Matt Micros's Blog: Rantings, Ravings & Remembrances - Posts Tagged "trump"

About 2 to 3 times a week, my wife and I will be watching the news or having a conversation about something that happened that day, and I'll respond with "What is wrong with people? It's common sense. I could have tax reform done in a day." To which she always responds, "Yes, you should be a lead economist. I just don't know where you will find the time." Of course, I pick up on the fact that her voice is dripping with more than a little sarcasm, but I ignore it because I truly believe I could solve the world's problems if only I were given the chance.

Today, I'm going to take my shot at a few of the problems in the news and how I would handle them. You can be the judge if I shouldn't quit my day job. ;)

BUSINESS
THE AIRLINE INDUSTRY: Yes, United Airlines has been in the news this week with the horrific way they, along with airport security, handled an overbooking situation on one of their flights, but it really could have been any of the airlines. They ALL overbook. The thing I don't understand is why? Even if a person doesn't show for a flight, the seat is already paid for. Why the need to try and double sell a seat? Wouldn't selling exactly the number of seats on the plane and having a few no shows provide a bit more flexibility in helping stranded travelers? When they all show up and you need to offer vouchers, that basically eats up your additional profit, not to mention leaves you with some bad word of mouth in the best case, and some extremely damaging PR in the worst.

The airline industry is such an unequivocal mess in terms of price, service, inconvenience and comfort, one wonders how they stay in business. The answer to that is fairly simple. They have you over a barrel. For longer distances anyway. Unless you have a week to reach your destination, driving or a horse and buggy are simply out of the equation for travel. Interestingly, flights of an hour or less might not actually save you any time at all over driving or the train when you factor travel time to and from the airport, check in, security, boarding, and baggage claim. But try driving 5 hours each way for 3 days in a row and get back to me.

So the airlines can charge what they like and most people will be forced to pay it. They can even overbook to maximize profits. So how do you fix it?

1. Regulate the airline industry. Let the airlines charge what they want, BUT the same type of seat should cost the exact same price. No variables allowed whatsoever. Competition will keep the costs down. If an airline charges too much, they'll have a number of empty seats. If the airlines collude to set prices, well, that opens up a whole new can of worms. For starters, it's illegal. But it's also difficult to prove. And now, with all the airline mergers and four airlines controlling 85% of the domestic travel, the competition has dropped. Competition is the backbone of a capitalistic society. If the airlines want to eliminate competition, then the government needs to step in and regulate prices. Plain and simple. Check. And checkmate.

2. Eliminate overbooking as a practice. Airlines do it to maximize profits. People that buy refundable tickets and don't show for a flight is lost revenue for the airline. So don't sell refundable tickets. I can't return a car after the three day period. I can't return a ticket to a concert. Why should I be able to return an airline ticket Insurance was created for those that are worried about the unforeseen coming up. With no refunds, and every seat sold, the airlines will get their money. But it doesn't enable the airlines to maximize their profits. You can't sell the same car to two different people. Why on earth should you be allowed to sell the same seat to two different people? Regulate the industry that won't regulate itself by making it illegal to do so. Or make it so people need to agree on a price with the airline to be involuntarily removed from a flight. No maximum amount. Everyone has their price. But it could be steep. Once that happens a few times, overbooking will be a thing of the past.

