Trump’s appeal and when is a Jew not a Jew?

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

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What is the appeal of Donald Trump, and when is a Jew not a Jew?

Obviously, the answers are different for each individual, so to come to any conclusions, I’ve had to generalize.

Here are some generalizations:

I know Trump’s followers mostly are less educated, white and conversely, rich.

I can understand the less educated. They are the ones who have been hurt most by the recession and by foreign competition. The less educated have lost their jobs and have seen their employers move manufacturing overseas.

Trump promises them he will bring jobs back here by being tough on other nations and on domestic companies that buy foreign manufacturing.

Of course, foreign competition is what makes that car, that TV, those toys and baby clothes more affordable for the less educated. But the emotion of not having a job, or struggling with a low-pay job is greater than the concern about more expensive goods.

Trump tells them he will be a “jobs President,” and though he has no plan and is a compulsive liar, they believe him. They want to believe him. They need belief and scapegoats

And I understand the white. They have been programmed to be bigots. They believe that the brown and black-skinned are stealing jobs and creating street crime and are inferior.

Trump tells the whites he will kick all those brown-skinned rapists out of the country and will be tough on crime.

The fact that poverty, not skin color, creates most street crime is lost on the whites, as is the fact that immigrants create jobs by consuming goods and services. Trump’s bigoted proposals to build a wall and to deport 11 million would be laughable if it were not so outrageous.

But the whites want to believe him. They need scapegoats.

And I understand the rich. Trump is one of them. He says he is going to cut taxes, and that is what the rich care about.

He also says he will get rid of “tax loopholes,” the ones that allow him and other rich people to save millions. I’m not sure why anyone would believe him . . . or pretty much anything else he says.

I understand the less educated, the white and the rich. But there is another group I don’t understand, and I am part of it.

I am a Jew, and many of my friends are Jews. Mostly, they are in the upper 5% of the income / wealth / power class.

Historically, Jews have voted Democratic for one reason. The Democrats, through the years, have been the party of the underdog.

The Democrats were the party that created Social Security, Medicare, Medicaid, and most other social services of greater benefit to the less affluent and less powerful.

Jews understand being the victims of bigotry. For 2,000 years Jews have suffered through pogroms and the Inquisition and the Holocaust. Jews have been denied jobs, attacked, tortured for not converting, refused entry to universities and clubs, seen their houses and synagogues burned, accused of various plots to own the world, deported, and blamed for God’s death.

Compassion for the underdog is burned into Jewish genes.

So it has come as a shock to me, when of late, some of my friends told me they plan to vote for Trump.

Here is their reasoning:
1. They hate Hillary; they don’t trust her (though strangely, they do trust Trump).
2. They hate Bernie because he is a socialist who will raise taxes (though he isn’t a socialist and he won’t need to raise taxes).
3. Trump is strong and we need a strong leader (which is exactly how dictators come into power)
4. Trump will cut taxes and spending on social programs (punishing the poor).
5. Trump will be tough on criminals (like for instance, shooting unarmed blacks and deporting browns).

Trump cares nothing for the underdog. He never speaks of compassion, and his followers never do, either. That lack of compassion is the fundamental difference between conservatives and liberals. Conservatives despise the poor; liberals feel for them.

Trump’s daughter is Jewish by marriage. She should talk with her father about his bigotry and lack of compassion.

In my eyes, Trump’s followers, Jewish or otherwise, not only don’t care about the less fortunate, they actively dislike them. They buy into the bigotry that those below on the economic scale, are lazy takers, who need to be disciplined into submission.

Trumpists empathize with the rich. And, of course, they hate taxes on the rich.

Compassion is the one thing totally absent from Donald Trump’s appeal.

Now my friends are not selfish people and they are not mean people. Most of them give heavily to charities (though their charities tend to be religion- and health-oriented (Israel, cancer, etc.) rather than benevolents to the poor.

They no longer see themselves among the less fortunate. They are distanced from pogroms, the Holocaust, country club exclusion and deportations.

Today’s Jews experience less overt bigotry than in the past. Fewer people look at our heads to see if we have horns. And it has been many years since I’ve been accused of killing God, the all-powerful.

I truly believe Jews who have lost their compassion have lost their Jewishness. They are homeless people, estranged from their own history, but not really accepted by the non-Jewish world.

They are caught in the worst of both worlds.

