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The Value Added Tax: A Hidden New Tax to Finance Much Bigger Government

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Although I totally disagree with this man’s description of Social Security as an “entitlement” program, attempting to paint it as some form of welfare, the remainder of his assessment is quite accurate. 

The greatest unfunded libaility we have is the federal government…the same government which has stolen and estimated 3 trillion from Social Security since the Johnson administration.  It becomes “unfunded” because they have no way and never intended to pay it back without turning yet again, to the working class to replenish the theft of  FICA taxes invested in Social Security. 

Social Security becomes a “liability” when the funds stolen exceed those coming in; a threshold we will reach in 2035. 

Social Security……A Ponzi Scheme? Maybe you should look at your insurance company.

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If I hear one more crack pot whining about Social Security being a [Ponzi scheme] I think my head will implode.  SS is a retirement fund and one totally funded by taxpaying workers.  Even to some extent by those [have mores] who only pay on a portion of their earnings as opposed to us [have nots or have less] that pay on all of our earnings.  Come retirement day even the rich guys will be lining up for the monthly Social Security check. They’ll think it’s a really good deal then and won’t say the word [Ponzi].

 

All the chronic whiners who throw old Ponzi out there as though he was some creature from hell seem not to be aware that those insurance companies that charge exorbitant rates for policies they have no intention of honoring, are modeled on the same premise as Social Security is.  Only SS actually pays as promised whereas your insurer most likely won’t unless you sue them..and then you’re not likely to win.  Now there is a refined Ponzi scheme for you: even Ponzi attempted to pay at least some of his investors back……your insurance company has no such intentions unless forced to.

 

As employees, we INVEST in SS with each and every paycheck we earn.  The federal government DOES NOT fund SS in any way.  Currently, and for the past thirty years, SS has produced a massive surplus and is currently producing about 150 billion a year beyond what it needs to pay all claims. 

 

When the government announces the yearly budget, it is immediately offset by the amount that will be stolen from SS and used for other purposes.  So, add 150 billion to the announced budget total: this will give you a more realistic total for what the government is going to spend using your money.

 

Lets look at those insurance companies. 

 

You are forced to buy insurance whether you want it or not, if you own a vehicle.  You are forced to pay extortion rates for health insurance…..or go without.  This leaves you either very sick or on welfare or just treading water until the health issues pass.

 

But what happens to those millions of premiums paid by people who have never accessed their policies or tried to, or who were informed by their insurer that for some reason their ridiculously priced policy doesn’t cover that problem they have?  What happens to those billions and billions of dollars paid in premiums year after year to companies that have no intention of paying anything but the smallest portion of claims?

 

We don’t know what happens to these accumulated premiums because they are used for anything and everything other than honoring the policies the insurance company sold.  For every $1 that is paid out on claims, $2 is spent trying to avoid legitimate claims and even with this, they still honor less than 20% of the claims made on policies.

 

In fact, we just bailed out a few biggy insurance companies that have continued to sell policies and to conduct the business of selling [insurance] after destroying the financial sector of the country with risky business ventures that we can only speculate about.  We have to speculate because they were not required to divulge just exactly where the money had gone and what exactly they had done with it.  All we know is that it wasn’t used for honoring the contracted insurance policies they sold and continue to sell.  I call this breach of contract and you should be able to sue on that premise, but try finding a judge for that one…..in fact, lots of luck even finding an attorney.

 

In fact, a fair portion of the investments we all made in Social Security just this year will go directly to bail out the biggest PONZI schemes ever devised by people who had no intention of ever making good on their promises. 

 

And this is how we come to the [unfunded liabilities] section of the federal budget.

 

  • First we tax workers on their wages for their retirement.

 

  • Then, we make the SS trust fund available to the general fund because it has and continues to produce a massive surplus each year.

 

  • We use the money stolen from workers accounts to finance wars, to cover up the massive loss of revenues from preferential treatment of the upper 3%, and to fund the day to day operations of the government that is the thief of these funds.

