Archive for the ‘Economy’ Category

Recent Globalization Meant Plutocratization, So It has Got To Go

April 1, 2022

There have been many globalizations of trade in sizable parts of the world before: unable to feed itself in small and desiccated Attica, Athens imported its wheat from the Black Sea and paid for it with high tech wares made in her factories. The philosopher Demosthenes was the owner of such a high tech small company. 

The city of Rome became huge. Unable to feed itself, it imported its food from overseas. Its metals, including for making currency, came from Spain, its swords and helmets were made by Gauls. However, Roman globalization soon took a sinister turn: wealthy Romans learned to escape the Roman absolute limit on wealth by fiscal optimization.

When Roman oligarchs became wealthy enough, by plundering overseas, just like Russian oligarchs who plunder inside Russia (mostly, but not only), they used their gigantic wealths to buy all they needed in Rome, in particular all arable land, and not just tribunes, and votes. Rome became an evil-power: pluto-kratia. Democrats (under this name) and Populares (Marius and his nephew Caesar) fought the plutocrats to death. But they lost. In the end, after generations of massacres, the population was greatly diminished, the Roman army, hiding behind the young Octavian, took power, and gigantic immigration from the Eastern Mediterranean replaced the ancient dead Romans [1].

The present globalization has much to do with the globalization which killed the Roman Republic and its direct democracy [2]. Immense fortunes have been made by the wealthiest, whose definition is that they pay little or no tax, and buy themselves politicians, laws, media, and conspiracies and plots all over the planet.

First thing to do is to tax the plutocrats, worldwide! (Biden just announced the wealthiest Americans paid only 8% tax, a very small fraction of what average US taxpayers pay!)

***

The preceding comment was censored by Paul Krugman and The New York Times: perhaps because it identified globalization and plutocratization, a terrible  thought crime… Noble Nobel Krugman, famous for his celebration of globalization and his ilk explicitly say, and Krugman repeated that the end of globalization will cause us all to be less wealthy (as if we were all wealthy!) I was not surprised by this censorship, so I sent another comment, which was published, after being delayed 12 hours (so that nobody would read it while the NYT can claim that it doesn’t censor!) Here it is in a fuller version below. The version sent to the NYT was weaker, and didn’t have the first paragraph below. NYT is a crucial part of the world plutocracy presently bombing Ukraine… When I undermine that effort, and this link between the WEF/Davos and Putin, I get censored…

***

The price of globalization through plutocratization, which we benefited from, according to plutocratic propaganda, was right… for the world’s wealthiest people, our masters and owners. They particularly liked the fact they could buy democracy on the cheap that way. 

Our freedom is surely worth paying a bit of it through lesser GDP, especially considering most of that GDP has been going to oligarchs…  

Russian oligarchs are a product of this system, globalization through plutocratization, same as Rome, with Putin playing a role similar to Jugurtha, the homicidal Numidian usurper.

Globalization through plutocratization made dictators in Russia and China very powerful. Xi made alliances with many US oligarchs and developed a murderous surveillance tyranny in close cooperation with the biggest global tach firms. All of this without paying taxes, claiming to be tax free foundations and advising, or controlling even the mightiest states, even in an educational role (foxes teaching chicken the ways of the world).

As this global corruption festered, pressing issues such as nuclear weapons and the CO2 crisis were not addressed beyond smoke, mirrors and windmills…

Evil-power, plutocracy, is a corruption of hearts, desires, and even pleasure. Plutocrats take pleasure in other people’s misery: this is why Putin goes around, saying that his war in Ukraine is going according to plan: what Putin wants is flattened cities. As they hog resources for their clans, global plutocrats want to flatten the rest of the planet, knowing well that increasingly more miserable conditions will lead to war, the unspeakable evil. 

A detailed analysis of what went wrong with Carthage shows the same pattern. Carthage was an oligarchic democracy (one could say). Out of rage and anxiety from Roman gathering might, Carthage expanded forcefully in Spain. That was led by the Barca family (think Barcelone). So doing the Barcas, those ancient plutocrats cum generals, spurned Carthaginian legal control, and made the confrontation with the Roman Republic worse.

Plutocratization, especially when global, brings war. It brought it to Rome, it brought it to 1914, it brought it to us. In all cases, the origin of the global plutocratization was unbridled globalization, escaping the control of local laws, hence civilization.

Patrice Ayme

***

[1] We have genetic proof of this, since 2019… Published in Science. Here is an extract: 

By the founding of Rome, the genetic composition of the region approximated that of modern Mediterranean populations. During the Imperial period, Rome’s population received net immigration from the Near East, followed by an increase in genetic contributions from Europe. These ancestry shifts mirrored the geopolitical affiliations of Rome and were accompanied by marked interindividual diversity, reflecting gene flow from across the Mediterranean, Europe, and North Africa.

https://www.science.org/doi/10.1126/science.aay6826

***

[2] https://www.resilience.org/stories/2018-05-29/new-data-reveal-the-hidden-mechanisms-of-the-collapse-of-the-roman-empire/

I wrote a lot on the subject, for decades…

Metal pollution in Greenland from the economic and technological activity of Roman civilization. One can ssee clearly the rise of activity corresponding to the growth of the Roman Republic, then the collapse due to the civil wars brought by the fight to death between plutocration and the democrats (Romans used that exact word: democrats… They also use massively “oligarchs” to qualify whom I prefer to call “plutocrats” (evil oligarchs). One can see the collapse of the fascist empire and its attempted recovery, from more fascism, starting with Diocletian… Circa 300 CE. On the far right one can see the Merovingian then Carolingian Frankish recovery, with the peak by Charlemagne’s coronation as Roman emperor… The Franks had conquered Eastern Europe, all the way to Ukraine…

We Need An AWEsome Economy

February 9, 2022

Xenophon defined Eco-nomy: it’s House-management. Now our house, Earth, is on the fire: we have a CO2 crisis, heating up the atmosphere, and lethally acidifying the oceans; and there are also several other extinction crises, unfolding their termination shocks now [1]. 

Models vastly underestimate the potential imminent damage to planet Earth because what they can’t compute with, they ignore (such as the possible sudden and catastrophic melting of the under sea level areas of Antarctica… which is most of it…). I am charitable, saying this: methinks truly that academics do not want to displease too much the governments which feed them, by searching too enthusiastically for the real truth: this is why the UN’s IPCC deliberately underestimated the CO2 and greenhouse crises [2].   

The immediate conclusion is that we need to decarbonize primary energy production (84% fossil fuels). But we can’t do that only with ancient energy sources such as sun and wind. 

So the only solution is to invest in various new technologies which have not been invented or developed yet. We need to evaluate how much they really cost [3].

More generally we need to change currency… Because our present currencies have no meaning in terms of their true energy cost, or in terms of how much they cost our biosphere, or in terms of their human cost. We need a currency reflecting how much real energy content a product or service contains (the product could be a solid state physics PhD; or a pound of coal which costs little to produce, yet much to burn, thanks to its nefarious consequences).

This currency, called Absolute Worth Energy, would evaluate the energy content of every single product or service, from first principles of physics. Enormous computing power and subtle theories would enable us to evaluate exactly how much various aspects of civilization cost.

So the cost of things would be based on how much they cost the planet. Economics would become a more exact science by adopting, similarly to physics, energy as its fundamental unit, a unit independent of man. Economics would have AWE as its fundamental unit. Economics would acquire meaning.

