Better Capitalism: Capitalism is a victim of identity theft

  1. Lifehours--A Functional, Honest Currency
  2. Currency: Currency: Symbols or Substance
  3. Funny Numbers on Funny Paper
  4. Trading Lifehours
  5. Homesteading Lifehours: Navy vs Army
  6. 401ks:The Biggest Bank Robbery in History
  7. 529s: A Ponzi Scheme Feeding the Tuition Monster (BB)
  8. Crowdfund State Executives

The goal of Timism is to have millions of people with billions of lifehours invested in the tools of Timism for better democracy and capitalism.Therefrom, we will have a new cyber-currency dedicated to and derived from tying currency to the time-savings of solving problems.

Lifehours:  A Functional, Honest Eternal Currency

If the habitual politicians, through the Federal Reserve and Treasury Department, can metastasize money from thin air to fund their habitual problems, let us create a currency to solve our problems: the lifehour.

To save life on earth through a global ManHeaven Project, humanity needs a new currency without the problems of the old monies that allow various forms of theft: inflation, taxes, and speculators--wage-taking. That new currency has always been the basis of all wealth, the time invested, created and saved: the lifehour. Many ancient, biblical currencies were based on an average amount of labor or life time, e.g., shekels, denarius, and drachma.The lifehour is the absolute, universal currency that transcends the boundaries of nations and centuries. It is the only currency that can unite both the symbol and substance of wealth to prevent theft.

All humans have the same number of hours, anywhere and anytime. The productivity in time savings or creation per hour is the value of one's lifehour. The life sustaining value of a bushel of grain is the same, elsewhere and elsetime. A person who produces two bushels per hour is twice the lifehour value of the person who grows only one bushel. Both have a greater relative worth than the corn thief who steals corn without working one hour.

The theft through primitive, dysfunctional currencies can be stopped with the universal currency now in existence via Timism.com. All existing currencies can be converted into this international currency. All existing currencies will be converted into this intercentury currency ... when on-line democracy is used to replace the habitual politicians who benefit from the inequities of the currencies biased in favor of the non-problem-solvers--the money dictators.

When you have the perfect currency you also have perfect capitalism, capitalism per capita, for an individual is paid absolutely for what they use their head (capita) to save or create time by solving real human problems. While the quantity of daily hours is the same for all people (24/7), the quality varies based on the lifehours of freedom that one creates for self and others whether concrete or spiritual lifehours.

Additional Information: Lifehour Index of essays.

Currency: Symbols or Substance

Currencies should reflect current time value of a person or a nation in solving problems. Over-payment to some de-privileges others in a zero-sum world. Because the symbols of our time have been divorced from the substance of our problem-solving time, we have a disconnect between wealth and worth. We increasingly focus on funny numbers on funny paper, e.g., 401ks, that are vehicles of theft by those who control the dysfuntional symbols of our time.

Humanity needs an economic model in which individual and national currencies are married to current time-value in problem-solving time. That currency, in name and substance, is Timism's lifehour.

Addtional information: Book ... Index

Funny Numbers on Funny Paper

There is a simple, objective, universal measurement to determine a nation's or individual's currency that transcends the boundaries of centuries and politics: Divide the number of hours required to have the necessities of life into the 24 hours of a day.

  1. If 1 hour, then the nation's lifehour value is 24.

  2. If 8 hours, then 3.

  3. If 16 hours, then 1.5

  4. if 25 or more hours, then you are dead.

Nations manipulate their currency to gain trade advantages.

People too readily confuse funny numbers on funny paper with wealth. Would you rather

  1. be a billionaire in a nation where you have to work 16 hours at a billion dollars an hour (Zimbawa), or,

  2. a "dollaraire" in a nation where you only have to work one hour at  a dollar an hour

to survive? It is sad and stupid to say you have make more money than your parent when only your father had to work to live comfortably not both spouses. Since 1980, the average middle-class family, in order to have the 1980 standard-of-living, has to work ten more weeks each year. Why? Obsessed with funny numbers on funny paper. Fools and their time soon part: Middle-class or Muddled-class?

Trading Lifehours

A webpage allows trading of lifehours:

https://timism.com/Accounts/TradLfhr.htm

Homesteading Lifehour Bonuses:

Navy vs. Army

It is estimated that Timism will have a market cap of $10 to $15 billion in a few years. Most of this capitalization will come from giving lifehour bonuses to members of the U.S. military via homesteading. Bonuses begin at $400,000 and descend to about $20,000.

Normally, a start-up raises money for the insiders by selling stock into middle-class 401ks (which is the biggest bank robbery in history). Timism's business model is to directly give shares of ownership to those who support Timism's goals of better democracy and capitalism (brainbees and lifehours) as necessary keys to fulfill the Primary Moral Imperative of saving life on earth from climate catastrophe.

401ks: The biggest bank robbery in history

30sec ad ... YouTube Vid ... Pensions

These are the facts:

  1. In 1980, the average retiree had almost $300,000 in defined corporate benefits. The top 1% of America owned about 20% of America's wealth.
  2. The first Bush I initiated the "ownership" society of 401ks whereby workers received pension money with tax-incentives to invest in Wall Street stocks.
    (These tax-incentives, of course, caused the national debt to balloon faster: Whatever tax-savings the middle-class saved by living beyond our means has become an out-of-control ticking timebomb.)
  3. In 2000, Bush II made 401ks mandatory and increased options: Increasing the choice of 401k options is like increasing the number of rapists with the victim having the choice of whose going to rape them and take their money, savings and pensions.
  4. In 2013, the average 65 year-old has less than $100,000 in a 401k which is worth less than $40,000 in 1980 buying power:
    1. The middle-class has lost almost 90% of its retirement funds.
    2. Where did it go? Stock options and IPO's.
  5. In 2013, the top 1% of Americans owned more than 50% of America's wealth via 401ks transferring wealth through stock options and IPOs.
  6. The absurdities of IPOs is in plain sight with the Twitter IPO:
    1. Lost more than $1 billion since it started.
    2. Has been not only loosing more money each quarter but more losses per revenue dollar, that is, the more money it takes in the more money it loses.
    3. Wall Street has said that this otherwise bankrupt corporation is worth $10 billion.
    4. Prime example of how Wall Street has hijacked the terms and tools of capitalism to do the opposite, that is, decapitalize production and decapitate jobs.
    5. This is not a Twitter IPO but an insiders' fleecing of American workers.