 

 

  • Later, we use these stolen retirement funds to bail out Wall Street, corrupt insurance companies and all of our crooked cronies who enriched themselves at the expense of the entire country

 

  • Then we start crying about SS being an [unfunded liability] because we stole so damn much money from this program, which we never had any intention of paying back, we have potentially run it into a hole.  Fearing that the worst could happen, we present this as a false scenario hoping to convince the very people we victimized when we stole their retirement investments that somewhere in the future, at a time far, far away, this retirement investment account might only be able to pay a portion of its claims.

 

Only even that last statement isn’t true. The part about them never intending to pay it back is, but the part about it being in the red in the future isn’t.  The fact is, left alone and untampered with, SS will still produce far more than it pays out.  

 

The next time someone tells you that SS is a Ponzi scheme……direct them to their insurance company and ask them to explain that one.  Then ask them what happens when and if they try to make a claim.  Ask them when the last time was that insurance premiums were seized to finance the repayment to Social Security.

 

© 2008 Marti Oakley

 

 

 

 

American taxpayers enraged as congress feigns deafness over bailout.

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Here it is in a nutshell:

 

  • We can’t have universal healthcare because that would be socialism.  Better to let those who are not here illegally suffer, or maybe die, all for the sake of semantics.

 

The concept of insurance seems to have outlived its usefulness and its original purpose.  AIG was a perfect example of a supposed insurance company that was doing anything but providing the coverage it was selling.  Bad investments using premiums as capital, AIG manipulated its books, failed to file the required annual federal documents, and its taxes. Insurance as we know and think of it no longer exists and has not for ten years or so.  Insurance now means that these corporations can be assured that the premiums they have collected and mismanaged will continue to finance everything but claims.

 

  • We can’t help out the 1.7 million who have gone into foreclosure just this year…they should have known better, its their own faults…that would be socialism too.

 

Even that joker Paulson admitted that the securities used to back up loans, mortgages and investments were so complex that he could not fully understand them.  The sub-prime loans to consumers were just as complex and not fully understood by those selling them.  This is fascism.

 

  • We can’t extend unemployment benefits to those who lost employment due to off shoring of jobs and business closings, or due to the illegal hiring of illegal aliens.

 

The same companies and corporations now screaming that we have to bail them out were many of the same companies that closed businesses here and moved overseas for cheap labor.  Why don’t they go to those markets and banks and get their bailout?

 

  • We cannot regulate or perpetrate any kind of oversight over the conduct and ethics of free market capitalists as that would again be socialism.

 

Michelle Bachmann of Minnesota when interviewed CNN claimed that regulation and oversight would be, socialism.  No regulation and no oversight is fascism!  I like socialism better.

 

  • We can’t confiscate the unethically or illegally acquired wealth of those who manipulated the system and are now blackmailing the public into bailing them out.  

 

The same people who bankrupted and profited from the markets that are now collapsing for some reason are not being required to anti-up.  In fact, many are walking away with millions in unearned severance bonuses and salaries.  AND!  Many of these same corrupt CEO’s are being considered for positions in managing the stolen billions confiscated from taxpayers.  This is FASCISM.

 

 

  • We can’t repeal the special tax cuts to the upper 3% who benefited directly from this manipulated “free market”.  That’s an unfair distribution of wealth.  It’s unfair for the wealthy to be taxed regressively as the middle and poor classes are. You guessed it…that’s socialism or even worse communism.

 

But, for some reason redistribution of wealth is of no concern when you take from the poor and middle class and use that money to finance the wealthy who even during this calamity are unwilling to contribute and who will forfeit nothing!  No one applies the term socialism to this redistribution.  And they shouldn’t.  The proper term is FASCISM!!

 

The same people who ran these businesses into the ground, their investors who condoned the practices that lead to this downfall, are unwilling to even talk about pooling their own collected resources and bailing themselves out. 

