What is the most expensive thing in the world.

Ignorance breeds ignorance. The tragedy of ignorance is that those who are ignorant of existing facts are too ignorant to understand new facts. Such people are uneducable.

And, you don’t even need to be a MAGA to be that ignorant. Here are excerpts of articles demonstrating irreparable ignorance.

THE WEEK April 1, 2026: WHY UNIVERSAL HEALH CARE ISN’T VIABLE by Ramesh Ponnuru the Washington Post

Medicare-f0r-all is back and it’s still a completely impractical idea. 

Democrats have never generated much support for universal health care, and won’t have an easier time selling it now. Proponents admit national health care would cost upwards of $1 trillion a year and require major tax increases on the middle class.

That is 100% false, a lie promulgated by the rich to widen the Gap between the rich and the rest. The truth: The federal government could increase spending by $1 trillion, or $10 trillion, and not raise taxes by even a penny.

The U.S. government, which created the U.S. dollar from thin air, is Monetarily Sovereign. It has the infinite ability to create dollars by simply pressing computer keys. (See: Do you really think I need your money?)

Who says so? Well, for one:

Beardsley Ruml, former Chairman of the Federal Reserve Bank of New York in a speech before the ABA in 1945 (the last year of WWII): “The necessity for a government to tax in order to maintain both its independence and its solvency is true for state and local governments, but it is not true for a national government.

All federal taxes must meet the test of public policy and practical effect. The public purpose which is served should never be obscured in a tax program under the mask of raising revenue.

And no, contrary to popular myth, federal spending, even big spending, doesn’t cause inflation. All inflation is caused by shortages of crucial goods and services and is cured by government spending to cure the shortages.

Continuing with the THE WEEK article:

Sen. Bernie Sanders argues that savings on insurance premiums and deductibles would cancel out higher taxes, but voters won’t trust that rhetoric.

Heaven help us from our friends. The government neither needs nor uses any sort of savings. It simply would create the necessary dollars as it always does.

National health care would also require removing more than 300 million Americans from employer-provided insurance and individually purchased policies. Would most Americans willingly give up their existing coverage for a new government-run system of unknown cost and quality?

Democrats are on the verge of learning again that the answer is No way.

No reason is given for why national health care would require people to give up other health care. Does the current Social Security make such demands?

This is a weird bogeyman invented by the rich (who own the Washington Post, that formerly good newspaper until it was purchased by a billionaire). 

A free and comprehensive , now-deductible “Medicare for All” program would benefit not only workers but all Americans.

One reason companies provide health insurance is to keep employees tied to their jobs. Currently, millions of workers are trapped in low-paying positions and poor working conditions because their company-provided insurance limits their ability to seek employment elsewhere. 

It should come as no surprise that the author of the nonsensical article, Ramesh Ponnuru, is “a prominent conservative political pundit.” If there is one thing conservatives hate, it’s spending money on anything that aids the lower 90% income earners or narrows the Gap.

So, in his case, the problem may not be pure ignorism. It might also inlcude the typical right wing lack of compassion.

Then, here are excerpts from this article:

Trump prioritizes $1.5T for defense
’27 budget plan calls for trims to domestic programs’ funding
By Lisa Mascaro and Kevin Freking, Associated Press
WASHINGTON — President Donald Trump has proposed boosting defense spending to $1.5 trillion in his 2027 budget released Friday, the largest such request in decades, reflecting his emphasis on U.S. military investments over domestic programs.

The sizable increase for the Pentagon, some 44%, had been telegraphed by the Republican president before the U.S.-led war against Iran. The president’s plan would also reduce spending on nondefense programs by 10%.

“President Trump promised to reinvest in America’s national security infrastructure, to make sure our nation is safe in a dangerous world,” wrote Budget Director Russell Vought. The president’s annual budget is considered a reflection of the administration’s values.

The administration’s values are:

  1. More money for Trump
  2. More money for those who can help Trump reap more money
  3. More money for others who are rich pals of Trump
  4. Less money for those who are not rich

Period.

The massive document typically highlights an administration’s priorities, but Congress, which handles federal spending issues, is free to reject it and often does.

Except for the MAGA-tied robot Congress of today, which seldom rejects Trump’s ideas.

“We’re fighting wars. We can’t take care of day care, Trump said at a private White House event Wednesday. “It’s not possible for us to take care of day care, Medicaid, Medicare — all these individual things,” he said. “They can do it on a state basis. You can’t do it on a federal.”

