Slowly the noose tightens on us

Image result for concentration campsIt takes only two things to keep people in chains:
.

The ignorance of the oppressed
and the treachery of their leaders.

——————————————————————————————————————————————————————————————————————————————————————————–

Slowly, the noose tightens on us.

From a February, 2017 article in The Nation:

House Republicans Just Voted to Eliminate the Only Federal Agency That Makes Sure Voting Machines Can’t Be Hacked
Republicans would make it easier to steal an election by killing the Election Assistance Commission.

In a little-noticed 6-3 vote today, the House Administration Committee voted along party lines to eliminate the Election Assistance Commission, which helps states run elections and is the only federal agency charged with making sure voting machines can’t be hacked.

“It is my firm belief that the EAC has outlived its usefulness and purpose,” said Committee chair Gregg Harper (R-MS), explaining why his bill transfers the EAC’s authority to the Federal Election Commission. 

It’s particularly ironic that the Trump administration is preparing to launch a massive investigation into nonexistent voter fraud based on the lie that millions voted illegally, while House Republicans are shutting down the agency that is supposed to make sure America’s elections are secure.

It’s more proof of how the GOP’s real agenda is to make it harder to vote.

What do you do if you’re a bigoted, dictator wannabe, and you want to take action against a group you don’t like — Muslims, Jews, Mexicans, blacks, immigrants in general, the poor, etc.?

You take away their right to vote, and you give that assignment to an agency that cannot be questioned, an agency that by law, works completely in the dark, an agency that can do anything it wishes to anyone it wishes, with no oversight at all.

OpEdNews Op Eds 1/6/2018
Trump Is Not Ending Kobach’s Racist Voter Purge Scheme, He’s Putting It On Steroids By Moving It To Homeland Security
By Greg Palast

Don’t be fooled by news of Trump’s Executive Order dissolving the so-called Commission on Election Integrity. Trump is not ending the Kris Kobach scheme to attack, he’s moving it into Homeland Security as per Kobach’s original plan.

Kobach gloats that Homeland Security is exempt from Freedom of Information Act demands and public hearings — that was part of his original plan given to Trump.

Kobach claims Homeland Security can REQUIRE states to turn over voter records and can secretly gather lists of “double” or “alien” voters — this is Kobach’s “Crosscheck” on steroids.

The one Democrat on Kobach’s committee, Maine Secretary of State Matthew Dunlap, warns: “Homeland Security operates very much in the dark…and I think people should be, frankly, frightened by that.”

Kobach will be advising Homeland Security and that’s MORE dangerous than operating through an open committee. This is not a win for progressives — it’s a brilliant chess move by KKK (Kris Kobach of Kansas).

Yes, it is brilliant for an administration that does not want the public to know what it is doing, and for a President who lies a dozen times before breakfast.

It is brilliant for a party that has made Gerrymandering to deny some voters of their votes, its prime political movement.

It is brilliant for those who despise everyone but the rich, adult, white, male, Christian citizens.

It’s brilliant for bigots, but is it really the job of the Homeland Security Agency?

Homeland Security Six-Point Agenda

A six-point agenda for the Department of Homeland Security was developed and announced in July 2005, by Secretary Chertoff to ensure that the Department’s policies, operations, and structures are aligned in the best way to address the potential threats – both present and future – that face our nation.

The six-point agenda is structured to guide the department in the near term and result in changes that will:

  1. Increase overall preparedness, particularly for catastrophic events
  2. Create better transportation security systems to move people and cargo more securely and efficiently
  3. Strengthen border security and interior enforcement and reform immigration processes;
  4. Enhance information sharing with our partners
  5. Improve DHS financial management, human resource development, procurement and information technology
  6. Realign the DHS organization to maximize mission performance.

Supporting the agenda, the department proposed to realign the Department of Homeland Security to increase its ability to prepare, prevent, and respond to terrorist attacks and other emergencies.

