Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell
●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.
For most of our history, many states held marriage between blacks and whites illegal. Finally, in 1967 (!), the Supreme Court ruled such laws unconstitutional.
Now the fight is about gay marriage, which the Supreme Court has almost, but not quite, ruled on.
Proponents of gay marriage talk about love and morality and fairness and children. For instance:
–If two people are in love and wish to marry, why should they be denied this happiness? Whom does it hurt?
–The federal government has no laws against two people of the same sex living together nor even of having sex together, so why should they be denied marriage?
–Why should gays and lesbians be treated as second class citizens, by not receiving the same legal benefits and protections that straights receive?
–What evidence exists that children raised by a gay couple have an inferior childhood, by any measure, to children raised in a straight marriage?
Opponents of gay marriage talk about the bible, tradition and promiscuity. For instance:
–God and the bible oppose gay marriage
–Gays are more promiscuous than straights
–Gays choose to be different when they should choose to be normal
–Marriage is for procration
–Gay marriage can lead to polygamy, bestiality and the spread of homosexuality to children and susceptible adults.
In short, those opposed are motivated by the “yuck factor.” Gay marriage feels wrong, so it must be wrong. Those favoring gay marriage are motivated by fairness, and “we’re not hurting anyone.”
But, there is one point that seems to be overlooked in all the endless hyperbole: Why does marriage endow couples with financial benefits?
For example, here are some of those marriage benefits, summarized:
Federal Marriage Benefits Denied to Same-Sex Couples
Whether married or not, gay and lesbian same-sex couples are denied many federal benefits that are available to heterosexual married couples.
Social Security Benefits
Spousal survivor benefit. A surviving spouse may be entitled to receive retirement benefits based on the deceased spouse’s earning record.
Spousal retirement benefit. A person whose calculated benefit is lower may take half of his spouse’s higher benefit.
Lump-sum death benefit. A surviving spouse gets $255 from the federal government to help pay for funeral arrangements.
Filing joint income tax returns with the IRS offers advantages over separate returns.
Creating a “family partnership.” Married couples can divide business income among family members, resulting in big tax savings.
Estate Tax and Estate Planning Benefits
Estate and gift tax exemption. Federal law exempts a certain amount of money from federal estate and gift taxes on property left to a surviving spouse.
Estate Tax “Portability.” Married couples can combine their personal estate tax exemptions.
Heterosexual married couples can create life estate trusts, including QTIP trusts and QDOT trusts.
The heterosexual spouses of deceased veterans are entitled to a myriad of benefits, including health care, death pensions, educational assistance, home loan guarantees, vocational training, and bereavement counseling.
Federal Employment Benefits
Many of the employment benefits that the federal government provides to its employees and their families are tied to marriage status: Health insurance for spouses, and wages, worker’s compensation, health insurance, and retirement plan benefits for the surviving spouse of a deceased federal worker, the right to use sick time to care for a spouse or a child, the right to add a partner to a long-term care insurance program, and the right to use medical facilities at posts abroad, be evacuated for medical reasons from posts abroad, and be included in family size for housing allocations.
A non-U.S. citizen may obtain legal residency, and later citizenship status, when married to a U.S. citizen.
So the question is: Why all these government benefits of marriage? Or more accurately: Why does the government discriminate against single people?
That is the real question, never asked, much less answered.
(And why are single people not as angry as gays at this discrimination?)
Rodger Malcolm Mitchell
Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D — for everyone
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
4. Long-term nursing care for everyone
5. Free education (including post-grad) for everyone. Click here
6. Salary for attending school (Click here)
7. Eliminate corporate taxes
8. Increase the standard income tax deduction annually
9. Increase federal spending on the myriad initiatives that benefit America’s 99%
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