Why do they want to make you angry at the wrong thing? Tuesday, Apr 16 2019 

I’ll tell you who “they” are and what the “wrong thing” is. But allow me to lead off with some excerpts from the anti-government site, Reason.com.

Fundamentally, Reason.com believes all governments are too large, no matter how large or small they may be.

Of course, making a government smaller does not make it more efficient, more benevolent, or wiser. 

Government is an easy target, because as you repeatedly have been told, government is terrible, except for one little thing: In a world without government, we would be starving, non-human, savage, undisciplined animals. 

Recently, Reason.com published an article titled, GOVERNMENT WASTE, Happy Tax Day! Here Are 6 Infuriating Ways the Government Spends Your Money
Surprised? Yeah, neither are we. By, JOE SETYON | 4.15.2019

The article refers to the federal government (important point). Excerpts:

Happy April 15, everyone! The federal government collects about $3.5 trillion in tax revenue each year, according to the White House Office of Budget and Management. Here, in no particular order, are six of the more infuriating ways that money has gone to waste.

1. $300,000 on 391 coffee mugs
2. $400,000 to promote asset forfeiture…in Paraguay.
3. $13.6 million to hire two border agents
4. More than $325,000 for Mike Pence’s national anthem stunt
5. $333,000 to study bars on the U.S.-Mexico border
6. Nearly $3 million to study dance clubs

If you’re curious, you can click the above link to read the details about each expenditure, but the point is that the federal government spent millions, billions and even trillions on lots of stuff that seems really dumb, and the writer wants you to be angry that these “useless” expenditures are taking dollars from your taxpayer pockets.

And it’s all a lie.

Those payments for coffee mugs, Paraguay, border agents, Pence, bars, and dance clubs didn’t cost you one cent. In fact, those payments put dollars into your pockets.

All federal “wasted” spending puts dollars into your pockets.

Now, if the article had been talking about state government or local government waste, it would have been correct. State and local taxpayers do pay for state and local government spending.

That is because state and local governments are monetarily non-sovereign. (So are you and I).Image result for government money

Those state/local governments do not have the unlimited ability to create their own sovereign currency; they have no sovereign currency; they use the U.S. dollar.

They can, and often do, run short of dollars, and they need tax dollars in order to survive.

By contrast, the federal government is Monetarily Sovereign. It has the unlimited ability to create its own sovereign currency, the U.S. dollar.

The federal government never unintentionally can run short of dollars. Even if all tax collections — income taxes, FICA taxes, luxury taxes, etc. — totaled $0, the federal government could continue spending, forever.

Every time the federal government pays a creditor, it creates new dollars, ad hoc.,

So what about all that “wasted” federal spending? Those are dollars that the federal government created from thin air, and added to the economy.

The “dance club” millions, the coffee mug thousand, the millions for two border agents — all those dollars were created from thin air and were added to the U.S. economy (except for a few that may have gone to overseas suppliers).

The vast majority of those dollars went to U.S. businesses, who used those dollars to pay for employees, who in turn used the dollars to purchase things like food, housing, clothing, cars, education, etc.

In short, the federal government’s “wasted” dollars actually are stimulus dollars, that grow the economy, and eventually wind up in your pockets, my pockets, your kids’ pockets, and even Donald Trump’s pockets.

Again, this is not true of state and local government waste. They do not create dollars from thin air. They use existing tax dollars for their spending. So when they waste money, the dollars come from their taxpayers’ pockets.

Image result for bernanke and greenspan

It’s our little secret. Don’t tell the people we don’t use their tax dollars.

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

Alan Greenspan: “Central banks can issue currency, a non-interest-bearing claim on the government, effectively without limit. A government cannot become insolvent with respect to obligations in its own currency.”

St. Louis Federal Reserve: “As the sole manufacturer of dollars, whose debt is denominated in dollars, the U.S. government can never become insolvent, i.e.,unable to pay its bills. In this sense, the government is not dependent on credit markets to remain operational.

So, if the government neither needs nor uses tax dollars, why does it collect taxes? I’m glad you asked. There are three reasons: One mostly good, one bad, and one horrible.

The mostly good reason is: To control the economy by levying taxes on things they wish to reduce, and by giving tax breaks to things they wish to encourage. So-called “sin” taxes are examples of the former, and home real estate tax deductions are examples of the latter.

The bad reason is to reward rich political donors by giving them special tax breaks not available to the middle and lower classes.

The horrible reason is to groom you, the public, to believe that federal spending for social benefits (Social Security, Medicare, Medicaid, food stamps, other poverty aids, college tuition aids, etc.) must be limited or taxes must be increased.

Since the people do not want increased taxes, they easily are convinced that social benefits must be reduced. 

