Showing posts with label income disparity. Show all posts
Showing posts with label income disparity. Show all posts

Sunday, October 15, 2017

Shut Yer Yap: How to Starve Yourself Rich (A Numismatic Exorcism)

             Nought is clear, lest we view it through the Lens of the penetrated stone.

            Nought is clear, but that the study of rai (also known as raay, fei, the Yap Island stone coin, and on the international currency market, YIC) is essential to all future study and understanding of numismetaphysics.
This is why some more study of rai shall be necessary before we continue to our main subject, cryptocurrency.

In his 1991 paper “The Island of Stone Money”, Nobel Prize winning economist Milton Friedman (Uncle Milty himself) discussed the similarity between the practices of marking gold stored in Federal Reserve vaults to signify a change in ownership, and the practice of marking rai for the same purpose.
In the paper’s conclusion, Friedman writes how important myth – “unquestioned belief” –
is “in monetary matters”. He continues, “the money we have grown up with… appear[s] ‘real’ and ‘rational’ to us”, while “The money of other countries often seems to us like paper or worthless metal”, even if its purchasing power is strong.
This ought to demonstrate to any savvy investor that talk of “the gold price”, “the iron price”, etc.TM, is bull hockey in your pocket. Moreover, that the value is in the Eye of the (Arthurian) Stone. This is the maieutic source of currency’s value. So, then, if we are, indeed, destined to play a Game of Stones, we must ask ourselves whether it should, in particular, be a game of birthstones.
Do not let your Eyes be deceived; after all, The Book is made of paper (though it may have gilded edge). And the Almighty Emperor’s Commodity Fetish Records 999- Economic Unit Note be of paper.
So what, then, distinguishes The Book from gold? The Book from the Note, or the Note from gold? Gold from the Heart? Only the Beholder of the Light. Only the Truth and Truth of the One who makes the Promise to pay to the Bearer on demand. The Bearer of Light teaches that the Word is only as good as the heart it is printed on. Thus, the Word backs gold and paper alike. The Promise backs their value. This is what I saw through the flames.
But just as importantly, and to answer the Question directly, gold is alone among these in one key aspect: it cannot be burned for heat in an emergency. Aside from Friedman’s probably subconscious allusion to this phenomenon, that this fact makes gold inferior to the Book, the Note, and the Heart for use as a currency, has not yet been noted by mainstream economists. Thus, the Jungian Shadow cast by the spectre of gold has cast a scintillating Skynet to blind nearly all of the scientists of modern currency. This is to be remedied, for We know where the real gold is buried.

So, then, cryptocurrency. Currency reclaimed from the crypt. Is it a current currency, or not?

 Does the immortality inculcate (charge) a presence – a life – into the currency, or does its deadness (however imagined or falsely perceived) subvert its value as a “living document”? Only the numismancers know for sure. The answer might explain why we still have pyramids on our damn “money”. The only way to get through the Eye of the Rai, in a manner of speaking (and, also, quite literally), is by Numismancing the Stone.
We love our money like we love our own flesh and blood. After all, it’s backed by our own flesh and blood, isn’t it? Just as sure as the paper you’re printed on, just as sure as your dossier will survive you, if it backs your currency, then symbolically, it is your currency. We may say “I like money” or “I<3$” (now a publicly traded company), but how many of us would be willing to kill, or even die, for our money, and for its value?
One major determinant in the value of rai is the grandness of the story which can be told about one rai; what happened to it on its way to Yap from the distant island on which it was quarried. Aside from the size of the coin (ranging from 3 inches to 12 feet in diameter), whether those transporting it survived a storm, or whether a famous sailor brought the coin to the island, may boost its value.
Most importantly for the purposes of this discussion, rai may have high value because many people die bringing them to Yap, or (perplexingly) because nobody dies bringing them to the island.
This is why we must either kill many people, or else die (and take many others with us), in order to continue to bogusly inflate the value of our currency. Just as in the balancing act between relying on ubiquitous use and widespread acceptability vs. scarcity and uniqueness as the driver of currency’s value, it could not be clearer what we must do for our money, for our “own” flesh and blood.
That is why we must fight this currency war – and we shall fight them; on the Banks of every river, in every trench and every Bank vault – if we are to procure for our posterity a Currency of Blood. It is all for the sake of STABility. Remember, you’re worth more dead than you are alive, right? Just don’t go about trying to prove it, though. I mean (say it with me)… Just You Buy It!(R)

