Skip to main content

Jobs

Yea, folks in the big city on the hill just don't get it. The business class / middle class, lost most all of its wealth to the upper / polutaclass. What's left they are hanging onto for dear life. The upper class does not create jobs, they export them. The growing reality is that the wealth accumulated by the upper class was based on over-leveraged paper. (spell that, "house of cards.") The wealthy, however do not hold the paper. They have taken outlandish salaries and bonuses and converted their lute into hard currency, solid equities and precious metals, not to mention fast cars, jet planes and fifty foot yachs. There are little or no jobs in those assets, save the equities, but those solid ones are solid by hiring cheap forign labor or exporting/outsourcing manufacturing. So, there you have it, no jobs.

The only way I know that the wealth will get back into circulation is through total disaster ie complete bank failure or other. One crazy idea I had was to forgive all forclosed mortgages. And, for those not forclosed, book to market at the bank as well as the mortgage loan itself. Doing so would reduce all mortgages to the equity level required by banks for a loan. This of course would cause mortgage derivitives to fail taking a lot of fat with it. It would, however, shift a large percentage of upperclass wealth back into the business class where jobs, inovation and competition thrive.

You can't put out a fire with an empty bucket.
Labels:

Comments

Post a Comment

Popular posts from this blog

Existentialism

There are more things in this World Horatio, than are dreamed of in your philosophies Shakespeare Definitions from Oxford Languages · Learn more: adjective relating to existence. "The climate crisis is an existential threat to the world." PHILOSOPHY concerned with existence, especially human existence as viewed in the theories of existentialism. "The existential dilemma is this: because we are free, we are also inherently responsible." LOGIC (of a proposition) affirming or implying the existence of a thing. the existential proposition that truth and reality are constructed fictions" Even physicists struggle with truth. Reality in the laws of physics repeatedly give way to new findings. The James Webb Telescope finds galaxies beyond the time and space of the established Universe. Anthropologists find evidence of civilizations earlier than documented history. What is truth? The use of the word existential as a syndrome for virtual truth begs the question o...
Post a Comment
Read more

Silent Voices

Civilizations under pressure often produce voices that crystallize their deepest questions. These are rarely kings or generals, but philosophers, teachers, and public figures who step into the square to provoke. Their role is not to rule but to make society face itself. In ancient Athens, that voice was Socrates. He wrote nothing. He simply asked: What is justice? What is virtue? What is the good life? His relentless questioning unsettled his fellow citizens, and Athens condemned him to death. He refused to flee, insisting that the examined life was the only life worth living. His death turned him into a symbol of Athens’ own unease. Our world has its own public voices. In recent years, Charlie Kirk became one of them. Whatever one thought of his politics, he drew large crowds, not only on American campuses but even in London and among Māori in New Zealand. He thrived on dialogue — fielding questions, sparring with critics, drawing applause. The style was different. Socrates aimed a...
Post a Comment
Read more

Domestic Labor

A smal incrament of domestic economic activity drives a large increase in the GDP. Vvelocity times money supply equals gross domestic product (GDP). The Velocity in single didgits when multiplied by money in the trillions has far greater effect than interest rates. For many decades, society overlooked and denounced Domestic labord. IRS reporting requirements, imcontax on the worker and social stigma discouraged if not eliminated this valuable segment of the labor force. Tax free, regulation free, domestic employment would add a significant boost to the overall economy, employ the unemployable, and provide shelter to the homeless, not a hundred percent, but to a significant degree. Think affordable houskeeping, cooking, and babysitting for the single mother working long hours.
Post a Comment
Read more