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The Illusion of the Markdown By Julianne Malveaux

Dec. 2, 2025

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(TriceEdneyWire.com) - Consumers love a sale. We love the little red tag, the “limited time only,” the breathless “50% OFF!” that promises we’re getting over on somebody. At this time of year, the sales signs practically scream at us, and we rush to stores convinced we’ve won a battle against high prices. But here’s the truth retailers hope you never pause long enough to consider: If a store can slash a price by half and still make money, were you ever getting a real deal?

That’s the mystery of the markdown. And once you pull back the curtain, the mystery dissolves into a simple equation: the retailer is not losing money—far from it.

Let’s start with the math. Most consumers imagine that when they buy a $100 sweater, somewhere in Bangladesh a worker made it for $60 or $70, and the retailer added a modest markup. Not!  That $100 item cost the retailer between $20 and $40, or even less if it’s fast fashion.

What happens when the store announces “50% off”? That $100 sweater becomes $50 at the register. Sounds like a steal, right? But if the retailer paid $30 for it, they’re still pocketing $20 in profit. That’s a 40% margin, even after the dramatic price “cut”.  No pain. No loss. Just business.

The “deal” is not on the clothes. The “deal” is on your behavior.

Retailers understand psychology even better than economics. They know the dopamine hit of thinking we beat the system. They know the urgency of a ticking clock. They know we walk in for “one thing” and walk out with a cart. Savings is the bait; profit is the switch.

We’ve all nipped at the bait.  I’ve driven dozens of miles to a mall for a sale.  I’ve stood in line for a half-off of designer clothing.  I’ve bought junque that I did not need because it was “on sale”.  That was a lifetime ago.  These days I shop in my overflowing closet.  I tell myself I will never need a new item of clothing again.  Kind of. I can’t tell you when I last bought “new stuff”.  But I confess that when faced with the possibility of a high visibility event, I called my favorite “Black girl” store (Katula in LA) to ask them to send me pics of something fabulous. Regaining good sense, I called hours later to say, “never mind”, I got this

Bait and switch.  Even the so-called “regular price” is a fiction. In many states, a retailer can raise a price for a few weeks, then proclaim a markdown that feels massive but is meaningless. Those “compare at $149!” stickers? Often invented numbers. Those “before and after” tags? Carefully engineered illusions.

The real misery behind the markdown isn’t felt by the retailer or the bargain-seeker. It’s borne by the workers whose low wages make the whole system possible. By the warehouse crews who don’t see their families during the holidays. By the delivery drivers forced into sixteen-hour shifts. By the sales associates who smile through exhaustion for $15 an hour—if that.

This entire ecosystem of discount culture is built on someone else being discounted.

Retailers have gotten more sophisticated, not less. Today’s “sales” are algorithmically timed, psychologically targeted, and strategically priced. Businesses know exactly how much inventory they can move at each price point, and they build markdowns into their annual plan. The sale is not a surprise—it’s the strategy.

A retailer might lose money on one “doorbuster” TV, but that’s a deliberate sacrifice to lure you into a store filled with 200% markups. You came for the deal; you stay for the illusion. And you leave thinking you’ve triumphed, not realizing you’ve played the part retailers wrote for you.

So as the holiday season barrels toward us, and as communities—especially Black communities—are bombarded with pressure to buy, buy, buy, it’s worth asking: What do we really gain from chasing sales that were never sales in the first place?

For many of us, the cost isn’t just financial; it’s emotional. We feel guilty when we don’t spend. We feel inadequate when we can’t gift lavishly. And too often, we sacrifice long-term financial well-being for short-term “joy” engineered by an industry built on extraction.  It’s called predatory capitalism.

The markdown is not serving you or your family, not serving the workers whose bodies absorb the true cost of America’s bargain culture.

The retailer isn’t slashing their profits. They’re slashing your perception.

Why do we keep celebrating the privilege of being played?

This year let’s refuse the hustle. Let’s stop applauding fake generosity.
Let’s protect our wallets, our dignity, and our sanity.

The markdown isn’t a gift. It’s a business model. It only works if we keep falling for it.