Anyone who understands government financing knows that while the federal government is never money-constrained, the states, which are monetarily non-sovereign, are quite financially constrained.

But Trump believes in exploiting public ignorance, and sadly, he has been rewarded for it.

Besides military spending, the document released by the White House included other priorities. It maintains current year levels of funding for Immigration and Customs Enforcement in support of the administration’s deportation operations, and draws on last year’s increases for the Department of Homeland Security funds to continue opening detention facilities, including 100,000 beds for adults and 30,000 for families.

Trump is hoping to put 130,000 people into “detention facilities”, aka concentration camps, similar to the notorious Alligator Alcaraz. There’s plenty of money for building horror jails to house innocent immigrants, but not enough for the health of Americans

There is a 13% increase for the Department of Justice to focus on violent criminals and the president’s promise to stop what the White House calls migrant crime.

Federal and state data show that both legal and illegal immigrants are less likely to commit crimes than native-born Americans. 

A $10 billion fund within the National Park Service is sought for “construction and beautification” projects in Washington, D.C.

Trump repeatedly want’s “beautification, aka buildings with his name on them.

The budget also seeks a $481 million increase to enhance aviation safety and support an air traffic controller hiring surge.

A surge that has become necessary because of the Trump/Musk senseless mass-firings of good people, bad people, all people.

The budget also includes Trump’s reduction priorities by canceling more than $15 billion from the Biden-era bipartisan infrastructure law, including funds for renewable energy projects and cuts to the National Oceanic and Atmospheric Association, or NOAA, grants.

Aside from global warming, (which Trump insists doesn’t exist,) and saving the ocean’s animals and plants (who care about them?), there is no reason to worry about renewable energy and the ocean and atmosphere in MAGA world.

There is a 19% cut for the Department of Agriculture, ending certain university grants; a 13% cut for the Department of Housing and Urban Development; and about a 12% decrease to the Health and Human Services department, including cuts to a low-income heating assistance program.

See the pattern? The federal government “can’t afford’ to help anyone except the rich.

The White House is touting cuts of what it calls “woke programs” that often direct federal investments toward lowincome communities. The budget used the word “woke” 34 times. For example, the administration is looking to cut Community Services Block Grants, which fund activities such as financial and job counseling and help people obtain adequate housing.

“Woke” means different things to different people, but in general, it means opposed to racial and sexual bigotry. Because Donald Trump is America’s bigot-in-chief, he naturally opposes anything that benefits anyone who is not a white Christian male billionaire.

The administration says its cuts would target grants “hijacked by radicals” to promote equity-building and green energy initiatives.

The president also seeks to cut $106 million in funding from the Agency for Healthcare Research and Quality, which it says has “pushed radical gender ideology onto children.”

Simply stated, anti-gay laws, because as everyone knows, gays are a greated danger to America than guns.

With the nation running nearly $2 trillion annual deficits and the debt swelling past $39 trillion, the federal balance sheets have long been operating in the red.

Now well understood that economic growth requires the federal government to run a deficit and every time we fail to do so we have recessions and depressions.

Two questions about the above graph of federal debt:

  1. When do we have recessions? ANSWER: After a period of reduced federal deficits
  2. When do we recover from recessions? ANSWER: After a period of increased federal deficits.
  3. When do we have depressions: ANSWER: When the federal government runs a surplus (see below)

U.S. depressions come on the heels of federal surpluses.

1804-1812: U. S. Federal Debt reduced 48%. Depression began 1807.
1817-1821: U. S. Federal Debt reduced 29%. Depression began 1819.
1823-1836: U. S. Federal Debt reduced 99%. Depression began 1837.
1852-1857: U. S. Federal Debt reduced 59%. Depression began 1857.
1867-1873: U. S. Federal Debt reduced 27%. Depression began 1873.
1880-1893: U. S. Federal Debt reduced 57%. Depression began 1893.
1920-1930: U. S. Federal Debt reduced 36%. Depression began 1929.
1997-2001: U. S. Federal Debt reduced 15%. Recession began 2001.

The answer to the title question — What is the most expensive thing in the world? 

The Answer: Ignorance. We pay for it in many ways every day. Our own ignorance and the ignorance of others.