POLITICS
TAXES: TO REFORM OR NOT TO REFORM, THAT IS THE QUESTION...
This is a hot button topic these days, with President Trump making this one of his core promises on the campaign trail. Tax reform should be a cause that everyone can rally behind should it not? Pump the brakes, young NASCAR racer. Critics of the President sight his lack of transparency in releasing his personal returns as a necessity before agreeing to support any tax reform. Why? Because they want to make sure he isn't going to benefit from such decisions. Really? When did we become a country of sniveling little brothers and sisters, ratting out our older siblings because we feel they got something we didn't? Personally, I couldn't care less if Trump releases his returns as long as everything in them is legal. And I'm fairly certain that with the IRS auditing his returns, if there was something illegal in them, we would know about it. But what if he pays a lower percentage of taxes than I do? Or worse yet, what if he pays less taxes overall than I do?? I circle back to my original response. As long as it's legal, I have no problem with that. Well, I might have a problem with it, but it isn't with the president. It is with the people that created the loopholes to begin with. Yes, those same people in congress that are screaming for President Trump to release his returns. What amazes me is how the government runs its business. How on earth can you run a business without having any idea how much money you are going to bring in to cover your expenses? It is no wonder we are constantly running a deficit. If I ran my business that way, I'd be out of business. So how do we fix it? It's pretty simple really. Eliminate the loopholes. What you owe is what you owe. It would certainly make it easier to balance the budget if you knew what you were going to be bringing in. What about charities? Sure, you could leave that in as a write off, but I've never understood the logic behind the argument that if we did away with write offs, no one would donate to charity. People donate to causes they believe in IF they have the money to do so. But a write off isn't a one for one trade off. No one is going to donate $5,000 they don't really have to spend so they can save $750 on their taxes. Not sure what I mean? Let's look at an example. A married couple filing jointly makes $75,000 a year. Under our current tax code, this couple will pay a 10% tax on their first $18,550 in income and then 15% on their income from $18,550 to $75,300. It comes to a total of $10,317.50 in taxes, leaving $64,677.65 left after paying it. In contrast, let's say this same family donates $5,000 to the American Cancer Society (a very worthy cause). They now have $70,000 in taxable income instead of $75,000. Calculated the same way as above, they would now pay $9,572.50. That is $745 less in taxes you say! Yes, it is, but you are also left with only $60,427.65 in income after the taxes have been paid. That is $4,250 less in disposable income. If someone said to you to invest $5,000 to save $745, what would our response be? Take a leap off the George Washington Bridge I'm going to guess. The point being as a business deal, it is bad business. And the real point being, that people don't give to charity for a tax write off. They give because it's worthy and they have the money to do so. Period. But if people don't want to buy into my argument, you can keep that as your only write off. You'd still have a much better idea as to what income would be coming in to run the government, and in turn, what money you have to spend.

Let's circle back for a moment to Trump's tax returns and who benefits most from reform. If the reforms were across the board cuts, the uber wealthy would benefit the most of course. As they should, since they pay the most taxes to begin with. The top 5% (income wise) of the people pay more than 60% of the nation's tax base. Think about that for a second. 5% of the people pay 60% of the taxes. If someone said to you, they were going to give you $2,000, but you had to pay a dinner bill of $1,200 or they were going to give you only $900, but you didn't have to contribute at all to dinner, which would be a better deal? Personally, I'd take Option B. Obviously that is an extreme example that wouldn't happen under our tax code, but what does happen under our progressive tax code, is that a couple making $150,000 more in income than another couple, only makes about $105,000 more once taxes have been paid. Still a sizable amount of money to be sure, but it also serves to illustrate that the uber wealthy (of which I am not), if you eliminated the loopholes and write offs, would end up paying more than their fair share. So when people complain that the rich would potentially get too much of a break under tax reform, I'll admit, I don't understand the complaint. I don't care if someone else gets a break, or even more of a break, as long as I get one too. And sure, the break will be more for the millionaires, as it should be, because they pay more in taxes to begin with! My solution? Eliminate loopholes and minimize write offs. Create MORE tax brackets, not fewer. There is a big difference between a family of four making $435,000 a year and one making $4,000,000 a year and yet those two are treated exactly the same. Closing the loopholes and adding tax brackets would accomplish two things. 1) We would have a better shot at balancing the budget. 2) The uber wealthy would likely end up paying MORE in taxes even if you lowered their tax rates.

AS THE SPORTS WORLD TURNS...
TEBOW TIME
Tim Tebow is a tremendous all around athlete who is now trying his hand at professional baseball after his football career didn't pan out the way he and his legion of fans would have liked. He is also by all rational accounts a terrific person. Humble. Kind. Hard working. Generous. So why the hate?

