Export-Import Bank? Instead, How About A MiddleClass Consume-What-You-Produce Bank? What? That's Called A Treasury Dept? So Just Lower All Taxes On Labor?

   (Commentary posted by Roger Erickson)





We could make this simple, and thereby make things better for all people.

But no. The US Chamber of Commerce has a more complicated idea, and crows that:

Ex-Im Has Financed $2Billion Worth Of Exports From Indiana Companies Since 2007

Huh? We're supposed to be impressed? We're LOANING our own fiat, to foreigners, so that they can buy what we produce ... and won't let ourselves consume? Anyone see a contradiction here? How do we grow if we export too much of what we produce?

If we'd just lower taxes on the Middle Class, then WE could buy what we're shipping to foreigners! Why export? Why give excessively to others when we could give to ourselves?

Ever see that little message on airplanes? "In case of an emergency, fasten your own oxygen mask before trying to help others." It's there for a good reason, as was our Middle Class. If we don't maintain our Middle Class, our nation won't be here TO help anyone.

[So why DO we export so much? Answer: The same old why. Exports are still used primarily as a way to take resources from poor people in exporting countries and give it to rich people in importing countries. Plus, we divert & lose that amount of our own fiat that is skimmed off at every step, by rich people in rich countries - through the miraculous evil of FINANCIERS impounding most of OUR fiat - which they then tell us we're out of, and must borrow back from them. How dumb do they think we are?]

Let's get this straight. If we have a fiat currency system ... then why on earth do we reserve most of our own fiat units for hoarding by the mere bean-counting clerks that track OUR fiat units FOR US? Ever seen a dog with 90% of its assets tied up in it's tail? They don't last long, and their last days are not pretty, as the cancerous tail kills it's host.

[Fiat] Taxes for [Fiat] Revenue Are Obsolete

Until every citizen in the USA learns that simple fact in highschool, or before, we will NEVER have sane, adaptive policy in this country. Every subsequent topic is just noise still distracting us from fundamental context.

Nevertheless, the Aiken Standard newspaper of South Carolina is on board with the bullshit, to serve the usual cast of characters.

[Propaganda]: Export-Import Bank is vital to state’s economy

How many people know who owns the Aiken Standard?

Worst yet, this cast of characters has nearly every labor union convinced that lowering Middle Class real incomes and expanding wealth disparity is in the self-interest of labor unions. Doh!

This is sad. Most Labor Unions are actually tied up arguing over which foot to shoot. That's pathetic, and they don't even know it.

Citizens don't let citizens operate ignorantly?

Electorates don't let Labor Unions swallow hooks, lines & sinkers?

What's worse than a drunk behind the wheel? A NeoLiberal in a policy office?

Calculating The Reparations & Refunds Owed To The Working Classes (claims against WalMart are just a start)

(Commentary posted by Roger Erickson. And a hat tip to Jim Valensi, and all union members from San Pedro, California.)

Citizens are finally waking up to the excessive, distributed looting and concentrated gain that business lobbies have come to practice, while exploiting the fundamental loophole that politicians in the USA can be bought, and cheaply too.

WalMart gets tax breaks as a "job provider" to drive out competitors, and then sticks local communities with added unemployment, to pay the living wage of the people WalMart supposedly "employs." Parasites are jealous! It's a diabolically brilliant method for killing your host nation.





Ironically, however, WalMart is just the tip of the parasitic iceberg*. If we're gonna talk reparations and refunds, we gotta be consistent, and start at the top of the hierarchy. No sense in just arguing over crumbs.

Over the last 4 generations, NeoCons have bamboozled untold Trillions from every single person in the USA - including themselves!

What would the refund to the MiddleClass be if we demanded back 4 generations of completely unnecessary FICA taxes? With interest & penalties (for policy stupidity)?

Remember, while taxes are fundamental to national solidarity, tax distribution is 100% policy, and taxes are NOT revenue for a currency issuer, only necessary - but not sufficient - policy.

Business owners get corporate welfare & tax breaks just for being in business.

Why don't working people get equivalent tax breaks for being in "labor" ?

Any anthropologist will tell you that clan & class competition continues, expressed nowadays primarily as excessive efforts to over-tax and under-fund PERCEIVED competitor families, clans & classes. That inability to see & explore bigger collective options is holding back the USA, and citizens of every other country in the world too.

We came out of a BIG option - WWII - with an agile, all powerful MiddleClass that made us the most capable nation on Earth. Since then, a few greedy, misguided bastards have been busy promoting the idea that 1% of us should shoot the nation not just in the foot, but in every internal organ as well. It wasn't always like this. Businesses from Kaiser Construction to (early) Hewlett-Packard once placed fair profits and fair wages on an equal footing. What happened?

Time for a refund? Big time!

How? Just take back the group brains that we've been tricked into NOT using, and refund our own damn policy. What's the option? Ceding ownership of our national carcass to the 1%? What on Earth are THEY going to do with a dead culture, after they've sucked it dry? Emigrate to new host colonies? What if they're all dead too?

If the USA is to light it's "shining beacon" again, it's gotta include a PARASITE LIGHT to attract and then neuter or re-purpose our own parasites. ("BlackLight" seems to work well on Control Frauds.) Otherwise, we'll be consumed by our own cloud of deranged capitalist mosquitoes and the greed-borne social diseases that they carry. Every time we get careless, another crop of antibiotic-resistant capitalists evolve, starts spewing onco-memes, and the aggregate barely survives. Re-purposing parasite functions is an honorable, ancient method as old as evolution. There's no shame in shaping parasites to aggregate or Public Purpose.

Can we get back to an ounce of prevention, so some insanely great cultural evolution can continue unabated for awhile?

* All FICA taxes to the working classes, since 1936? With compound interest and fines? Anyone wanna take a stab at that? Add damages and lost opportunities? We could have had an AWESOME middle class!!!

So-called US "national debt" (= savings accounts at the Fed) Has No Historical Correlation With Inflation.

Image hat tip to Auburn Parks at SeekingAlpha.

US National Savings Accounts co-plotted with CPI.

Can't repeat this viewing often enough. We have at least 10 million citizens to reach, just to start making a dent. 

Can someone please show this to Simpson & Bowles, and to Maya MacGuineas, at the "Committee for a Ridiculous Federal Budget"?

The only question remaining is who is sitting on the bulk of those currency assets? The distributed consumers/investors/users previously known as the US MiddleClass ...... or,  ..... a collection of oligarchs?