Private space programs is the new private skyscraper is the new private island.
I don’t know which is worse, the greed or poor people that defend the greed.
Images like this one (pictured above) are why I call my economics blog Excess and Algorithms. Something that encapsulates modern capitalist economics.
Private space travel before universal health care or universal basic income. Very unfortunate, to say the least.
By @anarchyroll
No thing quite says the Republican party of the United States of America like a tax cut.
Did you notice how quickly and easily Congress was able to push through a tax cut for the wealthy? Almost every other piece of legislation (except for military spending increases) that has been attempted to be passed over the past decade has been a textbook example of two-party democratic government not working. If 1980s Dominos Pizza was delivering this tax cut, the oligarchs would get it piping hot and received no discount..
Every aspect of this Tax Cuts and Jobs Act of 2017 is a big, bright, and bold example of how the rich get richer and the poor get poorer in America. Follow the money is an age old expression. Congressional gridlock shows just how true that is. Because the only bills that have moved quickly through Congress have been military spending increases and this tax cut. The military industrial complex (who own he Democratic Party like violent pimps) and the oligarchs. King Kong ain’t got shit on them.
This bill is less about the Republican Party and more about who they represent and who they work for. Is it half of the American population? Is it a loud minority? A silent majority? Follow the money, who does this tax cut benefit?
Passing legislation has come to a halt in America since the last two years of the George W Bush administration. There was that one big exception, but almost every other bill has been stuck in legislative gridlock hell that is the United States Congress. Healthcare reform, immigration reform, financial regulation, digital privacy protection, et al have moved at painfully slow speeds if at all. Even common sense, bipartisan bills have had a hard time even seeing the light of day on the floor of either house of Congress.
But a tax cut for the wealthiest Americans? A 500 page bill involving one of the largest transfers of wealth in the history of the country? Less than a month is more than enough time. How does that happen? Why does that happen? Is that not why we fled England in the first place? I guess no taxation without representation only applies to taxes going up and not taxes going down, on less than two percent of the population.
Is this a tax cut to benefit people making less than one hundred thousand dollars per year? Less than fifty? Less than thirty?  Many might snicker and say those making so little don’t pay taxes anyway. That is the problem isn’t it? There are vastly more people in the current society who will benefit more in the day to day lives from taxes collected on the wealthy (social safety nets, community services) than by a one time, minor at best, windfall from a tax cut/credit.
The tax bill moved so fast through both houses that they have needed double, if not triple the amount of time to take the bills into conference committees to negotiate and fix the numerous, egregious math and budgeting errors. Drafting and finalizing a compromise bill behind closed doors has taken the place of proper on the floor debate as a result of this Congress moving at lightning speed to pass a bill that no one had time to read, let alone make logical decisions based upon critical thinking.
Congress rushed through this bill like a college kid rushing to finish a final paper or cramming at the last-minute for a midterm. There are two key differences there and that is that when a college kid waits until the last-minute to do their deep work it only affects them and their roommates. The legislative branch of the United States of America however, effects just slightly more people than a dormitorium.
Greed and corruption like this used to have the cover of a lack of transparency. In the era of telephones and television and newspapers and radios and telegraphs it was much easier for politicians to say X, do Y, and say the result is Z. The age of the smartphone makes it easier to be shady, but much harder to keep it a secret. The wave of careers being ended by sexual misconduct allegations from Hollywood to Washington is evidence of this.
What is also apparent when held up to the light of day is the fact that this bill is amoral. Ethics, budgets, math do not apply to this trillion dollar wealth transfer. Negotiated in secret, passed before it could be read, full of so many errors that both the House and Senate versions needed to be negotiated so much they were both essentially rewritten. How does the urgency of this compare to the passing of hurricane relief to Puerto Rico?
The tax cut of 2017 that has been instituted by the Republican party has been called the Tax Cuts and Jobs Act of 2017 by some and the #TaxScamBill by others. Terms of endearment or damnation depending on which side of the political aisle and socioeconomic spectrum one falls on. What are facts and not opinions however are that this bill was so rushed it wasn’t read or proofread by the people who wrote it. That there were so many earmarks in there in such short order that many proved to be illegible when held up to the light of day or a camera
This tax cut is like putting your coat down at a bar, turning your back for a minute, then turning back to find someone going through the pockets and them playing dumb about it. They know what they’re doing, but are hoping to use ignorance as a guise for willful immorality.
By @anarchyroll
With legislative gridlock being the norm in America nowadays, the courts are being left to decide political issues more and more. Partisan gerrymandering however is an issue that has been destined to be decided by the Supreme Court for decades.
Perhaps that is why the Republican Party has spent generations putting time, money, and resources into getting conservative leaning judges into as many judicial openings as possible at the local, state, and federal level.
A case like partisan gerrymandering is where the states meet the feds, where the courts meet the congresses. It appears very dry and boring on the surface but has all the makings of an Oscar nominated political thriller. The Supreme Court hears many cases but this case could be the most important not just of the year, but of the decade and the century. How? Ramifications.
The ramifications of a SCOTUS ruling on partisan gerrymandering has the potential to effect literally every election in the country that comes after. From national, to state, to local. From voting for president to voting on referendums. The way that voting districts are drawn up impacts every kind of election that takes place in America.
Technology has changed the art of drawing up political districts into a science. Computer programs can set in place political districts that will lean towards one political party for decades to come. This has nothing to do with right versus left and everything to do with right versus wrong. It is one thing to be a liberal city in a conservative county or a conservative county in a liberal state. It is quite another to have voting districts carved up so that only one party has a pragmatic chance of winning elections and ballot measures. Thanks to modern technology being applied to centuries old rules, regulations, and practices that is now a reality.
