What nobody bothers considering troubles the whole world of money and economics. 1988 Nobel Laureate in economics Maurice Allais proved simply that with more people in the world, governments have to print more money.
It simply makes no sense that somebody has to prove that. In light of the 1975 Nations Economic Conference in Spain attended for the United States by U. S. President Gerald Ford, the six top developed countries agreed they were "mutually interdependent" in the sphere of the international economy and thereby brought to a close the idea of a world bank based upon the standard price of gold. Or, that they ended the gold standard and gave rise to the need for international cooperation; that which we have now, a system of ratio balance between nations.
The flaw in this economic change begins and ends with conservative thinking along the lines of financial tendencies and not rules of economics. Finance and economics are not at all the same thing.
A conservative mind-set stands against change. Poorly noted is the fact that, after change, conservative politics stands without recognition of the change. When it comes to money in the world, the idea of competition continues ignorance of inter-active economics, which improves the value of money in the flow for everybody. The whole world is failing economically simply because governments -- all of which issue their money differently -- stand on faulty, frugal measures that dictate "If we spend less money, the better off the country will be."
Unfortunately, government spending is how the countries get their financial rewards. The answer is in the ratio.
Government spending based on income verses Government Issue of more monetary aggregate has to do with two major needs within nations of people. The first is health and the second is education. Both need economic bolstering -- more government influx or spending -- as they both add to the income apportionment and feed the knowledgeable appropriation. One primary example is the government and economy of Brazil.
Previously the argument for equal taxes for all income levels was challenged due to this new understanding that the shift in wealth shifts responsibility. That means when John earns more money than Joe, those working for Joe now depend on the taxes from John. Therefore, on incomes over $250,000 a year, more responsible contributions or a greater tax burden falls upon the one who gains from the shift in wealth. Otherwise the sequestered money falls out of circulation and fewer people within an ever growing population have the opportunity to earn and contribute to the apportionment. The result of lower taxes for the rich creates a gap or what is seen as a government deficit.
When more people can earn money through necessary programs, that means programs which mandate the spending of taxable income on services and disposable materials like health care; and with emphasis on services like with education; the deficit as well as unemployment fall. The nation becomes healthier.
The division at $250,000, which divides the monetary aggregate from M3 to M4, is that after cash (M1) and savings accounts under $250,000 (M2), the next "dollar" amount, or M3, represents money that you have to work for; and with regard to M4 (over $250,000) or money contained in instruments other than cash is money that works for you.
Mr. Trump owes the banks for his developments, employees, service and materials that keep the banks alive. The banks do not own Mr. Trump, he owns the banks. Similarly, China does not own U.S. currency. The joke is, "The Americans now work for us," as stated by a Chinese executive; but the punch line is not "ha, ha, ha", but "and they get paid in US dollars." We defeated communism not with a war of destruction. We bought them into a capitalist world with our own US dollars and now they have something with which to pay us for the service.
The national debt is a burden on our future generations to work and earn. It has become a goal and not a burden, as our great nation is an inter-national contributor to global responsibility as are all the nations on this planet.
In a nation of a growing population, and that means the globe, more workers must contribute for economic and psychological responsibility -- "I pay my taxes, I get to say what's what!" And if those of us who have money working for us, incomes of more than M3 ($250,000), recognize that those workers contribute or need their contribution to the apportionment of government monetary responsibility, they should pay a greater proportion of the income tax.
When an ignorant Congress in the United States, as a responsible government, refuses to pass the laws necessary under the 19th, 20th and 21st Amendments to the Constitution of the United States, we fail to recognize the change as responsible for the international economy and international cooperation among developed nations.