Dr. Julianne Malveaux is a DC based economist and author.  Reach her at juliannemalveux.com or subscribe to her newsletter at This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Unanimous Consent! by Dr. E. Faye Williams

Dec. 1, 2025

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(TriceEdneyWire.com)—A few days ago, I was on my way out of the country going to Ghana where I was to be an honoree at a celebration. I heard UNANIMOUS CONSENT!  I had found it difficult to pack while waiting on pins and needles to find out how the vote would come out to release the Epstein files so the women who were young girls (some just 14 years old) went through hell while grown men and a woman abused them.

The woman has been convicted of her role in this tragedy. Jeffrey Epstein died at what we’re told was by his own hands—something many found hard to believe.  Many I talk with don’t find that explanation credible; however, that’s what is on the record.  Epstein’s friend, Ghislaine Maxwell, is serving her time in a Texas prison where it’s reported she’s serving with special privileges. 

Brave women, still suffering from the impact of what happened to them have had enough of the harm caused by Epstein, Maxwell and later by Donald and his friends who’ve delayed justice by refusing to release the files we know existed. Epstein’s family was honorable enough to share what they had.  From those files, we learned some important things.    

While waiting for some manner of justice, these women kept up the fight; they earned a lot of support from Democrats immediately, but not Republicans, because the President held them hostage and prevented them from supporting the resolution to have the complete files released.  There was even talk of Trump planning to pardon and release Ghislaine Maxwell.  Naturally, when asked about that rumor, Trump sat feigning innocence by saying he hadn’t ruled it out.

Meanwhile, we went through a lot of drama where nearly all Republicans were waiting for their dear leader to give them instructions. With few exceptions, Republicans were on hold, and the fact that the bill to force the Justice Department to release the files passed the House, and sooner than we had thought, it passed the Senate where it passed by UNANIMOUS CONSENT after their dear leader released them to vote to pass it once he learned enough Republicans were already going to vote for the bill to pass anyway!  That must have come as a shock to him. Never-the-less, the bill was immediately headed to Trump to sign.  At the time of the overwhelming vote to pass the bill, and by unanimous consent in the Senate, Speaker Johnson appeared crushed and blamed our leader in the Senate—not the President!

For once I can say, thank you to Congresswoman Marjorie Taylor Greene who withstood Trump’s accusations and calling her a traitor.  She’d pivoted too much truth telling about healthcare and how much it would cost her family. I wonder what Trump thinks about the overwhelming vote against his real wishes!  We know his announcement of “releasing” them to vote came after learning how many were going to do it anyway! Are they all traitors?

We must be cautious about this seeming victory upon releasing the files. This still must stop by AG Pam Bondi.  There’s always the possibility that her gross behavior will be the same she exhibited when called before Senators, after admitting the files were on her desk and she was called in to explain herself once it wasn’t convenient for her to admit she had the files, and claim she was so busy with other matters that she allowed staff to handle the biggest case of her tenure!  

 I guess defending Trump was just far more important to her than doing her job for the people!  She’ll probably have a lot of time to look at the files now because I don’t think she will enjoy being in Washington defending Trump after the way she handled these files and how she sassed the Senators—something not in her job description!

(Dr. E. Faye Williams is President of The Dick Gregory Society.)

REMEMBER BLACK WOMEN ON LABOR DAY BY JULIANNE MALVEAUX

August 27, 2025

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(TriceEdneyWire.com) - The French philosopher Albert reportedly said, “Without work all life is rotten but when work is soulless, life stifles and dies. Now, historians are suggesting he may have not uttered or written those exact words but been paraphrased by one of his biographers.  No matter.  The sentiment is a pertinent one, especially as we lift up Labor Day, its history, and the role that Black women have played in the labor history of our nation.

There is meaningful work and there is soul-crushing work, and the challenge Camus poses is how to find meaning in routine, how to embrace joy in everyday tasks.  Why do we work?  Partly to make a living, to earn money, to live, to provide the means to pursue our joy.  Why do we work?  Because our work makes a difference when we are organizers, cultural workers, paid activists.  We all struggle to find meaning in our work, but this is mostly a late 20th century/21st century phenomenon.  Historically, many worked because they had no choice, and meaning was a footnote, not central.

Consider the Black woman “domestic”.  More than half of all Black women held such jobs into the 1940s.  We didn’t love this work.  It was all we could get.  We nurtured white children without having the luxury to nurture our wone.  We were the backbone of white household, cooking, cleaning, and more.  And in the process of our work we were demeaned, often given used clothing instead of wages, often sexually assaulted by depraved white men who headed household.  But we worked because we had to.  We worked because we wanted our babies to live.

