” We are ourselves and a vast collective…” – From A Bird and Its Albatross
Capitalism has a great flow going for it – for some, and had more so before it slowed down. For some income is slow, “thirsty snail across the desert” slow.
The siphon of cash flow remains to flow upward to those who created a well positioned money magnet, be they pharmaceutical companies draining the sick for high profits or charging market rent just because everyone else is doing it while your profit is 200 x your need or maybe not modifying the profit margin after your company is running in less overhead for years while business has picking up slowly for years.
Monopolization of everything a human needs to survive and placing ownership on it provides a drain at every orifice. What a landlord can charge for rent has no guideline for the most part. Is pricing everything at market value price fixing? It is to a degree? The law of averages need not apply if your rental income provides (exaturation) 200 x your operational costs. Gas prices are as obnoxious as gas emissions and well….gas. Considering the profits of gas companies and how our transportation and goods cost are driven by gluttony, gas had become a major pain in the a.. and so we need to support the best technology going forward to offset this expensive energy source.
(From an environmental standpoint, with all the literature out there on balancing of the ecosystem, the physical earth is getting sucked as dry as we are. At least were concerted on rebuilding the environment, well a lot of us.)
The working class income gets sucked on upward to the well positioned top players of the mighty monopoly board that capitalism nobly set up for commerce purposes from way back. Yes there was good in that, especially the reservoir of taxes collected that are apparently still being handed out every now and then. Those at the other end of the syphon know seeing excess money popping up to be the spotting a $20 dollar bill as the laundry falls out of the drier “Wow, where did that money come from…” (25 cents for 7 minutes, just in case the 1% curious. ). Things worked like a charm for many years but salaries dwindled and for many it stopped. This impacts the populous leaning on government for support and there goes the governmental slush fund.
(For many though, since that kind of relationship with the government does not come with a two-week paid holiday to London, or Denver or anywhere, most are inclined to continue to job hunt like absolute fiends.)
I provide the following point via a intentions of a trust fund left by the will of Robert Schalkenbach Foundation in 1897; it included a purpose to “spreading among the people of this (USA) and other countries a wider acquaintance with the social and economic philosophy of HENRY GEORGE”. Here was Henry’s bone of contention, back then:
“Why, in spite of increase in productive power, do wages tend to a minimum which will give but a bare living ?” – Henry George, Progress and Poverty 1879
Henry George went on to say ‘what a firm makes has nothing to do with what it pays its employees’. These are two points made in the first few of six hundred plus page book that caps off with chapters How Modern Civilization May Decline, The Central Truth and Conclusion – The Problem with Individual Life, and other thoughts on Progress and Poverty. If we can learn relevant things from the past, we earn a better future. If wages were higher from far back, from the beginning of the momentum of big business, there would likely have been less of a gap and perhaps more efficient use of time and tax monies. Our fine populous needs a decent working income and some kind of adjustment of that enormous syphon. We should not be “nickle and dime”-ed to maintain totally gross profits of conglomerates.
(Henry….how do you like your coffee?)
The 99%…85%..84%..etc may run, may continue to run or in effect ran out of cash to play on this true to life monopoly board.
We need fresh board for new round of capitalism to start churning. Without making it the next round, without cold hard cash for electric, gas, mortgage payment, food…etc (plus..remember the American dream, some keep dreaming and also play lotto), people will not have spare change for investment or indulgence.
(Fortunately there are more options on cheap coffee than gas.)
Problem being, the top players do not know exactly how to reset the board and/or are not at all eager to reset the board the way the board is presently stacked. The game of monopoly is great but stalemate is stalemate. Not much goes on at stalemate but tension, gloating and regret all depending. And, admit it, stalemate is boring. The reality of remaining at stalemate on the loosing side is bitterly cruel yet comfortable for the winning side. Stimulus money was an attempt at getting players back in the game. General Motors, with the help of the government, is back on top of the game and so are GM’s employees. We know a faction of the 1% is interesting in resetting the board. We know a faction really likes playing and is game to get back into it. Like all good gamers, some enjoy calculate risks while others prefer a safe bet. The risk in reality is the real play creates real consequences.
(Now is the time to make coffee and keep pouring until a deal is struck.)
Obama is trying to reset the board by asking the echelon of the board, the people the wealthy also helped place in and round the oval office, to pay more taxes. Face it, we can all well imagine ourselves as 1%ers. Some would likely want to hold on to every nickle, penny, dime and dollar you piled up (fess up). Also admit, there are very admirable people in that 1%. Steve Jobs went to the top and stayed at the top yet what he did had a clear focus on anyone and everyone one sitting in front a computer monitor. As a result of Steve Jobs, Steve Wozniak and the incredible Apple team players who worked hard and thrived everyday at warp speed intellectually and technologically speaking, the global conversation is easier and faster than ever possibly imagined. The survived youth and thrived (educators take note) It is clear that teamwork can provide the catalyst to break the stonewall on this profusely boring stalemate. The generosity of both his time and the intellect he has left us with to build on.
(Time to find some dessert to have with the next pot of coffee. Who can afford the dessert? Maybe soon we all will.)
Warren Buffet is behind paying more taxes. (Go Warren!) Other 1%ers allude to going for the idea while doing nothing but hide behind the Republicans. The Republicans protect their investments to leverage a win in the next election, re-election or ejection. Obama, must definately say, admirably raised the issue and did so impressively and politely (Mama-bama! Grand-Mama-bama! Rest your soul!) Sitting on the fence is maybe a large 2/3% (or larger) part of the 1% watching all political debates on this looming tax issue as they stoically unearth tax shelters from the comfort of huge abodes while they could be donating them to homeless shelters for those running out of income to pay the escalating values of a market rent.
RED HOT TIP
for AFTER the RECESSION:
Don’t spend your money all in one place.
Don’t save your money all in one place.
Eat healthy to avoid the high cost of health care.
Create Calm – Celebrate Civility!
Images featured are from the Audience Series in Gallery Longo by the author.