Thus, we have the fake claim that the Social Security Trust Fund is running short of dollars. (Like the federal government itself, no federal agency can run short of U.S. dollars, unless Congress and the President want it to run short). The “Trust Fund” is an accounting fiction, designed to give an imprimatur to a false assertion.

And we have the fake claim that “Medicare for All is unaffordable. And we have all the other fake claims about federal spending being unaffordable, and federal deficits costing taxpayers money. All untrue.

The bottom line is, the rich are rich because they have more money and property than you do. The key word is, “more” because “rich” is a comparative word.

That is, if you have a million dollars, and everyone else has a million dollars, you are not rich. You are just the same as everyone else. But, if you have one hundred dollars and everyone else has just one dollar, you are very rich, indeed.

In short, to be richer, you either must obtain more money for yourself, or you must arrange for the other people to have less money.

Either way widens the Gap between you and those below you, and it is the Gap that makes you rich.

That is why the rich bribe:

  • The politicians via campaign contributions and promises of lucrative employment later
  • The media via advertising dollars and ownership
  • The economics professors via university contributions and jobs with think tanks

The primary purpose of these bribes is to induce legislation to widen the Gap and to make you accept the necessity of widening.

In Summary:

The rich control American politics. Their fundamental goal in life is personal enrichment, which requires widening the Gap between the rich and the rest.

This involves not only bribing the politicians to make Gap-widening legal changes, but also bribing the media and economists to convince you, the public, that Gap-widening is necessary and beneficial.

These information sources promulgate the “Big Lie” that federal finances are similar to your finances, and federal taxes are necessary to fund federal spending.

The rich fear that if you knew federal taxes are not necessary to fund spending, you would demand more benefits, thereby narrowing the Gap, and effectively making the rich less rich.

The rich want you to be angry at “unnecessary” federal spending, so you readily will agree to cut your social benefits.

Finally, the rich want you to believe that federal deficit and debt lead to hyperinflations, similar to those in Zimbabwe and Weimar Germany, though inflations actually are caused by shortages, usually shortages of food and/or energy, not by money creation.

(Despite a 50,000% increase in federal money creation over the past 80 years, average inflation has been moderate, within the Fed’s target range.

While federal debt (blue line) has risen dramatically, inflation (red line) has risen moderately and within the Fed’s target rate

Unfortunately, the constant drip, drip, drip of anti-deficit, anti-debt propaganda continues to brainwash the public, and the Gap widens.

Rodger Malcolm Mitchell
Monetary Sovereignty
Twitter: @rodgermitchell
Search #monetarysovereigntyFacebook: Rodger Malcolm Mitchell

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

The most important problems in economics involve the excessive income/wealth/power Gaps between the richer and the poorer.

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 The Ten Steps To Prosperity can 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. Provide a monthly economic bonus to every man, woman and child in America (similar to 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 you.

MONETARY SOVEREIGNTY

” . . . some of the roughest people you’ve ever seen, people that look like they should be fighting for the UFC.” Friday, Apr 12 2019 

Trump: (Immigrants are) “some of the roughest people you’ve ever seen . . .”

Trump: (Immigrants are): ” . . . , people that look like they should be fighting for the UFC.” “

Trump: “Good people”

Trump: “Good people”

The best way to defend the devil Tuesday, Apr 9 2019 

If you lower yourself to write articles defending the devil, you won’t have legitimate and factual points to make.Related image

So, your best approach may be to fill your article with emotionally charged and biased words, to shield the non-thinkers from the truth.

This is exactly what Matthew Walther did in his article titled, “The Trump tax return mirage.”

Walther wants you to believe that trying to show American voters Trump’s repeatedly promised return is:
1. Unnecessary, because we all know rich people lie on their taxes, so who cares?
2. Illegal because the President is, or should be, so far above the law that any legitimate investigations constitute harassment.
3. Fruitless, because a politically motivated Congress and/or the Supreme Court won’t let it happen, so why even try?

In his fact-starved article, Walther uses the following, charged terminology to get you to stop thinking and to limit yourself to just feeling:

ludicrous request made recently by Rep. Richard E. Neal, the Boy Scout ”
“this is nonsense
“the obscure 1924 provision of the Internal Revenue Code seized upon by Democrats”
“harassing the sitting president”
“The whole thing is a farce.”
“Pretending that a committee of dorks in the House of Representatives has magical powers”
“pathetic fantasy that the president of the United States is some random citizen who can be subpoenaed, indicted, or otherwise mucked around at the whim of his political opponents in Congress.”
“Rep. Neal and his cronies”
“Whining about Trump’s tax returns”
“the (Democratic) party’s longstanding obsession with showboating, grandstanding, and applauding its own moral victories”
“Democrats feign some kind of horror”

You are free to pick your reason for not seeing Trump’s returns, because if you do wish to know what is in them, you would be “ludicrous, farcical, pathetic, whining, obsessed, and feigning horror.” Right?

