Non-transitive dice and where your intuition fails you Sunday, Jun 30 2019 

The universe has an infinite number of facts. We can’t learn and process them all, so we compensate. We learn about the universe by analogy, and by inference, and by reference:

Analogy: A comparison of two otherwise unlike things based on the resemblance of a particular aspect.
Inference: If two or more things agree with one another in some respects they will probably agree in others
Reference: The words of trusted people.

Think of the factual statement: Dogs have four legs and teeth. Spot is my dog. Therefore Spot has four legs and teeth.

Image result for crocodile

Spot

Knowing that Spot is a dog, you infer a picture of him.

You visualize details about Spot without ever having to see or hear him.

Often though, what we think of as analogy and inference can deceive us:

Dogs have four legs and teeth. Spot has four legs and teeth. Therefore Spot is a dog.

Wrong.

Your inference threw you off because it wasn’t a true analogy. It was a misleading “intuition.”

Because the universe is so big, the vast majority of what you “know” is based on your intuition.

Here is another example of where your intuition fails you. As you “know,” when

  • “A” is bigger than “B” and
  • “B” is bigger than “C” and
  • “C” is bigger than “D” then
  • “A” must be bigger than “D”

Right? Do you know any exceptions to this? Actually, there are many exceptions.

Here is one example. It’s called “non-transitive dice.”

Non-Transitive Dice by MathArtFun

These are not ordinary dice. As you can see that they are numbered differently.

The numbers are:

A. Blue Die: 6 6 6 6 5 5

B. Black Die: 4 4 4 4 12 12

C. Red Die: 10 10 3 3 2 2

D. Green Die: 7 7 7 7 1 0

When rolled, die “A” will beat die “B” 2/3 of the time. “B” will beat “C” 2/3 of the time. “C” will beat “D” 2/3 of the time.

And counter-intuitively, “D” will beat “A” 2/3 of the time. No one die is the greatest.

We often see non-transitiveness in sports, where the winningest teams do not always have winning records against the poorest teams. Your favorite team may win the World Series in the same season as they have a losing record against a last-place team.

Politicians repeatedly create false analogies and false inferences. President Barack Obama, in his weekly radio address, July 2, 2011, said, “Government has to start living within its means, just like families do. We have to cut the spending we can’t afford so we can put the economy on a sounder footing.”

This is misleading on multiple levels.

The federal government is Monetarily Sovereign. It has a sovereign currency, the U.S. dollar, of which it can create an infinite supply. By contrast, you and your family are monetarily non-sovereign. You do not have a sovereign currency nor can you create an infinite supply of dollars.

The federal government can pay any debt denominated in dollars. You cannot. The federal government never unintentionally can run short of dollars. You can. The federal government needs no income to pay its bills. You need income to pay your bills.

Although you have a “means,” within which you must live, the federal government does not. And, unlike you, the federal government does not need to cut spending so it can afford to spend. Even if the federal government collected zero taxes, it could continue spending, forever.

And finally, it is federal spending, not spending cuts, that grow the U.S. economy and “put it on a sounder footing.”

Obama’s two short sentences were 100% wrong, and the inferences they were meant to draw were 100% misleading.

But to the average person, they sound logical, reasonable and prudent.

Because so much of what you know is based on what seems logical, reasonable, and prudent, you have learned to trust your intuition. You will fight mightily against anything that violates your intuition, despite powerful facts supporting the opposition.

You will believe your intuition especially if it supported by comments from a leader. You might more readily believe that vaccination causes autism, and immigrants cause disproportionate crime, and global warming is a Chinese hoax, if these ideas are supported by the President of the United States.

You have been primed for these beliefs by the knowledge that many medicines cause unpublicized problems, strangers are more responsible for crime than are friends, and China is an economic foe.

Nearly every politician, economist, and media writer tells you that federal financing is just like your personal financing (so debt is a danger and living within one’s means is prudent). The brainwashing comes at you from all sides.

Add such retorts as, “There’s no such thing as a free lunch,” and “Why are you the only one who knows this,” and you have created a powerful belief system that cannot be shaken by facts.

The federal government has increased its debt almost every year for the past 80 years, yet still, you are told that federal debt is a “ticking time bomb.”

Belief is less logical than emotional. You believe what you feel comfortable believing.

