Capitalism is NOT Democratic: Democracy is NOT Capitalist

[Toddsterpatriot]

We have never been discussing business.
They always have been able to write off everything and then some.

A business owner can't deduct his cost of living.

 

[georgephillip]

Yup, stock holders make money when their stock goes up. So what?

Stock holders make money from artificially created bubbles:

https://seekingalpha.com/article/4324870-fed-created-monster-bubble-can-no-longer-control

 

[georgephillip]

Thanks! Even the people at the 20th percentile are doing better.

• "Beginning in the 1970s, economic growth slowed and the income gap widened.
  • Income growth for households in the middle and lower parts of the distribution slowed sharply, while incomes at the top continued to grow strongly.
  • The concentration of income at the very top of the distribution rose to levels last seen nearly a century ago, during the 'Roaring Twenties.'"
• A Guide to Statistics on Historical Trends in Income Inequality | Center on Budget and Policy Priorities

 

[georgephillip]

How'd your commie heroes do in the 1930s

Well enough to kick capitalists' ass in WWII.

"There were impressive gains in heavy industries, mining and construction.

"The Soviet Union became the world's leading producer of oil, coal, iron ore, and cement, and it became a major world producer of manganese, gold, natural gas and other minerals.

"These gains enabled the USSR to develop the defence industries it needed to fight Hitler's armies during World War Two."

Economic Growth and Living Standards During the 1930s : Revolution From Above : Orlando Figes

 

[Toddsterpatriot]

Stock holders make money from artificially created bubbles:

Yup.

Even idiots like you can benefit from owning stock.

 

[Toddsterpatriot]

• "Beginning in the 1970s, economic growth slowed and the income gap widened.
  • Income growth for households in the middle and lower parts of the distribution slowed sharply, while incomes at the top continued to grow strongly.
  • The concentration of income at the very top of the distribution rose to levels last seen nearly a century ago, during the 'Roaring Twenties.'"
• A Guide to Statistics on Historical Trends in Income Inequality | Center on Budget and Policy Priorities

"Beginning in the 1970s, economic growth slowed and the income gap widened.

Technology helped more skilled people earn more.
Unskilled people, not so much.

 

[Toddsterpatriot]

Well enough to kick capitalists' ass in WWII.

"There were impressive gains in heavy industries, mining and construction.

"The Soviet Union became the world's leading producer of oil, coal, iron ore, and cement, and it became a major world producer of manganese, gold, natural gas and other minerals.

"These gains enabled the USSR to develop the defence industries it needed to fight Hitler's armies during World War Two."

Economic Growth and Living Standards During the 1930s : Revolution From Above : Orlando Figes

Thanks for the link!

According to the TSU, Soviet national income grew by 14% between 1928 and 1941. But more objective recent estimates have adjusted this figure to a growth rate of just 3 to 5% between 1928 and 1941.

Check it out.....Commies lied.

 

[bripat9643]

Well enough to kick capitalists' ass in WWII.

"There were impressive gains in heavy industries, mining and construction.

"The Soviet Union became the world's leading producer of oil, coal, iron ore, and cement, and it became a major world producer of manganese, gold, natural gas and other minerals.

"These gains enabled the USSR to develop the defence industries it needed to fight Hitler's armies during World War Two."

Economic Growth and Living Standards During the 1930s : Revolution From Above : Orlando Figes

Propaganda.

 

[kaz]

I do not agree we have total "mob rule"

Yes, you're an ideologue. Reality doesn't interest you

 

[kaz]

The more money I make, the more I can afford tax dodges, like becoming a slum lord and writing off depreciation, so the less taxes I pay.

Then why do the top 1% pay almost half of all income taxes if the more money you make the better they can dodge taxes?

Again, you're an ideologue. Reality doesn't interest you

 

[kaz]

What that ignores is that since everyone is paying taxes, even those who are not really making any profit at all after paying for room and board, that the poor are paying much higher rates.
Taxes are only supposed to be on extra profits, AFTER you write off the cost of doing business.
But with most individuals, their rent, food, clothing, transportation is not allowed to be written off.
They are given less than a forth what a reasonable cost of living allowance should be.
{... For tax year 2017 (the taxes you filed in 2018), the personal exemption was $4,050 per person. ...}
Who actually pays taxes should be those who are profiting the most from the system and who can afford it the most.
So these poor people who are being ripped off by substandard wages should not be paying the taxes they are being forced to pay.
The first $15k should be tax exempt at least.
That is just the cost of living, and should not be taxed at all.

That the top 1% pay almost half of all taxes is a fact. It's an IRS statistic. Facts don't "ignore" things. Democrats ignore facts. You know, you ...

The rest is you just babbling Marxist dogma

 

[georgephillip]

Exactly. State control of the economy is a bad idea. It gives government far too much power.

Any thoughts on "the People's Ledger"?