Rodger Malcolm Mitchell
Monetary Sovereignty

 

===================================================================================
Ten Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually Click here
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)

10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

The Ten Steps will grow the economy, and narrow the income/wealth/power Gap between the rich and you.
========================================================================================================================================================================================================================================================================================================

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

THE RECESSION CLOCK

Recessions begin an average of 2 years after the blue line first dips below zero. A common phenomenon is for the line briefly to dip below zero, then rise above zero, before falling dramatically below zero. There was a brief dip below zero in 2015, followed by another dip – the familiar pre-recession pattern.
Recessions are cured by a rising red line.

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

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

Mitchell’s laws:
•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.
•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.

Liberals 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 rich and the rest..
•Austerity is the government’s method for widening
the Gap between rich and poor.
•Until the 99% understand the need for federal deficits, the upper 1% will rule.
•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..

MONETARY SOVEREIGNTY

 

Why I hope Trump wins the Republican nomination

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

============================================================================================================================================================================================================================================================

Where did it begin? With Karl Rove? George W. Bush? Newt Gingrich? The Tea Party?

Somewhere along the line, the self-proclaimed patriotic, self-proclaimed religious Republican party lost its patriotism, lost its religion, and lost its morality.

The Republicans were not to cooperate to benefit America. For the right-wing, politics became a vicious war, and winning became the obsession.

The biggest story of the past fifty years in American politics has been the ascendancy of the right, and it’s a story of apostasy. George Packer, “Turned Around,” The New Yorker, February 22, 2016

Then came Barack Obama. In reality, he’s just another DINO (Democrat in name only). He’s more conservative than liberal, more Tea Party than Democrat, more pro-rich than pro-poor.

He espouses the Big Lie that federal financing is just like personal financing, that the federal government can run short of dollars to pay its bills, and that federal deficits are “unsustainable.”

Obama signed into law the infamous Budget Control Act of 2011 which led to the outrageous “sequester.” He sold the act to the public as a way to prevent a mythical sovereign default, because of the unnecessary 2011 debt-ceiling crisis.

Obama spoke of “hope,” then deported more hopeful immigrants than any President in American history.

And it was all for naught. Obama’s craven pandering to the Republicans and the rich failed like craven pandering always does — just as his craven pandering to Arab terrorism failed to bring peace.

The Republicans (and the terrorists) saw Obama’s weakness and smelled blood in the water.

The Republican goal became not one of building America, nor of helping Americans, but rather of tearing down everything Obama. The Republicans became the party of obstruction, and in doing so, the Republicans also became the party of hatred, a dark, brooding menace on the polical landscape.

They broadcast hatred for gays, for immigrants, for women seeking abortion, hatred for unions, for Muslims, the poor, Latinos, the aged, blacks, those who want any form of gun control, hatred for non-Christians, those who believe in evolution, those who believe in human-caused global warming, those wanting pollution controls, embryo research, peaceful negotiation rather than war, and of course, hatred for anything Obama.

And now we have that political party, so alienated from American morality, it refuses to participate in the American political system. Republicans will not even consider the credentials of any Supreme Court candidate, no matter how qualified, if submitted by Obama.

As the inevitable result of moral abandonment came Donald Trump, the ultimate caricature of Republican contempt for compassion.

If Republicans despised immigrants, Trump would detest them more. He will deport 11 million.

If Republicans despised foreigners, Trump would detest them more. He will build a colossal wall and create fortress America.

If Republicans were bigots, Trump would be the greater bigot. In Trump-world, Mexicans became “rapists and criminals,” and “Islam hated America.”

If Republicans admired guns, Trump would adore guns. He says, “The government has no business dictating what types of firearms good, honest people are allowed to own.” (Everyone to have a machine gun?)

Trump claims global warming is a hoax. He claims deficit spending (which primarily helps the middle and lower incomes) must be cut. He wants to freeze green cards and to end constitutionally provided birthright citizenship. Trump University is only one of his many shameful business legacies. Trying to steal a widow’s home was business as usual.

Trump tells you the U.S. “should look and act tough.” But, he is a bully and bullies are cowards.

He wants to send our young people to fight and die for oil drilling areas, though he did everything possible to stay safely out of the military.

Now, he swaggers to his podium, affects a fierce face, and points at those who disagree with him, snarling “Get ’em outa here. Get ’em outa here.”

Mr. Tough Guy.

In short, he tells us to be bullies just like him. He wants us to be a xenophobic, cowardly, aggressive, hateful America. That is his slogan, his how he plans to “make America great, again.”

And that is why I hope he becomes the Republican candidate.

For they sow the wind, and they shall reap the whirlwind.

The Republicans have sown the wind of hatred, and they have reaped Donald Trump. While the Republican party may have become stupid and mean-spirited enough to nominate him, I doubt very much that the American public is Trump-stupid and Trump-mean enough to elect him.

The world is filled with little, rotten, imperious governments, run by little, rotten, imperious martinets. This is not America.

With Trump as a candidate, Americans will have a wonderful opportunity this November to tell the world: “We are not a nation of haters and bigots. We are not a fearful, exclusionary, white-only, Christian-only, male-only nation groveling before the rich and powerful.

We are a giving, charitable, loving nation, comfortable enough in our great strength to welcome the tired, the poor, the homeless, the hungry, and the ‘huddled masses yearning to breathe free.'”

Rather than following the false words, “Make America great, again” (We already are great), we can make America the ideal again, the country the rest of the world wishes to emulate, not just for our money and our military, but for our morals.

Millions of people, all colors and all beliefs, have poured across our borders for more than 200 years. The blending of genes strengthened America’s genes.

Those who already had arrived showed the courage to welcome the strange ideas and the unfamiliar customs of our new arrivals, not with a wall, but with open hearts. We were the golden land, embracing strangers and helping them achieve the American dream.

And that is how we created the greatest, most powerful nation the world ever has known.

But sometimes, even here in America, we need a reminder about who we are, and how being inclusive and welcoming and compassionate have made us admired.

So go ahead, Republicans. Bring it on. Nominate Trump and give us Americans the podium from which we will reject Trumpism and show the world why we still are America the beautiful.

Rodger Malcolm Mitchell
Monetary Sovereignty

 

===================================================================================
Ten Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually Click here
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)

10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

The Ten Steps will grow the economy, and narrow the income/wealth/power Gap between the rich and you.
========================================================================================================================================================================================================================================================================================================

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

THE RECESSION CLOCK

Recessions begin an average of 2 years after the blue line first dips below zero. A common phenomenon is for the line briefly to dip below zero, then rise above zero, before falling dramatically below zero. There was a brief dip below zero in 2015, followed by another dip – the familiar pre-recession pattern.
Recessions are cured by a rising red line.

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

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

Mitchell’s laws:
•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.
•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.

Liberals 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 rich and the rest..
•Austerity is the government’s method for widening
the Gap between rich and poor.
•Until the 99% understand the need for federal deficits, the upper 1% will rule.
•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..

MONETARY SOVEREIGNTY

Trump is right — for the wrong reason

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

============================================================================================================================================================================================================================================================

Exchange between CNN host Erin Burnett and Donald Trump:

Trump: “Let me just explain something. Illegal immigration each year costs us between 200 and 300 billion dollars. I don’t know if anybody gives you those numbers — probably not. But, and when you include crime and other problems it’s more than that. So you are talking about 200 and 300 billion, the way it is now.”

Burnett: “But they pay in taxes, they pay 24 billion dollars in taxes,” she said.

Trump: “Who pays in taxes? You really believe they pay in taxes?”

Burnett: “They pay Social Security, state and local,” Burnett replied.

Trump: “What percentage of them? 10 percent?” Trump asked.

Burnett: “It’s 24 billion a year this economy wouldn’t have if they weren’t here,” Burnett pressed.

Trump: “Excuse me, excuse me. Do you know how few pay in taxes. Don’t be naive. Do you think an illegal immigrant getting money is going to be paying taxes? OK, sure. Some probably do. But only because the employers are insisting on it. But, percentage wise, there is very little. Probably five percent, 10 percent. It’s a very small amount that pay taxes. Look, they are here illegally. They are not paying taxes. I’ve heard this one before too. I hear them all.”

This is what bigots love to hear — undocumented immigrants should be deported, because they cost us money.

It provides a “reasonable” rationale for bigotry. (“See, I’m not a bigot. I just don’t like criminals stealing our precious dollars.”)

But, like virtually everything the Donald says, it’s a lie, designed to appeal to his “poorly educated” bigots among us.

New Study Shows Just How Much Undocumented Immigrants Actually Contribute

One of the main reasons that Donald Trump has been able to (become the) dominant Republican presidential frontrunner is his unrivaled ability to vilify undocumented immigrants.

One of the ways he does this is by referring to how much unauthorized immigrants cost, repeatedly charging that they don’t pay taxes and benefit from “free tax credits.”

Undocumented immigrants pay an estimated $12 billion in taxes to the federal government annually. But that’s just for Uncle Sam. A new report by the Institute on Taxation and Economic Policy shows that undocumented immigrants also pay quite a lot in state and local taxes — $11.6 billion a year.

And that amount would increase significantly if the U.S. was to undertake serious immigration reform.

