Bob Lord ends with:
“Possible? Yes, but it will take a revolution.”
i appreciate Lord’s assertion that only a revolution can address the gross “income inequality” and “wealth disparity” that epitomize the intentional structure of the present-day economy.
But any such revolution needs to go beyond the adjustments to tax policy that Lord proposes:
- “abandon the policy of taxing investment income… far less heavily than income from labor”
- “increase the top marginal income tax rate substantially for those with huge incomes”
- “loopholes in the estate tax system… must be closed and the top estate tax rate increased”
We need to go deeper than restructuring tax policy. We need to restructure the “ownership” of land, “resources,” and labor.
Who “owns” any piece of land? What is the history of “title” to that “property”? It all goes to seizure, theft, “enclosure,” and colonization. Can we take an entire construct built on criminal looting, operated by and for the criminal looter class, and make it “just” for everyone, by ad-just-ing tax policy?
We need to go deeper, to the legacies of “discovery,” colonialism, and “primitive accumulation” that form the foundations of “the economy.”
The looting class now claims “ownership” of DNA and life forms. The looting class now claims “ownership” of minerals in the asteroid belt. The claims of the looting class will stop at nothing. The entire construct must be stopped. The foundation must be unbuilt, the roots uprooted, of this “looters claim” to “own” everything.