Patrice Ayme

***

[1] Under various shocks entire oceanic zones are becoming devoid of any life. A foretaste of things to come, obviously. A big reason is our inability, and unwillingness of our powerful masters, to compute how much cost is associated with the ways they impose on us. 

***

[2] The fossil fuel industry and its finance and power connections still rule the world: consder the Ukraine crisis. If oil was one dollar a barril, dictator Putin would have no army, and no blackmail.

***

[3]. Not just how many Uyghurs killed per battery made in the Chinese dictatorship… but also how much coral could be killed by New Caledonia nickel extraction, and how much it would cost in energy to reconstitute the destroyed ecosystems.

***

P/S: This is slightly elongated version of a comment to Krugman: Paul Krugman, When Do We Need New Economic Theories? Feb. 8, 2022. Paul published it right away… Thanks!

How many million years to arrive at this exquisite complexity? How much would it cost to remake it from scratch if it disappeared?

Saving The Animals, Thus Ourselves

June 1, 2021

Animals die in great numbers trying to cross human transportation systems. When one provides the animals with crossings, they rush to use them (so are used even before they are finished, by a Noah’s ark of species). Respecting nature is not just about the beauty and naturalness it provides us with, it is about respecting how we became who we are, at our best. We have to learn to share the planet with animals. Not just because we are smart, but also because they are smart and our smarts evolved from interacting with their smarts. So interacting with wild animals is smart all around… and it has made our species smarter! Wildlife interaction is how we evolved our smarts. Not book smarts, but the deepest smarts.

Hence by respecting animals, we respect how we became human… and it keeps on being human to do so.
Economy means managing the house, in particular, managing earth, which is our common house. As the greenhouse heating proceeds at an accelerating pace, we then have to reserve an increasing part of our economic activity to save the animals by helping them to cope with the changes we have brought.
Morality comes from the mores, the old ways, the ways which perdured, and thus, insure survival. Having a natural environment, full of animals, is the ultimate morality. If we can’t save them, how can we learn to save ourselves? So it is not just smart and economic to save the animals, but also moral. The money engaged so far is quite small. But the price of an unbalanced environment tottering towards ruin, is incomparably higher. For a nice article with nice videos of animals using their smarts crossing freeways and roads, consider:


As a badger digs, say for ground squirrels whose borrows have many exits, could not it be that the coyote would seize a fleeing squirrel, and share the meal? This is basic economics and strategy, and it turns out that coyotes and badgers have figured out that behavior, and cooperate together. The next question would be this: do the individuals concerned figure it out by themselves, as cephalopods do, or is the behavior culturally instigated, namely both badgers and coyotes learn elements of interspecific cooperation from teaching by their elders? I believe the latter.

After all, I trained the (wild) nesting birds on my balcony to benignantly ignore my weird and intrusive ways… which thus had to learn to be a bit more respectful than they usually are. But of course these ways tend to incite the red tail hawks to not land on this particular balcony on a determined culinary mission (as they have been seen doing…) And the birds know this [1].

Saving the animals is first of all about saving us… Not just our sense of beauty.

Patrice Ayme

[1] Hummingbirds set their nests below hawks’ nests, as this protects them from gays. Local hawks do attack nests of birds who are big enough (like gays, crows, etc).And I have seen them pass 10 feet from me, eyeing me suspiciously… Their feathers can be two feet long…

https://www.audubon.org/news/why-hawk-hummingbirds-best-friend

A Civilization Whose Media Is Controlled By A Few Is Despicable

July 11, 2020

The New York Times wants us to worry about the cruelty directed to avian dinosaurs. Why chicken? Why not rats tortured by rat poison, dying over hours in indicible suffering? Aren’t rats closer to humans than chicken? Being too concerned by animal welfare was the mark of the Nazis: they passed very advanced animal welfare laws. That enabled them to present themselves as “humane”. It was a cover-up, a change of conversation.

On April 21, 1933, almost immediately after the Nazis came to power, the parliament began to pass laws for the regulation of animal slaughter. On April 21, a law was passed concerning the slaughter of animals; no animals were to be slaughtered without anesthetic. Those Nazis were obviously keen to project an image of goodness.

It is scornful to let a few wealthy families, who all know each other, control the world media. Therein the source of monothinking… And its erroneous outcomes. The climate catastrophe could have been mitigated. But it’s not going to be. Record beating temperatures in North Eastern Siberia (the world’s coldest place, outside of Antarctica) were recently measured: 38 Celsius, more than 100 Fahrenheit, more than Houston, Texas… The mad greenhouse is supposed to cook the polar regions, as it starts rampaging. And it is. So Siberia is burning, unleashing gigantic quantities of CO2 and methane. Two weeks ago, the area on fire was as large as Switzerland, and affecting air quality in North America.

So far, so funny. But when global HEATING goes nonlinear, it’s going to be even less funny than the COVID virus… (Picture NASA, July 2, 2020)

Nicholas Kristof of New York Times in his blog, Saturday 11, 2020:

I noted in my last newsletter that I was wondering, as we pull down controversial statues, what our great-grandchildren will find bewilderingly immoral about our own times — and about us. Some of you sent in your thoughts, and the thought nagged me enough that it became my Sunday column.
I think our descendants will find our passivity on climate change unforgivable. They’ll be staggered by our indifference to human suffering. And I think they’ll be baffled by our systematic cruelty to animals, especially poultry and livestock. Read the column and then post in the comments about other moral blind spots of our time that I missed.

I sent this:

A characteristic of the recent indignation of the upper middle class reminds me of the Puritans or old: namely, they think they are so pure, and they are not. But, to make sure that they feel pure, all howling the same way, while enjoying the spoils, they accuse The Devil… namely Trump.

However, Trump is a newcomer in politics, and he did not originate most of the well installed evils in place. An obvious evil is the housing crisis, and it came directly from NIMBYism (Not In My Back Yard). Where I have lived for decades, the NIMBYists argued that non single family housing had to be demolished, because it spoiled the views. Even billionaire Feinstein (married to a Senator) said this.

What upper class “democrats” didn’t say was that, by strangling supply, they caused enormous price appreciation of their houses, and homelessness. Better to talk about “systemic racism”,as it accuses We The People to be vicious, perverse, and… despicable. Besides, it accuses of what we are not, thus confusing us.

Meanwhile public transportation was also strangled to make IPOs (Uber, etc.) while Google (etc.) enjoy their own private transportation bus system (using regular bus stops which they stole for themselves, as they generally did not pay for them).

Another despicable manoeuver? Obamacare was rolled out: 25 million new insured (getting government money to pay for it), but small people can’t see their doctors anymore, although they pay private corporations for insurance they don’t get the fruits of (I have used Obamacare for real: it’s a rip-off). Single family housing is also causative of the climate catastrophe, by the way…

***

Not holding my breath that the employees of the conspiracy of the world’s wealthiest men will dare to publish such a contribution to global thinking (the most sedate, cogent, and polite parts above constituted comments to the New York Times; they were all censored; this puts a question towards the honesty of individuals such as mr. Kristof: he reads individual comments. Then he blocks them because, well, his salary depends upon it… La grande excuse des pires salauds à travers les ages: my salary made me do it…)   … They don’t want us to think thoughts we are not supposed to have. Bleating, they like.

