Dear Friends,
It seems to me, if we want to eliminate poverty, subsidizing it hasn’t worked, so why not try giving the poor a few ladders? Why is it that most poor people have no house, investments or even a bank account, yet sport tattoos that cost over fifteen grand? Because there are no investments geared to them and their needs. Without savings, the down payment to a home might as well be a trillion dollars. Of course, to protect us from “terrorists,” the government has made it more and more difficult to get a bank account. It is easier to vote than to get banked. So why not invest in tats? If there is no mechanism to get out of poverty they might as well look the part. I think that instead of holding the downtrodden down, stepping on them, it might be advisable to take our collective jack boot from their throats.
Capitalist social security, as I call it, would be an investing mechanism that would appeal to the poor. With immediate and perpetually growing returns, many poor people might forego a full body tat, for everlasting income. The industrious might even invest in capitalist social security rather than in a pound of cocaine. People are self interested, including the poor. We all take the path of least resistance, and if that path leads to poverty, that is where we will go. Provide a path that leads out of poverty however, and the children of privileged will have to compete with poor kids, with greater merit. That is obviously unacceptable, so the poor are held down with regulations, taxes and laws. Capitalist social security is a mechanism to create generational wealth… for everyone.
Education is the single best ladder there is, or it can be an anvil, depending on what is taught. When the kids are taught with the goal of their achieving prosperity, fecundity and health, there will be more prosperity, health and people will be more fecund. If instead children are confused if they are a boy or girl, taught that math is impossible, reading irrelevant and writing a waste of time, then you will get a society filled with impoverished, obese people, who aborted their kids. While this is a problem for society, mankind and humanity, it is a boon for the elite. Their half witted brats, who deserve to be in shirtsleeves, will not have to compete with sharp, enthusiastic go getters. Instead, their peers will be hopeless drug addled homeless people, who don’t know of they are a boy or girl.
Terrorist laws have ground up the few ladders that still exist to get the poor out of poverty. Regulation has effectively de-banked the poor. If you don’t have a dozen pieces of ID and bills addressed to you from public utilities, you can’t get a bank account. Even a Christmas account. How is someone supposed to save the money for a down payment on a home if they are barred by law from saving? The poor don’t have access to lawyers either. That’s why criminals know, steal a penny from the elite and you go to prison, while you can steal everything a poor person has, putting them onto the street, and the government wont lift a finger to prosecute you. The assumption must be the poor didn’t deserve the few things they did have. Poverty in America is regulated, subsidized and husbanded by the elite.
Instead of making it harder to get out of poverty, by subsidizing it, regulating away the ladders and taxing small businesses to death… perhaps a more effective strategy, to creating wealth among the poor, would be to let their heads above water, and maybe even throw them a rope. Capitalist social security and a voucher system would be all the rope most need. Especially if they are coupled with cutting small business strangling regulations, the laws that bar the poor from banks, and cutting taxes. The only reason we have any poor in the US today is because it’s public policy. The elite want more poor and so we will get more poor. On the other hand, if everyone’s abilities are applied to the economy, the availability of everything will go up, while the cost goes down, and poverty will be liquidated.
Sincerely,
John Pepin
