Variables to Grade Government Spending, MMT Part III

Part three of the Modern Monetary Theory (MMT) series. In this video, I review nine Variables to Grade Government Spending now that both sides of the aisle have adopted MMT by their actions and have an untethered ability to spend. From growing our Middle Class to keeping Inflation in check, once you understand these variables you can “pull the curtain” on Government spending.

Variables:

Real GDP, Middle Class Growth, Rate of Poverty, Wealth Inequality, Equitable Tax Code, Government Tax Revenue, Rate of Inflation, Societal Utility, Real Value of Debt

White Paper Link:

How to “Solve” our National Debt “Problem” https://www.watchguardcapital.com/post/how-to-solve-our-national-debt-problem

Video Links:

Part I, Modern Monetary Theory: https://youtu.be/v7Zf22qv99A

Part II, Modern Monetary Theory: https://youtu.be/nuC_aSRQRVQ

Part I, What the Hell is the Tax Gap: https://youtu.be/LTk8ohfZ6YI

Part II, What the Hell is the Tax Gap: https://youtu.be/akEZCHH0vb8

Part III, What the Hell is the Tax Gap: https://youtu.be/4AO3eVVdMX8

Part I, Flat Tax: https://youtu.be/deVx2OJEK6s

Part II, Flat Tax: https://youtu.be/Y8JBKIll-ns

Part III, Flat Tax: https://youtu.be/PwMIvJiUhbI

Audio Special Thanks:

Jacques Offenbach - Can-Can

How to “Solve” our National Debt “Problem”

How to Solve our National Debt Problem

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And since national debt is the result of imbalances between taxes collected and taxes spent, and could be paid down to zero and retired if so desired, the first step to “solve” the national debt “problem” is admitting that we don’t actually have a national debt problem, we have a political problem...

Ten Reasons the “FairTax” Act Fails Us

A review of the “FairTax” Act that calls for the repeal of Federal Income, Payroll, Business, Capital Gains, Estate Taxes, and even the 16th Amendment of the Constitution to impose a temporary 23% National Sales. From increased tax fraud to pitting families against businesses, this video reviews ten reasons the “FairTax” Act fails us. Sources:

“FairTax” Act: https://www.congress.gov/bill/118th-congress/house-bill/25

IRS Tax Gap Reports: https://www.irs.gov/newsroom/the-tax-gap IRS Estate Tax SOI: https://www.irs.gov/statistics/soi-tax-stats-estate-gift-and-trust-statistics

FED Wealth Inequality: https://www.stlouisfed.org/open-vault/2019/august/wealth-inequality-in-america-facts-figures Audio Special Thanks:

Adrift Among Infinite Stars by Scott Buckley | https://soundcloud.com/scottbuckley

Music promoted by https://www.free-stock-music.com

Creative Commons / Attribution 4.0 International (CC BY 4.0)

https://creativecommons.org/licenses/by/4.0/

Readers! Do You Read by Chris Zabriskie is licensed under a Creative Commons Attribution 4.0 License. https://creativecommons.org/licenses/by/4.0/

Source: http://chriszabriskie.com/reappear/

Artist: http://chriszabriskie.com/