The Voice of Joyce: Periscope 11 Am  THE GRASS ROOTS PAC! Just Thinking..

July 31, 2015

2cb02eeec022aaa6acf4eaae43f1cd69-1Photo on 7-6-15 at 3.51 PMWhat concerns me?

Today I received another plea/petition to end Citizens United . I believe in that, so I signed. Then I received a donate slip, $5.00,  I could  afford the amount, so I donated, weighing whether this was a legitimate site. No matter, I could afford to lose the $5.00. At the very end of the donation, an ad popped up stating that I had contributed to THE BLUE PAC? I had no idea what that was. I thought I was contributing to a grass roots movement.
My question, is everything done through a SuperPac nowadays?

If so, where is a red or purple PAC to end Citizens United? Is it necessary?

If this is a PAC, is the money going to a Party or can we assume the money really is going to ” Lobby” Congress on behalf of all Americans; Blue, Red, Purple?

When do we see action to determine that our contribution , no matter how big or small,  is accomplished?

Do we know if anyone is on paid salary?
So many questions, anyone have the Answers?

  • Thanks for listening and looking forward to your comments .
  • If this  petition/PAC is authentically well meaning, perhaps we should consider a PAC for #TaxRisk/StopInequality and another PAC #BlackLivesMatter…….?
  • Perhaps we should save our money and contribute to our causes first ?
  • Give money to candidates , if they support our causes and pledge their money to support causes on behalf of the People? We want to reward candidates who will further our Agenda and pledge a timetable for action, preferably before the election?
    The Voice of Joyce: the ❤️and the Pulse of America!

The Voice of Joyce: #TaxRiskStopInequality; correction of earlier Posts 

July 30, 2015

2cb02eeec022aaa6acf4eaae43f1cd69-1

Beleaguered Billionaires

Beleaguered Billionaires

Dear followers:
After more research on Derivatives and Fast Trades, I realize I have combined  Financial products and a Computerized Trading Platform: Derivatives and Fast Trades .  Please read on!
While derivatives are indeed, Weapons of Mass Destruction, they are a Financial product .   According to Warren Buffet, Derivatives which include  CDO’s  (  credit default swaps) are Weapons of Mass Destruction.  These financial products brought us the Fiscal collapse of 2008.  They are too Risky to remain opaque and un taxed.    They comprise bonds of dubious quality with a variable range of interest rates depending on their degree of risk.   As you may recall, these Bonds were highly leveraged and backed by air in 2008. That’s why the Banks, some Hedge Funds and AIG were bailed out by the taxpayers . If we had allowed them to fail, or made the Bankers responsible and accountable for these Financial Instruments, the Global Economy wouldn’t be suffering today.
Instead, we bailed out the bankers at the people’s expense. Seven yrs later we’re still suffering.  Austerity does not work. Propping up the lenders and not the borrowers does not work. To take risk out of the system, I’ve proposed a moderate tax on Derivatives.  I’ve revised my thinking and have corrected the amount of revenue to be collected when Derivatives are taxed at 6 Basis Points.   if we taxed Derivatives 6 basis points, which is 6 cents on a $100.00 bundled  of every trade or .0006 cents at $ 1.1 Quadrillion dollars ( which is  $1,100 Trillion reported as the amount of Derivatives being traded February, 2015)  the country would reap $660 Billion in revenue.

When I first reported on the volume of Derivatives in February , 2014, Derivatives were only $ 360 Trillion now they are $1.1 Quadrillion .  An awesome amount considering that these instruments are unregulated and have created a system that is Too Big To Fail , even more unstable then in 2008.

  • At over a Quadrillion traded, wouldn’t you prefer less risk and a balancing of our system to favor stability?  It’s our choice?     But wait , there’s more, as they say in “infomercials”!

