Class Warfare Blog

October 3, 2018

The War with the Parasite Class

Another important post over at Ian Welsh’s website is well worth reading:

How Over-Priced Is the US Housing Market?

Here is just a taste of the tone of the article:

“Parasitical economies, and most developed countries have one, exist by immiserating people.

“This is the real reason for the current push for basic income: the parasite class is scared they may be about to kill the host, and want a government infusion to keep the poor and the (reduced) middle class stumbling on.

“I don’t oppose a basic income, but understand that billionaires aren’t supporting it out of the goodness of their hearts. They expect to take every cent the government gives you.”

 

10 Comments »

  1. I’m not sure I’m understanding this. Is the idea that the government infuses poor people with money so rich people can take it from them?

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    Comment by John Branyan — October 3, 2018 @ 8:10 am | Reply

    • I believe his point is that the rich will allow a basic income for poor people to be established by law because they have plans on how to reap those funds, through increased rents, housing costs, etc.

      You will notice that now that the rich have discovered how to carve out a substantial amount of the money spent on public education (through charters and vouchers) that there is no longer any decrying of property taxes, the tax vehicle through which schools are typically funded. (Also note that whether or not a charter schools is “for profit” is irrelevant because many of the “not for profit charter schools” hire management companies to run the schools for them. The management companies, not coincidentally run by the charter operators are “for profit” and pay their management (aka the charter operators, yep the very same people) very extravagant salaries, often higher than superintendents of whole districts make on the public side. While some of these efforts are well-intended, many, many of them are basically smash and grab opportunities to suck money out of school districts coffers.)

      On Wed, Oct 3, 2018 at 8:10 AM Class Warfare Blog wrote:

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      Liked by 1 person

      Comment by Steve Ruis — October 3, 2018 @ 8:32 am | Reply

      • “I believe his point is that the rich will allow a basic income for poor people to be established by law because they have plans on how to reap those funds, through increased rents, housing costs, etc. ”

        The government gets the resources to provide basic income from taxes which are paid by rich people. It’s a gigantic circle, right?

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        Comment by John Branyan — October 3, 2018 @ 9:16 am | Reply

        • Yep, the rich people get their taxes back, the poor get essentially nothing.

          On Wed, Oct 3, 2018 at 9:16 AM Class Warfare Blog wrote:

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          Comment by Steve Ruis — October 3, 2018 @ 11:40 am | Reply

          • Are you opposed to the idea of a basic income? If so, how do you think wealth should be redistributed?

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            Comment by John Branyan — October 3, 2018 @ 11:44 am | Reply

            • Right now I am leaning toward a job guarantee as opposed to the basic income. I don’t have strong opinions right now, as legislation hasn’t been drafted and as we know, sausage making is a cleaner process.

              On Wed, Oct 3, 2018 at 11:44 AM Class Warfare Blog wrote:

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              Comment by Steve Ruis — October 3, 2018 @ 12:01 pm | Reply

  2. So, parasites are people too? Ha! Excellent observations Steve. These things are planned well in advance of our knowing. We play reactionary politics and think we’ll make a difference wound in debate of something decided 20 or 30 years ago.

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    Comment by jim- — October 3, 2018 @ 11:38 am | Reply

  3. Some of the money would go to the rich. Much if not most would go to Asia and Mexico to buy products. That does not help us a lot.

    Jobs would be good rebuilding abc building infrastructure. We are getting behind in that area. But most of theses people already have jobs. They need a supplemental to their income. We are doing some supplements now with food stamps, rent subsidies and other things.

    Like

    Comment by Old Guy — October 3, 2018 @ 12:29 pm | Reply

  4. There are tons of reasons why houses are so expensive – some of the fault lies with speculators and others trying to extract profits at every step of the home-ownership and maintenance, but a part of the blame lies with the homeowners and at various levels of government: for example, suburbs with good schools usually have zoning restrictions that require a minimum lot size and restrict multi-unit housing. And why do towns do that? Because the homeowners in the town do not want the prices of their homes to be lowered by the abundance of cheaper multi-unit housing in their town (and, by the way, those homeowners generally aren’t themselves anywhere close to 1%). And whether the schools are good or bad have to do with how the school funding is set up by the various levels of government, and by the subsequent sorting of the parents and kids into those who are more invested in their kids education and have the desire and resources to send them to better schools, and those who lack either the interest or the money (or both) for a better school district.

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    Comment by List of X — October 3, 2018 @ 9:34 pm | Reply

    • The reference made in the article is not about the high prices of houses but the interesting practice of banks buying up housing at pennies on the dollar after the housing collapse and then holding them off of the market. A great many of the houses “foreclosed” on were they to be placed in the market would drive the prices of houses much lower, which would make mortgages much lower, which would disadvantage mortgage lenders. So, the “let the market decide” folks, you know the ones with all of the money, are entirely willing to let that happen … except when it negatively affects their bottom line then it is: manipulate. manipulate, manipulate.

      Like

      Comment by Steve Ruis — October 4, 2018 @ 7:46 am | Reply


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