What's your position on a universal minimum income?

[danielpalos]

Profit Center

Never thought you meant an actual profit center, as one might find at a for profit company.

I think you're wrong.

The Fed is the entity that in lieu of normal market supply and demand, determines the price of money. They also act as Congress's ATM machine, relieving our hallowed lawmakers from, you know, having to pay for all their fabulous ideas now in exchange for letting future generations pick up the bill fo

I stand against central price controls over anything. But the point is, you seem to misunderstand what the Fed is all about. They are by no means a profit center.

dude; a central Bank is supposed to make money, not lose money.

Wallow in your simplicity. Nothing I can do to help you.

Good luck.

the right wing, cannot handle, complicated.

 

[Markle]

Nope,
I am not being facetious. I will be blunt: bankers can create money by increasing debt. When private debt exceeds a certain level ( typically 150% of gdp) a crisis happens: consumption is reduced, sales decline, layoffs increase... etc.
How is that not greed? And why should bankers have the privilege of creating money and get away with murder ( aka bailed out) ?
Why not rescue the little folk ?

And let's be clear on this : banks never risk their own equity. In a worst case scenario they will use deposits to cover their arses.

Banks don't create money, that would be the Federal Reserve. That money, through a circuitous route, finds its way to the stock market, enriching the very rich. Thank you, President Obama.

Banks do create money. Every time they make a loan they create money out of thin air. They are only allowed to do a set percentage of their actual cash deposits but it's definitely created out of nothing.

Who knew they had printing presses in their basements?

 

[danielpalos]

even corporate paper is a form of money.

Monopoly money can be used as money, if you honor it. Somebody else, already made it.

 

[eflatminor]

Never thought you meant an actual profit center, as one might find at a for profit company.

I think you're wrong.

The Fed is the entity that in lieu of normal market supply and demand, determines the price of money. They also act as Congress's ATM machine, relieving our hallowed lawmakers from, you know, having to pay for all their fabulous ideas now in exchange for letting future generations pick up the bill fo

I stand against central price controls over anything. But the point is, you seem to misunderstand what the Fed is all about. They are by no means a profit center.

dude; a central Bank is supposed to make money, not lose money.

Wallow in your simplicity. Nothing I can do to help you.

Good luck.

the right wing, cannot handle, complicated.

Ah, the 'everyone that doesn't think like me is a simpleton' charge.

Powerful, very powerful...

 

[Slyhunter]

And argument can be made to screw the weak/poor. Let them die. Cheaper to burn the bodies then to keep them alive. Only those who can afford to pay for their medical deserves medical. A team weakness is it's weaker players and it's best to cull the bastards so the strong can thrive.

 

[danielpalos]

Capital MUST Circulate. That is my position.

I can have, True Faith in Capitalism, on that position.

 

[CultureCitizen]

Capital MUST Circulate. That is my position.

I can have, True Faith in Capitalism, on that position.

I don't have faith in capitalism. I view capitalism and market as a game. A game we use to be productive.
And it must be viewed as a game, a means , not a goal.
When wars are started, and people die as a concequence of a game, then it is time to review the rules of the game.

 

[eflatminor]

Capital MUST Circulate. That is my position.

I can have, True Faith in Capitalism, on that position.

I don't have faith in capitalism. I view capitalism and market as a game. A game we use to be productive.
And it must be viewed as a game, a means , not a goal.
When wars are started, and people die as a concequence of a game, then it is time to review the rules of the game.

Capitalists start wars? Or is it the politicians meddling in and extracting money from what are supposed to be free markets that start wars?

I'm thinking the latter, unless of course you can show be where WalMart started a war???

Capitalism is voluntary. Cronyism is not capitalism.

 

[CultureCitizen]

Capital MUST Circulate. That is my position.

I can have, True Faith in Capitalism, on that position.

I don't have faith in capitalism. I view capitalism and market as a game. A game we use to be productive.
And it must be viewed as a game, a means , not a goal.
When wars are started, and people die as a concequence of a game, then it is time to review the rules of the game.

Capitalists start wars? Or is it the politicians meddling in and extracting money from what are supposed to be free markets that start wars?

I'm thinking the latter, unless of course you can show be where WalMart started a war???

Capitalism is voluntary. Cronyism is not capitalism.

And how exactly do you differentiate politicians acting on their own from politicians influenced by capitalists? Thoes the term corporate media ring any bells?

What do you thind about the tobacco companies denying the fact that cigarettes increase cancer risk? It is certainly not a war, but it certainly deteriorates the living conditions of many people.

