Forum Post: Don't blame the wealthy
Posted 13 years ago on Oct. 12, 2011, 1:29 p.m. EST by RegVoter
(4)
This content is user submitted and not an official statement
Don’t blame the wealthy.
90% of our problems today stem from greed, graft and corruption from deep pocket special interests and the lobbyist’s that buy and own our congressional lawmakers.
Congress passes legislation on behalf of it’s biggest donors that limits competition in their industry’s. That corrupts our free enterprise system that the rest of our business people have to live by. We saw the results of that corruption and greed in 2008. Our congress also reversed laws on the behalf of lobbyist’s that regulated the stock market, and the financial institutions. These laws were put in place after the crash of 1929 and the great depression years of bread lines and suffering that followed. Those laws that congress reversed, were put in place to make sure it never happened again. Again we see the results of that corruption and greed bringing this country to it’s knees in 2008.
The safety and security of this nation would never have been sold to the highest bidder like that if a congressman was actually representing his constituents.
Power corrupts, we see the arrogance over and over again when one of them gets caught with their pants down doing something stupid, their stupidity and clouded judgment comes from having so much power and influence for too long a time. We need term limits for all of our elected officials, term limits would cut the power structure between the 30 year professional politician that tells the junior congressman how to vote, and the lobbyist that own them.
All true, and although I'm all in favor of taking down today's ineffective and inefficient Top 10% Management Group of Business & Government, there's only one way to do it – by fighting bankers as bankers ourselves. Consequently, I have posted a 1-page Summary of the Strategic Legal Policies, Organizational Operating Structures, and Tactical Investment Procedures necessary to do this at:
http://getsatisfaction.com/americanselect/topics/on_strategic_legal_policy_organizational_operational_structures_tactical_investment_procedures
Join
http://finance.groups.yahoo.com/group/StrategicInternationalSystems/
if you want to support a Presidential Candidate – myself – at AmericansElect.org in support of the above bank-focused platform.
I don’t think the country, or most of the world would be in the situation it’s in today if our lawmakers were doing what was right for our country and it’s people, instead of selling themselves to the highest bidder. You are right, people have been sounding the alarm since the 1990s that we were heading for a train wreck in the years to come, but our lawmakers are owned, an look out for their own good first, and will do what ever it takes to get re-elected. With term limits you would not have that massive power structure of the 30 year veteran congressman and all the waste that goes along with him. Your newly elected congressman would be an equal, not a junior with no power as they are today. Congress’s campaign funds should also be limited to their district. A reflection to our congress and our federal government that everyone knows well is our tax system. Here is something that should be a simple process to implement and operate, but instead our elected officials have turned it into this massive behemoth that costs the tax payers billions to operate, and you need a degree in accounting to understand it. Rules and regulations are added to the tax code every year, but very few, if any at all are ever removed. The congress treats the federal government the same way, adding committees for 20 year studies, and adding an assistant to the assistant’s assistant. But when it comes to cutting the budget, they look to our elderly that are living on social security to turn off their heat, and cut back to one meal a day. Term limits would cure a lot of this countries problems.
This isn't an attack on the rich. There is nothing wrong with being rich. There is a problem with being rich and stealing from the poor. There is a problem with few people controlling the wealth, and to that end there is a problem when those who control the wealth are not helping their country and society progress.
David Walker, former US Comptroller General and chief of the GAO, warned before the 2004 election that if large economic changes were not made, by 2009 the United States and its taxpayers would not be able to afford the interest payments on the national debt. A study authorized by the US Treasury in 2001 found that in order to keep servicing the debt at its current rate of growth, by 2013 income taxes would need to be raised to 65%. If the United States cannot afford to pay the interest on its debts, that would be the final stage of economic collapse and hence result in a total textbook bankruptcy. The systematic crisis would in turn spread to the rest of the world.
How did this happen? Why is the US national debt $14,819,350,000+? Of the 203 countries in the world today, only four (!) do not owe others money. The collective external debt of all the governments in the world is now above 40 trillion dollars and this number doesn’t include the massive about of household debt in each country.
The whole world is basically bankrupt. But how? How can the world as a whole owe money to itself? Obviously, it’s all nonsense. There is no such thing as ‘money’. There are only planetary resources, human labor and human ingenuity. The monetary system regulated by Federal Reserve is nothing more than a game… and an outdated and dysfunctional one at that. Those in positions of social power alter the rules of the game, at will. The nature of those rules is guided by the same competitive, distorted mentalities that are used in everyday “monetary” life, only this time the game is rigged at its root to favor those who run the show. For example, if you have 1 million dollars and put it into a CD at 5% interest, you are going to generate $50,000 a year simply for that deposit. You are making money off of money itself… paper being made from other paper … nothing more - no invention - no contribution to society – no nothing. That being denoted, if you are a lower to middle class person, who is limited in funds, and must get interest based loans to buy your home or use credit cards, then you are paying interest to the bank, which the bank is then using, in theory, to pay the person’s return with the 5% CD! Not only is this equation outrageously offensive due to the use of usury (interest) to ‘steal from the poor and give to the rich’, but it also perpetuates class stratification by its very design, keeping the lower classes poor, under the constant burden of debt, while keeping the upper classes rich, with the means to turn excess money into more money, with no labor. That reality aside, there are other games in the system which have worked for decades, but are just now starting to bloom into the inevitable mathematic disasters that should have been anticipated 100 years ago. The point is, our system is broken. Simple policy change will not solve our debt problem. We need to alter the governmental paradigm if we wish to repay our debt. We need to end the Federal Reserve Board.
This is not a liberal or conservative issue. This is a matter of upholding the Constitution. Congress gave over the power of the purse in 1913 to a quasi-public-private bank called the Federal Reserve which manipulates global currencies. This is wholeheartedly unconstitutional, and at this point it's become immoral. We must act now.
There are different approaches to this. Singapore pays their politicians a lot more than the US(salaries for Singapore ministers are indexed to the upper 20% of attorneys and accountants in that country). However, politicians are expected to actually live on their generous salaries. No book deals. No campaign donations. No speaking engagements.