The Demand Subsidy Act

The Demand Subsidy Act

Several years ago I wrote the Demand Subsidy Act. This act would impose a 1.5% tax on each Wall St. transaction and accrue said funds into a special “DEMAND SUBSIDY ACCOUNT,” whereupon said funds would be distributed weekly to each person in America of age.

Such an arrangement would create the biggest economic boom and job creation in the history of the U.S.

No doubt about it. How? Here’s how our economy is supposed to work: Demand Buys Products; the More Demand, the More Product Purchases; the More Product Purchases, the More Manufacturing; the More Manufacturing, the More Jobs; the More Jobs, the More Income; the More Income, the More Demand, and so forth.

Consider how retail industry salivates over the approaching holidays and how they calculate profits based on increased DEMAND. Instead of temporary DEMAND increases during the holidays, imagine the economic BOOM created by an endless weekly infusion of DEMAND into our economy. Again, I predict the biggest economic boom ever IF the DEMAND SUBSIDY ACT is ever implemented.

I don’t believe Democrats or Republicans will ever pass such a bill. I believe We The People need to stop holding an American Idol Contest every four years, step away from candidate-based politics and move toward agenda-based politics; that’s what the BIG CORPORATIONS DO; they don’t worry too much about which individuals are elected, because they know they SPEND THEIR MONEY TO FORCE THEIR AGENDA THROUGH CONGRESS.

I’ll support and fight for an agenda, but I sure as hell don’t want to waste my time AGAIN voting for a toothy, free-wheeling candidate who is NOT subservient unto a real, solid enumerated agenda.



Is Wall St. Rigged? You betcha – at the speed of light, literally! To the Tune of $150 Million per Millisecond!

Four years ago Chris Christie, the governor of New Jersey, abruptly canceled America’s biggest and arguably most important infrastructure project, a desperately needed new rail tunnel under the Hudson River. Count me among those who blame his presidential ambitions, and believe that he was trying to curry favor with the government and public-transit-hating Republican base.

Even as one tunnel was being canceled, however, another was nearing completion, as Spread Networks finished boring its way through the Allegheny Mountains of Pennsylvania. Spread’s tunnel was not, however, intended to carry passengers, or even freight; it was for a fiber-optic cable that would shave three milliseconds — three-thousandths of a second — off communication time between the futures markets of Chicago and the stock markets of New York. And the fact that this tunnel was built while the rail tunnel wasn’t tells you a lot about what’s wrong with America today.

Chicago-to-Newjersey


Spread Networks literally forged a new path to reduce the distance from New York to Chicago to 825 fiber miles including slack coils – the straightest and shortest route possible.

Spread Networks utilizes “TrueWave RS Fiber” from OFS, a state-of-the-art and industry standard fiber. The optical amplification facilities are spaced 120 kilometers apart to minimize the amplification and regeneration required, significantly lowering network latency and the cost of optical equipment needed to light the fiber.

Given our customers demanding needs for security and reliability, Spread Networks goes above and beyond the traditional approach to network monitoring and management. Each colocation facility features fully redundant environmental, electrical and security systems (take a tour of collocation facilities here) and is manned during business hours by our skilled technicians. The network is monitored 24/7/365 from the Spread Networks network operations center in Atlanta, Georgia. In addition, each route segment is driven daily to proactively monitor for threats to the network. Network reliability and security is our first priority.

Who cares about three milliseconds? The answer is, high-frequency traders, who make money by buying or selling stock a tiny fraction of a second faster than other players. Not surprisingly, Michael Lewis starts his best-selling new book “Flash Boys,” a polemic against high-frequency trading, with the story of the Spread Networks tunnel. But the real moral of the tunnel tale is independent of Mr. Lewis’s polemic.

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“We’re giving huge sums to the financial industry while receiving little or nothing — maybe less than nothing — in return. Mr. Philippon puts the waste at 2 percent of G.D.P. Yet even that figure, I’d argue, understates the true cost of our bloated financial industry. For there is a clear correlation between the rise of modern finance and America’s return to Gilded Age levels of inequality.

So never mind the debate about exactly how much damage high-frequency trading does. It’s the whole financial industry, not just that piece, that’s undermining our economy and our society.” – Paul Krugman

The FBI is investigating high-speed Wall Street traders for possible insider dealing>>>/font>

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Robert Reich Says:

More Americans than ever believe the economy is rigged in favor of Wall Street and big business and their enablers in Washington. We’re five years into a so-called recovery that’s been a bonanza for the rich but a bust for the middle class. “The game is rigged and the American people know that. They get it right down to their toes,” says Senator Elizabeth Warren.
Which is fueling a new populism on both the left and the right. While still far apart, neo-populists on both sides are bending toward one another and against the establishment. […]

1. Cut the biggest Wall Street banks down to a size where they’re no longer too big to fail. Left populists have been advocating this since the Street’s bailout now they’re being joined by populists on the right. David Camp, House Ways and Means Committee chair, recently proposed an extra 3.5 percent quarterly tax on the assets of the biggest Wall Street banks (giving them an incentive to trim down). Louisiana Republican Senator David Vitter wants to break up the big banks, as does conservative pundit George Will. “There is nothing conservative about bailing out Wall Street,” says Rand Paul.

