–Surprise! Latest right wing hero turns out to be a lying bigot. So what else is new? Thursday, Apr 24 2014 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
●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 ultimately leads to civil disorder.
●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.
●Everything in economics devolves to motive,
and the motive is the gap.
======================================================================================================================================================================================

You would think that after so many right wing heroes have turned out to be idiots, bigots or worse — Herman Cain, Newt Gingrich, Sarah Palin, Michele Bachmann, Rush Limbaugh, Glenn Beck, the list goes on and on — the Republicans would have learned something. Sadly, no.

You’ve read about Cliven Bundy, the latest in a long line of Republican heroes. He became a conservative celebrity for valiantly fighting against the big, bad old government that wants to kick his cows off his land — land that his ancestors settled in 1877 before the federal government illegally laid claim to it.

He recruited patriotic citizens — armed men and women — to protect him from the U.S. government, and its illegal laws. Those brave souls scared off the weak, government lawmen.

Except:

1. Bundy admits he doesn’t actually own the land. Instead, he now claims the State of Nevada owns the land, so presumably he owes rent (which he never has paid) to Nevada, instead of owing rent (which he also never has paid) to the U.S. government.

2. According to Gene Lyons in the Arkansas Times:

One thing about that mangy posse of anti-government crackpots camped out at Cliven Bundy’s place in the Nevada desert: Most don’t know a thing about cattle ranching.

See, it’s calving season across most of the country. No rancher worthy of the name is going to run off leaving his cows to fend for themselves while he fights somebody else’s battles. Particularly not some deadbeat who refuses to pay his grazing fees, and who claims that the same laws that apply to every other rancher in the United States don’t apply to him.

A guy who wraps himself in the stars and stripes while proclaiming “I don’t recognize the United States government as even existing.”

Nationally, some 18,000 ranchers lawfully graze 157 million acres of federally-owned property supervised by the Bureau of Land Management, at subsidized rates. No wonder the Nevada Cattleman’s Association–not exactly a left-wing organization—has stated that while its membership has perennial issues with the BLM, it encourages obeying the law and “does not feel it is our place to interfere in the process of adjudication in this matter.”

See, this isn’t land the U.S. seized by eminent domain. Surrendered to the Feds by Mexico in 1848, it never belonged to the state of Nevada, which didn’t yet exist. The U.S. District judge who ordered Bundy’s cattle removed ruled that he “has produced no valid law or specific facts raising a genuine issue of fact regarding federal ownership or management of public lands in Nevada, or that his cattle have not trespassed.”

See, it’s a form of welfare the BLM oversees, but it helps sustain a way of life Americans are nostalgic about. The various “Sovereign Citizen” groups and armed militia types playing soldier in the desert, however, are something else. While the BLM was wise not to confront the mob, the current triumphalism among far-right zealots can’t be seen as anything but ominous.

One wonders, however, how the armies of April will react to a Las Vegas TV station’s revelation that much of Bundy’s personal saga is make-believe. Grazing Golden Butte since 1877? Not quite. His father bought the Bunkerville ranch in 1948; they began renting BLM land in 1954.

3. Bundy is a racist of the worst kind. According to TPM Livewire:

Cliven Bundy Wonders If Blacks Are ‘Better Off As Slaves’ Than On Gov’t Assistance

“I want to tell you one more thing I know about the Negro,” the rancher began as he described a “government house” in Las Vegas where he recalled that all the people who sat outside seemed to “have nothing to do.”

“And because they were basically on government subsidy, so now what do they do? They abort their young children, they put their young men in jail, because they never learned how to pick cotton. And I’ve often wondered, are they better off as slaves, picking cotton and having a family life and doing things, or are they better off under government subsidy? They didn’t get no more freedom. They got less freedom.”

And there we have it — yet another right-wing nut-case bigot–a deadbeat who won’t pay his bills, but complains about others receiving a government subsidy, and who simply cannot help lying, insulting and otherwise demonstrating abject stupidity.

