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#redistribution

wist@diasp.org
WIST

A quotation from Basil of Caesarea

Who are the greedy? Those who are not satisfied with what suffices for their own needs. Who are the robbers? Those who take for themselves what rightfully belongs to everyone. And you, are you not greedy? Are you not a robber? The things you received in trust as a stewardship, have you not appropriated them for yourself? Is not the person who strips another of clothing called a thief? And those who do not clothe the naked when they have the power to do so, should they not be called the same? The bread you are holding back is for the hungry, the clothes you keep put away are for the naked, the shoes that are rotting away with disuse are for those who have none, the silver you keep buried in the earth is for the needy. You are thus guilty of injustice toward as many as you might have aided, and did not.

Basil of Caesarea (AD 330-378) Christian bishop, theologian, monasticist, Doctor of the Church [Saint Basil the Great, Ἅγιος Βασίλειος ὁ Μέγας]
“I Will Tear Down My Barns [καθελῶ μου τὰς ἀποθήκας],” Sermon # 6 [tr. Schroeder (2009)]

#quote #quotes #quotation #avarice #charity #economicinjustice #greed #need #needy #property #redistribution #robber #steward #thief
Sourcing / notes: https://wist.info/basil-of-caesarea/71532/

"I Will Tear Down My Barns [καθελῶ μου τὰς ἀποθήκας]," Sermon # 6 [tr. Schroeder (2009)] - Basil of Caesarea | WIST Quotations

Who are the greedy? Those who are not satisfied with what suffices for their own needs. Who are the robbers? Those who take for themselves what rightfully belongs to everyone. And you, are you not greedy? Are you not a robber? The things you...

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anonymiss@despora.de
anonymiss

How our #financial #system works and the #redistribution …

An investor suddenly appeared in a small Spanish town and rented a huge warehouse. He then announced that he would pay €10 for every cat that was brought to him. The inhabitants could hardly believe their ears, as the town was full of wild cats, but some went on the hunt and brought cats. They received their money. Word spread quickly and the warehouse was half full of cats. After a while, there were hardly any cats left in the village. Then the investor announced that from now on he would pay €20 per every additional cat. People hunted in the surrounding area and in neighboring villages and they received their money. There were hardly any cats left in the whole area except in the warehouse, which was well stocked. Now the investor has announced that each additional cat would be worth €50 to him from now on. However, he would now travel to the capital for his business and his managing director would look after the warehouse. When he returned in a week’s time, he would pay for all the cats. No sooner said than done. As soon as the investor had left, the manager told the people that they could buy cats from the warehouse for €45. They could then sell them back to the investor later for €50. People scraped together all their savings and some even went into debt. Everyone bought as many cats as they could. The more cats you owned, the higher the expected profit. Within a few days, the warehouse was completely empty and the managing director had made a handsome sum. Now everyone was waiting for the investor to return. But he never came and the managing director had also disappeared. You will have guessed it by now, the investor never returned and the entire region had to suffer under a heavy burden of debt from then on.

This is exactly how the #stock #market works.

#money #economy #capitalism #profit #wisdom #story #problem #future #fail

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wazoox@diasp.eu
Emmanuel Florac

Why not Keynes? - by Branko Milanovic

#economics #inequality #redistribution

Even a very cursory look at the fundamental equation which is A (aggregate supply) = C + I + G shows that if C (aggregate consumption) is a function of income distribution an obvious way to rebalance supply and demand is to “improve” income distribution, that is to transfer purchasing power from the rich to the poor. If $1 is transferred from a rich person who normally consumes only 50 cents, to a poor person who would consume 95 cents, aggregate consumption will increase. One can then fine-tune it until it closes the gap between the aggregate supply and the effective/aggregate demand. There is no need to introduce government spending, G.

The question is then, why was such an obvious path out of insufficient demand not taken by Keynes? He had in front of him two possibilities: one was to increase government spending; the second was to redistribute income towards the poor. The latter is an easier solution and entirely within the logic of the model itself, including within the logic of a new concept of “propensity to consume” which Keynes has introduced. But if income distribution is assumed unchanged or unchangeable, or if one does not want to touch income distribution for political reasons, then the only way out is the one taken by Keynes: increased government spending.

https://branko2f7.substack.com/p/why-not-keynes

Why not Keynes?

