.

madbob@madbob.com