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Andrew Tobias
Andrew Tobias

Money and Other Subjects

Year: 2019

Billy Is Such A Tool

April 20, 2019April 21, 2019

Bill Barr was three years behind me at Horace Mann. He must have missed the motto: Magna Est Veritas Et Praevalet.

Contrary to his view that Trump is vindicated by the Mueller investigation — with which, Barr says, the President fully cooperated (a blatant, exhaustively documented lie) — The Mueller Report Should Shock Our Conscience.

That’s not the wailing of some left-wing rag, it’s the headline of the country’s leading conservative journal.


I’ve finished reading the entire Mueller report, and I must confess that even as a longtime, quite open critic of Donald Trump, I was surprised at the sheer scope, scale, and brazenness of the lies, falsehoods, and misdirections detailed by the Special Counsel’s Office. We’ve become accustomed to Trump making up his own facts on matters great and small, but to see the extent to which his virus infected his entire political operation is sobering. And the idea that anyone is treating this report as “win” for Trump, given the sheer extent of deceptions exposed (among other things), demonstrates that the bar for his conduct has sunk so low that anything other than outright criminality is too often brushed aside as relatively meaningless. . . .

. . . The lies are simply too much to bear. No Republican should tolerate such dishonesty.


What concerns the Attorney General are not these lies, or the ongoing Russian attack.  He’s concerned that the Trump campaign was “spied on,” perhaps improperly.  He wants to investigate that.

Were we back in high school, it might have been appropriate to say, “you’re such a little tool, Billy” and then shove him in a locker.  Fifty-five years later, he is a large and literal tool: of a pathological liar and sociopath. (And thus, by extension, of Vladimir Putin.)



. . . The Russian government interfered with the 2016 presidential election in sweeping and systematic fashion . . .

So begins the 448-page report that too few Democrats and Independents and almost no Republicans will read.  And that our Russian-mob-connected commander-in-chief . . . well, he believes the denials of his friend, the journalist-murdering kleptocrat autocrat Vladimir Putin.


Paul Kroger: “Forget: ‘I could stand in the middle of Fifth Avenue and shoot somebody and I wouldn’t lose any voters’  How about: ‘I could let an enemy of our country help me get elected, lie about it, make others lie about it, and obstruct an investigation into it and I wouldn’t lose any voters.”

 

 

In Search Of Common Ground

April 18, 2019April 17, 2019

All that will matter today — and for a while — is what’s in the Mueller report.

I’m taking the rest of the week off to join you in reading it.

In case you’re up early with nothing to do until the report is released, I offer this . . .


Reading Mitch McConnell undid 213 years of Senate history in 33 minutes, one realizes how important it is to wrest the gavel from his hands next year.

Republicans will still be over-represented — Idaho will still have as many senators as California — but consider:

“McConnell has a history of doing things for short-term tactical gains, regardless of the cost. He did more than anybody else to open the floodgates to unlimited dark money in politics, famously declared his top priority was for President Barack Obama ‘to be a one-term president‘ and killed the Supreme Court nomination of Merrick Garland in 2016 by refusing to act on it. Between 2009 and 2013, McConnell’s Republicans blocked 79 Obama nominees with filibusters, compared with 68 in the country’s entire previous history.”


Boy, do we ever need to redraw Congressional districts so that moderate, centrist candidates can win.

Centrists compromise.  Centrists respect heart-felt extreme views . . . but look for common ground . . . and cooperate to find constructive ways forward.

Centrists have a drink after work, regardless of party . . . and enjoy drinks with those further left and right, as well.

It’s great to elect some passionate folks on the far right and left.  They help define the argument.  They represent legitimate views.

But our legislatures and politics have become far too polarized.  Only Putin is happy about that.  He has thousands of agents working to make it worse.

I’ve long argued that “it’s not equivalent.”  That both parties are not equally to blame.  Read that argument here. Until recently, moderate Republicans were the only ones being removed from office by hard-line primary challengers — or fearing that they might be.

Now — though it’s still not as bad and I hope never will be — the same thing has begun to happen on the Democratic side.

Join the fight against gerrymandering?

 

Holy Cow

April 17, 2019April 16, 2019

From Monday:

Carole Cadwalladr – Facebook’s role in Brexit — and the threat to democracy.

Don’t miss this one.

 

Be Audacious Tonight — 8pm Eastern, 5pm Pacific

April 16, 2019April 13, 2019

But first: might you want this app, called Jumbo, to increase your privacy?  Or to sanitize some of your social media history now that you’re out looking for a job?  Check it out.


