but somehow they are still the boss of you.

Thanks aaron, please see my note to Fr Austin above, see if that makes sense. Thanks for your thoughts. They are much appreciated.

Fr Austin. Thx!

We just need to change the tax law to treat small-medium business (SMB) owners like investors - they invest in themselves.

Right now if you have biz throwing profits, the government gives you a incentive for mal-investment: even if you think the SMB has matured and your profits should be used in another venture...

The current tax law unfairly pushes you to keep trying to grow the mature one, its the only way you don't get taxed.

Why on earth should SMB owners be encouraged to ride their old horses into the ground?

That is exactly what the tax law does. Our Tea Party Freshman should fight for us on this.

WINNER!

See the moment you admit MMT is social movement - I WIN.

Why do you think I do it? Consider it performance art that exposes you as having a social agenda based on government power.

You just proved it. Don't worry, countless other guys who claim to be economists get sucked in by me to.

Economics is not social justice. Sorry.

this is not tit tat, the reality is the Tea Party has the money and votes.

The left has only votes and the oligarchs have only money.

In power terms:

The Tea Party is the A power.
The oligarchs are the B power.
The left is the C power.

IN ANY GAME, the best strategy for C is to support A and B back and forth.

C will never be in charge.

The problem is C has been ONLY partnering with B against A, this has been bad strategy for C (look at the results).

Get behind A, and let the Tea Party gut the oligarchs. Look, my side can do battle with both C and B and fight to a draw, and you (C) do all the suffering.

Stop trying to argue with the guys who own their own stuff, accept that they are winning for a reason, and ask yourself what you have been doing to support the oligarchs.

You won't ever get to be in charge, but you don't have to get the shit kicked out of you either.

Winslow, I gave you FACTS. The earnings or wealth slice of the 90-99% hasn't changed. And even in top 80% is ti close to even.

Everything the top 1% have gotten comes from the bottom end.

The ISSUE is the progressive / liberal groups that claim represent the hippies have CUT DEALS with the oligarchs.

That's why you see Berkshire and Pimco all advocating higher taxes to help your guys.

To try and build government bigger your side SOLD OUT. Right now, my side is VETOING that deal.

Look, the best the hippies can do is favor tax law changes that hurt GE / Capital Gains and lower tax rates on the Tea Party.

And mark my words, when you see Tax Reform pass the average Tea Party SMB owner is going to get a overall tax cut, and the average oligarch is going to pay more.

Google Distributism - thats what is happening.

WHICH IS GOOD for hippies. America is moving towards a service economy. You hippies want the wealth spread out more evenly over the top 20%, so there are tens of millions more people buying high end goods and services.

Don't be a wishful tard. Don't imagine everyone is as helpless as you.

It doesn't work that way dude. Just think 1776 all over again, except the British have less guns. To truly understand government and money, you people REALLY need to study the fall of the USSR - smart little guys paid big dumb guys to stand around and protect their hard assets.

That's the crystallization right there. The moment the little smart guys have secured the assets in some way and stood their ground and meted out just enough to some big guys to get them to keep protecting the gravy train.

That's GOVERNMENT. Going forward all decisions will be run through that basic set up.

Look in the last 20 years, the folks who earn in the top 90-99% haven't lost a thing. They held their ground just fine.

The top 1% gained against the bottom 90%.

Now these groups are porous, but somewhere near 40M people easily spend time in that 90-99% group during part of their earning lifetime, even more in the top 80%.

So REALLY what we have are Oligarchs who own a good chunk of wealth and no votes.

A block of 40M-60M+ upwardly mobile folks with far more to lose than gain. They ALSO own a big chunk of wealth. They own ALL the guns. They own their house, many have start businesses, their kids go to college.

And everyone else. MMT makes the mistake of thinking it can win with everyone else.

It can't.

NONE of you ever really confront this. Note you tell a fantastical story about what might happen...

I'm telling a REAL STORY about what is happening right now.

Tax rates aren't going down historically because the oligarchs want it that way. They are going down because MY PEOPLE want it that way.

Our government is not printing money and taxing at at any level it wishes because MY PEOPLE don't want that.

Our Armed Forces LOVE my people. The police LOVE my people.

You can't get from where you are now to where you want to be, if you don't get down and kiss the ass of my people. If you want to change the rules, it has to firs benefit MY PEOPLE.

Look, you are dirty hippies. You know it, I know it. And all the chatter about money theory can't get around the fact that MONEY and GOVERNMENT are tools established by a hegemonic influence.

And Winslow, until you have the hard assets, votes, guns, and money MMT is per pilpul.

Randy, you are a dirty hippie. I can't believe I had to read through ALL OF THIS to get to the part where you are exposed as worthless:

"Wray: We agree that government cannot go bankrupt (in its own noncovertible, floating rate currency). We agree that too much spending will cause inflation. We agree government can lose fiscal credibility—if it spends too much, causing inflation. The solution is to restore credibility by cutting spending and/or raising taxes—to lower aggregate demand. In addition there are other things that can be done to fight inflation—industrial policy (increasing resources where bottlenecks occur), incomes policy (wage and price controls, for example), encouraging imports to relieve constraints, and management of buffer stocks (releasing strategic reserves of oil, etc). I suspect Krugman agrees with all of this."

The GOVERNMENT cannot raise taxes. In theory sure, but in practice - my guys Team Tea Party we have systematically made it harder and harder for the government to increase taxes.

So MMT is left with advocating cuts BEFORE unemployment falls at all if balancing the budget matters to you.

The problem MMT has is that you are a bunch of folks who have no hard assets, and no real power and you think by DESCRIBING the situation, teaching people how money works...

This will change WHO HAS the hard assets and the power. It won't.

"Democracy" is a idea, not a fact.

When we became a Democracy (1913) we did so in name only.

The government is not going to print money to help the bottom 8% who don't have jobs, because the government has to ASK PERMISSION from the guys who:

1. own 200M guns.
2. own the hard assets.
3. have money saved up.
4. VOTE every time all the time.

To make MMT work, you have to SERVE THEM. And that's not what you really want to do deep down, huh?

"I view Warstler as an agitator/propagandist."

Top of the world ma! Top of the world!

Melvin, here I disagree, the point is EVERYONE can work under this program IF someone will offer you $1 per hour to do it.

You are in a wheelchair, and someone wants to route telemarketing calls to you - if you want the GI, you take the job.

This is only for those PREPARED to work, not for those UNABLE to work. We only guarantee Income to workers.