Keynes’ uneasy relationship with income distribution

One person like that
tpq1980@iviv.hu
T Q

Many #American #Conservatives might like to critique the #UK as being too #Socialist, many of those critiques may be valid, however, the #USA is not a #Capitalist economic system any more than the UK is, with the #GDP of both nations being comprised of around 40% #government spending.

The USA has been for decades a mixed Capitalist/Socialist economic system. What's most sad about both the UK and #US is that the kind of #Socialism being deployed is actually #corporate Socialism, wherein #taxes are forcibly redistributed to #corporations and the most wealthy. The worst aspects of both systems.

#corporatesocialism #redistribution #angloamerican #economics

https://en.wikipedia.org/wiki/Government_spending_in_the_United_States#State_and_local_government_spending

Government spending in the United States - Wikipedia

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escheche@diasp.org
Sylvia J

Martin Luther King Jr. ~ A True and Visionary Radical

January15,1929 - April 4,1968

As we celebrate #Martin-Luther-King-Jr-Day, let’s look at some of the things he said that challenged #capitalism and are left out of most history books.

“I imagine you already know that I am much more #socialistic in my economic theory than capitalistic… Capitalism started out with a noble and high motive… but like most human systems it fell victim to the very thing it was revolting against. So today capitalism has out-lived its usefulness.”

Letter to Coretta Scott, July 18, 1952.
“In a sense, you could say we’re involved in the #class-struggle.”
-Quote to New York Times reporter, Jose Igelsias, 1968.

“And one day we must ask the question, ‘Why are there forty million poor people in America? And when you begin to ask that question, you are raising questions about the #economic-system, about a broader distribution of wealth.’ When you ask that question, you begin to question the capitalistic economy. And I’m simply saying that more and more, we’ve got to begin to ask questions about the whole #society…”
-Speech to Southern Christian Leadership Conference Atlanta, Georgia, August 16, 1967.

“Capitalism forgets that #life-is-social. And the kingdom of brotherhood is found neither in the thesis of communism nor the antithesis of capitalism, but in a higher synthesis.”
-Speech to Southern Christian Leadership Conference Atlanta, Georgia, August 16, 1967.

“Call it #democracy, or call it #democratic-socialism, but there must be a better distribution of wealth within this country for all God’s children.”

Speech to the Negro American Labor Council, 1961.
“We must recognize that we can’t solve our problem now until there is a radical #redistribution of #economic and #political #power… this means a #revolution of #values and other things. We must see now that the evils of #racism, economic #exploitation and #militarism are all tied together… you can’t really get rid of one without getting rid of the others… the whole structure of American life must be changed. America is a #hypocritical nation and we must put our own house in order.”

Report to SCLC Staff, May 1967.
“The evils of #capitalism are as real as the evils of #militarism and evils of #racism.”
-Speech to SCLC Board, March 30, 1967.

“I am now convinced that the simplest approach will prove to be the most effective - the solution to poverty is to abolish it directly by a now widely discussed matter: the #guaranteed #income… The curse of poverty has no justification in our age. It is socially as cruel and blind as the practice of cannibalism at the dawn of civilization, when men ate each other because they had not yet learned to take food from the soil or to consume the abundant animal life around them. The time has come for us to civilize ourselves by the total, direct and immediate #abolition-of-poverty.”

Where do We Go from Here?,1967.
“You can’t talk about solving the economic problem of the Negro without talking about billions of dollars. You can’t talk about ending the slums without first saying #profit must be taken out of slums. You’re really tampering and getting on dangerous ground because you are messing with folk then. You are messing with captains of industry. Now this means that we are treading in difficult water, because it really means that we are saying that something is wrong with capitalism.”

Speech to his staff, 1966.
“We are saying that something is wrong … with capitalism… There must be better distribution of wealth and maybe America must move toward a democratic socialism.”

