Dec.11, 2014:   The House spending bill includes Reaganite riders that significantly increase freedom for predators to scam or to bribe. One weakens regulations on derivatives,  the other increases donor campaign spending limits by hundreds of thousands.  Closet Reaganites Obama and Harry Reid are urging House Democrats to vote for the bill.  It should be opposed until those riders are removed.

Dec. 12, 2014:   It wasn't;   -- Washington's fealty to its mega-rich funders continues.

Feb.  2016:   Proselytizing  'fundamentalists'  from  every  religion  have  something  very  dangerous  in  common ;   --  an  egomaniacal  certainty  that  they  know  "the  will  of  God".   Consequently  freedom  of  religion  must  also  mean  freedom  from  religion.

March 2016:    We  Democrats  must  face  reality.  Obama  fooled  us;  - he  was  in  fact  a  "new Democrat" owned  by  the  oligarchs.   Want  proof?   His  choice  of  Rubin  and  Summers,  his 'justice'  department's  failure  to  prosecute  the  banksters,   the  American  Taxpayer  Relief  Act  of  2012  ( spearheaded  by  his  VP  Joe Biden )  which  gave  the  mega-rich  a  three  trillion  dollar  estate  tax  cut,   and  the  TPP.    Bill  Clinton,  the  first  "new Democrat",  was  no  better;  --  he  gave  us  NAFTA,   capital  gains  tax  cuts,  repeal  of  Glass-Steagall,  and  the  Commodities  Futures  Modernization  Act  which  deregulated  derivatives.    Bernie  Sanders  is  trying  to  give  us  the  first  real  Democrat  president  in  35 years;   -  are  we  foolish  enough  to  nominate  Hillary,   another  predator  owned  "new Democrat",   instead ??

March   2016:   Why  am  I  running  for  Congress  at  my  age  on  this  platform ?  --  because  someone  should  run  on  it  in  the  Mass. 6th  ( and  everywhere  else  in  our  country ) .

 April  2016:    Reaganites  believe  that  the  parasites  are  the  successful  ( dangerous )  takers;  Lincolnites  believe  that  the  predators  are  the  successful  ( dangerous )  takers.   The  richest of  our  richest  1%  have  a  combined  net  worth  of  20  trillion  dollars,   and  the  bottom  40%  have  a  combined  net  worth  of  nothing;    --  So  which  side  is  right ?

April  2016:     "  they  see  things  as  they  are  through  thousands  of  millions  of  dollars,  and  that  is  a  pretty  thick  coating.   This  immense  pecuniary  interest  has  its  influence  upon  their  minds. "   --  Abraham  Lincoln
Republicans  and  "new Democrats"  say  the  "big-money"  they  take  does  not  influence  them;    --  history  and  logic  say  otherwise. 

April  2016:   In  every  society  throughout  history  there  have been  three classes  of human behavior;   the predatory,  the productive,  and the parasitic.   The primary  economic activity  of  predators  is  always  wealth acquisition,   — they are  "the takers”. 
     America's  mega-rich,  less than  1% of us,  now  have  a combined  net worth  of over twenty trillion  dollars,  and the  bottom  40%  (  which  obviously  includes  the  parasites  )  have  a combined  net  worth  of  Nothing.   Why??    Because  the  free trade,  regressive tax  policies of  bribed  lawmakers from  both  political  parties  have been  redistributing  wealth  from our producers  to our predators  for decades.
     Fact:  Money doesn’t  speak;  it  Buys.   If  We the Voters  don’t stop nominating   “big-money” candidates  ( like Seth and Hillary )  in our primaries  America  will remain  the world’s largest free trading,  flat taxing,  oligarchic socialist  banana republic.
     What is  oligarchic socialism?   The government,  media,  and means of production  all controlled by  a mega-rich  predator class.



Pat and John Gutta

        Labor was the first price,   the  original  purchase-money   that  was  paid  for  all things.  It was  not  by gold  or by silver,  but  by labor,  that  all the wealth  of the world   was  originally  purchased. "

(  Note:  This is an argument for a  labor based  economy.  )

      "  Money,  no  doubt,  makes  always  a  part  of  the  national  capital,  but  it  makes  always  the  most  unprofitable  part  of  it.   The  great  wheel  of  circulation  [ money ]  is  altogether  different  from  the  goods  that  are  circulated  by  means  of  it. "

(  Note:  This is an argument for a  publicly owned  currency. )

     " By  preferring  the  support  of  domestic  to  that  of  foreign  industry,   he  [ a busi-

nessman ] intends only his own security;  and by directing that  [ domestic ] industry in such a manner as its produce may be of greatest value,  he intends only his own gain,  and   he  is  in  this  led  by  an  invisible  hand  to  promote  an  end   [ the  good  of  his country ]  which  was  no part  of  his  intention." 

      " By means of glasses,  hotbeds,  and hotwalls  [ heated greenhouses ],  very good grapes can be raised in Scotland,  and very good wine too can be made of them  -- at about thirty times the expense for which equally good wine can be brought from abroad.  Would it be a reasonable law  to prohibit the importation of  all foreign wines? "

  (  Note:  Adam Smith is  arguing for domestic  manufacturing and  natural  advantage;

not  Reaganite  outsourcing  for  slave  wage  advantage.  )

    " The ultimate object [ of Capitalism ] is to enrich the country by an advantageous balance of trade. It discourages the export of the materials of manufacture [ natural resources ],  and of the instruments of trade  [ machinery and factories ],  in order to give our own workmen an advantage.   It encourages the importation of the materials of manufacture,  in order that our own people may work them up more cheaply,  and thereby prevent a greater and more valuable importation of the manufactured commodities."  