Rodger Malcolm Mitchell

Monetary Sovereignty

Twitter: @rodgermitchell

Search #monetarysovereignty

Facebook: Rodger Malcolm Mitchell;

MUCK RACK: https://muckrack.com/rodger-malcolm-mitchell;

https://www.academia.edu/

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A Government’s Sole Purpose is to Improve and Protect The People’s Lives.

MONETARY SOVEREIGNTY

Exactly the wrong way to cure inflation, but the best way to cause a recession.

On May 20th, we posted, “”First do no harm.” How ‘Dr.’ Jerome Powell will worsen the inflation and cause a recession.”

Bingo! 

No problem. You haven’t hit the  ground yet, so we won’t call it a “fall.” We’ll say it’s a step in the plan.

Today, Powell and his cronies debate whether to call where we are “a recession.” He’s worried about semantics as the economy tanks.

Please let me know if there is a more damaging, less effective way to fight inflation than what Powell now is doing.

Consider this: What action should the government take when there is a food shortage, causing food prices to rise?

  1. Government price controls over food? Or,
  2. Reduce federal benefits to the poor, so they will buy less food, thus curing the shortage. Also, reduce farm aid, so there will be even less food produced? Or, 
  3. Fund federal aid to farmers so they can produce more food and give people money so they can buy food?

Number 1 never works. It always leads to more shortages and a reduction in Research and Development, forcing even more shortages.

A classic example is rent controls, which reduce the number of new apartments and cause existing apartments to fall into neglect.

Yet politicians without knowledge of history or economics often turn to price controls.

Number 2 leads to recessions and depressions. Today, we have shortages of oil, food, housing, computer chips, and labor, and these shortages are causing prices to rise, what we call “inflation.” All those who are not rich starve.

Amazingly, the Federal Reserve has chosen solution #2. Raising interest rates makes many goods and services even less affordable, starving the poor and middle classes to cure inflation. Higher interest rates also make increased production more difficult, exacerbating shortages.

The federal government should provide aid to industries whose products are in short supply and to consumers so they can afford those products. Approach #3 is the only correct approach. Cure the shortages, and you cure the inflation.

    • Shortage of food: Federal aid to farmers. Education. Equipment. Insurance. Tax breaks.
    • Shortage of oil: Aid to drillers. Aid to electric car/truck makers. Support for R&D alternative energy
    • Shortage of labor: Eliminate FICA. Reduce tax rates on salaries. Provide Medicare for All.
    • Shortage of lumber: Aid growers. R&D for alternatives. Tax breaks for alternatives
    • Housing shortage: Aid home & apartment builders. Cut interest rates. Tax breaks for renters.
The Enduring Appeal of Leeches | historyrevealed.com
Powell: If she lives, I cured her. If she dies, I did everything I could.

Notice how curing inflation, i.e., fixing shortages, requires more federal spending, not less.

Of course, the expenditures must be targeted toward eliminating the scarcities.

Powell’s interest rate increases only make reducing shortages more difficult.

Those higher rates impoverish consumers and hinder the ability of suppliers to produce.

Powell has found the ultimate way to increase shortages, worsen inflation, and cause a recession.

In effect, Powell is applying leeches to cure anemia.

Rodger Malcolm Mitchell
Monetary Sovereignty

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

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THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE.

The most important problems in economics involve:

  1. Monetary Sovereignty describes money creation and destruction.
  2. Gap Psychology describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”

Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics. Implementation of Monetary Sovereignty and The Ten Steps To Prosperity can grow the economy and narrow the Gaps: Ten Steps To Prosperity:

  1. Eliminate FICA
  2. Federally funded Medicare — parts A, B & D, plus long-term care — for everyone
  3. Social Security for all
  4. Free education (including post-grad) for everyone
  5. Salary for attending school
  6. Eliminate federal taxes on business
  7. Increase the standard income tax deduction, annually. 
  8. Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.
  9. Federal ownership of all banks
  10. Increase federal spending on the myriad initiatives that benefit America’s 99.9% 

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

MONETARY SOVEREIGNTY

A disgrace of leadership. Starvation in America.

As you read excerpts from the following article, keep several facts in mind.

  1. Unlike state and local governments, the United States government uniquely is Monetarily Sovereign. It never can run short of dollars. Even if it collected zero tax dollars, the U.S. government could continue spending, forever.
  2. The American people are running short of money, and many are entering a starvation phase they never before had experienced.
  3. U.S. politicians, especially conservatives, claim that federal deficit spending (aka “money printing”) will cause inflation or will have to be paid for by our children. Neither claim is true. They both are part of what is known in economics, as “The Big Lie.”

It is a disgrace. The wealthiest government on earth, having infinite resources, is intentionally allowing its people to fall into starvation.

In the history of the United States, inflation never has been caused by federal deficit spending. Inflation always is caused by scarcity — shortages of vital products, usually food or energy (oil).

And the claim that aid given now will be paid for by our children later, not only is false, but makes no sense on the face of it.

No one pays for federal spending, not our children, not taxpayers, not anyone. All federal spending is funded exactly the same way: The federal government creates new dollars, ad hoc, every time it pays for something.

State and local governments don’t operate that way. They are not Monetarily Sovereign. They use tax dollars to pay their bills. The federal government does not.

What becomes of those federal tax dollars you send to the Internal Revenue Service or the U.S. Treasury? They are destroyed upon receipt. They cease to exist in any money measure. That is why there cannot be a definitive answer to the question, “How much money does the federal government have?” The correct answer is: It has infinite money.

And as for worries about future children paying for federal stimulus dollars, our children are paying now, by sliding into poverty.

Many children and adults will die too soon, by not being able to afford medical care or by inadequate nutrition. Many brilliant brains will be wasted by not being able to afford college.

This is today’s America, the once “golden land,” that now has been turned into “misery land.” And it all is unnecessary.

At the touch of a computer key, our federal politicians could end poverty in America. Yet, because their own bellies are full, they focus only on being re-elected, not on the welfare of the people.

The Democrats want to spend money into the economy; the Republicans refuse. It is that simple.

There is no apolitical way to sugar-coat this. It is the Republican Senate, led by Senator Mitch McConnell, that primarily is responsible for the currently growing poverty in America.

The Democrats are responsible for not explaining the facts to the American people, but at least they want to pump money into the economy. The Republicans don’t.

The blood of today’s impoverished and dying Americans is on GOP hands.

Yahoo Money
Millions of Americans are entering poverty amid pandemic as stimulus runs out
Denitsa Tsekova·Reporter, Sat, October 17, 2020
Millions of Americans have been thrown into poverty as government aid dried up in the last five months, according to a pair of studies, and those ranks will likely swell without more relief on the way.

“Poverty is rising in the United States,” Zach Parolin, a researcher at the Columbia University’s Center on Poverty and Social Policy told Yahoo Finance (video above). “More families, once again, are struggling to put food on the table, struggling to provide for their families at a time when we have the means to be able to help them out.”

Eight million more Americans fell below the poverty threshold since May, a study by Columbia University found. A similar study from the University of Chicago and Notre Dame estimated 6 million Americans entered poverty for the same period.

A figurative “wall” divides federal wealth from starving people. The wall is guarded by Congress.

Without further government intervention, more Americans could follow, facing food insecurity, utility shutoffs, and even homelessness.

What a disgrace, what a cruel disgrace.

Visualize that to the left is a vast pile of wealth — money, food, medicine, education etc. — and to the right are homeless, starving people.

In between is a wall, guarded by the U.S. Congress, intentionally preventing the impoverished people from receiving aid.

That is America, today.

Poverty in the U.S. actually declined at the beginning of the coronavirus pandemic, thanks largely to two provisions in the CARES Act: stimulus checks and the extra $600 in weekly unemployment benefits.

Since then, there has been no second round of checks, and the extra unemployment benefits expired at the end of July.

“That’s just a lot of money that they’re going to have to do without,” Bruce Meyer, a University of Chicago economist, told Yahoo Money. “It means people are going to be cutting back on what they can.”

While the funding provided under the $2.2 trillion CARES Act was the largest economic stimulus package in history, its effects won’t last long enough to support those in financial hardship, especially when the job market and the economy haven’t recovered.

“Unless we see a miraculous employment recovery,” Parolin said, “it’s certain that families are going to need some extra income support to be able to pay the bills and put food on the table.”

The fading effect of the stimulus comes as House Speaker Nancy Pelosi (D-CA) and Treasury Secretary Steven Mnuchin continue talks for a bipartisan stimulus deal.

But disagreements on price tag and key provisions, lack of GOP support, and the proximity of the election all lower the prospects of a deal before the election.

