Elizabeth Barrette (ysabetwordsmith) wrote,
Elizabeth Barrette
ysabetwordsmith

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War Bonds, Not War Taxes

I think America's current wars, plural, are wrong and stupid and should be stopped immediately.  However, I'm in favor of war bonds.  I greatly prefer war bonds to a war tax.  This is because bonds are voluntary expenditures while taxes are involuntary.  War bonds are therefore an excellent way to measure public support for a war.  If people run out and buy lots of bonds, it means they support the war and you can go on merrily blowing people to hell in sublime confidence that your countrymen want you to do it.  War bonds for a popularly supported war tend to sell like hotcakes.  Conversely, if the war bonds sell poorly or not at all, this indicates that We The People disapprove of the wars and do not wish to spend money on them -- so that the wars should be stopped.  I would greatly hope for the latter, but I do believe in playing fair.  Let's let the warhawks put their very own, personal money where their beaks are.

Mary Susan Littlepage | Nelson Proposes War Bonds to Fund Wars
Mary Susan Littlepage, Truthout: "Working to help fund ongoing wars without sharp tax increases or increased foreign borrowing has led Nebraska's Sen. Ben Nelson (D-Nebraska) to introduce a new measure Tuesday: the US War Bonds Act of 2009. The legislation would authorize the Treasury to issue and market War Bonds to the American people to help pay for the wars in Afghanistan and Iraq."
Tags: economics, news, politics
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  • 8 comments
I like this idea!
So can I pay, say, nationalized health insurance bonds instead of taxes? I'd really like to pay speed bump bonds instead of taxes, too. What about all the other federal programs that I don't approve of? I'd love there to be an excellent way to measure public support for a lot of those.

:P
Ideally, I would like to see a system similar to that, where people chose what to fund based on what they considered important. I would greatly prefer to have my money go toward national parks, health care, and education; people who feel that abortion is bad and war is desirable should be able to direct their money accordingly.

I don't think that America is ready for an all-bonds, no-taxes funding system because we've been teaching greed and selfishness as virtues. Too many people would decline to pay anything, and necessary public infrastructure would collapse (we're having that problem now with roads and schools). They don't care enough about the society to bother contributing to its upkeep. But I think the concept has promise, particularly if introduced gradually.

We'd need a clear feedback system, though, to reveal when problems are caused by underfunding -- for instance, Hurricane Katrina did tremendous extra damage because the levies were not properly maintained, largely due to nobody wanting to pay for that. Americans seem more inclined to gripe about results than to say, "Gee, if we want levies and bridges not to collapse and kill people, we'd better pay for maintenance."

I think that war is a good place to start because, unless someone is invading your country right then, it's an optional expense and activity. I think parks would be another good place, because if people don't want to pay for upkeep to human-use roads and buildings and rangers, you can say, "Okay, you folks don't want to maintain this park for human use, we'll hold it for wildlife for a while." Right now Illinois is losing use of a lot of its state parks, which really frustrates me; if I had the option of buying park bonds, I would try to scrape up the money for one.

We need a balance between maintaining stuff that is crucial to a society, such as safe roads; and letting people have some real input into what happens with that society, which for America pretty means you need to get your hand on the purse strings. The system we have right now is not working very well; I'd like to see improvements.
I think a lot of the things you brought up aren't about 'not enough money' but rather about 'the money isn't properly spent'.

For instance, schools - if money was the problem, why are some of the most effective and schools available to the public the ones with the least money and lowest wages? A balance between 'education taxes' and 'education bonds' would be the choice to send your education credits to whichever school you think is doing the best job... even if it's a private school. This would have the additional benefit of narrowing the gap between the children of the rich and the children of the poor, creating a more stable and fair educational playing field. What bewilders me that for some reason, narrowing the gap between the rich and the poor in this manner is considered a Conservative concept instead of a Liberal concept.

