imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Calendar Publish RSS
Features
latest news
best of news
syndication
commentary


KILLRADIO

VozMob

ABCF LA

A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List

LAAMN List




IMC Network:

Original Cities

www.indymedia.org africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech

Surviving Cities

www.indymedia.org africa: canada: quebec east asia: japan europe: athens barcelona belgium bristol brussels cyprus germany grenoble ireland istanbul lille linksunten nantes netherlands norway portugal united kingdom latin america: argentina cmi brasil rosario oceania: aotearoa united states: austin big muddy binghamton boston chicago columbus la michigan nyc portland rochester saint louis san diego san francisco bay area santa cruz, ca tennessee urbana-champaign worcester west asia: palestine process: fbi/legal updates process & imc docs projects: radio satellite tv
printable version - js reader version - view hidden posts - tags and related articles

Tax and Spend Liberalism versus Hyper-Inflation

by Brent Herbert Sunday, Nov. 30, 2008 at 5:38 PM

Indirect Taxation of packrats

It has been my decision to intervene in the currently unfolding crisis situation in the hopes of helping to manage the crisis and avert a disaster, for it is true that disasters are not inevitable and can be averted for such disasters involve making choices and people have disasters when they choose to do so or, to put it better, when they become reckless and start down a ruinous path. Someone might say, ‘who the hell are you that you would attempt to intervene in a crisis,' and my reply would be that I am someone who does not wish to join you people on some toboggan ride down some slippery slope. However since I am also stuck as a passenger on that sleigh ride if you go down the slope that means that I am going with you, and since I am determined not to make the trip, that means that you people might find me sticking pins into your ass. The way I see it is that at the very least I can make sure that no one is sitting down but rather that everyone rides the toboggan standing up because they have pins stuck in their arses.


Taxes I do not wish to back our politicians into some corner from which they cannot escape or they may become very reckless. After having stuck some pins into the arse end of our politicians it seemed good to me that they could then spend time standing up rubbing their sore back sides. However enough of that. Now I think it is time to have a reasonable discussion about taxes as opposed to deficit spending.

The capitalist economic system causes people to live their lives in a constant state of anxiety and the only people who can ever free themselves from chronic fear are those who successfully become pack rats and make themselves a pillowy cushion and a feathered nest. Once people have feathered that nest and stuffed a cushion they can sit on to ride out any storms, naturally they become ferocious little pack rats, which creates problems for politicians when politicians find themselves in a crisis situation where they need to raise money to stimulate the economy. Such pack rats do not feel the need for any stimulation for they have enough stashed away to ride out any great depression, or so they might think, and therefore these type of people are usually the most ruthlessly laissez faire in the attitudes towards managing the economy. Just let it go bankrupt they cry out. Let the natural business cycle take its course.

Of course such people can do quite well during a great depression, while everyone else is going through absolute hell. My great grandfather was one such frightened pack rat and was a successful farmer who never spent a dime but rather constantly pack ratted away dimes, nickels and even pennies so he could be prepared to ride out the next disaster. You see, people know that capitalist economic system and so the very nervous and prudent sorts are found devoting their entire lives to first pack ratting money and then spending even more of their energy furiously guarding their pack ratted pile. My great grandfather had the opportunity to become a very wealthy real estate magnate during the great depression when entire swaths of the downtown business core were up for sale the price of a song, and could still find no buyers, but the pack rattery instinct prevented him from making the deal and becoming fabulously wealthy when the great depression ended and the price of real estate in the downtown core sky rocketed.

Out politicians are in a bad spot because they need money to stimulate the economy and they are confronting some of these really ugly characters, the furious pack rats of capitalism, who right now have all of the liquidity of the world hidden under floor boards and stuffed inside of mattresses as they follow a ruinous policy of driving the rest of the planet over the edge of a precipice, while dressing up that reckless conduct as a moral crusade to prevent the thievery of a pack rats private owned pillow cushion.

Now one thing that such pack rats should be concerned about, as our politicians go about borrowing huge and fantastic sums of money, and then find themselves required to run the printing presses to get even more money, is that under capitalism, this policy can eventually lead to hyper-inflation. Hyper- inflation has certain advantages in that it wipes out those monster debts. It also wipes out pack rats, for while those pack rats thought they were saving every dime, nickel, and penny in their packratted pile, it turns out that what they were actually doing was wiping themselves out, for at the end of it all, those jealous, furious packrats pursued a policy of giving the capitalist economic system no choice but to completely wipe out and destroy the pack rat population in order to save the overall system.

Someone should explain these things to the packrats of the world, and should it be neccesary to bring in hyper-inflation later to destroy the packrats and save the overall system, because those reckless clueless furious fulminating packrats refused to pay taxes, then I say so be it. I know capitalism. If worse comes to worse and the chips are down, capitalism will destroy those packrats. Its happened before, and when the chips are down it will happen again. Someone should make that clear to those laissez faire packrats before it becomes necessary to once again destroy those ruinous packrats of capitalism by bringing in some more of that hyper-inflation, which seems to be the direction we are heading right now.

