Bruddah IZ
DA
Tax cuts for the billionaires = QE that staved off a recession? Clueless as ever.
Trump Lost
- Thread starter thelonggame
- Start date
whatithink
GOLD
LOL, that's some funny shit right there. $27.5T and counting
U.S. National Debt Clock : Real Time (usdebtclock.org)
thelonggame
SILVER ELITE
I hope you are not saying there was no QE under Trump. That began in March, 2020. Your arguments are getting really stale.
Bruddah IZ
DA
Agree. Sorry. Pointing out the difference between tax cuts for the rich and QE is important. Still stale though. It's always more lively to point to the rich as the source of our financial ills.
To me that has less to do with the will of the people, and more to do with politics. Most Americans, when you ask them, want responsible government spending. The problem is the politicians and the corrupt ass laws they've been writing so they all end up rich and with their names on a lot of buildings after they die.
Just take a look around: Republicans just gave tax cuts that went entirely on countries credit card as they loot the nation ay the bequest of their big donors. And Democrats? Well lets just say the promises and give a ways need to secure huge majorities of the 'urban vote' are getting so outrageous, that there isn't even money anymore for basic services like public safety and trash pick up.
Republican, Democrat... none of us voted for this bull shite.
Gotta tell you bubs, not sure you want to leave this argument here? I'm very comfortable leaving the question hanging, of whether it's you or me whose making sense.
That's why I hate politics. This is not a right or left issues. The middle needs to fix this sh*t. Where two fight, no one is right.
Is money important for life?
Money is not everything, but money is something very important. Beyond the basic needs, money helps us achieve our life's goals and supports — the things we care about most deeply — family, education, health care, charity, adventure and fun.
How money is the root of all evil?
A popular current text, the King James Version shows 1 Timothy 6:10 to be: For the love of money is the root of all of evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.
Light or Darkness is all that matters this Winter. We live in a dualistic, western society. What does that mean? Win or lose. Hot or cold. Up or down. Left or right. Republican or Democratic. Heaven or hell. Christian fanatic or devil worshiper. My church is better is the only true church or Atheist. Good or Bad. My way or the highway. College or loser. Black or white. 4.6 GPA or Dropout.
People love money so much they cheat for it, steal, grab & go, lie, hurt others, kill for it and all sorts of sh*t to get money and the power & control that comes with it. I have so many stories where money F people up. It can bring sorrow upon sorrow to the soul if you decide to hurt with it. If you love people with it, which really means sharing with others, then you can use money as a tool for the common good.
I'm a capitalist. So money and greed to me isn't necessarily a bad thing from my perspective.
But I'm also capitalist enough to understand that in certain instances a money based (i.e. function first) approach doesn't provide the results everyone wants. For example I think monopolies are bad. I also question unrestricted capitalism's place in certain industries such as healthcare when I compare the above market rate we are paying compared to Canada / Europe. And also I disagree with the notion of letting elections become so prohibitively expensive that politicians are having to secure millions (or billions) to get their faces on TV.
Anyway, as a thought exercise think about this. If I was going to run for president... what could I possibly offer as collateral in order to secure the billion or so dollars it takes to run a viable national campaign?
Bruddah IZ
DA
Agree. Most Americans don't know what responsible government spending is.
You do know that tax cuts just let companies, workers, shareholders keep more of the money they earned delivering actual value?
Desert Hound
DA
That is a funny one.
Our healthcare industry is one of the heaviest regulated industries we have.
I get it, we were born into this system. The problem is in this system too many losers and only some big lotto winners. We need a Merit Based System ((MBS Program)) that is rewarded. I still believe we have so much resources that we can take a little AOC ((at least she's honest in her beliefs)) and give EVERYONE food and shelter. The Capital winners need to share and not give out $400,000,000 to only one side.....lol!! Those who bring value to the game should be compensated richly. We have to eliminate as many cheaters as possible so the next game is fair and EVERYONE obeys the rules.
Bruddah IZ
DA
Not to mention heavily subsidized.
I'd argue that its a stretch to say Friedman would have supported the Trump tax cuts.
I mean were talking about deficit spending to pay for tax cuts. Which is more Modern Monitary theory then Milton Friedman economics.
Born into the system and well traveled. What we've got going on here is awesome.
Well it was... until the crooks and the do-gooders took over running things.
When did the crooks take over the system you think?
Bruddah IZ
DA
Bruddah IZ
DA
Most Americans don't know what responsible government spending is. You act as if tax cuts aren't re-invested. Learn something from your mom's interaction with Uncle Milton:
When I worked with National Geographic up in Alaska all the oil men used to say theirs was the most regulated industry. Now I'm being told it's healthcare. But personally... I think my own industry of entertainment is the most regulated. Not only are we regulated when it comes to what we can do- but ALSO in what we can say.
Anyway (I haven't looked it up recently), but healthcare in America costs the nation somewhere around 17-18% of the GDP, while competitors like France and Canada are able to provide their labor force equal quality healthcare at closer to 12% of their GDP. Opinions aside, when the rubber hits the road our nations bloated healthcare costs can't be ignored if we wish to keep our labor force competitive in a global marketplace.
Here's where I'd say I started to notice it becoming more and more of a problem.
Supreme Court Removes Limits on Corporate, Labor Donations to Campaigns
In a stunning reversal of the nation's federal campaign finance laws, the Supreme Court ruled 5-4 Thursday that free-speech rights permit groups like corporations and labor unions to directly spend on political campaigns, prompting the White House to pledge "forceful" action to undercut the...
www.foxnews.com
Excellent clip. I need to watch this with my wife tomorrow. BTW Bruddah, we decided to skip Christmas Eve dinner with my Out Laws. We decided to go up on December 27th. That's how to obey the rules of Dr F. It's just a choice not to be evil anymore. No church is required folks and certainly not 10%. I used to make big money and gave 10% off the top. I did it with a cheerful heart and it did go to help the ministers with a very comfortable life. I then got taken another 30% or whatever. You get the point. I was working for retirement and trying to be a good boy so I didnt go to hell. However, I learned I was actually living my hell on earth because of BS system. This is going to be interesting next few weeks and years. God, please help us, Thank You
Let's not forget student Loans