Rent Seeking System
As the world approaches the next dip in the Depression I've been pondering my economic life. I've arrived at the conclusion that I really don't own much of anything. So what have I got to lose?
The biggest icon of the american dream has been home ownership. It was considered a statement of your arrival as a successful american adult. It held and represented your wealth and was liquid in the event of trouble. But is that still true? Do you really possess wealth by owning a home? Since the Depression began in 2007 the value of a home is indeterminable. Basically you are paying rent to a bank, the government and insurance company for a place to live.
Automobiles have also been an icon of american society that demonstrates if you are a winner or loser. They never have held value as well as a home but they were good liquid wealth. But most people are basically renting their automobile from the bank, government and insurance company just like their home.
Insurance and investments are rented hope that you can survive trouble. Banks, government and insurance companies will allow you to rent some hope so long as you can pay. There is no guarantee that hope will come but you can hope for hope so long as you pay the rent. Even churches seek insurance rents for hope through tithing.
Entertainment and communications are rented monthly through telecable, satellite and telephone companies. We pay enormous fees to know what's going on in the world, amusement and to keep in touch with people. Government also benefits from taxing these rents and controlling the goings-on of communication.
What do we buy and own, at least for a while? Fuel and food., some clothing and furnishings, and maybe a few trifles for hobbies and amusement. Mostly their value is fleeting or nothing once we take them into possession. In times of trouble their liquid value is zero to banks, government, insurance companies and our fellow renters.
So we rent our lives, so long as we can pay. Once we can't work and pay, our rented lives revert to owner. Who are these rent seeking owners? Banks, governments and insurance companies. In fact they are the same owner, a System where all three entities work together to set up rented lives for everyone...for a fee.
Who is free of the rent system? Only the homeless.
An ancient Irish proverb states that "a man starts out wanting to own a few things and they end up owning him. Tis better to own just a few precious things that you can carry yourself rather than many things that you continuously have to protect"....from the rent seeking System.
The biggest icon of the american dream has been home ownership. It was considered a statement of your arrival as a successful american adult. It held and represented your wealth and was liquid in the event of trouble. But is that still true? Do you really possess wealth by owning a home? Since the Depression began in 2007 the value of a home is indeterminable. Basically you are paying rent to a bank, the government and insurance company for a place to live.
Automobiles have also been an icon of american society that demonstrates if you are a winner or loser. They never have held value as well as a home but they were good liquid wealth. But most people are basically renting their automobile from the bank, government and insurance company just like their home.
Insurance and investments are rented hope that you can survive trouble. Banks, government and insurance companies will allow you to rent some hope so long as you can pay. There is no guarantee that hope will come but you can hope for hope so long as you pay the rent. Even churches seek insurance rents for hope through tithing.
Entertainment and communications are rented monthly through telecable, satellite and telephone companies. We pay enormous fees to know what's going on in the world, amusement and to keep in touch with people. Government also benefits from taxing these rents and controlling the goings-on of communication.
What do we buy and own, at least for a while? Fuel and food., some clothing and furnishings, and maybe a few trifles for hobbies and amusement. Mostly their value is fleeting or nothing once we take them into possession. In times of trouble their liquid value is zero to banks, government, insurance companies and our fellow renters.
So we rent our lives, so long as we can pay. Once we can't work and pay, our rented lives revert to owner. Who are these rent seeking owners? Banks, governments and insurance companies. In fact they are the same owner, a System where all three entities work together to set up rented lives for everyone...for a fee.
Who is free of the rent system? Only the homeless.
An ancient Irish proverb states that "a man starts out wanting to own a few things and they end up owning him. Tis better to own just a few precious things that you can carry yourself rather than many things that you continuously have to protect"....from the rent seeking System.
posted by lugh lampfhota at 11:20 AM
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