- Mar 7, 2014
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Just like I thought. You pointed out the stock market makes the rich richer. You are just a complainer. No vision. A more graduated tax structure moved that money out of the top.
Well, you're wrong. Because you're not thinking outside of your box.
Why does boom and bust happen? That's what you need to ask yourself.
Why do people need more stuff produced today than they need producing next year? Often they don't.
What happens is people lose their jobs, can pay for things, so don't buy things and things then don't get produced which reduces jobs, which reduces the need for buying things and on and on.
If we didn't have such high booms, we wouldn't have such low busts. But the government pushes the booms. It makes sense for them. They look good, their political career is improved in the short term.
Boom and bust is short term thinking. The US presidency is a short term thing, you only need to care for four years. Once you're re-elected, does it matter?
So, we're back to how people are elected. Proportional Representation with a parliamentary system would allow the US to be more long term in thought. For example.