Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

23 June 2024

In for a Penny, In for a Pounding


If nothing else, check out the video at the bottom of the page. It’s worth the trip.

What, you want an engraved invitation?

You’re a guy standing against a wall, wishing you could quietly leave the party. Hours ago, the needle of your Reject-O-Meter™ fuel gauge bottomed against the Empty peg so hard it wrapped around the pin.

A bevy of girls floats by. Their queen bee in the impossibly tiniest dress pauses before you and holds out her hand. “No excuse you can’t phone.” She drops something into your palm and stretches up to your ear . “Here’s a dollar to pay for the first call.” Giggling, she and her cortège disappear into the crowd.

She’s given you a dollar to make a call, but without a number, you wonder how to ring her… Wait, the dollar. You inspect it carefully. Ah, clever girl, extra points for ingenuity. There along the edge are numbers: 201-032-5… On anniversaries decades later, you’ll take out that greenback and gaze at it fondly.

Making Change

You visit the county fair. In the arcade are machines, some antique, some modern, but they have one purpose. For only a couple of dollars, you can drop in a coin and these gadgets will flatten it into a bangle, a pendant, a charm for a charm bracelet.

In other words, you can pay to watch a press ruin your pocket change, rendering them unspendable. Your friends had claimed they’d placed pennies on railroad tracks† to achieve the same effect, but you weren’t sure you believed them.

Meanwhile, the barker’s buddy in the next tooth practices a different art. You give him two banknotes, a $10 bill and a $1 bill, and he folds the tenner, creating a ring for your girlfriend, or a tiny heart, or an origami bird, flower, or beast. When he finishes, you can see $10 peeking through the paper windings.

As you turn away, Mr Fancy-Folder Fingers pockets not the $1 payment, but your ten-spot minus one corner. After he starts folding, he switches your ten dollars and continues with a $1 bill.

Ties that Bind

In the late 1800s, a distant great-something-grandfather put his young wife aboard a train to travel by herself across the great land. He took out a ten-dollar bill, a veritable fortune at the time, and tore it in two. He gave one half to his wife and handed the other to the Pullman porter.

He told the railcar attendant, “Kindly take good care of my wife. She’ll give you the other half on arrival, and I thank you.”

Financial Crimes

These scenes have one thing in common– the commission of a crime. Like that tycoon trope of the magnate lighting cigars with a $5 bill, the vignettes above feature a federal violation of law, specifically Title 18 USC, Chapter 17, §331-333.

The subject is damaging, defacing, debasing, and destroying money. It’s an offense rarely prosecuted, but of the examples mentioned here, only one party might find himself under arrest. Which one do you suppose?

The reason defacing or destroying money is seldom prosecuted is a matter of intent, specifically an intent to commit fraud. Thus the one character in the opening scenes who is vulnerable to prosecution is the origami expert, the guy who switched a ten-dollar note for a one-dollar bill.

Penalties, Fines and Times

The same USC law specifies fines and prison sentences for violating the law. It’s particularly harsh regarding fine metals. Crooks and swindlers have shaved valuable coins since ancient times, much more difficult with e-currency.

typeBillsCoinsGold
fine$100$100+$250k
term6mo5yr10yr

I’m not aware of a definitive resolution, but legal experts have debated whether free speech supersedes currency law. In theory, you could dump a basket of bills in the public square and light a match with mainly your spouse and fire marshal to object.

It’s not well believed, but the law applies to legal foreign currency as well. If you foolishly shred a €10 note or run a Canadian coin through a penny press, the same law applies, except you open yourself to loonie ridicule. (Mary and Melodie are presently rolling their eyes.)

Riding the Rails

In case the law hasn’t sunken in, consider the laws of physics. Here’s a very expressive video of why you shouldn’t flatten coins on a railroad. Video © Landon’s Animated Wheelhouse.

 
   
  © www.SleuthSayers.org

 

30 August 2023

The Picture on Pratchett's Wall



I just finished reading Terry Pratchett: A Life With Footnotes: The Official Biography, by Rob Wilkins.  I have written about Pratchett before but I want to discuss one aspect of his life that shows up a lot in this book.

