House of Paine

rentier tax and real rates of interest

eve has a few
self organizung 
 planks 
to throw down
     below
 my wealth tax:

  


=======================



whats the use 
 of a  real  
       after inflation adjusted
              rate of interest ?

is it a guide?

need it be positive ?

what dtermines its long run path ?

nice questions
to know an answer to
if you want to topple wall street 

but today lets just
try answering 
 a side show question

why not make 
the rentier game
      zero  sum?

ie tax away
       the risk min
               real rate of interest 

----------------

right off the bat:

when 
paid out 
 to a pure rentier 
a 
real rate of return
(one adjusted for inflation)
 on  capital 
lent to uncle sam
is 
a rip off for sure 

as pink here himself 
     once wrote 

"interest income
from a bundle of T bonds
flowing to me as 
         a  trust fund 
              radical  rentier
is merely 
my  winnings 
    as 
 a dumb lucky 
    born into the right household
                   ticket holder"

from
'kill all rentiers' 
  by comrade
            paine (mayday  1979 )


-------------- indeed ------------------
         

" the   real rate of interest 
 over time 
 reflects rather well 
the movements 
of real rate 
       of   average growth 
                      in  
             labor's social productivity.......                         

the  expropriation of some or all 
       of this growth
                 by capital
          obviously keeps the interest rate 
different and the ratio between them in motion "

                                pinkerton p paine 
                          'capital markets offended'
                                           october 28  1979 
                 
---------- rather a mouth full 
but   nearly correct .... --------------------


----------------
 in short
start off by 
thinking
in  labor hours 

" money on hand
    at any given time
 is an entitlement
right then and there
 to so many 
      socially necesssary labor hours 
embodied
in  any market availible
       useful product "
                   pandora paines 
                    " notes on product markets "1999

--------------------------------------
heres a poser

if i put my  money aside 
and sleep for twenty years
when i wake up
      whats fair game?

should i get the same products 
         in exchange
 as i would have back when?

or now twenty years later 
given
 the change in output 
per hour of labor 
should i get to exchange 
at the new  more products per rate ?

to me this is obviously  not worth answering

but in reality 
if 20 years back
 i'd put my dollars
in a bond fund ira
i'd prolly at least get the new average 
right ?

why ?

cause 
its possible
its pro burger - cap 
and
since
this is  a burger  set up 

we got it baby !!!!!!!!!


and all this
while still 
wagering the hands enough 
to keep em comin back 
in large enough numbers
to keep em down

this 
alows the system
to  reward her goatish  enterprisers
 for their  above average
       labor saving innovations 

and keep the sheepish rentiers 
in a level field of clover 

--------------------------------- 

to jump ahead before my horse dies...


rentiers are like
the mystery meat 
version 
of 
todays  SSI beneficiaries

over all
their T bond bound 
           capital stock 
(SSI VIRTUAL ANNUITY )
gets adjusted 
to the new higher
          productivity 
                  per 
         hour  of social labor                              
-------------------------------------

NOW WE COULD TAX THIS AWAY 
OF COURSE 
FORCE THE RENTIERS TO MAKE IT
FROM HERE

 ON ONLY RISK AND INFLATION 
ADJUSTED SAVINGS ALONE 
NO PRODUCTIVITY INDEX

HEY THATS WHAT GREENBALLS WANTS
TO DO  FOR THE 18-55 WAGERY RIGHT 
CUT THE PRODUCTIVITY INDEX OUT OF THEIR 
FUTURE SSS PAYMENTS ?