Money is no longer a finite amount for a monetarily sovereign nation, and as such, the federal tax and spend model we used to subscribe to no longer fits how we now perceive to generate currency, and employ the unemployed. Before we look at that we must first define some terms and dissect their significance.
It was back in 2009 that the Tea Party first appeared to spring alive from out of nowhere. We know now that it didn’t, but at the time Democrats and liberals didn’t see it coming. They couldn’t understand it. But they knew two things: it was pissed off and it was stupid. Who doesn’t remember the …
Get Your Government Hands Off My Social Security! Read More »
It is impossible for Social Security to go broke. All it takes to see that is a ride on the subway.
If you think that “printing money to pay the national debt” causes inflation, then you do not understand how the monetary system actually works.
What if I told you that everything we have been taught about US economics is wrong? Before your eyes start to glaze over in anticipation of boring economic jargon, let me acquaint you with 5 simple facts that might just wake you up.
Neoliberalism has guided US government policy since the 1980s. Yet, few Americans really understand the concept behind Neoliberalism.
While economics is a very complex subject and rarely does a single factor directly cause a single result, experts mainly agree that drastically reduced top marginal tax rates are associated with higher income inequality.
Higher taxes on the rich are a means by which to slow the process of the accumulation of wealth. By slowing the process of accumulated wealth, higher top marginal taxes increase income equality.
It’s time for you to stop allowing yourself to get sidetracked with old thinking.