I wonder how those goofballs with guns, who put their lives on the line for Bundy, feel now. Well, we know how the right wing politicians feel:

The NY Times reached out to spokespeople for Sens. Rand Paul (R-KY) and Dean Heller (R-NV), who have spoken in support of Bundy, and for Texas Attorney Gen. Greg Abbott (R). Those who responded distanced themselves from Bundy and his remarks.

A spokesman for Heller, who had called Bundy and his supporters “patriots,” told the Times that the senator “completely disagrees with Mr. Bundy’s appalling and racist statements, and condemns them in the most strenuous way.”

A spokeswoman for Abbott, (said his) letter to the agency “was regarding a dispute in Texas and is in no way related to the dispute in Nevada.”

A spokesman for Paul told the Times that the senator wasn’t immediately available for comment.

As Louisiana Republican Governor Bobby Jindal famously said, “We’ve got to stop being the ‘Stupid Party,’”

Keep trying, right wing folks. So far, it hasn’t worked. Must be in the genes.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually
8. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)

—–

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

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:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

THE RECESSION CLOCK
Monetary Sovereignty Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the lines rise. Federal deficit growth is absolutely, positively necessary for economic growth. Period.

#MONETARY SOVEREIGNTY

–The latest gun laws: Ignorance, stupidity or insanity — or something more devious? Wednesday, Apr 23 2014 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
●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 ultimately leads to civil disorder.
●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.
●Everything in economics devolves to motive,
and the motive is the gap.
======================================================================================================================================================================================

Here is the path the right wing has taken us down. Is it ignorance, stupidity or insanity — or something more devious:

Ga. governor signs ‘guns everywhere’ into law
Georgia Gov. Nathan Deal signed a controversial gun bill into law on Wednesday
Larry Copeland and Doug Richards, USA TODAY 4:17 p.m. EDT April 23, 2014

ELLIJAY, Ga. — It’s legal for licensed gun owners in Georgia to pack heat in bars, schools, churches and some government buildings.

Georgia Gov. Nathan Deal, a Republican, on Wednesday signed the state’s “Safe Carry Protection Act,” which critics dubbed the “guns everywhere bill,” in north Georgia, on the edge of the Chattahoochee National Forest and Cohutta Wilderness area.

The new law, which goes into effect July 1, allows licensed gun owners in Georgia and visitors from 28 other states to bring a gun into a bar without restrictions and carry a firearm into some government buildings that don’t have security measures. It also allows school districts to decide whether they want some employees to carry a firearm and religious leaders to decide whether to allow licensed gun owners to tote to their church, synagogue or mosque.

Guns in bars? What could possibly go wrong with that? Doesn’t everyone trust a drunk with a loaded gun?

But really, why stop with semi-automatic guns with big magazines? Why not fully automatic, belt-feeding machine guns in bars? C’mon Governor, don’t be such a wimp. Machine guns for everyone, everywhere.

But no problem Gov., because you have rejected the ACA Medicaid expansion (and the free federal $2.9 billion your taxpayers forfeited), your people will die younger anyway. So gun killings won’t make all that much difference in Georgia’s average life expectancy.

Kansas will nullify local regulation of guns
By JOHN HANNA-Associated Press

TOPEKA, Kan. (AP) – Kansas will strip cities and counties of their power to regulate guns and nullify local gun regulations in July, ensuring it will be legal across the state to openly carry firearms and adding to a string of victories in recent years by gun-rights advocates.

Gov. Sam Brownback announced Wednesday that he signed a bill late the previous day preventing local officials from restricting the sale of firearms and ammunition or regulating how guns are transported and stored. The National Rifle Association has described the legislation as a model for states seeking to strip local officials of gun-regulating powers.

Brownback has consistently supported gun rights, and the GOP-dominated Legislature had solid gun-rights majorities even before the Republican governor took office in January 2011.

Hey, aren’t you the same geniuses who want to teach creationism in science classes? And aren’t you also the same geniuses who cost your taxpayers $5.9 billion in federal funds by not not expanding Medicaid coverage under “Obamacare”? Sure you are.

But is this ignorance, stupidity or insanity — or something more devious? Ask yourself this: Who are most likely to be killed by guns? The rich or the rest? Who live in the most dangerous neighborhoods? The rich or the rest. Think about it, and think about why the right wing, which is most closely aligned with the rich, opposes gun control.

