EVERYONE SHOULD BE MADE AWARE THAT WE ARE LIVING IN THE FALL OF AMERICA.MAKE NO MISTAKES ABOUT IT REGARDLESS TO WHAT THE SCHOLARS AND PUNDITS OF THIS WORLD MAY SAY TO THE CONTRARY,WE ARE MOST SURELY IN THE LAST HOURS OF A DOOMED SOCIETY.
YES I KNOW THAT SOME DEEP SO-CALLED PATRIOTS OF AMERICA WISH THESE FACTS WERE NOT SO,BUT YOU HAVE NO SAY AFTER THE SUPREME GOD MAKES HIS DECISION.BECAUSE THE SUPREME GOD’S DECISION IS ALWAYS JUST,TIMELY,PRECISE,MATHEMATICAL,AND SCIENTIFICALLY …THOSE WHO LOVE NOT THAT WHICH HE(GOD) HAS ORDAINED, NATURALLY WILL NOT WANT THAT WHICH THEY LOVE REMOVED,BUT THEY TOO WILL BE AND ARE BEING REMOVED JUST AS THAT WHICH THEY LOVE(THIS SOCIETY) IS BEING DIVINELY REMOVED
SO TODAY WE HAVE ARRIVED AT THAT GREAT DAY OF DECISION.YOU NOW HAVE A CHOICE ON WHICH WAY YOU SHALL CHOOSE.I WARN YOU TO HURRY AND MAKE A SCIENTIFIC EDUCATED DECISION AS THE TIME(OF THE WORLD) IS LIMITED AND DESTRUCTION AND COLLAPSE IS NOW TAKING PLACE,BUT HURRY HURRY HURRY FOR THE WORST IS STILL YET TO COME!!—-EXCERPT FROM,”THE FALL OF AMERICA”-CHAPTER 59;”
Holy Qur’an, Chapter 78:2 “Of the tremendous announcement.”
2 “The Day of Decision.” We are now living in the time in which we must decide on what we shall do. It is very important that we arrive at a solution, come to a definite agreement.
3 You, Black man of America, are holding back your decision. You are waiting because of the people who have brought this Day of Decision to us by their way of rule. Their rule is in the way of injustice.
4 Now the God of Justice is before us, and we must decide upon whether or not we will accept a change of rules or remain under the present rule that is passing from the scene.
5 We must decide rightly in order to relieve the people of the pressure of injustice. Let our decision be for the benefit of our present and our future generations.
6 We have no objection to that person who makes up his mind to remain in what he is already in. However, this announcement of great importance is laid before you and me so that we may come to some kind of decision: agreement on what we shall do about the truth of this announcement.
7 The announcement is the truth. It is asking us to decide on whether or not we are going to accept the truth or remain in falsehood. It is called “The Day of Decision.” Decide this day which God you shall serve — the God of freedom, justice and equality or the same old wicked god whose rule Allah (God) is here to bring an end to.
8 The wicked rulers veil the eyes of the people with falsehood so that the people may take falsehood for truth and truth for falsehood. This is what the Bible and Holy Qur’an teaches us.
9 All of the important announcements made by the prophets from Moses to the present day — the enemy of truth has deceived the people and made the people think that they were listening to falsehood. They made the people think that the prophet and his God were too weak to prevail over falsehood with truth.
10 What is said here in this writing is directed to the Black man in America. He is the real one who must decide on whether or not to remain in what he is in or accept a better world that is ruled by the God of freedom, justice and equality.
11 My Black brother, I want you to know that you are in a pitiful condition here in this day in which the announcement is being made to you to make up your mind about what you are going to do. In plain words, I wish to write here and tell you that you do not have a long time in which to decide on what you want to do.
12 Thinking that you have a long time to decide is the mistake that people made in the past. Noah’s people and Lot’s people were the losers for ignoring the announcement from these worthy prophets. They waited, for they thought that what they had was going to continue to be.
