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Started By
Message
re: CNN: The US would be better off with fewer billionaires
Posted on 2/25/20 at 3:20 pm to mmmmmbeeer
Posted on 2/25/20 at 3:20 pm to mmmmmbeeer
Billionaires have done more for the poor than government.
Government (statists) worshippers hate competition.
Government (statists) worshippers hate competition.
This post was edited on 2/25/20 at 3:24 pm
1
Posted on 2/25/20 at 3:36 pm to yatesdog38
quote:What money do they use to purchase the stock?
They don't pay taxes on idle assets. They can own a billion dollars worth of apple stock and not pay any taxes on it because it doesn't pay dividend.
Posted on 2/25/20 at 3:37 pm to mmmmmbeeer
quote:
Sure. If they can't make a living without absolutely raping people, yeah, it's an illegal business. Do loan sharks operate out in the open? frick no.
It's a mutual transaction. Only authoritarians want to outlaw such things. The alternative is that these people are either left with zero options or they go to those evil loan sharks you hate so much.
quote:
I believe the dem proposal was like 30% cap....that's a really hefty rate. If these businesses can't make it on 30% interest, well, maybe they should review their lending requirements?
Maybe they should be able to have the freedom to set an appropriate rate that's equal to the risk they're taking. Again, these are mutual financial transactions.
But, go ahead and tell us again how you're just some level headed moderate
Posted on 2/25/20 at 3:46 pm to yatesdog38
quote:
They can own a billion dollars worth of apple stock and not pay any taxes on it because it doesn't pay dividend.
Apple doesn't pay a dividend?
Posted on 2/25/20 at 3:48 pm to upgrayedd
quote:
But, go ahead and tell us again how you're just some level headed moderate
Yes, because being against predatory lending is a far left idea. FOH. Did you learn nothing from '08?
Posted on 2/25/20 at 3:50 pm to Janky
quote:
I am not reading this whole thread, but is this beer douche saying billionaires are bad?
Love you, too, Janky!
Posted on 2/25/20 at 3:52 pm to mmmmmbeeer
frick off.
Posted on 2/25/20 at 3:53 pm to mmmmmbeeer
mmmmmbeeer, I respect your opinions for the most part. You seem like a scholarly liberal who is mainstream and cool.
If i were a mainstream dem, the reason sanders pisses me off is that he threatens to destroy all the hard fought gains the dems have made in ex-GOP suburban areas, such as the areas around Atlanta or OC, CA
If i were a mainstream dem, the reason sanders pisses me off is that he threatens to destroy all the hard fought gains the dems have made in ex-GOP suburban areas, such as the areas around Atlanta or OC, CA
Posted on 2/25/20 at 3:53 pm to mmmmmbeeer
quote:
Yes, because being against predatory lending is a far left idea
Charging appropriate rates for high risk borrowers isn't nefarious.
quote:
Did you learn nothing from '08?
You mean how banks were forced by the federal government to give loans to high risk borrowers with little to no down payment in the name of being fair? Yeah, I learned that the government has no business in the loan industry (same for student loans).
Posted on 2/25/20 at 3:54 pm to upgrayedd
Preach
Posted on 2/25/20 at 3:55 pm to Janky
quote:
Apple doesn't pay a dividend?
They do. I've owned Apple stock for years.
Posted on 2/25/20 at 3:56 pm to HailHailtoMichigan!
quote:
mmmmmbeeer, I respect your opinions for the most part. You seem like a scholarly liberal who is mainstream and cool.
If i were a mainstream dem, the reason sanders pisses me off is that he threatens to destroy all the hard fought gains the dems have made in ex-GOP suburban areas, such as the areas around Atlanta or OC, CA
Thanks, man...nice of you to say. Likewise.
I couldn't agree more. He's a problematic candidate. Much like '16, we have a habit of choosing the least appealing candidate possible. I'm not happy about it.
Posted on 2/25/20 at 4:00 pm to mmmmmbeeer
Just on usury and payday lenders in particular, most orthodox economists with which I am familiar kind of think it's a stupid idea to cap interest rates and force those people out of business.
Most experiments in the past with that kind of thing end up in disaster - illegal loan sharks and mafiosos end up taking over that market when interest rates are capped, and they don't play by Uncle Sam's rules.
Most experiments in the past with that kind of thing end up in disaster - illegal loan sharks and mafiosos end up taking over that market when interest rates are capped, and they don't play by Uncle Sam's rules.
This post was edited on 2/25/20 at 4:02 pm
Posted on 2/25/20 at 4:00 pm to mmmmmbeeer
As a repub, the thought of a sanders presidency is a bit unsettling, but anyone with an ounce of knowledge about how congress works knows there is zero chance he gets any of his major agenda items through.
Someone like mayor Pete could get stuff done and then run on it in a midterm
Sanders would have zero accomplishments and likely get his arse kicked kn 2022 midterms.
Someone like mayor Pete could get stuff done and then run on it in a midterm
Sanders would have zero accomplishments and likely get his arse kicked kn 2022 midterms.
Posted on 2/25/20 at 4:02 pm to upgrayedd
quote:
You mean how banks were forced by the federal government to give loans to high risk borrowers with little to no down payment in the name of being fair?
The Clinton administration did most of the damage that caused the housing collapse. W didn't end the policies but he didn't create them either.
This post was edited on 2/25/20 at 4:38 pm
Posted on 2/25/20 at 4:04 pm to HailHailtoMichigan!
quote:
As a repub, the thought of a sanders presidency is a bit unsettling
He'll be trounced by Trump. Nothing like campaigning on a fracking ban to keep Ohio and Pennsylvania red. Praising Castro should go over well in South Florida too.
Posted on 2/25/20 at 4:07 pm to fallguy_1978
quote:
This Clinton administration did most of the damage that caused the housing collapse. W didn't end the policies but he didn't create them either.
Yep, and what did they do when their dabbling forced the economy into recession? They used it as an opportunity to further regulate the very market that they fricked up in the first place. They're playing arsonist, firefighter, and fire marshal all at the same time.
This post was edited on 2/25/20 at 4:08 pm
Posted on 2/25/20 at 4:30 pm to mmmmmbeeer
quote:
Sure. If they can't make a living without absolutely raping people, yeah, it's an illegal business. Do loan sharks operate out in the open? frick no.
So who is going to lend money to people with terrible credit? If lenders can't charge interest rates commensurate with the risk of the loan, why would they give the loan?
Posted on 2/25/20 at 4:35 pm to tigercross
quote:
So who is going to lend money to people with terrible credit? If lenders can't charge interest rates commensurate with the risk of the loan, why would they give the loan?
No one. You may have some people in urban areas turning to loan sharks, though I believe that number would be negligible (most people don’t know a loan shark or anyone that does). The more likely outcome is people have to provide collateral or know that they can’t rely upon loans.
Posted on 2/25/20 at 4:37 pm to TDcline
quote:
ETA: On the other hand, there’s lots of blame to go to the wealthiest of our society. There’s no denying that the greedy assholes have bought and paid for American politicians, think tanks, and super pacs in order to shape American policy to their benefit. In fairness to the idiots pushing for Bernie, many of them have been pushed to the edge. Mortgages, Daycare prices, medical prices, college tuition, and much more have all skyrocketed in the past 20 years. It’s outpaced inflation tremendously. Those of us on the right have allowed ourselves to be used as pawns too. We’re good at recognizing that blacks have largely become a pawn for the Democrats, but us on the right never call out how much the religious zealots are used as a pawn for the Republicans. Burn the whole thing down. It’s broken. Start over.
Nice to see someone gets it. For all the Bernie hate, the only reason he has a foothold is because of the things listed here and the actions of the politicians and their wealthy backers. Eventually it will lead to some form of a revolution and a reset.
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