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-- AKA Boomer Sez:
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WigJig Inventory Reduction Sale: Beginning this month, we are going to start our Inventory Reduction Sale for 2011. This sale starts now and runs through the end of August. Discounts in the sale will run from 20% for new items up to 40 to 60% for items that we intend to discontinue. Some items will only be on sale for one month, some items will be on sale until we sell out of that item. This month we are discounting several silver findings significantly. These items were originally priced before the price of silver doubled, so the discounts shown are very significant when compared to the current retail prices for newly manufactured findings. For most of these findings the discounts will only last one or two months. For some, the discounts will run until the end of August. Since many of the items being sold will be discontinued from our store as soon as we sell out of that item, if you plan on waiting to purchase one of these items, you may find that it is no longer available. (Items discounted 40% or more, will be discontinued once we sell out of that item.)
Please note that because of the dramatic increase in the price of silver, most of these prices will never be available again. If you want to make silver jewelry, this is the time to stock up on findings. In a year, the same findings may cost up to 10 times as much.
If you make jewelry using silver findings, there will never be a better time to shop in our Internet store!
WigJig Design Contest: March was our third and last month of our WigJig Design Contest. We received many excellent designs. You can view all six designs submitted by selecting here.
Judging this months contest was very difficult for us because all the designs submitted deserved to win. We received six designs for the contest and each of the six were excellent. We evaluated all the designs on originality and creative content, on workmanship, and on practicality. (By practicality we mean would this design pass the "baby grabs it test" without being pulled out of shape. Is the design practical and could it be worn by the general public without getting damaged in normal wear and tear.) We thought all six had wonderful creative content and originality. Selecting just one from the six proved to be more than we were capable of doing. We had intended to select one for March and then select one Grand Prize winner. Instead, we have decided to combine the March prize and the Grand Prize and split the prizes with the three best designs from this month. For that reason, we have chosen three winners for March and we will award each of these three winners a $100 in free merchandise from our web site. The three winners are:
You can view the three winning designs here:
for April: The birthstone for April is the diamond.
For more information on diamonds, please select here. We
strongly recommend against anyone purchasing a diamond for the simple reason
that the price of diamonds is artificially inflated by the DeBeers
corporation. If the law of supply and demand were to operate normally
here, diamonds would cost about 1/2 as much as they currently do. In
addition, with man-made diamonds becoming readily available, we really believe that
the price of diamonds will drop dramatically in the foreseeable future.
Instead of purchasing diamonds we recommend purchasing cubic zirconia (CZ)
gemstones at a fraction of the price of a diamond. CZs appear so similar to a
diamond that most professional jewelers can't tell them apart based upon
visual inspection alone.
view our selection of clear or white CZs here. Marcia, our
customer service manager, likes these CZ's so much that she has a bowl of
them sitting on her desk in a spot where the afternoon sun hits them every
day. She loves the sparkle that results.
New Products: Since our last newsletter we have added several new Precosia glass crystal beads to our inventory. Precosia is one of the leading bead manufacturers in the Czech Republic. These beads are a high quality alternative to Swarovski, Austrian crystal beads at a slightly lower price. Please see the table below to view our new selection of Precosia beads. Please select any picture below to view our selection of Precosia beads or select the item number below the picture to view that item in our Internet store.
We update the jewelry supplies that we have "On Sale" with every newsletter. A small sample of the products we have for sale at discounted prices are shown below. Please click on any of the links below the pictures to view our entire list of sale items. Select the picture itself to view that specific item in our Internet Store. This sale will be effective through June 1st, 2011 or until we run out of that item.
Non-Tarnish Silver, Silver-Plated Wire
Free Jewelry Design: Our new jewelry making project for this newsletter is another alternative to our chandelier earring design. This alternative we call "VW" Chandelier Earrings because we use a "V" shaped wire component and several "W" shaped wire components to make these earrings. We have two versions of this design as shown left and right. The difference between the two designs is the size of the loops and the spacing of the rows of the earring body. In the earring design shown at right, we used larger loops (3/32") and normal sized figure 8 connectors made on the first step of our step jaw pliers. In the earrings shown at left, we used smaller loops (1/16") and larger figure 8 connectors made on the second loop of our step jaw pliers. The end result is that the earrings shown at left are longer.
This earring design can be made on any of our WigJig tools. Three wire components are needed to make these earrings. Below, you can view the peg patterns for the design using our WigJig Centaur.
