Mitchell’s laws:
●The more budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor
●Austerity starves the economy to feed the government, and leads to civil disorder.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
●To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
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We are at war. Since the beginning of civilizations, we have been at war. The war is between our ruling class and the rest of us.
Governments rule and are ruled. There are many forms of government: Democracies of various kinds, dictatorships, theocracies, tribal. The list is endless, as every form has subdivisions, exhibiting sometimes subtle differences. But all have certain similarities.
They all have a ruling class, whose power depends on gaps between them and the general populace. The greater the gaps, the greater the power held by the ruling class. And just as power corrupts, widening the gaps corrupts.
Gaps come in many flavors. Examples are: financial (rich vs. poor), police/military (strong vs. weak), moral (good vs. evil), informational (educated vs. uneducated), gender (male vs. female) or some combinations thereof. In all cases, the goal is to set the ruling class further and further apart from the ruled.
Consider a theocracy: It takes money from its followers, enriching itself at the expense of the donors. Poorer people are told to give their money to wealthy churches, widening the financial gap.
A theocracy makes laws that followers (but not the leaders) are compelled to follow, lest they be punished by ostracism, torture or death. Thereby, the police/military gap is widened.
Theocratic leaders claim morality, with all others being labeled “sinners.” And the religious leaders create, then translate, religious documents (Bible, Koran, et al) according to their whim, making them the educated ones, while all others are ignorant. Finally, theocracies almost universally have been misogynist, anti-gay and xenophobic, with “outsiders” viewed as threats to the power of the domestic elite.
Consider the United States federal government: It taxes its citizens, though being Monetarily Sovereign, it has neither need for, nor use of, tax money. The US makes the laws we all must follow (based on its sole interpretation of morality). It enlists into the army and police, men and women from the private sector to enforce those laws, strengthening itself at the expense of the private sector, both morally and physically.
As now seen in Syria, (and in America, whenever the #Occupy movement protests), and indeed in every nation where tread-upon people demand redress from their leaders, the ruling class demands a strong police/military, to enforce “law and order.”
At the direction of the ruling class, the U.S. government controls the dissemination of information; it lies, denies and omits facts, thus creating, then preying upon, the ignorance of the populace.
The U.S. remains a male-dominated society, as witness the makeup of Congress (16% female) and CEOs of Fortune 500 companies (4% female).
Thus, the US ruling class covers many gaps: financial, police/military, moral, informational and gender. The wall between the U.S. and Mexico, and the various anti-immigrant, anti-minority state laws are symbols of a renewing xenophobia — a typical gap.
The question often is asked: If the United States government has the unlimited ability to create dollars, why does it siphon tax dollars out of the private sector? It has no need to widen the financial gap, since that gap is infinite.
The reason: The leaders of the US government are supported by, and beholden to, the wealthiest among us. And to these wealthy people, widening the financial gap is paramount. Psychologically, the financial gap is more important than the score. You might think you would be happy to earn $1 million per year, especially if everyone you knew earned “only” $50K per year. But how would you feel if all your friends earned $100 million per year, and you still earned “only” $1 million?
Salaried people are more concerned about the income gap between them and their co-workers, than their salary itself. Give them a $100 raise and they are happy– until they learn another worker was given a $200 raise. Meanwhile, the boss cares very little about any gap between employee A and employee B. He might even use it as leverage against them. He is more interested in the gap between him and his peers – and his workers. The U.S. is the wealthiest nation on earth, that gap being of great pride to us all.
Our ruling class “encourages” taxes favorable to themselves. They own newspapers and television stations that falsely tell the public social benefits must be reduced or taxes increased, lest these benefits “go bankrupt.”
Not only do our leaders maintain the most damaging and regressive tax in American history (FICA), but they even tax the Social Security benefits people ostensibly have “paid for,” and repeatedly delay providing those benefits – all because the ruling-class owns and controls the media and the politicians, who lie that Social Security can go bankrupt.
Our Monetarily Sovereign federal government easily could provide health care insurance to every man, woman and child in America. Instead, our politicians, at the behest of the ruling class, tell the 99% their own benefits must be reduced. Our Monetarily Sovereign government easily could support every retired person in America, without FICA. Instead, our politicians, at the behest of the ruling class, tell the 99% such support would cause inflation, bankrupt the system, and be “unsustainable” (a favorite word of the rulers).
The power of the people begins with population. If the Syrian revolution succeeds, it will be because the people are able to sustain greater losses and continue to fight. The ruling class is few in number. In a democracy, the power of the people comes is expressed with the ballot. But that power can be subverted by misinformation, a tactic the 1% have used for millennia.
The purpose of this blog is to provide information. Because of previous brainwashing, many people initially resist anything that counters the propaganda of the ruling class (as delivered by the politicians and the media.).
So we continue to pound away at the facts: The U.S. government never can run short of dollars, never can go bankrupt. The government can pay for Social Security and Medicare for everyone. FICA is harmful, unnecessary and saps the strength of the middle- and lower-classes. Federal taxes take dollars from the economy, do not support the government and should be reduced.. Federal deficits are necessary to grow the economy. Inflation easily can be controlled, even with massive, deficit spending.
When people ask me, “If taxes are not necessary, why does the government levy them?” my only thought is, “Don’t you get it? We’re in a war. It’s like asking why your enemies are shooting at you. The ruling class wants to defeat you. Don’t let them convince you to give them your bullets.”
When you vote in any election, ask yourself which candidate is more likely to widen the gap between the ruling class and you. Ask:
●Which candidate and party is more closely aligned with the ruling class and more likely to increase the gap between rich and middle classes?
●Which one makes greater demands for a strong police to enforce “law and order” against public protest?
●Which candidate and party is less likely to support citizen movements like unions and #Occupy?
●Which one is more likely to reduce legal protections for the 99% via “deregulation”?
●Which one leans more toward theocratic and religious extremism?
●Which candidate backs “widening the tax base” (increasing the number of poor people paying tax), while cutting taxes on the rich?
●For which candidate and party are the ruling-class owners of newspapers and TV stations more likely to vote?
●Which candidate favors reduced federal support for social programs – Medicare, Social Security, Medicaid, food stamps and other poverty programs?
●Which one is less xenophobic, favoring an easier path to citizenship (adding to the population of the 99%) and better relations with foreign nations?
●Which candidate and party leans more toward women’s rights and the rights of minorities?
And finally, ask yourself:
●Which candidate has more consistently advocated the positions I want?
We are in a war. Like it or not, you are a soldier in one of the armies. Which is your army? Cast your vote accordingly.
Rodger Malcolm Mitchell
Monetary Sovereignty
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Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D — for everyone
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
4. Long-term nursing care for everyone
5. Free education (including post-grad) for everyone
6. Salary for attending school (Click here)
7. Eliminate corporate taxes
8. Increase the standard income tax deduction annually
9. Increase federal spending on the myriad initiatives that benefit America
No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia. Two key equations in economics:
Federal Deficits – Net Imports = Net Private Savings
Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports
#MONETARY SOVEREIGNTY
#Monetary Sovereignty - Mitchell 