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Effective Supply

The fourth chapter of Organic Wealth is the longest chapter and could have been expanded to become a book all on its own.

Unlimited Wealth

I wrote in my previous article that we can define wealth as the saved monetary value from meeting demand.

Even the stocks you own that appreciate in value fit this description. Stock prices primarily go up when a company is meeting demand and has increased its earnings (unconsumed income). For the shareholder, the profit could be distributed or reinvested in the company to increase revenues. Either way, the increase in wealth for the shareholder represents the saved monetary value from meeting demand.

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Equal Transactions

The previous article, Wealth is Created, leads us perfectly to this post. Some of the ideas in this article are from chapter two of Organic Wealth fittingly entitled, Equal Transactions. I’m not going to give away all the gold here; there’s much more that’s left out of this article. But please keep reading for enough nuggets for some mind blowing revelation.

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Wealth is Created

Organic Wealth takes you on a journey. It begins with how wealth is created in capitalism and finishes with how wealth is destroyed in socialism. The winding road between them makes the drive both enlightening and inspiring. You’ll agree that it’s worth the ever changing scenery.

The Obstacle to the Wealth Tax

Wealth tax advocates will be attacking the Supreme Court’s 1895 Pollock opinion which maintains that a tax on property is a direct tax.

They have to do so if they want to enact a wealth tax because for the last one and a quarter century, Pollock has protected Americans’ private property from government mobsters.

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The Wealth Tax is Unconstitutional

Despite what you may have heard, a federal wealth tax would be defeated at the U.S. Supreme Court. Such a tax is a way of taking accumulated wealth from those who have too much as determined by government policy makers.

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Effective Supply - The Real Key

It’s no wonder that voodoo is no longer being used as a smokescreen. In 2017, when the tax reform package was being hashed out, the Democrats were disparaging the legislation, calling it, “tax cuts for the rich” or “trickled down economics” and of course, “voodoo economics.”

New York Gets Prime Deal

Corporate welfare is receiving a bad rap as Amazon chooses Virginia and New York to split its second world headquarters. New York has promised more than $1.5 billion in incentives to attract Amazon’s 25,000 tech jobs to Long Island City. This is an excellent deal for NYC and NYS. All the critics must just be jealous because their city lost in the bidding war. Those within New York that are scoffing need to stop listening to the likes of Alexandria Ocasio-Cortez and television pundits and consider the boon that’s coming their way.

The Nuance of 'Subject to the Jurisdiction'

I watched Judge Andrew Napolitano on the Fox Business Network talk about the jurisdiction clause in the 14th Amendment, specifically, “subject to the jurisdiction thereof.”

He made the point, as I did in my previous post, that one group of people that this applies to are foreign diplomats. He disagrees with the contention that it should apply to illegal immigrants too.

The point he made was that illegal immigrants are indeed subject to the laws of the country. If an illegal robs a bank and gets caught, he will be arrested and prosecuted. Therefore, the Judge concludes, they’re subject to the jurisdiction of the United States.

Birthright Citizenship

President Trump may attempt to challenge the traditional view that constitutionally anyone born on U.S. soil automatically becomes a citizen. A sort of birthright based solely on territory of birthplace.

The outrage from the left wing media and their legal scholars who claim Donald Trump is taking a wrecking ball to the constitution are once again choosing not to be thoughtful about an issue, a.k.a. “being purveyors of fake news”. It’s their complete partisan, hair on fire, rhetoric that completely deceives and gins up the mobs in waiting.