2. Resurrect the Glass-Steagall Act, separating investment from commercial banking and thereby preventing companies from gambling with their depositors’ money. Elizabeth Warren has introduced such legislation, and John McCain co-sponsored it. Tea Partiers are strongly supportive, and critical of establishment Republicans for not getting behind it. “It is disappointing that progressive collectivists are leading the effort for a return to a law that served well for decades,” writes the Tea Party Tribune. “Of course, the establishment political class would never admit that their financial donors and patrons must hinder their unbridled trading strategies.”

3. End corporate welfare – including subsidies to big oil, big agribusiness, big pharma, Wall Street, and the Ex-Im Bank. Populists on the left have long been urging this; right-wing populists are joining in. Republican David Camp’s proposed tax reforms would kill dozens of targeted tax breaks. Says Ted Cruz: “We need to eliminate corporate welfare and crony capitalism.”

4. Stop the National Security Agency from spying on Americans. Bernie Sanders and other populists on the left have led this charge but right-wing populists are close behind. House Republican Justin Amash’s amendment, that would have defunded NSA programs engaging in bulk-data collection, garnered 111 Democrats and 94 Republicans last year, highlighting the new populist divide in both parties. Rand Paul could be channeling Sanders when he warns: “Your rights, especially your right to privacy, is under assault… if you own a cellphone, you’re under surveillance.”

5. Scale back American interventions overseas. Populists on the left have long been uncomfortable with American forays overseas. Rand Paul is leaning in the same direction. Paul also tends toward conspiratorial views about American interventionism. Shortly before he took office he was caught on video claiming that former vice president Dick Cheney pushed the Iraq War because of his ties to Halliburton.

6. Oppose trade agreements crafted by big corporations. Two decades ago Democrats and Republicans enacted the North American Free Trade Agreement. Since then populists in both parties have mounted increasing opposition to such agreements. The Trans-Pacific Partnership, drafted in secret by a handful of major corporations, is facing so strong a backlash from both Democrats and tea party Republicans that it’s nearly dead. “The Tea Party movement does not support the Trans-Pacific Partnership,” says Judson Philips, president of Tea Party Nation. “Special interest and big corporations are being given a seat at the table” while average Americans are excluded.



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FROM FACEBOOK

Steve, I know you mean well and are very smart, but I want you to think and comment about the following, because I believe you will agree with me:

The rich have created an economic disparity and social barrier so stringent, anything less than WEALTH DISTRIBUTION is smoke and mirrors. AND THAT’S WHY I wrote and recommend the Demand Subsidy Act; I say WEALTH DISTRIBUTION instead of WEALTH RE-DISTRIBUTION because wealth has never been distributed in the first place.

Many people’s initial reaction may not be unlike FOXNEWS’ – “Red Chinese Communist Socialism.”

The truth is, if a small tax was imposed on each Wall St. transaction and those funds accrued into a DEMAND ACCOUNT to be distributed weekly to each person of age in America, such an arrangement would create the biggest economic boom and job creation in U.S. history.

I challenge anyone, any economist to prove me wrong!

http://citizenagenda.com/the-demand-subsidy-act

The Demand Subsidy Act » Citizen Agenda
citizenagenda.com
No doubt about it. How? Here’s how our economy is supposed to work: Demand Buys …See More
10 mins · Like · Remove Preview

Ron Citizen Education will NOT significantly decrease or diminish the SUPREME economic disparity the poor and middle class suffers under.
8 mins · Like

Ron Citizen The current education system guarantees its victim one thing: A BIG, GIANT YOKE AROUND YOUR NECK for the rest of your life. Student loans exceed ALL CREDIT CARD DEBT in America.
7 mins · Like

Ron Citizen STOP PLAYING THE GAME AS IS, AND CHANGE THE GAME!! That’s the REAL NAME OF THE GAME!
6 mins · Like

Ron Citizen ONE PERCENTERS: “oh great, they’re raising money for education, that’s mo money for THE ONE PERCENT.”
5 mins · Like

Ron Citizen Get your pen, pencil, typewriter, chalkboard and write this down:

“Anything, ANYTHING LESS THAN wealth distribution as I have described, WILL NOT save the middle class and poor from further economic erosion and degradation; not “yoke education,” not “shitty jobs” “more “training,” NOTHING, NOTHING will save the Middle Class and Poor OTHER THAN WEALTH DISTRIBUTION.

Greed in capitalism has reached critical mass, if you haven’t noticed.
53 secs · Like

Ron Citizen It’s hard to make chicken salad out of a shit sandwich.
2 secs · Like

Ron Citizen UNLESS YOU CHANGE THE GAME, when you die, the FATCAT ONE PERCENT will still be living in the Big House on the Hill, and YOUR CHILDREN will still be washing their feet for their entire lives.

1 comment

  1. Jack Quinn

    I was in favor of this from the time I first heard of it.

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