Archive for May 26th, 2009

Right to own a car?

Tuesday, May 26th, 2009

One of the polls has an unexpected result (to me), and I’m wondering if the question was worded poorly or if I’ve uncovered a belief that needs some attention.

The question was

Do you have an inalienable right to buy an American Car?”

The question was a few wrinkles to it, and was the setup for the next question of whether you have an inalienable right to buy a car that gets 15 mpg?…

The #1 answer coming back is
“Nobody has a right to own a car – it’s a privilege”

An “inalienable right” is a right given to you by God merely because you are alive.  Rights cannot be taken away by government, and you can’t trade away your inalienable rights in exchange for something else.

The right to own property is a very fundamental right in the United States.  Without that as a right, none of the other rights matter.  The 5th amendment is pretty clear (unless perhaps you’re a bright latina woman who grew up poor in the Bronx)

“no person […] shall be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.”

The question did not ask “Do you have the right to drive a car?”  (which the courts have said is a privilege)

My father was legally blind, but he had a right to own a car.  His children had  a license that granted them the revocable privilege to drive the car.  You can have the right to own a car without having the privilege to drive a car. (which can thoroughly confuse the DMV and insurance agents).    There are blind people who hire someone to assist them and they own the car and give their helper permission to drive the car (to go to the store, for instance).

The question was also not asking if you had a right to buy a new American car – and there is no indication at this time that any of the big three car companies are going to stop making cars.

I was hoping? people would latch onto the idea that Right to Own Property is a fundamental right, and that Amendment #10 which says unless the Constitution specifcally grants a power to Congress (based on the consent of the governed) that Congress shall make no law that infringes on the right to own property.   Yes, I’m an extremist.   States do have the right to limit how you use property.   While you have a right to own and “bear” a gun, you don’t have a right to point it at someone’s head and demand their property, and you don’t have a right to discharge the gun recklessly. 

So what answer could I have put in to convey that you have a right to own any car you want (even if it gets 15 mpg and spews out co2)?   or are we at the point now that people believe we only have the rights that Congress says we have?

Anyone out there, or am I just talking to myself?

Who wants to kill your children now?

Tuesday, May 26th, 2009

While researching one of the radio stations, I noticed that one of the state Teacher’s Retirement funds is a large holder in Phillip Morris – you know – the company behind Joe Camel – and at one time Kraft Cheese and Oreo Cookies.  Why would our teachers be wanting to kill our children with cigarettes and high fat and sugary foods?  And how widespread is this problem?

There are 1,962,000,000 shares of Philip Morris outstanding, making the company “worth”  $83 billion.   Some teachers and public employee pension funds hide behind private equity firms (wouldn’t you if your were a child killer?), but some are out in plain sight.  Let’s see who we can find.

Institutional holders of Philip Morris

#1)  Capital Research Global            115 million

#2) Barclays Global Investmors     80.8 million
   (The British are killing our children too!)

#3) State Street Corp              79.9 million
  PM is in the S&P 500 – if you buy a SPDR, you’re a child killer

#4) Capital World Investing    71.3 million
  (California State Teachers Retirement System has money with Capital Guardian)

#5) Vanguard                            68.4 milion
   (Mutual funds – probably S&P 500 index money)

#6) FMR  (Fidelity)                  46 .6 million

#7) AXA                                       41.2 million
   Very large insurance company in France

#8)  Bank of NY/Mellon          33 million
   Well, we already know about bankers

[…]

TIAA-CREF                             7.7 million
   Teachers 403(b) and annuities (and some public mutual funds)

NY State Retirement Fund      6.7 million

NY State Teacher’s Retirement System 6.7 million

Florida State Retirement System    4.9 million

Ohio Public Employees Retirement   4.6 million

Ohio State Teacher’s Retirement System   4.2 million

Texas Teacher’s Retirement System    4.0 million

State of Wisconsin Investment Board   2.8 million

Canada Pension Plan    2.7 million

Colorado Public Employees Retirement – 2.7 million

Kentucky Teacher’s Retirement System – 1.4 million

TX Employees Retirement System – 1.2 million

Teachers Advisors (NY)      1.0 million