The economy can be fixed real fast, but they won't do it
4 2016-07-17 by LightBringerFlex
Here's my theory. In a corrupt government (most on earth), the economy has to grow faster than it leaks.
Why does an economy leak and what does it leak? The economy leaks money. Money is taken out of the economy through the combined effort of government and massive corporations. The only way an economy can grow is if it brings in more than it leaks.
If we were to create an equal opportunity system (true equal opportunity), there cannot be any leaks. Leaks are a total waste and they screw up the whole system. Cancer cells are similar. Cancer cells actually take a lot of energy and they don't offer anything back to the body like normal cells do. The cancer cells leach of the body until the body dies or a cure occurs.
There are trillions that have leaked out and money is being leaked as I write this here. They leak the money and hide it in tax free havens.
The bigger the leak, the worst off a country is. Some of the worst 3rd world countries have a disastrous economic pipeline full of leaks. It hasn't gotten that bad in America yet but it will eventually unless a cure is found.
The 2 cures are:
- Voluntary secession of illegal activity related to leaking money.
- A system upgrade that has mechanism to prevent leaks.
A lot of good people out there voluntarily restrict themselves from scams that screw the country. Ben and Jerries is a great company that represents this type of person. Others are always looking for ways to leak money out of the economy and into their own tax free havens.
We need to stop these leaks and restore the economy because this is the precise solution to our economic problems. We can keep growing the economy fast enough to stay ahead of the leaks but that only means the economy has to move faster and faster to keep up with all the financial loss so eventually this method will crash.
The only choice is to get into the engine and fix the leaks. If we can at least agree on this, then we can work our way up to fixing the system. Some people would say this is a daunting task but this is how life has always been. We always worry about daunting tasks and eventually figure it all out.
The bottom line is a leaky pipeline will not delivery water efficiently to homes. As long as the leak gets bigger, the future looks dim because there is a point where nobody is getting water anymore due to systemic failures caused by the leaks. This will go on and on until people get so fed up that they unearth the soil and get in there to fix the leaks. It will take some elbow grease so people get worried about that but hey, such is life. Sometimes we gotta get in there and use some elbow grease. Try to have fun with it.
That's my theory. All countries have money. Its the flow of money that determines economies. As long as the money flows quickly in a circular motions throughout the population, every willing person will get a fair share in exchange for work. Money passes hands and the faster it passes hands, the more work is needed thereby lowering the unemployment rate. People keep working and earning and spending some more. Its like a train that comes full circle on itself regularly. However, if people from outside the economic system are outright looting the money from the pipeline, the system no longer functions at high efficiency like its supposed to.
People involved in the leaks are now trying to turn billion dollar countries into trillion dollar countries. Money makes money for sure so this is inevitable.
One idea I heard that would actually slow down many leaks for sure is an income cap of 25 million a year. Every sensible human being can agree that 25 million a year is plenty. This will prevent any one person from siphoning billions out of the economy legally and it will prevent any one company into expanding into a monopoly. There is no reason to monopolize an industry if there is no profit in it except the first 25 million worth. This would create opportunity because what one company doesn't control, another new company will. This will give people a chance to open shop in local communities without competition from massive trillion dollar corporations.
This is just one idea. We can keep coming up with plenty to fix the leaky pipeline.
31 comments
2 plato_thyself 2016-07-17
Enjoyed reading this, keep em coming.
2 Luvdechub 2016-07-17
It would be easier just to associate the money with value, by backing it with gold, rather than associating it with debt, as is the current situation. All those billions are worthless in reality.
2 Pologrounds 2016-07-17
What good is gold? This is a serious question. It is a store of value, and has been throughout history. But why has it been? What are the properties that make it so valuable? I have thought about this for a few years, in a sort of Water-Diamond Paradox type of way, and am still perplexed by it. Unless there is a mystical purpose to it that I have not found out yet.
2 Homonoetic 2016-07-17
Doesn't rust... As far as metals go in Ancient times, that's pretty mystical.
Other than that, it's shiny?
2 swansong19 2016-07-17
The only "leak" that really needs to be plugged is the debt based creation of our currency.
2 phallaciouslycorrect 2016-07-17
Money is imaginary; dependent on belief in the issuer of the token. Work is real. The ruling class abhors work and will do anything to force work on the lowest bidder. If there was any value given to work the ruling class would be in poverty.
1 metabolix 2016-07-17
My head hurts reading about the leaks
1 Thinkpadoutlaw 2016-07-17
What about the gap between the skills needed to be productive in the new economy compared to the skills by most University grads? Lack of and aging infrastructure, we still use rail/Amtrak and don't have at least one bullet train. Japan's on the third iteration of the technology, while China's light rail high speed trains facilitates trade and the disbursement of knowledge workers. America has become the cocky kid that thinks their the best but when he steps to the plate strikes out. Why? He didn't practice. He didn't improve. "Our" great country rest on it laurels too often and waits for catalyst of change to come out the blue sky either from the government or one or two great companies (of the moment). Yes there are leaks and cracks in the system, but we can't keep patching this system. We need to upgrade and improve so that we can be competitive. If we did so, blue collar workers would be working on higher level projects with a more marketable skill set applicable for the future and not complaining about their jobs being off shored to low cost manufacturing centers.