If, to help you visualize Monetary Sovereignty, I show you why federal finances are very much like those of the Bank in the game of Monopoly, you may dismiss that as being unrealistic, and “just a game.”

But by rule, the financial parallels between the Monopoly Bank and the federal government nearly are perfect. In the Monopoly rules, you will find this:

“The Bank never goes ‘broke.’ If the Bank runs out of money, the Banker may issue as much more as may be needed by merely writing on any ordinary paper.”

You didn’t question that rule in Monopoly, yet the vast majority of people’s intuition questions exactly the same rule for our Monetarily Sovereign federal government.

Finally, we come to inflation and the brainwashed belief that federal money “printing” causes inflation.

Let’s say you go to the store, and you find that the price of apples has gone up. Do you immediately think, “The government is printing more money,” or more likely do you think, “There must be a shortage of apples”?

In any capitalist economy, supply responds to demand, and prices result from an imbalance between supply and demand.

If supply is less than demand, there will be shortages and price increases, upon which producers will respond by creating more product, alleviating the shortages and lowering prices.

Here is the normal sequence leading to low amounts of inflation, and then inflation moderating:

  1. Shortages develop —>
  2. Prices rise —>
  3. Production increases to meet demand —>
  4. Shortages are eliminated —>
  5. Prices fall.

This process creates the average low inflation that has been the norm for decades.

Here is the process leading to large inflations and hyperinflations:

  1. Shortages develop —>
  2. Prices rise —>
  3. Production is unable to increase sufficiently to meet demand—>
  4. Shortages continue to grow —>
  5. Prices continue to rise into hyperinflation —>

All inflations and hyperinflations are caused by shortages, usually shortages of food or energy, never by federal money “printing.”

In the following graph, note how peaks and valleys of inflation do not match peaks and valleys of federal money “printing.”

In summary, the universe contains more facts than you can absorb. You are forced to develop shortcuts that allow you to bypass the vast majority of facts and to come to conclusions about the reality around you.

These shortcuts include analogy, inference, and reference, the guidance of other people.

Despite common belief, the federal government cannot run short of dollars with which to pay its debts, and federal money creation does not cause excessive inflation (which is caused by shortages.)

And yes, the federal government easily can pay for the Ten Steps to Prosperity (below), without causing inflation.

So why not?

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

 

Would your friends and neighbors turn you in? Tuesday, Jun 11 2019 

Some say Hitler killed six million Jews. He didn’t.

Some say Stalin and Mao killed even more people than did Hitler. They didn’t.

You German Jews and you Russians and you Chinese were killed by your friends and your neighbors and by strangers whose job it was to protect you.

That dreaded banging on the door announces the arrival of soldiers and police, some of whom are your neighbors, who only a few years earlier, had you and your husband and children as cherished friends and guests in their homes.

As the soldiers march in, with guns drawn, and giving commands, you say, “Karl, what are you doing? You are my friend for many years. Our children play together.”

Karl doesn’t listen as he herds you into a boxcar. He hates you, despises you, now.

Why?

How is it possible that in most nations of the world, people have more to fear from their own armies than from foreign invaders?

These armies all are populated by your fellow citizens, patriotic citizens, even loving friends, and now they are rounding you up.

To my knowledge, Hitler, Stalin, and Mao themselves never killed anyone. How were they able to elicit such savagery — torture, rape, murder — from otherwise decent people?Image result for nazis killing children

How did they convince millions of people to hate their own countrymen and women and children — to hate them so much they lined up innocent victims and shot them in the legs, so they could shove them into trenches and bury them alive?

What is the source of such human butchery?

You see it everywhere in dictatorships from North Korea to China to Venezuela to the Philippines to Myanmar.  Everywhere.

America, too.Image result for children in cages 2018

You see desperate families turned away at our border or inhumanely separated and caged.

These are good people, whose only desire is to make a better life for themselves and their children, just as you yourself would do — just as your own ancestors did when fleeing harsh conditions to make the perilous trip to America.

Why do you not speak out? Why do you hate them? More importantly, how can the soldiers and police, decent people whom we honor, participate in such horror.

What do they tell their families when they come home after a day of cruelty to innocents?

The facts tell you that immigrants are more law-abiding, more productive, less burdensome than the average American citizen. Yet you accept false stories about them.

