Unthinking Majority wrote:I have no problem taxing the rich more and giving it to the poor and middle class. But i think your ideas are insane. It is far-left utopian nonsense.
Sir, as is usual on line, I replied to you with 18+ lines of text, and you reply with 1 line.
You ignore most of where I showed you you were wrong.
You agreed that the rich should be taxed more, and with finding a way to help the poor and middleclass.
And, ended with a personal attack with zero details.
I have to wonder which of my ideas are insane utopian nonsense. Are they these ideas?
1] That, most conservative Americans think the the "50s" were America's Golden Age?
2] That, the districts to elect Reps. to the US House could be expanded to have 5 or better yet 7 (also 6) Reps?
3] That the size of the House be close to doubled?
4] That the Senate be increased by 50% to add a seat from each state that must be held by a woman?
5] That, there be a MMT-style-JGP that offers a socially useful job (that pays about maybe $25/hr) to every adult who wants one? It is to be Federally funded (mostly with deficit spending), but locally run
6] That, the Fed. Res. be given a fiscal lever to move to fine tune the economy to avoid inflation while also having every adult employed at a good wage doing something.? This lever would be in the form of a much modified UBI, a UBI-Supplement Program that gives every legal resident adult (and children less) a monthly payment. This payment would be changed by the Fed. from time to time, to heat up or to cool down the economy. [Obviously, if this UBI-S program is added to the MMT-JGP, the JGP wage would be reduced.]
7] That, with both the MMT-JGP & the UBI-SP in place, there would be little need for any other income support program, i.e. welfare.? It might even be possible to find a JGP job that a blind person could do.
8] That, it is economically impossible for the US to pay-off the $26T national debt without incurring new debt or just creating $26T new electronic dollars in bank accounts? That, it is impossible because after even $2T or $3T worth of surpluses (tax revenues more than net Gov. spending) had been removed from the economy it would be in a never ending depression.
. . . [That, paying the $26T worth off with gold would require the bondholders accept gold at about $0.20 on the dollar, at current gold prices of about $1,300/troy oz.]
9] That therefore, the national debt is not really a debt at all. That all debts that are never to be paid are not debts any more? That, the US debt can have the payments made with new borrowing at low interest rates if inflation is always low? That, in an emergency, when necessary, the payments can be made by selling the bonds directly to the Fed. or by just creating electronic dollars in the bank account of the, soon, ex-bondholder?
. . , That, if the US debt is no longer a debt, that it is now assets of people that are to be held forever, like land is an asset that can be held forever?
Or, are you remembering some other ideas of mine.