1 MMAPundit 2016-07-17
Cashless society = truly digital societ
Effect of digital over analog allows for quicker solutions and implementation to fix the economy. Blockchain technology can solve theese problems. The biggest issue is decentralization not of databases but of corporate privacy and incomes.
Having an up to the second knowledge of what's selling, what's trending promotes the needed fix our economy needs.
3 LightBringerFlex 2016-07-17
Transperancy would be a great upgrade. Cashless too.
1 Homonoetic 2016-07-17
Oh lawdy, I like you.
1 kingcubfan 2016-07-17
What about debt?
1 LightBringerFlex 2016-07-17
Debt is a part of the problem. As money leaks, debt grows.
1 kingcubfan 2016-07-17
So then, how do we fix debt? Besides telling banks to stop loaning money to people. Somebody owns that credit card debt. Somebody's gonna want to get paid.
1 LightBringerFlex 2016-07-17
Everyone stops paying into it. By paying into it, you are funding the trillionares.
1 kingcubfan 2016-07-17
Now how are we going to get people to stop using credit cards and spending only what they have and saving for the things they want?
1 LightBringerFlex 2016-07-17
Credit cards without interest would help the economy. Transfer money back onto the middle class.
1 kingcubfan 2016-07-17
But then the credit card companies cannot make all that money in interest payments to cover all of their losses from swindlers. The only way to get the money flowing is through ingenuity and drive.
1 factsnotfeelings 2016-07-17
What we need is debt forgiveness. Japan had 20 years of stagnant/non-existant growth after their financial crash of 1987, this is what the western world will have too, if private debt isn't dealt with.
We also need to eliminate all taxes as taxes do not fund spending and only serve to widen economic inequality.
1 Terex80 2016-07-17
"eliminate all taxes"? You must be joking as that would assuredly ruin the economy as there could be no widespread government infrastructure projects or anything of that ilk
1 factsnotfeelings 2016-07-17
No it wouldn't ruin the economy. The government doesn't need our tax dollars in order to pay for things. All money is created out of thin air, just like points on the scoreboard at a basketball game.
1 Terex80 2016-07-17
Do you mean printing money or borrowing? If you mean just borrowing then that is only possible with something to back up your promise to pay it back
1 factsnotfeelings 2016-07-17
I mean printing money.
0 Terex80 2016-07-17
Ok, well governments can't just do that as they please, look up Germany in 1923 with hyperinflation
1 factsnotfeelings 2016-07-17
The hyperinflation in Germany was caused by a speculative attack on the mark.
Currency traders began short selling the mark by borrowing marks from the central bank and using those marks to buy dollars.
You can read more about it here (page 70): The Magic of Money
1 Terex80 2016-07-17
That is completely at odds with what people who have taught this to me in the past and that I have talked to about it with.
The German government to pay back the reperation payments from the treaty of Versailles started printing lots and lots of money
1 joshthephysicist 2016-07-17
The economies of the world can be fixed, but who do you appeal to do it? Trump and Clinton don't have the political motivation to do so.
1 LightBringerFlex 2016-07-17
Imagine a world of high transparency and decentralized power across the masses. We can do a lot better than what we have now.
1 joshthephysicist 2016-07-17
Certainly. There is no doubt about that.
Knowledge, such as present in a world of high transparency, would allow us to fix things even with the highest amount of corruption. People would not take it. Transparency would be my biggest goal.
Decentralization is yin, and centralization is yang. The good in one eventually grows, but there is always some evil to it. They switch positions constantly.
Consider that we have larger achievements together, which does not always occur through decentralization. But on the other hand, high centralization does corrupt, insulate, and prevent great change.
An ideal system uses both decentralization and centralization in a symbiotic way and accounts for these changes.
1 LightBringerFlex 2016-07-17
True, everything does have its uses. We would need some centrality for functionality purposes.
1 joshthephysicist 2016-07-17
It's difficult to figure out where the line should be. Like you had said, certainly we could do better than what we have now.
I don't really have an answer for that. My general belief is that if we can preserve competition for ideas/powers in some form and allow for some contradiction to test those ideas/powers, eventually things work themselves out. We also see it in the branches of US government and in the vote and will of the people that keeps the other 3 branches in check.
1 Terex80 2016-07-17
Do you mean printing money or borrowing? If you mean just borrowing then that is only possible with something to back up your promise to pay it back