http://www.wordle.net/show/wrdl/5564815/Mosler

See where you screwed up Y, BLAH is the most prevalanet word in the word cloud :( I never sah Blah, but the other words are probably appropriate ;)

But if we link to warren’s main site:

http://www.wordle.net/show/wrdl/5564826/Mosler2

GDP, Growth, and Deficits become the most prevalanet word

And if we link to the Grandfather of MMT talking about Lincoln being the greatest MMTer eva!:

http://www.heritech.com/ymagchy/mcgeer/conq_05.html

http://www.wordle.net/show/wrdl/5564843/Mosler3
We get Lincoln, Money, Currency, Government

Y what a great idea! Word clouds are fun! ;)

tick tock tick tock, low taxes in the vigin islands, Bernie Sanders, class war, trillions in offshore accounts, warren mosler, too much power, the rich, finance, derivatives, warren mosler in the virgin islands, low taxes, class war, catastrophe, war, blah blah blah blah blah, etc.

See, I can make completely incoherent, meaningless statements too. It’s actually quite easy.

Unfortunately such programs put on by schools, to attract paying students (granted, a few scholarships too) have negligible impact on the mass of actual decision makers and their institutional momentum.

There’s more REAL innovation going on in actual town councils distributed around the country. If Warren or similar people ever actually get into Congress or adminstration in a territory, a state or DC, you’ll see more impact.

It’s always easy to find some things to complain about. Instead of complaining, lets meet & see what REAL impact we can actually help implement. If it were easy, you, I or Warren would have been president/dictator/martyr years ago.

“I don’t hold it against anyone who wants to legally reduce their tax liability”

I don’t either, I used to maximize every strategy I could myself, but as kapoor said in the links, and even the new dodd-frank exceptions, the work of many honest well intentioned “actors” trying to maximize tax strategies is having an effect that has now possibly pushed 100 million people in developing countries into death and starvation.

Notice from the article, warren and a few others coming in pulled the island out of debts, many hundreds of millions in dollars, but that is resources that were not in other more “needy” economies perhaps? That is one of the arguements kapoor is making, 500 billion a year in resources not going to needy people that otherwise would, that is serious money just because of complexity and bad system design.

The video with the author of the bank secrecy book talking about french families and their trusts, I am sure many of those families feel like they are upright moral positive forces in thier community and good people in this world. However thier collective actions at the macro level is hurting other human beings. As Erickson says, the system needs constant adjusment, it moves faster than it can serve the majority. Greenspan and others engineered this modern monster, saying let the sheeple regulate themselves. Now many real children and humans over the world are dying from this policy.

so there

;)

“Let me ask you the question I asked Y, was moving to the USVI and those 3% tax rates something warren does out of the goodness of his heart to help a few islanders find a job, or is he maybe more of the “problem” that bernie sanders talks about with people who just want MORE tax breaks?”

Good question and frankly I don’t know the inside story, but I do know that Warren is well liked on the Island and I have been told that he is a big supporter of local charities. That said, here’s Bloomberg’s take on it.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=avwOz7YrGJLU&refer=home

Oh and BTW, I am one part MMT, one part Supply Side and one part Austrian, although not necessarily in equal parts, if you can figure that one out. With that perspective in mind, I don’t hold it against anyone who wants to legally reduce their tax liability and all three of these political economic disciplines can find common ground on reducing taxes.

http://www.youtube.com/watch?v=-6aa4Ps21Xg

They are reaching out to you Erickson to join them:

http://www.learnglobal.net/en/about/

Warren personally is some of the people that Bernie Sanders is probably talking about, getting 3% tax rates. However even bernie sanders says not all people like warren are evil, just most.

Let me ask you the question I asked Y, was moving to the USVI and those 3% tax rates something warren does out of the goodness of his heart to help a few islanders find a job, or is he maybe more of the “problem” that bernie sanders talks about with people who just want MORE tax breaks?

Monica and Neil up above are already critical of the rube goldberg machinations going on that keep many of our brightest minds doing really useless stuff.

Here I will ask you one simple question to cut through all your confusions, do you think warren mosler moved to the USVI to help 10 USVI islanders get a job? Or was it to enrich himself through 3% tax rates? I already asked you that once, please answer. Why are you dodging the question Y?

http://www.youtube.com/watch?v=cAe7SaCAA7Q 30 Trillion in a new report Y, that is more than the combined GDP of the USA AND Japan. That is some serious money Y, even for people easily confused ;)

I think we may not be talking about the same thing, but conceptually anyone can hedge their exposure to rising tax rates. All that is required is to have someone market and sell the product to Joe six pack, your average dentist or your run of the mill business executive. Apart from hedging gains to offset rising tax liabilities, it may also be profitable to engage in this type of transaction even if tax rates don’t go up because last I checked there was a fairly robust positive carry out on the forward rates curve.