When your leaders tell you immigrants are murderers and rapists, you readily believe. When your leaders claim these innocent people will take our jobs, our schools, and our money, you readily believe. Why?

When your leaders claim immigrants are terrorists, you readily believe. When your leaders falsely your country is full and has no room for more people, you readily believe. Why?

When your leaders offer contradictory, easily disproved lies about  scapegoats, you readily believe. and not just believe, but allow yourself to become enraged at the victims. Why?

I suggest it all comes down to the most powerful and Darwinian of all human emotions: Fear, especially as expressed in “loss aversion.”

Wikipedia: In cognitive psychology and decision theory, loss aversion refers to people’s tendency to prefer avoiding losses to acquiring equivalent gains: it is better to not lose $5 than to find $5.

Imagine your neighbor was a salesman, but whose current job is as a concentration camp guard. He justifies his role by demonizing the victims.

He hates them because he fears them because they are demons, who he fears will take from him things he values.

He hates them, not as people, but as generalized, non-human threats.

He doesn’t want to hear the logic and facts that tell him otherwise. The threat must be eliminated, as quickly and harshly as possible.

It isn’t enough just to kill the snake. Fear says it must be chopped into pieces, burned, and the ashes buried.

This is what has happened in dozens of nations.

Fear is the most powerful motivator, so when the leader tells you, “I will protect you if you believe me,” you believe even his most absurd lies — and not just believe, but angrily and ardently defend.

The title of this article is, “Would your friends and neighbors turn you in?”

The answer is, Yes, absolutely, if someone were to convince them that because of your beliefs, your economic status, or your customs you represent a peril to their safety, their self-image, or their desires.

The soldiers of any tyranical nation’s army are the former friends and neighbors of the victims.

If you think the primary function of your nation’s army is to protect the citizens from foreign threats, you would be wrong.

The primary function of any nation’s army is to protect the power of the nation’s leaders.

Keep that in mind when it’s time for the President to leave office. He is the Commander-in- Chief of the armed forces, and the boss of the Attorney General of the Department of Justice, and the man who nominates Supreme Court Justices — all three branches of government plus the army.

When a President, who has defied all the norms of American government, and who spews lies and hatred daily, is told to leave office, and he doesn’t want to leave, what will happen?

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

Irony of ironies: How two Johns saved the Republican Party Saturday, Mar 23 2019 

Each day, Donald Trump demonstrates his character by disparaging some American, while professing love for a murderous dictator. Recently, the focus of his ire has been Senator John McCain, a man deceased for months, unable to fight back — the perfect victim for a coward.

Though some may debate whether Senator John McCain was, or was not, a “war hero,” there is a certain irony in a “bone-spur,” draft dodger claiming that a fighting soldier is not a hero simply because he was captured and tortured for five years.

Image result for wounded john mccain soldier

John McCain

Clearly, neither Trump nor his followers understand that irony nor the irony of Trump’s other reason for hating the long-deceased McCain:

McCain’s decision to vote down the health care bill sponsored by Trump’s friend Sen. Lindsey Graham, R-S.C. That bill, which would have passed had McCain supported it, would have destroyed the Affordable Care Act (ACA), also known as “Obamacare.”

They do not see the irony of Trump’s claim that McCain “. . . was horrible, what he did with repeal and replace (of Obamacare) . . . what he did to the Republican Party and to the nation and to sick people that could have had great healthcare was not good.”

What Trump and his followers neither understand nor will not admit that with that vote, Republican John McCain saved the Republican Party and Trump’s Presidency.

In similar fashion, right-wing, Chief Justice, John Roberts, did the same:

Roberts had left behind a storm in Washington over his opinion upholding President Barack Obama’s health-care overhaul — the Affordable Care Act — a stunning validation of Obama’s signature domestic achievement that transformed public perceptions of the chief justice.Republicans in Congress had been fighting the law dubbed Obamacare at every turn for two years, and all the GOP presidential candidates in 2012 had vowed to repeal it.And now Roberts, a nominee of President George W. Bush, had saved it.

How did these two men save the Republican Party and Trump’s Presidency by voting against the Republican Party and Trump?

