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Frederick Miles
The Hill
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Comments by "Frederick Miles" (@frederickmiles8815) on "Panel: FBI INVESTIGATING Major Susan Collins Donor For Illegal Contributions" video.
Alvarez is spot on - this is how the machine works; just messier and more lazy.
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@susancollins9081 Hey Susan I would some friends in DOJ who would love to meet you...and your friends...especially if you can introduce us to Winnie the Pooh.
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@susancollins9081 why does the Senate fail to provide a fiscal model that improves the safety net, eliminating unfunded liabilitiies, while eliminating the federal income tax for 80% of American's? Literally increase payroll to 8.5% and lift the cap (also apply payroll tax to dividends). This allows you to move to a transactional float model (supported by a dedicated TGA) and not a fund model - you can then sell the treasuries in the fund (~2.7 trillion) and use that for real infrastructure (nuclear, solar, grid updates, etc.) and / or deletion of bad debt (like killing consumer medical debt held by hospitals - in support of medicare expansion for specific subsets of the population). You can offset the cost to business caused by increased payroll tax by reducing corporate tax say 15% (and allow for dividends to be considered pre-tax; EBITDA). Also to offset increased payroll tax - turn the first three federal income tax to zero. That creates a sustainable model that funds the safety net going forward while reducing the tax burden for all. Also, helps push collateral into the real economy that is close to collpasing due to a massive collateral crisis - deflation and eventual depression is our future due to your failure to understand the economy that is (monetary / fiscal policy).
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@susancollins9081 and Susan have you ever considered the lack of technology and monetary SME's folks who arent partisan - but actually understand risk associated with digital & fiscal/monetary architecture is the root cause for our inability to systemically improve government services and products - while preventing us to go further into debt? Do the majority of Senators even understand that trapping US treasuries in the Federal government social security trust fund and Fed has starved markets for pristine collateral that caused greater risk talking to jin up leverage / margin? Do you realize QE (MMT lite) has created deflationary pressures that have crushed production and built collateral crisis that is will trigger the depression that the Fed papered over in 2008 and doubled down and sent into overdrive in 2014? I know folks and have worked with the BRT - they dont even understand rudimentary risk associated with monetary and fiscal policy - like the rest of the DC blob they are all silo'd and greedy. I do appreciate your work and Manchin's - this is also why I voted by Biden, but its window dressing until you fix the fiscal / moentary model that underpins the republic.
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@susancollins9081 I agree - tying to reconcilliation is a fools errand - but the bill is window dressing and does not actually fix the systemic rot that is our broken monetary, fiscal, and safety net model. If you dont fix that we are on our way to a global depression, followed by WW3 - history rhymes like that. I dont think the Senate and House realize how close the global economy is to breaking and how close we are to losing reserve currency status.
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@susancollins9081 It isnt though - and honeslty none of you understand technology, economics, or energy requirements enough to build subsidies to rebuild American manufacturing. Instead its block grant give aways to cities, states, and private equity. What you should was state we will reward contracts for hydro dams, nuclear plants, solar grids, semi-conductor manufacturing, etc. What you did wasnt much and super wasteful but it is better than nothing. You dont understand the requirements and therefore you arent well equipped to design or build the capability. And nothing you did will solve for the coming collateral crisis that is about to devastate the global economy.
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