Further Cases to Take Through the Traversals

Table of Contents

The three traversals through the RESC (Rigged Economy Supply Chain) can be applied to each area of the economy, rigged or not. Their structure provides the approach to figure out whether a proposed economic sector is rigged and how much is being stolen. 

In this section, I’ll provide a primer to areas citizens are currently debating. Consider the key questions in relation to the traversals. Understand that the Zero Theft Movement does not assume any proposed area is rigged. We decide whether a proposed instance of the rigged economy is theft through voting—a democratic process where everyone has the opportunity to have their say.  

The Non-Interference Clause in the Medicare Modernization Act (MMA)

  • Do pharmaceutical companies make more profit because the HHS Secretary cannot negotiate?
  • Is it unethical that the government cannot negotiate medicine prices for Medicare Part D?
  • Congress and presidents after President Bush could have passed laws to make it legal for the HHS Secretary to negotiate. Have they not because they are selling out and supporting corporations over the people? Or is the lack of change due to other reasons?
  • Did lobbyists effectively block Bush’s ability to reduce medicine prices? 
  • Did politicians sell out American citizens?
  • Are pharmaceutical companies stealing from American citizens?

Get further details on this debate:

See what your fellow citizens have reported:

Rises in Globally High Medicine Prices

  • According to ABC News, “In the U.S. people spend, per person and [per year], nearly double on pharmaceutical drugs—$1,443—compared to the average of other countries, $749.”
  • Congress and/or pharmaceutical regulators could list which companies are charging Americans more for their drugs than what they charge citizens in other countries with similar salaries/GDP. Do legislators and/or regulators do this?
  • They could name the drugs that have gone up in price for no apparent ethical reasons (e.g. Penicillin and other old, off-patent antibiotics). Do legislators and/or regulators do this? 
  • Legislators and regulators could thoroughly investigate the drug industry and publish a big report exposing the companies they believe are committing foul play. Do they do this? 
  • If they aren’t taking these actions, are they helping crony corporations rig drug prices to unethically profit off US citizens? Remember: inaction can be viewed as enabling crony corporations. 

Get further details on this debate:

See what your fellow citizens have reported:

The Savings & Loan (S&L) Crisis

  • The savings and loan crisis of the 1980s and 90s refers to the failure of ~1000 of 3,234 total S&Ls. An S&L or “thrift” is a financial institution that accepts savings deposits and makes mortgage, car and other personal loans to individual members 
  • The Government Accountability Office (GAO) estimated taxpayers absorbed $132.1 billion of the costs incurred by the S&L Crisis. 
  • The Justice Department convicted more than 1,000 people.
  • Did any of those convicted serve their sentence or even go to jail?
  • Did legislators and regulators fix anything fundamentally? New laws, or stricter enforcement of laws? 
  • Did crony capitalists unethically profit off of and tank the S&L industry, causing the American public to pay for the fallout?
  • Did Congress sell out the American people?

Get further details on this debate:

See what your fellow citizens have reported:

Multinational Corporations & Tax Evasion

  • The Organization of Economic Co-operation and Development (OECD) conducted a study with nearly 100 cooperating countries, finding €10 trillion (US$11.3 trillion) was kept by their residents in 84 million offshore accounts. That’s about half of the US GDP.
  • The leak of the ‘Panama Papers,’ in 2016, revealed the extent of tax evasion all over the globe.
  • After the release of the Panama Papers, did Congress and regulators investigate the issue? Did they hold the multinational corporations and wealthy individuals accountable for the assets they might be holding in tax havens?
  • Do wealthy people in the U.S. go to jail for tax evasion? If they don’t, why not? 
  • Are Congress and regulators selling out year after year by not addressing the supposed trillions in profits being held offshore? 

Get further details on this debate:

See what your fellow citizens have reported:

Traversals Through the Rigged Economy Supply Chain

If an ongoing problem does not get fixed or reform does not occur after crises, rigged economy theft simply continues. Congress and regulators should be acting in our best interests by outing the problem and who is behind it.

The cases outlined above are only a few of the potential areas that have been rigged. Make sure to see the Zero Theft Movement’s long list of potentially rigged areas. You will discover (1) whether citizens believe theft is occurring in that area, per the citizen’s votel; and (2) estimates for the amount stolen in that area each year.

Standard Disclaimer

The Zero Theft Movement does not have any interest in partisan politics/competition or attacking/defending one side. We seek to eradicate theft from the U.S economy. In other words, how the wealthy and powerful rig the system to steal money from us, the everyday citizen. We need to collectively fight against crony capitalism in order for us to all profit from an ethical economy.   

Terms like ‘steal,’ ‘theft,’ and ‘crime’ will frequently appear throughout the book. Zero Theft will NOT adhere strictly to the legal definitions of these terms (since congress sells out). We have broadly and openly defined terms like ‘steal’ and ‘theft’ to refer to the rigged economy and other debated unethical acts that can cause citizens to lose out on money they deserve to keep.