Charles Hugh Smith is the author of several books as well as the Of Two Minds blog. If you are not familiar with his writings, I highly recommend that you make “Of Two Minds” one of your regular pit stops. In his ltest post, he talks about America being three-and-a half society made up as follows:
- The entrenched financial elites at the top the “half class”)
- The highly paid who pay most of the taxes (the “First Class”)
- The working poor who pay Social Security payroll taxes and sales taxes (the “second class”)
- Those dependent on the State who pay no taxes (the “Third Class”)
Smith has the following to say about the ramifications of this three-and-a half class society:
This class structure has political ramifications. In effect, those paying most of the tax are in a pressure cooker: the lid is sealed by the entrenched incumbents on top, and the fire beneath is the Central State’s insatiable need for more tax revenues to support its entrenched incumbents and growing army of dependents.
These classes are coalescing into a Tyranny of the Majority, where the entrenched incumbents in State fiefdoms and state-funded cartels are joined by state dependents in demanding higher taxes on the 25% who pay 90% of the Federal income taxes.
In other words, the overworked are powerless to change the system they serve. The overworked often have big mortgages to pay, kids in college, huge medical bills and a high-cost lifestyle that is a legacy of better times, a lifestyle they try to maintain even as their net income after taxes and healthcare insurance declines year after year.
The involuntarily idle are equally powerless, of course, but they tend to think the status quo is rewarding the overworked. The overworked, meanwhile, look with envy on the involuntarily idle who manage to live pretty well on government programs and transfers.
There is much more worth your time to read in this article and there are links to other informative posts by Smith that are equally worth your time. The bottom line is that our “democratic republic” is so throughly corrupted by the financial and political elites that I don’t believe it can ever be set right through the election process. Just think of the thousands and thousands of laws and regulations that would have to be undone. And yet, the Status Quo is not sustainable. The twenty percent that carry the largest share of the cost burden of our over sized government will some day reach the point when they can no longer carry the load. In a post last November, Smith wrote about our corrupt society:
If the citizenry cannot replace a dysfunctional government and/or limit the power of the financial Aristocracy at the ballot box, the nation is a democracy in name only.
In other words, if the citizenry cannot dislodge a parasitic, predatory financial Aristocracy via elections, then “democracy” is merely a public-relations facade, a simulacra designed to create the illusion that the citizenry “have a voice” when in fact they are debt-serfs in a neofeudal State.
In other words, the Financial Aristocracy asserts its interests over the 99% and then buys the complicity of the bottom 60% with largesse paid for by the top 19% of earners.
In this facsimile democracy, citizenship has devolved to advocacy for a larger share of Federal government swag. The U.S. Status Quo rules via the second-order corruption of financial Aristocracy and Tyranny of the Majority
This morning I received an email from a good friend who alerted me to the fact that Mark Levin, who apparently agrees that America will not be saved at the ballot box, is coming out with a new book in August titled The liberty Amendments: Restoring The American Republic. You can read an introduction to the book here. Levin, relying on Article 5 of the Constitution is calling for a convention of conservative states (Not a Constitutional Convention) but to amend the constitution. Article 5 includes language that says if 2/3 of the states (34) agree on amending the constitution, Congress must send the proposed amendments to all state for ratification. It requires 3/4 of the states (38) to ratify the amendments before they become part of the law of the land.
obviously, Mr. Levin wants to sell books so he does not tell us what his “Liberty Amendments” are. But, whatever they are, getting 34 states to agree on what they should be and 38 states to ratify them is going to be a herculean task. I wish him well!
I think the Titanic has to be sinking before people will begin to think about saving themselves.
Well, that’s what I’m thinking. What are your thoughts?