I simply don't get it. I'm not a Florida Gators fan. I'm not a bible thumper. But I can't help but root for the guy. In a world of professional athletes and entertainers that beat their spouses, drink too much juice (booze), take too much juice (steroids), shout drunken slurs, and start bar brawls, Tebow is a breath of fresh air.

He stops to sign autographs and take pictures. He started a foundation that helps children with special needs. He even comforted a fellow airline passenger and a fan at a baseball game, both of whom had collapsed. They should be giving this guy a medal, not grief. Those that argue he wasn't a good football player, I'd argue he was, but his style didn't fit the NFL game and none of the coaches nor fragile starting QBs wanted to deal with the circus following for a backup QB. But that's somewhat irrelevant. Those same people are now arguing he doesn't deserve a chance to play minor league baseball because he hasn't played in more than ten years. "So what" is my response to that. Every day people get a break because of who they know or what talent they bring to the equation. Kids are accepted to college because they play the flute. Or because they scored well on a standardized test. Adults get jobs because they know someone who knows someone. Tebow is a tremendous athlete with an outstanding work ethic, who has been a leader on every team he played. He won a Heisman Trophy and two college national championships. How could that be bad for any team, even if he hit .100? The answer is that it isn't. Haters are gonna hate, but deep down in their heart of hearts, they know they're wrong. They know they are not capable of a rational thought where he is concerned. Maybe it's jealousy. Maybe it's insecurity. Maybe it is uncomfortableness at his unwavering faith that he wears openly. Whatever the reason, it's time to get over it. It's Tebow time.

ENTERTAINMENT
Lost in the glut of superhero movies and reality television is the ability to tell a good story. It doesn't need to be complicated. Maybe it's teen angst. A character driven romance with the music of the gods. Movies like Pretty in Pink, or the lessor known Some Kind of Wonderful, both John Hughes classics. Or the adult version of the other side of the tracks romance, Cameron Crowe's, Jerry Maguire. Those stories were about love, loyalty and friendship. And that's the problem with the film industry these days. It doesn't stand for anything. The top 15 highest grossing movies of 2016 were dotted with animation, superheroes and a pair of rogue Star Wars movies. Not a single feel good romance in the lot. Don't get me wrong. There's nothing wrong with a superhero or a clever children's film. But where are the simple stories that make you feel a little better after you've seen them than before? They aren't for everyone, but those that agree, I've got one for you to check out from 2013. The Way, Way Back stars the underrated Sam Rockwell as a well-meaning, but irresponsible manager of a water park who befriends an awkward teen who is there for the summer. It is a simple story of an unlikely friendship, single parent family dynamics, with a little bit of romance thrown in for good measure. It is the sort of story whose description doesn't come close to adequately describing its virtues. With understated direction by Nat Faxon (Academy Award winner of the Best Screenplay for 2012's The Descendants) and Jim Rash, let me just say, The Way, Way Back is clever, witty, sweet and wonderful. Do yourself a favor and dial it up on demand.

More to come next week, folks. Until then, do something nice for a stranger, and do something nice for yourself by doing something nice for a stranger. ;)

Sanctuary! Sanctuary! No, I wasn't just watching Charles Laughton in The Hunchback of Notre Dame as he pulls Maureen O'Hara from the platform, but I might as well have been with District Judge William Orrick playing the Laughton role. Illegal immigration is a difficult topic and one where I can see both sides. On one hand, I certainly don't want to see families split apart. On the other, I have seen families struggle to gain their green card legally. For the record, I think the Judge was likely correct in his interpretation that federal funding can come with strings attached, but you can't attach them after the fact. Having said that, those strings likely will be attached in October with the new Congressional fiscal year. But this article isn't to argue the policies of the new administration, or even the ruling from the Judge. It is to voice a concern over how any judge can be impartial after having raised $200,000 for President Obama, and donated $30,000 personally to him. Sometimes the appearance of impropriety is enough to wither the faith of the American people. And I'm talking about partisan politics on both sides of the aisle when I say that, even though both sides are equally in denial. An even a greater concern to me is when states try to take federal law into their own hands. What is the point of having a federal government when states are going to ultimately do what they like? Might as well eliminate the government, let people live in the areas that most closely represent their beliefs socially and fiscally, and cut out the government waste.

