Category Archives: baseball

Let’s Go METS – the Millionaires Extra Tax Supply

Much to-do has been made lately of the problems with our tax system.  Depending upon whom you ask, the problems are usually framed in one of the following ways:

1) Taxes are too high already and should not be raised;

2) Taxes on the rich are too low and they must pay their “fair share”;

3) There are too many tax loopholes that need to be closed;

4) Our entire tax code needs to be reformed.

Before I chime in with my own suggestions, let me present a few facts:  (The following numbers reflect most recent data available from the I.R.S. as given to their Congressional Overlords.)

1) The top 1% of American taxpayers pay 30% of all federal personal  income taxes;

2) The top 10% of American taxpayers pay 70% of all federal personal  income taxes;

3) The Bottom 50% of American taxpayers pay no federal income tax at all;

4) Capital gains tax rates in the US are among the highest in the industrial and post-industrial worlds, and are twice as high as those in Canada which has had lower unemployment, lower per capita debt, universal health care, and higher economic growth than the US over the past four years;

5) If the economy tanks into a double-dip recession, federal tax revenues will decline;

6) Once the US economy rebounds, tax revenues will increase;

7) Long term, SOMETHING needs to be done to bring federal revenues and expenses into line.

These are no major revelations for sure, just things to keep in mind as the discussion about taxes goes on over the next year.

My Suggestions: 

Stage I – Attitude Adjustment

1) Don’t put a band aid on a carotid artery that is currently bleeding $1,500,000,000,000 in debt this year. The patient is too sick and is getting sicker by the day.  A sense of urgency is not out of place here.

2) Ditch the use of the word “fairness”, which has been serially abused on the political scene and used to justify any number of partisan initiatives. As Jimmy Carter said, in perhaps his only accurate public statement, “Life isn’t fair.” The government should be more concerned about the fairness of equal opportunity and less about imposing equal results on the people.

3) Let’s all agree that, just like skateboarding, making lots of money and/or being rich is not a crime, nor is it necessarily a sign of personal greed or misplaced moral priorities. And wanting to be wealthy doesn’t mean you have a lesser developed sense of “consciousness”.

4) Personal and corporate philanthropy should be encouraged rather than discouraged by the federal tax code. Abolishing the tax deduction for charitable giving is retrograde.

5) While there may, indeed, be no free lunch, neither is there a painless solution to the financial mess that is the federal government.  Mr. Politician: Don’t play the American people for fools by advocating “feel good” measures that have little to do with the depth of our real financial problems. (Note to President Obama: If you tax the mega-rich – you know, the REAL millionaires and billionaires – at 100% of their income this year, confiscate all their corporate jets for sale at government auction, what do we do with the other 97% of our national debt that would remain, or the $9 trillion in new debt that you project will be added to it over the next ten years?).

6) Taking a class warfare approach will further divide the nation and make solving our financial problems more difficult, not less.  We got into this mess together, we need to get out of it together. A shared-burden solution must be found.

7) ANY politician who demogogues this problem is part of the problem.

Stage II – Tax Code Reform

1. Tax consumption rather than income. A VAT (Value Added Tax or national sales tax) would have the additional benefit of encouraging savings and investment, both of which we need to do. Perhaps we would need a much-lower flat-rate tax as a platform for VAT, I leave that to budget bean counters to decide.

2. Keep capital gains taxes as low as possible to encourage corporate investment and expansion. Job Creation in a capitalist society is the primary responsibility of the private sector.

3. Everyone should pay some nominal tax. You can’t have a cohesive society when half the population pays no tax at all and relies on government more and more. I don’t care if the bottom tax is $50 per year.  All citizens should be tax payers and recognize that they have a stake in efficient government.

4. Re: Loopholes – As a general rule, close them.  Phase out the deductions for mortgage interest, phase in taxation of health care coverage.  Don’t do these now in a fragile economy, but prepare Americans for them ultimately.  Begin phasing in these changes over a five year period beginning in 2012. Oh yeah, no more loopholes for corporate jets. And the next time that the Democrats in Congress try to pass such a perk, I expect the Republicans to stand firm and vote NO.

5. Re-establish the link between revenues and expenses.  Every American household gets this, why can’t politicians? I won’t go as far as to support a mandated balanced budget amendment, but how about mandating that every increase in tax revenue rates must be accompanied by a cut in the budget of equal or greater value?

Now… about those millionaires and billionaires that the President is so eager to take out behind the tax woodshed…

Consider the following, Mr. President:

1) People making $200,000 per year or couples making $250,000 per year are neither millionaires nor billionaires.  Perhaps you are figuring that they are Republicans, I don’t know. But I just wanted to make sure you had your numbers straight – I know you wouldn’t want to mislead the American people with your magnificent oratory.

2) Instead of trotting out some billionaire stooge who complains that he isn’t being taxed enough, finesse the entire issue, Mr. President.  You’ll look good, the billionaires will look good, everybody wins, OK?  Here’s what you do:

a) Set up a new government agency. Let’s call it the Millionaire’s Extra Tax Supply (METS). You can even name another czar to run the agency without getting congressional approval if it will make you feel better.

b) Invite (yes, I know that’s not as fulfilling as “coerce” but bear with me here) all American millionaires and billionaires who deem themselves undertaxed to contribute to the METS.  You could set up a tiered giving structure, like so many philanthropies and the Jesuits do, i.e. the “President’s Council” for those who voluntarily donate $10 million annually, the “Andrew Carnegie Council” for annual giving of a billion or more, etc. And at the end of each year, the sum total of all their gifts could be used to pay down the national debt!  Imagine what Chris Matthews could do with something like that. Or, you could use the money to pay doctors who agree to treat Medicare patients once Obamacare begins to kick in.  Perhaps you could skim 10% off the top of their total donations as administrative costs and apply this money to your reelection campaign. (Most of these guys were big givers to you in 2008, so I’m doing you a favor by streamlining this, like that intercontinental high speed train you’ve always wanted.) Ultimately the entire process could be open to American taxpayers of all income levels!  Citizens voluntarily giving until it hurts to help clean up the mess in Washington!

