The Capitalism Tax

The amassing of wealth, on the backs of working people (the producers of the wealth), by the investment class constitutes free market capitalism.

Wealth is taken from laborers, and doubly via profits on the other end of the equation--again via investment rather than productivity.

Capitalism thus represents a double tax on everyone who is productive.

Yet wealth has thus become so concentrated, in the U.S. at least, that the interests of wealth, via media, have been able to control the minds of a critical mass of voters through demonization of taxes, "big government," "socialism," and the advocacy of the very unregulated free market capitalism that has cost all working people more and more, the more it is implemented.

(I used the term "socialism" in quote marks because its detractors generally simply parrot rightwing radio rather than spend any moment investigating the concept in any literal sense.)

Unregulated capitalism's continual concentration of wealth is unsustainable however, as we witnessed 2000-2008. Its corruption needs to be propped up--as we saw towards the end of the Bush administration and by the Obama administration.

Leaderless: Senate Pushes For Public Option Without Obama's Support

I really have to wonder why our so-called representation differs so widely from public opinion. I guess it's because our representation really represents moneyed interests, and as income disparity grows, so will the disparity between representation and the interests of the American public.

Read the Article at HuffingtonPost

Franken Slaps Down a Shill

The people finally have representation in the U.S. senate.

How is Capitalism Immoral?

Capitalism is immoral for quite a few reasons, not the least of which is the fact investment income is stolen from those who actually produce the wealth (via work, productivity, creativity). All wealth is produced. Investment income is merely purchased, producing zero wealth. The wealthier people are--in the U.S. for example--the larger the percentage of their income is derived from investment and not productivity. Thus it is stolen from those who worked to produce it.

Advocates of capitalism attempt to hide this by claiming wealth creation is not a zero-sum game, as if investment somehow magically produced wealth.

Another red herring is the idea workers enter the transaction voluntarily, but most people--in a purely capitalist arrangement--obviously would have no choice but to work to survive.

Another major reason is the fact that capitalism prioritizes production for the benefit of the wealthiest first, and the neediest last (again contributing to its ultimate unsustainability). Anyone initiating production (starting a business, etc.) will generate a product or service for those with the most wealth available (a market). It would be irrational under captitalism, to, for example, start a business feeding starving people who have no money.

The Difference Between Socialism and Capitalism

Socialism rewards work; capitalism rewards wealth.

With regard to capitalism, the resulting continual concentration of wealth, apart from being immoral, is unsustainable.