Jack Saturday

Monday, February 20, 2012

Anti Wage-Slavery, Pro-Freedom Quotations Of The Week 777-779

A new study warns that when Americans eat out, they feed into an industry fueled by exploitation and rampant discrimination against women.
Study: Restaurants Feed on Exploited Women’s Labor
February 13, 2012 by Michelle Chen
Ms.blog Magazine

Each console goes for $100 per month. If a restaurant serves meals eight hours a day, seven days a week, it works out to 42 cents per hour per table — making the Presto cheaper than even the very cheapest waiter.”
Average Is Over
New York Times
Published: January 24, 2012

Banks are another large recipient of our collective largesse. I’m not talking about bail-out funds; I’m talking about the hugely valuable right we give banks to create money out of nothing. Banks do this (with our generous permission) by lending roughly seven times the money customers deposit (this is called ‘fractional reserve banking’); they then charge interest on these magically minted dollars. This gift to banks is justified on the grounds that it injects needed cash into the economy, but a comparable boost could be achieved by giving people new government-issued dollars — for example, by wiring money to their bank accounts — and limiting bank lending to money actually on deposit. Fresh money would then trickle up through households rather than down through banks.

All we’d have to do is charge for private use of common wealth and feed the resulting revenue into an electronic distribution system.
It's Time We Get to Cash in as Equity Owners of Our Common Wealth
Peter Barnes


Post a Comment

<< Home