The more miserable the rich can make the lives of the rest, the greater the gap — and that really is all the rich care about.

Anyway, here is a copy of a letter I am sending to politicians around America, but not to Georgia or Kansas. Under the circumstances, it would have been a waste of postage.

The Supreme Court has blocked many efforts at gun control. Let’s be clear; there are no foolproof ways to eliminate gun violence. The best we can hope for is partial solutions.

Here are two partial solutions that have not been tried, and would pass Constitutional muster:

Partial Solution I: Identify the “Bad Guys”

As Wayne LaPierre famously said, “The only thing that stops a bad guy with a gun is a good guy with a gun.” But how can we identify the “bad guys”?

To date, gun control advocates have focused on background checks, which the NRA sees as a secret plot to take guns away, or to give the government a list of gun owners, for some devious purpose.

So how do we “stop” bad guys with guns, if we don’t know who they are?

There really is only one way to identify bad guys and to prevent these bad guys from obtaining guns and from shooting people: Convince the bad guys to self-select. We have to convince them that shooting someone or even carrying a gun, would be a bad idea.

Here, in common English, is the bare bones of a suggested law. (I’m sure the politicians could translate it into appropriate legalese):

Any person who commits a felony while carrying a gun, shall be sentenced to a prison term of 20 years to life, in addition to the term for the felony itself.

Example: You rob a store, while you are carrying a gun. The judge sentences you to two years in jail. Ordinarily, you’d be out of jail in about 18 months.

But with the above law in force, you’d serve at least 22 years (“20-years-to-life” means a minimum of 20 years).

Too harsh? Not at all. Wayne LaPierre wants to shoot those bad guys. This law mercifully only jails them.

The only ones punished are the bad guys — the felons. And although the law doesn’t require shooting them, it will keep them off the streets and even make them think twice before carrying guns.

In the mean streets of many cities, it’s become a badge of honor, not at all a deterrent, for a gangbanger to spend a couple years in jail, get his tattoos, then come out and start shooting again.

But 20+ years? That’s a whole different ball game.

LaPierre might object that the proposed law doesn’t ask good guys to shoot bad guys — just jail them. But I think he’ll like the rest of the law

1. It identifies the bad guys, without good guys having to undergo background checks.
2. Good guys can keep their guns.
3. Bad guys are “stopped,” without the need for good guys to start a dangerous shootout, in which innocent good guys could be killed.
4. The long jail sentence could dissuade bad guys from carrying guns.

It’s a solution that accomplishes everything Wayne LaPierre and the NRA wants, and nothing they don’t want. It evolved directly from LaPierre’s own words.

Good guys should welcome this law. It says nothing about taking away your guns. It allows you to stockpile all the guns you want — pistols, rifles, shotguns, AK47s — whatever feels good to you.

Partial Solution II: Make the Gun Providers Liable

Pass a local ordinance saying, in essence:

Any manufacturer, seller or provider of a gun that is used in a felony shall have the same criminal and civil liability as the actual perpetrator of the felony.

If you make or sell or give someone a gun that is used in a crime, you are responsible for that crime. Harsh? Unfair?

Some municipalities have “dram shop” laws, making a tavern responsible for damages, where intoxication was at least one cause of the damages. Sell liquor to a drunk; the drunk commits a crime; you are fined and/or go to jail.

If you feed someone liquor in your home, and that drunk gets into an accident, you could be found guilty of aiding and abetting.

These laws are weak (they generally don’t apply to the manufacturers, importers, wholesalers or package liquor dealers), are different in every municipality, and are difficult to apply across state lines, but the point is, they do make sellers liable for a product they sell, even though they themselves didn’t misuse it.

So even these woefully weak laws make bartenders a bit more cautious about selling drinks to doubtful people.

The precedent of making a seller liable for the misuse of product he sells, could be extended to guns. Gun manufacturers, wholesalers, retailers, even private citizens, would be liable for crimes committed with guns. So you, the gun provider, better set up a system to prevent your customer, or your customer’s customer, from misusing the gun.

