The dirty little secret of federal finances is even revealed on your tax return.

Inflation (blue line) is caused by shortages of oil, leading to price increases (red and green lines).

Let’s set the stage for that secret with a typically misleading article.

The following is THE WEEK magazine’s summary of an article that appeared in the Washington Post.

See whether you can locate the two words that are not just misleading but utterly wrong:

Taxing “the rich” won’t suffice, Henry Olsen, The Washington Post
“Progressives are afraid of taxes,” said Henry Olsen. To pay for trillion-dollar stimulus and infrastructure plans and expand the social safety net, Democrats always say they’re limiting their tax hike to “the rich.’
But “the trouble for the Left is that you can’t pay for the government they want by taxing only the rich.”
Every social democracy in the world has far higher tax rates for the middle class than the U.S. Canada pays for its single-payer health-care system and an extensive social safety net with a national 5 percent sales tax, provincial sales taxes of up to another 10 percent, and a top income tax rate in Ontario of 46.13 percent on income of more than $175,000.
In the U.K., taxpayers get hit with a 40 percent tax on incomes of just $52,100, and 45 percent at $208,600. That comes on top of a 20 percent value-added tax on all goods and services , and a $3-per-gallon gas tax.
In Denmark, the top tax rate of 55.9 percent kicks in at $86,500, and there’s a 2.5 percent falue-added tax.
If progressives want “a social democratic utopia,” tehy’ll have to persuade middle-class Americans “to pony and pay for it.”

O.K., I made it too simple for you clever readers. The words, of course, are “pay for,” because:

Federal taxes do not pay for federal spending.

As former Federal Reserve Chairman Alan Greenspan said,

“There is nothing to prevent the federal government from creating as much money as it wants and paying it to somebody.”

And Greenspan wasn’t the only one. As former Federal Reserve Chairman Ben Bernanke said,

“The U.S. government has a technology called a printing press (or its electronic equivalent) that allows it to produce as many U.S. dollars as it wishes, at essentially no cost.”

So, since the U.S. government can create as much money as it wants, at essentially no cost, and pay it to somebody, why in the world would the government use tax dollars for that purpose?

Not only do federal taxes not pay for federal spending, but no form of federal government income pays for anything. 

For instance, when you or your accountant filed your tax return, did you notice this little box? You, having a reasonable command of English, may think this means there is something called a “Presidential Election Campaign” fund, and by checking the box(es) you are directing the government to send $3 to this fund.

Notice that you are told, “Checking a box below will not change your tax or refund.

“Hey, wait!” you cry. “Even if such a fund exists, where would the $3 come from? If it won’t come from me, and if it won’t come from my taxes. So where?”

Answer: It comes from the same place all federal payments come from: The federal government creates all payments from thin air by arbitrarily first creating a bookkeeping line, in this case called “Presidential Election Campaign,” and then, also arbitrarily increasing the total on that line, whenever it wishes.

You see, money is not a physical thing. All dollars are created by arbitrary laws, and merely are numbers on someone’s books, most often owned by a financial institution like a bank, a securities brokerage, a credit card company, etc.

Federal dollars are numbers on the federal government’s books, over which the federal government uniquely has 100% control.

No, those green pieces of paper in your wallet are not dollars. They are dollar bills. Dollar bills are titles to dollars. They are evidences that you own dollars, which are numbers on federal balance sheets.

Just as a house title is not a house, and a car title is not a car, a dollar bill is not a dollar. It is just a title, a form of contract between you and the federal government which essentially says, “The bearer of this bill owns one dollar.”

Laws forbid banks, brokerages, and credit card companies from arbitrarily entering any notation on their books at whim. But no law restricts our Monetarily Sovereign federal government from doing exactly that.

It’s what the word “Sovereign” means. Why? Because the federal government “owns” all laws regarding its sovereign currency, the U.S. dollar.

Remember Alan Greenspan’s phrase, “creating as much money as it wants”?

Remember Ben Bernanke’s phrase, “as many U.S. dollars as it wishes”?

