"William Mook" <
mokme...@gmail.com> wrote in message
news:8577ed88-d27b-4f6e...@u10g2000prl.googlegroups.com...
> Mario Savio
>
http://www.youtube.com/watch?NR=1&v=jHJLMU9Wptw
>
> Unless you're free - the machine will be prevented from working at
> all!
>
> One answer is to tax the 1% at 1%.
>
> If an agrarian society taxes land, and
> an industrial society taxes production, and
> a retail society taxes sales and income
>
> What does a knowledge society tax?
>
> ??????????
>
>
> Nobel Laureat James Tobin says you tax stock and currency
> transactions.
For the bulk of traders, profits are already
taxed as income. And most people lose
money trading.
>
> Consider that last year the USA provided on its lands, in its
> factories, offices and retail shops, $14.12 trillion in wealth.
>
> Consider now that last year the USA in its stock markets traded $3.3
> QUADRILLION in wealth.
Concerning the amount of money changing hands, Mr Laureate
doesn't seem to understand that most traders trade the
same money over and over again. For instance, I just
looked it up, and my stock trading kitty has been traded
73 times in the last six months.
If you multiplied my little kitty by 73 it might
seem to be a great big number too. But it only
seems that way.
>
> If we taxed 1% at 1% - we would raise $33 trillion per year. This
> would allow us to zero out all other taxes, pay off the national debt
> in one year, and have $16 trillion left over.
I'm hoping an end to wars means the govt can focus on
cleaning up corruption with better oversight. Which can
translate to better and more sustainable growth.
And growth being the way to reduce the deficit and debt.
.
>
> Can Wall Street afford such a tax?
>
> Yes! Today according to literature from major brokerage firms, the
> transaction costs associated with trading stock amount to 4%.
Well, think about that. Most trading fees are from around $5 to $10
per trade. If $10 is 4% of my transaction, then the trade was
dealing with a transaction size of $250. Or 26 shares of Etrade stock.
Not exactly an institutional or hedge fund scale transaction.
More like some jr.high school kid fooling around with his or her
smart phone.
You're talking about taxing the very people that deserve it
the least.
>
> According to recent insurance company findings and recent court cases,
> stock traders are defrauded out of 0.8% of each transaction through
> various means like look-back trading (the type Hillary Clinton got
> rich on when dealing with Tyson) and other similar schemes.
>
> So, yes Wall Street can afford it.
Wall Street is part of the problem.
Taxing it to death doesn't fix it.
Wall Street needs to be made to follow
the straight and narrow.
>
> So, that's one thing we can do.
>
I believe the core of the world wide depression
is corrupt economic practices that a lack of oversight
and regulation has allowed. And I also believe the
current global depression has it's roots right
here in my home town of Miami.
And I think the story goes something like this....
In South Florida, the issue of the Everglades
restoration project came to a head, and it became
a perception that land would soon become scarce
in an already booming housing market.
People starting flipping mortgages down here
like they were trading stocks, never even moving in
and coming up with all kinds of screwy mortgages.
Housing prices spiraled and the corrupt practices spread
to the entire US mortgage industry. When that
bubble burst it took the stock market with it
in the largest crash ever. Our recession spread
into a world-wide depression, with one shoe
dropping after another overseas.
A crash so big we're only just now digging out.
It didn't have to happen.
Why did that problem cascade like that?
The so-called butterfly effect in real life!
The sign of a system stressed to it's tipping point.
Change is happening faster than can be absorbed.
Non-linear effects wax and wane, sending widely
different scales crashing against each other and
back again. A rumor here, and a trade there
and some nation goes bankrupt overnight.
All are clear signs of things to come.
In my hobby of Complexity Science the idea
is to look at how some system ...responds to
a disturbance. As a means of understanding
what's going on inside the system.
In particular to look for the butterfly effect
as the sign of approaching a system wide
transition point.
Change isn't linear or gradual, or the sum
total of a large number of small events.
Change in evolving systems actually take the form
of countless minor events, combined with the
rare Big One. Like an avalanche, an earthquake, or
intelligence suddenly evolving.
The 'Big Steps' appear suddenly, and cannot be exactly
predicted in advance. And they dramatically change
all that follows, making predicting the future just as futile.
However, when the so-called butterfly effect is seen, there's
something thing you can be certain of, that we're very near
one of those "Big Ones".
In the jargon, the sudden expansion into the
adjacent possible. For instance, animal life
might fully explore every niche of some
ecosystem, so that it's supporting all the life
it can sustain. Then along comes intelligence
and suddenly that very same ecosystem can
support orders of magnitude more life.
Intelligence creates new possibility space
that is wide open for sudden expansion.
A new dimension so to speak. The next
great evolutionary step. One niche leaps
into the next one, not walks
.
Huge steps, not gradual evolution.
Seeing the butterfly effect shows a big step
is approaching. We can no more predict what
that step will be than an animal could predict the
evolution of intelligence. It's futile to try to predict
emergent change in detail. Or what will happen
after the transition more than you can predict
the landscape after an earthquake.
Even though we can theoretically have no idea
what fate awaits humanity. We can say with
complete certainty two things.
The big change is coming soon, and it'll be
magnificent!
> The other is to reign in military spending.
>
> Emperor of the World
You'd rather trust the fate of the free world
to the UN? Or the EU? Or China?
None of them could gives a rat's ass if some dictator
comes along and slaughters half their people.
The UN gives them a seat at the table, while the EU
pays them to just go attack someone else.
The US can't police the entire world.
But the fact remains, without the US the
world would have no police at all.
The US won't have an military equal for
at least the next twenty years, or more.
Not even close. In the next five or ten years
the post 9/11 technological race will start
producing all kinds of new weapons.
People are gonna wake up one day and
see a global space-born attack system that
no one can hide from. Let alone see where
it came from. Things will just seem to explode.
And they'll wonder why no one said a thing
about it all these years.
All the turmoil with Iraq and the economy has
overshadowed a stunning leap in US military
technology and abilities since 9/11. While the
rest of the world has just been treading water.
The US has gone beyond just being the only
super power, to also being a generation ahead.
For instance.
http://www.afspc.af.mil/units/index.asp
>
http://www.youtube.com/watch?v=QcvjoWOwnn4
>
> Chalmers Johnson - Speaking Freely
>
http://www.youtube.com/watch?v=VPr_T7btVgA
>