Rather than trying to outlaw gun ownership, which the Supreme Court says won’t work, merely make gun ownership more costly. Sellers probably would have to buy expensive insurance, the cost of which would be added to the cost of the gun.

–Would these two ideas eliminate guns? No.
–Could honest people still obtain guns? Of course.
–Could criminals still obtain guns? Sure.

But the increased cost, and increased liability, represent a step from the current, insufficient control for the single most dangerous, easily available product the world ever has known.

Dear readers. You might wish to cut and paste this letter and send it to your politicians.

Future Americans will look back on our century, and shake their heads in wonderment at the abject stupidity they see. The fact that people believe adding guns will reduce gun killing and gain “freedom,” is so ludicrous as to be beyond belief. It will be the way we feel about the people who claimed the world was flat and the sun was the center of the universe.

But really, why not machine guns, Mr. LaPierre?

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually
8. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)

—–

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

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:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

THE RECESSION CLOCK
Monetary Sovereignty Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the lines rise. Federal deficit growth is absolutely, positively necessary for economic growth. Period.

#MONETARY SOVEREIGNTY

–Great news about killing people Monday, Apr 21 2014 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
●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 ultimately leads to civil disorder.
●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.
●Everything in economics devolves to motive,
and the motive is the gap.
======================================================================================================================================================================================

You know how those worthless gang bangers shoot at each other, and half the time they miss and wind up killing some innocent kid, who might have grown up to discover the cure for cancer or the solution to poverty, or in many other ways lead a worthwhile, productive life of benefit to humankind?

You know how all that human potential disappears because of the easy availability of guns?

Well, finally we have a solution to that problem:

Introducing the Semi-Automatic Smart Rifle.

TrackingPoint smart rifles, developed by military experts and a team of over forty engineers, have virtually eliminated shooter error and adverse conditions from the firing equation. Our Tag-Track-Xact system can more than double the proficiency of a skilled shooter and let them take shots they’d never before even attempt, while capturing it all on video.

TrackingPoint smart rifles increase effective range, maximize accuracy, and almost entirely eliminate the possibility of errant shots. We’ve combined our technological innovations with the best hardware in the American gun industry has to offer, fusing our integrated trigger and groundbreaking scope system with 7.62, 300 BLK & 5.56 Semi Auto Platforms along with .338 Lapua and .300 Win Mag bolt action rifles to create a firing system unparalleled in the world today.

TrackingPoint is excited to report that the US Military has begun evaluation of smart rifle systems!

Supply of our AR Series line for 2014 is extremely limited, and the link above will give potential buyers an opportunity to try TrackingPoint at a local range, see the full line of capabilities provided by our technology, and even get your hands on your own PGF while the chance is still available.

For videos, photo galleries and in-depth technology info CLICK HERE to learn how the smart rifle works, and get your chance to get behind one soon!

What happens when you put a smart rifle in the hands of stupid people?

The killing just keeps getting better and better.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually
8. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)

—–

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

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:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

THE RECESSION CLOCK
Monetary Sovereignty Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the lines rise. Federal deficit growth is absolutely, positively necessary for economic growth. Period.

#MONETARY SOVEREIGNTY

–Life in a Jobs Guarantee (JG) World Monday, Apr 21 2014 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
●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 ultimately leads to civil disorder.
●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.
●Everything in economics devolves to motive,
and the motive is the gap.
======================================================================================================================================================================================

We previously have written about Modern Monetary Theory’s JG (Jobs Guarantee)

Why Modern Monetary Theory’s Employer of Last Resort is a bad idea. Sunday, Jan 1 2012

MMT’s Job Guarantee (JG) — “Another crazy, rightwing, Austrian nutjob?” Thursday, Jan 12 2012

Why Modern Monetary Theory’s Jobs Guarantee is like the EU’s euro: A beloved solution to the wrong problem. Tuesday, May 29 2012

“You can’t fire me. I’m on JG” Saturday, Jun 2 2012

The JG (Jobs Guarantee) vs the GI (Guaranteed Income) vs the EB Saturday, Saturday, Jan 25 2014

You can refer to those articles, to see the many, many objections we have to the JG concept. For your amusement, we also provide this playlet: “Life in a Jobs Guarantee (JG) World: A Dialog Between a Small-town Mayor and His Comptroller”:

Comptroller: Mr. Mayor, I have a great idea for saving money.
Mayor: Let’s hear it.