That’s Monetary Sovereignty. The federal government, being the inventor and issuer of the U.S. dollar, can do anything it wishes on its books.

So, with no “by your leave,” it can create an account called “Presidential Election Campaign,” and put whatever number it wishes next to that name. And that is the dirty little secret:

The federal government has absolute control over all aspects of federal finance.

It can’t run short of dollars because it creates them at will.

After you ponder that a bit, you might ask, “If the federal government creates dollars at will, why am I paying taxes?”

Good, legitimate question. You probably thought (because you were told) that the federal government collects taxes in order to pay its bills.

That’s what Henry Olsen, of the Washington Post, seems to, or pretends to, and wants you to, think. But no, your federal taxes fund nothing.

In fact, they are destroyed upon receipt by the U.S. Treasury. The day your tax dollars are removed from your checking account, they cease to exist in any money-supply measure. Gone. Poof!

This is completely different from your state and local government tax payments. When those dollars are taken from your checking account, they are added to the state/local government’s account at a private bank. They continue to exist as part of what’s known as the M1 money supply.

The U.S. federal government is not constrained by anything regarding U.S. dollars. It can create them and destroy them at will. It can revalue or devalue the dollar, whenever it wishes. It can change the terms of its contract with you, the bearer of dollar bills, simply by passing a law.

The federal government has the legal power to do anything it wishes regarding U.S. money.

Compare that with the monetarily non-sovereign states, counties, cities, villages, and businesses. They don’t have that legal power, nor do you.

GOP leader John Boehner famously said, “We are broke,” referring to the U.S. debt.  He was lying. But, even those who dismissed his lie, did so with another lie that “federal debt is projected to shrink.”

That is not the reason we aren’t “broke.” Federal debt has nothing to do with the federal government’s ability to pay its bills. The reason we aren’t broke is that we create dollars, ad hoc, every time we pay a bill.

And by the way, the federal “debt,” isn’t even a debt. It’s more like a safe-deposit box, where dollars are held in accounts that never are touched. So when President Obama said the following, he either was ignorant or lying:

We need to reduce the deficit by $4 trillion. So what choices are we going to make to reach that goal?
Either we ask the wealthiest Americans to pay their fair share in taxes, or we’re going to have to ask seniors to pay more for Medicare. We can’t afford to do both.  
Either we gut education and medical research, or we’ve got to reform the tax code so that the most profitable corporations have to give up tax loopholes that other companies don’t get. We can’t afford to do both.  
It’s math. The money is going to have to come from someplace. And if we’re not willing to ask those who’ve done extraordinarily well to help America close the deficit and we are trying to reach that same target of $4 trillion, then the logic, the math says everybody else has to do a whole lot more:
We’ve got to put the entire burden on the middle class and the poor. We’ve got to scale back on the investments that have always helped our economy grow.
We’ve got to settle for second-rate roads and second-rate bridges and second-rate airports, and schools that are crumbling.
I will veto any bill that changes benefits for those who rely on Medicare but does not raise serious revenues by asking the wealthiest Americans or biggest corporations to pay their fair share. 

Ignorant or lying? I personally believe the man was lying through his teeth. He must have known this line, “We can’t afford to do both,” was an outright lie.

After all, Ben (“. . . produce as many dollars as it wishes”) Bernanke was the Fed Chairman during Obama’s term. Are we to believe these men didn’t communicate?

State and local government taxes fund state and local government spending. But, the sole financial purpose of federal taxes is to help the federal government control the economy, not to obtain spending money for the government.

The government can tax what it wants to discourage, and it can give tax breaks to what it wants to encourage. Period.

There is one other purpose — a not directly financial purpose — for federal taxes, and it is the reason the politicians, the media, and the economist try to keep secret from you: The very rich run America, and the very rich do not want you to narrow the income/wealth/power Gap between you and the very rich.

The wider the Gap, the richer they are, but your receiving federal benefits would narrow the Gap. The rich want you to believe the government can’t afford to give you things like Medicare for All, Social Security for All, College Education for All, better housing, better food, better neighborhoods — all the things that separate the very rich from you.