( Note:  Read this statement by Adam Smith again carefully and you will see that the Reaganites have us doing  exactly  the  opposite.   The effects?  ---  high domestic unemployment,  depressed producing class wages,  trade deficits,  and soaring profits for our predator class.  )

     " In reality high profits tend much more to raise the price of work than high wages. The rate of profit of merchants and master manufacturers is naturally low in rich,  and high in poor countries,  and it is always highest in the countries which are going fastest to ruin."  

( Note:  This is an argument for Jeffersonian progressive taxation.  Thanks to the Reaganites' flat tax rates and outsourcing the aggregate profit of our predator class is now over twenty trillion  dollars,   and  we  are  on  the road  to ruin.  )

      " A man [ adult ] must always live by his work, and his wages must be at least sufficient to maintain him. They must even upon most occasions be somewhat more; otherwise it would be impossible for him  to bring up a family." 

(  Note:  This is an argument for a minimum wage that will support a family.  Which should be offset by tax relief and/or subsidized apprenticeship programs for small business  owners.  )

      " Whenever the legislature attempts to regulate the differences between masters and their workmen,  its counselors are always the masters.  [ Beware the laws ] which the clamour of our merchants and manufacturers have extorted [ bought ] from the legislature  for the support  of their own absurd  and oppressive monopolies;   Like  the laws  of Draco,  these laws  may be said to be  all written in blood." 

 (  Note:   This  is  an  argument  for  publicly  supported  lawmakers.  )

     " The proposal of any new law or regulation of commerce which comes from this order [ merchants and master manufacturers ] ought never to be adopted till carefully examined with the most suspicious attention.  It comes from an order of men who have an interest to deceive and oppress the public, and who accordingly have, upon many occasions,  both deceived and  oppressed it."

(  Note:  This is an argument for  fair enterprise.   Study  the  philosophy  of  business school 'superstars' who are bribing lawmakers from both parties with campaign  contributions  and/or  promises of  retirement  jobs  worth  millions;  --  anything  legal   goes,   profits  first,   products  second,   the  environment  and  people  last. )


     " Every man,  so long as he does not violate the laws of justice,  is left perfectly free to pursue his own interest in his own way."

(  Note:  This  is  Adam Smith's  declaration  for  liberty and economic justice !!   )

Clearly, Adam Smith would have wanted a "democratic socialist" ( closet Capitalist ) like Bernie Sanders  in the White House,  and  a  lot  fewer new Democrats  and Republicans  (  oligarchic socialists  )  in  Congress.   "We the People"  should  too.



This book uses historical writings and events to show why we must replace the predatory money based Oligarchic Socialism that Ronald Reagan gave us with the productive labor based policies of classical ( real ) Capitalism prescribed by rational men  - Adam Smith, Lincoln, Locke and Jefferson among them.  Those Capitalist policies include the following:

1.  tariffs on products made by slave wage labor abroad, and

      a living minimum wage at home

2.   Jeffersonian geometrically progressive taxes on estates

       and all forms of personal income

3.   federal regulations that promote fair enterprise

4.   a publicly owned national currency

5.   publicly supported federal lawmakers

The book also shows how these Capitalist policies would create tens of millions of jobs, finance care for our disabled, sick and elderly; restore our infrastructure and environment, eliminate our national debt, and ensure life supporting after-tax incomes for all.

( Note: Amazon sells it with a one dollar royalty to me. )
John Gutta for Congress

P.S.    What  can  you  do  to  end  plutocracy  and  Reaganism  in  America?    You  can  help  a  real  democratic  candidate  for  real  Capitalism  win  an  election,    or  even  become  one  yourself.   How?    Consider the  following:

       The  five  core  policies  of  real  Capitalism   ---  printed  on  a  sign  as  they  appear  to  the  right  of  the  picture  of  my  book  above,  and  my  $5  contribution  limit  were  so  popular  that  I  was  personally   able  to  collect  2600  signatures  to  get  my  name  on  the  2014  ballot  for  a  U.S.  House  seat.  (  even  registered  Republicans   were  asking  permission  to  sign  in  support  )

         And so,  using  that  platform,  a  few people  could collect the 13,000  raw  signatures  needed  to get a  real  democrat  on  the ballot  for a  U.S.  Senate  seat.

        The  rest  of  a  democratic  campaign  is  even  easier:   Set  up  a  website  promoting  real  Capitalism,   ask  people  to  read  it,   to  recommend  it  to  others,  and  to  vote   --  particularly  in the  primaries!

           If  enough of  us  choose  to  actively  support  such  campaigns   all  over  our  country ,   and  to  reject  all  candidates  running  "big-money"  campaigns ,  the  plutocratic  predator  class   can't   retain  control  of  our  government.  

