Gubmint shouldn't be "helping" (i.e. subsidizing) ANYBODY!....And as an alleged "libertarian/anarchist" you should both know that and represent that mindset.[
The problem with that is the rich run the show, so they get the goodies. You can be against it, but that’s meaningless. Condemning those who think the government should help more than just rich as communists, is stupid.
Methinks you've been bunking with the Golfing Gomer.
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except. . . we are living in a distorted reality.
I get what Gipper is saying. He is talking about RealPolitik here. We can talk philosophically, or we can talk where the rubber meets the road.
The entire system is tilted toward the elites.
Why is it all right for us to have socialism for the folks that are running the government and the corporations, but the hungry masses? FUCK THEM, let them just struggle to survive. With out a strong middle class? We are all doomed. An international technocratic police state WILL be the end result.
The fact is, the international monetary system, and the Federal Reserve, guaranteeing profits, but socializing the risk, IS socialism for the rich. IT distorts the entire conversation.
With out recognizing the one ton gorilla in the room? No honest conversation can be had.
Federal Reserve Program Is Socialism for the Rich - Shadowproof
‘Socialism for the rich’: the evils of bad economics
Socialism for the Rich, Capitalism for the Poor: An Interview With Noam Chomsky
The American Way: Socialism for the Rich, Free Enterprise for the Rest
Socialism for the rich and capitalism for the poor - Wikipedia
Lemon socialism - Wikipedia
Now, if we END THE FED, put strict limits on corporate and citizen lobbying, and pass a public funding of campaigns Amendment? Hell, I think we could all be on the same page.
The first link is funny!!!
Druckenmiller hit the nail on the head. QE and any program that relies on the wealth effect is, in truth, a redistribution of wealth from the lower classes to the rich because the rich are the ones who own the assets that are being inflated.
If Apple stock goes up, that doesn't take from the poor.
The consequences of the spending however are borne by the lower classes who not only by definition don’t own many assets but are forced to deal with higher food and fuel prices resulting inflation can cause while also getting zero return on their savings. QE is socialism for the rich and even the 1% are admitting it. Game. Set. Match.
If inflation was an issue, interest on savings would be higher, not lower.
Who'd this clown learn economics from, AOC? DURR