Saturday, August 23, 2008

I.O.U. Unwealthy America

The $52 trillion "public" debt "we" Americans owe is not because we Americans do not save enough as billionaires are telling us. It is because the "savings" is oversurplused into the hands of the billionaires. The savings has been consolidated into the "private" property of a few wealthy individuals and families. The consolidation of the wealth is the problem. Deconsolidate the wealth and the problem is solved.

The wealthy very clearly owe a huge debt to Unwealthy Americans. It is time to pay it.

Instead of value produced being surplused for reinvestment, it has been consolidated into personal property to deprive. If the investment of the savings (the capital) was adequate, why is there this huge debt? This inadequacy, this mismanagement of our resources, is measured at $52 trillion! Even more absurd is the mismanagers telling the highly productive managed that they are the problem because they are not saving enough. The mismanagers may want to try adequate compensation without it being monetized into a "public debt" to cure this problem. Very simple!

The capital, the savings, does not have to be consolidated and unaccountably mismanaged into a $52 trillion debt that for the unwealthy--the vast majority of Americans--is an aggregate measure of being enslaved to share in a productive value that primarily belongs to you!

That gigantic public debt is a measure of private property--the wealth you produced--that largely belongs to you.

For the vast majority of Americans, you do not owe the debt, the debt is owed to you!

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