2014  primary  post-mortem:     Logic  is  uncommon  sense.   Mass  6th  democrats  had  five  choices  in  their  2014  primary  and  they  picked  Seth  Moulton,  --  the  most  plutocratic !     (  almost  80%  of  his  record-setting  campaign  contributions  came  from  members  of  the  financial  services  community.  )

  " A man must always live by his work,  and his wages must be at least sufficient to maintain him.  They must even upon most occasions be somewhat more;  otherwise it would be impossible for him to bring up a family. "  -- Adam Smith in  Wealth of Nations


    Every American can't be a college educated genius as the weak minded now in Washington propose.  Every society has people with a wide range of abilities, and people of all abilities need living wage jobs.  Our domestic economy must provide those jobs once again.   And it very easily  can.   Consider the following :

      We now import over a trillion dollars worth of computers, cell phones, TV's, toys, furniture, appliances, tools, clothes, and car parts annually from countries like China, Mexico, Indonesia, and India;  -- corrupt Third World nations where tens of millions are kept desperately poor so that they must accept less than $4000 a year and work 70 hours a week just to survive like animals in polluted slums or crowded barracks.

         Do some arithmetic;  -- one trillion dollars worth of Third World imports divided by 14 million workers equals a little over $70,000 a worker.

       So; if we restored tariffs on slave wage nations and saved a trillion dollars by making products we now import,  we would create 14 million manufacturing jobs worth $70,000 a year,  eliminate our 500 billion dollar trade deficit,  and have 500 billion left to buy all of the oil we need  (  not want  -- climate change is real  )  at a fair market price;  -- making expensive military occupations that invite terrorism  unnecessary.   We could even afford enough oil  ( a  nonrenewable national  resource )  to put some   back  in the ground  for future  generations.

( Note:  Because  the  World  Trade  Organization  mandates  permanent  most  favored  nation  status [ MFN ]  for all of its members,  we should withdraw from the WTO.   But in 2000,  our Congress voted to remain in the WTO. The result? A massive increase in outsourcing to "most favored" slave wage  members  like  China,  Mexico,  Indonesia,  and  India. ) 

Fact:  The  Reaganites'  global  plantation  economy  benefited  corporations  far  more  than  it  did  American  consumers.   The  profits  of  the  S&P  500  are  up  over  900%  since  the  1980's  in large  part  because  their  global  labor  costs  fell  while  our  CPI  continued  to  rise.


Over 2500 years ago a Greek named Aesop told a story about a lion,  -- the king of the beasts :

       " A lion and other animals formed a corporation to provide food.  The fox made the plans;  the birds found the food;  the dogs tracked it down;  the wolves dispatched it;  the oxen carried it back;  and the lion divided it. 

       After he divided it the lion took one share of the meat for himself because he was their leader,  and he took the rest because he was the king of the beasts.  The sinews and bones were all that he left. "

     The wisdom of this ancient fable still applies today.  Those at the top of a corporation decide the value of every member's contribution; including their own. ( through interlocking boards of directors)   And,  like Aesop's predatory lion,  they usually decide that they  'earned' and should get a lion's share of the profits.  ( through some combination of salary,  bonuses,  stock grants,  and stock options ) 


      The  only  remedy  is  effective  Jeffersonian  progressive  taxation ;  ---

 "legislators  cannot  invent  too  many  devices  for  subdividing  property . . exempt  all from taxation below a certain point, and tax the higher portions of property in geometrical  progression  as  they  rise."   --  Thomas  Jefferson

​Note:  "Exempt  all  below  a  certain  point"  means  no  federal  taxes  of  any  kind  ( including  payroll  taxes )   on  the  first  $40,000  of  household  income,   or  the  first  $10  million  of  estates.  

Why ?  -  Because  the  primary  purpose  of  taxation  in  a  Capitalist  society  is  to  recover  wealth  unfairly  acquired   by   predators  (  "the takers" )  and  return  it  to  the  producers  ( "the makers" ). 

How  equal  should  we  be ?    - history  ( and  logic )  suggest  that  the  richest  households  should  have  no  more  than  twenty  times  the  average  wealth  of  all  households.








What is  Fair  enterprise ? 

       Take a plane ride at night,  very high,  anywhere in the world,  and look down;  you will see points of light everywhere,  - marking buildings and industries,  outlining the roads, and flooding the cities. Those points of light are High Pressure Sodium lamps.  There are billions of them lighting the world today.
       I was hired right out of college in 1966 by GE's Dr. Kurt Schmidt,  the holder of the original patent on HPS lamps granted to him that very year - 1966.  Dr. Schmidt was paid less than 100 dollars for that patent.  

       Burning behind his desk during my job interview was one of the first HPS lamps ever made.  Lamps of that design failed in a few weeks,  - they were useless.   And so for the next 20 years Dr. Schmidt,  I,  and thousands of other engineers and co-workers from corporations at home and abroad worked to improve HPS lamps,  building on each others' ideas,  many of us receiving a number of patents of our own,  until almost all HPS lamps would burn at least six years.
      None of us were paid more than a few hundred dollars for any of our patents;  but by saving from our salaries most of us were able to accumulate hundreds of thousands in wealth,  some of us millions during our careers,  and the CEO’s of our companies tens of millions.  As a result of this generous but reasonable  compensation, HPS lamps could be and were produced in America by workers paid a living  wage of  $10  an  hour,  and  sold  at  a 15%  profit.   That  was  Fair  enterprise  ( Capitalism ).

