Human parasite is dangerous, to himself, others and to the Planet.Not all are really bad or stupid but many are dangerous given the right opportunity. The ,3,4,5 ,10 commandments do not help, they even complicate things. The Real Taboo, like do not kill, do not do to the others the things you do not want they do it to you is unfortunately a pious wish.
And the rest of us are Sizzling between the two Suckers. The two Vacuum Cleaners , sucking all away.
One, Neoliberal Oligarchy, the other, Planning and Command Oligarchy Suckers.Yes they have many things in common, but one is the divide;
(The First)The Neoliberal aims to Privatize all,take it from you and give it in the hands of the Corporations including the State
(the Second)The Planning and Command Committee tends and aims to grab all by sheer force of power, command and violence, and taking over the State take all from you.
The First has a more elaborate narrative, the Second not so much, does not need to.
The First produces the Corporate Governance,-circle and military style, The Second produces a so called Public Sector Army which by taxation and the controlled market, with incredible amount of regulations and taxes, exceptions and permissions of free enterprise reaches the similar MONOPOLY as the First.
Yes, the two Suckers meet in the Twilight Zone and are hard to distinguish each from the other.
We have to start, briefly from the notion of ownership- property to understand this fake divide between the Two Suckers, as history has shown.On one side, Property is at the end a theft, look what happened to the natives around the world, not to mention the Planet.. But on the other hand, it is a defense against the Other, which aims to occupy your piece of mind. Middle Class is built on this ;property as an asset and as the defense and protection from the others.Even the natives fight to get ownership (collective) rights on a land as means of protection.
We live in this contradiction and the Directors and Producers from both of the Suckers know it.
Normally an ordinary person, even the rich, thinks about safe havens. But in this new opening of the Giant Casino which is back to repealing any regulation,banking, environmental ,using border tax as a war tool, not even trying to establish a Fair Trade as means of exchange between the Nations, it is a fact that they are after you, especially your pension funds, the savings, and your property has been lost already as a tool to protect you from the sharks. Only fool thinks gold is safe, because one day you will not be able to sell it, they will tax it or just put you in prison for disturbing the market.Learn from the communist regimes, as they do.
It is all a fools gold .
The Fools Gold and the “as if “ golden standard rule on which the Eurozone and the Euro paradigm works or wants to work (sic k!)., by the means of blind cuts and austerity as a way to achieve the Gold Standard Equilibrium of no debt and constant budget surplus, a completely idiotic and mathematically impossible task in a Fiat Money system (out of thin air banking and QE)
It is really appalling that here around nobody wants (pretends not to) to understand the ECB or Eurozone architecture. The so called economists are wrapping up their mimbo jimbo, so clever. The worst places to understand economics are certainly Germany and Italy. First does not need to explain anything to its citizens, they are all believers in Bild ( meaning the news paper and a Picture, haha), the second tries hard to make citizen understand anything, for reason known, from the mafia to the fiscal compact.
BUT The ECB is much more clever than one thinks.In this global and local (Eurozone) fight of who is exploiting who,Both things are true-. ECB helps depressing the Euro, helps exports (Germany) and by depressing the other weak members ECB buys the weak members debt. Eurozone leaves the every country spread free floating as a tool to get this countries tied to implement the reforms ECB and the Commission thinks are needed.The spread-interest rate on the debt is left as each country concern, it is a “reflection” of its worth and so called “risk” -self fulfilling prophecy mostly, a perpetuum loop for the sharks to make big bucks. The bigger the spread,bigger the deficit, higher the amount for interest, the bigger is the stick of austerity, cuts ,taxation rise and the Troika is knocking with his recipe, cut cut cut , tax tax tax. But there is a nice carrot at the end of all this- a bright future for all, as usual in any prophecy.
Simple as that.
The results are seen and the hope of the neoliberal economic mantra ECB and EU Commission and the Oligarchy sell, is, that later, or much later ,the market will fix all troubles on a new equilibrium level in the Eurozone.They have to keep patient the populace by promising and they have to control who gets elected. And also they have to make it in such a way that exiting the Euro looks very difficult.
And this difficulties, like euro exit are all embedded beforehand, it is the Cost efficiency of the State organism, the rule of law and the level of taxation.More on that in the Budget deficit=net spending.
There is a southern belt of the Eurozone which is not cost efficient by any means.The rule of law is lacking, court disputes even for simple things take years if not decades (Italy, Slovenia), they get even statute barred legally after a few years, every second cause get statute barred (Italy.Veneto), meaning you will never ever see justice.