Our technique to resolve this difficulty is to hold the end of the wire that you want to cut between the thumb and forefinger of your non-dominant hand while you hold the flush cutter in your dominant hand. In order to accurately position the flush cutter, rest the cutter against the thumbnail on your non-dominant hand while you re lining up the cut. By resting against your thumb nail, you can position the cutter easily to cut at the exact point where the wire starts to overlap. See the two pictures below for the top view and side view of how to hold the wire component in your non-dominant hand and holding the flush cutter in your dominant hand, cut the wire at the precise location required.
Our Nostalgia Corner project for this newsletter is our Wrapped Link Bracelet shown at right. This is an advanced beginner's projects and are relatively easy to make. This project can be made on any WigJig Tool and is an excellent link to use for a bracelet or necklace. Please select here or select the picture at right to view our instructions on how to make these Chandelier Earrings.
Warning! Joke Follows.
If you have ever in your entire life been offended by any joke -- please skip the below paragraphs. It is not our intention to offend anyone! We don't write these jokes, we only re-tell jokes that we have heard on the public radio, television or over the Internet.
This month's Boomer Humor was submitted to us by Tom Smith. Tom uses some of our Boomer Humor in his sermons and shared this joke with us as his way of thanking us for sharing our last joke.
A young husband leaves home at 7:00 AM to play golf with four of his friends. Before he leaves, his wife asks him when he will be back. The husband responds as he is walking out the door, "We are only playing 18 holes and have a 8:00 AM Tee time. I'll be home by 1:30 or 2:00 at the latest."
1:30 then 2:00 come and go and the husband isn't home. Finally, at 6:15 PM, the husband finally walks in the door with a pizza in his hands.
The husband tries to explain his tardiness with this. "I was driving home from the golf course at 1:00 and came across an attractive young women with a flat tire. Her car was located on a bad stretch of road, so I stopped to help her and ultimately I changed her flat tire. She was so grateful for the help that she invited me to her home for lunch. After lunch she told be about a problem with her shower. While looking at the problem in her shower, we both ended up with wet clothes. One thing lead to another and we ended up removing our wet clothes and had sex. I'm very sorry, but I was wrong to do this."
The wife after listening patiently to this story says "Don't lie to me. You played 36 holes of golf didn't you!"
In the past month, it has become fashionable to blame the rich for the budget deficit. Many politicians have been heard stating "If we only taxed the rich more, the deficit would go away." We have discussed this issue in detail in past Boomer Philosophy write ups and in response we received the single most obnoxious e-mail we've ever received from a female accountant living in Oregon. We immediately removed that lady from our newsletter mailing list. That female accountant accused us of being greedy for wanting to make a profit. The accusation was not phrased in a polite manner. It seemed to us that the accountant wanted to live in a communist country, but she couldn't find one because communism is failing world wide.
Before we respond to the politicians about increasing taxes on the rich, we need to talk a little bit about our personal background. Boomer's family is absolutely rich if "rich" means having a nice job, a nice family, and a comfortable life. Boomer's family is not rich if "rich" means earning more than $250,000 per year. Last year, in fact, Boomer's family could have tripled their income and still would not have earned more than $250,000. If earnings define rich, Boomer's family isn't rich. Boomer's family is also not associated with either the Democratic Party or the Republican Party. We will admit to contributing to the Tea Party, but have not contributed to either political party.
With our personal perspective defined above, let us now respond to the politicians who are saying the way to balance the Federal budget is to raise taxes on the rich. Simply said -- Anyone who says the answer to balancing the Federal budget is to raise taxes on the rich, those politicians are lying. By lying I mean that they are intentionally saying things that they know to be untrue. There are many reasons why taxing the rich won't solve the budget deficit. The first is that even if you taxed the rich and took 100% of their income (100% means that you took all of their income.) you would still not have enough income to balance the budget. For those who want to really understand the budget deficit and how much taxes would need to rise to balance the budget, please select here and view the video on this web page. Many people won't view the video, because like the female accountant from Oregon, they don't want to be confused by the facts. If the facts matter to you, please watch the video.
Let's discuss the second reason for why raising taxes on the rich doesn't work. The second reason is even more important than the first reason described above. Raising taxes on the rich doesn't work because history shows that raising taxes on the rich results in a decrease in tax revenues not an increase. Here are a few examples that demonstrate what happens when you raise taxes on the rich.