Conclusions:

  1. Workers with 401(k)s are organized financial lemmings.
  2. 401ks are a slow, sure death.
  3. Automatic 401(k)s are an automatic tax on wage-earners, an automatic tranfer of wealth to the wage-takers, another example of wealthfare whereby the money dictators have habitual polticians legalize illogical laws that are cancerous to a system.

529s: A Ponzi Scheme Feeding the Tuition Monster

A Ponzi scheme occurs when the first participants are paid returns by the later participants--no wealth is created only transfered.

Of 529 dynamics, if one does a cradle-to-grave analysis of who gets the most benefit and who pays the most, one sees that 529s fit the prior general summary of a Ponzi scheme. Furthermore, 529s are instance of the dog chasing his tail as various schemes to help citizens afford college further fuels the fires of inflation driving up the cost of higher education. Like 401ks, 529s are political Saltwater Solutions, that is, the immediate response is one of relief. However as the years go by the initial thirst quencher is like drinking saltwater, the thirst roars back worse than ever.
  1. The rich pay full tuition when the child is born. Eighteen years later, the child goes to college at nearly two-decade old prices without intervening inflation. The monetary difference between then and now is made up by raising tuition on the poor and muddled-class who pay as they go. Thus, like the traditional Ponzi scheme: The first-in get paid by later suckers.
  2. The traditional definition of inflation is more money chasing the same goods and services. Anyone thinks all these schemes to help the muddled class by grants and tax exemptions ignores the basic definition of inflation. Hillary Clinton's $350 billion college package is gasoline for the fires of inflation and fuel for the exploding national debt. And, education will not increase one iota like Obamacare's throwing money at healthcare. Putting more money into the buyers' pocket is inflationarily silly when the price solution is increasing the number of providers or efficiency of product delivery. (Despite promises, Obamacare has not increased efficienty or productivity of healthcare delivery.)
  3. Furthermore, the muddled-class pays the added bureaucratic costs of managing the various 529 programs. 529 programs are not self-financing. Tax dollars pay for the crony bureaucrats and obnoxious television ads. Anyone who thinks politically appointed cronies out-guess hedge funds and private equity firms is not in their right mind. The muddled-class pays the funding taxes, not the rich Trumpees.. Adding unneeded middle-men always drives up the price of any goods or services.
  4. Increased Federal Debt means de facto Federal College Loan: Anyone who thinks taking a tax-credit helps a student's education and career igknows how each tax-deficit credit adds to a jumbo student loan called the National Debt to be repaid by the students in the future ... with interest! In other words, the parents are not saving money, rather, they are borrowing money from the children and grandchildren they think they are helping. Because of probable social and economic collapse when the national and state debts are unmanageable, the 529 kids won't have to worry about paying off the debt. Like the jobless Syrian refugees, the 529 co-enabled, unemployed or under-employed college students do not and will not worry about either public or private debt.
  5. 529s are the nexus of igknowance, stupidity and greed of people who think they can get something-for-nothing but 529s are nothing compared to 401ks: In one generation, the muddled-class lost 90% of its retirement. It pursued the sports patho with self, siblings and offspring in the belief that they could get something-for-nothing by playing funny games with funny numbers on funny paper.

Brainbee of 529 College Savings Plans:
An Absurd Policy for the Middle-Class

Click on the BB point to submit a pro or con comment. Brainbees will be held as soon as possible.

BB Proposal/Issue/Article
Self-Sustaining Inflation: Everything done to reduce higher-ed inflation igknows the basic definition of inflation, that is, more money chasing the same goods and services. Higher-ed inflation is, thus, a self-sustaining and inevitable. If you throw money at inflation then you get more inflation like hosing a fire with gasoline.
Igknowant Relatives: Relatives who think they are helping their college-bound youngsters with tax-beneficial accounts igknow how the ballooning public debt is a de facto indirect college loan to which igknowant relatives obligate their youngsters. This national jumbo college loan is at higher interest rates than direct college loan interest rates.
First In, First Out: 529s are, overall, a Ponzi scheme with the first-in receiving the maximum benefits while later participants are stuck with higher debts, taxes and unemployment. Or, social, economic and political collapse.
Free Rides: Those who can pay the full college tuition when the baby is born are the ones who get to have college costs of two decades earlier. The pay-as-you-go, muddled class has to pay higher college costs to make up the difference between then and now costs.
Bad Math: 529s are a Ponzi scheme that benefit the rich because, like lottery tickets and 401ks, the muddled-class igknows basic math. The muddled class believe they can get something-for-nothing.

Need end text

General Summary of 529s:
  1. Robbing Peter to pay Paul
  2. Winning today's battle but losing the long-term war.
  3. Saltwater Policy: Taste good at start, worsens long-term thirst.
  4. Road to hell is paved with good intentions from bad values.
  5. Igknowance is bliss until igknowed problems blitz your life.

Submit not active Visit Super-Brainbee to vote on 529s Plebiscite.

More 529s Reviews: Necro Education ... 2016 Candidate ... Youtube ... Saltwater policies

Crowdfund State Executives