OF THE
TIMES
Restriction of free thought and free speech is the most dangerous of all subversions. It is the one un-American act that could most easily defeat us.
Take the "Pork Belly" experiment - I dare ya! [Link] - the experiment is the question answered at the very end of the article presently - and the...
I demand to know what sort of creature this is - in the Quirk below today - here is a link: [Link] - picture of the day #278024 ~ Is this the...
I ascribe to the ideology of "never say never" - and I can imagine a hurricane crossing the equator - getting most disturbed during the process -...
Pretty sure these type of schemes are also going on in Canada as our auditor general recently stated over 50% of Liberal contracts given to...
In Cali, the Police and Fire Dept let it burn for a little while before they move in. Safer for them, by then it is 'too big for intervention' so...
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"Investment" as it is being practiced today is not contributing to economic growth.
This is the entire conservative pitch, and we are just not seeing it. This leads me to believe that the idea comes from the cabal and that no one seriously believes it.
But the other factor is this: Income tax is a key component in the fascist takeover plan. Thus, if you are going to follow the most basic principles of good organization, income tax is not the way to "correct" this problem. Something has gone wrong in the markets themselves, or in society, that has allowed this to happen.
Markets
Do we really need all the various exchanges ("markets") that have been invented in recent times? Do they serve a socially relevant purpose, or are they just big playgrounds for the rich?
Excess wealth needs to be available to make loans. And that should be about it. Should people even be allowed to profit from price fluctuations of loan contracts? The profit from loaning money comes from the interest paid on the loan. Is buying and selling loan contracts for other than their face value even ethical?
With investment as it exists today, a total criminal, if he can somehow get hold of a big enough pot of money, can continue to survive without any further positive interaction with society beyond making a portion of that pot of money available for investment. Does that really make sense?
Society
We need some ethical benchmarks. Should someone who lives on nothing but capital gains enjoy the same rights and privileges in society as someone who actually contributes to tangible wealth, and thus the survival of the group?
One low-tech way to discourage speculative spending would be to tax it. You wouldn't tax income. You wouldn't tax someone for making a loan (saving money). But if someone wanted to buy loan contracts as a commodity he would have to pay tax on that purchase. The idea is to discourage consumption for its own sake, and make people think twice about how they spend their income. This should tend to encourage the making of money through actual production, or through saving money, which makes it available to loan to others to help them accomplish production.