Speech to his staff, 1966.
“If America does not use her vast resources of wealth to end poverty and make it possible for all of God’s children to have the basic necessities of #life, she too will go to hell.”

Speech at Bishop Charles Mason Temple of the Church of God in Christ in support of the Memphis sanitation workers’ strike on March 18th, 1968, two weeks before he was assassinated.
#mlk #mlkday #martinlutherkingjr #civilrights

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anar65@diaspora-fr.org
Nestor

#Patrons #Carrefour #Supermaché #GrandeDistribution #Autoréductions #Précarité #Occupation #AlexandreBompard #PDG #Vol ou plutôt #Redistribution des #Richesses #Réappropriation

Action contre l’AFEP, le lobby des grands patrons

Publié le 2 décembre 2022

Dans le cadre de la 2e semaine d’action pour les autoréductions et contre Carrefour, le collectif Carrefour Retire Ta Plainte a occupé les locaux de l’AFEP, Association Française des Entreprises Privées, dans le 8e arrondissement de Paris. Communiqué.

Nous étudiantes et étudiants, chômeuses et chômeurs, travailleuses et travailleurs, et individus en lutte contre la précarité, occupons en ce moment le siège de l’AFEP, Association Française des Entreprises Privées – club très sélect et surtout très confidentiel du grand patronat français. Nous pensions y trouver Alexandre Bompard, PDG de Carrefour, que nous cherchons désespérément depuis des mois. Encore loupé. Nous négocions actuellement avec le personnel pour établir un contact avec lui, mais ce contact nous est pour l’instant refusé.
Pourquoi nous sommes nous lancé·e·s dans cette périlleuse entreprise ? Le 14 octobre 2021, son groupe a obtenu la condamnation de deux de nos camarades pour « vol en réunion ». Pour ces faits, il et elle doivent désormais verser 38.000 euros de dommages et intérêts au Groupe Carrefour.

Nous ne laisserons pas nos camarades verser un centime à cette #multinationale, Carrefour doit renoncer à cette somme et retirer sa plainte.

« Vol en réunion », voilà leur version et celle de la justice. Voici la nôtre :

Le 30 janvier 2021, après plusieurs mois de #confinements, #couvre-feux et autres #restrictions, nous étions une soixantaine à avoir mené une autoréduction au Carrefour Market de la rue Nationale à Paris. Riz, pâtes, huile, lait bio, couches de qualité pour bébé, serviettes hygiéniques… Des chariots ont été remplis pour fournir des cantines et des distributions #solidaires. Avec ces caddies pleins de victuailles, bien meilleures que des boîtes de conserve premier prix, nous avons bloqué les caisses du magasin et demandé à rencontrer le patron pour obtenir son accord de partir avec tout ou partie de la marchandise. Des représentants du groupe sont venus et ont accepté de nous céder les biens considérés comme « de première nécessité ». La #police a contrôlé deux des soixante participant·e·s à cette autoréduction et les a retrouvé·e·s. Malgré son engagement à donner ces produits, le groupe #Carrefour a décidé de porter plainte. Eux y voient un vol, nous y voyons une juste réappropriation en contrepartie des #bénéfices accumulés jalousement par la grande distribution.

Nous avons presque tout tenté pour retrouver Alexandre Bompard. Nous avons tracté dans de nombreux Carrefour de France à maintes reprises, occupé le siège du groupe à Massy en mars dernier, nous nous sommes même incrusté·e·s à un gala où il était invité. Jamais nous n’avons été entendu·e·s. Si nous ne pouvons pas le rencontrer chez lui, nous avons décidé d’aller chez ses amis de l’ #AFEP, dans les quartiers #bourgeois de l’Ouest parisien, où lui et les patrons du #CAC40 s’organisent des petits-déjeuners. Mais à l’AFEP, on ne boit pas seulement du jus d’orange pressé avec #Bolloré ou le patron de #Total. Entre deux macarons, on réfléchit à comment agir en coulisse pour défendre les intérêts de ceux qui ont déjà tout : la fin de l’ #ISF, le maintien du crédit d’impôt recherche, la non-taxation des jets privés ou des #superprofits.

