Sunday, September 9, 2018

I'm not an expert on Economics, but here is broadly what I support.

Hopefully someone who is more of an expert then me will get where I'm coming from and work out the details.

First you should know that some of the earliest posts I made this blog I'm not exactly gonna stand by anymore.  For example the post I made a little over 4 years ago on Taxation has some of what I still view as the truth in it, but in 2014 my politics were still broadly in Ron Paul mode.  The three documentaries I recommended in that post I'm not gonna recommend anymore, one was an Alex Jones film, another was one Alex Jones did repeatedly endorse.  I don't know much about the over all politics of the people behind The Money Masters.  But basically I don't care as much about the Federal Reserve as I once did, I think it does need more oversight but it's not my main boogeyman anymore.

I'm also undecided on what my ultimate position on Tariffs is.  I know I oppose all existing "Free Trade Agreements" but I'm not sure what to do after that.

At the end of this post I'm gonna link to three Peter Coffin videos.

Phase 1: Taxation.

The problem with how we talk about Taxes is that it simplistically comes down to Conservatives lower them and Liberals raise them, with not nearly enough discussion of the different kinds of Taxes.

There is even specifically more then one Tax called an Income Tax, so I need to be really specific about what I mean when I say I want an Income Tax abolished altogether.  What I'm referring to is sometimes called the Personal Income Tax or the Labor Income Tax.  It's the Tax on the worker's hourly wages.  The working class isn't making what they deserve to start with, so their wages certainly shouldn't be Taxed.

There might be some people who, compared to what the average America makes, seem to qualify as "Rich" that are making an hourly wage. But when I talk about the "Super Rich" I'm talking about people who even make Hollywood Celebrities and Rap Stars look humble.  Contrary to the impression you get from watching how the Business world is depicted in most movies and TV shows, most people holding the position of CEO are not the actual owners of the Company but a person hired to run the Company for them, like The Hand of The King on Game of Thrones.  But even owners who do hold that title themselves, whatever wage their paying themselves is a small percentage of their total income.  No one in the Fortune 500 is in any significant way effected by the Labor Income Tax.

So I ideally want the Basic Income Tax abolished, but for now I'm willing to settle for it being massively lowered.  It's percentage should certainly be lower then the Capital Gains percentage.

I do not want to lower the Capital Gains Tax, or any other type of Income Tax that focuses on big businesses.  In fact I want to introduce a new one.  I support the Wallstreet Sales Tax.  I suspect that can easily more then make up for the income the Government would lose by getting rid of the Labor Income Tax, but I don't know for certain since I'm not an expert.

It's not about "penalizing people who are more productive", it's about the fact that with great power comes great responsibility, and under Capitalism wealth is the only real power.

I believe the 50c3 Tax Exempt Status needs to be abolished.  Tax Exempt Foundations are a big part of how the Rich avoids paying the taxes they're already supposed to pay.

Also I fully support Legalizing marijuana and putting a Tax on that similar to the current Taxes on Tobacco and Alcohol.

Phase 2: Minimum Wage.

I fully support the current movement to raise the national Minimum Wage to $20 an hour.  In the long run I think the working class should be making even more then that, but this is a good place to start.

Phase 3: Basic Income.

As I've said before, I support having a Basic Income sometimes called a Guaranteed Minimum Income. (Scott Santens follows me on Twitter.) 

I think it's highly Immoral that so many Americans are offended by the notion of Feeding people who don't work.  Scarcity is a Myth, we are now producing enough to provide for everyone, we simply don't.  All life is Sacred whether or not one "Contributes to Society" and many may have the ability to contribute in ways that aren't so easy to make money off of.

The notion that if everyone gets money for Free we'll wind up with not enough people working to be able to Tax to pay for that simply isn't true.  Maybe if we tried to do it in our current Taxation system, but certainly not in a model like what I proposed above.

The two main Basic Income models being proposed ares $10,000 a year, or $1000 a month which would come to $12,000 a year.  Most people are going to need or at least want more then that ultimately, especially if they're raising a family.  And those making Millions or Billions every year certainly aren't going to suddenly decide a Thousand a month is enough, those people are addicted to constantly making more money.

The people who are so lacking in ambition that $1000 a month would be enough for them, are mostly people who are having trouble holding a job anyway.  I can say that because I'm one of them.  But even then those people are a small percentage of those having trouble holding a job.  For many people their need to hold a "real job" are only slowing down their ability to peruse their true talents.

Now some Basic Income supporters are saying that it would be Cheaper then our current system of social safety nets and so we wouldn't even need to increase the Government's revenues.  I do want to increase the state's revenue since I want to keep at least some of those.  Charles Murray is a racist which is why some on the Left use his support of it against the Basic Income. The problem is people like Webster Tarpley are still Capitalist in their mindset, they still worship the idea of work.

Phase 4: I support having a single payer Health Care system, like most other developed nations.

Phase 5: If you wanna cut Government spending, it's military spending we waste the most money one.  Ron Paul proposed cutting the Defense Department's budget in half and that is one area I still agree with him on.   If you want to abolish some government agencies, abolish ICE, Homeland Security, the DEA and the ATF.  Not the the ones that regulate corporations.  We could also be spending a lot less money on Prison and the Police by decriminalizing Drugs and other Non Violent Victimless Crimes.

That's all the phases for now.

My ideal society arguably goes even beyond that.  But these proposals are the compromises that I think could vastly improve things.

Here are three Peter Coffin Videos I recommend.  The third is much longer then the others but still essential information.  I don't always agree with him, but these three videos are very informative and enlightening.

Why Criticize Capitalism?

Why We Need Single Payer Healthcare.

Overpopulation.

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