●The more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor, which leads to civil disorder.
●Cutting the deficit is the government’s method for taking dollars from the middle class and giving them to the rich.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
●To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
All governments are ruled by the rich and powerful. And it is in the nature of the rich and powerful continually to try to become even richer and more powerful.
Becoming richer requires widening the gap between rich and poor. Becoming more powerful requires widening the gap between powerful and weak. Without the gap, no one would be rich and no one would be powerful.
So, governments tend to favor increasing the gap between the rich and the rest, and in fact the gap has widened in America for at least the past 45 years.
That being the case, what shall we do about it?
News > UK > UK Politics
Union leader warns of civil unrest in face of austerity programme
Sunday, 13 January 2013
A union leader has called for a campaign of “civil disobedience” in protest at the Government’s austerity measures.
Unite’s Len McCluskey pledged to “fight all the way to the next election” as he said no form of protest, including the prospect of a general strike, should be ruled out. He said the Govern- ment’s policies, designed to balance the nation’s books, were leaving working people feeling “battered”.
Of course, the UK, like the U.S., is Monetarily Sovereign, so has no need to “balance the nation’s books.” Presumably, the UK politicians, like the U.S. politicians, know this, but care little. They have been bought by the 1%.
Mr McCluskey told Sky News’s Murnaghan programme: “When governments are acting in a way that is against ordinary working people we have a right, in fact we have a duty, to stand up and protest. Those protests will take all kinds of different forms – marches on streets, civil disobedience, industrial action. All of those should be used and none of them should be ruled out.”
President Obama, the self-proclaimed protector of the middle class, has increased the most regressive tax in American history, FICA. He also has pledged to reduce Social Security further, and has spoken of “reforming” Medicare.
Thus, Obama favors austerity, impacting the upper 1% income group far less than it impacts the 99%, so widening the income gap.
The question at hand is, what can the 99% do to protect themselves against the injustice of the 1% continually stealing the public’s wealth and power?
Rodger Malcolm Mitchell
Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D — for everyone
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
4. Long-term nursing care for everyone
5. Free education (including post-grad) for everyone
6. Salary for attending school (Click here)
7. Eliminate corporate taxes
8. Increase the standard income tax deduction annually
9. Increase federal spending on the myriad initiatives that benefit America’s 99%
No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia. Two key equations in economics:
Federal Deficits – Net Imports = Net Private Savings
Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports