Ain't loyalty, patriotism and loving one's neighbor wonderful!     All of
these middle eastern citizens of the "big three faiths"  make the specious
claim today to pay all of the taxes when they all claim Jesus as a model
whether Messiah, Prophet or just member.    Jesus told the wealthy banker
that he didn't pay as much as the widow who gave two pennies because it was
relative.     Whether the Faux Indian Romney or the Faux Abanacki Tea Party,
they still ignore the economics of Jesus as well as the concept of economic
power through giving of the real Indians.   But Jesus wasn't the only one to
speak this way.    Isaiah spoke of a house of prayer for all people's and
Elijah let the priest of Baal know what he thought of people who abandoned
their principles for convenient purposes.      

 

Do the current protagonists believe we can't read their books?    It reminds
of that famous story of Haudenosaunee Chief Red Jacket who could read and
was given a bible by a Christian Minister and a sermon to convert Red
Jacket's people.     Red Jacket politely listened and then told the minister
he was impressed with his book and his Savior.    He also told him that what
mattered was what kind of people the book created by believing in it.
What kind of students they were of their Master.    What kind of manual for
behavior it was for it's own people.        Red Jacket said they would wait
awhile and see how the Christian population got along with and treated the
Indian population.     Red Jacket stuck out his hand to shake in agreement
and the minister called him a devil and walked out knowing that he was going
to have to eradicate them to get what he wanted.   

 

Now I hear these killer assumptions coming from these economic " moral"
systems and they make me want throw up. 

 

How is it that  I'm more loyal to this list than any of these current
"captains of finance" are to their nation or the nation that took them in.
If they have a tradition with their faith and nationality they seem to
ignore it's principles.    They give up the classic culture and ideals of
their ancestors in favor of junk and refuse to dance and sing with the
quality of their traditions.    

 

To compare the robber barons of the late 19th century, and men like J. P.
Morgan, who saved the nation twice, to today's venal products of simple self
interest, is both historically specious and  simple minded.     One could
say that the banks once saved the American treasury while today they believe
that they should be free to do anything and have the American treasury save
them.    Why are they too big to fail but the American people are not?   

 

The Robber Barons used their money bluntly and in a warlike fashion but they
"used" it.    J.P. Moran had less than a million dollars on his death
because he worked in the system and used his capital.    The same with
Andrew Carnegie and Henry Higginson who founded the capital traditions that
Bill and Melinda Gates now follows.     They were not "nice" people but they
did believe in significance and leaving an American legacy for all Americans
as do the Gates and their Foundation.   Most of all they believed and
believe in America and American culture.     The life of J.P. Morgan is not
simpatico with Alice Rosenbaum.    Rosenbaum's Roark could only make it in
Architecture since it has to be well funded before it can even begin.    But
Higginson founded the Boston Symphony and funded huge parts of the American
University system.    Carnegie did everything as did the Pulitzers.    

 

The distance between today's wealthy and the poverty has to do with the
wealthy abandoning their responsibilities in favor of simple hoarding. 

 

REH

 

From: [email protected]
[mailto:[email protected]] On Behalf Of Arthur Cordell
Sent: Saturday, August 18, 2012 10:07 AM
To: 'Keith Hudson'; 'RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION'; 'D
& N'
Subject: Re: [Futurework] Arthur's 5th belief

 

Offshore banking starves governments of revenues that otherwise go
unreported.  It was odd but in my glimpse of Cayman customs I saw that some
North Americans have a Cayman account and based on the interest or other
earnings on the account are able to go on holiday in the Caymans drawing on
their Cayman account.  Thus they are able to "spend" that money without
having to bring it back to their home country.  

 

To the extent that offshore banking grows then government revenues are not
as high as they otherwise might be.  

 

Arthur

 

 

From: [email protected]
[mailto:[email protected]] On Behalf Of Keith Hudson
Sent: Saturday, August 18, 2012 12:54 AM
To: RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION; D & N
Subject: Re: [Futurework] Arthur's 5th belief

 

At 22:53 17/08/2012, Natalia wrote:
snip---> 

The New York Times reports there's more money in the banks of the Cayman
Islands than in all the banks of New York City combined. What's it all doing
there? Avoiding taxes for one. But perhaps even more seriously, offshore
banking starves the world's economy of cash at a time when it could really
use a few extra bucks. 


(KH) There's hardly any money in its true sense (a consumer commodity) in
the Cayman Islands at all. There are only electronic representations, of
which every last digit has a physical counterpart sitting on the ground
somewhere in the world or flying in the air or floating on the sea. Every
last square inch of these items that are visible to the public (and owe
their value to the public) is taxable.

Offshore banking itself doesn't starve anybody. What starves us are onshore
banks which are given special privileges by governments and which ought,
when necessary, to be forced into bankrupt like every other business.
Instead, they are propped up by the taxpayer by quantitative easing and
other dodgy devices. If they weren't propped up, then every single
unproductive, overvalued collateral would quickly find its true market price
and productiveness.

Keith



Keith Hudson, Saltford, England http://allisstatus.wordpress.com
<http://allisstatus.wordpress.com/> 
  

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