       Our nation has been celebrating Labor Day since 1994, after New York’s Central Labor Union drew public attention to the ways that many worked. Then, many workers, children included, worked from sunup to sundown (and beyond) six or seven days a week.  There were strikes, labor actions, and eventually Labor Day, a recognition of workers.  Sadly, a focus on Black workers was absent in these initial celebrations.

Most workers were exploited. In 19o4, the National Child Labor Committee (which I once chaired) was founded to visually document the way that children, and I mean little children, were treated as workers, in the mines, in the fields, and elsewhere.  Children lost their lives and also lost their childhoods when they did back breaking, bone chilling work.

Louis Hine did an exceptional job in documenting children at work.  A challenge, though, was the fact that those who were passionate about labor and about the rights of laborers too often excluded the contributions of Black workers.  If we want to recognize Black workers, we must start with enslavement and the unpaid work of Black people that provided a foundation for this nation.  At every juncture in our nation’s history, we find the work of Black people, including Black women, pivotal.

The flawed leadership of our nation would currently erase this history and celebrate American exceptionalism, but the reality is an inconvenient truth.  Not only would there be no America without the labor of enslaved people, but there would also be no wartime victories without the work of Black women.  I am thinking of the invisible warriors, the Black women who were “Rosies”, women who worked in wartime industries as welders, machine assemblers, riveters, and other assembly line workers.  They faced discrimination on all sides, especially from their white “sisters”, who even protested the fact that they had to use the same bathrooms as Black women (our nation’s obsession with toilets is another story).  The stories of the Black Rosies have mostly been swallowed, and there are those who would lift it up because it is important.  As many as 600,000 Black women were part of the war effort. 

Gregory Cook has amplified the work of the Black Rosies in his film, The Invisible Warriors.  His mom was one of the Rosies and he was moved enough by her story to document it.  In his work, he has lifted up the Black women whose silent contribution to the war effort has been overlooked, sometimes maliciously.  There are those who would erase this contribution to our nation, which is why we must life it up.

For some Labor Day means the end of summer, for others, time to get back to school.  For me, it is a remind of the foundational contribution that Black people have made to our nation, and especially the hidden work that Black women have provided, against all odds.  The Black Rosies are among the other warriors, the nurses, the Black women enlisted troops, the Black women, like Dr. Olivia Hooker, the first Black woman in the Coast Guard who fought for the right to fight.  It is galling that there are efforts to ignore or erase this extreme patriotism.  It is our duty to lift up the Black Rosies and others Black working heroines this Labor Day.  They may have sometimes worked without joy, but they always worked with purpose, and we are the richer for it.

Dr. Julianne Malveaux is a DC based economist and author.  Juliannemalveaux.com

My Humble Advice for a Starter to Deal with Trump's Threats in DC by Dr. E. Faye Williams

August 25, 2025
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(TriceEdneyWire.com) - It's amazing that we have to deal with someone with 34 criminal convictions--telling us about law and order-- a person who plays games with the lives of innocent people like President Obama and AG Letitia James--now taking over Washington, DC with all kinds of threats--but we have to at least advise our children to save their lives through this madness!   Let's take the responsibility for at least offering some guidance to our young people.
 
1.  Ask your children to leave the streets and be home before dark.
 
2. Tell them to be extremely cautious and most respectful to
everybody while outside the home and especially to police officers (most are on our side because they've been disrespected with this takeover of our city,too), National Guard, FBI, CIA, ICE, Homeland Security, Park Police, Metro Police,  Coast Guard, Military Police (All Branches), AMTRAK  and anyone with a gun. or authority to police our nation, be obedient.
 
3A:  Tell them to observe the following:
 
3.  Don't congregate on any streets--not even in your neighborhood.
 
4.  Go straight home, or to the library, Boys or Girls Clubs or any place you have authorized your children to go.
 
5. Refrain from responding to rudeness from any adult.
 
6. Be patient with everybody.
 
7. Raise your hands immediately if an adult threatens you with a gun.
 
8. Be sure to stay within speed limits if you are driving.
 
9. Be careful when riding a bicycle.  Ride slowly and observe traffic 
lights. Do not criss-cross the street against the light. When walking, obey all traffic lights.
 
