Objections to Medicare-for-All — and the first, necessary step Wednesday, Mar 29 2017 

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

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

The Republicans put forth their “Health Care Only for the Rich” plan, and saw the public, for some strange reason, not wanting health care to be available only for the rich.Image result for rich government poor people

So now, after 7 years of searching for an idea, the GOP is searching for an idea.

We long have recommended Step #2 of the Ten Steps to Prosperity: FEDERALLY FUNDED MEDICARE — PARTS A, B & D, PLUS LONG TERM CARE — FOR EVERYONE (See below). The Federal government, being Monetarily Sovereign, easily can fund the whole program, without any FICA collections.

Financially, the solution is a no-brainer. The federal government can afford it; the public is strapped for funds. So who should pay?

But a recent article in The Week describes problems other than mere finances. Here are some excerpts, along with our comments:

Why ‘Medicare for all’ is easy to say and near impossible to do
David Faris

Bernie Sanders premised his primary campaign in large part on a radical promise to ditch Obama’s signature legislative achievement in favor of extending Medicare to all Americans.

The phenomenal success of Sanders’ insurgent socialist campaign proved again that the ACA was unpopular in large part because millions of Americans think the state should be doing more rather than less. 

Yet there are a number of important questions about any single-payer plan that remain not just unanswered, but mostly unasked.

Let’s imagine that, somehow, progressives succeed in enacting “Medicare for all.” What does the transition period look like between the passage of such legislation and its full implementation?

What would happen to the health insurance companies that employ over half a million people? Would they be compensated for their losses?

Health insurance companies still could exist, though in a much-reduced form. They could provide coverage for those who do not like Medicare, either because they believe it to be too restrictive in its coverages, or because their doctors won’t accept it, or for other reasons.

If people have a choice between free health care from Medicare or paid health care from private insurance, most will choose free, but some will chose private.

So yes, like many industries through the years, the health care insurance industry will shrink. Think of the coal industry.  And the record-pressing companies.

And, when was the last time you used a public land-line telephone? Their manufacturers must be feeling the pinch.

Most industries that continue to exist today have become more efficient (i.e. use fewer people and more machines). Business evolves.

What would happen to the medical debt of doctors who would almost certainly face diminished economic prospects under single-payer? (Most Americans think physicians are rich — true in some cases — yet many doctors rack up over $200,000 in debt to attend medical school.)

These problems are not the fault of Medicare or of any future Medicare-for-All.  They result from the Big Lie, the ridiculous claim that somehow our Monetarily Sovereign federal government can run short of its own sovereign currency, so it needs to husband its financial resources.

For that reason, Medicare underpays doctors, a situation in need of change, whether or not Medicare-for-All is instituted.

And medical school, like all other schools, should be free.  See: Free education for everyone.  Again, this has nothing to do with Medicare-for-All.

Primary care doctors and rural areas — generally pay the worst and already have trouble attracting physicians for that very reason. What happens to the supply and demand of care when tens of thousands of doctors earn less?

And yet again, why pay them less? This has nothing to do with single payer.

Do we have even remotely the civilian bureaucratic know-how we would need to scale Medicare up to the entire 320-million-strong population of the United States? The Centers For Medicare and Medicaid Services employ more than 6,000 people. That number would probably need to be, conservatively, quadrupled.

That probably was one of the objections to the original Medicare.  Yet here Medicare is, functioning better than most federal programs.  It is far more difficult to begin a program from scratch than to expand an existing, functioning program, which federally funded, Medicare-for-All would do.

And note the concern about hiring more people, juxtaposed against the concern about insurance companies firing people.  Strange.

Remember that a committed and well-intentioned Democratic administration had trouble just setting up a website for a tiny fraction of the number of people who would be covered by a new single-payer system.

Running a nationalized health care system would be considerably more complicated than cutting monthly Social Security checks to people.

A Medicare-for-All  website would be nearly identical to the currently, well-functioning Medicare website.  The primary difference would be simply handling more people — an easily solved Internet problem, not a program problem.

Political questions abound as well. Republicans spent seven years hammering ObamaCare, which remained mired in negative approval ratings.

Medicare, by contrast, is not “mired in negative approval ratings.” Medicare-for-All transfers people from the less-loved ACA program to the highly appreciated Medicare program.

Americans who just months ago were complaining about the ACA’s deductibles and coverage options were faced with the prospect of losing their insurance coverage altogether, along with their right to be covered if they have a pre-existing condition.

ObamaCare has drifted into majority approval, and the Republicans’ hot, hastily conceived, cruel, vindictive mess of an alternative was opposed by a whopping 3-1 majority.

A similar problem would vex Democrats almost immediately, in the same way that it did when they got to work on the ACA in the first place. It’s what happens when various stakeholders in existing, complex, and flawed processes realize that their interests are deeply threatened.

The above is a rather pitiful argument for never making any big changes. It was true of Medicare, Social Security, Medicaid and enlisting women, blacks, and gays into the military, and going to the moon.

The maximal version of “Medicare for all” would involve, in a quite literal sense, stripping hundreds of millions of people of their existing private insurance coverage.

No, it would give people the choice of free health care insurance vs. paid-for health care insurance. Undoubtedly, more people would select free, but some people might prefer what the private insurance companies offer.

No one would be “stripped.”

There are only three hundred million people in all of America, so the notion that “hundreds of millions of people” would lose health insurance is laughable or outrageous, depending on one’s sense of humor.

The GOP has waged a scorched-earth campaign against the ACA and has failed spectacularly. For Democrats, launching another huge, divisive struggle over health care would be like if Truman had decided to go ahead and fight the Soviets over Eastern Europe at the conclusion of WWII.

What a ridiculous analagy. No, it isn’t like that at all (though then, the Soviets were weak).  The first step would be to convince the populace that the Big Lie indeed is a lie.  Once people understand Monetary Sovereignty, the institution of Medicare-for-All would be a “why-have-you-waited-so-long?”

Bottom line: Medicare-for-All is a natural outgrowth of Monetary Sovereignty. The only reason not to adopt it is the affordability myth, the notion that taxpayers would have to pay for it.

Once people understand that they would not have to pay for other people’s health care, and that yes, for a Monetarily Sovereign nation, lunch really can be free, objections to Medicare-for-All would melt like a snowman in a summer sun.

Rodger Malcolm Mitchell
Monetary Sovereignty

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

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 (Guaranteed Income)) 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

America won. Now is our chance to get health care right Friday, Mar 24 2017 

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

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

After more than 7 years of ridiculous political posturing, and more than 50 votes, the Republicans presented a meaningless and a truly horrible plan that America hated. So Trump et al predictably threw in the towel as bullies always do when faced with defeat.

The plan the Republicans presented would have screwed virtually everyone except the rich, who would have been rewarded — a perfect score for the extreme right, who consider the poor to be lazy “takers.”

Image result for the working poor

Too “lazy” for health care?

 

But, before rational minds rejoice too much, let’s address the fact that the ACA is itself a lousy plan. It is an expensive, Rube Goldbergian, basket-case of little competing fixes, that punish some poor to reward other poor — all unnecessarily.

The federal government, being Monetarily Sovereign, never can run short of dollars, and in fact, creates new dollars every time it pays a bill. So why are we asking people to pay for something the government should fund?

Eventually, when every terrible scheme to “save-the-government-money-by-costing-the-public-money” has failed, and health care still is lacking in America, perhaps we finally will come to the only plan guaranteed to work: Federally funded Medicare and long-term care for every man, woman, and child in America (Step #2 of the Ten Steps to Prosperity — below).

We already know how to do Medicare.  We have been doing it for many years, and the vast majority of people who have Medicare like it. So functionally, we would have no difficulty expanding this program, with which we have great experience, to our younger people.

And I’m not talking about the Bernie Sanders program, that is based on not costing the federal government “too much.”

Posted March 24, 2017 11:47 am Amarillo Globe-News
Letter: Single-payer health insurance is the right medicine 

Insurance works because everyone pays a premium so everyone can be given care as needed.

Imagine a health care system where every dime went to health care and none to lawyers and insurance companies for their expenses and profit. They tell us that this competition is necessary for us to receive the best product at the best price.