Or Katrina. The problem wasn't money. From the way I understand it, originally, New Orleans wanted to do the levees the right way - by hiring the world experts on the subject, from the Netherlands. And they were willing to pay extra money to get the Dutch experts to do the job. But the Dutch experts weren't willing to work with substandard materials or conditions ... which New Orleans was legally obligated to work with, thanks to union laws and city contract regulations. New Orleans was *willing* to spend the extra money ... but wasn't allowed to spend it on the best.

But you're quite right in several ways, as well. There's a big difference between fighting a war that saves millions of non-Americans, and maintaining vital infrastructure inside the US, because the former is non-essential to the United States while the latter is quite essential. Where the political drama would come in is that lots of people would disagree on what's essential and what is not.

Which is where Haikujaguar's comment would come in. Many people do not feel that public health care is essential...

In fact, I think that this is a great example of a difference in approach, because something equivalent to bonds already *do* exist. They're called charities, and they allow you to direct your money in full freedom to whatever you want. An interesting trend you can follow through our history is how charities which previously had been strongly supported through private donations had suddenly faltered when the government took over the job of providing the same service. Once people think the government's responsible for taking care of something, they stop doing it themselves.

So there *is* probably something like a national forest bond that you could invest in, if you wanted, in the form of some charity. Call your closest Forest Service office, ask if there's any volunteer organizations that they work with. The volunteers that work to maintain national forests always like to have new people, or failing time devoted, are always short on money.
The big problem now with war funding is that we are neither raising taxes to fund it nor asking our own people to fund it voluntarily through something like "War Bonds" (US Savings Bonds are just a continuation of WWII War Bonds, but the profits from the artificially-low interest rates go into the general treasury rather than being earmarked for war these days). The [treasury] bonds that are funding the current US wars are being bought by China's and other world central banks, and it is presumably these financiers that are voting for the wars. It would make sense to sell war bonds if they could only be sold to flesh-and-blood US citizens of voting or fighting age; then we'd have a valid referendum on them.
>> The [treasury] bonds that are funding the current US wars are being bought by China's and other world central banks, and it is presumably these financiers that are voting for the wars.<<

That's a good point.

>>It would make sense to sell war bonds if they could only be sold to flesh-and-blood US citizens of voting or fighting age; then we'd have a valid referendum on them.<<

I'd say voting age.

Hey, here's an idea -- we could sell peace bonds too! Then peacemongers who want to put their money where their mouth is could thereby indicate their disapproval of the war. Funds raised by selling peace bonds could then be used to pay for such socially beneficial things as:
* classes in nonviolent parenting for abuse survivors
* anger management counseling for domestic abusers
* conflict-resolution training for communities
* anti-bullying training for schools
* research projects studying peace and ways of creating/maintaining it
* publication of books about peace and peacemaking skills
So then we'd have another point of comparison: if war bonds out-sell peace bonds, then war is desired by the citizens; if peace bonds out-sell war bonds, then peace is desired instead.

Right now the government is deeply in debt. I'm not comfortable with that, but I'm even less comfortable with cutting off crucial services and letting our infrastructure disintegrate until it kills people. I think the government might have better luck raising money if it gave people ways of funding things they want. And yes, we can fund non-government things already, but frankly the only thing our government seems to listen to right now is MONEY. So I'd like more ways for the citizens to use their folding green votes.
Better still, war bonds backed by the government we're trying to prop up. So that if it fails, those who supported it don't get paid back.

What? You don't like that, Mr. Hawkish? You said our cause was just, that God was on our side! If that's true we can't fail. If you're right, it's a sure bet. Put your money where your mouth is!

Me? No thanks. Not interested. I'm not as comfortable telling God who he supports as you seem to be.
>> Better still, war bonds backed by the government we're trying to prop up. So that if it fails, those who supported it don't get paid back. <<

All American dollars are backed by said government. If it fails, we are all destitute, except for the rich who have some of their wealth in other currencies and/or non-economic goods. That's among the most compelling reasons for doing everything possible to keep this rickety boat afloat and discourage people from drilling holes in the hull.

>> I'm not as comfortable telling God who he supports as you seem to be.<<

*laugh* In my observation "God favors the side with better weapons." Unless we're talking about trickster gods. They favor whatever will cause the most amusing mayhem.