The bottom line is quite clear. The Republicans, having for decades told their constituents that federal deficits are bad for the people and bad for the economy, now do not want to tell the simple truth: Federal deficit spending is necessary for economic growth.

So despite the fact that predictably, deficit spending for stimuli has been beneficial, with none of the politicians’ dire predictions realized, the GOP would rather see people starve than to admit they have been lying all along.

I hate to put this in such stark political terms, but there is no way around it: The Democrats want more stimulus; the Republicans want less. Period.

With no additional support, experts warned that the economy will slow and fewer jobs will be created. Protections for renters and borrowers also are set to expire, likely leading to another increase in poverty.

The so-called “protections for renters and borrowers” merely shifted the pain to landlords and lenders, who also are people suffering from the recession.

The solution is not to transfer pain from one group to another, but rather for the federal government to pump dollars into the pockets of all the people.

Only the federal government can spend money without feeling pain.

“Poverty is going to continue to rise,” Meyer said. “You’re going to have people having had more and more weeks out of work, and only a fraction of those lost earnings replaced. That’s going to accumulate over time.”

The financial hardships caused by this will likely mean a rise in people who can’t pay rent and utility bills, who will struggle to buy food, and who could even lose their homes.

“It’s sad to say,” Parolin said, “we can probably expect to see an increase in homelessness in the United States.”

At least 38 states have paid out all their funds available under the Lost Wages Assistance (LWA) program. (David Foster/Yahoo Finance)

The above article should make you furious. All this pain, all this hunger, all this tragedy in America, coming mostly from the party that promised to “Make America Great, Again,” is completely unnecessary.

Way back in April we published an article titled “The coming depression; The problem and the solution.” It began:

There is no other way to say this. We (in the U.S.) are headed for a depression because we have an incompetent and untruthful government.

Our fundamental problem is the lack of money in the private sector. The solution is for the federal government, which being Monetarily Sovereign has unlimited money, to pump dollars into the economy.

Sorry, but it isn’t any more complex than that.

Problem: Lack of money. Solution: Add money. How much money? What the economy lost due to the virus.

The economy needs at least $7 Trillion net added from the federal government. But, our Congress is spending far too little and spending way too late.

Unless Congress and the President deign to see the light, we have no way to prevent a depression.

That was April, yet Congress and the President still have not seen the light.

So you will suffer, sadly, needlessly, disgracefully. We will have a depression. The blame is directly on the shoulders of Congress and the President. You trusted them. They failed you.

Be sure to vote.

Rodger Malcolm Mitchell

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

THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE.

The most important problems in economics involve:

Ten Steps To Prosperity:

  1. Eliminate FICA
  2. Federally funded Medicare — parts A, B & D, plus long-term care — for everyone
  3. Social Security for all or a reverse income tax
  4. Free education (including post-grad) for everyone
  5. Salary for attending school
  6. Eliminate federal taxes on business
  7. Increase the standard income tax deduction, annually. 
  8. Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.
  9. Federal ownership of all banks
  10. Increase federal spending on the myriad initiatives that benefit America’s 99.9% 

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

MONETARY SOVEREIGNTY

Unemployment down? Now a depression is assured.

There was a time recently, when even a recession was unthinkable. The latest Republican budget had indicated more than a trillion dollars in new deficit spending — more than a trillion new growth dollars added to the economy.

Then came COVID-19.

How Far Will The Market Fall?
Coming to you, courtesy of the GOP.

The economy was crushed and continues to be crushed, by many trillions of dollars. How many? No one knows.

Months ago, I wrote that at least $7 trillion in new deficit spending would be needed to save the economy.

Now, it could take at least ten trillion dollars, probably much more.

Whatever the actual number, it definitely is far more than the three trillion the government already has voted in, and even that came from great pressure by the Democrats.

Yes, to prevent a recession, or even a depression, many more trillions are needed.

And then we read this:

 Will Republicans doom Trump by declaring premature economic victory?
Ryan Cooper, THEWEEK

For the first time since the coronavirus pandemic struck, we now have a pretty decent jobs report.

There were 2.5 million new jobs in May, the biggest number recorded since statistics started being recorded in 1939.

The unemployment rate fell somewhat to 13.3 percent. Republicans were jubilant. “It’s a stupendous number. It’s joyous, let’s call it like it is. The Market was right. It’s stunning!” President Trump posted during his usual morning cable news live-tweet.

