Norway's "Sovereign Wealth Fund" Owns About 1.5% Of Every Publicly Traded Company In The World
If you don't believe this claim, here is a brief video explanation of how it happened, plus Google AI's validation of the video's content.
Video about Norway's Sovereign Wealth Fund
https://www.facebook.com/reel/1537857818009298
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Google AI's Validation Of The Claims Made In The Above Video
https://share.google/aimode/araVAhCVexwpMekbJ
Design scientist and philosopher (of "the intersection between technology and theology"), Buckminster Fuller, observed "You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete."
This post which feels to me like the most important political document I have ever written probes the "new model" which makes the old model ridiculous, and does so in a way that everybody can understand the prevalent absurdity of what has "always" passed for inalterable reality.
If you disagree, please make your argument and send it to me: alanarchibaldo@gmail.com
"The Roosevelts: An Intimate History," AI Google Overview: https://share.google/aimode/oLdEVr9fIVbgdPQ55
PBS Overview Of The Roosevelts: An Intimate History - https://www.pbs.org/kenburns/the-roosevelts/about
"The Roosevelts: An Intimate History," Wikipedia: https://en.wikipedia.org/wiki/The_Roosevelts_(miniseries)
"The Roosevelts" explains how FDR, inspired by the progressive politics of his 5th cousin, President Teddy Roosevelt, decided that government must not stand idly by while American oligarchs, plutocrats and kakistocrats prolong the ruse that "real Americans" must lift themselves up by their own bootstraps.
FDR asserted that Human Well-Being is a human right. https://share.google/aimode/eDG6S4xyg14mAnrzb
And Franklin "welcomed the hatred" of the "economic royalists" who wished to roll back his democratizing accomplishments, just as the current Republican Party is entirely dedicated to doing.
Text of Roosevelt's "I Welcome Their Hatred" speech: https://www.minnpost.com/politics-policy/2009/05/fdr-madison-square-garden-1936-forces-selfishness-and-lust-power/
Video of Roosevelt's "I Welcome Their Hatred" speech: https://www.youtube.com/watch?v=IjSTQwamo8M
If you don't have time to watch all 14 hours (as I have now done twice), just watch Episode #5.
Trump is a malefactor of great wealth.
And in light of this fact, I'm going to get into the faces of my fellow liberals and progressives.
The Democratic Party has become effete because it lacks sufficient courage to say, "We welcome your hatred."
Trump won the Oval Office twice because he knew that people were REALLY ready to shake things up.
We liberals and progressives need to take that very maneuver from Trump's playbook in order to propose a seismic shakeup in American governance, primarily by recognizing that we have always lived in an oligarchy with democratic trappings, but now have devolved into a plutocracy-kakistocracy which life-long conservative David Brooks has categorize in the following words:
Here is the staggering, amount of wealth that America's richest 10% have sequestered for themselves since Donald Trump first took office.
AI Overview: https://share.google/aimode/WfvPdL0Uzc1laoFwf
This is more obscence than pornography.
What's more Trump is proud of his greed, eagerly admitting that he "loves money."
"The Love Of Money Is The Root Of All Evil" - An Open Invitation To Christian Conservatives
And here's is a compendium of the second-worst evil Trump has normalized.
The Normalization Of Cruelty During Donald Trump's Administration: A Compendium
And here is what America's Unbridled, Cowboy Capitalism has wrought:
Enough!
Let the mofos know that they've been found out and that they are dedicated 24/7 to killing EVERYTHING meaningful in "The American Dream."
And we don't spread the word, it is because each of us is a c____d.
A clue!
The word is not cyanid.
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How To Make A Millionaire Of Every Person Living In Poverty As Norway Has Already Done
I had a brainstorm today.
There are several interrelated parts to my brainstorm.
Although the ultimate goal of my proposal is to eliminate poverty - and in the process make the United States more prosperous place - it will be First necessary to the wealthy in a roundabout way.
Clearly, the wealthy - and even more so ultra-wealthy billionaires - refuse to be taxed in any meaningful way (which, by my lights, means taxing their unrealized capital gains).
My immediate thought was that nobody can spend $1 billion in our lifetime, And so my initial impulse was to tax the welfare money they have excess of $1 billion.
But the welfare are powerful enough to ensure that this real allocation of wealth is a non-starter.
And so let billionaires keep all of their money, but with the obligation that they use their net worth in excess of $1 billion (or one billion per child) to play the same financial games they always play, which is to say they will use their excess capital to invest as they see fit in order to make more money.
Billionaires have far more than enough money to purchase the necessities of life with the "lone" billion that is "left," even after devoting their supernumerary billions to grow "The General Welfare." (The preamble to the Constitution -- which is, in effect, the mission statement of the Constitution -- reads:
Note that the Preamble even uses the dread word, "welfare."
In any event, there will be no interruption in the way billionaires live their lives, as they go about their customary business of accumulating even more money.
Money accumulation is The Game they play.
So let them play it.
After all, they’re good at it.
