#economicjustice

[karl-says]

Capitalism and the Patriarchy

Through the breaking down of our puritan beliefs about gender and dismantling restrictive gender roles and stereotypes, we bind ourselves, we can take crucial steps toward true freedom. The patriarchy and capitalism so are deeply intertwined, each benefiting and reinforcing the other; the former, through these gender roles, perpetuates inequality an thrives on the hierarchical structures it creates. While capitalism, exploits these divisions to maximize profit and control. Only when they saw more profit and labor did they finally accept women into the workplace.

[ivygorgon]

An open letter to the U.S. Congress

Pass the Price Gouging Prevention Act (S. 3803 / H.R. 7390

1,047 so far! Help us get to 2,000 signers!

Of all the responses to the economic upheavals of the pandemic, price gouging has got to be one of the most egregious. This is when prices go up, or continue to stay high, not due to market pressures or other economic factors, but only because the seller, renter, or provider wants to increase their already excessive profits.

Some CEOs have even bragged to their shareholders about how much their profit-making pricing strategies exceed their inflationary increases in production costs.

To fight back against what they call “greedflation,” Senator Elizabeth Warren and Rep. Jan Schakowsky have reintroduced their Price Gouging Prevention Act (S. 3803 / H.R. 7390) and are now seeking co-sponsors for the bills.

As your constituent, I would like to urge you to co-sponsor and pass this bill. It has several important features: It will prohibit price gouging on a nationwide basis; it will take aim at companies that have taken advantage of the pandemic to jack up prices unnecessarily and keep them up; it will focus on companies whose executives brag to shareholders about increasing prices faster than inflationary costs; it will require public disclosure of companies’ costs and pricing strategies, and it will increase the FTC’s funding to enforce these conditions.

Thank you for considering co-sponsoring the Price Gouging Prevention Act.

▶ Created on March 20 by Jess Craven · 847 signers in the past 7 days

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[unpluggedfinancial]

Bitcoin and Morality: How Digital Currency Could Lead to a Better Society

In a world where financial systems are often riddled with corruption, manipulation, and inequality, the idea that a digital currency could lead to a more moral society may seem far-fetched. However, Bitcoin, with its decentralized and transparent nature, offers a glimpse into a future where financial fairness and ethical behavior could become the norm rather than the exception.

The Moral Challenges of Fiat Currency

For centuries, fiat currencies have been the bedrock of global economies. Yet, their management by governments and central banks often introduces moral dilemmas that go unnoticed by the general public. Inflation, for instance, is a hidden tax that erodes the savings and purchasing power of everyday citizens, disproportionately affecting those with lower incomes. When governments print money to bail out failing institutions, it creates a sense of injustice—rewarding the irresponsible while punishing the prudent.

Furthermore, traditional banking systems frequently exclude vast segments of the population, particularly in developing countries, perpetuating cycles of poverty and financial exclusion. These moral challenges inherent in fiat systems raise an important question: Can we create a financial system that is fair, transparent, and accessible to all?

The Ethical Foundation of Bitcoin

Bitcoin was born out of the 2008 financial crisis—a response to the widespread disillusionment with traditional financial institutions. At its core, Bitcoin embodies principles that align with ethical behavior: transparency, decentralization, and the concept of sound money.

Unlike fiat currencies, Bitcoin’s supply is capped at 21 million, ensuring that no central authority can devalue it through excessive printing. This scarcity introduces a level of trust and predictability that fiat currencies lack. Moreover, Bitcoin operates on a decentralized network, meaning no single entity controls it. Transactions are verified by a global network of nodes, making manipulation nearly impossible and fostering a sense of fairness.

Bitcoin as a Tool for Financial Fairness

One of the most compelling aspects of Bitcoin is its potential to promote financial fairness. In a world where access to financial services is often limited by geography, income, or political circumstances, Bitcoin offers an alternative. With nothing more than an internet connection, anyone can participate in the Bitcoin network, regardless of nationality or economic status.

