Auburn News Correction
Thursday / July 10 2008
It
quotes me as saying I want to "lower the cost of
income." This, of course, makes no sense.
AUBURN
NEWS CORRECTION
There was an article in the Auburn News about my
campaign yesterday. It quotes me as saying I want to
"lower the cost of income." This, of course, makes no
sense. What it is supposed to say is that I want to
"lower the cost of living."
Taxes, profits and interest rates (paid or collected)
all combine to create inflation and raise the cost of
living. Zero is a fixed point. As numbers get bigger,
we get father away from zero. Zero is a state of
perfect balance, where everyone has what they need, and
not too much or too little. (A renaissance occurs when
society is in balance because time is not linked to
money.) As we get farther away from zero, income is
always chasing the cost of living, but it can never
catch up, which is why there are perpetual budget
crises, it costs too much to do it right, etc.
The Federal Deficit is a huge "non-zero," which is the
"prime imbalance" in our economic universe.
In a world where everyone is trying to make numbers
bigger, I am saying the solution is to make the numbers
smaller. ALL THREE NUMBERS, not just one of them, which
is what most people proclaim. Raising taxes to cut
"windfall" profits is as silly as cutting taxes to
raise profits.
Mathematically it is the same event; one number goes up
and another number goes down.
Rather than "buy low-sell high" we need to "buy
low-sell low." That way goods and services move, but
without creating inflation (and imbalances) in the
process.
If you lower the cost of living, then you raise the
standard of living.