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Showing posts with the label Thomas Piketty

Read: It's Up to Us to Stop This Spiral

Sitting at me desk, trying to think if something to write is very hard with all the purpose-driven chaos caused by our government and the lack of appropriate media coverage of the damage being done by this corrupt government. It’s hard to stay positive, but I keep reminding myself, “This too shall pass.” I am looking at my books by authors like Jack London (The Iron Heel), Eugene V. Debs (The Bending Cross), Peter Barnes (Liberty and Dividends for All), Thomas Paine (Common Sense Rights of Man), Samuel B. Griffith (edition of Suntzu’s The Art of War), Niccolo Machiavelli (The Prince) and wonder how many people have read these great works, and had our educational system taught the truths within the covers of these books would our country be in the mess we are in now? We have a belligerent, insecure, devious, unintelligent, deadbeat conman in the White House bankrupting our country and throwing parades for himself like despots of other regimes, while our feckless executive branch of ...

Billionaires for Change

Billionaires want to save the capitalism. There are and have been many people with ideas on how to fix the capitalist system so that it will work for everyone. Thomas Piketty (who wrote Capital), Bill Gates, (who created Microsoft) Thomas Paine (who wrote Common Sense Rights of Man), and Peter Barnes (who wrote With Liberty and Dividends For All). There is no silver bullet to fix capitalism. It will take many measures, such as bringing back the cash corporation and the very rich have stashed in offshore accounts. This money needs to be brought and put back into the flow of capitalism. The estate tax needs to be reinstated; the practice of inheriting extreme wealth from one generation to the next in families just allows the family’s power to grow with each generation. There is also the idea of charging payment for the use of our Commons, which some people and large corporations use freely, such as the air, water, minerals, courts, laws, protection of patents, our armed forces protect...

OxFam's Warning

The two things which will destroy our world as we know it, are inequality and climate change. The Freedom of Enterprise Act (FEA) being proposed by the Republicans will be against anything that alleviates climate change and inequality. In fact, EEA exempts anyone worth a billion dollars from paying taxes and from having to obey all laws, exempts for now homicide and assault. OxFam, an international charitable organization focused on eliminating global poverty, says there are now 2,043 billionaires in the world and their fortunes grew by $762 billion in 2017 while the poorest of humanity saw no increase in their wealth. Bill Gates, Jeff Bezos and Warren Buffett have $250 billion more than 160 million Americans. If this trend continues driving up the bargaining power of those at the top while driving down the bargaining power of those at the bottom, this will trap people in poverty and further fracture our society. OxFam said the massive inequalities are being driven by factors t...

UBI, Commons & Gig Jobs

Now that the $15 an hour minimum wage has legs, we should start the fight for how people have little chance to find a lucrative job that will last their entire working life and end with a pension and healthcare. The manufacturing jobs are either relocated to another country or just about to be eliminated by machines or robots. Retail is going by the wayside as the brick and mortar stores are replaced by online shopping. What’s left are tech jobs, service jobs, and the best—building trade jobs, which need to be union with their own healthcare, pensions and their own four-to-five-year paid training programs. The unions and workers who support them now need to fight for Project Labor Agreements on all government projects. The union workers also need to vote for leaders who will support unions and the unions need to organize all non-union trades. Also, we need to support non-labor incomes, like the Universal Basic Income (UBI) and get behind corporations paying rent for our Commons. Whe...

Inequality is Ruining America

In America today, we have the Haves and the Have Nots, which is the very rich and the poor. What is missing is the middle, which is the group that makes it all work. They are the spenders who pay taxes, raise families. They are the supporters of the very rich and the supporters of the poor. This support system has worked very well until the very rich gets greedier and begins hoarding all the cash and cutting out the middle class with inequality. Inequality is done in many ways. Some is through laws enacted that shut down unions. This defund unions, but also stops worker training apprenticeship programs the unions provide. Shutting down these programs helps to turn our country into a wasteland of poverty. With the power concentrated at the top, democracy cannot thrive. This happened in the Guilded Age at the end of the 19th century. Now it is happening today. America cannot ever be great again until there is a large middle class with good wages, healthcare, free education, and good ...

Where's the Money

Where's all the cash? Hint, it's not in your pocket. The need for cash is necessary to alleviate the war on the poor. The latest facts show 1.5 million households with 3 million children have cash incomes of less than $2 a day. The number we usually use to measure third- and fourth-world poverty. Then in order to get the cash to pay rent in some dilapidated housing, buy diapers, and even tampons. They will have to sell their blood or their food stamps at a deep discount and the desperately poor people are willing to lose about 40 percent of the value of their food stamps, which is the going rate to trade some of their stamps for cash. There is about 15 million people who are in deep poverty with annual incomes of about $10,000 below half the poverty line for a family of three. A lot of the $2 a day people are single mothers without a high school diploma whose jobs have been in decline. This is one of many reasons that we need $15 to $18 an hour minimum wage, single payer healt...

Inequality Has to Stopped

How income inequality could be stopped. On January 5, 1914, Henry Ford announced he was paying workers on his famously productive Model T assembly line in Highland Park, Michigan $5 per eight hour day. That amount was almost three times the amount typical factory employees earned at the time. In light of the audacious move, some lauded Ford as a friend of the workers, others called him a madman or a socialist or both. It’s not difficult to imagine which group said favorable things about Ford and which didn’t. The Wall Street Journal called his action an economic crime. Ford thought it a cunning business move, and history proved him right. The higher wage turned Ford’s auto workers into customers who could afford to pay $575 for a Model T. Ford was neither a madman nor a socialist, but a very smart capitalist who profits more than doubled from $25 million in 1914 to $57 million in just two years. Now just think if the Walmart Waltons would raise the wages three times higher like Ford ...

U.S. is an Oligarchy

Princeton and Northwest universities did a study recently of our government structure and economic state of affairs and determined our democracy has turned into an oligarchy. The report entitled, “Testing Theories of American Politics: Elites, Interest Groups and Average Citizens,” used extensive policy data collected from between the years 1981 through 2002 to empirically determine the state of the U.S. political system. The researchers concluded that the U.S. government policies rarely align with the preferences of the majority of Americans, but do favor special interests and lobbying organizations. When a majority of the citizens disagrees with economic elites or with organized interests they lose. Niccolo Machiavelli, who wrote the books, “The Prince” and “The Art of War” around the year 1513, pointed out the three types of good government and how they can slip into a bad type of government for the masses. At this time we are an oligarchy form of government, which the study conclu...