Socialism For Billionaires / Capitalism For The Losers - Politics Forum.org | PoFo

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#15153137
Trump ran up budget deficits in his first three years to levels seen in our history only during major wars and financial crises — thanks to tax cuts, military spending and little fiscal discipline. America’s richest 10 percent, who own more than 80 percent of U.S. stocks, have seen their wealth more than triple in 30 years, while the bottom 50 percent, relying on their day jobs in real markets to survive, had zero gains. Meanwhile, mediocre productivity in the real economy has limited opportunity, choice and income gains for the poor and middle class alike. Prolonged and increasingly generous bailouts, where governments are willing to buy even corporate junk bonds to prevent foreclosures distort the efficient allocation of capital needed to raise productivity.The past few years should have been an era of huge creative destruction.

As governments keep stepping in to eliminate recessions, downturns no longer play their role of purging the economy of inefficient companies, and recoveries have grown weaker and weaker, with lower productivity growth. So it takes more and more stimulus each time to prop up growth. How about more inclusive capitalism for everyone and less knee-jerk socialism for rich people.

The Republicans have hit on a winning political strategy. Ignore policy, and instead focus on emotional issues that can be encapsulated in a sound bite, or, preferably a 4 letter acronym. While they're distracted, rob them blind. Eventually, enslave them. Ronald Reagan's curse remains with us to this day, but with this twist: Republicans may have, pre-Reagan, thought that government had some merit, but after the B-movie lot actor won the presidency, they gave up on government entirely except as a means to raid the public treasury for tax cuts for corporations and wealthy individuals. Republicans play the fear and race cards, smoothly diverting modest whites from understanding that the tax cuts and deregulations benefit one class only, and it's not them.
#15153297
Wall Street suffered its sharpest daily decline in months on Wednesday. Investors have grown concerned that financial markets have become detached from reality as seemingly endless tax cuts and tax loopholes for billionaires have left these poor boys with so much money that they don't know what to do with it other than to dump it into the stock market.

"The Path Ahead Remains Highly Uncertain." Jerome Powell, Chairman of the Federal Reserve

Meanwhile politicians brag about "full employment" while not mentioning those employed in the $8 @hr range who slip increasingly into debt as they try to feed their families and provide a roof over their heads.

There's a crash coming folks ….. protect yourselves.
#15153305
Rancid wrote:Assuming I don't lose my job. I'm going on a shopping spree when that crash comes.

One guy's gut-wrenching misery is another guy's entrepreneurial opportunity! :up:
#15153368
Potemkin wrote:One guy's gut-wrenching misery is another guy's entrepreneurial opportunity! :up:
Potemkin wrote:One guy's gut-wrenching misery is another guy's entrepreneurial opportunity! :up:


Might as well make myself a part of the rich elitist class. When the Trumpist politicians take over, they will throw the working class people that helped them under the bus. The rich will only take care of the rich.

USA! USA! USA!
#15153419
jimjam wrote:in 2009 I picked up a condo in Florida that has tripled in value. :)

That's the spirit, @jimjam! Every crisis is also an opportunity - you can buy up all the assets of a bankrupt at fire-sale prices, so long as you can ignore the heart-rending sobs of his barefoot children as you take possession of their family home. :up: :)
#15153440
Rancid wrote:Might as well make myself a part of the rich elitist class. When the Trumpist politicians take over, they will throw the working class people that helped them under the bus. The rich will only take care of the rich.

USA! USA! USA!


You must be assuming there will be anything left of them after the Biden administration is done.
#15153526
jimjam wrote:Trump ran up budget deficits in his first three years to levels seen in our history only during major wars and financial crises — thanks to tax cuts, military spending and little fiscal discipline.

If you want to talk about what a rip-off system the USA operates, then "blaming Trump" is a bit short-sighted. And yet, he is in your first sentence. Blaming one half of the "familia" just diverts from finding real culprits and real solutions.

America’s richest 10 percent, who own more than 80 percent of U.S. stocks, have seen their wealth more than triple in 30 years, while the bottom 50 percent, relying on their day jobs in real markets to survive, had zero gains.

This is a much better timeline, and it demonstrates cooperation between Democrat Rats and Republican Rats. And it also suggests that the political party is just an enabler for "the real power."

Without a Revolution, most Americans will soon be ruined. And I live real close, so don't screw this up.
#15153594
Potemkin wrote:That's the spirit, @jimjam! Every crisis is also an opportunity - you can buy up all the assets of a bankrupt at fire-sale prices, so long as you can ignore the heart-rending sobs of his barefoot children as you take possession of their family home. :up: :)


Fuck em ……. cash is king ……. :eek:
#15153919
Proposal for follow-up thread:

High-density walkable neighborhoods are for billionaires

Car dependent suburbs are for losers


High-density hoods allow for social contacts, and social capital.
Suburbs allow you to watch a lot of commercial media.
#15153928
QatzelOk wrote:High-density walkable neighborhoods are for billionaires


I have lived in a high density walkable neighborhood in Portland, Maine for 34 years. On a hill top a 10 minute walk from the ocean. It was a "working class" neighborhood when I arrived. About 5 years ago Portland was "discovered" and the rich boys are turning it into a mini Boston. Old houses in my neighborhood are being plowed down, carted away and replaced by many unit condo boxes where you can get a condo in the $1,500,000 - $5,000,000 range. You can still walk down the street and pass by smiling neighbors who say, "Hi". They are, sadly, being replaced by stern faced rich boys who, face down, seem scared to death to even make eye contact.
User avatar
By QatzelOk
#15154132
The Youth Version of this Thread

Image

A healthy support network with lots of helicopter money from parents is for future Billionaires.

Bootstraps-adjustment, thoughts and prayers, and resilience are for future Losers.
#15154135
I am not a billionaire and I am somebody who has benefited from socialism in the form of veterans benefits to pay for my education. I think this benefit should be available not just only for veterans but for all members of society so long as they make good grades. This will help ensure a strong democracy here in America given that is part of preventing the rise of a demagogue in a democracy: having a well educated populace. ALL the population must be well educated or at least most of the population. We don't have unlimited funds to pay for education, hence why I think those who attend university must earn good grades to continue to get their educations paid for by the state. That way money is not wasted. The return on investment to society and the state is a stronger democracy that doesn't destroy itself by allowing a demagogue to rise to power.

I also think that public education before university education needs to be strengthened too and made more competitive. This means strengthening public education in poor neighborhoods so that they too can get a solid education. It is essential for the survival of democracy.

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