This leads us to our next topic: how to strike it rich without working.
For example… take me… please! I don’t do shit, I make money. Read The Tao, be The Master, make shit happen. I mean… I get paid to make money.
I know we’re told that high earnings, and a lot of money, and rewards, are the inevitable result of hard work. And that if a man does not work, neither shall he eat. But I’ve eaten without being required to work for it, and I get paid to sit around and do basically nothing at my job.
That’s why I attribute all of my success and earnings to hard work. To do so may go against everything I’ve observed, but everyone else thinks it’s true, so I don’t object, because it’s all I can do to keep from shouting from the rooftops that it should be legal to steal from me. This is the Root of the Hole in the Coin. But back to my financial advice.
Are you starving, freezing, poor, broken? No, you’re not. You only feel that way. And for you to project your feelings onto my rights is unconstitutional. It’s a violation of my rights!
‘Ey, if you’re poor, spend less money. If you don’t want to pay taxes, then just refuse to pay taxes, or else stop working. If you can’t find work, get a job. If you’re disabled, work harder! If you can’t afford good food, eat garbage! If you’ve frozen stiff in your apartment, just walk away from the apartment and the landlord! I mean, if you’re in chains, break out! Amirite!?
As I suspect Jesse Ventura (Master of Mixed Metaphors) must have pontificated at some point, “Ask for work. If you can’t find work, ask for bread. If they don’t give you bread, steal bread. If you can’t steal bread, let them eat cake. And if you can’t have your cake and eat it too, then the proof of the pudding is in the eating of the cake bread pudding.” Man can live on bread alone! But only if we learn to Leave Breadney Alone.
These are the only paths to stable, rising financial gains. …Chris Gaines.
You’re welcome.

Oi, fucker, why do you think they needed to punch holes in Jesus’s hands for the Crucifixion? Well, how else are you going to insert his employment chip? I mean, Everybody Loves Revelaymond. Furthermore, is Jesus the type to charge rent for the privilege to occupy – and use – his holes, for whatever purpose we may imagine?
This is why I say, to fuck a hole in your money is to fuck a hole in yourself (as a reminder, the hole represents built-in debt). This is what it means to be unable to worship both God and Mammon (profit).
After all, the holes in Yap Island stone coins are not for the insertion of poles as axles, but only as transportation devices. To repeat, Fred Flintstone was not driving his moneymobile around Yap, that’s not in the historical records. Again, rai are as small as 3 inches; yet for some reason the holes are retained even at that size, though their light weight makes the use of poles unnecessary for transportation.
So, then, why not fill the hole with something else, such as your hopes and dreams? Your fears? A nice ottoman or a duvet? A sword? Your balls? The Resonating Light? Why not shove a jewel in there, make it nice and pretty? Remember, there’s more than one way to “charge” your purchase. Do some sacred services and an incantation, turn it into a portal so its demons can escape. Do a thing.
As Milton Friedman suggested, and as Emperor Ryan explains, “money is a magic[k] fetish”; an object believed (unquestioned) to possess a sacred, intrinsic, imminent value, including, often, a spiritual one. Emperor Ryan continues: “bank magicians use transference to charge paper into currency”. The money is charged much in the same way in which a sigil is charged.
Hence, voodoo economists are in good company; although a small but significant faction of them are currently waging a covert currency war against their fellow voodoo economists, as well as against the bank magicians, who favor the anthill (ANT) over the “petrodollar-weapondollar coalition” (USD). For more information, read the works of Jonathan Nitzan.
What all this means is that it is our dedication to refraining from questioning the value of our money, and the validity of our government’s public debt, which gives our currency much of its value. It is our suspension of belief which exalts our money to such heights. But, be assured, dead moneys cannot reign.

