A promise from Donald Trump

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

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Here is an Email I received today from that “news organization,” Breitbart News Network, now openly soliciting money for Trump (Isn’t that what news organizations do?)

If you believe that Donald Trump, the guy who won’t even give to his own charitable foundation, but instead has been fined for “self-dealing” (illegally paying himself charity money) — if you believe what this letter says, I have some costume jewelry I’d like to sell you.

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From: newsletters@breitbart.com
To: Rodger Mitchell

Breitbart Latest News

Friend,

With 12 days left until Election Day, there’s no time to waste.

I believe so deeply in the impact this election will have on America’s future that I am triple matching every contribution made between now and the end of October.Please contribute what you can afford because I am going to triple match your contribution to make sure it goes 3 times as far.

$250 Check

Friend, this election will impact you, your family, your friends, and everyone you know.

America needs a strong leader as its President. A leader who knows how to balance a budget, keep a payroll and create jobs like I’ve done for many, many years.

I’d be humbled and honored to be your President and I promise you on November 9th, I’ll roll up my sleeves and get to work making America a country we can all be proud of again.

But without your support today, I won’t be able to get that chance.  Help me get the chance to make America great again by contributing $250, $100, $50, $25 or $5 right now.

Thank you, Donald Trump

Breitbart Latest News

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Donald Trump, the guy who bragged he is so rich he would self-fund his campaign, instead lent (not gave) money to his campaign. He will be paid back by you who actually gave your money, and now are being asked to give more — by a “news organization.”

As the letter claims, Trump is “A leader who knows how to balance a budget, keep a payroll and create jobs” (except when he’s repeatedly going bankrupt, stiffing creditors, and not paying low-wage workers for the work they have done.)

A promise from Trump is good as gold (fool’s gold).

Rodger Malcolm Mitchell
Monetary Sovereignty

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The single most important problems in economics involve the excessive income/wealth/power Gaps between the rich and the rest.

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 (Ten Reasons to Eliminate FICA )
Although the article lists 10 reasons to eliminate FICA, there are two fundamental reasons:
*FICA is the most regressive tax in American history, widening the Gap by punishing the low and middle-income groups, while leaving the rich untouched, and
*The federal government, being Monetarily Sovereign, neither needs nor uses FICA to support Social Security and Medicare.
2. FEDERALLY FUNDED MEDICARE — PARTS A, B & D, PLUS LONG TERM CARE — FOR EVERYONE (H.R. 676, Medicare for All )
This article addresses the questions:
*Does the economy benefit when the rich afford better health care than the rest of Americans?
*Aside from improved health care, what are the other economic effects of “Medicare for everyone?”
*How much would it cost taxpayers?
*Who opposes it?”
3. PROVIDE AN ANNUAL ECONOMIC BONUS TO EVERY MAN, WOMAN AND CHILD IN AMERICA, AND/OR EVERY STATE, A PER CAPITA ECONOMIC BONUS (The JG (Jobs Guarantee) vs the GI (Guaranteed Income) vs the EB) Or institute a reverse income tax.
This article is the fifth in a series about direct financial assistance to Americans:

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

Economic growth should include the “bottom” 99.9%, not just the .1%, the only question being, how best to accomplish that. Modern Monetary Theory (MMT) favors giving everyone a job. Monetary Sovereignty (MS) favors giving everyone money. The five articles describe the pros and cons of each approach.
4. FREE EDUCATION (INCLUDING POST-GRAD) FOR EVERYONEFive reasons why we should eliminate school loans
Monetarily non-sovereign State and local governments, despite their limited finances, support grades K-12. That level of education may have been sufficient for a largely agrarian economy, but not for our currently more technical economy that demands greater numbers of highly educated workers.
Because state and local funding is so limited, grades K-12 receive short shrift, especially those schools whose populations come from the lowest economic groups. And college is too costly for most families.
An educated populace benefits a nation, and benefiting the nation is the purpose of the federal government, which has the unlimited ability to pay for K-16 and beyond.
5. SALARY FOR ATTENDING SCHOOL
Even were schooling to be completely free, many young people cannot attend, because they and their families cannot afford to support non-workers. In a foundering boat, everyone needs to bail, and no one can take time off for study.
If a young person’s “job” is to learn and be productive, he/she should be paid to do that job, especially since that job is one of America’s most important.
6. ELIMINATE CORPORATE TAXES
Corporations themselves exist only as legalities. They don’t pay taxes or pay for anything else. They are dollar-transferring machines. They transfer dollars from customers to employees, suppliers, shareholders and the government (the later having no use for those dollars).
Any tax on corporations reduces the amount going to employees, suppliers and shareholders, which diminishes the economy. Ultimately, all corporate taxes come around and reappear as deductions from your personal income.
7. INCREASE THE STANDARD INCOME TAX DEDUCTION, ANNUALLY. (Refer to this.) Federal taxes punish taxpayers and harm the economy. The federal government has no need for those punishing and harmful tax dollars. There are several ways to reduce taxes, and we should evaluate and choose the most progressive approaches.
Cutting FICA and corporate taxes would be a good early step, as both dramatically affect the 99%. Annual increases in the standard income tax deduction, and a reverse income tax also would provide benefits from the bottom up. Both would narrow the Gap.
8. TAX THE VERY RICH (THE “.1%) MORE, WITH HIGHER PROGRESSIVE TAX RATES ON ALL FORMS OF INCOME. (TROPHIC CASCADE)
There was a time when I argued against increasing anyone’s federal taxes. After all, the federal government has no need for tax dollars, and all taxes reduce Gross Domestic Product, thereby negatively affecting the entire economy, including the 99.9%.
But I have come to realize that narrowing the Gap requires trimming the top. It simply would not be possible to provide the 99.9% with enough benefits to narrow the Gap in any meaningful way. Bill Gates reportedly owns $70 billion. To get to that level, he must have been earning $10 billion a year. Pick any acceptable Gap (1000 to 1?), and the lowest paid American would have to receive $10 million a year. Unreasonable.
9. FEDERAL OWNERSHIP OF ALL BANKS (Click The end of private banking and How should America decide “who-gets-money”?)
Banks have created all the dollars that exist. Even dollars created at the direction of the federal government, actually come into being when banks increase the numbers in checking accounts. This gives the banks enormous financial power, and as we all know, power corrupts — especially when multiplied by a profit motive.
Although the federal government also is powerful and corrupted, it does not suffer from a profit motive, the world’s most corrupting influence.
10. INCREASE FEDERAL SPENDING ON THE MYRIAD INITIATIVES THAT BENEFIT AMERICA’S 99.9% (Federal agencies)Browse the agencies. See how many agencies benefit the lower- and middle-income/wealth/ power groups, by adding dollars to the economy and/or by actions more beneficial to the 99.9% than to the .1%.
Save this reference as your primer to current economics. Sadly, much of the material is not being taught in American schools, which is all the more reason for you to use it.

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

MONETARY SOVEREIGNTY

 

9 thoughts on “A promise from Donald Trump

  1. TORPEDOS ON THEIR BACKS

    Americans spend far more on drugs, medical care, and medical insurance than do the denizens of any other country. No other nation comes close.

    This happens because the USA is the only developed nation that does not have single payer health insurance (aka universal Medicare).

    Here in the USA there are increasing calls nationwide for single payer at the state level.

    None of the proposals is workable, since states cannot afford single payer unless state governments impose radical (and ever-worsening) tax increases, plus ever-worsening austerity on all state government functions.

    Meanwhile the U.S. federal government can afford anything, since the federal government creates infinite dollars out of thin air.

    THEREFORE the first step in getting universal Medicare is to educate people about the facts of Monetary Sovereignty.

    Unfortunately the champions of single payer reject the facts as smugly as do everyone else.

    Thus, everyone yearns for single payer while carrying a torpedo on his back. A torpedo that he automatically fires at any proposal for FEDERAL single payer, which is eminently workable, but he does not fire at STATE single payer, which is not workable.

    Written on the torpedo are the words, “How will you pay for it?”

    We are impoverished by other people’s ignorance.

    Like

    1. Mr. Mitchell, are you worried Trump is going to win? Are you really?

      Who does the mainstream media constantly attack? – Donald Trump
      Who doesn’t have the support of the career criminals on Wall Street? – Donald Trump
      Who is constantly showing signs of animosity towards the major nuclear power that is Russia? – Dona . . . . ahem, I mean HILLARY CLINTON.

      She’s going to win, ok?

      Sir, you are making your blog an absolute cesspool with all these anti-Trump posts. I understand that Trump is a buffoon and he needs to grow up, but Clinton is a typical war-mongering politician that we don’t need.