And now . . .

Last year, TED launched what it called The Audacious Project —


. . . a new initiative housed at TED to ignite big, bold ideas for tackling the world’s most pressing challenges. The impact so far has been beyond our wildest dreams: from the thousands of people in the US awaiting trials from home instead of jail because of The Bail Project’s growth to the 800,000 smallscale farmers in Sub-Saharan Africa enjoying better harvests thanks to One Acre Fund’s increased capacity, these ideas are making a real, tangible difference in millions of lives.

The Audacious Project is an annual event. And you won’t believe the incredible ideas in store for you this year. Discover these 8 new ideas as they’re revealed live from the TED2019 stage, in a special session of the conference livestreamed to the world.

Mark your calendar for Tuesday, April 16 at 8pm ET / 5pm PT and watch through AudaciousProject.org — or join the conversation on Twitter @TEDTalks. Join us, and be a part of these incredible visions. Let’s change the way we change the world!


I’ll be watching with you.

 

Doctors And Patriots Versus My Friend Paul

April 15, 2019April 12, 2019

[It’s April 15.  Need an extension to file your return?  Click here.  Have a really simple tax situation?  Try filing for free. Have income not subject to withholding? Your first quarterly estimated tax is due,]


I know smart, good people who support Trump.

I find that very hard to understand.

In some cases, like my friend Paul, they readily acknowledge he’s a liar and a bully, vulgar, a racist, a tax cheat and all the rest.

And there are a lot of specifics they don’t endorse — for example, they’re not fully comfortable with separating thousands of innocent children from their mothers.  (Though they may be comfortable employing undocumented immigrants to care for their own children, or to clean their toilets or the toilets at Mar-a-Lago.)

Yet somehow they see a big picture I do not.

In Paul’s case, it has nothing to do with religion or appointing right-wing judges, or with being ultra-rich and feeling over-taxed.  He’s an atheist who lives off Social Security and a modest pension.

It’s more the general frustration he felt that the established order was broken, and the appeal of someone who could come in from the outside and just crack some heads.  Traditional Washington wasn’t working. Get a business guy in there who can cut through all the crap and — how hard can it be? — get “everybody great health care at a tiny fraction of the cost!”  Yes!

Bring manufacturing jobs back and make America great again, the way it was in the Fifties when he and Paul were growing up (wait, what? when the top federal tax bracket was 90%?) and the Sixties (wait, what? when unions were strong and the top rate was 70% and we had race riots and Vietnam and no one had cell phones or GPS and half the country was addicted to the leading cause of preventable death?).  Yes!

“He alone could fix it.”  Yes!

And even though Paul — a sophisticated Ivy League grad — knew this was bluster, he liked the bluster.  He liked the way Trump flew in the face of political correctness (which I agree has swung too far).  So even though he didn’t take Trump literally, he liked the bandwagon and jumped aboard.

Once you join a team, it becomes hard to switch.

Somehow, nothing shakes him.

He has a strong economics background; yet the $1 trillion deficit (racked up in good economic times, not to combat recession) . . . and the trade wars . . . and the quality of appointees like Steve Mnuchin and Wilbur Ross and, for the Fed, Stephen Moore and Herman Cain — well, Paul just laughs nervously,

He’s gay; yet the restriction on transgender troops that went into effect Friday — well, Paul just deflects.

I do hope that one day — perhaps when Trump literally walks down Fifth Avenue shooting people (he’s a TV producer: is this not the obvious finale?)  — Paul will convert, the way former segregationist Alabama governor George Wallace ultimately did, or Media Matters founder David Brock spectacularly did, or so many “ex-gay” leaders have. (They’re now ex-ex-gays. Like this one.)

In the meantime, though, Paul backs the Administration that calls 14,700 patriotic transgender Americans currently serving in uniform “deficient,” even as the medical establishment disagrees.


. . . “The only thing deficient is any medical science behind this decision,” American Medical Association President Dr. Barbara L. McAneny said.

. . . “They can dress it up in whatever words they want, but when you carefully look at this it’s total disrespect for these human beings by saying a core piece of them is not acceptable,” former acting U.S. Army Surgeon General Gale Pollock said.

Pollock signed a statement with three former U.S. surgeons general and two former military surgeons general, saying they are “troubled by the Defense Department’s characterization of the need to undergo gender transition as a ‘deficiency,’ and by the addition of gender dysphoria to official lists of ‘congenital or developmental defects’ that include bed-wetting and ‘disturbances of perception, thinking, emotional control, or behavior.’”

An estimated 14,700 troops identify as transgender.

Military chiefs testified before Congress last year that they found no problems with transgender troops on morale or unit cohesion. Many have received medals since the armed forces welcomed them in 2016. . . .


I assume Paul (not his real name!) opposes this specific policy, as he opposes all the lying and cheating and bullying and Putin-defending and press-bashing and judge-bashing and FBI-bashing and science-bashing.

Yet still he’s with Trump.

What will be the breaking point?

I have begged him to read Michael Lewis’s The Fifth Risk.

Maybe that will do it.

 

Davd Leonhardt On Climate Change

April 12, 2019April 12, 2019

Climate Change Is Coming — And the Pinkertons Are Ready.

But first, my classmate Dan writes: “Octopi are amazing. For example, each arm has its own personality. I’ve stopped consuming them.”

This is troubling, because I sure do like grilled octopus.  Now if I keep ordering it I’ll have to wonder whether I’m eating the Sally Sunshine arm or the Sourpus arm or the Neurotic But Fun To Be Around arm.

One more reason to favor eggplant parmesan.

The reason this has come to mind is the article Dan and I just read about capturing an octopus.  What a miraculous, delicate world.  We should try really hard not to throw it out of balance.

I.e.: climate change.

I like the notion of The Freedom Dividend (Andrew Yang‘s $1,000 a month for every citizen between 18 and 64) funded in part by The Climate Solution (a carbon tax).

David Leonhardt takes a different tack.

He writes:


The politics of climate-change can sometimes feel unwinnable.

The oil and coal industries spend large sums of money to spread falsehoods. The leadership of the Republican Party echoes those falsehoods. Many voters, struggling with slow-growing living standards, are hostile to policies that would address climate change — namely, increases in energy prices. And so far the top-tier Democratic presidential candidates haven’t put the issue at the center of their campaigns.

But for all of these challenges, I think there is a more promising political approach than many people realize. In the upcoming issue of The Times Magazine, I’ve written an essay about it, and it is online now.

The brief version: Americans are skeptical of policies that directly raise the cost of energy, such as a carbon tax or cap-and-trade program. But polls show that most Americans are in favor of policies that promote clean energy even if those policies indirectly raise the cost of energy. One example is a mandate requiring utility companies to use more clean energy; most states already have such a mandate, and Michigan and Nevada have recently made theirs tougher. Another example is federal spending to subsidize clean energy — a program, in other words, that looks like a Green New Deal.

Obviously, programs like these don’t eliminate the costs of moving away from dirty energy. But they can change the political calculus. When a policy calls attention to the costs of the transition, as a carbon tax does, people are wary. When a policy calls attention to the benefits, people often have a more favorable attitude and are willing to accept slightly higher costs.

As a result, many climate activists have been changing their political strategy in recent years. “It makes sense to set a goal,” as Rhiana Gunn-Wright, a climate-policy expert, told me while I was reporting the magazine story. When people understand the goal — like a clean-energy economy — they are much more open to solutions than when the policy discussion focuses on mechanisms for reaching that goal.

Even if the country adopted a sensible climate policy today — and it’s inconceivable under President Trump — it is too late to avoid some of climate change’s terrible damage. But it’s not too late to make a big difference.

My article is part of the Magazine’s climate issue, and you can find more of it here. The theme is deliberately scary: “Putting a Price on the End of the World.”

Also, the writer Nathaniel Rich has just released a book based partly on his August 2018 cover story for the Magazine on the history of climate policy. Last night, Nathaniel and I talked about climate change at the Brooklyn Public Library, and you can watch the conversation here.

Related: Thomas Friedman argues that smart climate proposals could well be damaging to a president who has denied climate change at every chance he’s gotten. “If Democrats approach this right,” he writes, “they can win on this issue in 2020 and make Trump the laughingstock.”


Have a great weekend.  Read about octopi.  And climate.

 

Tax The Rich?

April 11, 2019April 11, 2019

The Patriotic Millionaires held a half-day conference in DC yesterday morning.

Fox News’ Stuart Varney hated it.

Not that he attended, but he didn’t need to.