Et Carrefour a pleinement profité de ces manigances. Nous ne pouvons pas laisser ce monstre de la grande distribution réclamer 38.000 euros à nos #camarades, alors qu’il fait un milliard de bénéfices en 2021. Le modèle de Carrefour bâti par #Bompard consume la forêt amazonienne, selon le rapport d’une ONG. Carrefour, « partenaire premium » des ( #J-O) Jeux Olympiques et Paralympiques de #Paris2024, partenaire de toujours plus de #gentrification, #bétonisation et #techno-surveillance de notre monde. Leurs #profits creusent notre tombe. Quand nous subissons l’ #inflation, c’est la rémunération des patrons du CAC 40 qui explose : elle a bondi de 52% en 2021 (un « record historique », selon le rapport annuel de Proxinvest publié le 22 novembre).

Il est temps de perturber ces espaces où les #puissants se sentent depuis bien trop longtemps à l’aise.

Nous ne paierons pas. Carrefour, retire ta plainte

Paris, le 2 décembre 2022
Note
Suite à l’action un camarade est en garde-à-vue : rassemblement de soutien ce soir (vendredi 2 décembre) à 19h devant le comico du 8e arrondissement. 210 rue du Faubourg Saint Honoré, métro 9 Saint Philippe du Roule.

Action contre l'AFEP, le lobby des grands patrons

Dans le cadre de la 2e semaine d'action pour les autoréductions et contre Carrefour, le collectif Carrefour Retire Ta Plainte a occupé les locaux de l'AFEP, Association Française des Entreprises (...)

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tpq1980@iviv.hu
T Q

Do Americans know there's a department in the #Federal #government called the "Office of Financial Institutions" and part of its role is to "...formulate policy on financial institutions and government-sponsored enterprises..."

Do Americans know their Federal government spends their #taxes on "government-sponsored enterprises"? What #enterprises does the Federal government sponsor and how much of American's taxes are spent on this?

https://home.treasury.gov/about/offices/domestic-finance/financial-institutions

https://en.wikipedia.org/wiki/Office_of_Financial_Institutions

#federalgovernment #socialism #usa #usgovernment #treasurydepartment #treasury #cronyism #tax #collusion #fascism #biggovernment #biggov #redistribution #nationaldebt #debt #usfederalgovernment

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ahornbrett@diasp.de
existence.is.the.proof

Jeff Booth – #Bitcoin & Our Deflationary Future - podcast - July 10, 2020

" ... trying to just stop #deflation from happening now is going to end in misery because all it’s doing is transferring massive amounts of wealth from the middle-class and poor to the rich. In the last two months of COVID the billionaires in the US gained $552 billion at, a 20% unemployment."

Some of the claims, that are being made:
1. Technological progress is the determining force that pushes economy towards a #deflation
2. All central banks have set their goal to prevent #deflation and instead create #inflation (because there's an ideology that moderate #inflation is good and #deflation is bad)
3. Forced #inflation (to fight #deflation) leads to transfer of wealth from bottom to top
4. At some point in the future, some central banks & governments will begin to fight bitcoin ... and some will adopt bitcoin to solve their problems

Quote:

" ... think about what we do to spend all of our time trying to work our whole lives so that we can retire the last 10 years safely, right? And the entire time we’re working harder and harder and harder trying to keep up with artificially prices are rising prices that are created artificially, right. Just to push away from us. So we have to work harder. And so we need better jobs. We need everything else to be able to chase on that mouse wheel faster and faster when technology is actually wanting to give us the exact opposite, when prices should be coming down ... "

mp3:
https://stephanlivera.com/download-episode/2301/191.mp3

episode & transcript:
https://stephanlivera.com/episode/191

#bitcoin #centralBanks #deflation #inequality #inflation #JeffBooth #monetaryPolicy #redistribution #redistributionOfWealth #StephanLivera #thePriceOfTomorrow #universalBasicIncome #UBI