Because in their zeal to repeal all things Obama, the Republicans and Trump neglected to develop a “replace” that reduced or eliminated many of the coverages of the  ACA. For example (from BBC):

  • ObamacareRequires all insurance plans to cover certain health conditions and services, such as emergency room visits, maternity and postnatal care, cancer treatment, annual physical exams, prescription drug costs and mental health counselling.

Republican plan: States may apply for waivers that allow them to end mandatory coverage of certain health conditions, such as vision and dental care for children, hospital care, and outpatient services. States that receive such waivers could allow insurers to set a maximum amount they will pay for an individual’s medical services – a practice that Obamacare had prohibited.

  • ObamacareProhibits insurers from denying coverage or charging more to individuals who have pre-existing medical conditions.

Republican plan: Gives states the ability to opt-out of requirements that insurers charge the same premiums for healthy and sick customers.

  • ObamacareExpanded Medicaid health insurance for the poor to cover more low-income individuals.

Republican plan: “Block grants” that are capped based on a state’s population and whose growth is limited. 34 states would see reduced government support for Medicaid and tax subsidies for individuals purchasing health insurance.

  • Obamacare: Insurers can charge older Americans no more than three times the cost for younger Americans

Republican plan: States can receive waivers to allow them to charge older Americans more.

In short, the Republican plan offered fewer benefits and dumped many of the costs onto the monetarily non-sovereign states, which must increase taxes if they are to afford to improve health care support.

(By contrast, the federal government, being Monetarily Sovereign, has the unlimited ability to create dollars, and can support any health care plan without raising taxes.)

The Republicans actually had years in which to come up with a suitable and superior replacement, and they failed. Trump, of course, did nothing other than to tell the Party that he was waiting “pen in hand.”

Since any replacement would involve more than a single sheet of paper, Trump’s lack of reading, writing, or comprehension skills did not allow him to participate.

So had the Republicans succeeded, they would have failed. That is, by destroying Obamacare, and leaving millions of people without affordable health care, they would have turned the vast majority of the nation against the right-wing.

Today, they are left in the politically enviable political position of being able to stand on the outside and throw rocks, without having done a single positive thing to help the masses receive health care.

And it was the two Johns, McCain and Roberts, who gave them that ironic gift.

Meanwhile, the Democrats failed by succeeding. They receive scant credit for saving Obamacare, and they saved the Republicans from disaster.

Instead, they now must fight the “Medicare for All” battle, and once again the Republicans with throw “socialism” stones without offering a good alternative plan.

Always be careful what you wish for, boys.

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

SOCIALISM! The Green New Deal socialism monster under your bed Tuesday, Mar 19 2019 

Perhaps you were one of those children who feared the night monster hiding under your bed or in your closet. Perhaps you thought you could hear the night monster sneaking around you while you pulled the covers over your head.

Typical anti-socialism cartoon, misrepresenting the facts

Typical anti-socialism cartoon, misrepresenting the facts

Today, as an adult, perhaps you now fear the Green New Deal (GND) socialism monster. The GND socialism monster and the night monster have much in common.

Both scare you. Both are commonly believed in by the unknowing. And both are imaginary.

SOCIALISM: “A theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.”

The words ownership and control are bolded because they are key. When the government owns and controls something, for instance, a Veterans Administration hospital, that is an element of socialism.

But when the government merely provides funds, as when Medicare pays your hospital and doctor bills, that may be progressivism, but it is not socialism.

The abject failures of Russia’s and Venezuela’s socialist and criminal governments often are given as examples of why socialism “doesn’t work.” But do we give the examples of Greece and Brazil to demonstrate why capitalism “doesn’t work.”

It isn’t socialism that has injured Russia and Venezuela; it’s criminal dictatorships — closer to Donald Trump’s administration of criminals than to real socialism.

We Americans wisely accept some elements of socialism, i.e. government ownership and control, in our capitalistic nation. For example:

Image result for socialism cartoons

The GOP wants you to believe that government spending is socialism.

The list goes on and on. In fact, a capitalistic government could not survive without many socialist elements.

So when pundits complain that this benefit or that program is “socialist,” they merely are using a word that has become a pejorative to the ears of Americans — and that’s why they use it: For psychological impact when facts don’t matter.

Socialism, in of itself, is not a bad thing. Unless you wish to get rid of the military, the national highway system, et al, we always will, always must, have some socialism to protect us.