He hates socialism — and apparently believes that America in the 1950’s under Eisenhower (when the marginal rate on the best off was 90%) was a socialist country . . . that America remained a socialist country in the 1960s and 1970s under Kennedy, Nixon, Ford, and Carter (the top rate was 70%) . . . and veered even more drastically socialist with the imposition of Medicare (as the Hollywood actor Ronald Reagan famously warned it would).

The truth, of course, is that lots of things people like are socialist: free roads, public education, parks, unemployment insurance . . . even the free quality health care that the citizens of all our industrialized competitors enjoy.

Instead of calling what Democrats — and most Republicans — want “socialism,” it might be more accurate to call it “Capitalism Plus.”

Patriotic Millionaires love capitalism.  But it needs to be regulated . . . competition needs to be kept vigorous (through anti-trust enforcement) . . . and the spoils of its success need to be shared (through, among other things, progressive taxation and a robust tax on billionheirs).

It’s perfectly legitimate to argue around the edges — how high should health insurance co-pays be, if you have them at all?  At what age should full Social Security benefits kick in?  Should the top rate be 49% or 59% or 69%?  Should it kick in only above $10 million in income?  $50 million?

And it’s important to try to think through unintended consequences.  Would a tax on high-frequency trading really produce $1 trillion?  Or would it just kill high-frequency trading or drive it offshore?  A lot of work needs to go into the details.

But you can’t tell me that if the corporate tax rate — cut from 35% to 21% in 2017 — were reset at 25%, it wouldn’t bring in more revenue.  Or that if the carried-interest loophole almost everyone decries were abolished, it wouldn’t bring in more revenue.  Or that if the “stepped up basis” on inherited wealth were done away with it wouldn’t bring in more revenue.

There are plenty of sensible ways America can remain capitalist — and become more prosperous — by taxing the very richest among us more heavily.  If you only got to keep $3 million a year instead of $4 million, life would go on.  Likewise, if you inherited only $200 million instead of $300 million.  The incentives would still be there to start new businesses and get rich, just as they were there in the Fifties and Sixties and Seventies.

With that background, watch the conference? (Or on Facebook here?)

Or just the first few speakers?

 

270 Or Bust

April 10, 2019April 10, 2019

Picking up from yesterday . . .

(“According to a new poll, 55% of Americans favor abolishing the Electoral College.  Unfortunately, because of the Electoral College, 55% is less than half.” — Seth Myers)

. . . here is Why Every Argument For Preserving The Electoral College Is Wrong.

And here is how we fix it — the National Popular Vote Compact.  We’re up to 189 of the needed 270 votes.

We’re getting there.

(But as I’ve mentioned in the past: don’t worry!  Each state would still have two senators, so the sparsely populated, overwhelmingly white, states would still have far more than their proportional share of power overall, and a disproportionate say in the composition of the Judiciary Branch.)

 

It Took 99 Years, But H.L. Was Right

April 9, 2019April 7, 2019

From Commander In Cheat:


You might be thinking, “What does golf have to do with being president? What does it matter that he cheats at it? What’s it got to do with leading the country?”

Everything.

If you’ll cheat to win at golf, is it that much further to cheat to win an election? To turn a Congressional vote? To stop an investigation?

If you’ll lie about every aspect of the game, is it that much further to lie about your taxes, your relationship with Russians, your groping of women?

If you’re adamant that the poor don’t deserve golf, is it that much further to think they don’t deserve healthcare, clean air, safe schools?


Oh, and there’s so much more.  Not that any of the parts I’ve read are surprising.  (“Somebody who makes his caddies cheat for him to earn their tip is not a gentleman. Somebody who bullies and manipulates and yells that his courses are the best in the world when that world absolutely knows otherwise is not a gentleman.”  As if there were anyone in the world who thinks Trump is a gentleman.)


I checked.  According to Snopes, H.L.Mencken really did write in the July 26, 1920 Baltimore Evening Sun: “As democracy is perfected, the office of the President represents, more and more closely, the inner soul of the people. On some great and glorious day, the plain folks of the land will reach their heart’s desire at last, and the White House will be occupied by a downright fool and a complete narcissistic moron.”


We have so many great Democrats running for President, many of them until recently all-but-unknown.  Yesterday, I linked to Mayor Pete on Meet The Press.  Pretty much out of the ballpark, no?  Here’s another: John Delaney.  Given him 48 seconds.  If you’re intrigued, the whole 9 minutes.

Whoever accepts the nomination in Milwaukee July 16, 2020, will need us to have done a tremendous amount of voter registration and organizing now, in 2019, and in the first half of 2020.

