Forgot Password
Pentax Camera Forums Home

Show Printable Version Search this Thread
05-30-2012, 04:54 AM   #1
Veteran Member
jeffkrol's Avatar

Join Date: Sep 2006
Location: Wisconsin USA
Photos: Gallery
Posts: 8,434
Mitchell and MMT "gap"

For those that have ever bothered one of MMT's "offshoots" was the idea of "guaranteed employment" by the Gov.
I personally never really supported nor nixed the concept (it is hard enough to get the"basics" through the masses.. )
but Mitchell tackles the concept a bit, and why it is not beneficial to the MMT crusade..
For your interest and his "cure" for the economy as well (which I quote here)........

In Professor Wray’s defense, he was not aware of my post, “Nine steps to prosperity,” where I listed these “cures,” not just for unemployment, but for many of the ills that beset our economy:

1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D — for everyone
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
4. Long-term nursing care for everyone
5. Free education (including post-grad) for everyone
6. Salary for attending school (Click here)
7. Eliminate corporate taxes
8. Increase the standard income tax deduction annually
9. Increase federal spending on the myriad initiatives that benefit America
The "other Mitchell" does support it....

There is no doubt that these programs have been very successful within their narrow ambit. They also are used by some progressives to argue for an extension of them into what is known as a Basic Income Guarantee (BIG). For reasons that are outlined in this blog I prefer employment guarantees as the primary way to attack poverty. I think the progressives who advocate BIGs are giving too much ground to the conservatives.

The NYT article describes an anti-poverty program in Brazil. It notes that “Parts of Brazil look like southern California. Parts of it look like Haiti. Many countries display great wealth side by side with great poverty. But until recently, Brazil was the most unequal country in the world.” But on a positive front it notes that “Brazil’s level of economic inequality is dropping at a faster rate than that of almost any other country”.
Anyway.. nobody will pay attention believing the US is "broke" (it is but not monetarily)...........


  • Submit Thread to Facebook Facebook
  • Submit Thread to Twitter Twitter
  • Submit Thread to Digg Digg
Tags - Make this thread easier to find by adding keywords to it!
brazil, click, concept, economy, increase, mmt, notes, poverty, progressives
Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Post your "Park Bench" "or "Picnic Table" images tessfully Mini-Challenges, Games, and Photo Stories 1858 1 Day Ago 01:03 PM
Do custom "artistic" or even "funny" lens caps evenexist? lovemehate Pentax SLR Lens Discussion 33 02-10-2016 09:10 AM
Don't say Pentax "Q" in French ... "Q" = "cul" = "A--" Jean Poitiers Pentax Q 52 11-10-2013 06:25 AM
Ricoh "will plug a gap in the market" in 2012 innershell Pentax News and Rumors 150 12-18-2011 10:55 AM
K200D and D-BG3 - "grip gap" or mixed batteries? CalendarGuy Pentax Camera and Field Accessories 2 02-04-2009 04:39 AM

All times are GMT -7. The time now is 08:37 AM. | See also:, part of our network of photo forums!
  • Red (Default)
  • Green
  • Gray
  • Dark
  • Dark Yellow
  • Dark Blue
  • Old Red
  • Old Green
  • Old Gray
  • Dial-Up Style
Hello! It's great to see you back on the forum! Have you considered joining the community?
Creating a FREE ACCOUNT takes under a minute, removes ads, and lets you post! [Dismiss]