Tree-Hugging Dirt Worship

June 17, 2012

Alternatives to Crumb-Sharing

Filed under: Soapbox — Tags: , , , , , , , , , , , , — paragardener @ 11:27 pm

There is a horrifying wealth disparity in America, where a few hundred families dominate all of politics, business, and even “charitable” foundations. Meanwhile, other folks can’t find any way to make money, and they’re losing homes left and right. The basic, default left/Socialist solution to wealth disparity is to tax the rich more heavily and disperse their money with entitlement programs, or perhaps job-creating enterprises (how about a bullet train?).

That’s not a horrible solution. It’s not always politically feasible, Goddess knows, and there are a few problems it creates, such as resentment from those who don’t quite qualify for the program that would help them, or are too proud to take a “hand-out.”

I believe that much of our wealth disparity problem stems from operating our markets under the wrong rules, and not from some inherent tendency of markets to concentrate wealth. I want to suggest alternatives to sharing tax-crumbs around, just to stimulate some thought. Perhaps we could stop thinking of “redistributing the wealth” (which is fine) and start thinking of “economic justice” (which is better.)

* More forgiving bankruptcy laws. Bankruptcy is available as an escape from total debt entrapment. In 2005, Congress imposed a means test (that is to say, a poverty test) on Chapter 7 bankruptcy. Why? So that those who fail the means test can become resentful of those who are even worse off? At the same time, it required credit counseling before filing for bankruptcy. Hopefully, all of the credit counselors approved by the government are honest dealers. They also complicated the matter to the point where bankruptcy lawyers have to bill you more hours to get through the process.

Congress should have moved in the opposite direction — how about forgiving student loans through bankruptcy, instead of keeping people in debt chains for their entire lifetimes?

* Usury is a crime. Civilizations that have developed banking generally limit interest rates — indeed, neither Christians nor Muslims could loan at interest, period, for over a thousand years. Having no laws against usury is akin to legalizing theft or rape. Credit cards at 20% interest and payday loans at 200% interest are crimes that suck the middle and working classes.

* End debt-based money. A bank makes a loan, and creates the money for that loan out of thin air… however, they don’t create the money to repay interest on the loan at the same moment. The borrower must scramble to get that money from somewhere, which, as in a Ponzi scheme, works just fine as long as more suckers are buying into the system.

Did you know that the Earth is not an infinite space, but rather like a marble in space? All Ponzi schemes end, and debt-based money leads to times of repo activity, such as the Great Depression.

Money should be issued directly by way of the government printing the money it spends, or we could use silver, gold, or kilowatt-hours as money.

* Jubilee. The Old Testament describes the Israelites returning all land to its previous owners and freeing all indentured servants every 49 or 50 years. Lately, a world-wide forgiving of debts seems necessary if we aren’t all to become indentured to the banks, both individuals and nations. Current bank-oriented monetary policies put debt into the world faster than they put money into it. Clearly we need to wipe that debt, much of which is unpayable anyways. Some of this debt even comes tied to austerity measures (rolling back crumb-sharing programs), a strategy proven to make it harder  to pay back debt (because the economy doesn’t grow as well under austerity.)

* Prosecute fraud. Fraud is still a crime. Bankers who commit fraud shouldn’t get a fine for breaking a regulation, or be allowed to sign a “no wrongdoing” settlement. They should be prosecuted as fraudsters, and far fewer municipalities and pension funds would be going broke. Instead, our current government believes in bailing fraudsters out when their schemes go belly-up!

* Unionization. It allows people to effectively negotiate the terms of their employment — working as a unit, like the corporations we all have to deal with. ‘Nuff said.

 

Well, there are six ideas there for making “the free market” a fair market. They would hardly remove the need to sometimes give somebody a helping hand, but I believe that these kind of reforms would make the economy a lot more friendly to the 99%, and lessen poverty and the need for giant entitlement programs. These are just skeletons of ideas that demand a lot of development — of course, they’re not original and plenty of people are working on them.

Sharing crumbs around is not enough — demand JUSTICE!

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Create a free website or blog at WordPress.com.