    Now  consider a  few  examples  of  Free  enterprise  ( Reaganism ):

  --- like corporate raiders,  spawned by Wall Street in the 1980's,  who buy asset rich companies, and then recover the purchase price and extract great profits for themselves by issuing debt against the assets of the companies;  --  the  debt of  course  to  be  repaid  by  layoffs,   wage  and benefit cuts,  and harder work for the remaining employees.  If the companies fail and everyone loses their jobs,  so what;  - the predators already have their money.   What do these predators produce ?  -- Nothing

 ---  or like the savings and loan CEO's of the 1980's,  who ( after Reagan foolishly deregulated S&L's and gave them FDIC protection against loss ) used FDIC insured money to give fraudulent loans to swindlers building imaginary homes and malls in deserts,  and  to give themselves tens of millions in compensation packages.  What did these predators produce ?  --- Nothing

 ---  or like the "investment" bankers of the last decade,  deregulated by Reaganites and guided by Goldman Sachs,  who knowingly  financed and packaged tens of thousands of designed to fail  jumbo NINJA home loans into tens of billions worth of designed to fail Mortgage Backed Securities and fraudulently sold them all over the world;  - but not before they bought a law  ( the CFMA of 2000 ) which allowed them to create the derivatives they needed to place tens of billions in bets that those  securities  would  fail.    What  did  these  predators  contribute  to  the  economy ?   --- Nothing

 --- or like the hedge fund market manipulators of today, most of them now working directly with government insured banks since the repeal of the Glass--Steagall Act, who are using the large pools of depositors' money now available to them to buy futures contracts on stocks or commodities ( place bets on the direction of short term prices ), and then buy or short sell just enough of the stocks or commodities  to collect on their bets.   What  are  these  predators  contributing  to  our  economy ?    --- Nothing

 --- or like that sweet old man in Omaha,  Warren Buffett,  who spent most of his life eating hamburgers,  drinking Coke,  and talking on the phone with his investment bankers at Goldman Sachs.  Did Warren Buffett  produce  the fifty billion dollars worth of wealth that he now owns by his labor,  or did he take it  from the producing class  with the help of  Goldman Sachs ?   --  There is only one  rational  answer to that question.

All  of these free enterprise activities should be forbidden by law or penalized by progressive taxation,  and before the Reaganites took control of our government all of them were.  Bribed Reaganite lawmakers  (  from  both  political  parties  )  turned  our  "shining  city  on  a  hill"  into  a  swamp  and  the  scum  rose  to  the  top. 

   But what about 'productive' men like 'the great' Steve Jobs ??   Until he moved their factories to China  in 2002  Apple's stock  was worth  only $7 a share;  -  Chinese  ($1.40/hr)  slaves  made him  a billionaire.

    How  do corporate looters like Jobs get so much stock ?  They issue company stock that should all  be sold to  finance company operations   --  but keep most of the stock for themselves.

     How   do they keep  so much  of their loot ?   They  buy  flat tax rates  from lawmakers.

Fact:  Laws can  always make wrong legal,  but they can  never make wrong right.  There  never was and there  never will be a  fair  way to "make" a great fortune.

And that is why,  as Jesus said;  -- "It is easier for a camel to go through the eye of a needle  than for a rich man to enter the kingdom of God."

​​​​I am a democratic candidate for Congress from the 6th District of Massachusetts,  -  and so,  unlike "new Democrats",  I don't want money,  I want time.  Please take the time to read this website carefully;  Particularly the historical arguments against Oligarchic Socialism,  and for the five core policies of classical ( Real ) Capitalism  -  all  five  of which have been opposed by a majority of lawmakers from  both  political parties for the last 30 years.  ( Why?  --  Bribery !! )     Fact:  The responsibility is ours;  --  If We the Voters reject  all "big-money" candidates in our primaries the oligarchs  can't retain control of our government.





   The Historical argument for Laws establishing economic Justice

       " A nation may be said to consist of its territory, its people, and its laws. "

                                                                                              ---  Abraham Lincoln

       America's territory is one of the richest on earth in climate and natural resources.  Our people have a range of abilities equal to any other.  And so,  by process of elimination,  our  laws  must be the cause of our sick economy.  This  is  good  news.  Territories and  people  are  hard to change.  Laws can be changed with a pen and paper;  -- and the goal of  the laws  must be  justice.

        " Do unto others as you would have them do unto you !! "

    This Biblical mandate for justice,  common to all major religions, became  the  American  Dream;   -- " one nation,  under God,  indivisible,  with  liberty  and   justice  for  all. "

      Why justice?  -- and  why not  freedom?  Ask yourself a question;  -- Was the American Revolution fought to make us free to be as unfair as  England,   or to end  the freedom  of  England  to be unfair?

       The answer is obvious:  The American Revolution was not a war for  freedom,  it was a war against  injustice.  We were a resource rich foreign territory being economically raped by England.  (  a fact that American advocates for military occupations of oil rich foreign territories conveniently forget  )

     But to establish justice for all,  laws must limit the freedom of all.  Why?   Again the  answer is  obvious:  Look at  the  people around  you;  - 

are any two of us equal in  strength,  intelligence,  ambitions,  empathy and  morality?

       Of course not!  -- no two humans ever were equal,  and no two humans ever will  be.

       Because  humans are not equal,  they  cannot  be free,  and  justice  must be the  first and  highest priority of  governments.

​    This self-evident, timeless truth was noted by many great men of history;   ---

       " Human nature will not change.  In any future great national trial,  compared with the men of this,  we shall have as weak and as strong,  as silly and as wise,  as bad and as good .  .  if all men were just,  there still would be some,  but not so much, need of government. "  ---  Abraham Lincoln

     " Still one thing more fellow citizens   -- a wise and frugal government, which shall restrain men from injuring one another,  which shall leave them otherwise free to regulate their own pursuits of industry and improvement,  and shall not take from the mouth of labor the bread it has earned."  --- Thomas Jefferson

     " Every man,  so long as he does not violate the laws of justice,  is left perfectly free to pursue his own interest in his own way."  --  Adam Smith in Wealth of Nations

    " Society is produced by our wants and government by our wickedness;  Were the impulses of conscience clear,  uniform,  and irresistibly obeyed,  man would need no other lawgiver.  Government,  like dress,  is the badge  of lost innocence. "   --- Thomas Paine in Common Sense

       Putting  these  flowery  arguments  in  blunt,  modern  language;  There will  always  be  some  who  are  strong  but  unfair;   some  who  are  smart  but  unfair;   and  so  governments  are  necessary  to  see  that  no  one  is  free  to  rob  others  by  force  --  the  power  of  a  superior  body,   or  to  cheat  others  by  fraud   --  the  power  of  a  superior  mind. 

       What then,  is the meaning of the word  "liberty" in our pledge of Allegiance and the Preamble to our Constitution?   Abraham Lincoln answered;   ---

        " The world has never had a good definition of the word liberty,  and the American people just now,  are much in need of one.  We all declare for liberty;  but in using the word we do not all mean the same thing. With some the word liberty may mean for each man to do as he pleases with himself,  and the product of his labor,  while with others the same word may mean for some men to do as they please with other men,   and the product of other men's labor.  Here are two,  not only different,  but incompatible things,  called by the same name,  liberty.  And it follows that each of the things is,  by the respective parties,  called by  two different  and  incompatible  names   --  liberty  and  tyranny. "

       The messages from our past are clear:  liberty is not a right to be  free;  it is an obligation  to be  fair.

       Please stop right now!!  Go back to the beginning.  Read and reread the historical quotations again.  Think hard on what they are telling us;  -- because in these few quotations are  the essence of a nation,  the nature of mankind,   and the purpose of laws.

​       To my mind,  these quotations present a  self-evident  argument for a political party advocating liberty and economic justice.  And to my mind,  these quotations,  in combination with the quotations in the chapters that follow,  conclusively prove that the platform of that party must include five Capitalist policies;  --  fair trade, Jeffersonian pro-gressive taxation,  fair enterprise,  a publicly owned national currency,  and publicly  supported  federal  lawmakers.

(   Note:   All  five   policies  are  essential ;    but ,  because  of  bribery ,  all five  have been opposed by a  majority  of  lawmakers from both  political  parties   for  the  last  30  years !!   )

      But  mine is  only  one  74  year  old mind,  and  I have  only  one vote.

If liberty and economic justice are to be established in America, a  majority  of  votes  are  needed.

     This need for a majority of votes is good news;  because it tells us that the liberty and justice of Capitalism,  as defined and defended in writing by great leaders of history,  can be established in America without the votes of the millions of TV Newspeak junkies and talk-radio dittoheads  who  won't read  and  think  for  themselves.

      Unfortunately,  in  spite  of  this  good  news,  America  still  has  a  bribed   President  and  Congress  promoting  the  free  trade,  flat  tax  policies  of  Ronald  Reagan !!   Why??  --  because  a  majority  of  us  continue  to  vote  for " big - money " ( predator controlled )  candidates  in  our  primaries.

"Ours  is  a  government  of  laws  and  not  of  men"   wrote  John  Adams.


    It necessarily follows that the quality of our laws is determined by the quality  of  the  humans  that  we  choose   to  write  them.

​   All of which leads to what might be the most important of all self-evident truths;  -- A  government  of  the  people  and  by  the  people  can be  no wiser  than  the  majority  of  the  people. 


    " Government,  possessing the power to create and issue currency and credit as money, and enjoying the right to withdraw currency and credit from circulation by taxation and otherwise,   need not  and  should not   borrow capital  at interest. "   --  Abraham Lincoln

    Which brings us to the greatest predators' scam of them all; - that privately owned corporation, cunningly called the  "Federal" Reserve,  that buys all of our currency from us ( the nation ) for pennies a note,  and then  lends it back to us  ( the nation )  for face value plus interest.

     The proof for this statement is contained in quotations from economics textbooks, primarily those  from pages 237 and 238 of a Federal Reserve bankers' handbook  - "The Federal Reserve System" edited by H.V. Procknow,  vice president of The Federal Reserve Bank of Chicago   -- 

   " All paper currency is in the form of Federal Reserve Notes issued by Federal Reserve Banks. . Federal Reserve Banks are owned by the member banks in their districts. . Federal Reserve Notes are produced at the Bureau of Engraving and Printing in denominations ranging from $1 to $10,000. . The Reserve Banks pay only the cost of producing  their notes, about one cent per note,  no matter what the denomination."  

     So there it is in print for anyone to read;  -- All the currency of America was produced by our government and sold to private bankers for a penny a note no matter what the denomination. The bankers then lent it back to the government,  or to the general public,  for face value plus interest.

     The interest on "their" currency has been compounding since 1913,  and the public now owes the bankers tens of trillions of dollars;  almost all of it unpayable interest charges for the existence of our national currency.

    The producers of that currency,  the printing press operators,  didn't charge our nation trillions of dollars in unpayable interest;   predators who produced  Nothing did.

         To demonstrate that the interest is unpayable,  Lend a dollar to a friend at 5% interest;  -- obviously he can repay you by working for someone else in our nation who pays him the dollar and the interest.