As a Trump apologist, Walther does not want you to think about this simple, sincere question: “What is Trump hiding?”

Yes, after all his self-righteous insults about “Crooked Hillary,” what is honest Don hiding?

If all of this is nothing more than “ludicrous,” “nonsense,” “pathetic,” “showboating,” “farce,” “grandstanding,” “feigning horror,” and “whining” by a “Boy Scout,” and “his cronies,” why is Trump so crazed about the possibility that people might see what he really has been hiding?

And why did he repeatedly promise to release his returns, as previous Presidents have done, before the election and then invent the lie that an audit somehow prevents their release?

To Walther’s credit, he did mention the GOP’s Benghazi investigation, as an example of what not to do, but isn’t that the point?

If “whining” and “harassment” are to be frowned upon, how can the GOP and Walther, in good conscience (if conscience exists in the GOP) “whine” about Trump having to reveal his tax returns after they have put Hillary Clinton through that senseless inquisition – which many of them, including Trump, wish to repeat?

Bottom line: Trump is a serial liar and adulterer, a torturer of children and their parents, a bigot, a science denier, a proven criminal, a dictator wannabe, and a man whose personal greed far outweighs any concerns about Americans.

He is an unstable danger and he is harming America, as his revolving-door administration filled with incompetent felons and toadies reveals.

His idea for making America “great again” is to erect lucrative Trump Towers in Russia, Saudi Arabia, North Korea, and any other “shithole countries” that will pay him big money and supply him with beautiful hookers when his next few wives aren’t looking.

His greatest fear is that if he loses the coming election, he also will lose the protections of the Presidency, and the Republican party will turn on him like a rabid dog.

Then to paraphrase Trump and his followers’ favorite chant: “Lock him up!”

This is the man Matthew Walther chooses to defend.

We know what Trump is, but what does that say about Walther?

Rodger Malcolm Mitchell
Monetary Sovereignty
Twitter: @rodgermitchell
Search #monetarysovereigntyFacebook: Rodger Malcolm Mitchell

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

The most important problems in economics involve the excessive income/wealth/power Gaps between the richer and the poorer.

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 The Ten Steps To Prosperity can 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. Provide a monthly economic bonus to every man, woman and child in America (similar to 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 you.

MONETARY SOVEREIGNTY

 

Mr. President, is it immigrants or is it drugs? Make up your mind. Saturday, Apr 6 2019 

Mr. President, is it immigrants or is it drugs? Make up your mind.

“We’re going to give them a one-year warning, and if the drugs don’t stop or largely stop, we’re going to put tariffs on Mexico and products, particularly cars.

And if that doesn’t stop the drugs, we close the border.”
Donald J. Trump

O.K., he’s talking about drugs. But the vast majority of illegal drugs come through legal ports that are protected by American guards — via planes, boats and through legal entryways.

The vast majority of illegal drugs comes through legal ports, not via unwalled areas.

Stopping immigrants will do virtually nothing to “stop the drugs.”

“The lawless state of our Southern border is a threat to the safety, security and financial well-being of all Americans.

“We have a moral duty to create an immigration system that protects the lives and jobs of our citizens.

“This includes our obligation to the millions of immigrants living here today, who followed the rules and respected our laws.

“Legal immigrants enrich our nation and strengthen our society in countless ways. I want people to come into our country in the largest numbers ever, but they have to come in legally.

“I want people to come into our country in the largest numbers ever, but they have to come in legally . . . . Our country is full.”
Donald J. Trump

O.K., now he’s talking about people and the law. But, statistics show that undocumented immigrants are far less likely to commit crimes against the “safety, security and financial well-being of all Americans” than are American citizens. Stopping immigrants will do virtually nothing to make America safer.

And does Trump want immigrants, or is our country “full”? As always with Trump, there is no rational answer.

Immigrants also contribute greatly to the American economy in labor value — just as immigrants have done for the past two centuries. That is why Trump historically has hired immigrants to work for him.

In short, Trump:

  • Wrongly conflates undocumented immigration with the drug problem
  • Wrongly blames an incomplete wall for America’s drug problem
  • Wrongly implies that completing his wall will solve America’s drug problem
  • Wrongly blames Mexico for America’s drug problem
  • Wrongly claims that Mexico can solve America’s drug problem
  • Wrongly claims that the undocumented immigrants are mostly Mexicans
  • Wrongly claims America has no more room for immigrants
  • Wrongly claims that punishing Mexico will solve the two real problems:

1. The drug problem is not caused by the easy availability of drugs, which in any event, more miles of wall will not solve.