If we  taxed Fast Trades ( millisecond trades) at the same amount  as Derivatives, we would add Several Billion more to our revenue Stream. Why Fast Trades, because they are a risky, opaque automated trading platform, which depends upon a mathematical model, algorithms.  They are non competitive and have an unfair advantage.   When you consider the Billions that move through the market every day, the Country would reap Billions  more from another revenue stream. Fast trades are in effect Insider Trading. These opaque custom, computerized millisecond trades make the market. No human can type fast enough to compete.  Additionally, these trades make balance sheet reporting obsolete, since trades are based on speed and profit motives, not value investing.   That’s why they should be taxed. Should they be regulated, probably, but we’ll spend years trying to compete with an industry that has unlimited funds at the People’s expense. I’d rather tax them and stop inequality now. In France and other countries, when these trades, which comprise 50% of our market , were taxed, risk and trading were reduced by 10%.   I call this a win win.  For an understanding of Fast Trades, I’ve enclosed Mark Cuban’s Blog Post .

I understand this is may be a novel idea!  Like everything else, this is dependent on Congress for Passage. However, we need money now, we need good paying jobs now, we don’t need to create more Risky Systems at our expense. The Hedge Funds and Bankers have partied at our expense for 7+ yrs.  Wouldn’t you agree it’s time to Resurrect the Middle Class?  Finally, we have a way to move forward and quickly. Why not support #TaxRiskStopInequality, now!

  • Insist upon it and we can start moving forward.
    Thanks for reading, following and sharing this information. Wishing everyone only the best. Joyce

The Voice of Joyce: Periscope 11AM #TaxRiskStopInequality

July 30, 2015

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THE HEART & PULSE OF THE

MIDDLE CLASS!

Dear Followers:
Please tune in today for my live chat on #TaxRiskStopInequality. Hear my updated and revised thoughts on Revenue and jobs for the Middle Class. See you at 11am . Bring questions too!


The Voice of Joyce: Heart & Pulse of the Middle Class : Tune in to Periscope 11AM

July 28, 2015

2cb02eeec022aaa6acf4eaae43f1cd69-1Photo on 4-29-15 at 11.55 AM #2The kids are wrong. The Middle Class can’t spend their way out of Recession. Retired people can’t do it. Wall Street is hoping the consumer will return. It isn’t possible without higher wages and more jobs for more people at all levels of competence?

  • We need jobs. It’s the Economy,  stupid! Without another massive stimulus program , we’ll fall into a deeper Recession. Just like 1937. Only I don’t want a war to turn the Country around! I want to #TaxRiskStopInequality.

A couple of small answers to our dire situation:

  • The Senate may expand the SBA by $5 Billion.  Increasing the funding from $18.75 Billion – $23.5 Billion  A start,  people are driven to start businesses because there are no other ” good” options.  1100 applications are awaiting funding.     Most,  I would think,  need a minimum of $25,000-$50,000+? (This section has been corrected due to an error in reporting Millions , not Billions .  Sorry for the confusion.)
  • In 2 weeks, guess there most be a time out for vacation, Cuomo and Christie to meet on  tunnel and rail planning upgrades in our Northeast Corridor. We’ll be watching!
  • Biden and Coumo are starting to work on LaGuardia. Let’s keep a count of new jobs. $4.5 Billion being spent, not the $ 16 Billion proposed. A start? On most construction projects Labor costs could run 40%.   Will we see upwards of 30,000 jobs?

#LivesCount!  Keep up the pressure for more work, more stimulus and higher level jobs!


The Voice of Joyce: Bad Judgement Rewarded

July 27, 2015

thevoiceofjoyce

2cb02eeec022aaa6acf4eaae43f1cd69-1arpyBLp_700bOver the top behavior is never appropriate, so , it’s with some chagrin that I read that Phil Graham is to testify before the Banking Commission on his Regulatory expertise! LOL. He was one of the architects of Graham Leach Bailey, the Bill that destroyed Glass Steagall and gave Derivatives a place to grow and expand which led to the money instrument of choice when our Economy crashed in 2008. Lest we forget, “Derivatives ” brought down our Economy and the Global Economy in 2008.