Speaking of things that make no sense....PMI. Private Mortgage Insurance. For those that don't know, PMI is required for anyone who puts less than 20% down when buying a home. It serves to help the lender, but is paid for by the BUYER until they reach 20% equity in the home. If a house is foreclosed on, and the bank is forced to sell at a loss, PMI pays the bank the difference. But here's the kicker that most people don't know...The private mortgage company then can come after YOU to recoup their losses. You pay for the bank's insurance and then the insurance company comes after you. Whaaaaaattt??? What's the point of having the insurance to begin with? If they aren't going to cover anything, what's the point in paying for it? Here's another thought. Wouldn't the number of foreclosures likely decrease if people weren't required to pay an extra $200-$600 a month in PMI? And isn't that the objective? Fewer foreclosures help the banks, help the mortgage insurance companies, and helps the owners. Now why would we want to do anything that does that?

AS THE SPORTS WORLD TURNS...

With the NFL Draft rapidly approaching, the question of character is a frequent topic. In particular where domestic violence or violent backgrounds of potential draftees are concerned. Joe Mixon, a star running back from Oklahoma once punched a woman in the face so hard, she required 8 hours of reconstructive surgery. Caleb Brantley, a 300 pound defensive lineman from the University of Florida also punched a woman, knocking her unconscious. Yes, she pushed him first and words were spoken, but c'mon man. Seriously? I have three thoughts on the subject. 1) I am sickened when any person gets violent with another. There are alternatives to solving problems. Don't get me wrong. I'm not a pacifist. But violence should be a last resort. Let the air out of their tires. Pour some sugar in their gas tank. Give them a hot foot. When did we lose our creativity in payback and solving disagreements? 2). The violence won't stop until these people lose something of value. If they go undrafted, and are forced to work long hours for low money just like the rest of us, maybe the next person will think twice before acting. 3). Any team that drafts one of these clowns will be a team I actively root against. Stand for something other than the almighty dollar, NFL owners.

MOVIE OF THE WEEK
Like a good story? Sharp, witty dialogue? Enjoy a heart tug or two? Tired of critics who claim a movie is good simply because it is different with its horribly depressing ending? Have I got a movie for you. Nobody's Fool (1994) stars Paul Newman, Jessica Tandy, Bruce Willis and Melanie Griffith. Donald "Sully" Sullivan (Paul Newman) is an expert at avoiding adult responsibilities. At 60, he divides all his time between a local bar and the occasional construction job. When his estranged son, Peter (Dylan Walsh), arrives in town, bringing with him a son of his own and a sob story about his failed marriage, Sully finds himself assuming the roles of both father and grandfather. After a life of unchecked self-indulgence, he wonders if he is up to the task.

Let me tell you that this movie is one of my all time favorites. The dialogue is understated but hilarious. Jessica Tandy's character is a school teacher who had taught Sully, and has always had a soft spot for him. When she asks him why he always bets on the trifecta horse race every day, Sully responds with, "Because it's due to come in one of these days." Her response, "That's exactly how I feel about you, Donald."

A movie about family, loyalty, and friendship. The acting is superb. Do yourself a favor and watch this movie. You won't regret the time spent.

Until next week....

I've tried to sit on the sidelines, thinking like most things, this too, shall pass--the "this" being the ever growing political divide in our great nation. But as I watch nightly depictions of rioting, protests ending in violence, court rulings, and FBI firings, I realized I can't sit back and do nothing. I can't sit back and not SAY anything. I see friendships torn apart. I've even heard of marriages falling apart following this year's presidential election.

But here's the thing, and there's really no way around it. Everyone is wrong. Yes, you read that right. Everyone is wrong.