The drug problem is not a foreign problem; punishing foreigners will not solve it. We must accept the fact that the drug problem is America’s problem. 

Blaming the Mexicans is an excuse invented by a dishonest leader and adopted by weak-minded followers.

The drug problem actually is a symptom of many, more fundamental problems in America: Poverty, bigotry, unpunished corporate greed,  the lack of help for addicts, crooked politicians, judges, and police, and the wide and growing Gap between the richer and the rest.

How is President Trump addressing the fundamental problems? He goes in exactly the wrong direction.

Poverty: Trump cuts, or tries to cut, social programs that benefit the poor and middle-income people: Social Security, Medicare, Medicaid, food stamps, school aids.

Bigotry: Trump does not conceal his loathing for Blacks, browns, Muslims, gays, foreigners from “shit-hole” counties. He defends the KKK and white supremacists as “good people.” He wants nice, white immigrants to come from Norway.

Unpunished corporate greed: Trump takes pride in removing consumer financial protection and environmental protection laws. Banks that steal from poor Americans are protected. Industries that pollute our air, water, and ground are protected. Global warming is denied.

The lack of help for addicts: The drug problem is not solely a supply problem. It is based on supply and mostly on demand.

America’s addicted victims are the buyers of drugs. American buyers create the demand. If there were no demand, the illegal drug trade would dry up.

Many, perhaps most, drug users would like to stop, but they need help. Trump’s approach is strictly about punishment. Yet that has been proven not to work.

Just as Prohibition didn’t work many years ago, the current “war on drugs” doesn’t work. Trump didn’t invent the war on drugs, but he is an enthusiastic supporter of the police-and-punish approach.

Addiction recovery requires money and time. But, the GOP’s anti-healthcare for the poor efforts, assure a steady, even growing, demand for illegal drugs by helpless addicts.

Crooked politicians, judges, and police: Trump sets the tone. He himself is an admitted crook, having had to pay an astounding $25 million dollars as a penalty for his crooked Trump University. His Foundation was fined and closed for crooked dealings.

He is so crooked, American banks refuse to lend to him, forcing him to beg for money from Russians and Saudi Arabians (which gives them leverage over him).

And he has surrounded himself with an astounding number of bad actors: Michael Cohen, Michael Flynn, Richard Gates,  Konstantin Kilimnik, Paul Manafort, George Papadopoulos, Sam Patten, Rob Porter, Richard Pinedo, Rob Porter, Tom Price, Scott Pruitt, Wilbur Ross, Bill Shine, Stephen Moore, and Roger Stone are examples of the type of people with whom Trump associates.

Trump hires people, not for their skills or honesty, but rather, for their love for and loyalty to him, which also may explain his admiration for dictators Vladimir Putin, Kim Jong-un, and Rodrigo Duterte.

There is no effort toward morality or honesty within the Trump world, where lying is considered normal. When a leader is dishonest, his criminality is contagious.

The wide and growing Gap between the rich and the rest. Poverty breeds crime and hopelessness, which in turn, are a large part of the drug-use problem. People with no hope for future happiness often turn to drugs.

Trump and the GOP foster widening the Gap by favoring the rich with unfair tax laws, and punishing the poor with the elimination of protections and social benefits.

In Summary:
Trump appeals to his base by creating a culture of hatred and fear. As with nearly all dictators, the hatred and fear are directed at “others.”

Sometimes the “others” are people following a different religion. Sometimes the others come from a different country. Sometimes they have different customs.

Trump directs his followers to hate all three: Muslims, Mexicans, and gays. Muslims are “terrorists.” Gays are “immoral.” And Mexicans “bring crime and drugs.”

All such claims are lies, but Trump’s lies appeal to people who are psychologically susceptible to hatred and fear.  To them, no matter what the leader’s faults and lies, his promulgation of hatred and fear keeps followers loyal to the Fuehrer (the leader).

America is not “full,” and Mexicans are not responsible for America’s drug crisis. These are pretexts to keep Trump’s followers in line.

The war on drugs can be won, not by a war on supply, which never will succeed, but rather by efforts to reduce the poverty, sickness, and hopelessness that create the demand for drugs.

America, being Monetarily Sovereign, has the unlimited money to create resources that would reduce the demand. We need only the will.

Rodger Malcolm Mitchell
Monetary Sovereignty
Twitter: @rodgermitchell
Search #monetarysovereigntyFacebook: Rodger Malcolm Mitchell

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

The most important problems in economics involve the excessive income/wealth/power Gaps between the richer and the poorer.

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 The Ten Steps To Prosperity can 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. Provide a monthly economic bonus to every man, woman and child in America (similar to 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 you.

MONETARY SOVEREIGNTY

 

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