alajac

Economic Donkeys

"Regulation" is how the spider gets the fly to sit down and get comfortable. The problem is the system rewards greed, avarice, and short-term risk-taking. If EVERY stock market transaction had a half-percent "infrastructure maintenance fee" automatically deducted (like the old brokerage fees were) in place of capital gains taxation, how many nano-second long trades would be put on?

HOW TO FIX THE ECONOMY (abridged version):

First, a commonsense definition of "government":
Government: "One or more persons who claim natural resources, are willing and able to defend their claim on those resources, and make and enforce decisions regarding the allocation of those resources."

1. Every government is the "de facto" owner of everything (including EVERYONE) within its domain; governments create "de jure" ownership in order to get resources into the hands they believe will be most productive and thus most conducive to the government's prosperity and longevity. Ever since the invention of the guillotine, government administrators have stopped claiming ownership of everyone and everything within the government's domain, but continue to act as if the ownership is a fact concerning which, like "Santa's secret identity", every mature adult is (or certainly should be) aware.

2. Regardless of who administers a government, the actual government (and, consequently, the actual owners of everything within the government's domain) is whomever the administrators SERVE (in the current instance, "a bunch of rich guys that own a bunch of banks and stuff").

3. In order to obtain ownership of the government (and thus, of ourselves) we need to get the government to serve our needs, first and foremost. And the first thing we will need to do towards that end (after we have taken over the administration of the government) is to replace Federal Reserve money with our own, backed by all the wealth within the government's domain (of which the government is the de facto owner).

4. Our first and pretty much only need (once the inequities created by the bankster regime are redressed) is for suitable compensation for government's impairment of everyone's right to free access to all land (see Paine's "Agrarian Justice" plan for cogent argumentation). All other forms of corporate and personal welfare and subsidies and free market interference need to be ended or phased out. No FDA or other corporate protection schemes, no Minimum Wage laws, etc.

[Before the "Cybernetic Revolution" began destroying most of the rest of the need for human labor that the Industrial Revolution missed, the "job system" of economic resource distribution (along with some Lockian BS) was adequate to mask the inequity of governments taking away everyone's right to free access to all land (an impairment that ALWAYS puts the capital-poorer at a bargaining disadvantage: due to the physical needs of human bodies, whoever has more capital is always further from homelessness and starvation, and thus always has a bargaining advantage over someone closer to homelessness or starvation who MUST, at some point, accept inadequate wages or else lose their home or starve to death), but now, like a runner who had a bad heart all along that didn't stop him until the final mile of the marathon, we find ourselves the possessors of a "bad economic resource distribution system". If we replace that inadequate economic resource distribution system with one that pumps out the same amount of economic resource "blood" to every "cell" (legal resident) and then lets those cells work and save or slack and waste as they will (in other words "pursue happiness" in whatever way they choose), we can create a totally stable economic system with no more "booms and busts", much less poverty and crime, no more "homeless vets", MUCH less excuse for government in general, etc.. The plan suggests impairment compensation of at least $1000 per month per legal resident (compensation for minors to be placed "in trust"); since everyone gets the same compensation there is no "redistribution" involved. Just to make sure we are clear: people will be free to work as hard as they like and make as much money as they like and spend it any way they like.]

5. All federal income-based taxation is to be replaced (ending the IRS's reign of terror) by a small, flat "infrastructure maintenance fee" on all electronic debit transactions, whatever is necessary (certainly less than one percent) to keep prices stable (keeping gold at a fixed price could be used as a measure). If you take out of a system (in a given time period) as much as you put in, there can be no inflation. The "infrastructure maintenance fee" (being charged as funds are spent) is directly related to "benefits already received", unlike the highly regressive federal income tax which charges kids just out of school a greater percentage of their accumulated wealth than many of the seriously rich and certainly all of the biggest corporations.

6. There should be one set of laws that applies to everyone equally: everybody gets the same, everybody pays the same, no special treatment for anyone.