Jul 30, 2016

How to share the profit of capitalism?

With big income inequality and the real threat of job loss, it is more and more pressing to explore how to share the profit of capitalism. For example, when robots drive our vehicles, who is going to share the profit from the robot companies?

Here is a list of how profit of capitalism has been shared:
  1. No sharing. The capitalists exploit as much as possible and keep the profit. 
  2. Total takeover. The capitalists are exiled. The state takes over. The state takes the profit. 
  3. Small scale sharing where some employees are given shares. 
  4. Government redistribution through income/wealth tax, and giving some, only some, of the tax to the poor. 
  5. Big scale government sharing of the profit for the government itself. The government sets up big sovereign wealth fund to invest, reaps profit and keeps the profit for itself. The profit of capitalism is shared between the capitalists and the government. 
  6. Big scale corruption. The politicians get oiled by the capitalists. Profit is shared between politicians and capitalists. 
  7. The government sets up big sovereign wealth fund to invest, reaps profit and keeps the profit for itself. At the same time, the politicians manage the sovereign wealth fund and pay themselves handsomely. The profit of capitalism is shared between the capitalists, the politicians and the government. 
  8. Big scale sharing of the profit with everybody. The government, as an agent of the citizens, invests huge money, reaps big profit, AND returns the profit to every citizen equally. 
In all these approaches except the last, the normal average citizen gets nothing.

In most of the current debate about poverty and inequality, people focus on point 4 --- how to tax the rich. While important, this is not enough and has very limited effect.

The last approach is the best. It makes everyone a capitalist. There is no limit on how much everyone can get. Carefully managed over the long term, it will not be impossible that everyone makes a annual profit of $20,000 or more from the sovereign wealth fund.

UK has good democracy

Recent events show the great side of UK's democracy.

1. The people have the power, as shown in the Brexit referendum. Whatever the outcome, the people decide. The decision is not hatched in a dark Cabinet.

2. There is a neutral process to carefully scrutinize recent leaders' actions, as in the Chilcot report.

The democratically elected leaders are bound by the people's referendum, and are answerable for their actions.

Jul 21, 2016

Courageous politicians take away citizen dividends from babies, pensioners, and everybody

"I find it unacceptable that we would consider taking half of the PFD from children, seniors and elders, and those with disabilities to subsidize the most profitable corporations in the world."
(PFD: Permanent Fund  Dividend, an annual citizen dividend received by every Alaskan because he/she owns Alaska)
This politician who refuses to steal citizen dividends from babies and pensioners is branded a coward.

Yes. Those who take away citizen dividends from babies and pensioners, and in fact from everybody, brand themselves as courageous and doing the right thing.

Jul 20, 2016

In order to share the fruits of economic development with general public . . .

4 July 2016 
Wealth Partaking Scheme 2016 
In order to share the fruits of economic development with general public, the Macau SAR government has announced the “Wealth Partaking Scheme 2016”, under which, local permanent residents are entitled to receiving 9,000 patacas and non-permanent residents 5,400 patacas. With the Administrative Regulation No.17/2016 gazetted, the scheme comes into effect on 14 June 2016, and its implementation will officially start in early July.

Macau is sharing its wealth with all its residents, regardless of employment status or wealth. It has been doing this annually for almost a decade. 9,000 patacas convert to about US$1,125.

Macau is a good example of a citizen ownership democracy. Every resident gets a direct share of the country's wealth.

Citizens of other places on Earth, where is your direct share of your country's wealth?

Jul 9, 2016

What the police can do to stop killing drivers: Use drones

It appears that some police are too scared. They shoot first, fearing that drivers are dangerous and armed.

The police can use drones.

When two policemen walk towards the driver, one on the left of the car and one on the right, with their hands on their guns, their adrenaline is pumping, and the slightest miscommunication can be fatal for the driver.

Instead, the policemen can sit in their police car, and fly a drone to the driver. A simple drone can do the job. The police and the driver maintain a safe distance. Adrenaline levels don't shoot through the roof. This should be safer for everyone.

Jul 7, 2016

Facebook dictator closing its borders to non-Facebook users

Facebook, intoxicated with its power, is closing its borders to non-Facebook users. Facebook users can no longer communicate with non-Facebook users through Facebook.

Only dictators have done that to their countries, blocking communication between their captive people and the outside world.

Facebook users, do not stay in the captive world.

(Facebook insists that you log in to Facebook, otherwise, it blanks out the Facebook page.)

Apr 30, 2016

Upright UK judges admirably refuse to let the ministers run amok with the laws

Part I: Upright judges refuse to let the ministers run amok with the laws

Summary
The UK set up a law to force benefits receivers to work for free.
One of the "enforced slaves" sued the government.
The UK government has lost all the way to the Court of Appeal.
Lord Justice Underhill, announcing that the decision of the high court had been upheld, said that in the cases of those claimants who had already appealed against their sanctions, the act was incompatible with their rights under the European convention on human rights. (The Guardian, 29 April 2016)
The UK judges have once again refused to let their ministers run amok with their laws.

Good upright judges form an essential component of a good democratic country. 

Saintly Election Promise

"If there is a situation where Bukit Batok residents' needs would compete with my own, I would always put Bukit Batok residents' needs above mine." (Murali Pillai, 28 Apr 2016, during a by-election in Singapore)
I hope voters keep this promise safely and cash it in when their needs arise.

Although it is great to have ultra altruistic and totally selfless politicians, it will be quite sufficient for politicians to return our confiscated citizen dividend.

Apr 29, 2016

International Workers' Day: Get rid of the proletarians

Karl Marx got it wrong.
He wanted to get rid of the capitalists.
We should be getting rid of the proletarians.

Huh? What? How?