This would require a nationwide general strike to show the people are serious. Most people are not serious about anything beyond TV, social media, and more personal debt.
This would require a nationwide general strike to show the people are serious. Most people are not serious about anything beyond TV, social media, and more personal debt.
Sounds good.
>And restore the not direct election of Senators. Then remove federal personal income tax. For icing on the cake, shut down the 3rd central bank known as 'Federal Reserve'.
I’m curious to know how any of these policies would be beneficial.
Really started going downhill in 1913 with creation of third central bank of the U.S. and addition of personal income tax.
That’s really not true. Never mind the involvement of the French, the current constitution is the result of the miserable failure of the articles of confederation, which was arguably closer sentiments that drove the revolution. Whether or not the constitution as it exists today reflects the principles that kicked off the revolution was hotly debated by the men that actually fought that revolution.
Regardless of the historical claim, I’m fairly skeptical of the idea that what the founding fathers wanted is inherently the best. Yes, it was better than the British monarchy, but that’s a low bar. I’d hope that we can achieve something as a society that’s better than what a bunch of slave holders thought was a neat idea.
1. Up until 1913 the Senators were elected by the Representatives. In 1910 the law changed for Representatives to be per 30,000 population, to be static count of Reps. There is now is now 750,000 people per Representative. Because a Representative can not possibly talk to all 750,000, they can not represent them. The supply of their time is limited and that pushes up the supply/demand curve. They lobby for donors and only talk to the richest of the set.
If there were 131 Representatives in CA and only they could vote in Senators, the Senators would be beholden to them, and would be required to act on the average behalf. As the distribution is currently to large, this does not happen, and the poorer of the population are ignored and harmed.
2. The only tax that is non-distortionary is a Land Value Tax. All other taxes create distortions and should be eliminted. A Land Value Tax, if implemented, would be sufficient to handle all government spending. The only other tax that should be able to be implemented are Pigovian taxes on negative externalities.
3. The core mandate that the Federal Reserve handles is the management of the money supply. Austrian economic principles state that this is a waste of time, and you can do the same job, perfectly, and with less economic cycles and harm caused, by simply mandating a static monetary velocity.
So you can see in both the Taxes and the Federal Reserve example you can work out the exact algorithmic rule that should always be applied, and remove the need for individuals within the government from mucking up the system with their corruptions.
1) federal Senators were usually appointed by State legislature and were regularly recalled by States and fired when they voted against the State's interests at the federal level.
2) a consumption tax, excluding uncooked food, might be reasonable. Higher tariffs and import duties can work, and tends to reduce offshoring for the purpose of polluting 'over there'.
3) surprisingly something better than gold and silver was invented in 2008 and appeared in 2009. Bitcoin fixes this.
Here's some background on the arguments for and against. It's got some partisan hyperbole so try to ignore all that.
https://www.theusconstitution.org/news/the-17th-amendment-un...
as long as the media & its corporate advertisers can keep congress and the white house more or less evenly balanced between GOP and Dem over the long term, the people will never catch on that congress is bought and paid for...and 'throwing the bums out' has not worked yet...so it will not likely work in the future...
i don't see how any action by the people is going to effect any positive long term change...all we can do is wait for a collapse of the US dollar...as long as the dollar holds its value, the elites can still control everything and keep squeezing us dry...
it's gonna get worse before it gets better...maybe a lot worse..
If China plays it right, they can be the financial leader within ten years. 2031.
I doubt China will be the financial leader. I think they’re basically running their economy as a giant bubble, it’ll be a bad time when it bursts.