Truth Sayer

And give the ultra rich tax cuts? And WHY?? Why?

What do Republicans have to say about Romney continually refusing to release his tax returns?

Milo Economics model

Everyone Gets a Share

The better economy model where YOU own the bank, YOU own the money, and YOU are part of the economy.

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Most people think that capitalist growth based economies inevitably leads to inequality, recessions, and revolutions. That is NOT so. Such problems, like world hunger, are actually problems of distribution. Right now, banks are creating money out of thin air so that the rich can get richer and the poor poorer. The creation of more money is unchecked and it's distribution is unfair. Such unfairness inevitably makes economy "choke" as all money past, present and future ends up in the hands of the few.

A RECESSION is when everyone owes the banks money and can't pay up. Which really means all the money is in the rich's pocket and the rich ran out of stuff to buy as they already own everything.

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To solve such a problem, there is Milo Economics to the rescue.

To solve the problems of the old economic models and to be fair to everyone, in the words of Milo Minderbinder in Catch-22: Everyone gets a share. Basically, take the powers away from the bankers and the politicians.

To achieve THAT:

1st: As Milo says, Everyone is a share holder. To achieve this...

Banks: Everyone belongs to 1 "bank" of their choosing; anyone can switch at any time, anyone can charter their own bank at anytime. In such a bank, it's share and size is exactly the same as its members, if a bank has 1 million members, then it has 1 million shares.

2nd: Everyone gets a share.

Money is NOT created by individual banks like it is NOW. Since whoever creates the money gets the most of it, allowing the rich to get richer. Current economies are trickle down economies and there are vultures at the top of the economy and slaves at the bottom. This is the major problem of the current system.

Money is created every day or week according to a central bank committee who monitors the growth of the economy and adjusts accordingly. Btw, everyone is a shareholder of the central bank and everyone gets exactly 1 share Only and everyone has a say and have a chance to join the committee. ALL Money created is instantaneously divided up and deposited into the bank accounts of every single citizen periodically.

3rd: Everyone pays.

Taxes and fees are owed and collected directly from every person's account every single DAY. One can have negative balances. For example, if you are a NY state resident, then NY state, as a legal entity who provides you with services, has a right to collect on you. Thus your account is debited $1 every single day to NY state as taxes. The federal government and the city government can do so as well. View the various government entities as the management in a co-op.

Paying for government services should be like paying for your Verizon wireless. Every month you get a bill. Easy, open, transparent.

4th: Everyone has a say.

Everyone is a shareholder and thus have the power to vote on everything instantaneously. If you belong to the federal government entity, you can vote on its decisions every day or week. If you belong to the NY state entity, then you have a say in its hiring and firing of employees and stuff as well.

5th: Everyone loans and lends.

To get a loan, you go to any bank and the bank loans you its members' money to you. Remember, a bank can't create money anymore. So if you borrows from a bank, you are actually borrowing from a lot of people. When you pay a bank back with interests, all the members of the bank earns that interest. When you default on a loan, all the members of that bank loses money.

Banks DO NOT pay its member interests, banks pay out dividends ONLY. Banks will operate like Swiss banks and charge YOU fees for management of funds.

6th: Everyone gets the same proportions.

Right now, rich people bemoan that they pay more taxes than poor people. But they actually pay less than their fair share. To make taxes fair, charge every taxes like private companies do.

For example, under the government provided security tax, someone who is rich have to pay more for government protection. This is the same as buying insurance or hiring your own body guards, the rich pay more because they have more to be protected.

7th: Everyone is a shareholder

So at ANY time, if the shareholders so chooses, any employee of the government can be fired for ANY reason. If the shareholders don't like it, they can change the whole government, it should be like in a co-op; everyone has 1 share.

There in essence is Milo Economics. Inequality, recessions, and revolutions are all solved to some extent. It is still a capitalist economy. Only in the creation of money is it a socialist system. You can still get rich and stay rich in that system. Milo Economics also exemplifies the ideals and spirit of Democracy.