Sir Terry Pratchett (or STP, as his fans called him) was a bestselling British author of comic fantasy novels.  That description is selling him pretty cheap, since he has also been called the greatest satirist since Chaucer.

And "cheap" is sort of the point, because I want to talk about his relationship with money.  Pratchett was raised by working class parents (his father was an auto mechanic).  He got a job as a reporter for a small local newspaper and later moved to public relations for the nuclear power industry.

During this time he had started publishing novels. After several had appeared he decided, with great trepidation, to try writing full-time.  His publisher (who became his agent) said "His conclusion was that he thought he would see a dip in income in the short term, but then he would quite possibly be all right."

Which turned out to be understatement.  At one point he and Wilkins (personal assistant turned business manager and then offficial biographer) calculated that his novels were paying him ten pounds per word.  I assure you those of us who write mystery short stories do not make that much.

Pratchett seemed a bit obsessed with money, which is understandable because, besides providing for the necessities and luxuries of life, it was a way of keeping score.  For many years critics were not lining up to heap his work with praise and awards. After all, this couldn't be serious work.  The wrote about vampires, for heaven's sake.  And golems.  It took all those serious critics a while to catch onto the fact that  his vampires struggled with addiction problems and the golems were fighting for their civil rights. 

Why do I say he was obsessed with money?  Here is one of many examples.  At one point he created a book that was different from anything he had done before and he was so offended by the bids publishers made on it that he took the book off the market for many years.  What was wrong with the bids?  He felt they were too high.  He worried that whichever publisher released the book would lose money.

I diagnose a case of imposter's syndrome, a terrible fear that people might realize he was not as good as they thought.


Fortunately that never happened.  Pratchett  was even knighted for his "services to literature" although he maintained that his greatest service to literature was never trying to write any.

He was not shy about donating money, including a million pounds for Alzheimer's research after he was diagnosed with an early-onset variant.  (He lived with it for eight  years. and remarkably kept writing until near the end.)  Generally he gave money to organizations that were also finding money elsewhere.  "Pratchetts help those who help themselves."

He kept a photo on his office wall, one he got from W.H. Smith's, Britain's biggest bookstore chain. Was it a cozy picture of the front of one of their shops? No. Perhaps a candid snap of him signing books?  Sorry.

It was a photo of the company's book-pulping machine, where unloved volumes went to die.

It was, he said, a reminder to write better.  And he did.


