The Truth About the Economy

abandonconflict

abandonconflict

Well-Known Member
MuyLocoNC said:
Even if you could sieze all the assets of the 400 richest citizens, you would net about $2.29 trillion. Our debt is around $18 trillion with somewhere in the vicinity of $100 trillion in unfunded liabilities.

You're debating how to put out the campfire, while the cabin is burning down right behind you. You might not want to elect the guy holding the can of gasoline telling you he has the answer in hand. Just a thought.

The answer to fixing problems that arose from abandoning the constraints of the Constitution isn't to double down on stupidity.
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Ass clown strikes again.

Who suggested seizing their assets? Even I didn't. Yet again you completely miss the point. The economy is headed in the wrong direction because wealth is being mismanaged. The reason it is being mismanaged is that so much of it is allowed to be controlled by the whims of a selfish few. What is being suggested, is that wealth circulate through the hands of those who create it, instead of letting oligarchs with no concern for the needs of people control markets which said people rely upon for life.
 
ttystikk

ttystikk

Well-Known Member
abandonconflict said:
Ass clown strikes again.

Who suggested seizing their assets? Even I didn't. Yet again you completely miss the point. The economy is headed in the wrong direction because wealth is being mismanaged. The reason it is being mismanaged is that so much of it is allowed to be controlled by the whims of a selfish few. What is being suggested, is that wealth circulate through the hands of those who create it, instead of letting oligarchs with no concern for the needs of people control markets which said people rely upon for life.
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Indeed, this sums things up pretty well- right down to the attitude the oligarchs display towards those 'little people' who are trying to figure out how to survive on the scraps.

So, Fuck them- we take our country back from the billionaire class and we will show as much compassion towards them as they show towards us... which is, of course, why they're (somewhat justifiably) terrified.
 
B

bluerock

Active Member
ttystikk said:
Straight bullshit. Not sure who told you that, but this is a perspective skewed towards the status quo and the rich who want it to stay this way.

Otherwise, I want to hear how you think it would work.
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BS? What in the name of Christ makes you think so? The market analysis is my own - and totally correct - as is evident to anybody that bothers to study the matter. As for redistribution, the sad fact is that most people simply cannot handle money. How many people do you know that have zero savings and live paycheck to paycheck? I've met a lot of them. You could gift them a million dollars and a year or two later they would be right back to what they are currently doing.
 
Fogdog

Fogdog

Well-Known Member
bluerock said:
The truth about the economy is simple: the cyclical bull is over and the secular bear is back on. No amount of wealth redistribution, or lack thereof, is going to change a damned thing. Cycles run their course without regard for politics.
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so its fate. Nothing can be done.

Well, that's what the top .1% want to to think. Hey, drink more koolaide.
 
ttystikk

ttystikk

Well-Known Member
Fogdog said:
so its fate. Nothing can be done.

Well, that's what the top .1% want to to think. Hey, drink more koolaide.
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It's much easier to believe nothing can be done than to shoulder the responsibility for helping make things better.
 
B

bluerock

Active Member
Fogdog said:
so its fate. Nothing can be done.

Well, that's what the top .1% want to to think. Hey, drink more koolaide.
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Debt bubbles of the type currently extant are a recurring feature of all civilizations since the year ott. If you want to call that fate, fine. I didn't say nothing would be done. Lots of things are going to be done. A few that come to mind include: 1. higher taxes, for everyone 2. government jobs programs galore 3. capital restrictions of various types 4. nationalization of all tax-sheltered retirement accounts

That's just for starters.

However, NOTHING will change the fact that until just about all the bad debt is blown out, there will no true economic recovery. This process takes years, decades even.
 
Lord Kanti

Lord Kanti

Well-Known Member
abandonconflict said:
Ass clown strikes again.

Who suggested seizing their assets? Even I didn't. Yet again you completely miss the point. The economy is headed in the wrong direction because wealth is being mismanaged. The reason it is being mismanaged is that so much of it is allowed to be controlled by the whims of a selfish few. What is being suggested, is that wealth circulate through the hands of those who create it, instead of letting oligarchs with no concern for the needs of people control markets which said people rely upon for life.
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Didn't Adolf Hitler redistribute a little wealth in his day? What if you were wealthy?
 
Padawanbater2

Padawanbater2

Well-Known Member
The distribution of wealth is and has been taking place for a very long time; the upward distribution of wealth. That's what supply-side economics is. Regressive tax codes and limits on taxable income. That normally wouldn't be a problem except that our economy is based on consumption so if the vast majority of citizens can't afford to consume, you end up with recessions and depressions.

So if you oppose the "redistribution of wealth", why wouldn't you support the position of equalizing it more in favor of the poor/middle class?
 
qwizoking

qwizoking

Well-Known Member
i only read this last post..

i for one dont believe an equal distribution of wealth is possible. i imagine a middle class becoming unnecessary, i imagine less jobs in both lower and middle with too many people, an increasing amount of people, needing a "liveable" income. and that they deserve a higher income or more extravagant lifestyle than could realistically be distributed.
anyway, just felt like posting
 
Harrekin

Harrekin

Well-Known Member
bluerock said:
Debt bubbles of the type currently extant are a recurring feature of all civilizations since the year ott. If you want to call that fate, fine. I didn't say nothing would be done. Lots of things are going to be done. A few that come to mind include: 1. higher taxes, for everyone 2. government jobs programs galore 3. capital restrictions of various types 4. nationalization of all tax-sheltered retirement accounts

That's just for starters.

However, NOTHING will change the fact that until just about all the bad debt is blown out, there will no true economic recovery. This process takes years, decades even.
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If you'd use your intelligence you'd see the main recurring theme that collapses empires:

The devaluation of currency.
 
Padawanbater2

Padawanbater2

Well-Known Member
qwizoking said:
i for one dont believe an equal distribution of wealth is possible.
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Neither do I, and I don't advocate for equal distribution of wealth. I believe a capitalistic incentive to innovate is necessary for technological progress. A little inequality isn't a bad thing. The problem is the amount of inequality has become so great that it negatively affects the global economy.
 
Fogdog

Fogdog

Well-Known Member
bluerock said:
Debt bubbles of the type currently extant are a recurring feature of all civilizations since the year ott. If you want to call that fate, fine. I didn't say nothing would be done. Lots of things are going to be done. A few that come to mind include: 1. higher taxes, for everyone 2. government jobs programs galore 3. capital restrictions of various types 4. nationalization of all tax-sheltered retirement accounts

That's just for starters.

However, NOTHING will change the fact that until just about all the bad debt is blown out, there will no true economic recovery. This process takes years, decades even.
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oh, another soothsayer

Its difficult to make predictions especially about the future. I don't think your ideas will come to fruition. Then again, I don't think mine will either.

Rather than try to predict the future, make it. We aren't pawns, we are the 90%.
 
Harrekin

Harrekin

Well-Known Member
Fogdog said:
oh, another soothsayer

Its difficult to make predictions especially about the future. I don't think your ideas will come to fruition. Then again, I don't think mine will either.

Rather than try to predict the future, make it. We aren't pawns, we are the bottom 47%.
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Corrected that for you there.
 
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