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re: Anyone have an actual good alternative to the economic system we have created?
Posted on 6/21/18 at 4:22 pm to tigerdude3232
Posted on 6/21/18 at 4:22 pm to tigerdude3232
quote:
All 3 points are the best of the day! No it's not fixed permanently but momentarily.
This is exactly what I said earlier and you said I wasn't smart and the money supply was fixed.
Posted on 6/21/18 at 4:26 pm to tigerdude3232
quote:
What utopia do you live in? We are in the midst of a great wealth redistribution from the middle to the upper.
Again, I'm not saying the upper-middle divide is not widening. I'm saying the middle-class bar is also rising on the graph, just not as fast.
quote:
Yes we have trumps tax cuts this year, then in a few years they go away while leaving the benefits for the rich. It doesn't matter how much wealth our poor has if it cost 10 dollars for a gallon of milk. Just in my life the price of a coke has doubled, DOUBLED lol thats crazy.
Who says the tax cuts have to go away? And if they do, that benefits the government. Also, idk where you live, but milk does not at all cost 10 bucks a gallon where I am. As far as prices doubling, that's inflation. Without being an expert on that, I know it has something to do with printing too much money and/or what our currency is backed by. And also maybe borrowing money. But I don't think it has much to do with tax cuts to stimulate the economy.
As for that borrowed debt and "when we default on 20-30 trillion dollars of debt," isn't that what balancing the budget is about? Get fairer trade deals, have Americans buy American (keeping cash in-house, thus raising the people and businesses which can be taxed, thus increasing federal budget), consolidate federal agencies and programs and eliminate red tape (this is happening) to reduce federal costs, and eliminate funding to unnecessary areas of government. That's how we get a surplus and stop borrowing. Too much inefficient government spending without having a taxable base (while many undocumented immigrants pay taxes, I've seen numbers saying the cost of dealing with such immigration is almost double that) means we end up borrowing.
Obviously, what you cut, what you spend on, and how you get fairer trade deals is the point of contention. But I'm extremely excited to see how Trump does on trade deals, consolidating agencies/cutting red tape, stimulating the economy, and reducing undocumented immigration (if nothing else, there's a cultural inconsistency, which is clear from the presence of MS-13).
Posted on 6/21/18 at 4:37 pm to tigerdude3232
quote:
We are in the midst of a great wealth redistribution from the middle to the upper
Objectively false.
Posted on 6/21/18 at 4:41 pm to Barbellthor
Sorry I'll respond when I get home but the tax cuts are already planned to expire pretty quickly after trump threw out business deductions. Taxes will be higher for you in 4 years than before, per the new plan
Posted on 6/21/18 at 4:46 pm to tigerdude3232
quote:
Ok bare with me a second. I get that a small percentage of our currency is physical dollars but your debit card is the same thing now. We have a set number of how many units of dollars we have in existence. I'm not talking just green bills and coins you densling. We actually do keep track of all the dollars in existence. So how about you go flip through some internet pages and educate yourself on non conservative points of view. see below
Damn, wish I had your knowledge 45 years ago, would have kept me from wasting a lot of time in economics classes in college and Federal Reserve training programs when I was in banking!
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