23 June 2016

Gods and Demi-Gods


Ever since the Orlando shooting, I've seen a lot more memes about how America doesn't need more laws, it needs to turn back to God.  But America has turned completely to its gods, which are money and power.  We sacrifice human beings on their altars every day, and guns are one of the ways we do it.  We swallow the deaths of 20 children, 50 people, a mass shooting every day, without a qualm because we know our gods are righteous and just and POWERFUL.  Money and power require these (and other) human sacrifices, because otherwise we would not realize how powerful - and false - these gods are.  Their worship is mediated through their denominations, (the modern, international corporations), their priesthood (lobbyists and politicians), and their demi-gods (celebrities and millionaires/billionaires).
  • The first thing to understand is that when money and power are gods, ALL corporations must make constant profits:  the latest economic doctrine - "maximizing shareholder value" - says that a corporation has no purpose but to make profits for its shareholders.  This means that employer/employee loyalty and customer service/satisfaction are both irrelevant.  Pensions and/or health benefits can and must be cut whenever it's expedient to the bottom line.  Jobs must be outsourced to the lowest bidder, taxes must be avoided by offshoring whenever possible, nationalism/patriotism is a 20th century concept (i.e., ridiculous) and the fact that unemployed people do not buy much is ignored.  The honest truth is the United States is no longer the preferred customer of most corporations, including Coca-Cola:  China is king.  
  • When money and power are gods, everything must be privatized, i.e., put into the hands of corporations.  At the same time, the corporations are no longer national, they are global, in order to maximize shareholder value (see above).  Government - on any level - is an impediment to profit, so it must be made as small and neutralized as possible, except when needed to help the corporations (see below).  
    • NOTE:  I am constantly amazed at how, in one of the most successful propaganda campaigns in history, our government (a democracy, where the government is "we, the people") has become more dangerous in many people's eyes than corporations such as Monsanto, R. J. Reynolds, Dow Chemical, and Smith & Wesson.  At least with government, I can vote the bastards out: corporations, can't even be sued any more (see Legal Restrictions below).
        President Eisenhower Portrait 1959.tif
    • Corporate profits must be maintained, at all costs, including military.  Eisenhower recognized the beginnings of this in his Military Industrial Complex Speech.  Since the end of the Cold War, there has almost always been an economic rather than political reason why troops are sent where they are, why outrage is expressed over certain international incidents and not over others.  (This is why, for example, the entire international community joined the United States to invade Iraq in 1990-91's First Gulf War, a/k/a the 710 War, but everyone stood on the sidelines and watched as 800,000 people were slaughtered in the Rwandan Genocide of 1994.)  And many aspects of war - supplies, security, etc. - are now routinely privatized to corporations which make a hefty profit with almost no oversight, including Bechtel (which was accused of  war profiteering), Halliburton, and Blackwater (which was brought before Congress in 2007 for "employee misdeeds," among other things).  
        • NOTE: In the run-up to the Iraq war, Halliburton was awarded a $7 billion contract for which 'unusually' only Halliburton was allowed to bid (Wikipedia - Halliburton)  It might not have hurt that Dick Cheney had been Chairman and CEO from 1995-2000.    
    • The gun manufacturers and armament industries must make constant profits, which means sales must be constant, and so the NRA preaches the complete and total ownership of any firearm of any kind by anyone at any time.  (Soon coming to your neighborhood:  personal flamethrowers!  Sadly, I'm not kidding.)  That's why each new shooting must be propagandized in whatever way that will increase sales:
    1. there are crazy people out there with guns, buy more guns now;
    2. the terrorists are coming to kill you, buy more guns now;
    3. the government is coming to take away your guns, buy more on guns now.
    • Also, to ensure constant profits for the weapons industry, our entertainment and news media must be saturated with ever-increasing levels of threats and violence both to keep the fear and anxiety at suitable levels and - very important, very underestimated - product placement. (Remember that every prop / weapon / outfit / drink you see on Criminal Minds, James Bond, the Bourne Identities, etc., is there in order to sell one to you.)  

    • NOTE 1:  If you don't believe that violence in media has any effect on people's behavior, then why do corporations spend billions on advertising?  If the constant barrage of news feeds, hour-long TV show, binge-watching television shows, and movies, or unlimited video games has no effect on our minds and behavior, then why should corporations pay billions for a 30-second ad spot?  Why do politicians and super-PACs do the same?  Are they all stupid?  
    • NOTE 2:  If you don't believe that violence in media has increased, watch an episode of Gunsmoke on RetroTV some time, and note how seldom Matt Dillon (or even the bad guys) used a gun.  Some day count the number of weapons on display in previews during the morning news.  (The average child will see 8,000 murders on television before finishing elementary school:  Link).  
    • NOTE 3:  The quantity of violence not only has increased, but, as the public becomes more jaded, it has become more and more perverse.  On the news, "When it bleeds, it leads!"  Literally.  As for entertainment, in the 1980s, Law and Order SVU was considered fairly hard-core, with story-lines of children being abused and murdered, women and children being raped, tortured, etc.  Not any more. Criminal Minds, Dexter, Hannibal, and other shows upped the ante with on-screen cannibalism, eye-gougings, etc.  On "Game of Thrones" human beings are being castrated and flayed alive.  Live, to-the-death gladiatorial contests cannot be far behind.  (But it's all in jest, they but do poison in jest, no harm in the world...)
    When money and power are gods, and corporations are their high priests, it has real world consequences.  And one of those is that the poor - collectively and individually - are sinners, and must be punished by any means at the disposal of the powerful.  The results are:

    Propaganda:  The poor are "losers", "moochers", "lazy", "worthless", "stupid".  Social Security and Medicare - both fully taxpayer funded, i.e., paid by us - are called "entitlements", which implies that they haven't been earned, but are something we moochers wrongly feel "entitled" to. (Damn straight I feel "entitled" to Social Security - I paid into it for 40 years!)