This equal access is revolutionary. It levels the playing field, allowing individuals in developing countries to store and transfer wealth without relying on unstable local currencies or predatory financial institutions. Moreover, the peer-to-peer nature of Bitcoin transactions eliminates intermediaries, reducing fees and preventing third-party censorship.

The Influence of Bitcoin on Personal Responsibility

Bitcoin’s decentralized nature requires individuals to take responsibility for their own wealth. Unlike traditional banking, where a lost password can be reset with a phone call, Bitcoin ownership comes with the responsibility of securing one’s private keys. This shift from reliance on third parties to self-reliance fosters a greater sense of ownership and accountability.

In a broader sense, this responsibility can extend beyond financial matters. As people become more accustomed to taking control of their financial future, they may also develop a stronger sense of ethical behavior in other areas of their lives. The discipline required to manage Bitcoin effectively could encourage individuals to adopt a more thoughtful and deliberate approach to their decisions, leading to a more responsible society.

A Society Shaped by Bitcoin

Imagine a society where Bitcoin is the standard. Such a society could see significant reductions in corruption, as Bitcoin’s transparent ledger (the blockchain) makes it nearly impossible for illicit activities to go unnoticed. Every transaction is recorded on the blockchain, providing an immutable record that can be audited by anyone. This transparency could deter corrupt practices and promote honesty and accountability at all levels of society.

Furthermore, a Bitcoin-standard society would empower individuals to take control of their financial futures. Without the need for intermediaries, people could transact freely and securely, without fear of censorship or confiscation. This financial sovereignty could lead to a more liberated and morally conscious population, as individuals would no longer be at the mercy of corrupt or unstable financial institutions.

Challenges and Criticisms

While the potential for Bitcoin to foster a more moral society is compelling, it is not without challenges. One of the most common criticisms is Bitcoin’s energy consumption, with some arguing that the environmental impact of mining Bitcoin could outweigh its benefits. However, proponents point out that Bitcoin mining is increasingly powered by renewable energy and that the long-term benefits of a decentralized, transparent financial system could far outweigh these concerns.

Another challenge is the potential for Bitcoin to be used for illicit activities. While Bitcoin’s transparency makes it difficult to hide such activities, the pseudonymous nature of transactions has raised concerns. However, ongoing developments in blockchain analysis and regulatory frameworks are addressing these issues, making Bitcoin a safer and more secure option for all users.

Finally, the risk of wealth inequality in a Bitcoin-dominated economy is a valid concern. Early adopters of Bitcoin have seen significant gains, leading to fears that wealth concentration could occur. However, as Bitcoin continues to gain mainstream adoption, its distribution is likely to become more equitable, especially as more individuals and institutions recognize its value and utility.

Conclusion

Bitcoin is more than just a financial asset; it represents a paradigm shift in how we think about money, fairness, and morality. By promoting transparency, decentralization, and personal responsibility, Bitcoin has the potential to foster a more ethical and just society. While challenges remain, the possibilities for positive change are profound.

As we move forward into a world where Bitcoin plays an increasingly significant role, it’s essential to consider not just the financial implications, but the moral ones as well. Could Bitcoin be the key to creating a better, more ethical society? Only time will tell, but the potential is there for those who dare to imagine a future where money, morality, and fairness go hand in hand.

Take Action Towards Financial Independence

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[omegaphilosophia]

Balancing Prosperity: The Case for Establishing a Wealth Floor and Ceiling in Economic Systems

Introduction:

In the intricate dance of economic systems, the distribution of wealth plays a pivotal role in shaping the well-being of societies. As we navigate discussions around economic justice, there emerges a compelling argument for implementing both a wealth floor and ceiling. This blog post delves into the rationale behind establishing these bounds, exploring the potential benefits for individuals, communities, and the overall stability of an economy.