Biden’s Nominee Omarova Has a Published Plan to Move All Bank Deposits to the Fed and Let the New York Fed Short Stocks

"The paper is titled 'The People’s Ledger: How to Democratize Money and Finance the Economy.'

"The paper, in all seriousness, proposes the following:

"(1) Moving all commercial bank deposits from commercial banks to so-called FedAccounts at the Federal Reserve;

"(2) Allowing the Fed, in 'extreme and rare circumstances, when the Fed is unable to control inflation by raising interest rates,' to confiscate deposits from these FedAccounts in order to tighten monetary policy;"

 

[Toddsterpatriot]

Any thoughts on "the People's Ledger"?

Biden’s Nominee Omarova Has a Published Plan to Move All Bank Deposits to the Fed and Let the New York Fed Short Stocks

"The paper is titled 'The People’s Ledger: How to Democratize Money and Finance the Economy.'

"The paper, in all seriousness, proposes the following:

"(1) Moving all commercial bank deposits from commercial banks to so-called FedAccounts at the Federal Reserve;

"(2) Allowing the Fed, in 'extreme and rare circumstances, when the Fed is unable to control inflation by raising interest rates,' to confiscate deposits from these FedAccounts in order to tighten monetary policy;"

Stupid ideas.

 

[georgephillip]

s much as it takes. Income inequality is a good thing. As long as it's the result of voluntary trade, it's the truest representation of the "will of the people". Far moreso than simple majority rule.

It's a good thing capitalism doesn't have to worry about "simple majority rule." When a small, greedy minority who own the means of production decided to ship millions of middle class jobs to low wage countries, levels of rising income inequality in the US became a representation of the will of rich people and the road to serfdom for the majority.

 

[dblack]

Any thoughts on "the People's Ledger"?

Biden’s Nominee Omarova Has a Published Plan to Move All Bank Deposits to the Fed and Let the New York Fed Short Stocks

"The paper is titled 'The People’s Ledger: How to Democratize Money and Finance the Economy.'

"The paper, in all seriousness, proposes the following:

"(1) Moving all commercial bank deposits from commercial banks to so-called FedAccounts at the Federal Reserve;

"(2) Allowing the Fed, in 'extreme and rare circumstances, when the Fed is unable to control inflation by raising interest rates,' to confiscate deposits from these FedAccounts in order to tighten monetary policy;"

LOL, what do you think?

 

[dblack]

It's a good thing capitalism doesn't have to worry about "simple majority rule."

Indeed it is. It allows for a market that attends to the needs of everyone, not just the majority.

 

[Toddsterpatriot]

It's a good thing capitalism doesn't have to worry about "simple majority rule." When a small, greedy minority who own the means of production decided to ship millions of middle class jobs to low wage countries, levels of rising income inequality in the US became a representation of the will of rich people and the road to serfdom for the majority.

Did you ever find where capitalism killed 5 million from lack of drinking water?

 

[georgephillip]

Those were sovereign countries they invaded and imprisoned, dipshit.

In response to western efforts to deny democratic outcomes in Greece and Italy, Loon.

Origins of the Cold War - Wikipedia

"In Greece, during a civil war involving the communist-led partisan movement ELAS-EAM, British Special Forces terminated arms supplies to the ELA-ELAM, pro-monarchist armed forces were strengthened.[73][74]

"On the political front, Americans, with British encouragement, attempted to dismantle ELAS-EAM socialist structures in the countryside, and an anti-communist swing gradually occurred.[75]

"Western Allies conducted meetings in Italy in March 1945 with German representatives to forestall a takeover by Italian communist resistance forces in northern Italy and to hinder the potential there for post-war influence of the civilian communist party.[76][77]

"The affair caused a major rift between Stalin and Churchill, and in a letter to Roosevelt on 3 April Stalin complained that the secret negotiations did not serve to 'preserve and promote trust between our countries.'"

Yet another example of how capitalists hate democracy.

 

[Toddsterpatriot]

In response to western efforts to deny democratic outcomes in Greece and Italy, Loon.

Origins of the Cold War - Wikipedia

"In Greece, during a civil war involving the communist-led partisan movement ELAS-EAM, British Special Forces terminated arms supplies to the ELA-ELAM, pro-monarchist armed forces were strengthened.[73][74]

"On the political front, Americans, with British encouragement, attempted to dismantle ELAS-EAM socialist structures in the countryside, and an anti-communist swing gradually occurred.[75]

"Western Allies conducted meetings in Italy in March 1945 with German representatives to forestall a takeover by Italian communist resistance forces in northern Italy and to hinder the potential there for post-war influence of the civilian communist party.[76][77]

"The affair caused a major rift between Stalin and Churchill, and in a letter to Roosevelt on 3 April Stalin complained that the secret negotiations did not serve to 'preserve and promote trust between our countries.'"

Yet another example of how capitalists hate democracy.

You still whining because the commies lost?

 

[georgephillip]

You mean fascism.

Like this?

After Jan. 6, Investigating the Contours of a “Broad Fascist Movement” in the U.S.