13 We here in America do not have to wait and see; for America is folding up under divine chastisement and destruction is taking place before your and my eyes. Also, the Bible and the Holy Qur’an prophesied of these days and what is going on. These days are the days of judgment of Allah (God) against the wicked.
14 To see ‘more’ may mean the end of your life and my life as it was with the people of Noah and Lot who waited to see ‘more’. They could not come to a decision point of agreement. They waited and maybe you too will wait.
15 To wait for the truth to be fulfilled means that we will suffer the consequences of the truth — for not accepting the truth. “The Day of Decision.”
16 As there were opponents of the prophets in the past, we have opponents of the prophet in this modern time. With all of the warning that was given before these days, we could make our decision so easily.
17 Remember the people of Noah had no prophets nor scripture before Noah. Again, remember that even as late as the time of Moses, the people of Moses, the Israelites, had no previous scriptures before Moses.
18 You, Black brother, are better off. You have all the scriptures that were given to prophets throughout the whole six thousand years of the white man on the planet earth. And then you will be so foolish as to delay in making a good decision until you see something happen and as the Holy Qur’an and Bible teaches us, or until you see the angels coming in the clouds of heaven before you make up your mind. But still probably you would reject that. Surely it will come in the clouds of heaven. But as the Holy Qur’an teaches you, it will not be a good day for you who have waited for such time. When the angels come in the clouds of heaven they will not be coming to do anything like preaching or giving you further knowledge. It is prophesied that on the Day of judgment the angels will come to execute judgement on you for not believing and to save those who do believe.
19 The preacher, the Messenger, is the first to be judged. Then the angels come to execute judgment on those who did not believe the Message. The angels in the time of Lot are a good warning to you today. Those people were lost, for the angels came to execute judgement on the opponents and disbelievers of Lot and the cities of the plaine where he was living.
20 “The Day of Decision” only means the resurrection and judgment of the present world. As Jesus prophesied, as it was in the Noah, Abraham, and Lot, so it will be today. They were eating and drinking having a “good time” as they called it; but it is not a “good time”; it is a wicked time.
21 The history teaches us that by waiting they were the losers; but yet, it will be the same, today. It is the same, for it is going on now. You are rejecting this truth and you are accepting falsehood instead.
22 Naturally, the enemy of truth is angry with the Bearer of the Truth because by nature the enemy was not made of truth. He was made of falsehood.
23 But again the Book (Bible) teaches that “Whosoever believe, the same shall be saved.” This is truth, whether he is white or Black. If a white man, woman, boy or girl believes, even though by nature thy are not the real righteous, their faith will get them out of the hell that Allah (God) threatens this world with. And their time will be prolonged. I am sure that you know this. They also know this. A remnant of them will escape if they have the faith in Allah (God) and His Religion, Islam, and Jesus prophesied in the Bible,…that even though an enemy give one of his least ones (believers) a drink of water, and that being an act of goodness, the God will Not deprive that act of goodness of its reward.
24 Make up your mind. Come to a right decision. I warn you.”
Crises expose the system’s irrationalities and wasteful resource allocations. For example, Madoff and his many, smaller imitators reveal the tips of corruption icebergs. More important, the crisis-induced fiscal emergencies looming in most of the 50 states demonstrate several absurdities in our economic system.
The Center on Budget and Policy Priorities (CBPP) in Washington, DC monitors and calculates the gap between the fifty states’ tax revenues and expenditures. The following recent CBPP chart compares the total state budget shortfalls in both the last recession and the current one. Today’s record shortfalls measure how many billions states will need to raise in additional taxes or cut their expenditures (or combinations of both) in this and coming years.