         But now let your friend represent the entire nation including the government,  and the dollar all of the currency;  -- your friend could return your dollar,  but where could he get the interest?   The answer is obvious;  -- there is nowhere he could get it.

     Furthermore,  if he returned the dollar ( the principal ),  there would be no currency left in the nation and almost all economic activity would end.

     The Capitalist remedy??   -- Nationalize  the  Federal Reserve  ( and with it  "their" notes )  to create a publicly owned currency and a central bank that,  through federal deficit spending,   injects all  additional  currency  into  our  economy  principal  and  interest  free  to  the  government   at  a  rate  tied  by  law  to  domestic  wealth  production. 

    The last condition,  tied by law to  domestic wealth production,  is vitally important for two reasons:    First;   --  a nation always devalues its currency when it creates money at a faster rate than the labor of its people  produce wealth at home.

Second;  -- a nation always devalues its currency when it buys more wealth from abroad than the labor of its people  produce and export from home.

      Consequently a Capitalist economy must be domestic labor based;  and a Capitalist nation should produce all of the goods and services that it can at home,  and buy nonrenewable resources ( like oil )  from  abroad.

 Fact:   The  more  We  the  People  work,   the  more  currency  We  will  need,   the  deeper  in  debt  We   will  go  to  the  predators  who  own  the  "Federal" Reserve;   --   consequently  it  must be  nationalized.


      America's predators  ( about 0.3% of us )  now have a combined net worth of over twenty trillion  dollars  and the bottom  40% a combined net worth of Nothing.   Why?  Because the flat tax, slave wage policies of privately owned Reaganite lawmakers from Both political parties have been  "redistributing"  wealth  from  our  producers to  our  predators  for  decades.

( Fact:   The  effects  of  Reaganomics  have  been  entirely  redistributive  because  it  did  not  increase the inflation adjusted rate of GDP growth;  -- Eisenhower years +3%, Kennedy/Johnson  +4.85%,  Nixon/Ford +2.8%,  Carter +3.25%,  Reagan +3.4%,  Bush I +2.2%,  Clinton +3.9%,  Bush II +2.1%,  Obama +1.4%  )

Notes  on  other  Reaganite  myths:

Fact:  The  Reaganites'  global  plantation  economy  benefited  corporations  far   more  than  it  did  American  consumers.   The  profits  of  the  S&P  500  are  up  over  900%  since  the  1980's  in large  part  because  their  global  labor  costs  fell  while  our  CPI  continued  to  rise.

Fact:  Carter's policies did not cause the inflation of the 1970's,  and Reagan's policies did not  end it.  OPEC's tenfold oil price increase beginning in 1973  Nixon was president ]  started the inflation,   and  OPEC"s overproduction  [ the  "oil glut" ]  caused  a  tenfold  oil price  decrease  beginning  in 1981  [Reagan's  first  year ]  that  ended  it. 

Fact:  Reagan  did  not  end  Soviet  style  socialism,  he  adopted  it.   Reaganism,  Plutocratic Mercantilism, and Oligarchic Socialism  all rest on  the same corrupt foundation; --  control  of  both  the  government  and  economy  by  a  mega-rich  predator  class.

Fact:   Businessmen who become mega-rich are not  "the makers".    All  human creations   --  including computers,  their programs,  HPS lamps,  'my' book,  and the pyramids  -- are the product of the labor of millions.  Without that labor we would all be hunter-gatherers  or subsistence  farmers.  ( If  you still  doubt  this,   read  the  essay  "I, Pencil"   written  in  1957 by  a  libertarian   economist.  )

     Addendum (Feb. 2013):  How do policies that favor 1% of Americans become law ??   Bribed  Republicans  and  'Democrats'  collaborate  to  disguise  them.   Consider  the   tricks  they  used  to  sneak  a  three  trillion  dollar   estate  tax  cut  for  the  richest  of the  richest  1%,   past  us: 

     In 2002 a Republican Congress 'temporarily' cut the top marginal estate tax rate from  55% to  50%.  They also dropped the rate to zero for one year,  2010;   -- a cunning  set-up for a  permanent  rate  'increase'  to  far less  than  50%.

      And that  is exactly  what happened.  In Dec. of  2012  a  'Democrat' Senate  wrote  (and Obama signed)  the  American Taxpayer  Relief  Act  which  gave  the 1%  a permanent  40%  estate tax rate,  -- 10%  lower  than the temporary  2002  rate,  and 15% ( three trillion  dollars )  lower  than  the  rate  would  now  be  if our  'Democrat'  Senate  and  President  had  let  the  temporary  2002  Bush  tax  cuts  expire.   (  Note:  That  law  did  let  the  temporary  payroll  tax  cut  for  the  working  poor  expire.  )

    What is the Capitalist alternative to flatter estate taxes?  - In his book "Rights of Man"  Thomas Paine,  a favorite of Jefferson,  suggests a twenty to one wealth ratio between the richest and poorest   producing  families in a society.

       Do some arithmetic;  Our national net worth ( wealth ) is over 50 trillion dollars and we have about  100 million families, - or $500,000 per family.  Twenty times the average family wealth then,  is ten million dollars. 