A Civilization Whose Media Is Controlled By A Few Is Despicable… and also idiotic. That’s why they die… but it can take a while…

Patrice Ayme

Krugman’s New Trade Theory Would Be Idiotic, Were It Not So Criminal, Enslaving Us All To China 

June 9, 2020

A problem preventing progress in the USA, thus the world is that plutocracy masters (and owns) the media, the universities, the international prizes, international organizations, and the intellectual discourse, even the haughtiest (as I have argued all top philosophy is in its grip, over as a vaccine against progress, rather than as a treatment against progress).

A famous example, the self-described “Conscience of a Liberal”, Paul Krugman. I stopped arguing with him, a few years ago, because I was tired of his censorship, and I was hoping Trump would demolish Krugman’s great work, GLOBAL PLUTOCRACY, and becoming all slaves to China. Krugman got the Nobel for his “New Trade Theory”. There have been Trade theories and practices since before the Bronze Age Era, the civilization of which collapsed spectacularly, and simultaneously, 33 centuries ago. 

Trade is engaged into for a myriad of complex reasons, from the point of a lance poking one’s behind, to “comparative advantage”. Trade was a matter of survival for hundreds of thousands of years, as local tribes couldn’t get that obsidian, or flintlock from far away, that is, necessary material to make superior weaponry. So much of trade theory consists into rediscovering the obvious and long-well-known. 

Even if it worked, NTT would work only between similarly sized countries. But China is much bigger, 40 tiimes bigger than the average country in population. I guess Krugman is reading that her for the first time…. And because it’s a dictatorship organized by US plutocrats, another type of dictators, decorated fro freedom by Obama, China is alway first, an advantage NTT venerates…

In NTT Krugman focused on returns afforded by scale. The bigger the industrial corporation, the cheaper quality/price it can fabricate goods. Krugman loves to talk in non understandable ways, here is on his own work: “The idea that trade might reflect an overlay of increasing-returns specialization on comparative advantage was not there at all: instead, the ruling idea was that increasing returns would simply alter the pattern of comparative advantage.” Whatever, the “Conscience of a Liberal” tries to obscure his evil work with what he calls “wonkish”.

New trade theory suggests that the ability of firms to gain economies of scale (unit cost reductions associated with a large scale of output) can have important implications for international trade… namely you will wallop the competition.

New trade theory suggests that: 

a)through its impact on economies of scale, trade can increase the variety of goods available to consumers and decrease the average cost of those goods.

b) in those industries when output required to attain economies of scale represents a significant proportion of total world demand, the global market may only be able to support a small number of enterprises.

c) Government may play a role in assisting its home based companies. This implies that all jobs will go to China, a dictatorship. Indeed, Chinese companies can achieve the largest scale: their interior market is nearly five times the US. Also it’s OK that China intervenes to assist its own behemoths: see point c).

Reading this, Stalin may have ordered Krugman send to Siberia for plagiarism. Stalin used to say:”Quantity is its own quality”. (He was referring to T34 tanks and planes, many of them from the US…) My point? none of this is new. What’s new is for richly educated economists (as they serve the rich) to discover those old truths.

As most Western European countries have no scale, they are just Hong Kong without financials, they will only be nations of “consumers”. But where will their money come from? Will they have to sell their children to the Chinese dictatorship?

“Variety And Reducing Costs” (one more lie!)

Without trade, nations might not be able to produce those products where economies of scale are important. With trade, markets are large enough to support the production necessary to achieve economies of scale. So, trade is mutually beneficial because it allows for the specialization of production, the realization of scale economies, and the production of a greater variety of products at lower prices.

NTT is either geographically challenged idiotic… Or takes us for geographically challenged idiots. His idiotic reasoning works only if the trading partners are all of the same size, roughly, and of the same political nature. But they are not. The average country population is only 35 millions, and the median country population is less than ten million, a fraction of one percent of the size of China. 

NTT is correct that the pattern of trade we observe in the world economy may be the result of first mover advantages (the economic and strategic advantages that accrue to early entrants into an industry) and economies of scale.

New trade theory suggests that for those products where economies of scale are significant and represent a substantial proportion of world demand, first movers can gain a scale based cost advantage that later entrants find difficult to match. The US and China have been acting accordingly, while piously preaching the opposite, namely economic liberalism, open borders. An excellent example is SpaceX, launched under Bush, which received billions under Obama, under the table (and above the table, from Trump). Now Space X excellent products will destroy all and any aerospace industry, worldwide… except in the countries which decide to have their own aerospace (China, Russia, India… others not clear…).  

Official Implications Of New Trade Theory:

Nations may benefit from trade even when they do not differ in resource endowments or technology (so the Europeans have been persuaded to open to China and the US, because they may benefit… just like a fly may benefit from being devoured by a spider).

A country may dominate in the export of a good simply because it was lucky enough to have one or more firms among the first to produce that good (as we Americans are always first we shall DOMINATE, because we dominated first). Bing first becomes a respected form of comparative advantage (watch Tesla opening a giant plant in Germany next year).

An extension of the theory is the implication that governments should consider strategic trade policies that nurture and protect firms and industries where first mover advantages and economies of scale are important.

If progressives want to progress towards human rights and a better planet, they will have to learn to realize they have been led by crooks who made “theories” to justify the disappearance of local employment, dignity, education and income, fostering instead exploitation by a dictatorship.

Does Krugman realize what an abominable role new Trade Theory has played in the imposition of global plutocracy? Apparently not. He spews, editorial after editorial, horrible insults about Donald Trump… But, remove the insults, and the substantial thing he complains about is less “New Trade”, a euphemism for selling the world to China, in exchange for getting cheaper goods, which presumably we will pay for with money produced by China, as China produces everything…

In many countries, dozens of thousands of death happened, during the Corochinavirus, because everything, including masks, were made in China. Thanks, NTT and its comparative advantage to… China. China had no more death than Sweden (China lies, of course) All these deaths in these other countries would not have happened if we had the right NECESSARY TRADE THEORY.

As long as the crooks and even their crooqkery, have not been detected… where is the hope?

Patrice Ayme

    

 

Trump Haters Hate Hydroxychloroquine Too

June 4, 2020

Hate is the gift which keeps on giving to haters, and the worst it gets, the more they thrive.

It’s telling that hydroxychloroquine (HCQ) has become a political issue. Hatred has grown so much that one is considered a stupid pro-Trump racist, if one falls for HCQ. Everyday, the New York Times comes out with a new anti-Trump article accusing him of promoting hydroxychloroquine (he has “promoted” all plausible and potential COVID treatments)…. But the anti-Trump plutocrats have a good reason to hate the cheap HCQ. And it has nothing they want to crow about.

There are many other anti-Trump articles, from all sorts of angles, but the  anti-Trump-anti-HCQ article of the day is a tradition, at the New York Times. Like Goebbels they keep repeating the same lie: there is no evidence that HCQ, etc… Aldous Huxley — ‘Sixty-two thousand four hundred repetitions make one truth.

Most of the plutocratically owned press (sorry about the pleonasm) the one which hates Trump, has made that drug, HCQ, a political issue by observing that it was “promoted by President Trump and others”… Then they add that there is no evidence that it can prevent or treat Covid-19. It reminds one of priests singing the same song everyday. 