So Trump is right, for the wrong reason. He’s wrong about undocumented immigrants not paying taxes, but he’s right about them being a drag on the economy’s dollar supply.

Why? Because every dollar they pay in federal taxes reduces the federal deficit. Those dollars disappear from the economy. And as we repeatedly have shown, reducing the deficit, which reduces the money supply, is recessive. (See The Recession Clock, below.)

By paying federal taxes, immigrants (and you, too) reduce the money supply, and thus reduce economic growth.

There are a number of studies that estimate at least half of undocumented immigrants pay income taxes using false Social Security numbers or individual taxpayer identification numbers (a code for tracking tax payments for people ineligible for Social Security numbers, like foreign nationals).

Some of them file income tax returns, and some don’t — either way, both income tax and payroll tax are withheld from their paychecks, and become a source of government revenue.

But while undocumented immigrants who pay income tax pitch in for funds for government services, they’re not getting anything out of it.

“The main difference between undocumented workers and citizens is that both are paying in, but undocumented workers are likely not going to be able to get that back in the form of Social Security benefits when they retire,” Matt Gardner, executive director of ITEP (The Institute on Taxation and Economic Policy).

Trump opposes giving immigrants a pathway to citizenship. He does not want those brown-skinned “rapists and criminals” to come into our white nation and steal our money.

And he’s right . . . in a way:

Immigration reform would only improve the flow of money to the government.

With legal status, undocumented workers’ wages would increase, and all of them would begin to comply with income tax protocols.

Both of those would mean more money for the government, and exceed the increased spending on refundable tax credits and other federal benefits that would accompany legalization.

The more tax money that goes to the federal government, the less that remains in the economy. So from the standpoint of taxes, immigrants who pay more federal taxes than they receive in benefits, impoverish our economy.

Trump’s argument is that undocumented immigrants are bad for the economy because their federal tax payments don’t cover their federal benefits. But the opposite is true.

While state and local taxes merely recirculate dollars, federal taxes destroy dollars.

(Unlike you and me, the federal government does not maintain a supply of dollars to pay its bills. It creates new dollars, every time it pays a bill, and destroys dollars every time it receives them via taxes. At any given moment, the federal government has no dollars.)

This may seem counter-intuitive, but the most economically stimulative people are those who receive federal benefits and pay no federal taxes.

Yet, all of this is beside the point: Immigrants should have a reasonable path to citizenship, not because of money issues, but because it is the right thing to do. It is the American, compassionate thing to do.

This is America. We are the melting pot. That has been our strength and our pride for more than 200 years.

We look at ourselves as the world’s moral leaders. We criticize other nations for their crushing of human rights. We criticize Muslim nations when they oppress Christians, yet Trump wants America to oppress Muslims and immigrants.

It would be unAmerian, unpatriotic and irreligious, too, if we were to follow leaders who claim the title: “World’s mean-spirited bastards.”

If we lose our moral standing, what would it mean to be an American?

Rodger Malcolm Mitchell
Monetary Sovereignty

 

===================================================================================
Ten Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually Click here
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)

10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

The Ten Steps will grow the economy, and narrow the income/wealth/power Gap between the rich and you.
========================================================================================================================================================================================================================================================================================================

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

THE RECESSION CLOCK

Recessions begin an average of 2 years after the blue line first dips below zero. A common phenomenon is for the line briefly to dip below zero, then rise above zero, before falling dramatically below zero. There was a brief dip below zero in 2015, followed by another dip – the familiar pre-recession pattern.
Recessions are cured by a rising red line.

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

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

Mitchell’s laws:
•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.
•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.

Liberals 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 rich and the rest..
•Austerity is the government’s method for widening
the Gap between rich and poor.
•Until the 99% understand the need for federal deficits, the upper 1% will rule.
•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..

MONETARY SOVEREIGNTY

 

Is there more than one issue in the coming election?

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

============================================================================================================================================================================================================================================================

If you read what Bernie Sanders wants to do, you might be surprised to learn there is more than one issue in this election cycle.

Here are just some of his proposals. How many have you heard discussed?

1. Rebuild our crumbling roads, bridges, railways, airports, public transit systems, ports, dams, wastewater plants, and other infrastructure needs.

2. Create a youth jobs program.

3. Create gender pay equity.

4. Make tuition free at public colleges and universities throughout America.

5. Expand Social Security.

6. Enact a “Medicare for All” single-payer healthcare system.

7. Enact a universal childcare and prekindergarten program.

8. Break up huge financial institutions so that they are no longer too big to fail.

9. Create a publicly financed, transparent system of campaign financing that amplifies small donations, along the lines of the Fair Elections Now Act.

10. Support efforts to develop and deploy clean, sustainable energy technologies like energy efficiency, solar, wind, geothermal, tidal.

11. Make all American homes more energy efficient.

12. Invest in an affordable energy storage solutions that will allow us to fulfill our clean energy needs.

13. Require body cameras for law enforcement officers.

14. Increase accountability within the Veteran’s Administration and strengthen the VA health care system by authorizing 27 new medical facilities and by hiring more doctors and nurses to care for the surging number of veterans.

15. Make comprehensive dental and mental health care available to all veterans at VA medical centers, and expand caregiver provisions.

Personally, I believe America would be a better place, if these proposals were accomplished. But the point is not whether you agree with all of them or some of them.

The point is: Have you heard any of them even debated? You probably haven’t.

What you probably have heard debated is only one issue: Affordability.

Look at the proposals again. If you knew for certain, that all 15 of the above proposals could be accomplished without using any tax dollars — absolutely free — how would you feel about them?

Sadly, whenever any of these proposals is brought up for discussion, the knee-jerk reaction is, “We can’t afford it. Who will pay for it?”

And there, the discussion switches from the merits of the proposal itself, to affordability.

Is Medicare for All a good idea? “Why discuss it? We can’t afford it.”
Is rebuilding our infrastructure a good idea? “Why discuss it? We can’t afford it.”
Is making American homes more energy efficient a good idea? “Why discuss it? We can’t afford it.”
Is expanding Social Security a good idea? “Why discuss it? We can’t afford it.”

And on and on and on, every idea shot down with the same gun: “Why discuss it? We can’t afford it.”

So we sit here as the world rushes by, paralyzed by negativity and false belief — false, because we should discuss those and other ideas, and we should start with the knowledge that, “Yes, money is not an issue. We can afford it.”

Two hundred and forty years ago, a there was no USA and there were no US dollars.

Then, a group of men had an idea, and from this idea they created arbitrary laws out of thin air, and those laws arbitrarily created The United States out of thin air. And among those laws were laws that arbitrarily created America’s sovereign currency, the dollar — out of thin air.

Ideas, laws, nations, currencies — none are physical entities; all are mere concepts.

Those arbitrary laws created as many dollars as the group of men wanted to create, and ever since then, the United States has continued arbitrarily to create new laws that created as many new dollars as we wish.

The dollar is our sovereign currency — we are Monetarily Sovereign — meaning we have the power to write arbitrarily any laws pertaining to the dollar.

We can pass laws to double the number of dollars or halve the number. We can make a dollar equal to an ounce of gold or a thousandth of an ounce of platinum or a pound of carrots or ten euros — whatever we choose.

It’s our dollar; we arbitrarily created it from thin air, and we still do. Just as we never can run short of laws, we never can run short of dollars. Never.

If a creditor asks our federal government for $1 million, or $1 billion, or $1 trillion, or $100 trillion, we easily can create the dollars to pay him. We press a computer key and Presto!, dollars are added to the creditor’s checking account.

Anything that is priced in dollars is affordable to our government.

There are many issues in the coming election. We listed 15 of them in this post, alone. Those are the issues, along with others, we should discuss.

The so-called “issue” — affordability — is not even an issue. It is a non-issue.

Let us not be sidetracked by dull people who kill every idea presented to them, thoughtlessly intoning, “We can’t afford it”, or asking, “Who will pay for it?”

Those are the non-thinkers who wish to doom America to languish in the 20th century, while India, China, Russia et al roar past us through the 21st century.

The answer to their question is, “The federal government will pay for it. Now let’s discuss the issue.”

Rodger Malcolm Mitchell
Monetary Sovereignty

 

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Ten Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually Click here
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)

10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

The Ten Steps will grow the economy, and narrow the income/wealth/power Gap between the rich and you.
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10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

THE RECESSION CLOCK

Recessions begin an average of 2 years after the blue line first dips below zero. A common phenomenon is for the line briefly to dip below zero, then rise above zero, before falling dramatically below zero. There was a brief dip below zero in 2015, followed by another dip – the familiar pre-recession pattern.
Recessions are cured by a rising red line.

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

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Mitchell’s laws:
•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.
•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.

Liberals 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 rich and the rest..
•Austerity is the government’s method for widening
the Gap between rich and poor.
•Until the 99% understand the need for federal deficits, the upper 1% will rule.
•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..

MONETARY SOVEREIGNTY