From The Inquistor; February 16, 2017 br br By Jo... (
Our Constitution’s Preamble states the aims of our federal government: justice, tranquility, defense, general welfare, and the “Blessings of Liberty” that we must provide for Posterity. Each of these goals implies the creation of institutions of considerable magnitude. Justice and tranquility require first responders, hospitals, courts, and prisons. Defense implies forces with unlimited needs that must be provided by the nation’s industry, which implies a system of education and healthcare. General welfare and “Blessings” imply an open-ended wish-list. We can put all of the above under the heading of “infrastructure”. Given that we are surrounded by hostile forces seeking to dominate us, our need for infrastructure is unlimited.
To provide for those infinite needs, Congress must plan for the world’s best infrastructure. Then it must create that infrastructure by buying the required human and material resources, spending as much as possible without causing inflation. Such spending will maximize after-tax savings (aka “deficit spending”) which, due to our trade deficit, exits circulation into foreign banks as well as into domestic banks. Thus, spending on infrastructure finances much of our consumption and our annual savings. Infrastructure = Consumption + Savings = Prosperity!
Thus, the need to combat inflation is a primary concern. With maximum spending there must be optimum taxation to remove excess discretionary income from the economy. With a liberal economy and relatively free trade, the distribution of income and wealth in the population will be top heavy. For efficient taxation of discretionary income, such a distribution requires steeply progressive federal income and estate tax brackets with no taxation of non-discretionary income and wealth. Because of “tax bracket creep”, progressive tax brackets provide negative feedback, smoothing fluctuations in the money supply and its effects on the economy.
Spending on infrastructure must be matched by spending on people. Until our munitions industry and armed forces are completely robotic, wars will be waged by people in the line of fire and those behind it. And they will be waged more successfully when our population is well-educated and healthy. Accordingly, there is no rational reason to require individuals to pay for their education or for their healthcare
.. There is every rational reason to provide expense-paid education for all at all levels of learning. Likewise, there should be free healthcare for all, including free nurseries, day-care, and pre-K for parents with such a need.
To fulfill the aims stated in the Preamble to our Constitution, Congress must order the physical structures and personnel required for these services. In effect, Congress should pay the people to provide the nation’s infrastructure and to provide both the best-educated and healthiest workforce and the world’s best military force. No other course can achieve the goals set for us by our Founders. And only the nation’s voters can make Congress do its duty!
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