How about a fantasy world where health care providers are competing for your health care dollar? I am talking about single-payer health insurance. Premiums and charges go to one place, and that place pays the providers.

Then we could say, “spend your money here because we offer the best thing you can do with your money and we will take care of you.”

No, not the kind of single-payer system where doctors and hospitals compete for dollars — that sort of competition simply would lead to worse care. The hospital with the fewest nurses, and the doctor who packed in the most patients would win.

We should have a system in which the federal government is generous enough in its payments, to allow for better doctoring, and to encourage more students to enter medicine.

It would be a health care system generous enough to reduce the trend for “boutique” doctors, who charge flat fees in advance.

It would be a health care system in which 100% is funded by the federal government, so that no one would even have to think twice about the cost of consulting a doctor or going to a hospital or taking medicine.

Remember, every dollar paid by the government increases Gross Domestic Product, and costs you nothing. (That’s right. Taxpayers don’t pay for federal spending.)

Until we rid ourselves of the twin myths that reduced federal spending benefits the economy, and increased federal spending is “unsustainable,” we forever will create plan after plan that costs too much and leaves too many people out.

Obamacare is garbage. Trumpcare was even worse garbage. So we now have settled for the lesser of two garbages, all because of ignorance.

As a last resort, after all the wrong steps have been taken, and we are exhausted with failure, let’s be smart: Enact federally funded Medicare and long-term care for every man, woman, and child in America.

That would help “make America great again.

Rodger Malcolm Mitchell
Monetary Sovereignty

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

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 (Guaranteed Income)) 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 poor are lazy takers who deserve their poverty Thursday, Mar 23 2017 

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

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

As everyone uh, every religious right-wing Republican knows, the poor are lazy takers, just looking for free stuff from the government.

This includes those lazy schoolchildren who want free lunches, rather than going out and working for a living.

Image result for lazy poor

The lazy poor

 

And it includes those single mothers whose husbands are dead, in jail, or have run away, and desperately are trying to support themselves while protecting for their children.

And it includes all those people working at minimum wage, who may slave two or even three jobs, and still can’t pay the rent, food, clothing, medicine, and doctors’ bills.

All are lazy, good-for-nothings, who only want to “suck at the government’s teet.” (I found that last one on two separate right-wing site comment sections.)

Fortunately, Donald Trump never has believed those lies. He always has displayed compassion for the poor: For instance, consider this tweet from Mr. Trump.  And be sure to note the date:

@realDonaldTrump
It’s Thursday. How many people have lost their healthcare today?
4:49 PM – 9 Jan 2014

Well, that was then and this is now:

Obamacare repeal could cost the poor a third of their income
by Tami Luhby, March 23, 2017: 3:38 PM ET

The poorest American families could lose federal benefits worth a third of their income, on average, if the House Republican health care bill becomes law, according to a new report.

At the same time, the richest households would receive a tax break of $5,640 a year, according to the study conducted by the Urban Institute and the Urban-Brookings Tax Policy Center, which looks at the impact on families with different incomes in 2022.

The legislation, which could be voted on as soon as Thursday, would hit those making less than $10,000 a year so hard because these folks receive hefty amounts of government assistance from Obamacare.

On average, families who earn less than $50,000 a year would be worse off under the bill, researchers concluded.

A Congressional Budget Office report found that 24 million fewer people would be insured in 2026, including 14 million who would have had Medicaid, if the GOP bill becomes law.

On the flip side, the House bill would jettison two taxes that fall on individuals making more than $200,000 and couples making more than $250,000, starting this year. So wealthier taxpayers would benefit most from the bill.

Here is a note to all you folks who voted for Donald Trump.  You’re in luck.  Because you make more than $200,000 if you’re single, and more than $250,000 if you’re married, you will benefit greatly.

What? You don’t earn that much?

Well, no matter. It still is good that the rich keep getting more from the government, so long as the poor get less.

That really is what your religion teaches, isn’t it?

Rodger Malcolm Mitchell
Monetary Sovereignty

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

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 (Guaranteed Income)) 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 ignorance of the oppressed and the treachery of their leaders Tuesday, Mar 21 2017 

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

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

Keeping the populace in chains is a cooperative effort. It requires both the ignorance of the people and the treachery of their leaders. If either one of those is missing, ignorance or treachery, the people will be free.

Related image

Waiting for you

Even the most treacherous leaders can’t enslave the populace if the people are knowledgeable and not easily led.

And if the leaders are honest and sincere, those leaders will not enslave even the most naive public.

Today, we see an example of both public ignorance and treacherous leaders:

GOP health plan would cost Mass. at least $1b, Baker says

The Republican plan to replace the Affordable Care Act would cost Massachusetts at least $1 billion in reduced federal aid, beginning in 2020, and even more in the future, according to Republican Governor Charlie Baker.

“Overall, our analysis indicates that the [bill] would increasingly strain the fiscal resources necessary to support the Commonwealth’s continued commitment to universal health care coverage,” the Republican governor said.

Baker said that his administration estimated that the revenue hit would be at least $1 billion in 2020, $1.3 billion in 2021, and $1.5 billion in 2022, with an even higher impact in the following years.

Congressional Republicans are hoping to ram through the new bill, titled the American Health Care Act, in a vote on Thursday.

The treachery comes from the Republicans and to a lesser degree, from the Democrats. Both parties subscribe to the myths that the federal government is running short of dollars and that the American people have an overabundance of dollars.

The government supposedly must save money at the expense of the people.

The result was the ACA (“Obamacare”), with benefits limited by the above myth. It is a program that asks the populace to pay for health care, though our Monetarily Sovereign government, which can spend infinite dollars, easily could and should.

But then comes the much worse AHCA (“Trumpcare”) plan the cuts the federal government’s costs by taking health care from the poorest among us and by shifting the tax burden from the rich to the rest.

By ignorance of facts, the “99%” is being cheated. The people believe these four myths:

  1. The federal government is running short of dollars, but the people and the states have plenty of money.
  2. Taxpayers fund federal spending.
  3. Federal spending is “big government socialism”that leads to hyper-inflation
  4. State government financial support is preferable to federal support.

Ignorant people do not understand the following truths:

  1. Our federal government cannot run short of dollars, but we the people can.
  2. Neither the debt nor deficits are a burden on taxpayers or on the federal government
  3. Federal health care support for all Americans would benefit all Americans, and
  4. Standing by while the poor are enslaved will lead to the enslavement of us all.

It doesn’t require much intelligence to see that the Republican plan is inferior even to the ACA, which itself is far from perfect. It doesn’t take much intelligence to understand that:

The Republicans have only two reasons for their ACA replacement: To widen the Gap between the rich and the rest, and to do anything, no matter how awful, that is anti-Obama.

But even that minimal amount of knowledge seems to be lacking, today.

Thus, we have a President who feels no shame in tweeting contradictory claims and then denying them all. He feels no shame because he knows his followers will agree with anything he says, even if it goes against their own best interests.

By appealing to our ignorance, our fear, our hatred, our bigotry and selfishness, and our contempt for those who are poorer or powerless —  Donald Trump has betrayed those who believed in him.

Willingly, the ignorant will allow him to enslave them.

A knowledgeable populace would understand that a federally supported Medicare for every man, woman, and child not only is affordable, but would benefit all of America. Rather than using its intellect, the populace has been overwhelmed with negative biases.

To paraphrase Martin Niemöller 

First, they came for the immigrants, and I did not speak out—
Because I was not an immigrant.

Then they came for the poor, and I did not speak out—
Because I was not poor.

Then they came for the Muslims, and I did not speak out—
Because I was not Muslim.

Then they came for me—and there was no one to speak for me.

Image result for trump pointing his finger

Yes, you!

.

If you do not speak out against Trump and today’s cruel brand of conservativism, then you are complicit, and one day soon, you too will feel the lash of slavery.

If you think you are immune, you are wrong.

.

Only two things can put you in chains: Your ignorance of the facts and the treachery of your leaders. You have the power to prevent it.

Rodger Malcolm Mitchell
Monetary Sovereignty

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

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 (Guaranteed Income)) 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.

Next Page »