C: We fire everyone.

M: Everyone?

C: Yup, even you and me. Then we hire everyone back as JG — you know the program that says, “Everyone who wants a job, gets a job.”

M: But doesn’t JG pay minimum wage? I can’t live on minimum wage. No one can. Minimum wage people have 2nd and 3rd jobs.

C: We just give you and everyone else, bonuses on top of your minimum wage, to bring you back up to your regular salary.

M: What if JG won’t allow people to earn more than minimum wage?

C: That would be quite a problem, wouldn’t it? The federal government staffing up to make sure millions of people, all over the country, don’t make more than minimum wage? No raises. No bonuses. No promotions of any kind. Millions of minimum wage slaves, courtesy of the federal government?

M: Well, that’s the federal government. Is there a work-around?

C: Sure. We hire everyone’s wife and kids and cousins, aunts, uncles, friends, girlfriends — everyone in town — to be on JG. Get enough non-working people on JG, and the town will do just fine. And they don’t really have to do any actual work. Just sign up.

M: Great idea. We’ll save bundles of money.

C: But it gets better. You know how we’ve been trying to get Walmart to open here? Well, they already pay minimum wage, but we’ll put all their people on our JG, so Walmart doesn’t have to pay any salaries at all. That would be a huge saving and attraction for Walmart — an entire army of free employees, all paid by our minimum wage, JG. In fact, we could pay every Macdonalds, Burger King, and pizza parlor employee on our JG — the entire town could work on our JG.

M: But what if the government limits how long someone could be on JG?

C: You mean limited like unemployment compensation is limited? Isn’t the whole idea of JG, anyone who wants a job gets a job?

M: What about FICA?

C: Naturally, JG would have to cover FICA, too.

M: How do we get these people to do anything. I mean, if we fire someone . . .

C: Yah, he could get another JG job. That is a bit of a problem, I guess.

M: Any age limitation? Could an 80-year-old get JG?

C: Sure, anyone who . . .

M: Yah, I know. Anyone who wants a job, gets a job. What’s the economic benefit of starving the elderly, especially since lots of older people currently are among the able-bodied employed? But what if the government demands that people receive a “living wage” for JG, not just a minimum wage?

C: Better yet. Of course, what’s a “living wage”? Is it different in Manhattan than here in Nowheresville? There would have to be all sorts of formulas to account for different costs of living.

M: But wouldn’t the supervision of all this require a bureaucratic federal army — sort of like the IRS, only bigger?

C: Sure, that’s the beauty of it. The federal government would put a few hundred thousand more people on the payroll — more people working at minimum wage.

M: Is the bottom line, millions of people would “work” at meaningless, phony, minimum wage jobs, whether they actually show up or not, and the rest of the country would be paid for actual work?

C: Right.

M: If minimum wage or living wage were, say, $10 an hour plus FICA, for doing nothing, how much would a business have to pay someone to do actual work?

C: Good question. I mean, you’re not going to work 40 hours, just to make an extra $2 an hour, are you?. Probably regular paying jobs will have to add the same amount. If JG was was $10, a regular job probably would have to be about $20 plus FICA.

M: So businesses would be forced to pay a lot more, including FICA, in order to get non-JG employees. But why would they go to all that extra expense if JG employees are that much cheaper, and there are all those work-arounds?

C: Isn’t JG great! Just imagine. Millions upon millions of people in meaningless, no-raise, no-advancement, no-show-up jobs. An army of low level people, being ruled by a few wealthy overseers. It’s a 1%er’s Utopia.

M: Where did this business model come from? Businessmen?

C: No. Economists.

Perhaps, we should take one more look at the Nine Steps to Prosperity.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually
8. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)

—–

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

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:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

THE RECESSION CLOCK
Monetary Sovereignty Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the lines rise. Federal deficit growth is absolutely, positively necessary for economic growth. Period.

#MONETARY SOVEREIGNTY

Next Page »

Follow

Get every new post delivered to your Inbox.

Join 274 other followers