If you’re for powering a massive blue wave that puts the country back on a sensible, progressive path, click here.  I’ll see whatever you do, to say thanks.

Don’t be put off by the huge numbers — there’s a field to enter a human-size contribution, too.  I’d rather have 50,000 $50 contributions than 50 $50,000 contributions.  But until we get campaign finance reform, we need both.



Seth Myers: “According to a new poll, 55% of Americans favor abolishing the Electoral College.  Unfortunately, because of the Electoral College, 55% is less than half.”


It Takes All Kinds

April 8, 2019April 7, 2019

Did you see this Army vet’s commentary on CBS Sunday Morning?  She makes the case that military service should not be limited to straight white men, as it once was.  That our military is stronger (and more American) if it can draw on the talents of qualified black, female, and LGBT Americans, too.  The Trump Administration disagrees.


Did you know that, a century ago, it was pink for the boys, blue for the girls?


This gender stuff can be confusing — even threatening.  It certainly was to me growing up.

Or it can be about self-expression and freedom.  Life, liberty, and the pursuit of happiness.

“Between the Shades” is a documentary fresh from the festival circuit to iTunes this month.  Already in hundreds of libraries and colleges (Penn State, Duke, Columbia) and licensed by PFLAG chapters, it shows that, in addition to your basic (wonderful!) heterosexual males and females (I can’t emphasize this too much: I am a huge fan of heterosexuals) . . . there is an almost endless palette of other shades.

Fifty folks are interviewed, ranging from the very square, who could easily pass for straight if they wanted to, to some variations you might not before have encountered.

But whose happiness you might find yourself rooting for.

Imagine if high school kids were forced to watch this film at the end of their sophomore year, just before going off on summer vacation.

“We are forcing you to watch this film,” the principal or guidance counselor might say just before the lights dimmed, “not to make you uncomfortable — though we imagine it will make some of you uncomfortable.  And not to confuse you, though we know gender and sexuality can be confusing at any age — and certainly for kids as young as you.  No way do you need to label yourselves today.  Or try to fit yourself into some category other than ones into which most of you do or will fall: standard straight males and females who for much of history in most societies were the only visible or acceptable categories.  (And let us be clear: we at this school love and admire standard straight heterosexuals.)

“Rather, we are forcing you to watch this documentary for three reasons:

“First:  In your lives — and perhaps even in this school — you will encounter people whose gender expression doesn’t fit the norm.  You may hate them or fear them — or love and embrace them — or pretty much simply ignore them.  That will be entirely your choice.  But we wanted you to have a chance to meet some of them today so you’d be aware of what’s out there in the world.  Our own feeling is: good citizens, and good friends, can come in endless varieties.  We’d like you to consider that point of view.

“Second:  Many kids your age have an easy time knowing who they are in terms of sexual orientation and gender expression — and that’s great.  And many more, given peer pressure, pretend they know.  But an awful lot of kids don’t know — indeed, some adults don’t entirely know until they’re much older — and we want those kids to know they are not alone.  And that there’s no rush to figure it out.  And that happiness is possible for every student in this room even if, as is so natural growing up, you feel unsure or insecure about some of this stuff.

“Finally:  We’re forcing you to watch because we know that for most kids this stuff is embarrassing.  To have to raise your hand and ask a question about sex is really hard. To stand out from your peers because you chose to attend a film like this could be really hard.  We don’t want to put any of you in that position.  So look: feel free to say you hate being here.  That you hated watching this film.  Either because you actually did hate it or because it embarrassed you or because you actually found it very, very interesting and didn’t want anyone to know.

“But consider this: kids kill themselves over fear they won’t fit in . . . that they will be rejected for being different.  We at this school want all of you to know that if you’re honest and kind and useful, a wonderful life can lie ahead for you no matter how traditional or untraditional your love life winds up being.  Just ask the folks you’re about to meet in this film.”


Something like that?

If I were giving that speech today, I might add, “Hey, the people of Chicago just elected a lesbian mayor.  The people of Colorado just elected a gay governor.  The CEO of Apple is gay.  The CEO of United Therapeutics is trans.  A thoroughly credible candidate for President who acquitted himself superbly on Meet The Press this past Sunday was reelected mayor of South Bend as an openly gay man with more than 80% of the vote.”

Love is love.  In America, all are welcome to contribute.

Or at least — Trump notwithstanding — we’re getting there.

 

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