Actually there is plenty of evidence that HCQ could work, the only question is how well (the evidence is, disappointingly, not too well; whereas it is very effective for some diseases; however for malaria its effectiveness went down, as the parasite mutated)… for no less than three classes of reasons:

a) Hydroxychloroquine is an immune moderator, that’s how it works against Lupus. The worst problem with COVID seems to be a crazed immune system, overreacting (although the virus is itself bad, it infects neurons directly, it seems, as rabies does?).

b) for other reasons, HCQ hinders the virus. The effects are quite modest, but strong enough to be used in comparison to developing therapeutics in the world’s largest study in vitro… Stanford, part of this study published that some drugs “worked twenty times better than HCQ”. A difference between these potential drugs and HCQ, is that HCQ has been used by more than two billion people (I, and Raoult, both from Senegal, used it for years. The NYT no doubt will tell me that’s why I insist to be fair and balanced about Trump… For relaxation, they will censor ten of my pro-HCQ comments…)

c) HCQ has been demonstrated to reduce viral loads. d) In countries (Russia, India, Turkey) where HCQ is used massively, the death rates are spectacularly lower.

In Turkey Hydroxychloroquine plus AZT, the Raoult treatment, is used massively at the first symptoms. The results are spectacular. Turkey has 170,000 cases of coronavirus, for a population of 82 millions. By comparison, Great Britain has had more than 40,000 DEAD (actually final government counting turns out 40% higher after a few weeks… So expect 50K soon). The Indian research body, ICMR uses it for the healthcare workers (HCWs) who are at an elevated risk of contracting Covid-19.

The ICMR study indicates that “simply initiating HCQ prophylaxis did not reduce the odds of acquiring Covid-19 infection among HCWs. However, with the intake of four or more maintenance doses of HCQ, the protective effect started emerging. A significant reduction of about 80 per cent in the odds of Covid-19 infection in the HCWs was identified with the intake of six or more doses of HCQ prophylaxis. This dose-response relationship added strength to the study outcomes.

It goes without saying that, if HCQ plus a macrolide (antiviral) antibiotic mitigates COVID, the biotech stocks are worth much less, and they trade indeed according to fake studies on HCQ.

Many of the great priests of the Demo-Plutocratic Party are wheelers and dealers. They want those biotech stocks to go ever higher. So down with the twenty dollar treatment removing most of the problem! And Trump fixing it! They want Trump to lose so that all jobs can be sent to China again!

In the last few weeks one doctor made a BILLION dollars from investing in Biotech (yes, 10^9 dollars). I don’t doubt the august doctor hates Trump, who is all what’s between him and another billion. After he turned out that The Lancet and NEJM authors were at best greedy monkeys (the self-dealing of the study was obvious) and their anti-HCQ “study” collapsed, biotech stocks collapsed in turn 15%! (I’m tracking very closely, don’t ask…)

So the Lancet just published a “study” which was grotesquely self-dealing… But the French government full of corrupt manslaughtering idiots, immediately forbid HCQ. France has become a very fascist country recently, with even going on beaches, parks and mountains outlawed, even if they were out of your door. Everyday is about the mood and caprices of the ex-banker of M&A, the young king, Macron I.

Meanwhile, Germany, next door, by reacting intelligently and locally rather than by being led by a corrupt young fascist banker-Fuhrer, had a death rate 20% of that of France. See, the Germans have become five times more intelligent than the French, as measured by COVID! It took a while, but there is hope! The German situation is a consequence of being led by a physicist, and local democracy (regional governments took the best decisions).

Meanwhile, the New York Times will keep on wishing with all its might that as many US citizens as possible die from COVID, as long as Trump goes down too… That’s because they want the return of their gilded age, with all jobs in the Chinese dictatorship… That’s why they support the New Jim Crow laws author that much (those laws date from 1994, when Senator Biden led the charge… Black Lives Matter is officially against them, so I don’t see how they could support their author).

People go around and ponder human nature. How come? Lincoln! Definition of goodness! Killed only a million Americans! OK, not his fault! Better Angels, come around! Let’s celebrate the intrinsic goodness of man, and of its butchers in particular, as long as they are our butchers! And what of the worst angels? When do they come around? What if hatred was an exponential phenomenon? Last night a 22 year old white youth was killed in Vallejo, California. He was unarmed, kneeling, hands up, a youth advocate from San Francisco. When the looting is alleged, the shooting starts (that statement is viewed as racist by the haters, by the way, that’s why I use it). The police officer shot five times, through his windshield: death can’t wait. Black lives matter! Do white lives matter too? Or do people have to be painted particular to be worth of racial considerations?

Hate is the gift which keeps on giving, and the worst it gets, the happier the haters.

Patrice Ayme

P/S: There has been a whole slew of anti-HCQ papers. Those I read were grossly incompetent, violating blatantly the “scientific method”. For example by comparing HCQ patients with non-HCQ patients… For just two days. After these two days, the non-HCQ were switched to HCQ, and the conclusion was that HCQ had no advantage… The data of two enormous studies published in the New England Journal of Medicine and The Lancet, came from a private company called Surgisphere, which claims to have granular patient-level information shared by 1,200 hospitals and health facilities on six continents (list not available). The founder and chief executive of Surgisphere, Dr. Sapan Desai, was listed as an author on both papers… Oops.

On Traditional Stupidities In Obama Speeches

May 17, 2020

To think well one has to be intelligent and honest. On May 16, 2020, Obama gave two commencement speeches which illustrate traditional shortcomings in that respect.

There is a lot that is good and correct in what Obama said. Do what you think is right. Don’t do like little kids, just feel good. Ground yourself in higher values. For example “do what you think is right. Doing what feels good, what’s convenient, what’s easy — that’s how little kids think. Unfortunately, a lot of so-called grown-ups, including some with fancy titles and important jobs, still think that way — which is why things are so screwed up.

I hope that instead, you decide to ground yourself in values that last, like honesty, hard work, responsibility, fairness, generosity, respect for others.” Too bad Obama forgot to mention that’s all based in figuring out how one figures out what is true. Without cult of truth, there can’t be cult of virtue.

Obama recognizes the folks in charge don’t know what they are doing. Right, that was why his presidency ended up achieving pretty much the opposite of progress; augmentation of inequalities (relative to predecessor Bush), failed health care system (more expensive than ever), failing lifespan (as it never failed before)…. 

Obama called his “Obamacare” his “signature achievement”. It was: the victory of greed over lifespan. Notice US lifespan collapsing under Obama The Great, while US healthcare vultures, like Warren Buffet, Bill Gates, much admired by “Democrats”, made more money than ever. In truth, “Obamacare” was invented by Romney, a Mormon once “Republican” governor of Massachusetts, who became a major plutocrat through vulture capitalism (a technical term). Romney is a Senator, was candidate to the presidency, was beaten by Obama, and hates Trump, because, among other things Trump became “Republican” president… after being a (relatively) leftist “Democrat” most of his life… Without kissing as much ass… Basically Trump did everything a bit better than Romney, and that drives Romney crazy. Meanwhile, that “Obamacare” was actually “Romneycare” to start with, something invented by a vulture, leave the average “Democrat” cold: why should they know anything about vultures? Smarts ain’t their art, they are little kids.

The solution? Find out what to do. How? Debate! As We The People. And vote! As We The People! Not through a few hundreds unavoidably corrupt individuals with, individually, too much power. So push for more direct democracy (referenda).

Obama rightly calls in avoiding (stupid) things which divided us like sexism, ageism… But then he calls himself an old man, implying of no consequence, nor wisdom… So why does he speak if he has nothing valuable to say, according to himself?