10. If you see someone being brutalized, do not intervene, but go to the nearest place you can to inform an adult you trust.
 
11.  When walking in groups, keep your voices down, and do not get into fights.
 
12. Don't give anybody an excuse to threaten you or try to arrest you.
13. Parents, add your own rules for your children during this difficult process, and don't forget to pray the devil back to hell every day! Also, remind your neighbors to talk with their children about these recommendations so their children can stay safe. 
 
14. I took the time to make these suggestions because I care about our children's safety--and about you! Let's be kind to one another so we can all get through this invasion safely.  
 
15. Just remember who was standing all around Trump during his press conference while claiming he was invading our city to liberate us! Did you notice how some of them were giggling at Trump's every word! They believe in sending people of color dj back to slavery.

Making it Harder to Help Families Back Home By David W. Marshall

August 25, 2025

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(TriceEdneyWire.com) - For those of us who are not living in poverty, we may not fully understand the plight suffered by those who are poor. Unless we have been there ourselves, we cannot understand life and survival totally from their perspective. This is true despite having degrees of empathy and compassion. It takes a lasting moral commitment to become sensitive to recognizing and addressing the systemic barriers that keep people impoverished. However, we can never intimately relate to the hardships without experiencing them.

Breaking the cycle of poverty means that discrimination and racism need to be discerned and confronted at every turn. Breaking the cycle of poverty means addressing the root causes, such as lack of access to housing, education, healthcare, transportation, and economic opportunities. Insight into these challenges will enable fair-minded policymakers to propose effective social programs and economic policies that will provide a reliable safety net, reducing suffering. In doing so, these lawmakers are fulfilling a moral and social responsibility by addressing the root causes of poverty. Unfortunately, not all policymakers are fair-minded and moral. While immoral lawmakers may also have a degree of insight, they have proven to be strategic and proactive in crafting ways to cut the social safety net.

Many of us are not in a situation where we have to deal with the issue of family remittances. Millions of migrants support their families and communities of origin through the money they send back home (remittances). Remittances impact 1 in 8 people worldwide. About 200 million immigrant workers support 800 million family members in their home countries each year. While Haitian immigrants face economic challenges, they continue to send a significant portion of their earnings home, often at a personal sacrifice by working multiple jobs or foregoing their own needs to support relatives abroad. “Haiti is literally being held together by those of us who are outside of the country and sending money back home,” said Guerline Jozef, co-founder of Haitian Bridge Alliance. Haiti’s decades-long humanitarian crisis deepens each day, forcing immigrants to send record-high payments back home in recent years. Each Haitian immigrant living abroad supports a dozen or so friends, family, or community members in their home country, many of whom rely on those payments to survive, Jozef says. Remittances make up a significant portion of Haiti’s economy, representing more than 22% of its GDP. For many families, it determines whether children can attend school.

While the pain resulting from the gutting of foreign aid from USAID is still fresh, the recently enacted 1% U.S. tax on cash remittances as part of the “One Big Beautiful Bill” hurts even more. Typically, remittances increase when foreign aid is cut, but that will not be as easy since many countries are hit by cuts in foreign aid and taxes on money transfers. A 1% tax may appear small, but the consequences are massive.

In this case, the specific target of this surcharge will inflict additional emotional and financial pain on people who are already suffering and can least afford another deliberate hit to the safety net, which will disproportionately impact poor families. Most low-income and undocumented migrants use cash-based services such as Western Union, which are subject to the tax, while wealthier individuals who use bank transfers are exempt. Haiti is not alone. In over 60 countries, remittances make up more than 3% of the GDP. In some places, remittances make up over a quarter of the entire economy. Haitians could lose about $61 million annually in direct payments for food, shelter, and healthcare, according to the Center for Global Development. Globally, the losses will amount to approximately $4.5 billion.

