May 25, 2018 by jackrasmus
For my detailed explanation of the Trump Tax cuts and who’s getting them, watch my hour long video interview with the Henry George School of Social Science earlier this year. How $4 to $5 trillion goes to US businesses and investors.
To watch go to: http://www.hgsss.org/smart-talk-with-ed-dodson-dr-jack-rasmus/
While the capitalist system has undergone numerous restructurings throughout its history, capitalist elites purpose in restructuring has remained the same: to restore and/or extend their hegemony. The current restructuring, operative since 1978, is called Neoliberalism. The book examines Neoliberalism as both an Idea and an historical practice composed of a particular mix of fiscal-monetary-trade-industrial policies that began with the latest US capitalist restructuring in the late 1970s, continuing to evolve to this day. The book further explains the deeper material forces giving rise to - as well as now undermining - the Neoliberal policy regime, with special focus given to the crisis of Neoliberalism in the wake of the 2008-09 global crash, Obama's failure to resurrect it, and Trump's current doomed effort to restore it in a new, more aggressive form. Evidence why Neoliberalism is destroying US Democracy concludes the book's analysis.
Describes how US federal governments, often in cooperation with the largest US private banks, introduced and expanded central banking functions from 1781 through the creation of the Federal Reserve Act of 1913. Based on an analysis of the evolution of the US banking system - from pre-1781, through the 1787 US Constitutional Convention, Congressional debates on Hamilton's reports to Congress, the rise and fall of the 1st and 2nd Banks of the United States, and through the long period of the National Banking System form 1862-1913, the book shows how central banking in the US evolved out of the private banking system, and how following the financial crash of 1907 big New York banks pushed through Congress the Federal Reserve Act of 1913, creating a central bank which they then managed for their interests.
(Click on image) CENTRAL BANKERS is a comprehensive critique of central banks’ policies in the 21st century, explaining why the massive injections of free money to the banking system since the 1970s enabled the creation of excess corporate debt that has led to financial bubbles and repeated crises. The book addresses the growing contradictions of central banking, why they are failing in their functions, targets and tools, and proposes a radical democratization and restructuring to transform them to serve the public interest and not the private banks.
(Click on image) LOOTING GREECE, A New Financial Imperialism Emerges. This book - Reveals clearly who calls the shots in the Eurozone—the hardliners, not the remnants and political residue of what was once European social democracy, - Follows the negotiations in their excruciating detail as the Troika tightens the screws from 2009 to the present, - Shows how Europe’s financial elite enriches itself on Greek debt, privatizations and financial manipulations, turning Greece into an Economic Protectorate.
(Click on image): This book offers a new approach to explaining why mainstream economic analyses have repeatedly failed and why fiscal and monetary policies have been incapable of producing a sustained recovery. It explains why the global economy is slowing long term and becoming more unstable, why policies to date have largely failed the trend, and why the next crisis may therefore prove even worse than that of 2008-09.
(Click on image) Obama's Economy: Recovery for the Few, explains how the weakest and most lopsided economic recovery since 1947 has been the direct outcome of failed economic policies of the Obama administration and US Federal Reserve bank since February 2009. Includes a detailed 'alternative program' in the final chapter. Includes the book, a video DVD presentation, and 66-slide PPT slideshow.
(Click on image) Obama's Economy: Recovery for the Few, explains how the weakest and most lopsided economic recovery since 1947 has been the direct outcome of failed economic policies of the Obama administration and US Federal Reserve bank since February 2009. Includes a detailed 'alternative program' in the final chapter.
(Click on image) A theoretical analysis, with historical case examples, of origins, causes and future evolution of the recent--and continuing--economic crisis in the U.S. and global economy. Includes predictions in 2009 of the inevitable failure of Obama policies and more serious crisis to come, 2013-15.
(Click on image) Seven specific reasons why economic recovery under Obama since 2009 has failed for all but the wealthiest few and largest corporations. The book spells out eight specific areas as an Alternative Economic Recovery Program.
(Click on image) The War At Home: The Corporate Offensive From Ronald Reagan to George W. Bush, is a 534 page, extensively researched, nonfiction book that describes the evolution of corporate-government policies from 1980 to 2005 that have shifted more than a $1 trillion dollars a year, every year, from 90 million American middle and working class households to the wealthiest 10% and corporations.
Dr. Jack Rasmus @drjackrasmus
Jack Rasmus 
TAX RECONFIGURATION, NOT TAX “CUTS”:
EQUITABLE TAX RECONFIGURATION-PLUS
Would create >4% GDP growth and 4-6 million jobs per year:
Congress and the Administration are contemplating tax changes. Sadly, it appears that both may be led by ignorance, bias, and axes to grind which is a losing formula for We, the People.
There should be a discussion regarding the concepts of evolutionary versus revolutionary changes. There is substantially greater risk of problematic and unintended consequences
when employing revolutionary changes.
It is being promoted by “talking heads” and politicians that a reduction of the corporate tax rate from 35% to 20% would create jobs. The jobs created would be insignificant, thus that promotion is nonsense, at best. Yes, it would offer greater profits for corporations, which would benefit stockholders. That would reflect very limited economic benefits, which would be further reduced by the hit to our national debt.
The main catalyst to enable businesses to increase sales and profits is energized consumers.
What effect upon consumers would a permanent income tax credit equal to 100% of the Social Security taxes paid on the first $40,000 of income? The maximum credit would be $2,480 per year ($206.67 per month).
The effect upon consumers would be substantial, thus benefiting business sales and profits, i.e., the old “two birds with one stone”.
The funding of this tax credit would come from the elimination of the “ceiling” upon which Social Security taxes are levied and by making all other types of income subject to SS tax, without limitations.
An additional “adjustment” to Social Security should be a ten percent increase to SS recipients.
Since our economics would be greatly stimulated, a different method of controlling the pace of the economy would be initiated. A separate withholding would be established and would be controlled by the Federal Reserve Board. The Fed, on a monthly basis, would publish a factor (a % of gross pay) which would cause a reduction or increase in net pay, thus affecting the strength of our economics, immediately.
Interest rates would be market based, i.e., the Fed would not control rates via Discount and Federal Funds rates.
PLUS:
1. Eliminate the anti-trust exemption for unions – http://writerbeat.com/articles/7399-TRADE-AND-SERVICE-UNIONS
2. Reverse all minimum wage laws – http://writerbeat.com/articles/11328-THE-CONCEPT-OF-ldquo-MINIMUM-WAGE-rdquo-IS-A-CANCER-TO-OUR-NATION-S-ECONOMICS-SINCE-IT-TENDS-TO-CREATE-A-PERMANENT-UNDERCLASS-AND-
3. Unauthorized visitors – http://writerbeat.com/articles/15953-UNAUTHORIZED-VISITORS
mz
mikiesmoky@aol.com
04/21/17
Revised Jan. 10, 2018