Posts Tagged ‘economics’

Homeownership, a foundation of the economic middle class, a trademark of the American Dream.

So many capitalist bootlickers, who confuse having a comma in their bank account with their class status, love to point to the stock market as a sign of how well the American economy is doing.

We humans love to feel smart and in control.

The modern American economy, this side of The Great Recession is drastically more complex and out of control of the average consumer and worker regardless of if they’re in false class solidarity with the 1%.

Record homelessness means the system is a failed, broken disgrace.

Tent cities becoming an established norm across the country means the American Dream has become a living nightmare.

But it is hard to care about others when we are so busy just trying to keep our heads above water. Trying to make enough to keep ourselves warm, fed, and dry leaves little time or energy to help those who have already fallen through the cracks.

It would just be nice if we stopped lying to ourselves about it. But that would mean a drastic, immediate change in human nature. I’m guess BlackRock will get out of the real estate business before that happens.

Consumerism as a mandatory sign of love, caring, and affection.

That’s the American Way

It certainly is the holiday season in a nutshell for capitalists and their bootlickers.

Don’t dare ask why you have to buy someone something to show you love/care for them. Don’t even ask if there is something they actually need or can tangibly use in their day to day life.

Just buy them something, or you’re a piece of garbage. The more you spend, the better person you are. Whether it’s a lot of little things, a few medium things, or a really big thing. The more you spend, the more you are allowed to feel good about yourself.

Until the next day when you wake up. Until the next week when the holiday is over. Until the next month when the bill(s) come. Until next year


62% of Americans are living paycheck to paycheck, but do we dare buy groceries or pay someone else’s bills for the holiday? No, because that would be charity and if they want charity then they can pick themselves up by the boot straps and get a job. Oh they have a job? Well get a second job. Oh they have a second job? Uh
well
stop buying avocado toast and fancy coffee.

What about the people too mentally and emotionally damaged to work at all or enough to survive let alone thrive enough to buy unnecessary consumer goods for the people they care about?

Best not to think about it or ask questions
 that’s the American Way.

Naiveté of economic realities is something that seems unfortunately baked into human nature. In America where poor people or people who are just one step above being poor vote against their own better interests for generations.

The “Took Our Jobs” folks who are always ready, willing, and able to point their finger and raise their ire at anyone other than the billionaire capitalist class that is responsible.


“cash rules everything around me”
 is a universally agreed upon law of American life and other first world countries. So what does that mean when for the affluent when applied to income inequality, outsourcing, inflation, and tax cuts?

The people with the least, have the most influence on the lives of others?

Bernays won
in a landslide.

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.

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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..

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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.

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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.