What do the smallest denomination of rai stone, a cross, and the Hand of God have in common? You can string all of them onto a necklace. But nobody cries when you do it to some rai. Remember: “Don’t cry; scry!”
Thus, the Punched Hand (or wrist) is, by all indicators, the best form of currency, but also, with its fingerprints, it can easily suffice as a form of INDENTification. Fingerprinting only makes human hands a more viable currency, due to its identifiability. A fingerprint is like a serial number, printed with a communion wafer printing press onto a slab of human dough; the Bread of Life, Sacred Manna from Heaven. It’s Time to Make the Donuts.
Even without fingerprinting, the early 2000s government of Afghanistan managed to run successful elections. They did this by taking the fingers of people who had already voted, and dyeing them with ink, and making sure nobody votes who already has ink on their hands. How nice it would be if we could use this idea to ban people with blood on their hands from participating in the democratic process!
So there you have it: The Hol(e)y Human Hand – the Hand of God – is like a bagel in its completeness, its roundness. It is a perfect currency; the Hand does not even have to be transported in order to serve as a useful currency, nor does it need to be separated from the body for the same purpose, nor must it be moved (and removed) in order to denote that its ownership has changed. Remember, idle hands are the Devil’s playground.
But to see the Light through the Lens of the Eternal Bagel – and to understand the artistic concept of negative space – will teach us that without the (w)hole, we are hollow and incomplete, yet complete in our incompletion. Can we be whole without the hole? Only by holding together our Hands, and our Money (which are one and the same), may we answer these questions. After all, without holes in our hands, how are we to be bound together? How are we to be strung up?
This currency – the Hand (or even the Finger) – is the Sigil which we must charge. It is the sigil which we must read in order to fully understand (that is, stand-under) the charges.

In 1948, Mahatma Gandhi wrote, “I will give you a talisman. Whenever you are in doubt, or when the self becomes too much with you, apply the following test. Recall the face of the poorest and the weakest man whom you may have seen, and ask yourself, if the step you contemplate is going to be of any use to him. Will he gain anything by it? Will it restore him to a control over his own life and destiny? In other words, will it lead to swaraj (freedom) for the hungry and spiritually starving millions? Then you will find your doubts and your self melt away.” This is the test we must apply when choosing a currency.
To be required to work in exchange for our needs, eludes the truth; that in order to work comfortably, our needs must first be satisfied. The hole in our hands is the key; just like the Afghan election, to get what we need, all we should have to do is show our hand. Why, nearly all of us recognize the meaning – the value – of a Hand, or a Fist, held high. So, too, the Finger. It says “I AM A MAN”. …Or “Fuck you”. Same thing.
This is the Shibbolethic Talisman which was foretold in the ancient scriptures (i.e., articles 1 through 4). As I’ve explained, currency is, necessarily, a talisman, or fetish (magickal object). For a currency to additionally serve as a shibboleth is to use that currency, and to set the societal rules of the marketplace around it, in such a way as to cause its usage to create and cast a distinction between those who know the Hand not, and still worship dead money, versus those who recognize the Hand, and its meaning; its monetary and spiritual value.

I’ll take Gandhi’s advice.
Years ago in Nashville, I met a man who was selling newspapers about homelessness. He asked me for a donation, in order to, in his words, “relieve the stigmata of homelessness”. He meant to say “stigma”, but his choice of words reveals all.
The big questions in all of this are: With what will you fill such an outstretched, truly empty, punched hand? Will you be as a Doubting Thomas, and insert a pole, in order to transport and trade the unit of currency?
Most importantly: What do we have to offer one another, if all any of us has is our own outstretched empty hand?

I have no gift to bring, pa-rum-pa-pum-pum




Written and Published on October 15th, 2017

Monday, October 10, 2011

The Pay-Gap Tax

The Accelerated Graduated Income Ratio Tax Act of 2013 (A.G.I.R.T.A.)


The Accelerated Graduated Income Ratio Tax (A.G.I.R.T.; a/k/a "the Pay-Gap Tax") taxes individuals’ personal income in proportion to the salary of the highest-paid employee of a company divided by the annual income of the average employee of the same company. The tax also takes into account government spending divided by gross domestic product, as well as the average C.E.O.-to-average-worker pay gap in the country.
      Implemented properly, the Pay-Gap Tax replaces the entire tax code of any given government of which it becomes law. The Pay-Gap Tax does not permit deficit spending (if and when administered in conjunction with a Balanced Budget Amendment and / or a Cut, Cap, and Balance law).
      The Pay-Gap Tax has no bracket system, nor exemptions; it is a simple mathematical formula that applies to everyone, and it can be explained through a simple step-by-step process which can be performed on an internet search engine calculator.


How One’s Taxes Are Calculated





How One’s Taxes Are Calculated

      The taxpayer takes the following steps to determine how much he pays in taxes. First, he divides the salary of the highest-paid employee of the company which employs him by the average annual income of the employees of that company. Second, he applies that figure as the degree of the root of the annual government spending as a fraction of the gross domestic product (this figure is provided by the government). Third, he takes the inverse of this result (meaning that he divides 1 by the result). Fourth, he multiplies the result of this calculation to the power of the average C.E.O.-to-average-worker pay-gap ratio (another figure which would be provided by the government).
      While the Pay-Gap Tax - in conjunction with any type of properly-enforced balanced-budget rule - would never permit deficit spending, it ignores the debt that governments already have. So that the Pay-Gap Tax properly serves governments which have accumulated debt, I would recommend that the result of the formula described above be simply multiplied by some fixed or variable amount. This number would take into account how quickly the government would find it appropriate to pay off its debt, as well as the rate of economic growth and the rate of the increase in government spending.