The Wealth Floor: Ensuring Basic Dignity and Opportunity

1. Eradicating Extreme Poverty: Establishing a wealth floor ensures that no member of society falls below a certain standard of living. By eradicating extreme poverty, we can uplift the most vulnerable, providing them with the resources necessary for basic needs such as food, shelter, education, and healthcare. This not only fosters a more just society but also contributes to overall social stability.

2. Promoting Economic Mobility: A wealth floor serves as a launching pad for economic mobility. When individuals have access to essential resources, they are better equipped to pursue education, skill development, and entrepreneurship, creating a pathway to upward mobility. This, in turn, contributes to a more dynamic and innovative economy.

3. Enhancing Social Cohesion: A society without extreme poverty fosters greater social cohesion. When all members have a basic level of economic security, disparities and social tensions are reduced. This can lead to stronger communities, increased civic engagement, and a sense of shared responsibility for the well-being of all.

The Wealth Ceiling: Curbing Excessive Inequality and Instability

1. Mitigating Social Inequity: Implementing a wealth ceiling helps curb the concentration of wealth in the hands of a few. Excessive inequality can lead to social unrest, eroding trust in institutions and contributing to a sense of injustice. A wealth ceiling promotes a more equitable distribution of resources, fostering a fairer and more inclusive society.

2. Encouraging Responsible Corporate Behavior: A wealth ceiling places limits on the accumulation of wealth by corporations and individuals. This can incentivize businesses to adopt socially responsible practices, such as fair wages, ethical supply chains, and environmental sustainability. By aligning economic success with broader societal benefits, a wealth ceiling promotes corporate accountability.

3. Preventing Economic Instability: Extreme wealth concentration can contribute to economic instability. When a small percentage of the population holds a disproportionate share of resources, it can lead to market distortions, financial crises, and reduced consumer spending. Implementing a wealth ceiling acts as a safeguard against these destabilizing forces, promoting a more resilient economy.

Finding the Balance: A Holistic Approach to Economic Prosperity

1. Maximizing Human Potential: A well-calibrated combination of a wealth floor and ceiling maximizes human potential. By ensuring that basic needs are met for all and preventing excessive accumulation, societies can foster an environment where individuals can thrive, innovate, and contribute meaningfully to the collective well-being.

2. Sustainable and Inclusive Growth: The establishment of both a wealth floor and ceiling encourages sustainable and inclusive economic growth. It acknowledges that prosperity is not a zero-sum game but a collective endeavor that benefits everyone when wealth is distributed fairly and responsibly.

3. Promoting Long-Term Stability: Striking a balance in wealth distribution contributes to the long-term stability of economies. By addressing extreme poverty and excessive inequality, societies can build resilient economic structures that withstand shocks and prioritize the well-being of all citizens.

Conclusion:

In conclusion, the implementation of a wealth floor and ceiling represents a nuanced and compassionate approach to economic governance. By ensuring that no one is left behind while preventing the concentration of wealth in the hands of a few, societies can pave the way for prosperity that is sustainable, inclusive, and morally grounded. The pursuit of economic justice requires a commitment to finding this delicate balance, where the welfare of individuals and the collective good are held in harmonious equilibrium.

[autism-unfiltered]



The Necessity of Economic Justice for Equality

Economic justice is an essential element in the fight for equality. It's not enough to strive for social fairness alone; we must address systemic economic disparities that perpetuate inequality. Economic justice can empower marginalized communities, including neurodiverse individuals, by ensuring they have fair access to resources and opportunities.

Only by dismantling the structures that perpetuate wealth inequality can we build a truly equal society. It's time to advocate for policies that support wealth redistribution and protect the rights of all workers, especially those from marginalized backgrounds. Let's fight for a world where everyone has the economic stability they need to thrive.