In the “tough times before”, Obama forgot to mention the world wars. And other wars. The US lost more than 400,000 citizens killed in combat in world war two… that’s 150 times 9/11 (which Obama mentions)… And thus was able to forget mentioning other wars he supported, and is still supporting (like the Iraq) invasion, by forgetting to mention them…. and, a fortiori, criticizing them (including the Biden engineered invasion of Iraq). The Biden led invasion of Iraq killed millions, “9/11” less than 3,000…  

Finally to say that the high school graduates have already started to lead, as Obama claimed, is pandering to them, and disinformation. It’s old plutocrats, old billionaire politicians and media owners who lead… and there are plenty of those.

As an elected representative, once ordering the deaths of people he knew were innocent (think about it), potentially capable of killing billions, Obama’s business model is to serve The Man… such as Bill Gates, Bezos, the many heirs of the Walmart Family, and countless extremely wealthy heirs all around the US and the world, many with their money and power in anonymous companies, and foundation: Xi and the Pritzker family being examples… to see Obama kiss a plutocrat, consider him with Penny Pritzker who he had put in charge of US commerce. Her brother, worth only five inherited billions of dollars, is presently “Democratic” governor of Illinois.

https://patriceayme.wordpress.com/2016/04/17/leader-corruption-corrupts-society/

So whatever he says, Obama’s essence is to serve The Man. To serve, one can simply mislead, dissemble, disinform… and confuse, like a squid making a screen of ink.

A simple life form. No magnificence of mind.

Patrice Ayme

***

***

P/S: Obama claimed that the Trump administration doesn’t know what it’s doing about the Coronavirus. But that virus is really new, nobody knows really what to do, and the giant US is no dictatorship. Overall, Trump may have done better had he did, if he had not been distracted by the Impeachment hoax, so the “Democratic” Party should adopt a low profile, with its billionaire Senator (California’s Feinstein) selling for many millions of dollars of stock from secret information just before the markets tanked.

Large countries which are not dictatorships do less well in this pandemic… at least officially: this can readily be observed. Apparently social distancing and masks are the best way to jugulate it. There are now demonstrated cases of REINFECTION… within weeks of formal cure. This has never been seen before.

Trump $6.2 TRILLION Fight Against COVID Is Economically Responsible 

March 28, 2020

Finance is a convenient servant to the economy. Finance is not even necessary to the economy, and no economy, no money.  The six trillion dollars signed and negotiated by Trump do two things: 1) and most important, sustain and amplify the essential economy. 2) keep alive the non-essential economy, which would otherwise stop existing (… we can gently ease it out later…) 

The 2.2 Trillion Dollars Coronavirus Aid, Relief, and Economic Security (CARES) Act passed the US Senate 96 to zero (4 Senators were COVID or quarantined). Two days later the US Congress passed it, and Trump, who had helped to negotiate the details, signed it immediately. There were no hearing: all gt together, including Trump, who agreed to much Democratic ideas…

This was the largest financial intervention act of a state in the history of humanity.

The same day, Trump used the Defense Procurement Act, forcing General Motors to produce respirators. Trump added he may use the FPA again, as “we have a couple of little problem children… two companies which are NOT doing what they said they would be doing.  

Some anti-Trumpers screamed to high heavens that Trump was exploding the national debt, and bringing financial ruin to the US. Critics of the 6.2 trillion dollar intervention do not understand how the economy works. In particular, they do not understand the essence of the economy, which is GOVERNMENTALISM. Let me explain.

***

Big US debt procurement during World War Two was highly profitable to the US… and WORLD, economy… Let alone those who wanted to smash Nazism and other fascisms…

National debt, in a sovereign country acts, potentially, like a future tax, on those wealthy enough to have lent the money, or, potentially, as a future tax on those who received the money… I say debt is a “potential tax”, because reimbursement conditions can, and often, will vary. For example, if money is lent, but not reimbursed, it acts as gift, or theft, depending if one is on the receiving, or donating end. Europeans have acted stupid, ever since the EU was founded, as if they didn’t understand that (but the UK understood it, explaining partly its better economic performance.)

Let me add that this is not the case here; the 6.2 trillions are no augmentation of the national debt (explanation another time). 

What Trump is doing is putting the US economy on life support, while providing massive financing for research and development… and health care: 150 billion dollars for hospitals alone.

Here is an example: CDC Dr. Fauci said industrial fabrication of vaccines will be launched, even while one can’t know yet if those vaccines will work, or even if those vaccines do not launch the dreared “IMMUNE ENHANCEMENT”… that is during Phase 2 trials; that will be costly as perhaps two dozen vaccines are being developed (using sometimes extremely different methods: the Pasteur institute is using its usual method to see if its hybrid coronavirus-brucellosis is safe on mice and soon primates… While Sanofi will further push a 2017 “prototype” SARS vaccine using recombinant tech; several RNA vaccines are already in human trials, testing for basic safety…)     

A nominal increase in national debt acts as real free money for now.. And a potential, just potential, tax. I say potential, because, for a country of Argentina and if the money has been lent by foreigners, one may have to pay back part of it… But if one is the USA, one doesn’t have to pay any of one’s debt. Especially to foreigners. If foreigners don’t like it, they should feel happy to have lend so much money to such a superpower

One of the reason the European economy has stagnated is that it has insisted to inflict high taxes on citizens, instead of much more forgiving debt (which growth can erase; so debt enables and incites a sovereign country to grow faster…)

As it is, moreover, Trump’s two trillion is not necessarily a debt. And it’s actually six trillion dollars. 

Japan has a national (“Federal”) debt in excess of 200% of GDP. On March 27, it had only 49 deaths from Coronavirus, out of 1,700 cases, with a (so far) completely flattened curve, and a death rate per million not even one tenth that of the USA. In general the Japanese economy had not been doing badly with that debt… maintaining, for example a first class universal health system…. At a time when the USA is demonstrating, for the whole world to see, that a profit guided health system is a colossal disaster. Indeed, soon the USA may have much more than a million Coronavirus cases, and that will be imputable in part to not have been willing to spend more on healthcare (instead of spending on the billionaires who profit from US healthcare).  

The Federal government created two trillion dollars as direct help with CARES. To this one has to add 4 trillions of the US Federal Reserve at the disposal of banks through leverage (to start with; the Fed has said it will create whatever money is needed). None of this money is really debt. At most it means part of the US economy is getting nationalized (the average citizen becomes a shareholder).

***

Take four cases I personally know of:

Picture a 500 rooms/apartments hotel/resort without any revenue for the rest of the year. It’s a “family business”. It has employees, pays their healthcare 100%. It’s at 7,000 feet, it has large fixed cost in heating, security, maintenance. And revenue is now zero. And will stay so for many months. What to do? A bank loan! But where does the bank get the money from? The Federal Reserve, which lends it at zero interest!

Picture my climbing gym. Actually a company with a dozen climbing gyms, with course setters, maintenance, staff, and paying 100% health care. Same story as the preceding.

Third example: a research institute in AI getting its money from corporations with now zero revenue. They said they were firing all their scientists, effective in June. The Trump administration is stepping in.   

Fourth example: Several science museums I know. There is money for them in the two trillions. Trump himself explained the Kennedy Center for the Arts needed 25 millions to pay salaries, maintenance (the Dems wanted 35 millions initially). 

***

Trump is using MASSIVE GOVERNMENTALISM. Smart.

What is important is that expertise not be lost. OK, a bit of expertise lost in completely useless parts of the economy will be OK… But futuristically essential services should be maintained. For example in teaching, research, industrial base. 