      Oh, and if you are worried about Israel, rest easy, since Donald Trump has also bowed to the Zionist masters over at AIPAC.

      Hopefully you don’t delete my comment, sir. I just simply don’t like to practice self-censorship like EH does.

      Like

  2. Beaner,

    Apparently, you believe the fact that not one reputable newspaper in America supports Trump indicates something good about Trump.

    If by “career criminals on Wall Street” you mean the crooked bankers, I have not heard Trump’s plans for regulating them.

    And Trump’s friendship with, and support by, Vladimir Putin seems to give you confidence in his ability to lead America. You seem to like Russia, while you hate our one ally in the Mideast. Perfect logic.

    And being if being anti-bigotry and anti-misogyny makes this blog a cesspool, I plead guilty.

    As for war-mongering, it was Trump who wondered aloud, if we have nukes, why we don’t use nukes on ISIS?

    And finally, I recognize your anti-Semitic, bigoted comment about “Zionist masters,” which now disqualifies you from making any further comments on this blog.

    You might find a neo-fascist site that will appreciate your input.

    Like

      1. Apparently, you do not understand the term “friendly fire.”

        Many Europeans and Asians have been killed by American friendly fire. Is it your conclusion that America has a sinister reason for killing our allies?

        Or does your concern about friendly fire apply only to Israel.

        By the way, America and Russia have killed thousands of civilians in the mid-east. Yet I hear of no United Nations courts condemning America or Russia.

        Does the concern about killing civilians apply only to Israel?

        And what is your point about military aid to Israel? Do you realize how many billions in military aid America gives to dozens of other nations, many of which are wealthy?

        Or does your concern about military aid apply only to Israel?

        Get the point?

        We both know what these special concerns about Israel really mean.

        Like

    1. Mr. Mitchell, after re-evaluating my views on Israel, I have come to realize I was extremely biased towards the Jewish state. I failed to realize the odds stacked against Israel and dismissed any problems Israel faces.

      While I still maintain that my criticisms of Israel are not anti-Semitic, I do wish to apologize if they did come off as such.

      Like

  3. For someone who “is not against Israel existing,” you certainly are a fount of information about Israel’s misdeeds.

    Thank you so much for giving pilots the benefit of your doubt. How charitable.

    And as for that horrible, notorious, terrible “Lavon Affair,” (which has nothing to do with “the amount of influence Israel has on this country”) it killed exact zero innocent people, because it specifically was timed to kill exactly zero innocent people.

    Never in the history of war and politics has such a benign operation become so discussed by outraged “neutrals.”

    The U.S. kills more innocents in drone attacks than were killed in the Lavon Affair. How does that square with your premise that “All instances of friendly fire I found were during times where confusion was rampant”? Is confusion rampant in the world of drones?

    But, as usual, Israel is held to a higher standard by the Jew-haters. It always has been thus.

    What you do not wish to acknowledge, is that Israel is a tiny country, completely surrounded by billions who have sworn to destroy them, and who have attacked Israel, repeatedly.

    For Israel, life is a daily existential affair.

    Not so in America, which by contrast, is a huge, powerful nation, that cannot be defeated in any war, yet is so frightened to death by a relatively few alien terrorists it may deport your relatives.

    Strange isn’t it, how you mention the tiny Lavon Affair, but fail to mention, for instance, The Hadassah Medical Center which treats terrorists and terror victims, Arabs and Jews alike, bigots and saints, saving thousands of Jewish and non-Jewish lives every year.

    It also is a renowned center of medical research, benefitting America and the world. America’s aid in protecting Israel allows the Hadassah Medical Center to exist. One day, you may be cured by a treatment created in the HMC, which is protected, in part, by American military aid.

    You should go to that site and read all about it. There is nothing comparable to HMC in the entire Arab world.

    “Anti-Semitic” is not a “card,” just as anti-Latino is not a card. Anti-Semitic is a 2,000-year reality that has resulted in many millions of Jewish deaths, plus misery for many millions more — year, after year, after year, after year, after year, after year, after year.

    So don’t blithely cast off your prejudices as a “card,” or I may have to start quoting Donald Trump’s bullsh*t about Mexican criminals and rapists coming into America and stealing jobs and living on the dole.

    Or is that just a card, Jose?

    Like

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