[thecryptonewshub]

Jill Ford's Mission to Shake Up TradFi with Bitcoin at Bitford Digital

Jill Ford's Journey from Prison to Pioneering Bitcoin's Role in Disrupting TradFi with Bitford Digital. Jill Ford, once convicted of bank fraud, is now at the helm of Bitford Digital, a Dallas-based company that's changing the way Bitcoin interacts with traditional finance (TradFi). Ford's journey from a 20-month prison sentence to founding a Bitcoin-focused enterprise speaks volumes about her dedication to transforming the financial system. Upon her release, she was determined to use Bitcoin as a tool for economic justice, focusing on sustainable and ethical Bitcoin mining practices. This mission is deeply rooted in her personal experiences and her view of Bitcoin as a means to empower communities and democratize financial opportunities.

Jill Ford of Bitford Digital is redefining the future of Bitcoin mining by integrating the cryptocurrency into established banking systems to address long-standing imbalances. Her perspective is clear: Bitcoin is more than a digital asset; it has the power to drive economic revolution. She is illustrating, through Bitford Digital, how cryptocurrency may serve as a catalyst for a more transparent, decentralised financial sector. This mission is changing her from a former felon into a financial innovator, all while violating TradFi's established rules. Also Read:  bananas31-and-andy-surge-triple-digits-as-btc-struggles-at-96000-whats-driving-the-market/ Read the full article

[kc22invesmentsblog]

The Historical Roots of the Racial Wealth Gap: How America Built Economic Inequality

The Historical Roots of the Racial Wealth Gap: How America Built Economic Inequality

Written by D. Marshall Jr The Wealth Gap Didn’t Happen by Accident The racial wealth gap in America is not a coincidence, it’s the direct result of centuries of systemic economic oppression. For many Black Americans, wealth-building has been a battle against policies designed to keep them from accumulating assets, owning homes, and passing down financial security to future generations. From…

[nikath-852]

Dr. Nowhera Shaik's Unwavering Commitment: Heera Group's Journey to Fulfill Investor Payments

Introduction

In the face of numerous challenges, Dr. Nowhera Shaik, the CEO of Heera Group of Companies, has consistently demonstrated her commitment to fulfilling investor payments. This article explores the journey of Heera Group and its leader as they navigate complex legal and financial landscapes to honor their obligations.

Supreme Court Mandate and Heera Group's Response

After years of legal proceedings, the Supreme Court of India mandated the sale of Heera Group's lands, resulting in big investors paying Rs. 640 crore. However, Dr. Nowhera Shaik took an extraordinary step by presenting properties worth Rs. 1200 crore before the court and relevant agencies. This move not only reaffirmed Heera Group's legitimacy but also showcased a clear intent to honor every financial commitment made to investors.

Dr. Nowhera Shaik's Faith in the Indian Judicial System

The presentation of properties worth nearly double the required amount is a testament to Dr. Nowhera Shaik's deep trust in the Indian judicial system. Unlike many companies that crumble under legal scrutiny, Heera Group has remained steadfast in its mission. Dr. Shaik's actions prove that those genuinely interested in clearing investor dues will always take proactive measures.

Ongoing Efforts to Resolve Investor Concerns

Even during challenging times, including a period of imprisonment, Dr. Nowhera Shaik ensured that payments to investors continued wherever possible. The company took various measures to address investor concerns:

Distribution of textile materials from Heera Group's showroom

Allocation of thousands of kilograms of jewelry with investor consent

Prompt distribution of funds from unfrozen accounts as per Supreme Court directives

These efforts demonstrate Heera Group's commitment to finding innovative solutions to fulfill its obligations.

Investor Privacy and Confidentiality

A common question that arises is: who received the payments? Heera Group maintains strict confidentiality regarding investor details to protect personal information. Many individuals invested for crucial life events such as:

Children's education

Marriage expenses

Family emergencies

Revealing financial transactions could create unnecessary familial conflicts, which is why most investors prefer to keep their received payments private. While this discretion has led to some skepticism, thousands of investors have benefited from Heera Group's structured disbursements.

