Archive for the ‘Fall of Rome’ Category

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…)

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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