An Example of How the Tax Would Be Applied

      As an example, under this plan, the C.E.O. of Viacom (who - as the highest-paid C.E.O. in the United States - earns over $85 million a year, which is about 1200 times as much as his average employee) would pay about 70% of his taxes to the federal, state, and local governments (combined) which have jurisdiction over his residency or workplace. After taxes, he would take home more than $25 million a year, which he would be able to spend, save, and re-invest.
      Meanwhile, employees of Viacom earning less than the average worker in that company, all other U.S. workers earning less than the pay of their average co-worker, and all workers in egalitarian-pay workplaces (including managers) would pay nothing in taxes. Non-taxpaying workers would continue to comprise a solid basis for the creation of wealth (without which high-paid C.E.O.s would not exist), while reaping their fair share of the benefits of adequately-funded government.



Purposes and Effects

      The Pay-Gap Tax strikes at the root of the disproportionate exploitation of labor by management (such disproportionate exploitation being that which gives capitalism and the free market negative connotations). It solves the utilitarian dilemma of the increase of marginal returns by imposing a tax that diminishes marginal return (simply, by creating a disincentive) for each decision by a business manager to increase profitability for himself and his other relatively well-paid cohorts at the expense of workers.
      The Pay-Gap Tax catalyzes socioeconomic mobility because its graduation rate accelerates (rather than decelerating or stagnating), meaning that there are no barriers preventing the middle-class or the lower upper-class from earning more wealth (as long as that wealth is not earned through the disproportionate exploitation of labor.
      The Pay-Gap Tax – while not being overtly redistributive – effectively redistributes the wealth for management by governments (and by citizens participating in their government processes), that wealth being distributed to citizens in the form of the provision of government services.
      The Pay-Gap Tax is based on levels of governments’ projected spending rather than on their actual budgets, making huge deficits and the indebting of citizens en masse things of the past.



Refutation of Anticipated Criticism

      The proposition of the Pay-Gap Tax will likely draw criticism from Green Party supporters, socialists, and populist and progressive Democrats who would like to see an increase in the outright tax on income, such as the 90% federal tax rate on personal incomes which were levied from the late 1930s until the early 1960s.
      Against such criticism, I would argue that the general earning of wealth through the reasonable exploitation of labor does not negatively impact socioeconomic mobility in any manner similar to the manner in which does the disparity of wealth and pay within whatever given business; that is, to the earning of wealth at the expense of vulnerable individuals who need employment and have no ability to significantly affect the decisions made in their employing companies' payroll departments.
      The proposition of Pay-Gap Tax will likely draw criticism from libertarians and Tea-Party conservatives who oppose the 16th Amendment and its legalization of unapportioned federal taxes.
      Against such criticism, I would argue that unless one advocates abolition of each of the five types of taxes currently collected from the public by the I.R.S. (the personal income tax, employment taxes, the corporate income tax, excise taxes, and transfer taxes such as the gift tax and the estate tax [also referred to as the inheritance tax or the death tax] ) – none of which are apportioned according to population - then one has no basis from which to judge any tax as relying upon the constitutionality of the 16th Amendment.
      In addition to these five types, I would describe as unapportioned - and therefore, in violation of a strict construction of the Constitution - all four of the following proposed methods of collecting federal government revenue: the FairTax on incomes, the Flat Tax on incomes, the National Sales Tax (also known as the Value-Added Tax, or V.A.T.), and the idea of user fees for government services (which is not a tax policy, but a taxless source of government revenue). I also believe that taxes on real and personal property should not be regarded as direct or apportioned.
      There are only two possible tax policies which I believe would satisfy the conditions necessary to be described as truly direct. The first policy is capitation, which I feel would only be acceptable as a direct tax if each person were charged exactly the same amount.  But being that some people have no money, that other people are in debt, and that many people would like to see their government behave as a charity organization which provides services for those who cannot afford them but promise loyalty to government in exchange for some benefit, it would be impossible to impose an equal capitation on everybody. That is, unless that capitation were zero and all government services were provided through volunteer means.