Heera Group: A Unique Case in Corporate India

India's corporate history has seen numerous cases where companies facing financial fraud allegations either declared bankruptcy or surrendered their assets, admitting to fraud. However, Heera Group's case stands apart. Throughout the legal proceedings, Dr. Nowhera Shaik has consistently voiced a singular concern: allowing her to manage investor payments directly.

Dr. Shaik has made it clear that she takes full responsibility for settling dues and has reiterated that no external party should interfere with this process. This approach sets Heera Group apart from other companies facing similar challenges.

Transparency in Dealings

Despite the challenges, Heera Group has maintained transparency in all dealings. Dr. Nowhera Shaik confidently states that not a single rupee has been proven as fraudulent against her or her company. However, she acknowledges the ongoing conspiracy against Heera Group, attributing it to adversaries who fear the company's success and seek to tarnish its reputation.

To maintain transparency, Heera Group has taken several steps:

Regular updates to investors through official channels

Cooperation with legal authorities and regulatory bodies

Open communication about the company's financial position

Willingness to present assets and properties for verification

Overcoming Challenges with Determination

Dr. Nowhera Shaik remains undeterred by the opposition she faces. She firmly believes that divine justice will prevail and that truth will ultimately shine through. Her reliance on legal avenues and unwavering faith in the judiciary reflect her deep commitment to protecting investor interests.

Some of the challenges faced by Heera Group include:

Legal hurdles and prolonged court proceedings

Negative media coverage and public perception

Frozen accounts and restricted access to company assets

Coordinated efforts to discredit the company and its leadership

Despite these obstacles, Dr. Shaik and Heera Group continue to push forward, seeking justice and working towards fulfilling their commitments to investors.

Setting a New Standard in Corporate Responsibility

The Heera Group CEO's message is clear: she will not allow detractors to derail her mission. She continues to seek justice through the courts, confident that fairness will triumph. With her transparent approach and proactive measures, Dr. Nowhera Shaik is setting a precedent in the corporate world—one where integrity, accountability, and investor trust remain paramount.

This approach to corporate responsibility includes:

Taking personal responsibility for company obligations

Proactively presenting assets to cover investor dues

Maintaining open communication with stakeholders

Pursuing legal recourse to protect the company and its investors

By adhering to these principles, Heera Group is not only working to resolve its current challenges but also setting an example for other companies facing similar situations.

Conclusion

Dr. Nowhera Shaik's battle against adversities showcases the resilience of Heera Group. Her decision to present Rs. 1200 crore worth of assets for investor payments underscores her commitment to financial transparency and credibility. As legal proceedings continue, one thing remains certain—her trust in the judicial system and determination to uphold investor interests will not waver.

Through faith, legal diligence, and an unwavering sense of responsibility, Heera Group continues to stand strong, ensuring that its investors receive what they rightfully deserve. This case serves as a reminder of the importance of corporate integrity and the power of perseverance in the face of adversity.

Call to Action: Stay informed about Heera Group's progress and updates by following their official communication channels. If you're an investor seeking more information, contact Heera Group's investor relations department for personalized assistance.

Disclaimer: This article is for informational purposes only. It does not constitute legal, financial, or professional advice. The author and publisher are not responsible for any legal actions or consequences resulting from the use of this information. Readers should conduct their own research and seek professional advice if needed.

[thetumblerdiaries]

How Heera Group of Companies Overcame Challenges Through Determination and Legal Battles

How Heera Group of Companies Overcame Challenges Through Determination and Legal Battles

Introduction

The Heera Group of Companies has become a shining example of perseverance and faith in the face of adversity. Through hard struggle and unwavering determination, this organization has made its success clearly evident, overcoming numerous challenges and legal battles. This blog post delves into the remarkable journey of Heera Group and its CEO, Dr. Nowhera Sheikh, as they navigated through complex legal waters and emerged victorious.