Lawmakers and lobbyists who developed the details of the “One Big Beautiful Bill” are fully aware of how cash remittances serve as a vital financial lifeline and safety net for many of the world’s poorest families. “The purpose is not to be mean,” said Ira Mehlman, who works at the anti-immigrant Federation for American Immigration Reform. The group lobbied hard for the 1% tax, which Mehlman hopes will encourage immigrants to self-deport. Actually, this is being mean-spirited and another way of waging war against people experiencing poverty and immigrants. The wealthy receive their tax cut while the poor receive a tax increase that will have little impact on the budget over the next decade. “It’s really a drop in the bucket for this country, but elsewhere, that kind of money is transformative,” said Dulce Guzman, executive director of Alianza Americas, a network of immigrant-serving groups based in Chicago. Again, another hit from the party that believes in “family values and cohesion.”

David W. Marshall is the founder of the faith-based organization TRB: The Reconciled Body, and the author of the book God Bless Our Divided America.

Your Vote Matters, but Voting is Not Enough by Dr. Wilmer J. Leon III

August 13, 2025

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(TriceEdneyWire.com) - “The political philosophy of black nationalism only means that the black man should control the politics and the politicians in his own community. The time when white people can come in our community and get us to vote for them so that they can be our political leaders and tell us what to do and what not to do is long gone. By the same token, the time when that same white man, knowing that your eyes are too far open, can send another negro into the community, get you and me to support him so he can use him to lead us astray, those days are long gone too.”  Malcolm X – The Ballott or the Bullett- April 3, 1964

In theory, the fundamental premise of American democracy is “one man (or person), one vote.”  Under the original concept of Jeffersonian Democracy, in most states access to the franchise was limited to White males who owned at least a fifty-acre plot of land. Towards the end of the 18th century and early into the 19th century, states began lifting the property and education requirements for White males. African Americans were legally granted the right to vote with the ratification of the 15th Amendment to the U.S. Constitution in 1870.  Women were granted the right to vote with the ratification of the 19th Amendment in 1920.

Even though the franchise had become constitutionally protected for African Americans, in many states, especially in the South and mid-West, African Americans faced state-enforced systemic disenfranchisement. Article I, Section 4, Clause 1, of the Constitution known as the "Elections Clause," gives state legislatures the power to prescribe the "Times, Places, and Manner" of holding elections for senators and representatives.  There are other constitutional provisions that address presidential elections.

For decades state-enforced, systemic disenfranchisement was the order of the day in many states across the country. Jim Crow laws enforced racial segregation from the late 19th to the mid-20th century. These laws affected all aspects of everyday life for African Americans, from impacting the ability to go to school, access to housing, employment, travel and access to public accommodations to voting.  The implementation of literacy tests, poll taxes, grandfather clauses and direct personal physical intimidation were all tools used to keep African Americans from voting.

Congress and the Supreme Court came to the rescue (or so it was thought) with the passage of the Civil Rights Act of 1964 and the Voting Rights Act of 1965. The 1964 Act outlawed discrimination based on race, color, religion, sex, or national origin and eliminated many of the voter discrimination tactics that had been used to suppress the African American vote.  The 1965 Act prohibited racial discrimination in voting and empowered the federal government to oversee state elections. The 1965 Act is considered by many to be the most effective piece of federal civil rights legislation ever enacted because it changed the relationship between the federal and state governments relative to voting.

As America celebrates the passage of the Voting Rights Act of 1965 it is important to realize that it and other acts before it are under attack. These acts primarily deal with the processes or “mechanics” of voting, not the “business” of electoral politics. 

For evidence related to the process or mechanics of voting being under attack you can turn to the work of investigative journalist Greg Palast. In his piece, Trump Lost. Vote Suppression Won. Palast documents how “…if all legal voters were allowed to vote, if all legal ballots were counted, Trump would have lost the states of Wisconsin, Michigan, Pennsylvania and Georgia. Vice-President Kamala Harris would have won the Presidency with 286 electoral votes… As in Bush v. Gore in 2000…this election was determined by good old “vote suppression,” the polite term we use for shafting people of color out of their ballot. We used to call it Jim Crow.”

Based upon Palast’s research, here are key data points that he was able to uncover related to mechanics of the process:

  • 4,776,706 voters were wrongly purged from voter rolls according to US Elections Assistance Commission data.
  • By August of 2024, for the first time since 1946, self-proclaimed “vigilante” voter-fraud hunters challenged the rights of 317,886 voters. The NAACP of Georgia estimates that by Election Day, the challenges exceeded 200,000 in Georgia alone.
  • No less than 2,121,000 mail-in ballots were disqualified for minor clerical errors (e.g. postage due).
  • At least 585,000 ballots cast in-precinct were also disqualified.
  • 1,216,000 “provisional” ballots were rejected, not counted.
  • 3.24 million new registrations were rejected or not entered on the rolls in time to vote.