Why is it that raising the taxes on the rich doesn't work? Let's look at some of the reasons. First, millionaires are mobile. They can move. When one state or one country has onerous tax regulations, millionaires have the option of moving to a new location. Second, income is mobile. In Tax Year 2010 GE paid no taxes on $9 billion in income. There were two major reasons for this. 1. GE moved $5 billion of their income outside the US to countries with more favorable tax treatment. 2. GE had losses from their GE Capital division that offset $4 billion in income. A third reason that taxing the rich doesn't work is that millionaires can reorganize their income into methods with lower tax consequences. Does anyone believe that Warren Buffet, Bill Gates or Paul Allen pull out a number 2 pencil and fill out their 1040 tax forms on April 14th? Billionaires can afford a full time tax attorneys who spend the entire year structuring the billionaire's income to mitigate the tax consequences. When the top tax bracket was 90%, many millionaires positioned much of their income into tax free municipal bonds. When the tax laws changed, it created an incentive for millionaires to invest differently in companies that make a profit and hire employees. The end result is that historically lowering taxes on the rich results in increased employment and greater tax revenues. Raising taxes on the rich historically results in lower employment and lower tax revenues for many reasons, including that millionaires change their investments to mitigate any new tax laws.
One other onerous impact of a Millionaire's tax is that most of these taxes are not indexed to inflation adequately. This happened with the alternative minimum tax (AMT). The AMT was originally proposed to prevent a few thousand millionaires from avoiding all taxes. Unfortunately, now many middle class families are now paying the AMT because what seemed like a millionaire's income when the AMT was voted in, is now just upper middle class income. $250,000 in income today seems like a good income. Unfortunately, when inflation reaches 50%, it would equate to an income of $125,000 for a family today. How many two income families have $125,000 in income now? Quite a lot. Inflation at the 50% level is guaranteed to occur. It won't occur in one year, but over time this level of inflation is almost certain. The only issue is how soon.
Why would politicians propose to increase the taxes on the rich if they know it won't work? Don't these politicians know that historically, raising taxes on the rich resulted in lower tax revenues? Don't these politicians know that onerous regulations on companies and rich taxpayers causes these companies and taxpayers to move income and jobs outside of the US? The answer is yes and yes. The politicians know that raising taxes on the rich will harm America in the long run. They do it because most voters don't understand the history and implications of raising taxes on the rich. It sounds great to obtain more money from the rich -- they can afford it; but the long term impact on the country is negative. In short, raising taxes on the rich harms the country but gains votes for the politician. Any politician who proposes raising taxes on the rich is actually saying "I'm willing to sell American out if it will help me get elected. My election is more important that the welfare of the country." There isn't any other reason. The accountant in Oregon missed the mark. It is the politicians who are greedy.
The following sunset pictures were taken on April 12th. The earliest picture is on the top and the pictures are in chronological order thereafter.
Shipping Policy. We waive the shipping charge on orders over $60 shipped within the US (as long as these orders remain over $60). For International orders we ship via Global Priority Mail and charge $5 over the US Mail charge for this shipping service. Please select here to view our entire shipping policy.
WigJig University. We provide over 3,000 web pages of free information, tips, techniques and free jewelry making designs in WigJig University. We encourage everyone to view this information as a source for new ideas, projects, or a way to learn new techniques. We now have a page in WigJig University that shows our designs sorted by the WigJig tool used to make them. Please select here to view that information.
International Vendors. We do have vendors who sell our WigJig products outside the US. We encourage customers to contact these vendors in their home country. Please select here to view our list of overseas vendors. We are also happy to sell our WigJig tools to stores. Please send us an e-mail if you are interested in selling our WigJig tools.
Classes. We have a listing of various jewelry making classes using our WigJig tools that are offered by bead stores throughout the country. If you are interested in classes, please select here. If you know someone who has classes in using our WigJig tools, please ask them to send us an e-mail at email@example.com so that we can include them in these pages.
We are continuing to improve our newsletter, so please feel free to provide feedback at firstname.lastname@example.org.
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View Prior Newsletters
02/02/2010 02/23/2010 03/16/2010 04/20/2010 06/03/2010 07/13/2010 08/24/2010 09/21/2010
10/26/201011/16/2010 01/04/2011 02/09/2011 03/22/2011 04/26/2011
Beads, Jewelry Tools & Jewelry Making Supplies by WigJig Jewelry Making Newsletter