    So  let's  be  far  more  generous  to  our  rich  than  Paine  suggested;   No  estate  tax  on the first $10 million  ( 20 times the average  wealth per family ),  rising progressively from there to a  top  marginal  rate of  80%  over $50  million.  [  the  pre- Reagan  top  rate  was  77%  over  $10  million  ]     This  top  rate  would  hit  only  the  richest  of  our  richest  1%  and  yield  at   least  16  trillion  dollars,   enough  to  eliminate  our  national   debt  upon  their  demise;   --  and  their  heirs  would   still   be  the  richest  of  the  richest  1%.

     But suppose that our mega-rich decide not to pay,  and they leave America instead?  Under U.S. law  renunciation of citizenship  does not  relieve tax liability,  and tax evasion is a  criminal offense.   If we could catch Bin Laden,  we can catch them.


     In summary,  despite all of our problems,  there really  is  hope;  because the majority  have  the votes  to elect  Lincolnites.  ( think  real  Democrats  )

     What  would Lincolnites do to cure our morally ill  economy ?   Tax estates and income progressively; Eliminate all federal taxes on household income under $40,000 a year;  End outsourcing by restoring tariffs on slave wage nations;  End overseas military occupations and secure our borders;  Eliminate corporate taxes in exchange for a living minimum wage ( at least $15 an hour today ) for all working adults;  Nationalize the Federal Reserve;  and raise the annual revenue that we need to rebuild our infrastructure,  restore the environment,  and provide services for our disabled, sick,  and elderly.

     How  would Lincolnites raise that revenue?  Through Jeffersonian geometrically progressive marginal tax rate increases, starting to rise at $250,000 a year, on any combination of all forms of household income   --- including  stock  grants,  options,  dividends  and  capital  gains.

     Why  any combination of all forms of income ??   To eliminate loopholes that allow massive  theft  and  accumulation  of  wealth  by  'entitled'  predators.

      Rising to  what  level  ??    At minimum  the  pre-Reagan  top  rate of  70%  on  marginal  household  income  over  $400,000  a  year.

     America now has a government  of,  by  and for the predators  because they are bribing our lawmakers  with campaign contributions and/or promises of retirement jobs worth millions. ( these two forms of  bribery make term limits nonsensical  )

     But let's be honest, not critical;  -- how many of us would refuse to sell a few votes for a retirement job  worth  millions,   --  particularly  if  " everyone  else  is  doing  it "  ??


    Laws are the soul of a nation, and lawmaking is the most important job in a nation. The bribing of our lawmakers must be stopped, and there is only one sure way to stop it; --  entirely public financing of campaigns, commensurate pay, and mandatory retirements for life on generous government pensions.

     Consequently our laws should mandate entirely public funding of federal campaigns;  and ban pay for work of any kind  by 'retired' lawmakers.   

   The cost would be less than five billion dollars a year;  --  a small price to pay for a government  of, by,  and  for All  of our people.

" A nation may be said to consist of its territory,  its people,  and its laws.  The territory is the only part which is of certain durability.  Our national strife springs not from our permanent part,  not from the land we inhabit,  not from our national homestead. 

Our strife pertains to ourselves  -- to the passing generations of men.  It is the  eternal struggle between these two principles   --- right and wrong;   the one is the common right of humanity, 

and the other the divine right of kings.  It can without convulsion be hushed forever with the passing of one generation.

We shall nobly save,  or meanly lose the last,  best hope of earth." 


                                                                                 ----   Abraham Lincoln


             Go back to the beginning and read the 

   quotations again,

            today only the words are theirs,

                                the responsibility is ours.

                                                                          For a Fair America,

                                                                                                John Gutta

P.P.S.    Hot button positions:  ---

Affordable care:   If you have health you need health insurance;   -- public option for all.

Illegal immigration:   Secure our borders,  but provide a path to citizenship for those already here. 

                                      Federally mandate living minimum wage for all working adults,  and restore

                                      tariffs on slave  wage nations to create tens of millions of jobs   -- more than

                                      enough for everyone.


Gun rights:   Allow recreational shooting and hunting in restricted areas,  and carrying in populated areas

                       by local law enforcement permit.   Weapons of mass slaughter should be banned.

                       Run instant point-of-sale background checks by pictured citizenship card.

Territorial waters:   6th district commercial fishing grounds are for 6th district fishermen.

Reproductive rights:   Pro-contraception;  --  Earth  is overpopulated.  

                                       (  abstinence  is  anti-sex  contraception  )

Right to life:   Mandatory adoption of all unwanted children by registered pro-life activists. 

                        (  children placed by lottery  )

Abortion rights:    Pro-choice up to 20 week pain threshold,  health and quality of life reasons afterward. 

                                (  see right to life above  )

Gay rights:    harm no-one.

4 dead in Benghazi:   3,000 dead in NYC  ( and two hopeless wars )  because the Bush

                                       administration ignored FBI warnings about known terrorists taking flying

                                       lessons in Florida.

Middle east policy:   Get out and stay out militarily;  -- unsophisticated tribal religious fanatics can't 

                                     be pacified,   and they  should be  no threat to us.   ( see Bush above )

Palestine policy:   The U.N. made the  Holy Land  of  three major religions  a  Jewish  state.  The U.N. should

                                correct that mistake by making it a  neutral,  U.N. controlled and policed religious shrine.

                                (  to the dismay of Bible literalists,  this would avoid Armageddon  )


​​​​ Campaign  synopsis:  

        In  every   society  throughout  history  there  have  been  three  classes  of  human  behavior;   the  predatory,  the  productive,  and  the  parasitic.   The  primary  economic  activity  of  predators  is  always   wealth   acquisition,   —  they  are  "the   takers”.