In the context of the ‘business” of electoral politics, since the 2010 supreme Court decision in Citizens United v. Federal Election Commission, corporations and unions have been granted the same First Amendment free speech rights as individuals. Corporations and other entities can spend unlimited amounts of money on political campaigns.  Hence, the “business” of electoral politics.

According to an April 2024 article in The Guardian entitled, Pro-Israel US groups plan $100m effort to unseat progressives over Gaza  – “The American Israel Public Affairs Committee (AIPAC) is betting that $100m will be enough to fight back a wave of progressive dissent over Israel’s war in Gaza this election cycle… The 2024 election will be bellwether of the enduring impact of these groups on US politics amid shifting US public opinion on Israel.”

Many voters are confused. They can’t understand why in so many instances the individuals they elect to represent their interests, get to Congress and represent the interests of outside forces.  In the African American community many wonder if the Congressional Black Caucus (CBC), originally known as the “Conscience of the Congress” has become unconscious? I published a piece to that effect in 2022, wherein I wrote, “Now is the time for the African American community to take stock, not of the original 13 members of the CBC, but of the current 58.  Are they in fact addressing the problems facing the African American community?  Are they taking effective “group-action”? Has the “conscience of the Congress” become unconscious? Have they devolved into a comprador class of relatively privileged, wealthy and educated natives of a colonized land that have been "bought" by the colonizers? More simply put by the late Glen Ford, have they become “the Black Misleadership Class”?”

Just look at the data. According to Open Secrets and the numbers for the 2023 - 2024 election cycle based on Federal Election Commission data, Rep. Ritchie Torres received $1,635,583 from the Securities & Investment industry and $535,798 from AIPAC. During that same period, House Minority Leader Rep. Hakeem Jefferies received $866,425 from AIPAC. Rep. Gregory Meeks received $510,128 from the Pro-Israel industry (as classified by Open Secrets) and another $448,828 directly from AIPAC.  According to a 2024 report from JStreet, the JStreetPAC – the political fundraising arm of the pro-Israel advocacy group J Street – announced it has raised over $6M for the Harris-Walz presidential campaign.

It is important to understand that what is documented here is not illegal. This is “pay to play” politics in America aka “He who pays the piper calls the tune”.  As a result of the decision in Citizens United v. Federal Election Commission, corporations and unions have been granted the ability to use money as free speech.  

Listeners to my programs ask, “does my vote matter” and “what do I have to do to bring about change?” Yes, your vote does matter, but voting is not enough. Too many people believe that once the vote is cast the job is done. The reality is, that’s when the work starts.  Change takes constant pressure, engagement, and yes… finances.  Too many in the African American community continue to vote for representatives who are paid by outside forces to support issues that are not in the best interest of the community.  Simply put, the community does not control the representatives it elects because the community is not paying to play. That’s why, as Fred Hampton said, by engaging in this process in the prescribed manner you continue to, “… come up with answers that don’t answer, explanations that don’t explain, you’ll come up with conclusions that don’t conclude…” They can’t make it make sense.

As America celebrates the passage of the Voting Rights Act of 1965, it is important to realize that it and other civil rights acts are under attack.  The fundamental elements of democracy are under attack.  Steve Bannon, the “Trump whisperer”, was very clear. They are engaged in “…a daily fight for ‘deconstruction of the administrative state…’” It’s a direct assault on the processes or “mechanics” of voting coupled with the “business” of electoral politics.  Don’t ever forget, “He Who Pays the Piper Calls the Tune!” Also, if you don’t pay for a seat at the table, you will probably be on the menu.

Dr. Wilmer Leon is a nationally broadcast radio talk-show host. Author of Politics Another Perspective. Host of the podcast Connecting the Dots w/ Dr. Wilmer Leon. Go to www.wilmerleon.com or email: This email address is being protected from spambots. You need JavaScript enabled to view it.. www.twitter.com/drwleon and Dr. Leon’s Prescription at Facebook.com © 2025 InfoWave Communications, LLC

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