It’s called Gap Psychology: The desire to distance oneself from those below you on any social scale.

So the rich bribe politicians via political contributions and promises of lucrative employment.

And the rich bribe the media via advertising dollars and outright media ownership.

And the rich bribe the university economists via donations to universities and lucrative jobs on think tanks.

Almost all your sources of information are either bribed by the rich or are brainwashing those who are not bribed.

They lie, to make you think the government is short of dollars.

They lie, to make you think the federal “debt” is, like real debts, a burden on the government and will be paid by you and your children.

They lie, to make you think the federal deficit is something other than a benefit to you.

And now, as you read this, President Biden wishes to pump another $2 trillion into the economy, while the GOP wishes to cut back the amount you receive — for no good reason — and both lie that taxes will have to pay for it.

And on top of those lies, they also lie that federal spending causes inflation, when in fact the only thing that causes inflation is shortages, most often shortages of oil or food.

It’s all a dirty little secret, a lie, the Big Lie.

And so long as you and the public believe it, the Gap between you and the rich will continue to widen.

Now that you know the dirty little secret, what are you going to do about it?

I asked, What Are You Going To Do About It?

…………………………………………………………………………

Rodger Malcolm Mitchell [ Monetary Sovereignty, Twitter: @rodgermitchell, Search: #monetarysovereignty Facebook: Rodger Malcolm Mitchell ]

THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE. The most important problems in economics involve:

  • Monetary Sovereignty describes money creation and destruction.
  • Gap Psychology describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”

Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics. 

Implementation of Monetary Sovereignty and The Ten Steps To Prosperity can grow the economy and narrow the Gaps: Ten Steps To Prosperity:

  1. Eliminate FICA
  2. Federally funded Medicare — parts A, B & D, plus long-term care — for everyone
  3. Social Security for all
  4. Free education (including post-grad) for everyone
  5. Salary for attending school
  6. Eliminate federal taxes on business
  7. Increase the standard income tax deduction, annually.
  8. Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.
  9. Federal ownership of all banks
  10. Increase federal spending on the myriad initiatives that benefit America’s 99.9% 

 

The Ten Steps will grow the economy and narrow the income/wealth/power Gap between the rich and the rest.

MONETARY SOVEREIGNTY

 

Do these lines move together, randomly, or in opposition? What is your opinion?

Would you say these lines move together?   That is, when one goes up, does the other also go up?

Or, do they move randomly, so that when one goes up, the other sometimes goes up and sometimes goes down?

Or do they move in opposition, so that when one goes up, the other goes down? What is your opinion?

I ask because these two lines demonstrate one of the beliefs-vs.-facts arguments we seem to endure all too often in economics. Perhaps because economics is intertwined with psychology, a science notable for guesses trumping facts — or lack of facts — that economics is so filled with myths.

Contrary to popular belief, which is taught in our schools by educated economists, here are some of the facts that are not taught:

Federal “debt” is not real debt. The federal government does not owe it.

The federal debt is infinitely sustainable. Federal “deficits” are economic gains.

The federal government neither needs, keeps, nor uses federal tax dollars or any other form of income.

The federal government cannot run short of dollars. The federal government creates new dollars, ad hoc, by spending.

The federal government does not borrow. T-bills, et al, do not provide the government with dollars. “How will you pay for it” never is a legitimate question regarding federal spending initiatives.

Gold is not, and never has been money. It is, and always has been, nothing but an ore. Federal government spending grows the economy. State/local government spending does not.

The debt ceiling does not put a ceiling on federal debt. Federal “trust funds” are not trust funds and they do not pay for federal spending.

Lately, because of massive spending by the federal government, you have begun to hear about the menace of inflation. The wrong belief is that federal spending causes inflation by increasing the money supply. It’s what you have been told thousands of times.

And it makes intuitive sense. After all, when you increase the supply of something without increasing the demand, the relative value declines. And you surely have seen photos of people, in hyperinflation-ravaged nations, carrying loads of currency in wheelbarrows.

But, in this case, intuition is misleading. Increasing the supply of money does not decrease its value. In the above graph, I do not see any sort of “together” movement. I do not see a cause/effect relationship.

Here is the same graph, except with labels attached. The blue line shows changes in prices. The red line shows changes in federal debt. I see peaks in one corresponding to valleys in the other.

Blue = price annual % increases. Red = federal debt annual % increases.

From the above graph, it would be very difficult to deduce that increases in federal debt cause increases in prices. In fact, a better case could be made that increases in federal debt cause a decrease in prices, and that decreases in debt caused an increase in prices.

How is that even logical? I can visualize one possibility. Federal debt, which results from federal deficit spending, stimulates the economy, i.e. it stimulates business’s anticipation of demand.

Even today, businesses are ramping up production in anticipation of increased sales due to projected federal stimulus spending. Is it possible that this anticipation causes businesses to overshoot their production, leading to excess supply and reduced prices?

Perhaps, but for whatever reasons, federal deficit spending has not caused inflation, at least, not inflation above the Fed’s arbitrary, 2% goal.

Over the long term, prices have increased. There has been some inflation. And we know that federal debt has increased. Is this the cause/effect we have been told about?

Here are the same data viewed from another perspective, and with the addition of Gross Domestic Product (green). Since 1970, prices (blue line) have risen slowly, GDP (green) has risen faster, while federal debt (red) has risen massively. This indicates three things you will not hear from the media, the politicians or the expert economists:

  1. Even during massive debt increases, prices have moved up moderately, actually below the Fed’s target.
  2. As federal debt increases, GDP grows faster than inflation.
  3. The growing debt is not a burden on the government, on taxpayers, or on the economy.

Sadly, these facts will not sway those whose motive clearly is to widen the Gap between the rich and the rest.

By claiming that federal spending to support the poor and middle-income groups is unsustainable, the purveyors of the “Big Lie” help enrich the rich and impoverish the rest. 

That is what the “Big Liars” are being paid to do. Rodger Malcolm Mitchell [ Monetary Sovereignty, Twitter: @rodgermitchell, Search: #monetarysovereignty Facebook: Rodger Malcolm Mitchell ]

===============================================================

THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE. The most important problems in economics involve:

  • Monetary Sovereignty describes money creation and destruction.
  • Gap Psychology describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”

Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics. Implementation of Monetary Sovereignty and The Ten Steps To Prosperity can grow the economy and narrow the Gaps: Ten Steps To Prosperity:

  1. Eliminate FICA
  2. Federally funded Medicare — parts A, B & D, plus long-term care — for everyone
  3. Social Security for all
  4. Free education (including post-grad) for everyone
  5. Salary for attending school
  6. Eliminate federal taxes on business
  7. Increase the standard income tax deduction, annually.
  8. Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.
  9. Federal ownership of all banks
  10. Increase federal spending on the myriad initiatives that benefit America’s 99.9% 

 

The Ten Steps will grow the economy and narrow the income/wealth/power Gap between the rich and the rest.

MONETARY SOVEREIGNTY

 

 

Correcting the Big Lie

If the Washington Post and the other major media were honest, this is what tomorrow’s front pages would look like
For those who wish to see a classic example of the Big Lie (that federal deficits cause inflation and are a burden on taxpayers) read this article from the Washington Post.
U.S. government spent $660 billion more in March than it collected in revenue, the third-largest monthly deficit on record
Translation: “. . . the third-largest monthly economic gain on record.” (When the government pumps more money into the economy than it takes out in taxes, that is an economic gain for the economy.)
Stimulus plan and $1,400 checks drove spending much higher as the White House and Republicans clash over where to spend money next. By Jeff Stein, April 12, 2021 at 2:00 p.m. EDT The federal government spent $660 billion more than it collected in tax revenue this March, the Department of Treasury said Monday, as the Biden administration’s stimulus package pushed the U.S. monthly deficit near record highs.
Translation: ” . . . pushed the U.S. monthly economic gain near record highs.” (That’s the purpose of a stimulus — adding money grows the economy.)
The U.S. spent $927 billion in March alone — more than double the level from March 2020 — a jump due primarily to the disbursal of tens of millions of $1,400 stimulus payments under the American Rescue Plan. Meanwhile, tax revenues stayed largely flat, with the government only collecting slightly more than last March. The resulting deficit is the third largest ever in American history, Treasury officials said, eclipsed only by April and June of last year — when the U.S. authorized larger levels of emergency spending to head off the economic crisis caused by the pandemic. The monthly deficit had contracted relative to the summer months as federal spending expired and the U.S. economy began to heal.
Translation: “The resulting economic gain is the third highest in American history . . . to head off the economic crisis caused by the pandemic.” (Neither you, nor your children, nor your children’s children will ever pay for the so-called “deficit.” Our Monetarily Sovereign federal government funds its payments by creating new dollars, ad hoc.)
The U.S. budget deficit breached $3.1 trillion in 2020 as the pandemic slammed economy Over the first six months of the current fiscal year, the government’s budget deficit has reached $1.7 trillion, a massive sum. America’s annual deficit hit $3.1 trillion in 2020, an all-time high that far surpassed the previous record of $1.4 trillion, which came in 2009 during the depths of the Great Recession.
Translation: “The U.S. economic gain breached $3.1 trillion as the pandemic slammed the economy.” “. . . the economic gain has reached $1.7 trillion, a massive sum.” “America’s annual economic gain hit $3.1 trillion in 2020, an all-time high . . . ” (And despite all the handwringing by pundits, there is no inflation.)
Democrats and Republicans authorized much of the emergency spending last year as a way to try and stop an economic collapse. They are at odds, though, over spending levels in 2021. The government has to borrow money to cover deficits, and it does this by issuing debt. Interest rates are relatively low, which has made it cheaper to borrow, but the federal debt has grown markedly in the past year.
Translation: “The federal government, being Monetarily Sovereign, does not need to borrow money to fund an economic gain, nor does it issue debt. In an unrelated process, the government accepts deposits into T-security accounts, which are like interest-paying safe-deposit boxes. Unlike “borrowing,” the federal government never touches the dollars in T-security accounts.” ” . . . relatively low, and interest rates have no effect on the federal government’s ability to increase the economic gain.
Most of the new stimulus payments have already been sent out and are reflected in the March data. Still, budget experts say higher-than-usual deficit totals are likely to continue for the rest of the year. On a call with reporters, Treasury officials noted that all the funding from last year’s Cares Act and the rescue plan had not yet been allocated.
Translation: “Fortunately, budget experts say higher-than-usual economic gain totals are likely to continue for the rest of the year.”
“This is going to be a big deficit year because we were already running substantial deficits and passed a $1.9 trillion bill,” said Marc Goldwein, a budget expert at the Committee for a Responsible Federal Budget, which advocates for lowering the deficit. “This is not higher than expected. It’s what you’d expect with a $1.9 trillion stimulus on top of a structural deficit.”
Translation: “This is going to be a big economic gain year, because the economy already was running substantial gains . . . ” “It’s what you would expect with a $1.9 trillion stimulus on top of a structural gain.”
Jeff Stein is the White House economics reporter for The Washington Post. 
Translation: Jeff Stein is a White House economics reporter who is paid to promulgate the Big Lie that economic gains are a burden on the federal government and on taxpayers. Because the federal government is Monetarily Sovereign, it pays for its spending by creating new dollars, ad hoc. The federal government has the infinite ability to create dollars, so no tax dollars are used for federal spending. (The sole economic purpose of federal taxes is to allow the government to control the economy. It taxes things it wishes to discourage, and it give tax breaks to what it wishes to encourage.) Thus, the whole reason for calling is a a federal “deficit” is to mislead. The purpose of the misrepresentation is to dissuade you, the public, from demanding more benefits from the government. Because those benefits tend to narrow the income/wealth/power Gap between the rich and the rest, the rich pay the politicians, the media, and many economists to promulgate the Big Lie. Shame on Mr. Stein, and shame on the Washington Post, and shame on all the other media, the politicians, and the economists who disseminate the Big Lie. Shame, for doing the dirty work of the very rich. ………………………………………………………………………… Rodger Malcolm Mitchell [ Monetary Sovereignty, Twitter: @rodgermitchell, Search: #monetarysovereignty Facebook: Rodger Malcolm Mitchell ] THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE. The most important problems in economics involve:
  • Monetary Sovereignty describes money creation and destruction.
  • Gap Psychology describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”
Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics. Implementation of Monetary Sovereignty and The Ten Steps To Prosperity can grow the economy and narrow the Gaps: Ten Steps To Prosperity:
  1. Eliminate FICA
  2. Federally funded Medicare — parts A, B & D, plus long-term care — for everyone
  3. Social Security for all
  4. Free education (including post-grad) for everyone
  5. Salary for attending school
  6. Eliminate federal taxes on business
  7. Increase the standard income tax deduction, annually.
  8. Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.
  9. Federal ownership of all banks
  10. Increase federal spending on the myriad initiatives that benefit America’s 99.9% 
  The Ten Steps will grow the economy and narrow the income/wealth/power Gap between the rich and the rest. MONETARY SOVEREIGNTY</span

