What kind of Animal are we?

 Published  simultaneously on  PATREON    https://www.patreon.com/posts/13014925

and on Short Thoughts too Long to Tweet 

To design a successful human society you need to know what kind of animal we are. Are we a cooperative animal or a competitive animal?"

The answer is YES. We all thrive on the prize of the competition and we all share bread with a stranger in varying degrees. Our cooperation builds personal bonds and community solidarity in shared goals.  Competition for the Prize and exceptional Reward for exceptional Performance leads to increased effort and to the drive to find a better way of doing things.  Often it also leads to Poverty & Excess.  

If we can find a stable environment between the Poorest and Richest within the drive to attain the most or all of everything, we can build a safe foundation to build Freedom from Want and establish a stronger Democracy.  If Poverty dominates our Economic System we will suffocate Democracy & Freedom in favor of rule by the Oligarch of 1%ers. 

Cash IS NOT Money

Moving Money

Originally written and Published on my  PATREON  site   June 7, 2017.



What would happen if you had a Gold coin that you could melt down and sell the Gold in that coin for two Gold coins? If you know the answer you will understand why coins ARE never worth and CAN NEVER BE worth the face value on the coin.  The face value is recorded in an Asset Account in a Federal Reserve Bank or a Corporate Bank and the coin is used to transfer that value from one Bank account to another.

That is the same purpose as a Federal Reserve Note. It is simply a printed receipt for Money recorded as numbers in a Bank Account. Coins differ from a Federal Reserve Note only by being printed on metal instead of paper. Both are used to move the printed value from one Bank Account to another. It may move through several the hands of more than one buyer/seller before ending up as a Bank Deposit as an asset for which the Bank is liable to the Depositor. Checks -  Credit/Debit Cards - Drafts all serve the same purpose 

Cash Money exists nowhere and has never existed anywhere except as a printed value that the Printer of that receipt claims he will exchange a thing of real value for. The ultimate value of the dollar is established by the fact that it is the only way you can pay your taxes or any "dollar valued debt" you owe. You must obtain dollars to pay your taxes and other debts. Debt gives them value.

No matter what you think money once was, I assure you isn't now and never will be. It is just a bookkeeping system to determine who has purchasing power for Goods or Labor. It has the advantage that trades can take place over a span of time, unlike Barter which occurs as a single transaction, It makes trading Goods & Service fungible instead of requiring concurrent agreement at the time of the trade. It is the lifeblood of World Commerce.


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Commonshare of the Commonwealth

Ownership has cost

The Sovereign Nation owns the land we live on, the wealth beneath it, and the air above.  Private ownership is a privilege that is granted in return for the payment of fees and/or tax on profits earned or for satisfaction gained in the private personal use. The monetary gains by the Sovereign Nation are the commonwealth that belongs to the Sovereign community.  How they are distributed depends on who holds the Power to control distribution. 

The fact that we pay our property tax or lose our property is the proof that private use is a privilege that you must pay for. The right of "Eminent Domain" is additional proof that the Government can take what it needs for the "Common Good" as long as you are compensated for your improvements.

The power to tax personal possessions & monetary wealth is the source of the "commonwealth".  In a democratic nation, all of the people are entitled to a dividend on their Common share of that wealth. I am a strong believer in the Right of every Citizen [rich or poor] to receive their dividend on what they own in common, just as a Corporate shareholder does. If the Dividend is adequately used for the General Welfare of the Citizen, poverty will not be a plague upon the population.

Income offers Choice

Choice is the key to freedom

Ownership of  Property in the Capitalist Economic System for both self-use and for retraction of profit from ownership is hallowed ground.   But property can be reclaimed by the government if taxes are not paid or by  Right of Eminent Domain if it is needed for the common good.  Is ownership therefore only partial and therefore it is a privilege and not a Right?  It is still the cornerstone of unearned income & wealth as opposed to income earned from labor and is the cause wage-slavery.
  
When residential property is owned but not used, the owner would like to have someone to pay for its use. If another person desired the use of that residence and had the resources to rent the unused residence, that renter would do so unless he wanted to be homeless. If that person lacked resources or wages,  he would be homeless. That is the power of ownership over those who have only their labor to obtain life essentials. They can be either trapped in Poverty or forced to be a Wage-Slave to undesirable jobs without the Freedom to choose.

 To ensure Freedom to escape poverty or wage-slavery is to find a way to distribute money to the person who has none. The fairest & simplest solution is to provide an unconditional Basic Income Guarantee to every person [rich or poor] large enough to buy sufficient food, adequate shelter, and effective medical care. It is the simplest solution for distributing basic Goods & Service to every person.

I recommend using the existing Supplemental Security Income [SSI] program without a Means Test of a need in order to distribute. It could be distributed to all with no need for a large Government Bureau-for-Begging that will exercise "Shaming" as a power tool

Keeping Score

Modern Money Theory

No scorekeeper has ever called off a Sports Contest because of running out of numbers. Likewise, no Sovereign Nation with a Sovereign Currency can run out of money.

A score keeper can create all the numbers need to score the game The Federal Reserve Banks have the ability to create unlimited Money. They could finance all Public Debt at zero % interest. Only Congress prevents it by preventing the Fed from direct financing of Original Debt. That is only permitted to a select Group of Representatives from Corporate Banks. The Fed is only permitted to operate in the Open Market.

Unlimited available Money is not the cause of inflation. Limited needed Labor skills, shortage of Productive capacity and/or lack of input materials cause difficulty in production of needed Goods & Service. Shortage of Goods & Service causes inflation.

The Government can authorize creation of just as much money as is needed to accomplish any task. If labor, productive capacity and raw materials are available, the money can be created to accomplish the task without dislocating the stability of its economy.

William Hodge

Universal Basic Income

Common Share of the National Commonwealth  

No one but the Nation owns the land we live on, the wealth beneath it, and the air above. The fact that we pay property tax or lose our Land proves that to privately use the National wealth  is a privilege that you must pay for. The right of "Eminent Domain" is proof that the Government can take what it needs for the "Common Good" as long as you are compensated for your improvements.

The power to tax on possessions and monetary wealth is proof of the existence of the "commonwealth" and all of the people are entitled to a Dividend on their commonshare of that wealth.  I am a strong believer in the Right of ever citizen [Rich or Poor] to receive their Commonwealth Commonshare Dividend, just as a Corporate shareholder does without means testing from the Government "Bureau for Begging". It is the platform for a Universal Basic Income

Raising Money to grow a Nation

 Community Commonwealth Coalition

The Constitution gives Congress 3 ways to raise money to spend on the needs of the Nation.

1. Borrow - that subsidizes Bankers at the expense of Taxpayers.


2. Tax - If done in excess it will create Poverty for the Middle class. The main purpose of taxation is to moderate the amount of Money in circulation to avoid inflation.


3. Create [coin] money - that will not transfer tax money to the Money Changers and will not cause excess inflation if there is sufficient labor, excess productive capacity & input raw materials

The Money that Congress gains by taxation and creation and borrowing is the "Commonwealth" of the Nation.  Part of it should be used to provide sufficient food, adequate shelter, medical care, education, and transportation to each citizen with no "means testing". We do not need a Government "Bureau for Begging" to decide if a citizen is entitled to receive what is theirs by right of Sovereignty.

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