However, when they die, only $1 billion devolves to each of their blood heirs, whereas all the rest goes to a federal government fund that would be used to finance "the infancy accounts" of all American newborns.
Senator Corey Booker has long been a proponent of these infancy accounts, and in the last year Donald Trump himself has created an account of similar type, called "Trump Accounts."
Corey Booker's "Baby Bonds": https://share.google/aimode/s3gYFropLykS0rvhj
Kiplinger Magazine calls "Trump Accounts" "no-brainers": https://www.kiplinger.com/personal-finance/savings/trump-accounts-how-to-apply
These Baby Bonds - financed by the federal government which deposits into them at regular intervals, take advantage of what is often called “the miracle of compound interest.”
Here is what happens by virtue of this “miracle.”
When $250,000.00 is deposited into each newborn’s "savings account" with a 6% interest rate, that initial deposit will make each and every child a millionaire by age 23.4. Here's the math: https://share.google/aimode/btjhziYpfvmv6aRM9
Keep in mind the annual cost of imprisoning that 3% to 4% of the population currently behind bars is in a country where "the average annual cost for keeping a prisoner behind bars is $46,411 per year, while the state average is roughly $45,000 to $50,000 per year, with individual states ranging from $23,000 to over $130,000.
Here's the math: https://share.google/aimode/2PTgoZ2IkWS0FaZA8
Here's the imprisonment math: https://share.google/aimode/DU2UQybKIrpcpyWFD
And note well that this 3% to 4% imprisonment rate for poor people is seven (7) times higher than the imprisonment rate for the general population.
If, as the statistics indicate, we were to lower the imprisonment rate by 14.3%, most impoverished prisoners will no be a drain on government budgets by requiring social services, nor will they be inclined to live lives of crime to insure the survival of themselves and their families (just as the protagonist of “Les Miserables” - Jean Valjean became a criminal in order to ensure his own family’s survival.)
The overall result of my proposal would be the elimination of poverty, and the overall enrichment of American society because more resources will be available for profitable investment, and every billionaire remains a billionaire.
To be crystal clear, this expanded profitability will arise not only from "Baby Bonds" financed by the inheritance tax formula I outline above, but also from two additional spring boards: 1.) the money saved on social services will be put to profitable use, and, 2.) the money saved from the needlessness of mass incarceration will be put to profitable use.
Has Charlie Kirk would say, “Prove me wrong.”
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And if you don't think the above argument will enable material wellbeing for every human being, consider Warren Buffett's analysis and perhaps split the "funding" between "billionaire" inheritance tax, and increased corporate taxation so that the contribution of just 200 American companies paying the same tax rate that Buffett's company, Berkshire Hathaway, happily pay would put us "way over the top":
Warren Buffett Blows The Cover Of The Ultra-Wealthy. If We Focus On Propagating Buffett's Revelation -- Only This One Revelation -- The Ruling Class's Overarching (And Nearly Invisible) Structure Of Dominance-Submission-Bondage Would Come To A Prompt Crashing End
I venture that ONLY capitalist pigs will disagree.
Notably, the vast majority of capitalists who refuse to accept regulation are demonstrably piggish.
Unregulated, "feral" capitalists will oppose these proposals tooth.
But their only argument is that they want to continue being piggish when a billion dollars for themselves (and another billion for each of their children) is more than enough money for any healthy, contributory, responsible citizen who is interested in the General Welfare.
Remember.
The damage done to the body politic by not using the nation's "commonwealth" to eliminate poverty is monstrous. Grotesque. Mean-spirited and malicious by any Judeo-Christian measure.
And in the process, the United States will become a model of universal prosperity, and instead of the wealthy fleeing the country (which would be an apt measure of their hatred for promoting The General Welfare), "everyone" will want to come here - especially those clever, creative people who have not yet made their first billion.
Keep in mind that I am not against Capitalism.
To the contrary, I am all for it - at least as it Capitalism began in America, with company charters needing to satisfy the terms laid down by the community... and if the did not, their charters would be revoked. Her is the truth of the matter: https://share.google/aimode/Cx3QKOK7YZRQepzqa
I heartily support "stakeholder capitalism," an area in which Ronald Reagan and Elizabeth Warren are in complete agreement.
"The Hidden History Of Corporations" --- And Ronald Reagan's "Stakeholder Capitalism" (Which Elizabeth Warren Is "High On" Too)
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I think it would be wise to follow Norway's path in creating a "Sovereign Wealth Fund" to benefit every citizin equally, and I suggest we do this by way of nationalizing Artificial Intelligence companies.
To repeat the beginning of this essay... or, in case you're more amenable to reading my introduction now that you know only piggish capitalists (like Trump, Musk, Zuckerberg et al) stand in the way of prosperity in every American household.
Norway's "Sovereign Wealth Fund" Owns About 1.5% Of Every Publicly Traded Company In The World
If you don't believe this claim, here is a brief video explanation of how it happened, plus Google AI's validation of the video's content.
Video about Norway's Sovereign Wealth Fund
https://www.facebook.com/reel/1537857818009298
*****
Google AI's Validation Of The Claims Made In The Above Video
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