Tag Archives: tax cuts

Politics and the people

I’ve rarely had any enthusiasm for any candidate for federal political office, Democrat or Republican, because I know they have all be bought off by the power elite whose agenda is to dominate and exploit at any cost.

What I have been passionate about is a movement to promote social justice, economic equity, personal freedom, ecological restoration, community empowerment, peaceful relations with all, and human unity.

Surprisingly, in the current Presidential campaign, a candidate has emerged who seems to have the courage and ability to lead the political arm of such a movement. This recent message from Tulsi Gabbard speaks for itself:

This desperate coordinated campaign by the establishment elite and its backers in the corporate media can only mean one thing: They’re afraid of us. Afraid of the clear evidence that our movement is growing stronger every day, our message getting louder and harder to ignore:

The New York Times, CNN, the DNC, Hillary Clinton, her proxies; They’ve shown they’re afraid of our movement to dismantle the for-profit American war machine, to finally make Big Pharma pay for its predatory policies, to decriminalize marijuana and reform our broken criminal justice system, to make polluters pay for the devastation they’ve caused to our planet, our air, our water. 

They’re afraid of a Party reform agenda that will root out the corruption and rot, and re-establish the Democratic Party as the big tent party that looks out for the little guys. The Party that is truly of, by and for the people.

Are you up for it? 

Neither Tulsi nor anyone else can be our “savior.” It is still up to “we the people” to save ourselves, but part of that involves promoting a standard bearer who expresses our needs and desires and will work to implement policies that promote the common good.

Donald Trump promised to do a lot for the people, but has delivered very little. In fact, he has done much to damage us further. While he has made some moves to shift US foreign policy away from endless regime-change wars and covert interventions, his actions have been erratic and mutually-contradictory. His tax policies have increased income and wealth disparities, his energy policies have further damaged the environment and ecological balance, his immigration policies have done nothing to address the root cause of the refugee crisis, his trade policies, while seemingly well-intended, have damaged many American businesses, especially the small and medium sized enterprises he purports to champion.  

We can do better. We need a leader who can unify the people in common cause. I think Tulsi Gabbard is that leader.

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Central Bank Interventions and the Looming Catastrophe

In this recent interview below, Dr. Paul Craig Roberts describes the “house of cards” that is today’s global regime of money, banking and finance. Since the financial crisis of 2008, the major central banks around the world—the Federal Reserve, the Bank of England, the European Central Bank, the Bank of Japan—have all been active in the securities markets, buying huge amounts of government and corporate bonds and shares of private companies, a process that is euphemistically called “quantitative easing.”

As Roberts points out, these actions are being taken to support the big banks. I agree, but it goes much deeper than that. The underlying objective is to preserve the global interest-based debt-money system which requires continual expansion if debt, an inherent systemic flaw which I call the “debt growth imperative.” The result of these market manipulations, of course, has been the inflation of market bubbles in bonds, stocks, and real estate, and the massive transfer of wealth into the hands of a small segment of the population.

Roberts does not mention it, but the recurrent waves of tax cuts for the rich likewise seem to be designed to keep these market bubbles pumped up. The wealthy class, for the most part, does not spend these windfall gains, they invest them in, you guessed it, bonds, stocks and real estate. If tax cuts were to go mainly to the lower and middle classes, what would they do with the money? They would surely spend much of it, which would stimulate consumption of consumer goods and restore the real economy, but much of it would go toward reducing the massive amounts of debt that these people carry and make it unnecessary for them to borrow even more. A system that requires perpetual expansion of debt cannot tolerate that.
Now, do you understand?