      This brings me to the second possible direct tax policy, which is no taxation at all. I feel that the prospect of administering all government services through volunteer means is a far-off notion, and that it would only be possible if and when the sphere of the provision of services by government were significantly reduced, decentralized, and personalized, and if and when governments become required to compete fairly with private enterprises providing similar services in a free market.
      Therefore, I believe that until that day comes, libertarians who care about balanced budgets and the fiscal solvency of government even one bit more than they value a strict constructionist interpretation of the Constitution should seriously reconsider the validity of the purpose of the 16th Amendment.
      As it can be argued that the 16th Amendment was never properly ratified, I contend that - as one of many necessary means to ensure that Pay-Gap Tax would be constitutional - the 16th Amendment should be deemed unconstitutional by the U.S. Supreme Court, and that the Congress should propose and properly ratify the exact text of the amendment. This would provide that the collection of federal tax revenue according to income in a manner that is not apportioned according to Census results be indisputably constitutional, and it would (while – unfortunately – also legitimizing the eleven indirect methods of collecting federal revenue which I previously outlined) help to legitimize and defend the proposed Pay-Gap Tax.
      So that the Pay-Gap Tax may be best defended, it will help to revisit and rethink our philosophy of government; with regard to its role in economics in particular. We will leave aside the most important principles of a government that embraces liberty, given the complexity of the details of when and how the institution of government is legitimate in the first place (suffice it to say that it involves voluntary participation, the ability to revoke consent, and consistency with the traditions of common contract law).
      Second to these principles, the next most important principle of a government which embraces liberty is the localistic principle. That being said, I regard municipal public planning departments – when and if they are instituted legitimately – as the basic units of government. A public planning department decides who and what exist inside the territory which is deemed to be subject to its jurisdiction, and it decides when, whether, and under what conditions people and businesses existing in that territory but not wishing to contribute to their neighbors continue to live in the community and to reap the benefits of its protection.
      What I am asserting is that public planning departments are private mutual insurance-and-protection corporations which have the right to discriminate against individuals and businesses which would like to use their services.



      As such - being that it would be ridiculous for a business to set up shop in the middle of a desolate, abandoned field which is miles away from public services such as roads, due to the fact that businesses prosper best when they are conveniently located within reasonable distances of areas occupied by concentrated populations of people – if a business would like to begin operation within the boundaries of a territory over which jurisdiction is claimed by some public planning department, not only does the public planning department have the right to negotiate with the business about the conditions under which it may operate within the territory, but – additionally – the public planning department has the final say on the matter, even if that say is that the business may not operate within the territory.
      The result of affecting these principles in conjunction with the proposed Pay-Gap Tax would be that businesses intent on maximizing profit, marketing effectively, and staffing their operations fully would be willing to accept the conditions imposed by the public planning departments exercising jurisdiction over the territories in which such businesses would seek to operate. I believe that to adopt this philosophy of government would be sufficient to defend the A.G.I.R.T. Act, both in general and – especially – as conducive to the free market.
      In the event that C.E.O.s, highly-paid members of corporate boards, and individuals earning more than the pay of their average co-workers begin to relocate their residences and their places of business to desolate, abandoned fields – and to pay exorbitant amounts to have private, non-subsidized, extra-governmental services such as water, liquid and solid waste disposal, fire protection, and protection and security provision – installed in their homes and / or delivered to themselves and their businesses – A.G.I.R.T.A. may have to be amended to require that the taxes be levied according to where income is earned rather than where the individual earning the income resides.
      Another flaw of the Pay-Gap Tax is that it would give governments a simple tool to raise taxes to unjustifiable levels and / or to pay off the debt too rapidly; it could be derided as a so-called "tax pipeline". I would argue that I believe this impulse would be controlled by the political process, but only to the extent to which the public would be aware of the necessity of reviving the economy in a manner that allows a deliberate consideration of the needs of both the stability in economic growth and the timeliness of debt service.



Ensuring Effectiveness

      In order to ensure the maximum effectiveness of A.G.I.R.T.A., citizens should elect representatives who promise to vote to support the S.E.C. Transparency Act of 2010 (H.R. 5970) – which would repeal the amendments made by section 929I of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the confidentiality of materials submitted to the Securities and Exchange Commission.
      For the same reason, citizens should also elect representatives who promise to vote to ensure that section 953(b) of Dodd-Frank – which requires the Securities and Exchange Commission to adopt rules mandating the disclosure of the median of the annual total compensation of all employees and the ratio of C.E.O. compensation to median employee compensation – remains law.





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