JPMorgan CEO Dimon says in annual letter that there's 'something wrong' with the US



JPMorgan CEO Dimon says in annual letter that there's 'something wrong' with the US; the Humanity Party® responds to each issue and presents the solutions.


Global financial experts have issued the same warning to the American people as JPMorgan’s CEO:

“[Your] problems are significant, and they are not the singular purview of either political party.  [You] need coherent, consistent, comprehensive and coordinated policies that help fix these problems, …The solutions are not binary — they are not either/or, and they are not about Democrats or Republicans.  They are about facts, analysis, ideas and best practices (including what we can learn from others around the world).”

THumP® offers “coherent, consistent, comprehensive and coordinated polices that CAN fix these problems.

Dimon points out the following problems facing Americans:  

“low wage growth, high health-care costs and overcrowded prisons, businesses are overburdened with regulations, the nation’s infrastructure needs help, and the education system ‘is leaving too many behind.’  Among the other ills: taxes are making U.S. companies less competitive globally, income disparity is widening, and social mobility is decreasing.”

One of the main issues that daily affects every American is the high cost of healthcare.  Dimon pragmatically explains that “we can learn from others around the world.”  Single-payer (the government) healthcare is the norm of all of Earth’s developed countries except one: the United States.  It’s an easy solution and can directly affect Dimon’s other concerns.

If people didn’t have to pay for healthcare, they would have extra monthly income to subsidize their “low wages.”  Stress would decrease significantly along with the public’s trust in their government.  “My government finally cares about me.”

Some of the opponents of socialized healthcare are concerned about who is going to pay for it.  The answer is simple: the same source that pays for the wars of the past, present, and future.  When the public finally understands how a government finances war, it can properly understand how every developed country in the world (except the U.S.) finances socialized medicine.  

The argument that socialized medicine is less efficient and less competent than free market, profit-based healthcare is simply ignorant.  Except for some uninformed U.S. citizens, no other person in the developed world would replace their country’s socialized medicine with the U.S. for-profit system … NOT ONE!

Overcrowded prisons is a cause of an uncontrolled judicial system that is supported by prosecution for profit.  Attorney fees are out of control.  The poor seldom receive equal due process of law (ostensibly guaranteed to them) from overburdened public defender offices.   The legal system, although touted as one of the best in the world, must be recognized for what is: a system that incarcerates more of its citizens than any other country in the world.  This is a huge flaw.

The judicial system is controlled by the U.S. Constitution.  The U.S. Constitution is interpreted by the judicial system.  The people do not control their judicial system, therefore accordingly, they do not benefit from their own constitution.  THumP®’s constitutional amendments and proposals, in regards to the Judicial branch of government, are profound and address the legal system, bringing it under the control of the people it was meant to serve and protect.

An easy and simple solution to prison overcrowding is to completely decriminalize drug use.  Once decriminalized, retroactively pardon and release all inmates who committed drug-related offenses.  Alcohol is a drug.  The same regulations, taxes, and oversight of the alcohol industry can be implemented in the drug industry.  The U.S. government could not stop alcohol consumption in the 1920′s and 30′s, nor can it stop drug use today.  It must focus on the underlying reasons why Americans want to take drugs: hopelessness and societal dysfunction.

The “other ills,” mentioned by Dimon, “taxes are making U.S. companies less competitive globally, income disparity is widening, and social mobility is decreasing,” can be solved by getting rid of the current tax system and replacing it with an Consumption Based Tax.  The wealthy have more money to consume than the poor.  Therefore, their taxes will always be higher when taxes are based on consumption.  Corporations, which is the backbone of technological advances and competition in providing better goods and services should not be taxed.  Dimon states,

“We believe the anticipated reversal of many negatives and the expectation of a more business-friendly environment, coupled with our sustained, strong business results [can aid in solving the problems].”

What should never be taxed is the basic goods and services that all humans need to survive.  These FBNL (Five Basic Necessities of Life) should be offered to all people, free of charge, from the day of their birth, to the day of their death.  The Humanity Party® shows how this can be done helping the rich to become richer in the process.  (See video.)

THumP®’s solutions are indeed “coherent, consistent, comprehensive and coordinated.”  Study them and see for yourself: www.humanityparty.com.

THumP® has the solutions.  No one else does.

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© THE HUMANITY PARTY® (THumP®), 2020