 

These people have far more money than we do.  Why are they not being held accountable for shoring up their own disaster? 

 

While American citizens have been enraged over this bailout, the pro-corporate, business as usual terms of the bailout, congress plugs its ears and pretends not to hear.  If ordinary people can look at this situation and see that not only is it not necessary, but totally unwarranted….what’s wrong with congress? 

 

© 2008 Marti Oakley

 

What Else do You Need For Proof?

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Today, while warnings continue regarding the breaching of levee’s in at least 37 different locations along the Mississippi and affecting several states, congress took it upon itself to pass the FISA bill allowing the spy agencies to spy without warrant or reason on any American citizen.  I not only question the constitutional legality of this law, but also, the timing of its passage. 

While the Midwest sinks under water and the agricultural heartland of the country is declared a national disaster, congress could only muster enough interest to pass yet another invasive and intrusive law guaranteed to give the federal government and all its spy agencies the right to declare a surveillance war on the people of the United States.  And like the compliant sheeple we have become, few of us will complain.  After all, we have to be tough on those terrorists.

The neo-con snarks that operate inside the beltway are declaring some kind of victory over grassroots movements who aggressively opposed the communistic FISA bill.  Obviously, some people are just so clueless that it never occurs to them that they will be spyed on too.  They don’t worry though, because they haven’t done anything wrong so they don’t mind having their privacy invaded or their rights erroded.  Personally, it is exactly because I haven’t done anything wrong that I do mind. 

And while this victory dance by neo-cons continues, thousands of acres of grain crops are being washed away and people in those areas are scrambling to save what they can of personal possessions before the water takes even those and makes their homes uninhabitable. 

Considering this nightmare and the coming impact on food supplies that will result…..wouldn’t you have thought that our congress would have been focused on the long term affects?  Maybe instead of passing legislation that is so Anti-American and giving the New World Order another open door to step through…….maybe they might have spent their time more affectively, more beneficially by trying to secure food that is going to be in short supply as a result of these floods?  But, no.  It is apparently far more important to pass legislation against America’s people than it is to prepare for a food shortage to make sure they can eat.

Maybe another line they could have pursued is why billions have been dumped into the Army Corps of Engineers over the years, and yet these levee’s are failing.  Our infrastructure is allowed to deteriorate to the point where privatization seems the only way out.  In order to make this appealing, the infrastructure must be allowed not only to deteriorate, but also to devolve into such a state of disrepair, to become such a threat to the survival of the population that people are begging for help and will take it from where ever it seems to be coming from.  This is especially effective when those begging to be helped are swimming past their homes. 

Maybe instead of spending billions and billions on unwinnable wars of aggression, or subsidizing and crediting huge oil cartels for raping the American public, or giving tax cuts to people that are obscenely wealthy and who have no allegiance or loyalty to this country……maybe congress could have spent some time on figuring out how to shore up our infrastructure.  But doing that might have presented a future obstacle to selling off sovereign land and constructed infrastructure to foreign corporations and investors and private investors here at home.

So the Midwest floods and drowns and floats away along with future food sources and congress fiddles while the water rises.  If today in congress did not give you the proof you need that our government on almost all levels is dysfunctional and no longer concerned with those it is supposed to represent, I don’t know what will. 

Congress has asked for 200 billion for flood damage costs.  How nice.  Another 200 billion on top of the 10 trillion we already have in national debt…….and where will this money be borrowed from?  And what will the government use as collateral on this new debt?  The land that is currently under water? 

The floods are a national disaster for many reasons, but congress is also a national disaster that needs tending to.  These people have to go.  We need to implement term limits for all elected officials and appointee’s.  That would include the court appointee’s right up and through the Supremes.  No one in our government should be allowed to make a career out of politics.  It’s not conducive to good government. 

My heart goes out to my neighbors and friends and family here in the Midwest who are losing everything in these floods.  I just think its unfortunate that the Potomac doesn’t do us all a favor and breach its banks. 

Marti Oakley (c)2008   

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