White House economic adviser Stephen Moore told the Washington Post‘s Jeff Stein that no more rescue was needed: “There’s no reason to have a major spending bill. The sense of urgent crisis is very greatly dissipated by the report.”

A Senate Republican aide added: “This definitively kills any chance of trillions of new spending.”

At the May rate, we will not reach the pre-crisis employment level for about eight months — or January of 2021.

But there is little reason to suspect even that will happen. The economic rescue payment has long passed, applications to the small business grant program will end at the end of June, and super-unemployment is set to expire at the end of July.

The gigantic austerity and layoffs from state and local governments will be a further ongoing drag on recovery.

And there it is, folks. The suicide pact between Donald Trump and the Republican party now is signed, sealed, and delivered.

The Republicans — Moscow Mitch McConnell, Bill Barr, Lindsey Graham, et al — eventually will disavow their allegiance to Trump, i.e. claim they never were his puppets. But it will be too late.

Belatedly, all but the most mindless of Trump’s followers will accept what they already know, but have not yet allowed themselves to see: Trump concentrates into one hideous body, all of the bad qualities possessed by the entire human race. 

He single-handedly is destroying America.

Ironically, it is the Democrats who are calling for more growth trillions to be added to our economy. Seemingly, they are the sole party that actually cares about the futures of the planet, the nation, the states, and the people.

The Republicans care about the rich and votes, but will lose both by the time November rolls around.

Just as Donald Trump and the GOP are crowing about the current rebound from the deep depths to the shallower depths — a rebound which federal deficit spending made possible — the right-wing will try to distance themselves from the coming crash.

And if by some miracle, the GOP-led Senate adopts enough Democrat recommendations to cause even a tiny growth bump in our shattered economy, Trump and the GOP will crow about that, too.

But it will be too late. Too late for the economy, too late for Trump, too late for the GOP, and too late for suffering Americans.

Destroying is much easier than building. Trump and the trumpers will have destroyed what was America, and only an heroic effort by people of wisdom and vision could have any chance to rebuild us.

The irony of Trump’s slogan “Make America Great Again,” will not be lost.

Later, in an amazing display cluelessness, the rich will demand tax increases — on the poor, of course — to “pay for” the deficits.

Blackrock, Inc. Chief Executive Officer Larry Finkwarned clients on a call last week that the U.S. will have to raise taxes to pay for the emergency economic rescue.

Ray Dalio, founder of the investment management firm Bridgewater Associates LP told JPMorgan Chase & Co.’s private-banking clients to expect higher tax rates no matter who wins November’s race for the White House.

The above are examples of the rich “grooming the public” for tax increases (together with new tax avoidance mechanisms available only to the rich).

The truth is: Our Monetarily Sovereign federal government has no need for taxes. Even if all federal tax collections totaled  $0, the federal government could continue deficit spending forever.

Federal tax collects fall most heavily on the not-rich. Even corporate taxes batter the employees and the customers, far more than any effect on rich corporate executives.

In summary:

  1. The current administration will cause a depression by telling the Big Lie, that federal deficits are “unsustainable.
  2. Trump will take no blame, but will boast about any slight uptick in the long fall.
  3. During the depression, the Gap between the rich and the rest will widen.
  4. Poverty will increase dramatically.
  5. Desperate workers will be forced to accept the worst jobs at the worst pay under the worst conditions.
  6. The very rich will grow richer.

And the public will wonder how this could have happened.

Rodger Malcolm Mitchell

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

THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE.

The most important problems in economics involve:

  1. Monetary Sovereignty describes money creation and destruction.
  2. Gap Psychology describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”

Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics. Implementation of Monetary Sovereignty and The Ten Steps To Prosperity can grow the economy and narrow the Gaps:

Ten Steps To Prosperity:

1. Eliminate FICA

2. Federally funded Medicare — parts A, B & D, plus long-term care — for everyone

3. Social Security for all or a reverse income tax

4. Free education (including post-grad) for everyone

5. Salary for attending school

6. Eliminate federal taxes on business

7. Increase the standard income tax deduction, annually. 

8. Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.

9. Federal ownership of all banks

10.Increase federal spending on the myriad initiatives that benefit America’s 99.9% 

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

MONETARY SOVEREIGNTY