The one percent keep coming up in the news. Now it seems that one percent owns fifty percent of everything. How did we get into this terrible imbalance? How can we fix it? Even Western values tell us that too much power in the hands of a few leads to oppression and terrible injustice. Despite the whining of those with excessive wealth that those who object must somehow be Communists, we innately know differently. Something inside everyone of us tells us that there is injustice going on but we cannot quite put our finger on it. We cannot quite define what that injustice is because we have discarded a standard that would tell us exactly what the problem is. That standard is the Jubilee system found in the Bible. There is no evidence that even the ancient Israelites practiced Jubilee economics though it was enshrined in their law. There is something of the sucker in us all in that we are reluctant to reset the clock on the wealthy. We kowtow to their demands. We let them get away with gross excess even though we find it to be disgusting.
The Jubilee was a form of redistribution of the wealth every 50 years. It was not Communism. Communism was not private ownership. It was state theft of private property. Jubilee economics is entirely private ownership. Over the course of a 50 year period, some people worked hard and did well. They could lease the lands of their neighbors for up to 50 years. Others were lazy, or had calamity strike, and so were forced to lease out family holdings in order to stay afloat. Some even got so far into debt that they were forced to sell their personal services for up to 50 years, a form of voluntary slavery.
Imagine America starting off with everyone owning a rough equivalent of property. If this had been reset every 50 years, we would not have the incredible inequality that exists today with the one percent. We would not even be having this discussion. What we can see is how quickly a system can get out of hand and how few 50 year periods it takes for a small percentage begin to own half of a country’s wealth. In past times we have tried to solve this problem with revolution and with taxes but neither has been a permanent solution. Only the Jubilee system provides a permanent answer.
How could we turn the clock around and implement this system today? It would take an enormous amount of courage on the part of legislators. News outlets and all the other purveyors of lies that falsely call themselves a news service would certainly crank up the propaganda machines to try and stop it. The super rich would take out advertising and pressure our legislators to the breaking point. However, let’s imagine that true democracy actually returned to America and we were able to get this through. How might it look?
Would we demand that billionaires give lands to the poor in a form of lottery? Would we demand that billionaire bank accounts be redistributed to the poor? Would we allow the super wealthy to keep the equivalent value of a family farm? How would we prevent the super wealthy from spiriting billions of dollars overseas to avoid redistribution? How would we punish those who sought to sneak their way out of this massive Jubilee style redistribution? How would we seek the cooperation of other nations to prevent funds being sent overseas? How would we make sure that this redistribution was indeed approximately equal across the board? Would we tax the super rich like they do in Scandinavian countries, some of the most equal societies on earth?
There are many, many questions as to how such a Jubilee could be accomplished, but one thing is for certain: some form of redistribution is urging every country on earth right now. China, Russia, Europe and America have one thing in common: the oligarchs, the one percent are becoming richer and the rest are suffering. Some form of Jubilee redistribution screams from every slum corner and every valley of despair. We desperately need relief from the greed and excesses of the one percent.