The Journey of Heera Group

The Heera Group of Companies has a rich history spanning over two decades. For about twenty-five years, the company flourished not only in India but also globally, creating a golden legacy by providing good profits to its investors through interest-free trade. This unique approach to business set Heera Group apart from its competitors and attracted a loyal base of investors and stakeholders.

However, the path to success was not without its obstacles. The company faced numerous challenges, including legal battles and accusations that threatened its very existence. Despite these hurdles, Heera Group remained steadfast in its commitment to ethical business practices and its investors.

Legal Battles and Victories

One of the most significant aspects of Heera Group's journey has been its legal battles. From the lower courts to the High Court and ultimately the Supreme Court, the company has fought tirelessly to prove its innocence and maintain its integrity. Through prayer and effort, with the help of the law of the land, every case has been won with great courage and boldness.

It's worth noting that while many companies accused in India were either declared bankrupt or surrendered their properties to the court, Heera Group took a different approach. From the very beginning, Dr. Nowhera Sheikh maintained that the company was not at fault and that they were victims of a conspiracy. She firmly believed that with the help of the court and law, they would emerge victorious.

The High Court of Telangana's ruling was a significant milestone for Heera Group. The court ordered that the company should be allowed to operate under the Companies Act, and its land and property should be returned. This decision paved the way for Heera Group to continue its operations and work towards fulfilling its commitments to investors.

Dr. Nowhera Sheikh's Unwavering Commitment

At the heart of Heera Group's resilience is its CEO, Dr. Nowhera Sheikh. Throughout the company's challenges, she has remained a beacon of determination and courage. Dr. Sheikh has consistently reassured investors and stakeholders that justice will prevail and that the company will fulfill its obligations.

Her unwavering commitment to the company's principles and investors is evident in her statements. Dr. Sheikh has repeatedly emphasized that Heera Group has taken money from investors and will repay it, regardless of the obstacles they face. This level of transparency and commitment has been crucial in maintaining investor confidence during turbulent times.

The Promise of Repayment

One of the most pressing concerns for Heera Group's investors has been the repayment of their investments. Addressing this issue, Dr. Nowhera Sheikh recently announced that people's trusts will start being paid from January 2025. This announcement demonstrates the company's commitment to fulfilling its obligations and restoring faith in its operations.

Dr. Sheikh has expressed confidence that with Allah's mercy and grace, and the help of the court and the law, Heera Group will be able to repay the entire trusts of the people all at once. She has urged investors to remain patient and have faith in the company's ability to honor its commitments.

Challenges and Conspiracies

Despite the legal victories and the company's efforts to move forward, Heera Group has faced ongoing challenges. Dr. Sheikh has spoken about ill-wishers who have attempted to disrupt the company's operations and spread false information. These actions have included issuing multiple attachment notices on properties and disrupting the affairs of people involved in buying and selling.

However, Dr. Sheikh remains resolute in her belief that injustice cannot thrive indefinitely. She continues to reassure investors that their faith in the company will be rewarded and that Heera Group will overcome these obstacles.

Interest-Free Trading: A Core Principle

One of the defining features of Heera Group's business model is its commitment to interest-free trading. This approach has set the company apart in a market dominated by interest-based businesses. Dr. Sheikh has emphasized that this principle is not just a business strategy but a fundamental belief that the company will uphold, even in the face of adversity.

The company's dedication to interest-free trading has been both a source of its success and a target for its competitors. Dr. Sheikh has suggested that some of the challenges faced by Heera Group stem from the discomfort its success caused among those engaged in interest-based businesses.

The Future of Heera Group

Looking ahead, Heera Group and Dr. Nowhera Sheikh remain optimistic about the future. The company continues to operate under the title of "Heera Gold Trading," maintaining its commitment to interest-free trade and ethical business practices.

