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Started By
Message
re: Here Are 6 Things White People Say That Highlight Their Privilege
Posted on 3/16/24 at 11:45 am to Tigertuxedo
Posted on 3/16/24 at 11:45 am to Tigertuxedo
quote:
some a****** literally just sticking it in his own account.
Wait... so now even saving is bad?
This post was edited on 3/16/24 at 11:45 am
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Posted on 3/16/24 at 11:45 am to RogerTheShrubber
quote:
took Ike a long time to pay that debt off.
Say what you want but he had to save capitalism. The markets weren't fixing the problem for the literal 30 plus percent unemployed in the country and it could have caused so much civil unrest that it could have led to Revolution. So if you are a big fan boy of capitalism then you should be pretty happy that FDR stepped in and saved it.
Posted on 3/16/24 at 11:45 am to Tigertuxedo
Every time this comes up, capitalism or our current system which is capitalism with a lot of socialist policies thrown in comes up. Every time the left wants more Socialist policies. Every time this is tried in the real world it ends up in totalitarianism and the deaths of the opponents pile up. It is like parenting kids, when you give them everything and do everything to help them they turn out like shite
Posted on 3/16/24 at 11:45 am to djmed
That article is a great example of circular logic.
Posted on 3/16/24 at 11:47 am to Tigertuxedo
quote:
Say what you want but he had to save capitalism.
He permanently destroyed it. Crony Capitalism exploded under FDRs watch.
Throwing money into the system disadvantages those at the bottom moreso than those at the top.
Posted on 3/16/24 at 11:47 am to Tigertuxedo
quote:
If I have a high yield savings account and 300 million in it, am I not just creating more money supply
Are you equating earning interest with printing money? Is your understanding that someone making money is increasing the money supply? Do you think a paycheck from work is the same as newly minted money? If yes to any of these, then you have a horrible misunderstanding of how money works. I mean, honestly, I think most of us in this thread will feel fundamentally stupid for having spent time this morning in “discussion” with someone who is so clueless about the basic workings of the world.
This post was edited on 3/16/24 at 11:51 am
Posted on 3/16/24 at 11:48 am to RogerTheShrubber
quote:
Youre focused on the wrong thing.
This spending trickles upward and parks itself as wealth in the economy. As long as that money supply is there, smart men will figure out how to access it.
The issue is the money supply.
You're not addressing what I'm saying. Billionaires literally create more wealth than they could possibly spend and that contributes to the money supply. They don't always park it in the economy. Sometimes they park it in high yield savings accounts or hedge funds that invest in companies with CEOs and board members that are more concerned with dividends than they are paying their employees. All of those things have a net negative effect on the bottom 90% of the population.
Simply saying that the money gets used in the economy so it's totally fine is silly because I can make that same point when I say that the government sending a stimulus check out helps the economy. In some ways it does but the net effect is negative if you're just increasing money supply without a directive. That's what I'm trying to say about wealthy people creating more money supply. I'm saying it's more nuanced and that people aren't acknowledging how much wealth is being created by the very wealthiest that is causing inflation as well.
Posted on 3/16/24 at 11:49 am to Tigertuxedo
quote:
If I have a high yield savings account and 300 million in it, am I not just creating more money supply
Youre creating wealth, which is used to create jobs do other things in the economy.
Posted on 3/16/24 at 11:50 am to Tigertuxedo
quote:
So you mean you can't just take someone out of a s***** life and put them into a good one and then instantly be successful? Well no s*** Sherlock. Did you actually think this was a good point? The point is that you could take an African-American baby and put him in that Beverly Hills Community and I guarantee you he would do a lot better than he would had he grown up in Section 8 housing. That's how you make a point
"Yes, we would frick it up like we do everything else...but this is why we would...."
I would hang my head in shame if I EVER IN MY LIFE have to make excuses like that for White people.
Posted on 3/16/24 at 11:50 am to Crimson K
Every now and then a youngster ventures over to the PT to show how smart they are. They always fail.
Posted on 3/16/24 at 11:50 am to RogerTheShrubber
quote:
He permanently destroyed it. Crony Capitalism exploded under FDRs watch.
So it was doing well when he got there? See you're not addressing what I'm saying.
quote:
Throwing money into the system disadvantages those at the bottom moreso than those at the top.
Yeah I'm sure all of those people who were working doing all of those infrastructure projects and finally being employed again would totally agree with you. It's like you blatantly ignore that there was over 30% unemployment and the country was in bad shape. FDR took on a little debt in order to make sure he could save capitalism and give people jobs and projects to work on. It wasn't like he was just throwing money at them
Posted on 3/16/24 at 11:51 am to Tigertuxedo
quote:
how much money is made by the top 1% in investing every year?
Billions
quote:
Where did that money come from?
From increased production of goods and services.
quote:
If I have a high yield savings account and 300 million in it, am I not just creating more money supply?
No. That money is being invested and used to actually expand GDP. Unlike printing money, which produces nothing of actual value, thereby decreasing the value of the preexisting currency.
This is really basic economics
Posted on 3/16/24 at 11:51 am to Tigertuxedo
quote:
Billionaires literally create more wealth than they could possibly spend and that contributes to the money supply.
The wealth which is used to run the global economy.
Do you think that wealth sits idle?
Posted on 3/16/24 at 11:51 am to djmed
An entire article filled with nothing but crap.
Posted on 3/16/24 at 11:53 am to Tigertuxedo
quote:
Yeah I'm sure all of those people who were working doing all of those infrastructure projects and finally being employed again would totally agree with you.
You bet your arse they do when they find out median housing prices are way out of their blue collar paycheck.
People are dropping out of the job market because inflation is flying past wages at a very high rate.
Posted on 3/16/24 at 11:53 am to Tigertuxedo
quote:
The point is that you could take an African-American baby and put him in that Beverly Hills Community and I guarantee you he would do a lot better than he would had he grown up in Section 8 housing.
No you couldn't.
Posted on 3/16/24 at 11:53 am to RogerTheShrubber
quote:
Youre creating wealth, which is used to create jobs do other things in the economy.
To a certain extent I'm sure much of that is true but at what point are you only lining your own pockets and not contributing anything? Jeff Bezos has made billions more dollars in the last few years then he had several years ago and those jobs have already been created. All of that extra wealth that he has is doing nothing but making him richer. He started a company and expanded it and now he just makes billions on his billions creating more money supply and trapping it in his own personal accounts.
By the way, governments can also create jobs with money. Honestly Elon Musk owes a lot to the United States taxpayers
Posted on 3/16/24 at 11:53 am to Antonio Moss
quote:
This is really basic economics
This person does not have even a basic understanding of money. Using incorrect terms, showing complete ignorance about things like interest, wealth, money supply, etc.
Posted on 3/16/24 at 11:54 am to TbirdSpur2010
quote:
Spot on. Racial animosity/victimhood mindset is perpetuated by adults with zero scruples. My kids are also half and half, yet they have zero problems with their peers of any color. That mindset/behavior starts at home with Aggiebelle and I. My wife is not more "privileged" than me, and our kids' success will hinge on the example she and I model. The more parents adopt healthy racial approaches in the home, the better society will be in general.
WHOA!!! Hold on. You can't just go off script like that. You are destroying Tigertuxedo's whole defense.
Posted on 3/16/24 at 11:55 am to Tigertuxedo
quote:
Youre creating wealth, which is used to create jobs do other things in the economy.
To a certain extent I'm sure much of that is true but at what point are you only lining your own pockets and not contributing anything?
Hey man, have a good day. Youre being cordial, but based on this reply theres not much I can say to help.
Thats just not how the real world works.
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