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So again, why bail out the banks and not the little folk?
Private debt skyrocketed and was followed by a collapse in the economy. Japan went through 20 years of stagnation precisely for the same reason. And what about the US? The economy isn't exactly booming.
We have laws regarding the concept of employment at will; the right wing has a problem being legal to it.capitalism has a Natural rate of unemployment.
The level of unemployment is a fake measure. Employment level on the other hand peaked in 200 and has never again gotten to that point. Iff it recovers to that point I'll put to rest any concerns I have regarding the role of automation.
i think we should audit the drug war and our wars on crime, poverty, and terror, instead of the Fed.notice how you had to change the subject????? What do you learn from that??Why not rescue the little folk ?
total stupid!!! trillion each year spent on failed individuals for life who never pay back a penny!!
Bank bailouts were 100% different!!! Do you ever get anything right?
Did you know the exact same thing happend in the '30s? Private debt skyrocketed and was followed by a collapse in the economy. Japan went through 20 years of stagnation precisely for the same reason. And what about the US? The economy isn't exactly booming.
No , I didn't change it . It is to drill the point that the only thing they achieved was to sabilize the economy.
Furthermore, in spite of Obama's declarations it seems the bailout was much larger and those loans were not fully paid:
The Big Bank Bailout
"In fact, $7.7 trillion of the secret emergency lending was only disclosed to the public after Congress forced a one-time audit of the Federal Reserve in November of 2011. After the audit the public found out the bailout was in trillions not billions; and that there were no requirements attached to the bailout money - the banks could use it for any purpose."
So again, why bail out the banks and not the little folk?
it takes capital to make more capital.So again, why bail out the banks and not the little folk?
total stupid!!! trillions each year spent on failed little folks for life who never pay back a penny!!
Bank bailouts were 100% different!!!and 100% paid back!!! Do you ever get anything right?
I too wish it was a lie, there is little evidence, but, indeed, it seems the bailout costed trillions , and not some billions.liberal liar!!!!!!!!!!!!!!!!!!!Furthermore, in spite of Obama's declarations it seems the bailout was much larger and those loans were not fully paid:
Not all of the banks who received TARP money have repaid the loans. ... But, the fact remains, due to interest, dividends and other revenue streams, the government has received more money back ($266.7 billion, according to the Treasury) than it handed out to banks under the bailout law ($245.2 billion).
Barack Obama says banks paid back all the federal bailout money ...
www.politifact.com/.../barack-obama-says-banks-paid-back-all-federal-bail/
i think we should audit the drug war and our wars on crime, poverty, and terror, instead of the Fed.notice how you had to change the subject????? What do you learn from that??Why not rescue the little folk ?
total stupid!!! trillion each year spent on failed individuals for life who never pay back a penny!!
Bank bailouts were 100% different!!! Do you ever get anything right?
Did you know the exact same thing happend in the '30s? Private debt skyrocketed and was followed by a collapse in the economy. Japan went through 20 years of stagnation precisely for the same reason. And what about the US? The economy isn't exactly booming.
No , I didn't change it . It is to drill the point that the only thing they achieved was to sabilize the economy.
Furthermore, in spite of Obama's declarations it seems the bailout was much larger and those loans were not fully paid:
The Big Bank Bailout
"In fact, $7.7 trillion of the secret emergency lending was only disclosed to the public after Congress forced a one-time audit of the Federal Reserve in November of 2011. After the audit the public found out the bailout was in trillions not billions; and that there were no requirements attached to the bailout money - the banks could use it for any purpose."
So again, why bail out the banks and not the little folk?
the fed is a profit center not a cost center; if there is any exigency at all, it must be with cost centers, first.i think we should audit the drug war and our wars on crime, poverty, and terror, instead of the Fed.notice how you had to change the subject????? What do you learn from that??total stupid!!! trillion each year spent on failed individuals for life who never pay back a penny!!
Bank bailouts were 100% different!!! Do you ever get anything right?
Did you know the exact same thing happend in the '30s? Private debt skyrocketed and was followed by a collapse in the economy. Japan went through 20 years of stagnation precisely for the same reason. And what about the US? The economy isn't exactly booming.
No , I didn't change it . It is to drill the point that the only thing they achieved was to sabilize the economy.
Furthermore, in spite of Obama's declarations it seems the bailout was much larger and those loans were not fully paid:
The Big Bank Bailout
"In fact, $7.7 trillion of the secret emergency lending was only disclosed to the public after Congress forced a one-time audit of the Federal Reserve in November of 2011. After the audit the public found out the bailout was in trillions not billions; and that there were no requirements attached to the bailout money - the banks could use it for any purpose."
So again, why bail out the banks and not the little folk?
Why not all?
the fed is a profit center not a cost center; if there is any exigency at all, it must be with cost centers, first.i think we should audit the drug war and our wars on crime, poverty, and terror, instead of the Fed.notice how you had to change the subject????? What do you learn from that??Did you know the exact same thing happend in the '30s? Private debt skyrocketed and was followed by a collapse in the economy. Japan went through 20 years of stagnation precisely for the same reason. And what about the US? The economy isn't exactly booming.
No , I didn't change it . It is to drill the point that the only thing they achieved was to sabilize the economy.
Furthermore, in spite of Obama's declarations it seems the bailout was much larger and those loans were not fully paid:
The Big Bank Bailout
"In fact, $7.7 trillion of the secret emergency lending was only disclosed to the public after Congress forced a one-time audit of the Federal Reserve in November of 2011. After the audit the public found out the bailout was in trillions not billions; and that there were no requirements attached to the bailout money - the banks could use it for any purpose."
So again, why bail out the banks and not the little folk?
Why not all?
There should be no world wide minimum wage if it means taking money away from Americans to give to people who aren't Americans.Many economists ( Steeve Keen, Milton Friedman ) as well as some institutions (singularity university) and busienssmen (Elon Musk) advocate for a universal minimum income.
What's your position regarding this policy?
References:
Universal minimum income to be above poverty line ( about $11 per day)
Minimum wage ( about $57 per day)
Median individual income ( about $88 per day)
Addendum :the singularity university is dedicated to solving big problems using AI. Elon musk is concerned about the role of man in an increasingly aoutomated world.
Basic income - Wikipedia
Did you know the exact same thing happend in the '30s? Private debt skyrocketed and was followed by a collapse in the economy. Japan went through 20 years of stagnation precisely for the same reason. And what about the US? The economy isn't exactly booming.
notice how you had to change the subject????? What do you learn from that??
No , I didn't change it . It is to drill the point that the only thing they achieved was to sabilize the economy.
Furthermore, in spite of Obama's declarations it seems the bailout was much larger and those loans were not fully paid:
The Big Bank Bailout
"In fact, $7.7 trillion of the secret emergency lending was only disclosed to the public after Congress forced a one-time audit of the Federal Reserve in November of 2011. After the audit the public found out the bailout was in trillions not billions; and that there were no requirements attached to the bailout money - the banks could use it for any purpose."
So again, why bail out the banks and not the little folk
Profit Centerthe fed is a profit center not a cost center; if there is any exigency at all, it must be with cost centers, first.i think we should audit the drug war and our wars on crime, poverty, and terror, instead of the Fed.notice how you had to change the subject????? What do you learn from that??
No , I didn't change it . It is to drill the point that the only thing they achieved was to sabilize the economy.
Furthermore, in spite of Obama's declarations it seems the bailout was much larger and those loans were not fully paid:
The Big Bank Bailout
"In fact, $7.7 trillion of the secret emergency lending was only disclosed to the public after Congress forced a one-time audit of the Federal Reserve in November of 2011. After the audit the public found out the bailout was in trillions not billions; and that there were no requirements attached to the bailout money - the banks could use it for any purpose."
So again, why bail out the banks and not the little folk?
Why not all?
A profit center. I've never heard that. What do you mean?
Profit Centerthe fed is a profit center not a cost center; if there is any exigency at all, it must be with cost centers, first.i think we should audit the drug war and our wars on crime, poverty, and terror, instead of the Fed.No , I didn't change it . It is to drill the point that the only thing they achieved was to sabilize the economy.
Furthermore, in spite of Obama's declarations it seems the bailout was much larger and those loans were not fully paid:
The Big Bank Bailout
"In fact, $7.7 trillion of the secret emergency lending was only disclosed to the public after Congress forced a one-time audit of the Federal Reserve in November of 2011. After the audit the public found out the bailout was in trillions not billions; and that there were no requirements attached to the bailout money - the banks could use it for any purpose."
So again, why bail out the banks and not the little folk?
Why not all?
A profit center. I've never heard that. What do you mean?
Doesn't the same argument hold true when income tax is reduced?
Prices should go up because everyone has more money to spend?
I have been getting an education every single day of my life: I am a computer scientist, and I am actually very concerned about the advances in AI, many jobs are going to be destroyed in the next 20 years, it is going to be very hard for people to retool for the kind jobs that will be needed .
Yo, if you`re concerned about your future? I suggest you start getting into another job now, you can start driving a Big Rig, cost you nothing, join a trucking company who will pay for your training, and you can make more or the same as you`re making now! People need to use their GOD giving Brain, simple!!!
P.S. You Might Get Your Hands Dirty, But You Can Pay Your Bills, And Fill Your Stomach!!!
"GTP"
View attachment 112929
Driving anything is a short term solution. No longer a good career choice as driverless cars and trucks are going to put millions of drivers out of work in the near future. By near future, I mean less than 20 years and most likely we'll start seeing a big effect in fewer than 10 years.
Yo, I see what you`re saying, BUT? I can`t see a Big Rig going down the highway without a driver!
"GTP"
View attachment 113395
I have been getting an education every single day of my life: I am a computer scientist, and I am actually very concerned about the advances in AI, many jobs are going to be destroyed in the next 20 years, it is going to be very hard for people to retool for the kind jobs that will be needed .
Yo, if you`re concerned about your future? I suggest you start getting into another job now, you can start driving a Big Rig, cost you nothing, join a trucking company who will pay for your training, and you can make more or the same as you`re making now! People need to use their GOD giving Brain, simple!!!
P.S. You Might Get Your Hands Dirty, But You Can Pay Your Bills, And Fill Your Stomach!!!
"GTP"
View attachment 112929
Driving anything is a short term solution. No longer a good career choice as driverless cars and trucks are going to put millions of drivers out of work in the near future. By near future, I mean less than 20 years and most likely we'll start seeing a big effect in fewer than 10 years.
Yo, I see what you`re saying, BUT? I can`t see a Big Rig going down the highway without a driver!
"GTP"
View attachment 113395
You will.
No driver error and a rig could go coast to coast stopping only for fuel. Modern airplanes can take off, complete their flight and land without a pilot touching hardly a thing.
Unless you are a banker ...There isn't a magic money tree that can solve all our problems.
Doesn't the same argument hold true when income tax is reduced?
Prices should go up because everyone has more money to spend?
First of all, everyone doesn't have more money to spend. Only income tax payers get to keep more of the money they earned. It's not free money that everybody gets. The amounts vary depending on your income and some will get nothing. But, generally speaking, any time the market has more expendable resources it increases demand and if supply remains the same, prices go up. With tax cuts, especially on the top marginal incomes, the results are more supply oriented, businesses are expanded which increases supply. This means lower prices.
A good exercise with proposals such as yours is to amplify them and examine potential results. Why not give everyone $50,000? Or better yet, let's give everybody, including the homeless bums, $500,000! Why wouldn't this be awesome? If your idea is good, this should be phenomenal.... but you can imagine it wouldn't work. Why? Whatever reasons it wouldn't work are true with your proposal as well, all that is different is the scale.
Now, you will notice your proposal isn't very popular. According to the poll, 65% agree with me, there should be no minimum universal income. It's because most mature people who are capable of thinking above a 5-year-old level, understand that nothing is free. There isn't a magic money tree that can solve all our problems.
I have been getting an education every single day of my life: I am a computer scientist, and I am actually very concerned about the advances in AI, many jobs are going to be destroyed in the next 20 years, it is going to be very hard for people to retool for the kind jobs that will be needed .
Profit Centerthe fed is a profit center not a cost center; if there is any exigency at all, it must be with cost centers, first.i think we should audit the drug war and our wars on crime, poverty, and terror, instead of the Fed.No , I didn't change it . It is to drill the point that the only thing they achieved was to sabilize the economy.
Furthermore, in spite of Obama's declarations it seems the bailout was much larger and those loans were not fully paid:
The Big Bank Bailout
"In fact, $7.7 trillion of the secret emergency lending was only disclosed to the public after Congress forced a one-time audit of the Federal Reserve in November of 2011. After the audit the public found out the bailout was in trillions not billions; and that there were no requirements attached to the bailout money - the banks could use it for any purpose."
So again, why bail out the banks and not the little folk?
Why not all?
A profit center. I've never heard that. What do you mean?
Unless you are a banker ...There isn't a magic money tree that can solve all our problems.
Doesn't the same argument hold true when income tax is reduced?
Prices should go up because everyone has more money to spend?
First of all, everyone doesn't have more money to spend. Only income tax payers get to keep more of the money they earned. It's not free money that everybody gets. The amounts vary depending on your income and some will get nothing. But, generally speaking, any time the market has more expendable resources it increases demand and if supply remains the same, prices go up. With tax cuts, especially on the top marginal incomes, the results are more supply oriented, businesses are expanded which increases supply. This means lower prices.
A good exercise with proposals such as yours is to amplify them and examine potential results. Why not give everyone $50,000? Or better yet, let's give everybody, including the homeless bums, $500,000! Why wouldn't this be awesome? If your idea is good, this should be phenomenal.... but you can imagine it wouldn't work. Why? Whatever reasons it wouldn't work are true with your proposal as well, all that is different is the scale.
Now, you will notice your proposal isn't very popular. According to the poll, 65% agree with me, there should be no minimum universal income. It's because most mature people who are capable of thinking above a 5-year-old level, understand that nothing is free. There isn't a magic money tree that can solve all our problems.
If production remains the same and the amount of money increases then yes, prices go up. If production and money suply increases are coupled then there is no inflation.
No . Amplifying is not valid Boss. I clearly stated it should not exceed 10% of the GDP.
People get free stuff anyway: education , healthcare, roads. Why not give them the money and let them decide how they use it?
Milton Friedman proposed it instead of welfare. Yes , it could cause inflation, but once again , that same goes for all personal income an payroll taxes.
And no , it isn't ther to solve all problems, just to create a safety net in case of trouble.
