Drive carefully

caution

Thomas Sowell is a professor at Stanford University in California. Right-wing a**holes love Sowell because he is very right-wing himself, and he is Black – which supposedly vindicates their lies.

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Sowell gets paid to constantly demand that politicians give Medicare and Social Security to the thieves of Wall Street. Here is his latest pitch…

During this election year, we are destined to hear many words that are toxic in the way they misrepresent reality and substitute fantasies that can win votes. One of these words is “entitlement.” To hear some politicians tell it, we are all entitled to all sorts of things, ranging from “affordable housing” to “a living wage.” But the reality is that the human race is not entitled to anything, not even the food we need to stay alive.

Oh? So it was okay when Black people were enslaved, since Black people (like Thomas Sowell) were not entitled to freedom, compassion, or respect. They weren’t then, and they aren’t now. Right?

Particular individuals or groups can be given many things, to which politicians say they are “entitled,” only if other people are forced by the government to provide those things to people who don’t need to lift a finger to earn them. All the fancy talk about “entitlement” means simply forcing some people to work to produce things for other people, who have no obligation to work.

Translation: the federal government can only help one person at the expense of another person. All right-wing idiots believe this lie (and most left-wing clowns believe it too). Right-wingers have to believe it, or they couldn’t maintain their bullshit with a straight face.

I say “left wing clowns,” because if a “progressive” person is sincere in caring for others, then he must admit that the following two statements cannot both be true…

[1] Money is limited

[2] The U.S. government can “print” limitless dollars.

I you do not stop to think about this, then you too are a bullshitter, regardless of your opinions.

It gets worse. If we are all “entitled” to things, irrespective of whether we produce anything ourselves, then the question becomes: Why are some people getting so much more than others?

It’s called the Iron Law of Distribution: Then what has, gets. (In other words the rich get richer, and the poor get poorer.) And the higher you are on the ladder of wealth, power and prestige, the more you get a “free lunch” at the expense of everyone below you.

People who are producing nothing can feel a sense of grievance against those who are producing much, and being rewarded for it, if our basis for receiving economic benefits is supposed to be what we are all “entitled” to, rather than what we have worked to earn.

Regarding a basis for receiving economic benefits, how about simple love and compassion, rather than what people “produce”? What do billionaire hedge fund managers “produce” anyway?  And if we want to restrict economic benefits to people who “earn” them, then why not kill all children? Certainly children do not “earn” their parents’ love and care. What do children “produce”?

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Next comes more right-wing bullshit. These bastards hate you if you get any kind of government benefits. Unless you are very rich, and selfish, and cruel, in which case they love you.

One of the most misleading uses of the notion of entitlement is to say that people who paid into Social Security for years are now entitled to the pensions they receive. Really? It so happens that I have put money into the same bank account for more than 20 years. But if I were to write a check for a million dollars today, it would bounce! The question is not how long you have been putting money in, but how much money you put in.

Translation: Sowell (falsely) believes that FICA taxes pay for Social Security.

In my opinion everyone who is elderly and not-rich is entitled to Social Security benefits because [1] it doesn’t cost anyone anything, and [2] they are human beings.

But for Sowell, you aren’t entitled to anything unless you “produce.” That is, unless you are a “maker” (i.e. very rich).

Social Security was created back in the 1930s, during the administration of President Franklin D. Roosevelt, one of the shrewdest politicians who ever sat in the White House. President Roosevelt understood that, if you could convince people that they were entitled to a pension under Social Security, it could become politically impossible to ever put an end to that system.

Wrong! It is not “politically impossible.” On the contrary, it is quite easy. Simply tell people that

[1] Money is physical and limited.

[2] The U.S. government is “broke” and has a “debt crisis.”

[3] FICA taxes pay for Social Security.

[4] Social Security is “insolvent” because more people are “drawing from” the (non-existent) “trust fund” than are “paying into” it.

Once you get people to believe these lies, you can easily take away all their benefits. You can tell them, “Don’t blame politicians. Blame your parents and grandparents who stole everything from you.”

Next, based on the lies above, Sowell (falsely) claims that Social Security” is a “pyramid scheme” (also known as a Ponzi scheme)…

Under Roosevelt’s plan, the first generation to enter Social Security would have their pensions paid by money received from the second generation, as well as its own money. The second generation would be paid with money that included what was paid in by the third generation, and so on. This is the principle behind a “pyramid” scheme, in which the first investors can get a big return on their money by simply paying them money received from subsequent investors. But it is only a matter of time before reality catches up with us, since the pyramid scheme is not actually investing any money or saving any money.

No, the system is creating money out of thin air.

ponzi

That is why a private insurance company that sold annuities based on a pyramid scheme would be prosecuted for fraud, and its officials put in prison. But you can’t put Congress in prison, even when that is what it deserves.

I agree that politicians belong in prison (along with right-wing idiots like Sowell), but you can’t compare the U.S. government (which creates money out of thin air) with a private insurance company (which does not).

With the money running out in the so-called trust fund for Social Security, reality is beginning to break through the fantasies, and is closing in on us.

Sowell must have a learning disability.

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Younger people can be allowed to opt out and arrange their own pension plans in the private sector, where the kind of irresponsible pyramid schemes that politicians set up are illegal. 

Translation: in order to “save” Social Security we must destroy it (via privatization).

The lies never change because people never change.

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On a different note, I want to mention what I call “Plan B.” When people claim that the U.S. government is “bankrupt,” and you note that the government can “print” limitless dollars, people resort to Plan B, which is to evoke the hyper-inflation bogeyman. The cartoons below are examples of this garbage. The cartoonists claim that dollars have become worthless because the government keeps creating so many of them.

Below is Obama’s budget proposal for FY 2017, which will begin on 1 Oct 2016. Obama proposes that the U.S. government create $ 4 trillion, and claw back 88 percent of that ($3.5 trillion) as taxes. That $3.5 trillion will effectively be destroyed.

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The cartoon below compares U.S. dollars to Monopoly Money…

monopoly money

Strange how no one wants to give me their worthless “monopoly money.”

Regarding inflation, if there is no shortage of consumer gods, then there is no inflation problem. Adding dollars to the economy will strengthen the economy. The USA is in a permanent recession because there are too few dollars in circulation (and because the dollars that do exist are sucked upward into the financial economy and the rentier class).

The cartoonist below falsely thinks that all dollars are created by the Fed as loans, which is why there is a “runaway national debt.” I suppose people think they’re brilliant when they make these idiotic claims…

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Below are more of those dollars that everybody is desperate to get more of, even though they are completely  “worthless”…

worthlessDees 03

If dollars are “worthless trash,” then how do these guys get paid? In pesos?

BELOW: I couldn’t find a better copy of this. Obama says, “From now on we’ll pay as we go.” This is supposed to be madness, but the cartoonist does not explain why.  Yes, the federal government creates money as it goes. That is how the system works in the USA and most other countries. Only idiots think this is a bad thing.

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