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Cherenkov commented on the blog post Shale Gas Export Boom: Planned All Along?
This will be the biggest failure since Bush’s Iraq invasion. There will not be enough gas to export. Haven’t you seen the latest report on Chesapeake? Their CEO is getting busted. This is the largest fracker in the United States. The shale gas boom has been and always will be a financial play that cannot work without immense growth. And we ain’t going to have immense growth or even slow growth for any longer than it takes for oil prices to rise and price consumers out of the business of buying cheap Chinese crap. Peak oil my friends. Look it up.
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Cherenkov commented on the blog post Judge Halts Implementation of Anti-Union Law in Wisconsin
Everyone focuses on cutting spending because of right wing propaganda pounding home the ludicrous message that the rich “earned” their money and should therefore not be taxed heavily.
The problem is that money flows around a system which is in fact a closed system. In a system designed to enrich the few and pauperize the many, like ours, the money is systematically drained from the pockets of everyone except the rich. More and more money accumulates in their pockets. The idea that they then use that money to make jobs is PURE fantasy. No, the majority of the money is “invested” in the stock market casinos. This “investment” does not produce jobs. Venture capitalists and initial stock offerings fund startups, not buying and selling pieces of paper.
So, as the laws become increasingly favorable to the wealthy and as they give themselves increasingly lucrative tax-breaks, the money piles up in the pockets of the rich, further impoverishing the poor. That money is effectively out of circulation. So, if you cut more “government” by either giving the rich more tax breaks (more opportunity to hoover up the loose cash) or cutting services which would have resulted in money circulating through the hands of the non-rich, it all leads to more and more money being locked up the hands of the rich. This is a downward cycle.
Therefore, the answer is to unlock that money from the death grip of the rich and get it back into circulation. That means taxing the rich. A lot!!
Now, before you get all weepy-eyed and lamenting that these people have “earned” this money, be sure to ask for their time card. Who ACTUALLY earned this money? Thousands of people, if not tens of thousand of people who do actual work who then are TAXED by the rich through “PROFITS.” In other words, all profits are actually taxes levied without representation.
If we are going to tolerate leeches on society, we must insist that some mechanism exist that extricates money that has accumulated and become stuck in the smelly folds of the corpulent rich and return it into circulation deep into the economy. We will, of course, have to wash the money to remove the stench of its owners.
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Cherenkov commented on the blog post WI Attorney General Appeals Restraining Order Blocking Anti-Union Law
Everyone focuses on cutting spending because of right wing propaganda pounding home the ludicrous message that the rich “earned” their money and should therefore not be taxed heavily.
The problem is that money flows around a system which is in fact a closed system. In a system designed to enrich the few and pauperize the many, like ours, the money is systematically drained from the pockets of everyone except the rich. More and more money accumulates in their pockets. The idea that they then use that money to make jobs is PURE fantasy. No, the majority of the money is “invested” in the stock market casinos. This “investment” does not produce jobs. Venture capitalists and initial stock offerings fund startups, not buying and selling pieces of paper.
So, as the laws become increasingly favorable to the wealthy and as they give themselves increasingly lucrative tax-breaks, the money piles up in the pockets of the rich, further impoverishing the poor. That money is effectively out of circulation. So, if you cut more “government” by either giving the rich more tax breaks (more opportunity to hoover up the loose cash) or cutting services which would have resulted in money circulating through the hands of the non-rich, it all leads to more and more money being locked up the hands of the rich. This is a downward cycle.
Therefore, the answer is to unlock that money from the death grip of the rich and get it back into circulation. That means taxing the rich. A lot!!
Now, before you get all weepy-eyed and lamenting that these people have “earned” this money, be sure to ask for their time card. Who ACTUALLY earned this money? Thousands of people, if not tens of thousand of people who do actual work who then are TAXED by the rich through “PROFITS.” In other words, all profits are actually taxes levied without representation.
If we are going to tolerate leeches on society, we must insist that some mechanism exist that extricates money that has accumulated and become stuck in the smelly folds of the corpulent rich and return it into circulation deep into the economy. We will, of course, have to wash the money to remove the stench of its owners.
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Cherenkov commented on the diary post How Many Suicides Will There Be? by dakine01.
Everyone focuses on cutting spending because of right wing propaganda pounding home the ludicrous message that the rich “earned” their money and should therefore not be taxed heavily. The problem is that money flows around a system which is in fact a closed system. In a system designed to enrich the few and pauperize the [...]