Then you have the Mafia organized like in Italy or clan and power groups organized like in Slobanja, Spain, Greece etc and with consequent lack of the rule of law or any control.
Let see the taxes. Some States like Slobanja or Greece still work as a hybrid between the Two Suckers, where the State Public Sector is a special caste and the biggest employer, producing all sorts of rules and regulations, futile ones , but thus preserving and keeping Control, expanding in all fields of life, and growing and growing… For a simple Airbnb one has to comply with 16 laws and even open a business for renting just for a week or two a year, keeping books and even , now, nobody will understand, even if you are not taxed for VAT, one has to make “atypical”VAT declarations, every 15th in a month… declaring zero!Just extrapolate this to any other field and … count the income loss, the imported currency a State is losing, or by stupidity or by protecting monopolies… And on top of that, the gold standard Euro rule which is forcing the internal devaluation, the Budget Constraint which is forcing higher and higher taxation , Mussolini – a fascist guy, even taxed the size of the windows,balconies, that is why in Italy the windows were small, it is not aesthetics, it is the taxes.So the wages get smaller, windows (soon) smaller,taxing higher and if you add the Hybrid Suckers system, which by privatizing and the rising taxation paired with the omnipotent Public Sector Caste working as Gatekeepers for themselves, and their silent contract with the local clans and their servitude to the foreign Corporations, which will privatize any public good (like the water, beaches in Italy- remember Bolkenstein directive?) and the completely disrupted public services like health care, where one can wait for years for a serious illness and die before, but in the meantime he is pingponged around, they bill but not give the cure, anyway it is better to die than to live on ridiculous pensions of the fiscal compact.
And, as in the Bill Mitchell blog,so well pointed, the Directors and Producers in the Eurozone use unemployment as way to cut imports and so stabilize the balance of payments and keep the golden rule.
So, we see the birth of the next level of the Hybrid Sucker, the local Planning and Command one inbred with the Global Neoliberal Sucker and we get,,,,Life.
That is why a Universal Citizen Income is the possible cure, robotics and algorithm future included and also as the urgent cause for change.. One has to sack first half of the members , hundreds of thousands of the Planning and Command Public Sector,from Slobanja to Portugal, let them take the Universal Income and open their Airbnb activity, and leave others in peace in pursuit of their happiness.Yes, nothing is perfect, but some things work.The some of MMTers might say the budget deficit = net spending will get in jeopardy, and other Keynes might say this will depress even more the demand side.Well, who cares ,it will be established on a new level and this is a structural reform. The productive investment is the only way out and goes together with the sacking of the Plan and Command Public Sector..It is not building much of the new things in Europe, it is more investing in all the “old stuff” going rotten all over, Europe is full of the “old stuff”, dismantling and restructuring the suburbia, and some reforestation, especially in Spain,Portugal,Greece, etc, will do a lot of good, etc , etc,
it is all about making things work, not perfection.
And going Debt free or the Overt Monetary Financing,
As in Wealth of Nations, a balanced state needs almost no taxation.
And all this,
But better be prepared and cultivate the garden.
terrific kick and a good pitch!
Some fact checking about Slobanja give a nice Gini coefficient; in fact it looks like nobody earns a bob; https://www.bna.com/slovenia-proposes-new-n73014444866/
The Income tax ladder is incredible, they get taxed almost from the beginning at 16%, after 8000 euros is already 27%, after 20.000 is 34%
after 48.000 is 39% and after 70.000 is 50% !
Counting the high tax pressure on the gross wages,70% of the work force has a gross wage under the average pay!!! no kidding all clever doctors, engineers, IT people and even nurses and builders run out of the place if possible.And all this money is ,puff,for nothing extraordinary, what you said is true
The new proposed 6,36% extra health tax on all income plus on the dividends, capital gain, rents, you name it, and the new proposed property taxes, tripling, make it a socialist paradise for the fools, the others run. Sure the Fiscal compact and all the rules of the Eurozone help a lot.
Sizzling!
Hello mates, nice piece of writing and fastidious arguments commented at
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I do not know whether it’s just me or if everyone else encountering issues with your website.
It appears as if some of the written text within your posts are running off the screen.
Can somebody else please comment and let me know if this is happening to them too?
This may be a issue with my browser because I’ve had this happen before.
Thanks
WD hopes it is a joke/omen and good one!
“It appears as if some of the written text within your posts are running off the screen.”
fantastic line, Witchdoctor also hopes that it has run off the screen!
Thank you for helping people find the information they need. Great stuff as always. Keep up the good work!!!