    Political restrictions:  Between gerrymandering, voting restrictions, and Citizens United, the powerful have done an excellent job of ensuring that the votes/interests/representation of the working class and poor are rendered irrelevant to the political process.  My own congresspeople - John Thune, Mike Rounds, and Kristi Noem - respond to my e-mails and letters with form letters.  I don't have the money to make them hear me.

    Legal restrictions:
    • Our right to sue corporations is being stripped away from us by "mandatory arbitration clauses" put in place by most health insurance plans, dealership or franchise agreements, billing agreements (think credit cards), and many, many, many other corporate contracts.  These deny the right of the consumer, employee, or contractee to sue in favor of arbitration before an arbiter of the corporation's choosing, at your expense (think $200-$300 an hour).  See Public Citizen Access - Mandatory Arbitration Clauses.    
    • Gag orders have become common as part of settlements with large corporations.  See Fracking gag order.  
    • If you are poor and arrested, even if you are found innocent, in many states and counties, you will be charged with court costs, fines, and fees for your (hopefully short) stay in jail.  In some counties, you will be charged for a public defender, despite the Miranda Law's assurance that one will be provided for you.  
    • The prison system - which has been privatized in many states - must make constant profits, and their contracts require full prisons, no matter what the level of crime actually is.  Therefore any laws which decriminalize any drugs must be fought.  Also, addiction, mental illness, and mental disability have been unofficially criminalized, because there's not enough money for state or federal mental health facilities and private mental health facilities are only for those with excellent health insurance.  
    When money and power are gods, human life has no meaning and really doesn't matter other than as just another sound bite to convince us that we are righteous, we are the best, we are exceptional, and everything's fine. But the real purpose of life under these gods is to make money and consume goods, nothing else. Allegiance must be mindless, generated by carefully crafted sound-bites.  Mental processes must be carefully controlled, so that no one ever considers that there might more to life than making money, shopping, sports, and/or the latest entertainment craze.

    1984first.jpgBut fear counts above all.  No one must ever question why - living in the richest, most privileged, most free society on earth, the "home of the free and the brave" - why they are so afraid, all the time, everywhere.  And, why is the object of fear constantly changing?  In Orwell's "1984" Oceania always at war, but the enemy kept switching from Eurasia to Eastasia.  In my lifetime I have watched the enemy - the one who will destroy us at all costs - change from Communism to the Evil Empire (Soviet Russia)/China to Japan to the Axis of Evil (Iran/Iraq/North Korea) to Saddam Hussein to Osama bin Laden to Radical Islamic Terrorism, with a few stops along the way at black ghettos, hippies, drugs, black gangs, urban thugs, illegal immigrants, illegal immigrant children, legal refugees, and anyone wearing a turban.  Not to mention polio, HIV, SARS, H1N1, Ebola, and Zika viruses.
    • NOTE:  So far, we're still here.  
    But let's not think about that.  Above all, let's not think about either of the following facts:
    • Money and power are abstractions, fictions, a belief system rather than a reality, to which we sacrifice real human beings, not to mention real air, real water, real food, real life, daily.  
    • No matter how much money and power is worshiped, acquired, accumulated, fought for, praised, and sacrificed to, life will never be 100% safe, and 100% of all people will all still die naked and alone.  Including the wealthiest of the 1%.  The gods of money and power, the church of the corporation, the priests of politicians and lobbyists, the demi-gods of celebrity will not save any of us from that fate.  
    This is the truth about the gods that America has chosen.  Like any pagan deities, they require regular human sacrifice.  And they are getting it.