What about the medical establishment? It is quite clear that the insurance + private hospital combination has created an increase in healtcare rates. And, indeed, the way medicare and medicaid are set up have made it worse. No wars , so far.

What about the war on drugs? Something completely absurd and to which Milton Friedman was opposed.
Then, there is the industrial military complex. A relation so convoluted it is hard to tell what is right or wrong from an absolutist moral viewpoint ( see link).
So, Blackwater had no profit whatsoever from the wars in Iraq and Afghanistan?

Private prisions? Who exactly would be lobbying for longer sentences? Just the government on its own?
Blackwater: One of the Pentagon’s Top Contractors for Afghanistan Training
So , according to the link they were used to " stabilize Afghanistan by training the country’s security forces to support military operations against drug traffickers and other armed groups"

They didn't do a very good job according to this chart. In fact , they probably made the problem worse, as the result was a steady increase.

The divisiory line between politics and corporate interests is a murky place. Something very few conservatives are able to nortice and acknowlege.

And yes , of course, the conservative answer is usually downsizing the government, except of course the military sector.

 

[Boss]

I don't have faith in capitalism. I view capitalism and market as a game. A game we use to be productive.
And it must be viewed as a game, a means , not a goal.
When wars are started, and people die as a concequence of a game, then it is time to review the rules of the game.

You should have faith in capitalism, it's why you're not starving to death. It's not a game, it's a system, and a beautiful one. Through capitalism, ordinary people are able to prosper and grow wealth so that Socialists become jealous of them and want to steal it.

What do you do for a living, if you don't mind me asking? Or, what did you do if you're retired?

 

[eflatminor]

And how exactly do you differentiate politicians acting on their own from politicians influenced by capitalists?

Couldn't get past your first sentence.

Federal politicians should neither act on their own nor be influenced by cash. They should stick to the powers granted to them in the Constitution.

 

[danielpalos]

Capital MUST Circulate. That is my position.

I can have, True Faith in Capitalism, on that position.

I don't have faith in capitalism. I view capitalism and market as a game. A game we use to be productive.
And it must be viewed as a game, a means , not a goal.
When wars are started, and people die as a concequence of a game, then it is time to review the rules of the game.

Capital MUST Circulate. That is my position.

 

[EdwardBaiamonte]

When wars are started, and people die as a concequence of a game, then it is time to review the rules of the game.

culture creep strikes again!
HItler Stalin Mao killed 200 million for socialism. What's your best example of capitalism war and death????

 

[Darkwind]

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 .

Jobs have always been destroyed. Not too many ice or milk men these days.

Agreed, but then never have so many jobs been destroyed at the rate they are being destroyed now. The level of employment in the US peaked in the 2000s and hasn't ever recovered. It is only a 5% decrease ... but I doubt it will ever reach 65% again.
US Employment Population Ratio

Have you read Stiglitz's article on the great depression?
Joseph Stiglitz: “A Banking System is Supposed to Serve Society, Not the Other Way Around”

Lots of business have died, ain't started up or left. Too much government. Fix that and we'll have better numbers to work with.

Well , I assume you are a republican ... you ( republicans now have the upper hand ). Time to see if republican policies work ... or not.

Will we?

Is the left going to stop opposing every conservative policy promoted? Will they stop undermining programs and policy as implemented at the grass roots level?

No one can ever say, "we'll see if their policies work unless those policies are implemented fully without interference.

Think that is going to happen? I sure don't.

 

[danielpalos]

we have laws regarding employment at will; macro economics can provide some useful, market based metrics.

why not simply "bail out" Capitalism, like usual, and correct for the laissez-fair laziness of Capitalism and Capitalism's, natural rate of unemployment and inefficiency.

Capital Must Circulate; that is my position.

It can be done via the "goodness" of Socialism, well regulated.

 

[Slyhunter]

I don't have faith in capitalism. I view capitalism and market as a game. A game we use to be productive.
And it must be viewed as a game, a means , not a goal.
When wars are started, and people die as a concequence of a game, then it is time to review the rules of the game.

You should have faith in capitalism, it's why you're not starving to death. It's not a game, it's a system, and a beautiful one. Through capitalism, ordinary people are able to prosper and grow wealth so that Socialists become jealous of them and want to steal it.

What do you do for a living, if you don't mind me asking? Or, what did you do if you're retired?

The weak are left to die because they are too stupid or sick to live in a Capitalistic system.

Is society stronger or weaker if we treat Diabetes, Down Syndrome, Lyme's disease. Wouldn't we be better off if we executed the weak and moved on saving our energy for those who are worthy? