Posted 1 week ago on Aug. 8, 2019, 2:58 p.m. EST by agkaiser
from Fredericksburg, TX
This content is user submitted and not an official statement
Can our communities organize ourselves to provide employment, goods and services on a non-profit basis as easily as the for profit corporations and businesses on which we now depend for our lives and livelihoods?
It's playing out like "The Highlander." In the end, there can be only one.
What is the answer to the vanishingly small number of possible big time winners, billionaires, in the winner take all economy?
The one, the 100 or 1000 - the exact number when the pyramid collapses is irrelevant. What's true is that he, she, it or them is or are so psychopathic and single-mindedly greedy that they don't care about or are too stupid to see that when we starve in their service, they will die too. One answer is to tax wealth over $10 million at 99 or 100 percent. Use the money to finance every critical thing or service of, by and for the people on a non-profit basis. Prices come down. The real estate Ponzi is eliminated because, like all of banking, investment, insurance and real estate, the FIRE sector is the first industry to be communitized.
Medicine, energy, mass communications and transportation follow immediately. Others will no doubt occur to us to be taken out of private hands in order to secure our lives and livelihoods.
The for profit system of so called 'free enterprise" is broken. Only the greediest few refuse to see that. Yes, their are many fools who have yet to shed their conditioning. But things are deteriorating fast and even the bulk of the middle class is beginning to suffer from the oppression of the Wall St Oligarchs who own, control or hold the mortgages on almost all the wealth America has ever produced. That number at the top is shrinking, not growing, no matter how much those Ivy League MBAs believe they'll make it in the end, when there can be only one.