At a time of crisis, while the federal government injects unprecedented stimulus (tax cuts and expenditure increases) into the U.S. economy, the fifty states are doing the opposite. State tax hikes and expenditure reductions will continue to undermine or slow any recovery. Moreover, the American Recovery and Reinvestment Act (Obama’s stimulus program) has offset only modest portions of the states’ fiscal budget shortfalls for 2009 and 2010. The CBPP estimates that the worst of the budget crisis will hit states in 2011 and 2012. The carnage will total a huge net $260-billion even after allowing for the federal stimulus funds still available then to flow to states. Another way of putting this is to note that the just released third quarter (Q3) of 2009 Gross Domestic Product (GDP) number was lower than it would have been without the depressing effect of the fifty states’ tax hikes and expenditure cuts. We saw states and municipalities spend 1.1% less in Q3 than they had in Q2, despite rising need.
State taxes are generally more regressive than the federal income tax and so fall relatively harder on middle and lower income groups. Likewise, state expenditures tend more immediately to impact those same groups since they include major supports for public education and myriad social programs. The negative economic effect of the states’ fiscal crises will heavily impact the mass of U.S. citizens already angered by high unemployment and foreclosure rates as they observe trillions of bailout dollars flowing to banks and corporations ‘too big to fail.’
The CBPP also studied what kinds of budget decisions the states have already made because of the crisis. Key findings include the following:
27 states have reduced health benefits for low-income children and families;
These state actions not only undercut the federal government’s short-term stimulus goals; they also impose long-term costs on the economy in the diminished health and education of the U.S. workforce. Just when the mass of Americans need more help and support from their state governments, our economic system provides them with less. This raises the human and fiscal costs of the crisis.
If the states represent a fiscal train wreck, then the nation’s cities and towns represent another train not far behind and hurtling toward the wreck. The basic revenue for U.S. cities and towns comes from property taxes on land, homes, stores, factories, offices, and automobiles. As the prices of most of those properties fall, eventually the local property tax revenues from them also fall. Reassessing those property values usually takes a few years. Thus, the likely drop in tax revenues for cities and towns will only hit over the next few years. Their fiscal distress will then pressure them to raise tax rates, cut expenditures, or both. Doing so will counteract what the federal government is trying to do for the economy thereby worsening what the states are already doing.
The depth and duration of this crisis has thus only begun to bite deeply into the economy. Its negative social consequences, in the short and long runs, are rising fast. Recent GDP numbers point to the ability of torrents of deficit spending (and a fall in the U.S. dollar’s exchange rate with other major currencies) temporarily to lift the total volume of sales. However, the much touted GDP numbers for the second half of 2009 do not represent beneficial economic change for the mass of citizens.
For those who are willing to look beyond the usual economic blinders, here’s an old suggestion that only seems new because of the effective ban put on public discussion for so long. At the present time, the vast majority of U.S. states and municipalities exempt intangible property from property taxes. That is, stocks and bonds are kinds of property not subject to the taxes on other kinds of property (land, houses, etc.). If we imposed a very low rate of property tax on intangible property, it would cover the present and anticipated fiscal shortfalls of U.S. cities, towns, and states. Moreover, an intangible property tax would fall on those most able to pay, those who fared best since the 1970s as the gap between rich and poor widened sharply. If coordinated across all states and cities (perhaps levied and collected by Washington and then returned to states and municipalities), intangible property owners would have no incentive to move it from one place to another.
In short, an intangible property tax is a logical as well as long-overdue reduction in the unfairness of a property tax system that exempts just that kind of property – stocks and bonds – mostly held by the richest citizens. Indeed, an intangible property tax could exempt, say, the first $150,000 of intangible property per person to avoid hurting small owners and compensate by a progressive intangible property tax schedule for all the larger owners. By falling most on the wealthiest among us, it would have a significantly less negative impact on total spending than broad-based state and local tax increases or public expenditure cuts. An intangible property tax thus represents the best state and local response to the current crisis, minimizing its long-term costs and bringing some justice to the tax system. •
Rick Wolff is a Professor Emeritus at the University of Massachusetts in Amherst and also a Visiting Professor at the Graduate Program in International Affairs of the New School University in New York. Check out Rick Wolff’s documentary film on the current economic crisis, Capitalism Hits the Fan, and his website at www.rdwolff.com. This article first appeared on the MRZine website.
|Global Research Articles by Rick Wolff“|