These changes are to better integrate the Department and give department employees better tools to accomplish their mission.

Does searching for violations of “Election Integrity” (i.e. blacks and Latins daring to vote), increase preparedness for catastrophic events? Does it improve transportation security?

Does it help prevent terrorist attacks and deal with emergencies? Does it enhance information with “our partners”?  Does it improve the agency’s financial management or maximize its mission performance?

Uh, no.

And it is only with the wildest stretch of mission-creep imagination that one could say the mission of Homeland Security to strengthen our borders and to reform immigration processes, includes “election integrity.”

The sole purpose of Trump’s move is to threaten and intimidate minority voters, who are more likely to vote Democrat.

It is a Gestapo at the polling place — perfect for a President who denigrates theImage result for trump frown media that disclose his lies and errors, a President who wishes to punish those speak ill of him, a President who wishes to wreck and control the very agencies that protect us from dictators, a President who wishes to jail his opponents, a President who has expressed admiration for dictators as being strong leaders, a President who cannot get past the fact that he lost the popular vote — a President who affects the Mussolini frown at every public appearance.

Trump is a dictator wannabe, and slowly his noose tightens on us.

If we don’t object, we will lose America, and he will have succeeded in making America Trump.

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

………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..

MONETARY SOVEREIGNTY

Time for a laugh

Related imageIt takes only two things to keep people in chains:
.

The ignorance of the oppressed
and the treachery of their leaders.

——————————————————————————————————————————————————————————————————————————————————————————–

Sometimes in life, things get so ridiculous, you simply have to laugh.

Shot of Speaker Paul Ryan laughing hysterically with members of the Republican House caucus following a ceremony aimed at repealing the Affordable Care Act
They believed him when he said he wouldn’t cut Medicare and Social Security. They believed him when he said global warming was a Chinese hoax, and that he never groped those women. They believed he really had a heel spur that kept him out of the army and that he won the popular vote.

They believed he couldn’t show his taxes because he was “under audit.” They believed him when he claimed, “Between 3 million and 5 million illegal votes caused me to lose the popular vote.” They believed him when he said, “There’s very little benefit (in the tax plan) for people of wealth.”

They believed him when he said, “Black homeownership just hit the highest level it has ever been in the history of our country.” They believed him when he said, “The tax bill “is going to cost me a fortune, this thing — believe me. Believe me, this is not good for me.” They believed Trump University was an honest school.

And now they believe him when he says he is a “very stable genius.” Who the heck are the dupes who believe whatever Trump tells them?

Want to see just a small list of the things these folks are laughing at? Go to:

  1. Trump’s Lies Vs. Obama’s,
  2. and President Trump’s lies
  3. and False statements involving Donald Trump.

To paraphrase John Donne: “Send not to know at whom the GOP laughs,
It laughs at thee.”

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

………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..

FACTS

•All we have are partial solutions; the best we can do is try.

•Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.

•Any monetarily NON-sovereign government — be it city, county, state or nation — that runs an ongoing trade deficit, eventually will run out of money no matter how much it taxes its citizens.

•The more federal budgets are cut and taxes increased, the weaker an economy becomes..

•No nation can tax itself into prosperity, nor grow without money growth.

•Cutting federal deficits to grow the economy is like applying leeches to cure anemia.

•A growing economy requires a growing supply of money (GDP = Federal Spending + Non-federal Spending + Net Exports)

•Deficit spending grows the supply of money

•The limit to federal deficit spending is an inflation that cannot be cured with interest rate control. The limit to non-federal deficit spending is the ability to borrow.

•Until the 99% understand the need for federal deficits, the upper 1% will rule.

•Progressives think the purpose of government is to protect the poor and powerless from the rich and powerful. Conservatives think the purpose of government is to protect the rich and powerful from the poor and powerless.

•The single most important problem in economics is the Gap between the rich and the rest.

•Austerity is the government’s method for widening the Gap between the rich and the rest.

•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..

MONETARY SOVEREIGNTY

Big Lie on display: Jack Lew, a “broke” America, and the “ticking time bomb.”

 

Image result for Jack Lew
Jack Lew’s lies exposed

It takes only two things to keep people in chains:
.

 

The ignorance of the oppressed
and the treachery of their leaders.

——————————————————————————————————————————————————————————————————————————————————————————–

If you ever have wondered what we mean by the “Big Lie,” you need wonder no more. Here it is, as demonstrated by Jacob L. (Jack) Lew, former U.S. Treasury Secretary.

Remember, as you read this, we’re not talking about ignorance.  We’re talking about outright lying. A Treasury Secretary knows how the U.S. financial system operates. Lew surely does. But he repeatedly misstates the facts, i.e. lies.

Former Treasury Secretary Lew Says Tax Cuts Will Leave the U.S. Broke
Marcus Bensasson, Bloomberg, January 2, 2018

Jack Lew said the Trump administration’s decision to add a significant amount of debt through last year’s tax legislation is leaving the country broke.

Immediately we see lie #1: The United States cannot be “broke,” if being “broke” means being unable to pay its bills.

The United States, unlike you, and me, and unlike the cities, counties, and states — the United States uniquely is Monetarily Sovereign. It has the unlimited ability to create its sovereign currency, the U.S. dollar.

The U.S. government cannot run short of dollars. Period.

Yes, I know. Back in 2009, GOP Speaker of the House John Boehner lied:

“We’re broke. America’s broke. All year long, our friends on the other side of the aisle have been on a massive spending spree that our nation can’t afford.

“Our Democrat friends want to raise the debt limit next week by $1.8 trillion. Instead, let’s stop the madness and vote no.”

That was eight years ago, when the federal debt was under $8 Trillion.

Today, the federal debt has almost doubled, to $15 Trillion, and guess what: We still aren’t “broke.” We continue to pay all our bills, and oh yes, the GOP has voted to add $1.5 trillion more to the federal debt — and we won’t be “broke” then, either.

It was a lie, a Big Lie when Boehner said it, and it’s a Big Lie today when Lew says it.

You who are regular readers of this blog may remember, Federal Debt: A “ticking time bomb (November 2009), and From ‘ticking time bomb’ to ‘looming collapse.’

Both articles detailed the ongoing references, beginning in 1940 (!), to the federal debt as a “ticking time bomb.” Well, that phony 78-year-old  “time bomb” still is ticking:

“It’s a ticking time bomb in terms of the debt,” Lew said in a Bloomberg Radio interview withTom Keene and Jonathan Ferro. “You cannot run a fiscal policy by spending trillions of dollars you don’t have at a time that the economy is doing well.”

For 78 years, the debt-nuts have warned us about imminent disaster. Seventy-eight years of being wrong, wrong, wrong. How many more years of lies will be required for the public to catch on?

Not only is the “time bomb” analogy a lie, but so is the “dollars you don’t have” phrase a lie. I challenge Mr. Lew to tell us how many dollars the U.S. federal government “has.”

The answer would be either none or infinite, depending on how one wishes to count, for the government has the unlimited ability to create dollars, ad hoc, every time it pays a bill.

(If you owned a dollar-printing press, how much money would you have?)

Having chosen to make tax policy without including Democrats in any of the conversation, now the administration probably can’t rally Republicans in Congress to do the basic business of government, such as making sure the country doesn’t default on debt and children don’t get thrown off health insurance, he said.

IF (big “if”) the Republicans don’t want the U.S. to default on its debt, all they need do is simply to pay the bills. The government does this every day, by sending instructions to each creditor’s bank, instructing the bank to increase the numbers in the creditor’s checking account.

So long as the federal government doesn’t run short of instructions, the country won’t default on its debt.

And as for throwing children off health insurance, all the GOP Congress needs to do is to vote to pay for health care. Simple and obvious, but the GOP prefers to claim that our Monetarily Sovereign nation is “broke.”

“The next shoe to drop is going to be an attack on the most vulnerable in our society,” Lew said. “How are we going to pay for the deficit caused by the tax cut?

We are going to see proposals to cut health insurance for poor people, to take basic food support away from poor people, to attack Medicare and Social Security.

One could not have made up a more cynical strategy.”

Mr. Lew, who are you trying to kid? “Cutting health insurance for poor people, and taking basic food support away from poor people” is exactly what the GOP wants to do.

That is the way the GOP satisfies its rich base — by widening the Gap between the rich and the rest.

Widen the Gap. That, in three short words, is the entire GOP platform. It is what their wealthy backers want. 

So Lew, a Democrat, carries water for the Republicans, proving again that political liars come in all stripes.

“What we’ve seen is a tax cut that spends money we don’t have to have very concentrated benefits for global corporations and the top 1 percent, and it’s leaving us broke,” according to Lew.

Oh, shut up, Lew.  Please, just shut up.

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

………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..

The 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 A MONTHLY ECONOMIC BONUS TO EVERY MAN, WOMAN AND CHILD IN AMERICA (similar to Social Security for All) (The JG (Jobs Guarantee) vs the GI (Guaranteed Income) vs the EB (Economic Bonus)) 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 EVERYONE Five 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 FEDERAL TAXES ON BUSINESS
Businesses are dollar-transferring machines. They transfer dollars from customers to employees, suppliers, shareholders and the federal government (the later having no use for those dollars). Any tax on businesses reduces the amount going to employees, suppliers and shareholders, which diminishes the economy. Ultimately, all business taxes reduce 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 business 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

Yes, there is a simple, straightforward way to reduce violent crime. Really.

It takes only two things to keep people in chains:
.

The ignorance of the oppressed
and the treachery of their leaders.

——————————————————————————————————————————————————————————————————————————————————————————–

Last July, we published,Gap Psychology at work. Why reducing crime does not require fighting crime.

As readers of this blog know, “Gap Psychology“ describes the human desire to distance oneself (widen the Gap) from those who are poorer, and to come closer to those who are richer.

Without the Gap, no one would be rich; we all would be the same. And the wider the Gap, the richer the rich are. Thus the prime interest of the rich is not just to make more money, but more importantly, to widen the Gaps below them.

Gap Psychology is manifested in many ways, from segregated neighborhoods, to private schools, to membership clubs, designer clothes, expensive cars, jewelry, mansions, etc.

Each is designed to help the richer separate themselves, physically and emotionally, from those who are poorer. The reverse also is true: For instance, wearing expensive jewelry allows the wearer to “come closer” to those who are richer. That is the other phase of Gap Psychology.

Gap Psychology is maintained by certain, basic beliefs, including the false narrative that poorer people are fundamentally less moral,  less intelligent and lazier than those who are richer.

More crime, especially violent crime, occurs in poor neighborhoods. This fact leads to two partial solutions for violent crime (“Partial,” because there are no total solutions for social problems):

  1. Attack violent crime directly with more police, tougher treatment by police, stricter laws, and harsher penalties, or
  2. Reduce the number and population of poor neighborhoods.

#1 is the partial solution of choice for the right wing. President Trump has advocated this approach.

#2 is the partial solution of choice for the left wing.

Which approach is more humane, more moral and more likely to reduce violent crime?

Why Inequality Predicts Homicide Rates Better Than Any Other Variable
Posted on January 2, 2018 by Yves Smith regarding Maia Szalavitz, a neuroscience journalist.

According to the World Bank, a simple measure of inequality predicts about half of the variance in murder rates between American states and between countries around the world.

When inequality is high and strips large numbers of men of the usual markers of status – like a good job and the ability to support a family – matters of respect and disrespect loom disproportionately.

Inequality predicts homicide rates “better than any other variable”, says Martin Daly, professor emeritus of psychology and neuroscience at McMaster University in Ontario.

This includes factors like rates of gun ownership (which also rise when inequality does) and cultural traits like placing more emphasis on “honor” (this, too, turns out to be linked with inequality). “

About 60 [academic] papers show that a very common result of greater inequality is more violence, usually measured by homicide rates,” says Richard Wilkinson, author of The Spirit Level and co-founder of the Equality Trust.

The introduction to the “Ten Steps to Prosperity” (below) reads:

“The 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.”

Just over half of murders are set off, not by a robbery, a love triangle, drugs, domestic violence or money, but simply the sense that someone had been dissed.

Harold Pollack, co-director of the University of Chicago Crime Lab, agrees. “If you foreclose [mainstream] opportunities for respect, status and personal advancement, people will find other ways to pursue those things.”

Obviously, potential murderers don’t check the local Gini Index – the most commonly used measure of inequality that looks at how wealth is distributed – before deciding whether to get a gun.

But they are keenly attuned to their own level of status in society and whether it allows them to get what they need to live a decent life. If they can’t, while others visibly bask in luxury that seems both impossible to attain and unfairly won, those far from the top often become desperate.

To paraphrase Bill Clinton, when he pointed out the most important issue in America, “It’s the Gap, stupid.”

Yes, widening the Gap by enriching the rich and impoverishing the poor also provides the most common motivation for violent crime.

What’s less known is that in most countries, most of the victims are male. Since inequality is common worldwide, killings related to status predominate – and men kill those whom they see as rivals.

All types of homicide are much less common in the egalitarian Scandinavian countries than in the US. But disputes over male status are so much lower in such countries that while in the US, 77% of victims are male, only 50% are in the Nordic nations.

“What’s fallen out is all this male macho stuff,” Daly says. Although inequality can also affect rates of crimes like robbery or burglary, its effect is most clearly seen in the way it murderously magnifies beefs.

One irony is that violent crime in the poor areas begets the belief that the poor do not “deserve” government assistance — that helping the “takers” only encourages sloth.

This belief, together with Gap Psychology provides the rich with a justification for cutting social benefits like Social Security, Medicare, poverty aids, education aids, etc.

The recent, stunning rise in inequality in America started in 1979, with the top 1% capturing 54% of all the increase in income between that year and 2007. Between 2009 and 2013, the 1% took 85% of income growth and the situation has only worsened since.

Daly says that no one knows what time lag to expect between a rise in inequality and a rise in murder – but if it does take a few decades, this could be the start of a troubling trend, not a blip.

The greater irony is that Donald Trump took advantage of the widening Gap, by promising the poor he would “drain the swamp,” “bring back jobs,” and get “fairer treatment” for America by “making America great, again,” none of which he even has tried to do.

In fact, the ill-fated GOP health care bills were aggressive Gap-widening efforts, and the recently passed, GOP tax bill is the ultimate Gap-widening program. 

Stanford historian Walter Scheidel, wrote that historically, the only way high inequality has been flattened has been through catastrophe: disease, famine, world war, societal collapse or communist revolution.

This is where we now are being led, where the poor are blamed for being poor and for experiencing the inevitable violence that results from poverty vs. plenty.

In summary, if you wish to reduce violent crime, the best way is to help lift the poor and middle, not just to jail them.

Or, you can endure catastrophe.

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

………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..

The 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 A MONTHLY ECONOMIC BONUS TO EVERY MAN, WOMAN AND CHILD IN AMERICA (similar to Social Security for All) (The JG (Jobs Guarantee) vs the GI (Guaranteed Income) vs the EB (Economic Bonus)) 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 EVERYONE Five 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 FEDERAL TAXES ON BUSINESS
Businesses are dollar-transferring machines. They transfer dollars from customers to employees, suppliers, shareholders and the federal government (the later having no use for those dollars). Any tax on businesses reduces the amount going to employees, suppliers and shareholders, which diminishes the economy. Ultimately, all business taxes reduce 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 business 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