Dr. Sheikh's vision for the future is clear: to continue the convoy ahead with patient and grateful investors, emerging victorious with the help of the great law of the country's courts. She believes that by staying true to their principles and relying on faith and determination, Heera Group will overcome its current challenges and continue to thrive.

Conclusion

The story of Heera Group of Companies is a testament to the power of resilience, faith, and unwavering commitment to principles. Despite facing numerous challenges and legal battles, the company and its CEO, Dr. Nowhera Sheikh, have remained steadfast in their dedication to their investors and their business model.

As Heera Group moves forward, it continues to rely on the support of its loyal investors and the strength of its ethical business practices. The company's journey serves as an inspiration to others facing adversity in the business world, demonstrating that with determination and faith, it is possible to overcome even the most daunting obstacles.

(This blog post is based on information provided and should not be considered as financial advice. Always conduct your own research and consult with financial professionals before making investment decisions.)

[polymathchristian]

The American Dream: Out of Reach for the Middle Class.

[christianornot]

The American Dream: Out of Reach for the Middle Class.

At one time, the American Dream was a symbol of hope and aspiration—a house with a white picket fence, two cars in the driveway, and a family living comfortably in the suburbs. It wasn’t just about material wealth; it represented stability, opportunity, and a sense of achievement for those willing to work hard.Fast forward to today, and the dream has been drastically downsized. For many…

[karl-says]

I need a better way to say "seize the means of production" to boomers

[ivygorgon]

An open letter to the U.S. Congress

Pass S. 2767 / H.R. 5408: The Bipartisan SSI Savings Penalty Elimination Act!

821 so far! Help us get to 1,000 signers!

As your constituent, I am urging you to vote for the passage of S. 2767 / H.R. 5408 the bipartisan SSI Savings Penalty Elimination Act. When the SSI program was created in 1972, the asset limits were $1,500 in savings for individuals and $2,250 for couples. The limits were gradually increased between 1985 and 1989 to what it is today. If the asset limits had been indexed to inflation beginning in 1972, it would be $9,929 for an individual and $14,893 for a couple in 2024. Due to these onerous asset limits, SSI recipients can’t have much of anything in cash, bank accounts, retirement accounts, whole life insurance policies, investments, and certain types of personal property to be eligible for the benefit, which keeps them stuck in a life of poverty. The bipartisan SSI Savings Penalty Elimination Act would increase the asset limit from $2,000 to $10,000 for an individual and $3,000 to $20,000 for a couple, and it would exclude retirement savings from the countable assets. The limits on assets for SSI beneficiaries are truly unfair to families. They often prevent family members from seeking promotions, accepting new jobs, or saving money for fear that their loved one will lose their benefits. The workforce is also impacted by the draconian asset limit. It keeps qualified workers out of the job market for fear of losing access to benefits or health insurance. Will you join Senators Brown (D-OH) and Cassidy (R-LA) and Representatives Fitzpatrick (R-PA) and Higgins (D-NY) as cosponsors of the SSI Savings Penalty Elimination Act? Thanks!

▶ Created on January 30 by Jess Craven

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[manypathsoneforest]

This image should be sent to most CEOs for no reason in particular

[thedearlydepart]

Consumerism and the American Dream

How Communitarianism Offers a Better Path

I identify most with communitarianism. Communitarian cultures prioritize the collective good over individual desires, emphasizing harmony and cohesion within society. While Thought Co. states that "Communitarianism is often considered the opposite of liberalism," (Longley, 2020) modern liberalism, particularly in leftist communities, seeks a balance that allows for self-expression while addressing societal needs to exist peacefully. In contrast, individualist cultures hold self-reliance and personal success in high regard, even if it comes at the expense of the broader community.

In communitarian societies, individuals are considered integral parts of a larger social construct, expected to contribute to the community’s well-being through social, family, and civic responsibilities. Individualist cultures, however, place the highest value on individual rights—such as freedom of choice, speech, and action—even when these rights conflict with the common good. As described by both Thought Co. and the Foundation for Economic Education, classical liberalism embodies these principles, which became the foundation of "liberal democracies" in the free world.

“These individualistic principles became the pillars of the social institutions that now characterize what we call the “free world” (hence the term “liberal” democracies).” (Carroll & Sanchez, 2022)

While individualists believe society exists to support personal freedom and autonomy, communitarians believe in acting in ways that benefit the group. Communitarianism does not reject individual rights like freedom of speech and action. Still, it insists that these rights should not supersede the safety and well-being of the community.

In today’s American society, particularly in Black communities and in the broader cultural context, individualism dominates. This aligns with our focus on capitalism and the "American Dream." While Etzioni points out that tightly-knit communities can hinder individuality and creativity, we've moved beyond that. We now operate in a society where, unless something directly affects us, we often choose not to engage—even within our families. This has led to a culture that breeds widespread unhappiness. One critic notes, "...Our idea of happiness has been transformed to make us better consumers... these values have been co-opted and used to normalize a deeply unjust and undesirable situation." (Illing, 2018)

References

Carroll, P., & Sanchez, D. (2022, July 2). Individualism: A Deeply American Philosophy. FEE.org. Retrieved October 6, 2024, from https://fee.org/resources/individualism-a-deeply-american-philosophy/

Etzioni, A. (2002, May). "The Good Society" by Amitai Etzioni. Seattle University School of Law Digital Commons. Retrieved October 6, 2024, from https://digitalcommons.law.seattleu.edu/sjsj/vol1/iss1/7?utm_source=digitalcommons.law.seattleu.edu%2Fsjsj%2Fvol1%2Fiss1%2F7&utm_medium=PDF&utm_campaign=PDFCoverPages

Illing, S. (2018, September 4). A history of happiness explains why capitalism makes us feel empty inside. Vox. Retrieved October 6, 2024, from https://www.vox.com/science-and-health/2018/9/4/17759590/happiness-fantasy-capitalism-culture-carl-cederstrom

Longley, R. (2020, June 29). What Is Communitarianism? Definition and Main Theorists. ThoughtCo. Retrieved October 6, 2024, from https://www.thoughtco.com/communitarianism-definition-and-theories-5070063

[ladookhotnikov]

ECB: Early Bitcoin Adopters Accused of Stealing Economic Value from Latecomers

Researchers at the European Central Bank (ECB) have released a study that claims that the first Bitcoin holders Bitcoin reap disproportionate profits at the expense of latecomers. The report assures that those who entered the Bitcoin market early have "skimmed off the cream" of the profits, and those who joined later allegedly, are in continuous losses, enriching the earlier group. The authors literally accused cryptocurrency enthusiasts of exploiting their followers. 

The study, which presents itself as a scientific research, faced immediate backlash online. In particular, an early Bitcoin follower, Tuur Demester, harshly criticized this work, denouncing the article as aggressive. He framed it as an attack on cryptocurrency holders and suggested that this was to be expected, given Bitcoin’s growing role in the modern world. Bitcoin becomes a stumbling block between the authorities and ordinary people. In his opinion, this tension highlights a larger battle over the basic right to own property, who have to prove their basic right, while the authorities do not show this no respect.

He considered that this was an attack on the owners of cryptocurrencies and expressed the idea that this was expected. He rightly pointed out that Bitcoin has become a stumbling block between the authorities and ordinary citizens who have to prove their basic right to own property, while the authorities show little respect for it in the context of decentralized finance. In my view, the ECB's report feels like an attempt to discredit a movement that challenges the centralized control of wealth and power.

However, it's hardly surprising. Earlier this year, an ECB representative bluntly stated that Bitcoin wasn't "suitable for anything." Now, with this report, experts are shrugging shoulders: either the respected financial institution is being dishonest, or it's deceiving itself. There seems to be no third option.