Voting districts being drawn up with algorithmic precision has the potential to make election results permanent. Tipping the scale to the political party who gets to draw them in the favor from the war time paradigm of to the victor goes the spoils. Ronald Regan once called this practice “antidemocratic and un-American”. But as we have seen over and over again the modern day Republican party only likes name dropping Regan and talking the talk rather than walking the walk on how Regan served.
Permanent political power is literally the opposite of what America was founded on. Political affiliation doesn’t matter. No political party in America should ever be allowed to make their reign of power in a democratic government a permanent one. If the founding fathers wanted this, they never would have left England.
It is easy to beat up on the Republican party these days considering the state of the executive and legislative branches of the federal government. But political gerrymandering is not more or less wrong because the Republican party is at the heart of this case. The Democratic party in Illinois has been doing this for generations. Being liberal or conservative, Republican or Democratic has nothing to do with the fact that gerrymandering on technological steroids is an affront to democracy in America.
The Supreme Court won’t be able to banish partisan gerrymandering, that’s not what the case they’re hearing is about. It is about setting a new standard and precedent for an age old practice that thanks to modern technology has been abused by those in power to maintain it. That seems to be going around these days like the flu.
By @anarchyroll
What does it feel like to tell someone they must remain sick or die so that you can have more disposable income? In America, you indirectly tell people through backdoor lobbying of elected representatives with dark money.
What is the cost of living? Is there a societal flash point where that question is addressed out in the open collectively? In 2017, it feels like that point may be boiling closer to the surface than ever before. It was thought that the question was asked and answered in 2010 with the passing of the Affordable Care Act (Obamacare) into law.
What was learned was that there were a great volume of people who benefited from having access to health insurance who didn’t before and there was a large volume of money spent to resist the legislation at every possible turn. It seemed like a vocal majority of the country enjoyed what the ACA did for them. We also found out from the 2016 presidential election, that the silent majority of this country (whites) knows how and when to make a stink.
Repeal and Replace has been a battle cry for over half a decade for the Republican Party and the top one percent of economic earners whom they represent. Obamacare was nowhere near unflawed. Despite its limitations, holes, and warts it did accomplish something that those on the left have been championing for almost a century; access to free/low-cost healthcare to millions of people regardless of political affiliation or belief.
The masses have had a whiff, a taste, a sample of universal health care…there is no going back.
Republicans currently control the United States government. They have the executive and legislative branches and are gaining control of the judiciary. With such deep and vast control, they have been unable to eliminate Obamacare. How? The only thing that’s stopping them is the voting public. Who would’ve thought that an approval rating of 24% as a Congress compared to a 55% approval rating of Obamacare would create obstacles in a democracy?
There used to be this thing called give and take, compromise for short. In terms of economic policy in America for the past half century, it has become take, take, take. Income inequality is at eye-popping levels. Social media has put a magnifying glass on the haves in America. Their appetites of ego and greed has had them binge sharing their lives via smartphones for a decade. One thing all of these filtered and geo tagged pictures, videos, and stories have made clear; is that the 1% can never get enough.
I suppose it would be great to live our lives on permanent vacation. Is that not the end result of the American Dream? Going from the beach, to the boat, to the club, to the rooftop bar, to the personal jet, to the invitation only party, in the unlisted restaurant, at the private island, etc. This lifestyle requires opting out of the social contract, it is an evolution of the gated community.
To live these contribution-less lifestyles, there must be a transfer of wealth without physical labor or violence. The American Health Care Act of 2017 has been independently shown to be nothing more than a tax cut for and transfer of wealth to the top one percent of income earners in America. It is a money grab through the legislative process. It is a bank heist through legal channels.
Okay, that might be too cynical of a view. We should be glass half full kind of people. It’s better to just think of the repercussions of this bill, as a cost of living adjustment.
If half of the world has less money than less than ten people, something is either wrong or rigged. There is no middle ground or shade of gray. Either we are living in a world of kings and peasants or we are living in a world where all people are created equal. The very idea that there will always be poverty at a time of mega yachts, vacation homes, million dollar cars, Botox and private islands is to spit in the face of reason.
A very real present day consequence of this growing, institutional, massive wealth disparity is seen in the rise of populism politics in the industrialized world. Brexit, Donald Trump in America, the growing  Made in France movement, and so on. It has finally caught on that globalism doesn’t work for the common man, because it wasn’t designed or put in place by the common man. It was put in place by the elite, to benefit the elite. The manual labor workers of the first world have been forgotten and left behind. Whether on purpose or on accident no longer matters, they have made their voice heard by organizing and getting behind far right political parties and candidates.
The political consequences of the wave of populism that we are currently in the beginning of, are just now starting to take shape. But politics is just the tip of what is going on. Follow the money, because neither political populism nor big philanthropy will be enough to stem the tide of the rising groups of people with no jobs, no homes, nothing to lose but debt.
They are going to the voting booth for now, protesting in mass on the streets for now. But the history of the world shows that concentrated wealth and power are the planted seeds for rebellion. Â And unless the elite share the love as well as their wealth, it is not a question of if but when their favorable debt to liquidity ratio can no longer save them from the ratio of have-nots to haves that are past the point of no return.
Eight men possess more wealth than half the world combined? That doesn’t happen on accident. This has been done on purpose. This is long-term, purposeful, monetary migration. The problem is known. The solution is known. But the money keeps going the same direction, up. These super charged capitalists have certainly skirted some laws to amass their obscene wealth concentration. But nothing skirts Newton’s Third Law of Motion. What goes up, must come down.
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