09.24.14

Our greatest national resource: Arms peddling

Posted in Crazy Weapons, Culture of Lickspittle, WhiteManistan at 2:35 pm by George Smith

Hot off the wires, a gigantic American arms sale to South Korea, to counter what Reuters calls its “restive neighbor,” North Korea.

We only do the best, most expensive and modern arms packages:

SEOUL (Reuters) – South Korea will sign a deal this month to buy 40 Lockheed Martin Corp F-35 fighter jets for about 7.34 trillion won ($7.06 billion) for delivery in 2018-2021, two Lockheed flunkies people with knowledge of the transaction told Reuters on Wednesday …

The company said the agreement includes a substantial “offset” package, including a military communications satellite that will be launched into orbit and then operated by South Korea, as well as significant technical support for South Korea’s K-X program to develop its own domestic fighter jet.

One of the sources said South Korea would sign a follow-up contract with the United States to allow basic maintenance of the jets within South Korea.

The F-35 could not have been developed, built, tested and advertised without the deep pockets of the American people.

In keeping with the theme of considering arms sales as national group-owned goods that ought to contribute to resource wealth fund, a 30 percent value added tax on the sale would potentially reap the following benefit for Americans:

$7, 000, 000, 000 x .30 = $2, 100, 000, 000

And why should we not have that? Americans have devoted their lives earnings to the nurture of the best environment for arms manufacturing in the world.

From Monday: Give Americans a royalty on arms sales.

2 Comments

  1. Ted Jr. said,

    September 26, 2014 at 7:44 pm

    re:Give Americans a royalty on arms sales.

    An idea that will never fly. The arms manufacturers don’t want their margins cut to less than 50%.

  2. George Smith said,

    September 28, 2014 at 2:12 pm

    Of course it wouldn’t. As a matter of fact, others have talked about adding VATs to common resources developed by taxpayer money and now used by the private sector, but they’ve never included arms sales. Financial transactions, VATs on ISPs, that kind of thing. None of them would have any chance of getting through, either. In a corporate dictatorship, one run on deifying reverse Robin Hood-ism, no such thing is possible.

    I’ve noticed Osborne just promised more jobs for unemployed youths by reducing their benefit and insisting they will have to take apprenticeships or internships, or something. No more loafers!