Hate = Fear and why you are a raincoat

Hate = Fear

Hate = Fear

It is impossible to hate someone or something without feeling fear. Fear is the baseline emotion, the protective emotion, and hate is the response. Hate/fear is the evolutionary reaction to threat.

The “witches” of Salem were hated because they were feared. We have evolved to hate as a way to attack our fears. 

Evolution has one goal: Survival.

But that goal is not the survival of you, an individual creature. It is not even the survival of your, the creature’s, family or species. It is survival of the life code — the DNA or RNA. 

We merely are vessels for our life code, which is our real ruler. We are the fur-lined, armor-plated raincoat our DNA wears to protect it from the universe. It is not we who adapt to the life-threatening changes the universe throws at us; it is our DNA that creates the new, improved raincoat.

The universe is antithetical to life. What with the universe’s cold and heat, and its radiation-filled, explosive tendencies, the existence of life is rare and amazing. Yet, here we are.

And while life may lurk in other places than eath, we’ve yet to find it, despite all our efforts.

We have not even agreed on the definition of “life.” I suspect that if a definition is possible it will involve some sort of creation code, like the aforementioned DNA or RNA.

Fear is the essence of survival, but we hold it in low esteem. No one is admired for being a coward, though the fearful merely follow nature’s survival instructions. The dead hero has less chance to pass along his genetic code than does the live coward.

Seemingly then, one might think evolution points us toward being cowards. But the brave have one evolutionary advantage. They have the courage to experiment.

Evolution is a trial and error process, with trillions of trials, trillions of errors, and only a few successes. But those successes are the ones that survive against difficult and changing environments to sire the next generations of adaptations.

And if anything is admired less than the fearful it is the hater, though they are the same. A hater is a sheep in wolf’s clothing.

We do not fear the fearful — “disgust” comes closer — but we do fear the hater, thus returning his hatred.

…………………………………………………………………………………………………………………………………………………………………………………………………..

It can be said that the most fearful, indeed most cowardly, people on earth are the hate-mongers: The Nazis, the “Proud Boys,” the white supremacists, QAnon, the boogaloo bois, et al.

Their mien is designed to intimidate, with tattoos, flags of hatred, fierce beards, military garb, guns, helmets — these are the shields behind which the cowards hide. And they never allow themselves to be alone.

They feel less fearful hiding in crowds of like-minded cowards. 

As cowards always do, their leader cozies up to bullies: Putin, Kim, Duterte, and of course, the very rich. He wishes to be one of them, though they laugh at his efforts.

Their leader, so cowardly he invented “bone spurs” to stay out of the military, has been, of late, America’s leading hate/fear monger. He promulgates hate/fear everywhere: Immigrants, Mexicans, Muslims, gays, the Chinese, blacks, the “deep state,” left-wingers, the “swamp,” and all those who reveal the truths about him.

He specializes in hating the poor and powerless. He wasted the influence of his office trying to take the ACA healthcare program from the poor, and had to settle instead for a tax program that widens the income/wealth/power Gap between the very rich and the rest.