Hyper-inflation is just an indirect method of taxing laissez faire packrats and then changing them over to the policy of liberal welfarism in one hell of big hurry, which is what happens. We can see something like this happening right now in Iceland, although in a more controlled manner as it does not yet cost one million dollars to buy a loaf of bread in Iceland, and might only cost about ten dollars right now.

I also believe that it is ruinously reckless to put a bullet into the auto industry, and refuse a miserly 25 billion dollar bailout, since this will set off a cascading sequence of falling dominoes, and would wipe out any supposed job gains coming from that Obama plan. According to some estimates the deflationary spiral could even wipe out as many as 15 million jobs, and a bankruptcy declaration might even have the effect of setting off another one of those unpredictable global tsunamis, which we don't need right now.


Report this post as:

Local News

GUIDE TO REBEL CITY LOS ANGELES AVAILABLE A12 5:39PM

lausd whistle blower A10 11:58PM

Website Upgrade A10 3:02AM

Help KCET and UCLA identify 60s-70s Chicano images A04 1:02PM

UCLA Luskin: Casting Youth Justice in a Different Light A02 11:58AM

Change Links April 2018 A01 11:27AM

Nuclear Shutdown News March 2018 M31 6:57PM

Join The Protest Rally in Glendale on April 10, 2018! M29 7:00PM

Join The Protest Rally in Glendale on April 10, 2018! M29 6:38PM

Spring 2018 National Immigrant Solidarity Network News Alert! M19 2:02PM

Anti-Eviction Mapping Project Shows Shocking Eviction Trends in L.A. M16 5:40PM

Steve Mnuchin video at UCLA released M15 12:34AM

Actress and Philanthropist Tanna Frederick Hosts Project Save Our Surf Beach Clean Ups M06 12:10PM

After Being Told He's 'Full of Sh*t' at School Event, Mnuchin Demands UCLA Suppress Video M02 11:44AM

Resolution of the Rent Strike in Boyle Heights M01 6:28PM

What Big Brother Knows About You and What You Can Do About It M01 3:30PM

Step Up As LAPD Chief Charlie Beck Steps Down F14 2:44PM

Our House Grief Support Center Hosts 9th Annual Run For Hope, April 29 F13 12:51PM

Don’t let this LA County Probation Department overhaul proposal sit on the shelf F13 11:04AM

Echo Park Residents Sue LA Over Controversial Development F12 8:51AM

Former Signal Hill police officer pleads guilty in road-rage incident in Irvine F09 10:25PM

Calif. Police Accused of 'Collusion' With Neo-Nazis After Release of Court Documents F09 7:14PM

Center for the Study of Political Graphics exhibit on Police Abuse posters F07 9:50AM

City Agrees to Settle Lawsuit Claiming Pasadena Police Officer Had His Sister Falsely Arre F04 3:17PM

Professor's Study Highlights Health Risks of Urban Oil Drilling F04 12:42PM

Claims paid involving Pasadena Police Department 2014 to present F04 10:52AM

Pasadenans - get your license plate reader records from police F03 11:11PM

LA Times Homicide Report F03 1:57PM

More Local News...

Other/Breaking News

Doxa du lobby A25 2:03AM

Tech workers organize A24 6:24PM

Architect Stephen Francis Jones A24 3:01PM

UN Forum Wrestles with Economic Policies 10 Years After Financial Crisis Islands Call for A24 12:34PM

Xyloglossie attitudinale A23 8:07AM

Shadowgun Legends Hack and Cheats A23 7:24AM

What does the Quran Say About Islamic Dress?? A21 4:15PM

Biodiversité ou la nature privatisée A20 11:22AM

The Market is a Universal Totalitarian Religion A20 7:14AM

Book Available about Hispanics and US Civil War by National Park Service A19 5:52PM

The Shortwave Report 04/20/18 Listen Globally! A19 4:01PM

The Republican 'Prolife' Party Is the Party of War, Execution, and Bear Cub Murder A19 11:48AM

Neurogenèse involutive A18 9:21AM

Paraphysique de la dictature étatique A16 10:13AM

Book Review: "The New Bonapartists" A16 3:45AM

The West Must Take the First Steps to Russia A14 12:25PM

Théorie générale de la révolution ou hommage à feu Mikhaïl Bakounine A14 3:30AM

The Shortwave Report 04/13/18 Listen Globally! A12 3:50PM

“Lost in a Dream” Singing Competition Winner to Be Chosen on April 15 for ,000 Prize! A12 3:48PM

The World Dependent on Central Banks A12 4:43AM

Ohio Governor Race: Dennis Kucinich & Richard Cordray Run Against Mike DeWine A11 9:40PM

March 2018 Honduras Coup Again Update A10 10:52PM

Apologie du zadisme insurrectionnel A10 3:33PM

ICE contract with license plate reader company A10 1:14PM

Palimpseste sisyphéen A09 11:23PM

Black Portraiture(S) IV: The Color of Silence...Cuba No...Cambridge Yes A09 5:32AM

Prohibiting Micro-Second Betting on the Exchanges A09 4:18AM

Prosecutors treat Muslims harsher than non-Muslims for the same crimes A08 10:33PM

More Breaking News...
© 2000-2018 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy