I’m so sick of the Democrats I could puke Sunday, Oct 8 2017 

Image result for escaping the prison
It takes only two things to keep people in chains:
The ignorance of the oppressed
and the treachery of their leaders.

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The Republicans are on the wrong side of every issue.  Donald Trump is the worst President in your lifetime — perhaps the worst ever. And still, the Democrats have not found a way to win.

I’m so sick of them I could puke.

Read these excerpts from THE WEEK:

Trump’s 35% doctrine
By David Faris

On issue after issue, Republicans are pursuing policy goals that are unambiguously opposed by towering majorities of American citizens.

President Trump himself is on the wrong side of nearly every single major culture war initiative he has pursued.

Broad majorities of Americans believe the president tweets too often (69 percent), that his use of the platform at all is a net negative (59 percent), that health insurance should pay for birth control (69 percent), that NFL players should have the right to kneel during the national anthem without being fired (57 percent), and that they can trust the media to tell them the truth (68 percent).

While President Trump careens and rage-tweets his way to a needless crisis over the Iran deal, Americans want the accord to remain in place (56 percent to 29 percent), a decisive majority opposes military action against North Korea (60 percent to 29 percent) and 70 percent believe the president’s lunatic posturing and schoolyard name-calling are unhelpful in de-escalating the crisis.

Americans disapproved of President Trump’s withdrawal from the Paris Agreement by a mile, too (59 percent to 28 percent).

Image result for whack-a-moleSo what are the Democrats doing about it?

Are they getting together and agreeing to laser-focus on the one or two most important (to the voters) issues?

No, they individually bop around like Whac-A-Mole players, reacting to each stupid tweet from Trump.

No focus, no plan, no philosophy, no direction, no change, no leader.

The public is angry. You voters want change. You voters of the 99% hate being down while the rich 1% are up.

But the Dems offer you nothing but horror about Trump’s lies.

Yes, we know. We get it. Trump is a lying, incompetent, mean-spirited, “me-only, ” “promise-them-anything” fraud. And yes, it’s no secret, the GOP is the party of the rich, and the rest of you be damned.

But Dems, what are you going to do about it, other than act outraged?

The numbers are much, much worse for the GOP economic agenda. The GOP’s plan to raise taxes on working people while slashing rates for the Hamptons set debuted at 28 percent support this week, with an overwhelming majority (65 percent) believing that large corporations should pay more in taxes rather than less.

Why else would his administration rescind the Deferred Action For Childhood Arrivals (DACA) program when 70 percent of respondents want a path to citizenship for the DREAMers?

Even Trump’s magical, see-through border wall is down to 35 percent. Republicans also plan to cripple the Consumer Financial Protection Bureau and roll back the Dodd-Frank financial reform passed into law under former President Obama, both of which continue to enjoy 74 percent approval from the public.

Before it was euthanized behind closed doors last week, the Graham-Cassidy health-care atrocity was polling at 20 percent.

As a marketing professional for the past 60 years, I’ve learned several things, but perhaps the most important of all is: Focus on the key benefits.

Don’t focus on the product. Don’t focus on the competition. Focus on the key benefits.

No company changes its slogan every day, but that is exactly what the Dems do. Every day its a new response to Trump, and by the time it hits, he’s long gone on yet another bit of nuttiness.

If you can tell me specifically what the Dems stand for, specifically what they want to accomplish, and specifically how they plan to help you, the voter, my hat’s off to you.  I sure can’t.

Trump has the Dems so flummoxed, none of them can tell you what they hope to achieve for you. When they try to say everything, they communicate nothing.

Trump won not only because Hillary Clinton was an arrogant campaigner, who was so sure she had it won, she forgot to listen to the voters. Trump won because he promised to “drain the swamp,” and to make you great, again.

All his other promises were merely pieces of the one big concept: “Your government is broken and I will fix it for you. You should be great, but the government has taken your greatness away. I will make you great, again.”

That resonated with his two bases:

  1. The beat down people who feel the world is against them and need a strong, white knight to save them, and
  2. The rich who know greedy Trump will do everything for himself and in the process also benefit his fellow rich.

Neither of those bases cares that he is a lying, cheating,  bigoted scumbag. He promised to fix the government and to cut taxes. All the voters cared about is that this charismatic speaker who feigns being just as angry at the government as they are, will shake things up on their behalf and make their lives beautiful.

What is the Democrats’ promise? What change will they make? Who is their charismatic speaker? What will they do for you?

The Republican Party of 2017 is a gang of thieves, miscreants, and shameless liars, acting not on any conceivable interpretation of the public good but instead governing in the interest of their donors and their increasingly unhinged base, the sort of people who would elect a lawless theocrat called Roy Moore to one of the 100 or so most important offices in the entire country.

They are gambling that their only meaningful challenge is to survive the wrath of their primary voters, who they expect to ignore outcomes, and instead hold incumbents to an ideological litmus test — rewarding them with re-election only if their policy positions signal congruence.

The Democrats lack two things: Courage and a charismatic leader.

They lack the courage to tell the people why federal deficit is spending good for them, and here is what benefits we will give you.  [See the Ten Steps, below]

The Democrats put Professor Stephanie Kelton on the payroll. She understands Monetary Sovereignty.  She is an expert.

They hired her, then didn’t say a word about Monetary Sovereignty, ample evidence of extreme cowardice or extreme stupidity. Take your choice.

Instead, they chose as their candidate, someone who would change nothing except the monograms on the White House linens.

She was “more of the same,” while Trump was “drain the swamp.”

So an obviously dishonest ignoramus won when the election shouldn’t even have been close, and it was all due to Democratic incompetence, no, Democratic conservatism.

Note to Dems: Below are Ten Steps. Pick one. Focus on it. Make it your signature. Explain why it will work. Explain why it will benefit the 99%. Fight for it. Defend it against lies. Be united for it. Repeat, repeat, repeat.

For instance, #1 is “Eliminate FICA.” Easily done at the stroke of a pen. Nothing complicated. Just eliminate the most regressive, unfair tax in America. It serves no purpose, whatsoever. None.

Image result for money down the toilet

FICA

(No, despite all the lies from the government and the politicians, FICA does not fund Social Security, does not fund Medicare, and does not fund anything else.

It is a 100% loss for the economy and 0% useful.)

Getting rid of it would be a trillion dollar boost to the economy — a trillion dollar benefit to business and to the working class.

It would help lift the U.S. back to #1 in GDP (PPP). (Yes, we are 2nd to China and actually 3rd if you include the European Union.)

Please, explain why the federal government doesn’t need my FICA dollars, and why the elimination of FICA won’t cause inflation and why it will make my life better.  Tell me the good news.

Fight, fight, fight for it.  Don’t surrender to the “debt is bad, our children will pay” bullshit memes. All you need is the courage to change the “same old, same old” to “Here is what your future can be.” 

Have the Dems learned from the thrashings of the past few years? I see no signs of it. All I see is more “Trump is bad” Whac-a-Mole.

Who cares, anymore?  So yes, Trump is bad. And yes, the GOP is bad. And the Nazis are bad. White supremacists are bad. Joe Arpaio is bad. Steve Bannon is bad. I get it.

But, all I really want to know is, what will you do for me? That. Is. All. I. Want. To. Know.

WHAT WILL YOU DO FOR ME? 

Tell me loud. Tell me beautifully. Tell me with conviction and with optimism. Show me a bright future.

Tell me the same thing again, and again, and again. I may not believe you the first time or even the 100th time. But eventually, if you tell me the same thing, often enough and passionately enough, I will believe.

And then, because you will have the advantage of truth, I will follow you, and you will win.

So, come on guys, do it.

Don’t make me puke, again.

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

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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

 

Bad news for MMT’s Job Guarantee Saturday, Oct 7 2017 

 

Image result for escaping the prison

 

It takes only two things to keep people in chains:
The ignorance of the oppressed
and the treachery of their leaders.

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

Modern Monetary Theory (MMT) is a close cousin to Monetary Sovereignty (MS), the theory espoused on this site.

Both recognize the fact that federal finances are unlike state and local government finances. The federal government uniquely has a sovereign currency, the dollar, which it can create endlessly. Thus, federal spending is not funded by taxes or borrowing.

Fundamentally, MMT and MS are identical, but one important detail concealed by the devil has to do with MMT’s “Job Guarantee” (JG).

We have discussed JG many times, and continue to do so, because MMTers claim it is one of the most important parts of MMT.

They even have established a Center for Full Employment and Price Stability at the University of Missouri, Kansas City.

Here are excerpts from an article in The Nation:

The Job Guarantee: A Government Plan for Full Employment
There is no economic demand more urgent than putting Americans back to work. The government can do this by creating an “employer of last resort” program.
The Nation, By L. Randall Wray, June 8, 2011

There is no economic policy more important than job creation.

JG is a scheme only a university economist could love.

The idea is this: A federal government bureaucrat will create (or find in the public sector; that never has been clear) a job for anyone who wants a minimum wage job.

MMT refers to such job seekers as “buffer stock” or a “pool of employable labor.”

To be part of “buffer stock” or the “pool”:

  1. You will accept any minimum wage job you are offered, wherever in America it may be.
  2. You are qualified for any minimum wage job you are offered.
  3. Or, a federal government bureaucrat has the ability to find you the minimum wage job you want, and for which you are qualified, in a location convenient to where you live (even if you live in a small town in rural America).
  4. You prefer to work a minimum wage job, rather than not work, because you find such labor to be more emotionally rewarding than not working. (This doesn’t apply to wealthy people, of course.)

The whole thing is based on the MMT economist’s belief that the primary goal of you “buffer stock,” “pool employables”  (sometimes known as “people”) is to labor, or if that isn’t your primary goal, it morally should be. Apparently, you cannot be happy unless you have some minimum wage job, somewhere.

If the MMT professors merely would open a window in their ivory tower, they might see this:

Why Can’t the Middle Class Find Good Jobs if There Are So Many Job Openings?
Money & Career Cheat Sheet, Sam Becker, October 07, 2017

Job vacancies and job openings are exactly what they sound like — open jobs waiting to be filled. These positions represent needs from employers, and as such, employers advertise them as jobs to be filled.

As mentioned, these openings are at the highest levels on record, which goes back to the year 2000 when the government started keeping track.

Bureau of Labor Statistics, show there are more than 6 million job vacancies in the U.S. economy.  Why are employers unwilling to dip into the pool of 6.9 million unemployed people?

The answer, it seems, is a “skills mismatch.”

What does that mean? Those unemployed Americans out there don’t have the required skills or experience to be successful in the open positions.

A more obvious issue is the fact that many employers are reluctant to pay workers more.

Labor, like any other commodity, is subject to the rules of the free market. When there’s a shortage (as there appears to be right now), prices go up. But businesses don’t want to increase spending, and as a result they are allowing positions to go unfilled.

It’s not merely a matter of not being able to find quality employees. It’s that businesses are reluctant to pay more for them.

Pause for a moment to consider what you have read: There are millions of jobs available, but unemployed Americans don’t have the the skills to do them and employers are reluctant to pay what applicants want.

This doesn’t mean no one in America can do the job. It means:

Convenient to this location, there are no people who know about the job, can do the job, or who want the job, or who want the pay the job offers.

There are five crucial faults — job location, job awareness, job ability, job desire, pay acceptance — that separate JG from reality.

If the unemployed are looked at as mere “buffer stock,” these may be non-issues, but if they are considered to be human beings, these are killer issues. MMT economists, with their charts and graphs, fail to understand that.

If you have millions of workers who don’t have the skills needed to fill your positions, one option is to train them. But that’s something fewer and fewer businesses are offering these days.

More jobs than ever require college degrees, and many entry-level positions expect you to come in with some sort of certification or experience. This, of course, is at odds with the “entry-level” designation.

The fulcrum point of all of this is many employers simply aren’t offering attractive enough compensation packages to get the people they want. Yes, there’s a skills gap out there. But even that can be solved with high enough incentives.

How does the above square with MMT’s desire to pay minimum wage? Of course, it doesn’t.

That brings us to another (issue): The South and Midwest are where the most open jobs are.

And it’s not just areas of  the nation. It’s not even which states have jobs. It’s not even which cities. It’s a question of transportation cost and time. Most people will not accept a job that is much more than an hour a way and/or costly to reach.

Someone living in a northern suburb of, for instance, Chicago, would not consider a job in most of the Chicago business area — especially for a minimum wage job. Too far away and too costly to reach.

When employers can’t get people to work for the wages they’re offering, what are they supposed to do? The answer is to offer higher wages — and keep raising them until people start to bite.

Or mechanize, so live employment is less necessary.  Machines are a tempting option: No absences, no complaints, no labor problems, no errors, no salaries, no benefits, no lunch breaks.

A lot of employers are willing to let the 6 million unfilled jobs sit there rather than offer higher wages to fill them. That is why we have a record number of job vacancies and why we have millions of unemployed people who aren’t interested, or, as employers say, aren’t qualified.

MMT’s view of people as eager pegs to be dropped into holes, is at odds with reality.

Image result for ditch digger

Do you want this minimum wage job?

And here is another reality: The future is not more working hours, but fewer.

The goal for most people is to be able to do what they want, when they want — to live a happy life.

For some, this means being productive. For others it means reading, vacationing, being healthy, having friends, raising children, etc.

To each his own.

MMT’s professors repeatedly have stated, “There is no economic policy more important than job creation.”  They are wrong. Slaves in the South were fully employed. They were not happy.

People want happy lives. Minimum wage jobs are not the road to happy lives. There’s an old line, “No one ever says, ‘I wish I had spent more time in the office.'” Working for money seldom is a goal. The real goal is money and what money can buy.

Ask any retired person.

Monetary Sovereignty says “The most important problems in economics involve the excessive income/wealth/power Gaps between the have-mores and the have-less.”

While narrowing the Gap between the rich and the rest cannot be accomplished by JG’s minimum wage jobs, it can be accomplished, beginning with Monetary Sovereignty’s Ten Steps to Prosperity (below).

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

Trump wants to force poor women to have more babies. That’s the plan. Friday, Oct 6 2017 

Image result for the truth will set you free
It takes only two things to keep people in chains:
The ignorance of the oppressed and the treachery of their leaders.

——————————————————————————————————————————————————————

Yes, Trump really does want to force poor women to have more babies. It’s all part of the plan.

And it’s not just Trump. Many religious leaders — the self-proclaimed “moral” people — want the same thing.

Trump administration narrows access to birth-control coverage under Obamacare
By Juliet Eilperin, Amy Goldstein And William Wan, The Washington Post, 10/6/17

The Trump administration issued a rule Friday that sharply limits the Affordable Care Act’s contraception coverage mandate, a move that could mean many American women would no longer have access to birth control free of charge.

Several religious groups, which battled the Obama administration for years over the controversial requirement, welcomed the action.

Women’s rights organizations and some medical professionals portrayed it as a blow to women’s health, warning that it could lead to a higher number of unintended pregnancies.

“See, it’s like this. We Republicans know you’re poor and often don’t even have enough money to feed your kids.

The lazy poor, bending and sweating in the heat, for low wages.

 

But you’re just a bunch of lazy, good-for-nothings who are trying to collect “freebies” from the government.
“So we are doing everything possible to destroy your access to healthcare.

We tried to eliminate Obamacare all at once, but a few bleeding hearts prevented it, so now we are going to pick it apart, piece by piece.

“Our President already has cut some funding and probably will cut more.  Here’s the latest news:

“We won’t pay for your birth control, and we also won’t pay for your abortions, which result from lack of birth control.  You impoverished women have a choice: Either give up sex or have more babies you can’t afford. Yes, that’s part of the plan.

“(Or, of course, you can use a wire hanger in an alley, as a third option.)

“Later, it will be your fault that those unwanted, impoverished babies grow up to be gun-toting, uneducated, drug-dealing criminals, and all we superior, moral people will shake our heads and say ‘Tsk tsk,” then punish them severely.

“That too, is part of the plan.

“Gotcha!”

Several religious groups, which battled the Obama administration for years over the controversial requirement, welcomed the action.

Women’s rights organizations and some medical professionals portrayed it as a blow to women’s health, warning that it could lead to a higher number of unintended pregnancies.

“Could” lead to more unintended pregnancies? “Could”? How about, absolutely, positively will, but that is part of the plan.

Organizations affiliated with the Catholic church, which teaches against birth control other than by natural means, have been among the most vocal opponents.

They’ve argued that having to cover the cost of contraception through health insurance plans is tantamount to being forced by the government to be complicit in a sin.

Apparently, using a condom is a sin. And you know what else is a sin? Mistreating the poor, and doing it in the name of “religious freedom.”

I’m no expert on religion, but I suspect Jesus would be far more opposed to the latter sin than to the former.

The National Women’s Law Center – which estimates that in 2013 alone, the contraception requirement saved women $1.4 billion in oral contraceptive costs – has vowed to challenge the Trump administration in court.

It plans to argue that the new policy will allow employers to impose their religious beliefs on employees.

As always, the GOP says the religious freedom of employers is more important than the freedoms of employees.

But, that’s all part of the plan.

The rule follows some social conservatives’ increasing frustration with the pace at which the Trump administration has addressed their demands on issues such as the ACA contraception requirement.

“An awful lot of people who voted for this president did so believing this was going to be something he would solve,” said Mark Rienzi, senior counsel for the Becket Fund for Religious Liberty, who hailed the rule as a correction of overly aggressive liberal actions under President Barack Obama.

“There are other ways to get contraceptives. You don’t need to force nuns to give people contraception.”

One suspects that all those “social conservatives” who are frustrated about poor people preventing pregnancies, have enough money to buy contraceptives, and they do so regularly.

We suspect that every single business that takes advantage of Trump’s ruling is led by a CEO whose wife, girlfriend and adult daughters — and/or their men — commit the “sin” of using contraceptives.

No, the issue is not about ordinary people using contraceptives. The issue is about the poor using contraceptives. And that is part of the plan.

So, what is the plan, you ask?

Job line

Part of the plan is to create desperation among millions of people, who will be forced to take any crap job at any crap wage the rich care to offer — thousands of laborers to build Trump hotels, be cheated out of their salaries, and not even have enough financial power to sue.

Torturing the poor, to get them to submit to all sorts of maltreatment, is a reliable old standby.

Deny them sex, or force them to have babies they neither want nor can afford, thus impoverishing them further. 

Then demean them for the crimes of being poor and having babies they can’t afford.

Put them in impossible situations they can try to avoid only by accepting the most terrible jobs. That is part of the plan.

How else can you get people to do backbreaking stoop labor under a hot sun for slave wages and without even bathroom facilities? Or to wait in hours-long lines, hoping to receive a one-day job from a mean taskmaster?

Desperation works. It’s cruel. It’s inhumane. But it works. Many religious leaders love it.

And the basic plan, the real plan? It’s to widen the Gap between the rich and the poor. It’s known as “Gap Psychology.” Without it, the rich wouldn’t be rich.

Look it up.  It’s a GOP favorite.

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

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

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 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

The nine politicians in black robes Friday, Oct 6 2017 

Image result for freedom

Freedom

It takes only two things to keep people in chains: The ignorance of the oppressed and the treachery of their leaders.

—————————————————————————————————————————————————————————————————————————————————————————————————————-

There is a difference between ideology and party politics. The former is concerned with issues. The latter is concerned with blind loyalty.

Political parties do not bind themselves to an ideology, but rather focus on winning elections.

You probably have been told that the Supreme Court is a mixture of conservative and liberal Justices, something like this small table, showing the “attitude” (fundamental belief) of each Justice. Image result for supreme court party politics

In reality, The Supreme Court acts like the 3rd segment of the legislative branch.

Like a politician, each justice clings to the party that nominated him (her).

In short, the Supreme Court is ruled by politics, not by law and not by ideology.

The Justices make new law in the same way the Senate and House do: On the basis of political expedience.  Each Justice interprets (twists) the words of the Constitution to fulfill political allegiance, even resorting to the claim that some of the Constitution’s words are completely meaningless.

The 2nd Amendment to the Constitution reads, “A well-regulated militia being necessary to the security of a free state, the right of the people to keep and bear arms shall not be infringed.”

It is difficult to argue that the framers intentionally included the bolded words, knowing they were to have no meaning.

Yet, our most famous, self-described “originalist” judge, Antonin Scalia, who prided himself on following the exact, plain-word meaning of the Constitution, argued exactly that.

He said the words, “well-regulated militia” had no meaning whatsoever — that they were an introduction like “Ahem,” a kind of legal throat clearing.

Republicans claim to be “conservatives,” but they are not. A real conservative wishes to conserve the past or at least the present. That desire is not what defines today’s Republicans.

Some de facto elements of today’s Republicanism are:

1. Pro-life, pro-death penalty, anti-birth control, pro-religion, pro-gun.  There is an ideological disconnect between pro-life and pro-death penalty and pro-religion.

If your religion believes the killing of fetuses is murder, why would you favor the mass distribution of murder machines and the killing of prisoners?

And if you oppose abortion, why would you oppose the birth control that would reduce the demand for abortions?

These are not conservative positions. They are not ideological positions. They are Republican political positions.

For instance, the Supreme Court decision, Roe v. Wade, legalized abortion by a 7-2 vote. Six of the seven justices in the majority were Republican appointees.

The State of Massachusetts passed a health care reform law in 2006. Governor Mitt Romney was a Republican. The law became known as “Romneycare.” Clearly, politics, not conservative ideology, was responsible for the subsequent Republican hatred of Obamacare, which was a virtual clone of Romneycare.

2. Pro-Christian, anti-nonChristian, anti-black, anti-brown, pro-white,  anti-immigrant. Many Republicans would deny having these beliefs, but whether or not stated overtly, the evidence is in the voting.

One only can wonder how a follower of Christ’s teachings can vote against the well-being of blacks, browns, and immigrants.

3. Anti-Jew, pro-Israel. Another head-scratcher. Christ was born, lived, and died a Jew, and was, in fact, a rabbi.

Being anti-Jew, but pro-Israel can be justified (if justification even is possible) only if anti-Muslim feelings are greater than anti-Jew feelings –“the enemy of my enemy” idea.

4. Anti-big government, pro-big business, anti-gay marriage, pro-“strict law and order.”  The anti-big government people believe the government is too intrusive and burdensome on our lives, while inexplicably believing big business is not intrusive or burdensome.

 The same anti-government people believe the government should intrude forcefully on the lives of gay people, and on individuals accused of street crime.

4. Pro-military spending, anti-social spending, anti-deficit spending, anti-science, anti-arts. “Anti-science” manifests itself with climate change denial and evolution denial.

“Anti-deficit” always gives way to “pro-military.”

What is the commonality of the above? They are not conservatism. They do not express a conservative ideology. Some do not “conserve” anything, some are mutually nonsensical, and some merely are bigotry.

There is but one commonality: They all are today’s Republican political positions. 

Imagine this scenario:

You are a renter who is suing your landlord. A plain reading of the law favors your position, but you know the judge was appointed by a powerful politician, who also is a landlord. Thus, the judge has a personal bias favoring landlords.

Statistics show that in the vast majority of tenant vs. landlord cases to appear before the judge, he rules in favor of the landlord, no matter what a plain English interpretation of the law says.

That is not ideology. The judge’s decision is based on politics.

I have just described to you, the U.S. Supreme Court.

Today’s Supreme Court is composed of nine Justices, of whom four repeatedly lean politically Republican (Neil Gorsuch, Clarence Thomas, Samual Alito, and John Roberts) four repeatedly lean Democratic (Elena Kagen, Sonia Sotomayer, Ruth Bader Ginsburg, and Stephen Breyer) with one being a “swing vote,” but with a Republican tilt (Anthony Kennedy).

Each of the judges is being influenced by some notion, not included in the law or the case itself. This unity is what one would expect of a political party, not of a group of impartial judges.

All of the so-called “conservative” judges are, in fact, Republican, not conservative, judges.  

Similarly, all “progressive” judges were appointed by Democrats though the Democratic party is not truly progressive. President Obama, with his cuts to social programs and his massive number of immigrant deportations, mashed a large dollop of Republican belief into his progressivism.

But the left-wing of the Supreme Court is quite reliably Democratic.

The current Republicans, now being the “party of the rich,” consistently vote to widen the Gap between the rich and the rest. This is not a conservative position; it merely is the current political position of the Republican party.

The poor are more likely to be killed by guns and the pro-death penalty, more likely to be blocked by anti-gay marriage laws, far more likely to be punished by anti-poverty rulings, housing discrimination, the loss of medical care, and bigotry.

A Supreme Court that repeatedly favors the rich and opposes the poor, acts like Republican politicians in black robes.”

But, consider the four “progressive” Justices.  What unites them?

The contemporary common political conception of progressivism in the culture of the Western world emerged from the vast social changes brought about by industrialization in the Western world in the late 19th century.

Progress was being stifled by vast economic inequality between the rich and the poor; minimally regulated laissez-faire capitalism with monopolistic corporations; and intense and often violent conflict between workers and capitalists, thus claiming that measures were needed to address these problems.

While Republicans (faux conservatives) wish to widen the Gap between the rich and the rest,  Democrats (faux progressives) claim to wish to narrow the Gap.  In reality, both sides are pro-Gap widening; the Republicans merely more so.

America has two parties: The strong Gap-wideners, and the weaker Gap-wideners.

In Summary: The Republicans are not ideologically conservative, and the Democrats are not ideologically progressive. They are political.

Similarly, Supreme Court bloc voting is not the result of ideology but rather, of party affiliation.

Is America better for having a Supreme Court that favors the Republican lean toward the rich, or would a Supreme Court that favors the Democratic lean toward the middle and the poor be better?Image result for supreme court party politics

Whatever your answer, you should know that in the Supreme Court, the law often is ignored and ideology often is forgotten. But politics never are either.

In summary:

The Republicans are not conservative. The Democrats are not liberal. The Supreme Court is not ideological.

It’s all party politics for the nine politicians in black robes.

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

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

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 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

 

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