170 Prominent Economists Back Bernie Sanders’ Plan to Rein in Wall Street

[Confounding]

1. Scandinavia isn’t really all that socialist

No, it's not full blown socialism. It is democratic socialism, just like Bernie Sanders wants. Also, are you telling me a country can have high taxes with an extensive social safety and still be a capitalist nation? Hmm, interesting.

Oh and I love your source "bullshitexposed.com"

 

[peach174]

A single city here is larger and much more diverse. That's like saying what works for your family will work for all 330 million of us.

How would our size prevent us from doing what Scandinavia does? They are smaller, yes, and they make much less money as well. We are a larger and much richer nation. I don't accept that guaranteed healthcare and education are unaffordable in the richest country on Earth.

You only saw size. I also said diversity. But there's a lot of misinformation about Scandanavian "socialism". It's a long article buts starts out:


The Scandinavian Socialism Argument Debunked - The great liberal myth
1. Scandinavia isn’t really all that socialist
Scandinavian countries have certain socialist characteristics such as high taxes and extensive welfare systems. However, these countries have relatively capitalistic markets. Scandinavian businesses are mostly free from regulation, nationalization and protectionism.

Let’s look at a few key indicators of free enterprise in Scandinavia.

Denmark:

Ranks higher than the US in business freedom, monetary freedom, investment freedom, financial freedom, property freedom and freedom from corruption.

Source

Finland:

Ranks higher than the US in business freedom, monetary freedom, investment freedom, fiscal freedom, property freedom and freedom from corruption.

Source

Iceland:

Iceland ranks a little lower than the US in most of these key indicators. It’s close, though. Remember also that Iceland has a smaller total population (320,000) than Wichita, KS.

Source

Norway:

Ranks higher than the US in trade freedom, property freedom and freedom from corruption.

Source

Sweden:

Ranks higher than the US in business freedom, monetary freedom, investment freedom, financial freedom, property freedom and freedom from corruption.

Source

When any government takes more than half to three fourths of your paycheck that is not freedom.
That is paying for programs that the Government controls over the citizens.
They can do what they want with those programs, like when to give and when to lessen and take away.

The whole bases of our government is freedom from the Federal Government and low taxes.
This is true freedom

 

[Iceweasel]

1. Scandinavia isn’t really all that socialist

No, it's not full blown socialism. It is democratic socialism, just like Bernie Sanders wants. Also, are you telling me a country can have high taxes with an extensive social safety and still be a capitalist nation? Hmm, interesting.

Oh and love your source "bullshitexposed.com"

Wrong. Bernie is a socialist, he wants to control who can make what, give free college out, set wages for private business, etc. Obviously you can only see what you want. Instead of dismissing the source you should read it and explain what's wrong with the analysis.

 

[paulitician]

Keep in mind people, Hussein was supposed to be the guy to stick it to Wall Street too. It actually ended up going the complete opposite. Wall Street prospered immensely under the 'Anti-Capitalist Marxist' who was supposed to hit it hardest.

So be very careful buying into propaganda hype. And also keep in mind, Hillary Clinton's still out there. She's still the favorite. And she's completely corporate-owned.

 

[Rouge Rover]

1. Scandinavia isn’t really all that socialist

No, it's not full blown socialism. It is democratic socialism, just like Bernie Sanders wants. Also, are you telling me a country can have high taxes with an extensive social safety and still be a capitalist nation? Hmm, interesting.

Oh and I love your source "bullshitexposed.com"

It's not Democratic Socialism, it's Social Democracy.

Why can't a country with high taxes and a safety net be capitalist?

 

[Confounding]

It's not Democratic Socialism, it's Social Democracy.

Could you explain the many differences between democratic socialism and social democracy?

Why can't a country with high taxes and a safety net be capitalist?

It can be; that was my point. Conservatives often try to equate social safety nets with being anticapitalism.

 

[Rouge Rover]

It's not Democratic Socialism, it's Social Democracy.

Could you explain the many differences between democratic socialism and social democracy?

Why can't a country with high taxes and a safety net be capitalist?

It can be; that was my point.

'It can be', I agree with that.

Social Democracy is focused on the society. More programs for people and that obviously requires money so a higher tax rate.

Democratic Socialism is what they had in the Spanish Republic during their civil war. No private ownership and groups of people making decisions which had been made before by private entities.

 

[Arizona Willie]

Why do the banks need to be broken up? The problem is lack of regulation. Regulate them. Bernie wants to use a howitzer to kill mosquitos.

================
Why do the banks need to be broken up?

Because back in the 70's they followed the lessons Kissinger taught the Arabs about how to form cartels and withhold their products.

So they did the same and refused to make loans until Congress changed the usery laws so they could charge more than 10% interest.

So now the banks are paying .01% ( that's one one hundredth of one percent ) on savings and charging up to 35% on many loans and credit cards and also charging fees just for having an account with them.

AND COMPLAINING THEY AREN'T MAKING ENOUGH MONEY.

That's why the banks need to be broke up.

There is no competition and no place else to have simple savings accounts ( credit unions are just as bad ).

There is no one else to park your money and earn interest and no one else to borrow from except the payday loan sharks / title loan sharks.

They need to be broken up to stir up competition which Republicans claim they love --- EXCEPT, of course, when it is THEIR business facing competition.

 

[peach174]

The problem with Social Democracy is that the Dems propose only partial payments for trillion dollar programs and that is unstainable debt added on.


Bernie wants to tax Wall St. but it won't completely pay for that free college tuition.
You would need to tax Wall St., all of the rich and the middle class must be taxed to pay for that completely and that is just one program let alone all of the others he wants.
The more you tax you have less growth.

Look at what France did.
They put high taxes on the rich and they left. That made less revenue for France.
Growth brings in more taxes.

 

[Rouge Rover]

Why do the banks need to be broken up? The problem is lack of regulation. Regulate them. Bernie wants to use a howitzer to kill mosquitos.

================
Why do the banks need to be broken up?

Because back in the 70's they followed the lessons Kissinger taught the Arabs about how to form cartels and withhold their products.

So they did the same and refused to make loans until Congress changed the usery laws so they could charge more than 10% interest.

So now the banks are paying .01% ( that's one one hundredth of one percent ) on savings and charging up to 35% on many loans and credit cards and also charging fees just for having an account with them.

AND COMPLAINING THEY AREN'T MAKING ENOUGH MONEY.

That's why the banks need to be broke up.

There is no competition and no place else to have simple savings accounts ( credit unions are just as bad ).

There is no one else to park your money and earn interest and no one else to borrow from except the payday loan sharks / title loan sharks.

They need to be broken up to stir up competition which Republicans claim they love --- EXCEPT, of course, when it is THEIR business facing competition.

Sounds to me like you have a regulatory problem.

 

[nat4900]

Why do the banks need to be broken up? The problem is lack of regulation. Regulate them. Bernie wants to use a howitzer to kill mosquitos.

You're calling the 2008 financial meltdown a "mosquito"??

 

[peach174]

Why do the banks need to be broken up? The problem is lack of regulation. Regulate them. Bernie wants to use a howitzer to kill mosquitos.

================
Why do the banks need to be broken up?

Because back in the 70's they followed the lessons Kissinger taught the Arabs about how to form cartels and withhold their products.

So they did the same and refused to make loans until Congress changed the usery laws so they could charge more than 10% interest.

So now the banks are paying .01% ( that's one one hundredth of one percent ) on savings and charging up to 35% on many loans and credit cards and also charging fees just for having an account with them.

AND COMPLAINING THEY AREN'T MAKING ENOUGH MONEY.

That's why the banks need to be broke up.

There is no competition and no place else to have simple savings accounts ( credit unions are just as bad ).

There is no one else to park your money and earn interest and no one else to borrow from except the payday loan sharks / title loan sharks.

They need to be broken up to stir up competition which Republicans claim they love --- EXCEPT, of course, when it is THEIR business facing competition.

The Dodd-Frank bill stopped the smaller banks from lending.

 

[Rouge Rover]

Why do the banks need to be broken up? The problem is lack of regulation. Regulate them. Bernie wants to use a howitzer to kill mosquitos.

You're calling the 2008 financial meltdown a "mosquito"??

No, that was a serious regulatory failure. I'm calling big banks in general a mosquito.

 

[peach174]

Why do the banks need to be broken up? The problem is lack of regulation. Regulate them. Bernie wants to use a howitzer to kill mosquitos.

You're calling the 2008 financial meltdown a "mosquito"??

That is not what he said.
He said Bernie wants to use a huge gun to fix a small problem.

 

[Confounding]

That is not what he said.
He said Bernie wants to use a huge gun to fix a small problem.

The fact that the health of our entire economic system is at the mercy of the decisions of a handful of banks is not a small problem.

 

[Rouge Rover]

That is not what he said.
He said Bernie wants to use a huge gun to fix a small problem.

The fact that the health of our entire economic system is at the mercy of the decisions of a handful of banks is not a small problem.

You think that was a private sector fail. I think it was a public sector fail.

 

[nat4900]

No, that was a serious regulatory failure. I'm calling big banks in general a mosquito.

You're mistaken, the "regulatory" prevention was eliminated by the bastard senator Graham from Texas who helped repeal Glass-Steagal...so, technically, there was NO breach of regulations but a federal license to gamble and commit fraud.

 

[Toddsterpatriot]

No, that was a serious regulatory failure. I'm calling big banks in general a mosquito.

You're mistaken, the "regulatory" prevention was eliminated by the bastard senator Graham from Texas who helped repeal Glass-Steagal...so, technically, there was NO breach of regulations but a federal license to gamble and commit fraud.

Damn that Clinton guy, eh?

How would Glass-Steagall have stopped banks from writing bad mortgages?

 

[Rouge Rover]

No, that was a serious regulatory failure. I'm calling big banks in general a mosquito.

You're mistaken, the "regulatory" prevention was eliminated by the bastard senator Graham from Texas who helped repeal Glass-Steagal...so, technically, there was NO breach of regulations but a federal license to gamble and commit fraud.

You just accused the government of eliminating regulations, which is the same problem I have with the situation. We agree! Public sector failure.

 

[nat4900]

Damn that Clinton guy, eh?

How would Glass-Steagall have stopped banks from writing bad mortgages?

NEVER stated that Clinton was without fault in going along with the corrupt Graham.......Writing bad mortgages was the gambling technique that the 1930s Glass-Steagall was once preventing.