A majority of Americans, about 230 million, take
home just 15% of the income of the U.S.A. The top 20% take 85% of the income
and the ultra-rich take 3/4s of income growth. In other words a growing economy
primarily benefits an oligarchy and counter-cyclically degrades the political
effectiveness of democracy. As the
economy recovers and expands the poor and middle class become
politically and economically poorer. The top .01% for-themselves take ten
percent of the income in the U.S.A. today. As global economies rise and consume
more non-sustainable economic product the cost to U.S. consumers may well rise.
The capital gains rate is just 15%. The ultra rich
only pay only about 20% income tax. With Wall Street and bank networking raking
in profits everywhere-since the 2009 recovery began the rich have taken in 90%
of the wealth. Outsourcing of jobs continues with better investment
opportunities abroad for the international class of the ultra-rich. Obama
economic planning does little or nothing to address economic reality. The
President's Harvard-Wall Street advising crew seems to have him dancing and
golfing on strings.
It is the majority with just 15% of national
income that will pay proportionally more for Obamacare because of the increasingly
regressive tax structure. If illegal aliens were made legal they would just be
added to the majority dividing up just 15% of the national income. New citizens
in the impoverished majority would require government assistance from that
themselves in new schools, policing, training and social welfare payments.
There seems to be a financial firewall between the rich and the majority such
that federal legislation gets increasingly financed and/or programs cut from
within the 15% tax base income portion. Maybe the 15% portion of national
income consumed by the majority can be viewed as a distasteful allowance the
ultra-rich must concede in order to keep the majority compliant with their
program though it would of course be better consumed by the ultra-rich 1400
billionaires of the world and their lackey millionaire juniors.
Democrat politicians may argue that increasing the
tax base with new citizens will help pay for the social welfare system, yet the
only way to actually increase the tax base is to tax those with the money and
that isn't illegal aliens or youth. President Obama twice was the cheerleader
against ending Bush II tax cuts. The ultra-rich couldn't have a better
lawyer-actor front man to occupy the time of the somnolent masses satisfied with
a non-financial political agenda the ultra-rich tolerate.
Those with the money are the 1% global
corporatists. As the demographic numbers of the poor and middle class increase
their incomes remain the same or stagnate. Government just redistributes middle
class and poor income to new members of the middle class or poor.
The demographic theory of increasing the insurance
pool to pay health costs with young people required to buy insurance will just
take more from the majority with only 15% of national income and redistribute
earnings to the ultra-rich. A substantial tax increase on the rich is the only
way to move outside the small income cluster of the majority and move into the
preponderant, dominating income cluster of the teeny tiny minority with the
money/
The majority are sold a bill of political goods
concerning the majority's 15% of U.S. income while the vast pile of
concentrating wealth income of the 1% and the.01% are regarded as sacred ground
in the Church of Adam Smith's Libertarian Deregulated Capitalism. Owning the
broadcast media helps control public opinion in favor of the lobbyists working
for the rich like the politicians except for Bernie Sanders who unfortunately
is a socialist instead of a reform of capitalism through downsizing.
Democracy requires egalitarianism of income
distribution because money loosely converts to political power. It can be
expressed in terms of Einstein's famous formula of E=MC2. Transformed to
explain political economy it reads P=MLA2 (political power equals money
times lobbying and advertising squared).
It is necessary to reform capitalism and free
enterprise in the United States today to keep it at a pragmatic human scale
rather than in inhuman, abstract, Satanic globalism of oligarchs. Plutocracy
even if perpetrated by benevolent oligarchs develops the same inhuman
characteristics as communism in nullifying the opportunity for individual free
political expression and free enterprise although through different means of
suppression.
It would be good to create an ecological economic
shadow infrastructure in the U.S.A. through federal leadership that would favor
local development of ecospherically sustainable jobs. The national ecospheric
business infrastructure would be regulated by the state but not owned by the
state. Businesses compliant with sustainability and employee number caps (fewer
than 5000 workers) would receive tax breaks and be eligible for available
contracts from the state. No American should be allowed to own stock in more
than three corporations.
While business is global and taxes are avoided by
Plutocrats leaving the vast majority of American income under taxed and
over-concentrated national debt builds up. The President can talk about
education for youth and spending on select obsolete physical infrastructure
renewal all he wants as a way to create jobs for the middle class, yet he is
appears to be entirely wrong about the prospects for the middle class.
If tax rates on the rich and capital gains tax
rates were progressive, if the Bush II era tax cuts had been allowed to expire
the U.S. economy might have had a chance to improve. Cutting federal spending
and improving existing federal programs if not entirely reforming them to
syntigrate more effectively in the economy were good objectives for the first
and second Obama administration terms too, and neither was attempted.
National income should be such that the majority
of the people take at least 50%.
Government policy should set that number as a prime directive. Money
equals power. Democracy is about majority power. The majority should take the
majority of income to conserve the majority of political power.
Income should be produced through sustainable
ecospheric means. Maybe a full-employment economy can provide enough of a
natural social welfare to negate the need for excessive government
welfare.
The transition to a high-income sustainable
ecospheric base for the national majority can serve as an example for other
nations. America should be a laboratory of democracy successfully adapting to
the challenges put by the existential, and phenomenal physical and social
environment.
Freedom of religion, freedom of thought, freedom
of speech and free enterprise are necessary, vital elements of a healthy
democratic society able to adapt to heterodox challenges of empirical
existence. Democracy is about necessary regulation that benefits equally well
the majority of the citizens of a nation. The golden mean of deregulation is
selected to conserve the real individual interests of the majority within then
meta-regulations of democratic governance.
Taxing the economic extreme corrupting democracy
by concentrating wealth in the .01% may drive globalists farther offshore,
perhaps to the moon, yet it would help restore a democratic health to the U.S.A.
and pay off national public debt. A basic plan for ecospheric economic
syntigration should be ready to phase in as rich globalists paying low taxes
find foreign fruits more to their liking than a democratic social environment.
Economic liberty and economic justice for all does not come cheap. An ecological economy of full employment
could gradually phases in as plutocracy fades out if people are educated well
enough to become pragmatic business activists.
A healthy democracy with limited size corporations
and full employment within a sustainable ecosphere that supports individual
free thought and free enterprise is a better direction to trod than an anarchic
oligarchy of Plutonomy oppressing individual development using a soft
networking corporate power to snuff out meaningful democratic dissent.