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

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For those of you who elected Donald Trump because he promised to do something you wanted done — Good morning. Wake up. You’ve been scammed, again. And he isn’t even President, yet.

Breaking Campaign Promise, Trump Now Says U.S. Taxpayers Will Pay for Border Wall. Posted on Jan 6, 2017, By Nika Knight

President-elect Donald Trump’s transition team has signaled to Republicans in Congress that Trump would like to fund his infamous planned U.S.-Mexico border wall through the Congressional appropriations process in April, House Republican officials told CNN Thursday.

In doing so, the president-elect appears poised to break one of his core anti-immigrant campaign promises: that Trump would build a wall to “keep the Mexicans out,” and that Mexico would pay for it. (Early in his presidential campaign, he even promised to force Mexico to build the wall.)

Early Friday morning, Trump defended his move on Twitter by alleging that Mexico would pay the U.S. back for the cost of building the wall:

✔ @realDonaldTrump
The dishonest media does not report that any money spent on building the Great Wall (for sake of speed), will be paid back by Mexico later!

Mexico’s president has vociferously and repeatedly said that the country will not pay for Trump’s promised wall. “We’re not going to pay for that fucking wall,” former president Vicente Fox added last March

On Twitter, commentators were swift to poke fun at Trump’s plan:

✔ @wkamaubell
“Hello Mexico, it’s Trump. I’m ready for you to pay for that wall… Remember the wall we discussed. Hello? Hello?”

When it comes to funding the wall through taxpayer dollars, Republicans “are considering whether to tuck the border wall funding into a must-pass spending bill that must be enacted by the end of April,” Politico reported Thursday.

Congressional Republicans therefore believe that appropriating funds for the wall, expected to run into the billions, will pass easily, arguing that Democrats “would fall in line [when] faced with the choice of funding the wall or shutting down the government,” reports The Hill.

So Mexico will pay for the wall, as Trump promised, except they will pay for it “later.” Right. Later.

And the Republicans will “tuck the funding” into another bill, and force the Democrats to approve the billions of dollars needed to pay for the wall because the Democrats are adults who don’t want to shut down the government, while the Republicans are children who don’t care.  What an admission!

Aren’t these the same Republicans who claim the government can’t afford to spend on Social Security, Medicare, Medicaid, food stamps, education and other social programs? Isn’t the federal government “broke” as the previous Republican speaker of the House claimed?

Hmmm . . . In Trump’s world, there is plenty of money for a wall, but not enough for America’s poor and middle classes.

Ah, the Donald and his lies. They flow from his mouth like poop from a goose. Who are these people who still pay attention to his lies — even believe them?

He promised to show his tax returns.  That never happened.  He said he never groped women; then there was that tape of him saying he did.

And ask the students at Trump University about the Donald’s lies. They learned a lesson at that “school” — a lesson they never will forget (nor will he, after all the law suits finish).

I feel bad for all folks who were suckered into voting for him. They are the world’s patsies, the schmendricks. They are the people sending money to that Nigerian prince, who promised them millions.

They are the people who open the door to the guy who claims to have an extra truckload of asphalt, and will redo their driveway at a bargain price.

They are the people who pay a 2% annual fee on that 401K plan their company cooked up for them.  They are the dupes and doormats for the rich, buying lottery tickets they can’t really afford, then lying awake at night, dreaming about what they will do with the money.

They believe Trump’s lies, knowing in their hearts that he is lying, but hoping, hoping that somehow this time he is telling the truth.

Their disappointments will keep coming. But, to excuse their own gullibility, they will fall back on the all-purpose, “Hillary is worse,” line. “He was the lesser of two evils,” they will tell themselves, though in fact, he will prove to be the worst, ever.

You should pray for Trump’s cheated followers, while Trump and his billionaire .1% friends prey on them.

In a way, I wish the Donald would build that wall. It would be pitiful, almost laughable, as a defense against a Mexican invasion, but it would require that the federal government pump billions of stimulus dollars into the economy.

And if the public ever begins to understand Monetary Sovereignty, those could be billions of additional stimulus dollars, which would employ thousands of workers and benefit everyone — especially the rich contractors.

All things considered though, dollars invested in the Ten Steps to Prosperity (below) would accomplish more for the 99.9%.  If only the people wanted to understand.

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 have-mores and the have-less.

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 can afford better health care than can 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 benefitting 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