The mightiest states are always living with fiat money. The Inca were using knots on ropes. The very fact a state can impose fiat money is an expression of its power. As it is, there is going to be a hole of one third of GDP, because one third of all transactions in one year will not happen. So the state making it so that it will appear these transactions did happen… Even if they didn’t. 

Debt, left unpaid, means some people with excess capital may be cheated on. But debt, left unpaid, can save an economy. What is it not to like? I always said that Trump, as his chronology and behavior indicates, was truly a real Democrat (aka a “populist”… despised by the haves). TARP, organized by Obama, was truly a Transfer of Assets to Rich People. Whereas CARES has tight oversight, and pays the average family (which TARP didn’t do). CARES is the right thing to do. The alternative was a depression worse than 1929.

This virus crisis is an excellent occasion to find out how the economy works. First, one can see that 90% of the economy, or so, is useless. One can also see that the essential part of the economy, including scientific research, advanced, life saving technology, is underfinanced.

In Italy, some medical workers get paid less than $1,000 a month. Yes, less than a thousand dollars, and now the opportunity to die. But then they were honored by watching on TV brainless muscle guys paid more than one hundred million a year, just to hit a ball with their foot.

Ironically enough, the USA, and the world, is lucky that the US President is a specialist of saving (his won!) value through bankruptcy (ironically yours truly saw this, at the time, as corruption… Meanwhile, though, we have seen much bigger corruption than that…

CARES is bringing in money, as needed. Trump is ordering around General Motors, as, unfortunately, needed. This is a war. War can be good.  Universal health care systems in Europe were created thanks to the shock of World War Two. Coronavirus is the bellicose occasion we needed to reorganize the world economy in a more essential way.

Patrice Ayme 

.

 

Say: WEAT, Wealth Economic Activation Tax. Rather Than: “Wealth Tax”.

November 18, 2019

Applauded in US, Reviled in China:

To justify the mass deportation of maybe as much as a million Chinese (Muslim) Uighurs, the Beijing authorities observed:  “Did they commit a crime? No… It is just that their thinking has been infected by unhealthy thoughts… Freedom is only possible when this ‘virus’ in their thinking is eradicated and they are in good health.

Well, in the West, it is unnecessary to hold such a discourse: the submissives don’t even know the names of their masters… basically the media owners, all wealthy beyond belief. (By the way, the link above is to the New York Times. The real hero is the high level insider in China who leaked the documents. Amusingly, the greatest leaker has been Edward Snowden, who revealed US spy agencies spied on all US citizens with the complicity, conscious or not, of the tech monopolies. Snowden is reviled by the US establishment, the Chinese leaker has already obtained sainthood…)

***

Plutocrats are not just greedy: they want to put us in chains, because they like us to suffer: 

(This is the little point Rousseau overlooked, earning the scorn of De Sade.) To put us in chains, plutocrats confiscate much of the capital of the economy. (Not just because they want ever more capital, as Marx erroneously believed, but because they are… sadistic). To counteract the evil designs of those addicts of the Dark Side (however unconscious they claim to be), I advocate WEAT. 

In the last few weeks, the conspiracy against Warren has born fruit: she is not first in the polls, even in Iowa, the first state to vote, where Mr. Buttsomegig, apparently one of those pseudo-democrat from the school of pseudo-progress, is now leading. As I explained long ago, the impeachment targets Warren, not Trump. (Nobody seems to understand this.)

Hyper wealth reduces access to property, economy, and democracy for most people. Even health care gets confiscated: plutocrats organize health care as a source of profit. Patients who pay less, get less. I just ordered glasses. I have very high astigmatism. There were ten levels of quality of the lenses, the prices varied from one to five. The lowest level guaranteed a very reduced field of view. The most expensive, made by French Essilor, used special lenses, recut by computer driven laser. Not everybody can afford $500 lenses. If not, much less good vision, with consequences on driving, walking, etc. 

The failure of Obamacare, Reaganism for health care, shows up in the graph of life expectancy. Obama is the life expectancy inflection curve guy…

Obamacare acknowledged the necessity of organizing society around plutocratic profit (a Reagan moral imperative). Thus it compensated for those able to afford ‘less” by bringing in taxpayer money; however Obamacare didn’t change the basic picture, although it confused the issue… dental and eye care was still out of the picture… So was the little detail that Medicare is just 80%…

So the rise of plutocracy, Obamacare, Transferring Assets to Rich People, has corresponded to a lowering of life expectancy. 

One interest of a wealth tax is to reduce this confiscation of much by a few. Just taking wealth and reducing the national debt would reduce economic activity, and increase the worth of wealth, thus confiscate more from the commons, and make the wealthy relatively wealthier, achieving the exact opposite effect. So using a wealth tax to reduce debt… the latter being an obsession of the wealthiest and less economically active, would serve the wealthy, not most of the population. 

Instead, one has to use a wealth tax to augment economic activity and avenues for most people to increase their worth. Some of the wealthy argues that seizing two cents of their wealth would reduce the recycling of their wealth, the recycling of these two cents, into economic activity. A way to avoid this would be to enforce the recycling of 100% of the taxed wealth into economic projects. To avoid this, one should allow no injection of taxed wealth in the general budget. Thus one could present the wealth tax not as a redistribution tax, but a Wealth Economic Activation Tax. WEAT

Thus a wealth tax will have the following beneficial effects on civilization:

  1. Economic Activation of the US wealth tax, the Wealth Economic Activation Tax will be its first effect, forcing money out of the vaults of the wealthy. Those vaults could be bonds, real estate, money losing media… So WEAT will increase what is technically known as the “speed of money”.
  2. Removing even the possibility to plot to confiscate wealth from the general economy, society and democracy will be the second effect, it will inflect the economic organization of society. In today’s society, the plutocrats have so much clout, they establish government for all to see (Davos). Once the wealth tax is in place, connivence of the government and Deep State with plutocracy will be replaced by an adversarial relationship. The Davos mindset will look for what it is: a conspiracy of criminals. 
  3. The Wealth Tax will foster progressive diminution of plutocracy, that is will save civilization from the control of the mentality which a few power obsessed, evil inhabited families impose at all levels of government, and society.  

The wealth tax is a must if we want the biosphere, and, a fortiori, civilization, to survive. The wealth tax is why the Roman Republic lasted five centuries (and arguably longer). Learn from history, to be spared the same catastrophes, just, way bigger, and radioactive too.

Patrice Ayme

Plutocratic Media Hates Wealth Tax, Censors Critics, Ignores Theft Of Intellectual Property By Monopolies. Save the Republic, Tax Pluto!

October 3, 2019

Too Much Corruption makes worlds collapse:

Forgive them, for they don’t know what they do. 2,000 year old wisdom from the crucified, completely obsolete nowadays in light of, say, Nazism. The first thing miscreants do, nowadays, is to make sure that they know nothing.

The swamp has investigated itself, and found itself clear as a mountain brook. Studying the Roman Republic shows the corruption was all over. Caesar’s main assassins, Brutus and Cassius were astoundingly corrupt. More than a decade before the assassination, Brutus and Cassius were exploiting to death (literally) Greece, Asia.

Thus now we have the world similarly teetering on the verge of collapse, in great part because of the corruption of our political leaders, who are in hock with the world plutocracy.

