Billionaires: You are a DEADWEIGHT LOSS
One should listen when an old dog barks..........Norse Proverb
DEADWEIGHT LOSS is a thing in economic theory. It occurs whenever an obstacle of some sort interferes with market forces of competition and efficiency.
DEADWEIGHT LOSS represents the business opportunities not taken and jobs not created due to that interference. Billionaires contribute to the economic losses to the extent they prevent competition to their market position.
Such losses harm the National Security of the United States by making the economy weaker.
Some Billionaires actively seek to harm the economy and expand our Deadweight Loss by preventing competition from new companies; yet, our economic growth requires that new companies are formed.
Many Billionaires can, and do, so direct our national political and security interest structures to serve their personal accumulation, to the direct harm of the National Security of the United States of America.
[In case you don't know about Ray Dalio and Greed Amok, some background is here:
Some Billionaires may try to rationalize their greed by telling themselves that they are just the winners in a competitive game.
But, we all know that excuse is BULLSHIT, plain and simple.
Here is reality for many Americans:
There is no effective Safety Net. 6 in 10 Americans don't have $500 in savings
Without a safety net, when Americans fall, we keep falling into the whirlpool of despair. The Whirlpool is always ready to suck us in; it makes us afraid.
Our Founders lived in mostly farming and rural communities where people grew their own food and had family and friends around to gather together when trouble came.
Today, we are siloed and atomized. We react to media and distant situations while we ignore what is in our sight.
The Federal Government is supposed to prevent active harm to Americans. Billionaires actively lobby to prevent the government from expanding the Safety Net.
Taken together, Billionaires concerted actions work to prevent an effective American safety net. This lack of a safety net contributes to American malaise and despair.
History instructs us that we have limited options.
Option 1: Do nothing and wait for the inevitable violent reaction; or,
Choice 2: Instruct your political minions to approve an effective Safety Net for the population you have impoverished, who are also known as 'the rest of us.
Here are links to three articles describing the situation in detail:
Billionaires acting in concert can provide a decent safety net to Americans. AND, once it takes effect the additional GDP growth will give the Billionaires even more wealth than now.
It's very easy: Tell your minions in Congress to stop blocking any and all safety net legislation.
As an example, Nordic countries take collective responsibility for their citizens and provide a real safety net. As a result, they enjoy peaceful prosperity, mostly paid for by taxes on Billionaires.
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