I can see it now.  As the program takes hold, millions of my fellow Americans, chanting as one “Let’s go METS!, let’s go METS!”

Finally, in addition to a grab bag of buttons, posters, presidentially autographed 8″ by 10″s, membership cards, all program donors could receive ten free tickets to see my favorite baseball team try to play the game at CitiField.  There will be plenty of good seats available next year, after all.  Just like in Washington, D.C.

Baseball Is The Greatest Game: Six Reasons Why

The image is still very clear to me. Baseball entered my life on a gray April morning in 1953.  My mother called me in from playing outside in order to watch television.  How often does that happen to a kid?

On that day, WTMJ-TV was covering the biggest Milwaukee news story in years – the arrival via train of the Braves, recently of Boston, Massachusetts who would henceforth (and forever, we believed) be known to the world as the Milwaukee Braves of the National League.

I remember my mother, who had misspent much of her youth watching the old minor league Brewers play at Borchert Field, pointing excitedly at the television screen, informing me that the modest looking gentlemen climbing down the steps of the railroad car was none other than “the great Warren Spahn”. Spahnie became a part of my life that day and forever more. His son Greg was in my Little League (playing shortstop, not pitching) and the Spahns and Lou Burdette and his wife shared a duplex not far from my house.  Even the disillusionment I experienced one day while bicycling past Spahnie’s house on the way to Hawthorne Glen was only temporary.  Yes, that was the World’s Greatest Left-Hander up there in the 2nd floor picture window vacuuming the living room in his underwear. But I knew he could shut down the Cubs even in that less than regal attire if he wanted to.

My childhood contact with my Braves didn’t end there.  I saw Ray Crone at Mass on many summer Sundays when the team was in town.  Carl Sawatski lived next door to my cousins, until he got traded to the Phillies for Joe Lonnett on June 13, 1958. I remember going sledding one cold December day with my second cousins and with Gene Conley and his kids.  Hank Aaron was on my cousin Phil’s paper route.  I met Johnny Logan, spoke with Eddie Mathews and even the Immortal Sibbi Sisti.  Heady stuff for a kid.  It was all the intimacies of small town baseball, only with major leaguers.

As Babe Ruth once said in what was perhaps his only moment of eloquence “The only real game in the world, I think, is baseball… You’ve got to let it grow up with you, if you’re the boy.”

If my life is any example, the Babe was right then (1948) and he’s right today. I cannot imagine my life or what it would have been without baseball.  Here are six reasons why:

1. There is no clock in baseball. It is a human endeavor that has stood the test of time yet in a real sense exists outside of time itself. Theoretically, a baseball game could go on forever.  You don’t have time as your enemy or as a determining factor in the outcome of the struggle.  The game goes on until it is over, 27 out per team. Forget about the fat lady singing and all that, there is always hope in baseball, right up until the end.  A good example for the way to approach life itself.

2. Baseball remembers. Baseball has one foot in its present and one foot in its past.  The great feats of today are measured against those of its yesterdays, great players of today are seen in the reflected glow of the immortals who played the game in days gone by. Sure Pujols is a great player, but greater than Mays? Williams? Ruth?  Let the discussions begin.

3. Baseball is fair. This sport takes its rules seriously and changes them only as necessary and even then with appropriate caution so as to preserve the balance of the game and the commensurate values between present and past performances. (We will ignore the designated hitter for the sake of this argument.) Basketball and football in 2011 bear little resemblance to their 1930s counterparts.

4. Short people can still play this game. We will call this the Dustin Pedroia Factor. You don’t need to be a physical marvel to be a star, if your heart and your effort and your determination know no bounds.  So you’re 6″10″ and you can dunk a basketball?  At that height you SHOULD be able to do that.  But Michael Jordan, the World’s Greatest Basketball Player, hit .202 in the minor leagues in 1994.  He couldn’t hit the curve ball.

5. Baseball is connective in a deeply personal way. Most major leaguers will tell you they first played baseball with their fathers, some with their brothers. Most baseball fans attended their first games with family members, or listened to their first games on radios in their homes. Baseball memories are family memories.  My dad saw his first major league game in 1928 when my grandfather took him to Wrigley Field to watch the Cubs play the Pirates (dad caught an errant throw from Pie Traynor that went into the stands behind first base). My brother and I saw our first Braves’ games when my Uncle Phil took us to Sunday double-headers at County Stadium.  Baseball memories are family memories. If you don’t understand, see or read Field of Dreams and you’ll know what I mean.

6. Baseball has inspired great writing. As a writer myself, I hold dear the body of literature the sport has produced.  Here are just some of the great books about baseball and its heroes, 6 fiction, then 6 non-fiction:

The Natural – Bernard Malamud (1952)

Shoeless Joe – W.P. Kinsella (1999)

The Southpaw – Mark Harris (1953)

The Universal Baseball Association – Robert Coover (1968)

You Know Me, Al  – Ring Lardner (1916)

Sometimes You See It Coming – Kevin Baker (1993)

Eight Men Out – Eliot Asinof (1963)

The Boys of Summer – Roger Kahn (1971)

Veeck, As In Wreck – Bill Veeck (1962)

Cobb – A Biography – Al Stump (1994)

Babe – The Legend Comes to Life – Robert W. Creamer (1974)

Men At Work – George Will (1990)

Any of these books is a great way to pass a summer day or two.  As Roy Hobbs, the fictional hero of Malamud’s The Natural  says, “God, I love baseball!”