       America's  mega-rich,  less  than  1%  of  us,  now  have  a  combined  net  worth  of  over  twenty  trillion  dollars,  and  the  bottom  40%  (  which  obviously  includes  the  parasites  )  have  a  combined  net  worth  of  Nothing.    Why??  --  Because  the  free  trade,   regressive  tax  policies  of  bribed  lawmakers  from  both  political  parties  have  been  redistributing  wealth  from  our  producers  to  our  predators  for  decades. 

      Fact:  Money  doesn't  speak;  it  Buys.   If  "We the Voters"  don't  stop  nominating  "big-money"  candidates  in  our  primaries  America  will  remain  the  world's  largest  free-trading,  flat-taxing  oligarchic  socialist  banana  republic.    What  is  oligarchic  socialism ???    --  The  government,   media,   and  means  of  production  all  controlled  by  a  mega-rich  predator  class.

    I graduated from a western Pennsylvania H.S. in 1960 and spent the next four years attending college full time at night while working days in a Shenango Valley tube mill.  All but one of that valley's tube and steel mills are now gone; - bought, looted, and dismantled by predators financed by Wall Street. The predators and their financiers became fabulously wealthy;  the towns and the people of the valley  were devastated.

    During the 1980's I was GTE Sylvania's High Pressure Sodium R&D and manufacturing engineering manager;  -- based at their Manchester N.H. plant,  but with international responsibilities.

    In 1988 our Manchester plant was manufacturing both our parts and products entirely in America,  paying our factory workers over $10 an hour,  and making a 15%  profit;  -- but we were already considering a core economic policy of Reaganomics  -- maximize profits by  moving manufacturing to Third World nations;   --  he said we should become a " service  economy". 

I quit Sylvania in 1988, and a few years after I quit most of their manufacturing jobs were in Mexico.  Why?  Slave wage labor,  -- and contrary to Reaganite propaganda,  that is the  primary reason  tens of millions  of American jobs remain abroad today.   Reaganism became our nation's disgrace.

    Consequently I gave up engineering entirely, studied economic history and theory for about ten years,  made a run for Congress in 1996,  and in  2011 published a book titled  For a Fair America;  the cure for our sick economy .


     This  website,  a  summary  of  that  book,  uses  historical  writings  and  facts  to  show  Why  we  must  scrap  the  predatory,  money  based  economic  scheme  that  Ronald  Reagan  gave  us, and  replace  it  with  the productive,  labor based policies of real Capitalism,  prescribed  by  rational  men,  -  Adam Smith,  Lincoln,  Locke and  Jefferson among them.  Those  Capitalist  policies include the following:

1.    Tariffs  on products made by slave wage labor abroad,  and a  Living minimum wage at home.

2.     Jeffersonian progressive taxes on estates and All Forms of personal income   -- including stock  

        grants, options, dividends, and capital gains.

3.     Federal regulations that promote Fair enterprise.

4.     A  Publicly Owned  national currency.

5.     Publicly Supported  federal lawmakers.

       All Five of these Capitalist policies have been opposed by a majority of lawmakers from Both political parties for the last 30 years.  Why?   Because lawmakers from  Both  political parties have been selling their souls to the mega-rich for campaign contributions and/or retirement jobs worth  millions.

       This is plutocracy,  and these two forms of  bribery must end.   Unfortunately,  thanks to five cretins on our Supreme Court who can't see that money doesn't speak, it buys;  that end remains voluntary.  Consequently my campaign will not accept more than $5 from any individual or organization,   and after retirement  from  lawmaking  I  would  not  accept  pay  for  any  form  of  work  in  the  future.

       But this website  has  far more important  news:

      It shows How we can end plutocracy and Reaganism in America,  and replace them with democracy and Capitalism.

        It shows How Capitalism would create tens of millions of jobs;  eliminate our national debt;  restore our infrastructure;  protect our environment;  finance care for our disabled, sick, and elderly;   and ensure  life supporting  after-tax incomes for all. 

      So  Please read the rest of this website,  and  carefully  consider the historical arguments and  policies  that it  presents;   -  before  you  vote  wherever  you  vote  in  this  country.


    (   I have a confession to make:  Prior to 1990 I was a Reaganite.  I voted for Kennedy in 1960;  - but for Goldwater in 64, Nixon, and Reagan twice because I was so afraid Lyndon Johnson's 'Great Society' would take from the producers and give to the parasites until there were no willing producers left.

      Just as we Reaganites argued,  equality in a parasitic Communist state is wrong;  -- every adult able to work for a living  should be required,  by law,   to do so. 

      On the other hand,  in a country as resource and climate rich as America,  every adult worker could and should,  by federal law,  receive a wage that will support their family,  - a  living  minimum  wage that Reaganites have always opposed.

      Why federal law?  Because otherwise corrupt businessmen will move to slave wage states just as they now move to slave wage nations.


Note:  Because  of  outsourcing  and  Reaganite  opposition  to a living  minimum wage,  the  hourly  wages of  the  majority  of adult workers  in America  fall between  the minimum  wage of  $7.25  an hour and  a  living  wage  for  a  family  of  four,  thereby  forcing  wives  and  children  to  work;   --  an  indicator  of  true  Reaganite  "family  values",    -  and  a  major  reason  I  became  a  Lincolnite.  )