Reparations, not a tax increase

During the course of the last three decades a small group of people have changed laws, tweaked those left unchanged, emasculated attempts at regulating their actions, created falsely based wars and a fictional economy. In the process they transferred an unprecedented share of wealth from 95% of us to the top 5%, themselves. A false economy was created in which people were paid incredible sums for producing nothing more than imaginary money. Then the house of cards started a full on collapse and that 95% was forced at gunpoint to go in debt to bail the 5% out. It is time for reparations.

It is time that the 5% and all the others who gained obscene wealth and profit during this period to repair the consequences of their greed. Most retain significant portions of that wealth and now chant “no new taxes” at the rest of us as though it were a political philosophy instead of the rape and pillage of us that it is in truth.

I won’t argue it was done illegally, for the top accumulators of wealth make the laws, so they don’t need to act illegally when they steal from our pockets. They just make it legal to do so.

But I will argue that the repair of our economy should come from their pockets, not ours. Yes, we are owed reparations for the moral crime of theft from the poor and middle classes. Yes, some us are complicit in that we bought into the fantasy of gaining money by what amounts to gambling, but most of us have nothing to show for it but ruined credit, lost jobs and foreclosure notices.

Yet those who gained the most feel they owe nothing back, that they have simply acted as good capitalists and are exempt from any debt to us. In any just world, they would be in prison for crimes against humanity. But this is not a just world, so I simply call for them to pay reparations — a tax sufficient to pay off the insanity of TARP and other bailouts, a tax sufficient to fully fund Social Security and Medicare and then extend health coverage to all Americans.

They owe us for the suffering we now endure financially, emotionally and politically. They owe us for not only gaming the system with frauds such as derivatives but also for fooling us into paying for a war we did not need and plainly could not afford.

Just to make sure all this does not offend the sensibilities of the “no new taxes” crowd, it won’t be a tax, it will be reparations.

That’s right, you owe us.


  1. MightyMo

    What’s worse in my opinion is that our tax code is a complete fiasco. I can’t begin to imagine how much is lost through cheating, and how much more is lost through personal and government implementation of the tax code.
    Just the thought of not having to file taxes or fund the IRS monster makes me think that a tax overhaul and implementation of a “Flat Tax” would be the place to start.
    But recently I read, maybe here on CHB, that there is talk instead of a VAT. Although we are in such a bad state that all options should be evaluated, I think that at this point a drastic reassesment is vital and that a VAT is the typical government unwillingness to do what it must by taking the easy way out; which I might add rarely ever works in the long run.

  2. Phil Hoskins

    I mentioned no party and as far as I can tell, both parties share in setting this debacle up. My point has nothing to do with anything yous said, but is very simple:

    We had to bail out those who had crashed after gorging themselves with excess profits. So those who profited should pay for the bail out, not our children’s children.

  3. issodhos

    Once the code is deciphered and the obscurantism is cleared, it seems all that is being said here is the same old New Left cant, which is basically “It started with electing Reagan and it is all his fault. The richest folk are getting richer by “stealing” from the poor folk. Things were hunky-dory before “they” got into power and “we” must be restored to that state of hunky-doryness while implimenting a transformational society that will fulfill the dreams of all those collectivists upon whose toes we stand, today. The solution is to tax “them” so “we” can get back what “they” took from “us”, but call it something else like .. oh .. reparations — yeah, that’s the ticket…that’ll work … reparations. Of course, what goes unsaid is that it took a collaboration between Democrats and Republicans, American leftists and American rightists, and all manner of other collectivists to get the country into the state it is in today.;-)
    Yours in a laid-back, easygoing, live-and-let-live mood,

  4. issodhos

    It was not necessary for you to mention a party, since your first paragraph began with, “During the last three decades…”, which presents a time frame that begins just before President Reagan was elected.

    I am glad that you agree that it was a combined effort that took us to the state we are now in, but in order to get a better handle on a time frame you would have to go back at least an additional seven decades.

  5. almandine

    A laudable message, Phil, and one not without implicit action.

    Only once it seems was “taxation without representation” a rallying battle cry, as taxation is generally a well-accepted income redistribution scheme. There’s rarely even a thought given to legitimacy – just let me think you’re doing it for me.

    But reparations? Oh boy! We’ve been screwed ya’ll – by definition. Lets get the bastridges and get what’s rightfully ours. It IS ours you know.

    The stuff of revolutions.

  6. bryan mcclellan

    With reasoned action at an even tone, coupled with all measure of the facts you put forth Phil, it will be impossible for media pigeonholing to label our cause as anything but just and logical.

    Vive le Revolution..

  7. woody188

    That first paragraph Phil officially makes you one of us. Now you’ll be attacked as a conspiracy theorist and told you are delusional. Don’t get distracted by them and don’t lose sight of the prize. We will prevail.

    Our Liberties We Prize and Our Rights We Will Maintain

  8. DejaVuAllOver

    These guys have big plans for us, too. They need us. Specifically, to do their fighting. A population that is hungry and angry will be far more likely to do their dirty work in the Middle East. They’re already mad we haven’t attacked Iran, yet. Unfortunately, their tactics have worked very well, for a long time, but most successfully in the last century.

    Vive la Revolution. And (ideological) Death to the Reptiles.

  9. gazelle1929

    These guys. They. Their fighting. Their dirty work.

    Who ARE these people? Give us some names. Give us something to think about besides “they.”

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