Thursday, October 6, 2011

I Shouldn't Say This

It puzzles me that certain facets of the self created economic CRISIS are ignored by concerned citizens who protest, and others. I am not that convinced that many of the Occupy this or that crowd know what they are protesting for or against. If they do, it certainly is not very well articulated in simple clear terms.

If people want to focus just on the mortgage market which suffered because too many loans were made to sub-prime borrowers, the ought to ask why this occurred. Do they think lending institutions initially thought loaning to dead beats was a good strategy?
I do not think so. The US government mandated much of it under the guise of diversity and helping the downtrodden. As with most such efforts, the result was to further create dependence upon various agencies for survival. It is a huge scam. What some Black economists call "the 21st century plantation".

The thing is, there are always opportunists who will not resist the temptation to get rich off of things which are wrong and vile, but not necessarily illegal. Then people ignore the real core cause and focus soley on the shysters who cashed in on it. The sick thing is they cry for the same people who caused the problem to fix it, and buy the rhetoric of those creeps while they point fingers everywhere but at themselves, as if they are shocked and dismayed. They are the damned problem.

Wall street, per se, is not the culprit. Corrupt officials and a government operating outside its proper functions make this stuff happen. It is part of The Big Pretense that the public still refuses to see that. I believe it is because so many are involved with government contracts, receiving grants, subsidy or other wealth tossed out like little crumbs to pay for silence and cooperation. It is much easier to blame corollary operatives and beneficiaries of the corrupt behavior than to examine what makes it possible.

Because what makes it possible is the bread and butter of far too many. And the PR work has been brilliant in labeling vague enemies like "the Rich", or "Wall Street", much like the nazis managed to vilify Jews back when. Though the drastic nature may not be the same, the technique remains intact.

Those under the top 10% but above the bottom 50% of wage earners account for 25% of the revenue to the US government. The top 10% pay the rest--75%. The bottom 50% account for zero. I think those figures are accurate. I'm thinking the bottom 50% net out to zero because of earned income tax credit, but I think the upper part of that group has to pay. Still, it is apparently the case that half the country does not contribute to their revenue. That statistic has not been disputed in any discussions and debates I've heard. There is a huge and growing number who fall into the official definition of the poverty level. That figure may or may not reflect true poverty, but it is their definition.

The point is, the rich pay a lot. They are taxed. Maybe not to the point that that aren't still rich, and perhaps that irks the envious. The rich pay for things, hire people and are often honest and not corrupt. To label the group as if they all stole their wealth is purely a false accusation. The people I know and have known who fall into the multi-millionaire and above category earned through persistence, hard work, vision, and sometimes a bit of luck, but rarely is luck the significant factor. They are not bad people and their wealth does not make me poor. It helps me survive because they can afford to pay me to do things for them.

The general attitude being fomented is a trap. Do you really think Warren Buffet wants to help you? And do you really think he isn't leaving out many relevant facts in his claims? There is something in it for him. Otherwise he'd just write checks to the treasury instead of whine that he doesn't pay enough. He'd hate the Fair Tax because there's no way he can beat it. He likes the IRS and the complicated code. People like him wrote it.

The point is that what is called a tax break for the rich just means they don't pay 70% of their income like they once did. You really want a reasonable tax which doesn't require hiring people so you can keep some of your money, and doesn't provide loopholes for the elite? Then demand this system be abolished, the 16th amendment be repealed, and go to the Fair Tax, or an across the board flat tax. No deductions or rewards for behavior or life choices. You want to have kids, that's fine. Married, fine. But no reward or penalties based on that.

The present system (IRS) is merely a weapon used by those in power against those who threaten that power, and as a tool to keep people down and afraid. It is an aberration in a society which claims to value freedom and inalienable individual rights.

Occupy the IRS and most of the other agencies in DC, not Wall Street. Some of wall street may be in bed with the enemy, but they aren't prime movers of the evil deeds which result in the things you are protesting. Many of your fellow protestors are but minions and controllers of those who created this CRISIS. If you trust Jimmy Hoffa2, then I have a deal for you! I'll sell you the Brooklyn Bridge for a fraction of its worth. Trust me, I'm on your side. Oh this? Dat's my Louisville Slugger. I always carry it--for luck. Pay no attention ta dat.

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