Forum Post: The End is Near
Posted 5 years ago on Jan. 18, 2019, 9:31 a.m. EST by agkaiser
(2555)
from Fredericksburg, TX
This content is user submitted and not an official statement
The FIRE sector makes money from money. Their interest and profits compound and concentrate wealth. That is the only possible outcome of capitalism.
Ex Nihilo Nihil Fit! That is the only possible outcome for the rest of the human race as a result of capitalist extractions.
Marginal income and capital gains tax increases will help the economy and relieve public debt. They won't do much to alleviate concentration of wealth that's the sword in the heart of our economy and community. They will make it harder to get rich but will do little to relieve oppression by those who are rich. We need limits on ownership.
The obvious answer is wealth and inheritance taxes at very high rates above a generous deduction and zero below the [to be] determined limit.
Does that sound idealistic to you? Maybe. The reason to aim for such an egalitarian goal is realistic. The course the human race is on right now is self destructive. And the morons running this shit show are too goddamn stupefied by selfishness and greed to see it!
Yeah, but those idiots will just ridicule the idealism of the proposal, while the thought they may be doomed [by their self inoculation against perceiving their errors] can never enter their tiny little minds. ... ok - I'll elaborate for you. The errors are the iterative failures to recognize: "Ex Nihilo Nihil Fit!" You can't make something from nothing.
Perpetual motion of money as in compound interest on investments, loans, even the profits on mercantilism and material production by employees or anything other than employee or community owned non profit enterprises will concentrate wealth and stifle real economic growth until the bubbles burst and the imaginary triumphs of the elite classes disappear in a mist of expanding vapors.
Then, instead of seeing that the system of individual profits (appropriated from collective work of others) they call capitalism or "free enterprise" that's perpetrated by financial and other elites is what caused the crash they just start doing the same thing again and again. They won't let themselves know that capitalism can never work for the long haul. Our economy is doomed by idiot elite classes that do the same things over and over and expect different results. Our business and political leaders are the proof of Einstein's theory of insanity.
A Summary of Capitalism:
The FIRE sector makes money from money. Their interest and profits compound and concentrate wealth. That is the only possible outcome of capitalism.
Ex Nihilo Nihil Fit! That is the only possible outcome for the rest of the human race as a result of capitalist extractions.