Full disclosure: I think the press should report the news, not make themselves a part of it by inserting themselves and their opinions into it every single day. I don't like some of the careless and hurtful things candidate Trump said, but I like President Trump's ideas on business and taxes in an effort to jump start the economy. I think building a wall between the US and Mexico would be a historical waste of money and time. I agree that the ACA has helped a great many people, but at the same time, has hurt a great many people. I think it needs to be replaced or at least improved, but I think the current replacement being offered is ten times worse. I think Merrick Garland should have been given a hearing for the Supreme Court, but that the Democrats in Congress that tried to block Neil Gorsuch's nomination, missed a tremendous opportunity to show the country that the country comes first, just like the Republicans did.

I think Paul Ryan is a waste of space, who is out of touch with half the population and lacks the leadership skills needed to run a kickball league much less a Congress. I think Chuck Schumer is a smarmy, hypocrite who seems to have trouble recalling what he said yesterday, much less a few months ago. I think both Hillary Clinton and John McCain have served the country, sometimes well, sometimes not so well, and now they need to ride off into the sunset, never to be heard from publicly again. I think Jim Comey was horrendous at his job, but recognize that factors out of his control probably impacted his ability to DO his job. I think Congress should pass through a rule that requires only 51% of the senate to break up a filibuster in order to pass legislation, regardless of which party is in control. How else can anything be expected to get done? If legislation passes that works, aren't we all better for it? And if it doesn't, vote them out at the next opportunity. Unfortunately, I think many in Congress recognize that the buck stops with the President, and they can get away with doing absolutely NOTHING and keep their jobs, rather than putting themselves out there and risk alienating their voting base. It's the Potomac Two Step, and a pretty good reason for term limits.

But more than anything, I realize that I could be wrong on one or two or even all of the above. They are my "opinions" and this country was founded on the viewpoints of its founding fathers, some of which needed to be amended over the years. So who am I to think that my viewpoints are all correct? Who is anyone for that matter? And that's why everyone is wrong.

They're wrong because too many people are intolerant and insulting to anyone who sees things differently than they do. The thing is, you could take nearly any issue and bring up valid points on opposite sides of the argument. Think the ACA helped millions of people gain insurance that otherwise would never have it? You'd be right. But if you think that the ACA had loopholes in it that raised premiums for people that couldn't afford to have them raised, in turn dragging them into the poverty level, you'd be right on that as well.

Don't want to see the families of illegal immigrants split up? Understandable. But if you're upset because friends can't gain a Green Card or Visa that have tried to do everything the correct way, that's understandable as well.

Think the rich should pay their fair share of taxes? I'd agree with that. But how do you define rich? Is it fair to drag upper middle class into the middle class because you classify them as "rich" in comparison? Doing so might help preserve some excellent entitlement programs, but in the long run, does it demotivate the work force? What's the point of working hard if you aren't going to end up any better off than someone who maybe doesn't work very hard?

Social issues are even more complicated. Personally, I'm in favor of live and let live. People should be free to marry whomever they want or dress however they want. Pro-life? I can see how some people view the moment of conception as a life being created. But I also see the point of those that don't see it that way. And then I wonder if the government should even have any say on those issues at all? We could shrink the government, but then that might mean less help for the less fortunate.

I see people giving speeches that I completely disagree with, but still find it sad when those same people aren't allowed to speak at all. Isn't it a free country? Since when is violent protest the answer to any question or problem?

The bigger question is how do we solve the problems at hand? I'd start with a healthy dose of Aretha Franklin--respect. And follow it up by listening to opposing views rather than trying to shout over them. There are two sides to every argument. How can someone in California, who has never spent a minute living in the Midwest or rust belt, be critical of someone from there that has real issues and real struggles? Likewise, how can someone from a town of 10,000 people, understand the economic and social problems of a city of 10 million? They can't. Unless they listen.

Here's hoping people listen more, and insult less. Here's hoping that Congress and the President will attempt to do the greatest good for the greatest number. Respect--for each other. Sacrifice--to help others. Compassion--for those less fortunate. Understanding--that not everyone comes from the same background as you do.

In a world of left and right, right and wrong, the middle can be a lonely place to live. The good news is that there's plenty of room here and you'll always be welcomed with open arms.