***

The New York wrote an article critical of the Wealth Taxes proposed by Warren:

… and now Sanders. It contained gems such as:”Progressive Democrats are advocating the most drastic shift in tax policy in over a century as they look to redistribute wealth and chip away at the economic power of the superrich with new taxes that could fundamentally reshape the United States economy…

But the idea of redistributing wealth by targeting billionaires is stirring fierce debates at the highest ranks of academia and business, with opponents arguing it would cripple economic growth, sap the motivation of entrepreneurs who aspire to be multimillionaires and set off a search for loopholes.”

… as if there were no loopholes now! The IRS code is a vast loophole, hundreds of pages long… 

What is hidden behind this graph. The wealthier the family, the more augmentation of wealth and income it got.

1,500 comments were authorized, my first and main comment was censored (as it alluded to precisely what happened, namely the Pluto media don’t like anti-Pluto comments, when those comments are not of an officially authorized type). This New York Times article had no content, except for the hare-brained cliché always evoked by plutophiles, namely that taxing wealth kills innovation. Actually it’s the other way around: plutocracy kills thinking, hence innovation. 

In an orgasm of dishonesty, an article in the NYT pretended that two university professors said the opposite of what they truly said in their original paper, by careful sampling of them… quoting others. That’s a type of dishonesty which should be publicized. Professors Sarin and Summers actually proposed to tax wealth more broadly than Warren and Sanders proposed, and thus, even MORE!… The exact opposite of what the NYT pretended. I agree with broad taxation of wealth (and there should be no cpaital gains tax on little guys, just like in Switzerland… which has a wealth tax, BTW… The Swiss economy is the best functioning in Europe.) 

Here is my comment censored (or delayed so much nobody would read it) by the plutocratic New York Times (I repeat, New York Times, pay attention, such censorship should be illegal, it breaches the US First Amendment, and you fiduciary duty as official press):

“Elitist US universities depend upon plutocratic money, and extreme inequality: this is what pays tuition and advertises them as the “best” schools on Earth. So one would expect wealthy economists therein plutocratic universities, feeding at the rich trough of plutocratic flattery, are all for extreme wealth and against taxing it

Plutocratic drift sucks society into a dark hole where not just the wealthiest individuals, but the basest, most cruel instincts, come to rule. One can already see this in media owned by plutocracy: an effect is Brexit. Wealthy British based plutocrats wanted to keep paying no or little taxes, they knew the EU’s new law that it is illegal to do so becomes effective December 31, 2019, so they made it so to create a cognitive bias against the European Union thanks to their control of British media.

People are not going to stop wanting to be even more wealthy, just because 2% of their wealth will be taken out above 50 million (if Warren proposes 2% it will probably end with 1%). Whereas right now small inventors cannot, thanks to pro-plutocratic, pro-monopolistic laws, exert their Intellectual Property rights in the USA. Instead, they have to file in the EU, or China! Indeed, they now have to prove they were economically injured by the stealing of their IP by powerful monopolies. So, right now, monopolies make it difficult for inventors to become millionaires. That is really a huge problem for the innovation system upon which a growing economy depends. This violation of IP and Patent Laws happened at the behest of present plutocracy, thus blatantly all too powerful already.

When billionaires reinvest billions in their own enterprises, they should be allowed to do so, after said enterprise have been determined to be of “public utility” (so part of Bezos wealth going to his rocket company, or energy investments of Gates, should be exempted, case by case, year by year).”

That was it. Hateful and racist comment of mine against the established order and its plutocrato-philanthropic, Trump hating class, was censored. Let me repeat with more detail: tech monopolies, that is, billionaires friendly with the NSA and Deep State, and Bush-SCOTUS-Obama-Biden, made it difficult for inventors to become millionaires (so that they, and only them and their friends and servants would become filthy rich, and inventors such as yours truly, dirt poor). The Supreme Court Of US decision of 2006 was the beginning of the end, but Obama is the guy who came out fiercely against little inventors, calling them “TROLLS” and “NON PRACTICING ENTITIES”. (He would know a troll, being the biggest of them all!) Only those who gave millions and services worth even more to the Biden-Obama families, and their puppett masters are “practicing entities” (I observed).

Just to compare, having sent my enlightened comment in the dark bowell of its Pluto conspiracy, the NYT got very excited by insipid remarks, the following one by “Ned” from Truckee being typical:

“Ned”, from Truckee, Times Pick:

“If an entrepreneur or inventor creates a huge amount of value for society, they deserve rich rewards – billions if that’s what it is. But, you can’t take it with you, and ultimately, external rewards are meaningless.

Warren and Sanders ought to refrain from vilifying the ultra-wealthy, and instead extol the virtue of those who create wealth and then return it to society, either through philanthropy or by paying workers more.”

Ned has spoken! In his gutter wisdom! And except the latter “extolled virtue” is not happening (without the threat of revolution).

***

Wealth in California augmented, but not as much for REAL INVENTORS as for plutocrats…

In truth, the REAL INVENTORS started to be shut down in 2006, and the Obama presidency finished shutting them off:

… big time, with Obama attacking IP “trolls” on TV. Ignorant semi-wits such as “Ned” don’t know little guys Intellectual Property has lost value, enormously, thanks to the pseudo-left, SCOTUS and super troll Obama. Nor does he know that most entrepreneurs are highly fungible: if Zuck didn’t exist, another 1,000 Zucks could rise. Same for Jobs, Gates, etc. All these guys exploited other individuals’ inventions. The guy who invented optical pumping, hence the laser, Kastler, got the Nobel, but that was it. Others, many others, made billions from the laser.

Under Bush (starting in 2006) and Obama, the Intellectual property system got gutted in the USA, thanks to the enormous tech companies and the Deep State’s little plan to connect them to intelligence/surveillance agencies: to prove that they had been wronged, small investors needed not just to demonstrate that they had been stolen. Now they also had to demonstrate to have been economically injured (which they couldn’t, as they made no money from their stolen inventions). Such laws were passed under the influence of tech monopolies. I am personally familiar with a case were a federal judge decided of a very important case in the morning, and then resigned and accepted five million dollars from Facebook in the afternoon (names can be provided on legal request).It was the case of a small electronic company which had won, thanks to a jury, yet its enormous legal fees from its defense were not paid by its giant attacker, thanks to the 5 million dollars judge.

Now Zuck, head of Facebook, and minder of the world, art expert banning Middle Age art, declares he will fight Senator Warren’s wealth tax OK, another time!). I declare Zuck has too much power. He is just a glorified high school drop-out, and the fact that he drops in presidential palaces, worldwide, aggravates his case… I replied to @Ned:

Ultra wealth kills the Republic. Money is power. Too much money in too few hands means too much power in too few hands.

Ultra wealth wants to gut the country of employment and and any other power from We The People (Demos-Kratia = People-power). Because removing power from We the People prevents revolution. This is exactly how the Roman Republic went down, and it was said at the time (read the Gracchi brothers). This is exactly the scheme in place today: ultra wealth has escaped taxation and law, by going overseas (“China”). Then it got so wealthy it can mold the minds of entire countries.

An example is Brexit. The plutocrat owned media in Britain wanted out of the EU for (new) tax reason. So it made it so that people would hate “Brussels”. That some people have a thousand times more power than others can be tolerated. But a million times? At some point, in Rome, the hyper wealthy started to own not just judges, but armies…

***

Obama’s guru Summers has evolved: he is now FOR taxing wealth and lobbying, BROADLY:

I read the article from Larry Summers and Natasha Sarin which the New York Times refers to. It doesn’t mainly say what the NYT claims the article mainly says, just the opposite (the article sort of says it a bit, but it’s not its main point). What professors Summers and Sarin mostly say is the opposite.