In fact, when Trump derides “Medicare for All” as “socialism,” he conveniently forgets that his demand for $6 billion dollars to extend the border wall, also is socialism.

The GND monster is not socialism. It is not even a law. It is a set of goals and directions toward preventing the collapse of our ecology and our economy, due to global warming.

If, like Trump, you claim global warming is a Chinese hoax (and that Trump University was a real university, and that Trump never would cheat on his wives, his taxes, or his employees), you are fact-averse, and you now have permission to return to the cult.

Otherwise, you understand that human-caused global warming is a real threat to our grandchildren, a threat we are causing, a threat we cannot ignore as it gets worse and worse.

This is Rep. Alexandria Ocasio-Cortez’s, and Sen. Ed Markey’s, framework defining what they call a “Green New Deal”:

  • upgrading all existing buildings in the country for energy efficiency;
  • working with farmers “to eliminate pollution and greenhouse gas emissions … as much as is technologically feasible” (while supporting family farms and promoting “universal access to healthy food”);
  • Overhauling transportation systems to reduce emissions — including expanding electric car manufacturing, building charging stations everywhere, and expanding high-speed rail to a scale where air travel stops becoming necessary;
  • A guaranteed job with a family-sustaining wage, adequate family and medical leave, paid vacations and retirement security for every American;
  • High-quality health care for all Americans.

For those with no imagination, all goals are unrealistic.

Contrary to what Trump’s pundits want you to believe, Ocasio-Cortez and Markey are not stupid. They do not propose killing cows to prevent cow-farts. They do not propose taking away your cars and tractors.

(An otherwise intelligent friend of mine confided in me that he was worried about the Democrats taking away airplane travel.) Such is the power of rumor and conspiracy-mongering.

Trump’s conservatives, predictably, denounced the GND. After all, conservatism wishes to “preserve or restore what is established and traditional and to limit change.”

Conservatives tend especially to embrace strict interpretations of religion because religion does not easily change. Religion does not create any new thing. Religion did not create modern medicine, or electronics, today’s machinery.  Though most religions preach kindness to the poor, a left-wing notion, religion itself is conservative. The “Word” does not change and those who try to change it are derided as “blasphemous.”

Conservatives tend to be anti-science, because science creates change. So when the vast majority of professional climatologists say that the world is warming, humans are contributing to it, and this will be to our detriment, conservatives try to dig up nay-sayers, who say, in essence, “Do nothing and all will be well.

(That also is why the anti-vaccination movement is fundamentally conservative. If those folks had their way, smallpox still would be killing millions.)

And just as anti-science conservatives do not want us to understand the science of climatology, they also misrepresent the science of economics by threatening us with the “Green New Deal” socialism monster.

It’s so easy to claim that the government is incompetent, wasteful, and less able to accomplish good things than the private sector, and in many cases that is true.

But there are some things the federal government is able to do better than the private sector, the most prominent of which is: Create and spend dollars.

This is especially true of big projects or projects that have no profit motive, like free national highways, armies, space exploration, free libraries, free public schools, et al. Left to the private sector, these things would not exist in America.

The federal government has the unlimited ability to pay for anything. It can pay to upgrade existing buildings, though upgrading “all” existing buildings within a short time period would be functionally impossible.

It could pay farmers to “eliminate pollution and greenhouse gas emissions … as much as is technologically feasible”

It could pay for “expanding electric car manufacturing, building ‘charging stations everywhere,'” and expanding high-speed rail, reducing the use of air travel. It also could pay for research to make air travel less carbon intensive.

And those government dollars will stimulate economic growth for more than have Trump’s tax cuts for the rich.

The federal government has the ability to pay for all the things the GND proposes. And while accomplishing these things in the goal of ten years may not be feasible, as Laozi said, “A journey of a thousand miles begins with the first step.

That journey also begins with a goal. The Green New Deal provides us with the goal — a goal of saving the world for our children. If we allow the conservatives to do nothing, our children will suffer, and they will know it was we who did this.

They will look upon us in the same way as we look upon the religious fanatics who tortured and murdered those who claimed the sun circled the earth — as ignorant savages who refused the truth.

Now, we must convince the Democrats to have courage, and not to fear the Green New Deal (GND) socialism monster. It is a friendly monster that can save the world.

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

Next Page »

%d bloggers like this: