Sure, Tom Paine Predicted Social Security ... but He Did NOT Predict FICA Taxes

   (Commentary posted by Roger Erickson)

Agrarian Justice: With a new Foreword, "Social Security, Thomas Paine, and the Spirit of America"

The "new" forward is by our favorite NeoLiberal Harvard Lawyer, Nancy Altman.

How misleading is Nancy's outlook? It's more insidiously wrong than you could possibly believe. I shudder to imagine what choice words Tom Paine  - if resurrected - would have for NeoLiberals of today, such as Nancy Altman.

Sure, Tom Paine Predicted Social Security ... but He Did NOT Predict FICA Taxes.  Social Security, after all, was practiced by every known tribal society worldwide, for the past 100,000 years. (Hint, FICA taxes weren't invented until ~1936.)

The tragic part is that SS-Works & Nancy Altman TRULY BELIEVE (or SAY they believe) that it is ONLY FICA taxes that make SocSec possible - while that is the exact opposite of the simple truth. What Nancy Altman is spewing is misguided bullshit, of course.

Have YOU ever seen another public policy paid for by a pre-emptive tax on citizens? What? No "CWICA" tax to pay for Corporate Welfare? How about for Air Force bombers? Bank bailouts? You may as well quit looking. Only the working class is taxed this way, and for no good reason whatsoever.

To understand why, please read this historical link all the way to the end.

Then remind yourself that FIAT TAXES FOR FIAT REVENUE ARE OBSOLETE ... and have been ever since 1933.

If more citizens understood that 4 generations of US citizens have been held down ONLY for the exact purpose of holding them back ... there'd be blood in the streets tomorrow. You, your parents, your grandparents and your great grandparents have all been cheated like disenfranchised sharecroppers. There should be reparations for 80+ years of unnecessary FICA taxes.

It's a bitter pill to realize that your own country has a policy of purposefully over-taxing and under-funding the working classes.

And why? Pure stupidity and greed on the part of the "Upper" looting classes, and pure gullibility on the part of the working classes. Doesn't anyone in this country know what counts anymore?

Is it too late? Tens of millions of voters must look in their mirrors and ask themselves that question.

While you're at it, also ask whether you truly love your children, and/or all the future citizens of the USA. If you do (and aren't a moron) you'd cease - forever - urging fellow citizens to try to save public fiat instead of investing it. Conflating current fiat and future public options is suicidal for a growing population.

I have to ask Nancy Altman if she's ever asked herself the following question about our supposed deficit in fiat.

Decide for yourself. What happens when YOU run out of fiat? Does it help if you BALANCE your fiat? (Whatever THAT means.)

Human Aggregates Everywhere Are Constrained Primarily By Confusing Derived Numerals With Real Feedback Signals

(Commentary posted by Roger Erickson)


Human Aggregates Everywhere Are Constrained Primarily By Confusing Derived Numerals With Real Feedback Signals

So why DID the moronic population start pounding it's aggregate head on it's aggregate fiat? :(

More to the point, how will we stop, and then keep future generations from starting it up yet again?

So Why DID The Moronic Aggregate Ever START Pounding It's Head Against The Wall?

   (Commentary posted by Roger Erickson)




Because it would feel so good when they stopped? :(

"pressure on the European Central Bank to do “something” to prevent outright deflation is growing"

ECB translation: "Finally. Some signs of growth in Europe!!!" :)

Somehow this reminds me of the old moron joke.

So stop, already. And start asking why you started.

Or ... you could just do "QE" for a few years.*

Tempo is everything, is separating agile vs moronic aggregates.


* Why didn't the moronic aggregate ever ASK itself what QE is, and does? Because, because, because, BECAUSE ... because of the moronic things electorates do (at the request of orthodox economists). Of course that begs yet another question, but too few have the attention span to ask it, and more. They're busy pounding lemming heads against unemployment walls ... in unison. 

Capitalists? Their only suggestion is to start selling headache pills. Doh!

Deficit Dove Prayer: "Grant Me Agile Thinking, Morality & Half A Brain ... But Not Until AFTER I Steal Everything In Sight."

(Commentary posted by Roger Erickson.)

Saint Augustine must be turning over in his grave.

Deficit Doves are still at it, saying that more austerity is needed ... but not just yet. (Hat tip to Bill Mitchell.)

German minister calls for EU budget rules to be loosened ... briefly

Translation: "Grant me agile thinking, morality & half a brain ... but not until AFTER I steal everything in sight."

Brilliant! :( Tell electorates with growing numbers & capabilities that they'll all have to DO LESS ... but not just yet?

That's exactly like telling growing kids they'll be malnourished .. but not yet?

?? 

Where do we FIND idiots who can't grasp the difference between dynamic and static assets, and between REAL resources and purely nominal metrics?

These idiots don't understand the difference between a deficit in one purely nominal metric (national fiat = Public Initiative =~ fiat currency supply), and a deficit in REAL capabilities or resources.

What MORONS!!! Just continuously right-size & right-distribute currency supply, in real-time? Any engineer or high school math student could write the Automatic Stabilizer functions for you. It's analogous to defining the basic gear that allows a soldier to function as a working part of an army. This is NOT rocket science. The concept of functional tolerance limits applies.

Some people just don't understand creation & creativity.

Fine. So for heavens sake, do NOT send such idiots to your Congress or Parliament!!! BMHOTK!

As mindless believers in "Double-Entry Accounting" for everything, idiots will insist that creativity & social development has to "come" from somewhere, in order to be created. NOT!!!

Invention, creation, innovation & return-on-coordination supersede Double-Entry Accounting! Get over it. We do not GET those things from anyone. We as a people create them, de novo - just like our fiat currency. Please wise up, as in now, before it's too late & your grandchildren have NO options.