The best way to reduce power from oligarchs and plutocrats is by first broadening the tax base. Indeed. Sarin and Summers want to close tax loopholes for the rich, first. Basically the professors point out that the wealthiest and powerful can invest, tax free into all sorts of consultancies and foundations (let alone universities) which are used to influence voters, media and politicians (they give the example of the mighty NRA). If taxation doesn’t strike this system of influence peddling first, a wealth tax will have the opposite effect: the mental control oligarchs exert through these tax evading loopholes will drive public opinion against taxing the wealthiest!  

***

Summers & Sarin truly said: “We have sympathy with complaints that economic policy decision-making gives too much weight to the interests of affluent elites. But we are skeptical that large rate hikes or wealth taxes are the right way to address this problem.

First, these proposals do not get at the main ways in which the wealthy exercise influence. The whole apparatus of think tanks, research institutes, advocacy groups — organizations like the Federalist Society, which has transformed the judiciary — are supported by tax-deductible contributions that tax hikes will not discourage. Indeed, increases in tax rates or broad wealth taxation would make it cheaper in terms of forgone personal spending to support advocacy efforts or to create elite enclaves.

Second, even draconian tax hikes will not have a major impact on the ability of very wealthy Americans to be politically influential. For a few tens of million dollars, an individual or interest group can become a major political player. Even if you took away half the wealth of a billionaire, that person would still be able to invest $50 million a cycle in political activity without dipping into capital…

Third, many of the areas of special interest concern that seem most serious do not involve players who would be substantially impacted by recent tax proposals because they are not hugely wealthy. Think about the way the NRA distorts gun control debates or how community bankers resist consumer financial reform.

If the concern is with the excessive power wielded by wealthy elites, there are more effective strategies. Consideration should be given to limiting the deductibility of lobbying expenditures; restricting the ability of political organizations to have allied 50(c)(3) organizations that can receive tax-deductible contributions; and tightening the rules on donor-advised funds that enable the wealthy to get essentially all the benefits of foundations without any of the requirements to pay out resources or provide any public transparency.

***

So Summers and Sarin, far from criticizing the principle of a wealth tax as lowering the innovation and animal spirits of society, advocate a generalization of the concept of wealth, and of taxing that first, instead. They say this guarantees thrice the tax revenue, and will avoid the backlash from the wealthiest by cutting first the very organs they use to transmit their influence on society. 

***

The next day, the NYT allowed my comment (safe: nobody would read it now!) and then ran later an article saying: “A Wealth Tax Is Pro-Growth. Don’t believe the scaremongering.” (By David Leonhardt.)

Well, more importantly, only with a wealth tax We The People can afford to have a republic. The Roman Republic lasted five centuries, in full, because it had a wealth tax. And it was confiscated, when the army had enough of civil war and inequality caused by the ultra wealthy.

Patrice Ayme

 


Rise, Republic, Plutocracy, Degeneracy, Fall And Transmutation Of Rome

Power Exponentiation By A Few Destroyed Greco-Roman Civilization. Are We Next?

SoundEagle 🦅ೋღஜஇ

Where The Eagles Fly . . . . Art Science Poetry Music & Ideas

Artificial Turf At French Bilingual School Berkeley

Artificial Turf At French Bilingual School Berkeley

Patterns of Meaning

Exploring the patterns of meaning that shape our world

Sean Carroll

in truth, only atoms and the void

West Hunter

Omnes vulnerant, ultima necat

GrrrGraphics on WordPress

www.grrrgraphics.com

Skulls in the Stars

The intersection of physics, optics, history and pulp fiction

Footnotes to Plato

because all (Western) philosophy consists of a series of footnotes to Plato

Patrice Ayme's Thoughts

Striving For Ever Better Thinking. Humanism Is Intelligence Unleashed. From Intelligence All Ways, Instincts & Values Flow, Even Happiness. History and Science Teach Us Not Just Humility, But Power, Smarts, And The Ways We Should Embrace. Naturam Primum Cognoscere Rerum

Learning from Dogs

Dogs are animals of integrity. We have much to learn from them.

ianmillerblog

Smile! You’re at the best WordPress.com site ever

Defense Issues

Military and general security

RobertLovesPi.net

Polyhedra, tessellations, and more.

How to Be a Stoic

an evolving guide to practical Stoicism for the 21st century

Rise, Republic, Plutocracy, Degeneracy, Fall And Transmutation Of Rome

Power Exponentiation By A Few Destroyed Greco-Roman Civilization. Are We Next?

SoundEagle 🦅ೋღஜஇ

Where The Eagles Fly . . . . Art Science Poetry Music & Ideas

Artificial Turf At French Bilingual School Berkeley

Artificial Turf At French Bilingual School Berkeley

Patterns of Meaning

Exploring the patterns of meaning that shape our world

Sean Carroll

in truth, only atoms and the void

West Hunter

Omnes vulnerant, ultima necat

GrrrGraphics on WordPress

www.grrrgraphics.com

Skulls in the Stars

The intersection of physics, optics, history and pulp fiction

Footnotes to Plato

because all (Western) philosophy consists of a series of footnotes to Plato

Patrice Ayme's Thoughts

Striving For Ever Better Thinking. Humanism Is Intelligence Unleashed. From Intelligence All Ways, Instincts & Values Flow, Even Happiness. History and Science Teach Us Not Just Humility, But Power, Smarts, And The Ways We Should Embrace. Naturam Primum Cognoscere Rerum

Learning from Dogs

Dogs are animals of integrity. We have much to learn from them.

ianmillerblog

Smile! You’re at the best WordPress.com site ever

Defense Issues

Military and general security

RobertLovesPi.net

Polyhedra, tessellations, and more.

How to Be a Stoic

an evolving guide to practical Stoicism for the 21st century

Rise, Republic, Plutocracy, Degeneracy, Fall And Transmutation Of Rome

Power Exponentiation By A Few Destroyed Greco-Roman Civilization. Are We Next?

SoundEagle 🦅ೋღஜஇ

Where The Eagles Fly . . . . Art Science Poetry Music & Ideas

Artificial Turf At French Bilingual School Berkeley

Artificial Turf At French Bilingual School Berkeley

Patterns of Meaning

Exploring the patterns of meaning that shape our world

Sean Carroll

in truth, only atoms and the void

West Hunter

Omnes vulnerant, ultima necat

GrrrGraphics on WordPress

www.grrrgraphics.com

Skulls in the Stars

The intersection of physics, optics, history and pulp fiction

Footnotes to Plato

because all (Western) philosophy consists of a series of footnotes to Plato

Patrice Ayme's Thoughts

Striving For Ever Better Thinking. Humanism Is Intelligence Unleashed. From Intelligence All Ways, Instincts & Values Flow, Even Happiness. History and Science Teach Us Not Just Humility, But Power, Smarts, And The Ways We Should Embrace. Naturam Primum Cognoscere Rerum

Learning from Dogs

Dogs are animals of integrity. We have much to learn from them.

ianmillerblog

Smile! You’re at the best WordPress.com site ever

Defense Issues

Military and general security

RobertLovesPi.net

Polyhedra, tessellations, and more.

How to Be a Stoic

an evolving guide to practical Stoicism for the 21st century