  • Worse, more ” bad” economic decisions to impacting our Society.
  • Sad to watch as we lionize Politicians that act on their own behalf, rather then using good judgement to fund programs that work for Americans.

One such program, the SBA ( small business association) has been shut down for exceeding it’s $18.75 Billion Budget? 900 applicants still await approval. However, when we close off employee…

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The Voice of Joyce: Bad Judgement Rewarded

July 27, 2015

2cb02eeec022aaa6acf4eaae43f1cd69-1arpyBLp_700bOver the top behavior is never appropriate, so , it’s with some chagrin that I read that Phil Graham is to testify before the Banking Commission on his Regulatory expertise! LOL. He was one of the architects of Graham Leach Bailey, the Bill that destroyed Glass Steagall and gave Derivatives a place to grow and expand which led to the money instrument of choice when our Economy crashed in 2008. Lest we forget, “Derivatives ” brought down our Economy and the Global Economy in 2008.

  • Worse, more ” bad” economic decisions to impacting our Society.
  • Sad to watch as we lionize Politicians that act on their own behalf, rather then using good judgement to fund programs that work for Americans.

One such program, the SBA ( small business association) has been shut down for exceeding it’s $18.75 Billion Budget? 900 applicants still await approval. However, when we close off employee involvement in our economy, when we wish to encourage entrepreneurs,how is it possible to provide so little for so many? Where is our ladder out of poverty? (Please note: There was a correction from Million to Billions.  Sorry for the confusion)

  • When does this absurdity stop? Tune in to Periscope at 11 am. See you later!

The Voice of Joyce: ” We ” are the Revolution

July 26, 2015

2cb02eeec022aaa6acf4eaae43f1cd69-1Photo on 7-26-15 at 11.43 AM #2Guns have become the easy outlet of rage for those already unstable. The same holds true for tensions among the races. It’s the Economy, stupid! It’s making people testy and stressed out. It’s here, it’s everywhere.
It’s a damn shame, we , the AMERICAN Citizen, watches a Political circus unfolding before us, fraught with the illegal use of ” big money”, marginalized, except if you reside in a “swing” state, while so many of our neighbors starve. In the New York Times, 7/25/15, Benyamin Applebaum reports on the leak by junior staffers at the Fed. Contrary to Public pronouncements, the staffers leaked a report stating that the economy would continue weak through 2015. While inflation would remain lower than 2% through 2018. Sobering thoughts. What are we doing as a people? Why have we lost our voice, our dreams?

In Egypt, the people are using Facebook to shame public officials, some of whom have never stepped into a public healthcare facility. We are so busy spending money on War, we have forgotten that ordinary people are facing catastrophic losses of their Liberty and their livelihood. When do we rise up with one  “global” voice and demand change?
I’ve cajoled and persuaded everyone I’ve met to listen to the sad tale of The American People as we have been led away from Democracy and back to enslavement and worse , murder for some. Why? Because of the Greed of the few who rule the many? Faulkner said it best, to paraphrase , ” it’s a good thing man has a short memory . otherwise , he would be compelled to act to correct the grievous injustice he sees!”
If there is a way to rise up short of Rebellion, let me know. Last year I thought everyone should take a vacation in November, maybe the time to strike, to stop paying your bills, your credit cards, your student loans is now? I know of no other way to shine the light on our plight. No one running for office today, can change our Political System , our institutions , or our ” human condition”. Only “we the people ” can demand change!

It’s comforting for me to know that through your active support,  ” we”, dear followers are changing the conversation of our Nation!   Together, there is an acknowledgement of our National condition, on the Political and human Justice level. I’ve received 2,000 encouraging comments on my Blog site and our Community has grown to 208,000+. Together, “We ” are changing the National dialog.
Will you join me and meet up with me in person on Monday, at Cup of Joe @ 2PM ! The coffee shop is located on Columbus Ave and 69 th Street. Looking forward to meeting some of the People following me. The Revolution continues as we discuss solutions to our American condition.

  • Also, Tune in to Periscope @ 11AM for our continuing conversation . Thank you for your  support. See you Monday.

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