In the unlikely event you don’t already know whether your U.S. Senators and Representative are ignorant about economics, or are liars, or in rare cases, honest and knowledgable, ask each of them this one question:
“Can the U.S. government run short of dollars?”
Their answers will tell you everything you need to know about their knowledge of federal economics and their honesty.
If they tell you that, “Yes, the government can run short of dollars,” that indicates they either are shockingly ignorant of federal finances, or they are shockingly dishonest.
If they tell you, “No, the government cannot run short of dollars,” then you can follow up with such questions as:
- “Why does the government claim Social Security, a federal agency, is running short of dollars?”
- “Why does the government collect FICA taxes?”
- “Why does the government collect income taxes?”
- “Why would Social Security for All be unaffordable?”
- “Why would Medicare for All be unaffordable?”
- “Why does Medicare have deductibles?”
- “Why would free college, for all who want it, be unaffordable?”
- “Why does the government lend, rather than give, to college students?”
- “Why does America have so many impoverished men, women, and children — people who struggle to find enough to eat and a place to live?”
I recently sent “the one question” to my Senators and my House Representative. If they respond with anything coherent, I will publish their answers.
[Why would any sane person take dollars from the economy and give them to a federal government that has the infinite ability to create dollars?]
Rodger Malcolm Mitchell
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:
- Eliminate FICA
- Federally funded Medicare — parts A, B & D, plus long-term care — for everyone
- Social Security for all
- Free education (including post-grad) for everyone
- Salary for attending school
- Eliminate federal taxes on business
- Increase the standard income tax deduction, annually.
- Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.
- Federal ownership of all banks
- 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.