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re: Europe- “you’ll own nothing and be happy”
Posted on 8/31/26 at 5:08 pm to SlowFlowPro
Posted on 8/31/26 at 5:08 pm to SlowFlowPro
quote:
this isn't about taking savings for public uses.
You naive if you believe that isn't what their ultimate goal is.
quote:
It's about basically creating a better ROI than savings by securitizing them to invest in private businesses to increase returns.
If you can't see the problem with the government telling ppl where they should invest their own money then you are a lost cause.
Posted on 8/31/26 at 5:08 pm to tide06
quote:
What do you believe she means by "putting them to use"?
Putting funds into more effective investments than a low-yield savings account.
Posted on 8/31/26 at 5:09 pm to Ponchy Tiger
quote:
Ponchy Tiger
You’re just making up scenarios. Focus on the facts.
Posted on 8/31/26 at 5:11 pm to TrueTiger
Politicians have quite the gall. They create the debt. We didn’t yet bear the burden of fixing their screw ups.
Posted on 8/31/26 at 5:14 pm to JimEverett
quote:
There is nothing weird about this. It should be viewed as a positive. european needs to change, a this is a big step in a positive direction for that change. Except - as has been noted, they have been coming up with proposals like this for decades and it never seems to stick.
Agreed.
Posted on 8/31/26 at 5:14 pm to TrueTiger
quote:
Obama floated the idea of raiding 401k accounts.
It’s one way to pay off the debt.
The government would have to take nearly every dollar sitting in the retirement accounts of all Americans to pay off the US debt.
Unbelievable!!!!
Posted on 8/31/26 at 5:15 pm to SlowFlowPro
quote:
It's about basically creating a better ROI than savings by securitizing them to invest in private businesses to increase returns.
Sooo essentially taking the money and doing what the owners didn't want to do with it.
Posted on 8/31/26 at 5:15 pm to CleverUserName
quote:
Sooo essentially taking the money and doing what the owners didn't want to do with it.
No.
Posted on 8/31/26 at 5:17 pm to Mo Jeaux
quote:
No
I'm sorry... but transferring them from an account earning just interest to one with more risk in securities and other investments without the consent of the owner is..... what?
Posted on 8/31/26 at 5:22 pm to Placekicker
America may do something similar to pay the debt off.
Posted on 8/31/26 at 5:23 pm to CleverUserName
quote:
without the consent of the owner
Where are you getting anything about consent? There is nothing in what she said that indicates the government will force anybody to do anything.
If you want it boiled down to simple terms what she is saying is "We need to be more like the USA. The USA is killing us in capital investment while our citizens have little alternative but to keep savings in low interest bank accounts. And our banks themselves are hamstrung in being able to maximally invest in European capital projects and securities.
Posted on 8/31/26 at 5:23 pm to Mo Jeaux
quote:
Putting funds into more effective investments than a low-yield savings account.
So you agree theyre taking peoples savings without their consent?
Posted on 8/31/26 at 5:26 pm to tide06
quote:
So you agree theyre taking peoples savings without their consent?
Holy fricking shite
No, that's not what he said
Posted on 8/31/26 at 5:26 pm to Mo Jeaux
quote:
Putting funds into more effective investments than a low-yield savings account.
What is “more effective?”
Does that mean riskier?
What if a person doesn’t want the government to put his funds into “more effective investments,” as defined by them, does he have the right to keep his investments in a low yield savings account?
Should he have that right?
This post was edited on 8/31/26 at 5:27 pm
Posted on 8/31/26 at 5:42 pm to Mo Jeaux
quote:
You’re just making up scenarios. Focus on the facts.
What are these scenarios and facts?
Posted on 8/31/26 at 5:43 pm to LuckyTiger
quote:
What if a person doesn’t want the government to put his funds into “more effective investments,” as defined by them, does he have the right to keep his investments in a low yield savings account?
Where is force a part of this?
Posted on 8/31/26 at 5:46 pm to CleverUserName
quote:
I'm sorry... but transferring them from an account earning just interest to one with more risk in securities and other investments without the consent of the owner is..... what?
Where are you getting the without consent portion? It’s giving people a choice.
Posted on 8/31/26 at 5:47 pm to SlowFlowPro
quote:
No, that's not what he said
Will money be moved from people’s accounts? Yes.
Is she asking for permission? No.
Can they opt out? No.
Are you going to run around playing semantics games to distract and deflect away from that fact? Definitely.
Posted on 8/31/26 at 5:47 pm to LuckyTiger
quote:
What is “more effective?” Does that mean riskier?
Yes, it is more risky, and that is a legitimate criticism. But they’re not being forced to do so.
Posted on 8/31/26 at 5:50 pm to JimEverett
quote:
Where are you getting anything about consent? There is nothing in what she said that indicates the government will force anybody to do anything.
What do you think these ""proposals"" they are talking about are? Sending the people pamphlets on the benefits of capital investment? Holding meetings discussing rates of return? Free financial consultation?
You think the European people don't know how to invest? The concept of equities are above their intellectual abilities?
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