JESUS’ ECONOMICS MESSAGE

Jesus here, Christians. You’re a really stupid lot, aren’t you? You’ve missed my point entirely.

I didn’t come here to start a new religion, abolish the law, or forget the prophets, but to try to enforce the key message that, though it runneth through the Bible, you ignore. That is, that land shall not be sold because you’re all just passing through. Remember? The rent of the Earth is for everyone, not just the 0.1%. Remember?

You seem to forget the only time I ever got really pissed off was when I kicked those usurious rent-seeking bastards out of the Temple because they were buying and selling land there, and defying the Mosaic Law – feigning to ‘forget’ that labourers are worthy of their hire by ripping them off.

I died for your sins? You’ve got to be kidding, guys! I died because those high priest property speculators hated (a) my message they shouldn’t be laying field to field and (b) the treatment I meted out to them in the Temple! In the Temple of all places! At least your new high priests haven’t the front to do it in there anymore …..

I brought a fundamental lesson with me, for Jews and for you lot, but unfortunately everyone’s become lost in their own religious bullshit, obfuscating what I was really on about. It was basic stuff: you can’t love people, or you neighbour, when you rip them off.

OK, so for breaking the natural laws of economics once again in such a big way (id est, with these incredible land prices that wouldn’t exist under a land rental), you’re really in for it this time! Visiting another economic depression on you lot might wake you up to the fact that were you to pay land rent as you should be doing, you’ll no longer have bankers’ land price debt around your necks for decades, but you’ll come to experience genuine prosperity.

Heedeth thee? Else, get thee hence!

THE GIG’S UP!

 

When you can’t get a political party, the union movement nor the media to acknowledge the socio-economic ills of rent-seeking by banks and speculative real estate investment, the ‘gig economy’ must be the result.

Uber, Airbnb, Airtasker, et al, use the fact that unemployment and underemployment are now with us in a big way. We need things done on the cheap because we’re missing out on what’s rightfully ours. We’re not receiving what Karl Marx called the ‘surplus product’ and what economists David Ricardo, Adam Smith, JS Mill, Tom Paine and Henry George called land rent (or the ‘economic rent’). Most of that economic rent, some one-third of the economy, owed equally to all of us, is now being purloined by the 0.1%.

The silence on this theft is nothing short of extraordinary. It’s been  with us increasingly since the XVI Century, but has worsened into a XXI Century crisis where we’re witnessing the largest transfer of wealth in history.

By burying away the rental income flowing to land with that which flows to capital, neoclassical economics acceded to the demands of the 0.1%, thereby reducing the return to wages.  The labourer is no longer worthy of his hire. He’s a mug to be taxed and stolen from.

Theft is indeed the name of this process, and this theft is simply being accommodated and used by the gig economy.

TV shows such as ABC’s Q&A are either silenced upon, or ignorant of, the subject of economic rent, so well understood by classical economists. Indeed, we’ve actually now come to mock Adam Smith’s ‘invisible hand’; but that’s to ignore that Smith held markets to be unable to work properly if land rent isn’t taxed away.  [!]

The jig’s well and truly up!

 

TWITTER

As I said when I started this blogsite in 2009, it’s a form of catharsis. It helps get the muck off my liver when I see how the 0.1% have structured tax regimes to steal from the 99.9%.

Of course, I hope it might also be instructive.

But Twitter’s good for these purposes, too. I tweet at https://twitter.com/bryankav123 and have discovered you can get quite a lot out in a very few words. I’ve been tweeting for 37 months and I’m surprised to see I’ve sent 15,100 tweets in that time.

Isn’t that more than 13 a day?  Impossible!

THE NATIONAL RIFLE ASSOCIATION (NRA)

As America’s socio-economic superstructure is being relentlessly torn apart  by government policies supporting extractive rent-seeking, instead of wealth creation, the NRA clings nevertheless to the belief that guns are necessary to stop the USA from being torn apart from within.    The NRA has missed this travesty, because banks and other rent-seekers behave like thieves in the night.

AUSTRALIA’S LONGEST BOOM

In the excellent 3-part ABC-TV documentary “Making Australia Great: Inside Our Longest Boom“, journalist George Megalogenis traces the politico-economic events that set Australia up for its longest period without an economic recession.

Megalogenis shows the October 1987 share market crash didn’t  generate an economic collapse. As always, it took the bursting of a real estate bubble in 1988-89 to bring on the 1990-91 recession – Australia’s last.

The documentary tells the tale of our ‘asset bubbles’, which I see as land price bubbles – affecting both our real estate and share markets.

We are very good indeed at surgically exposing our economic history post hoc in such documentaries, but less practised at decent live commentary saying “Look – it’s happening again!“, as it has in Oz since 1996. Yes, that’s correct, we’ve inflated this particular land price bubble for 22 years!

So, to George’s two questions: “How did we become the last rich nation standing, and can we make something of our moment”, may I suggest in response: (a) the Rudd-Swan government spent more than $50 billion in 2008-09 to keep our bubble inflated, and (b) yes, we have made something of the moment by developing the most gargantuan real estate bubble in history.

It’s about to burst around our ears.

🙁

TAXING WAGES ….

…. WAS A ‘TEMPORARY’ WARTIME MEASURE! Remember?

But banks, miners and the 0.1% liked it, and they got used to it.

What ever became of “The labourer is worthy of his hire“?

Oh, he’s certainly worth of some of his hire.

Maybe there’d not be enough ‘revenue’ from land and resource-based charges?

Wrong! There’s more than enough. Homeowners privatise the rent into gargantuan land prices; banks then ‘lend’ against these inflated land prices to make their ‘super-profits’.

Miners, who ought to be paying 50% of their net profit (before tax) as rent for the natural resources they mine, spend $22 million in advertising to say that would be bad for us. They convince us it would be bad.

So, the 30%-40% of the economy that is our publicly-generated natural resource rent disappears into banks, to their shareholders, to miners, &c., and to homeowners. Renters meanwhile pay the landlords rates and land tax in their gross rental. That’s fair?

 

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