His politicians reliably oppose aid to the poor, falsely characterizing them as lazy takers who, if given even a pittance, will not wish to work or to improve themselves, but instead will loll about or commit crimes.

And that leads us to excerpts from the following article.

Poorer children “failed by system”

Research Findings:

  1. Poorer children struggled to access higher levels of education, even when their primary school results were high
  2. Wealthier children with low test scores, conversely, were able to catch up to the rest of their classmates

The research incorporates information about education levels attained by the poorest 25% and the wealthiest 25% of participants at ages 8, 12, 15, 19 and 23.

The attainment gap between “high-promise” children from the top and bottom wealth quartiles widened during school, even with similar early test scores.

Wealthier children were far more likely to embark on all forms of tertiary studies, including university, technical colleges, and teacher training. 

Even among students who finished secondary school with comparable levels of learning, the attainment gap between the rich and poor students remained significant, with wealthier students more likely to progress to higher education.

“What is clear is that these inequalities in higher education access have nothing to do with ability: This is about systems which are consistently failing poorer children,” says Dr Sonia Ilie, lead author and senior researcher at the Faculty of Education at Cambridge.

The reasons for poorer learning outcomes among poorer children include limited educational resources, limited support at home, and practical difficulties with school attendance.

The fear/hate mongers spread the lie that there are basic human differences between the poor and the rich. They falsely characterize the poor as lazy and lacking ambition.

The mantra is, “If you give them unemployment compensation or food or anything else characterized as ‘welfare,’ they won’t work.”

But your daily experience shows that the poor generally are forced to labor harder, at more difficult jobs than do the rich. And compared to the rich, for whom all doors open, the poor face constant barriers to improvement.

It’s not lack of character or ability that stymies the poor; it’s lack of opportunity.

In addition to spreading the BIG LIE that federal taxpayers pay for federal spending, the haters of the poor promulogate the notion that money is wasted on the poor.

The BIG LIE is the quasi-logical support for the fear/hatred that keeps the poor down.

And that is the connection between our two stories.

A lie cannot long survive without willing believers.

Fear-created hatred provides nourishment for the Big Lie that federal taxpayers pay for benefits to the poor.

Fear/hatred supports the belief that the poor deserve their poverty, and that belief provides justification to deny them support. It destroys our compassion. It justifies our cruelty. It is the basis for Gap Psychology, the desire to distance oneself from those below, and to near those above.

Fear/hatred is how, through the centuries, no much evil has been done in the name of Jesus Christ, who did not fear and did not hate, but preached only love. His most ardent followers have been, and remain, his most ardent deniers. 

Your DNA does not care about your hate, fear, love, compassion, morals or beliefs. In the universe, there is no “care.” Your DNA is coldly and chemically practical. It creates your fear/hatred. You have no choice. 

You are a dispensible fur-lined, armor-plated raincoat, to be tossed away when the weather changes. 

How does that feel?

…………………………………………………………………………

Rodger Malcolm Mitchell 

[ Monetary Sovereignty, Twitter: @rodgermitchell, Search: #monetarysovereignty Facebook: Rodger Malcolm Mitchell ]

THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE. The most important problems in economics involve:

  • Monetary Sovereignty describes money creation and destruction.
  • Gap Psychology describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”

Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics. Implementation of Monetary Sovereignty and The Ten Steps To Prosperity can grow the economy and narrow the Gaps: Ten Steps To Prosperity:

  1. Eliminate FICA
  2. Federally funded Medicare — parts A, B & D, plus long-term care — for everyone
  3. Social Security for all
  4. Free education (including post-grad) for everyone
  5. Salary for attending school
  6. Eliminate federal taxes on business
  7. Increase the standard income tax deduction, annually.
  8. Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.
  9. Federal ownership of all banks
  10. Increase federal spending on the myriad initiatives that benefit America’s 99.9% 

 

 

The Ten Steps will grow the economy and narrow the income/wealth/power Gap between the rich and the rest. 

MONETARY SOVEREIGNTY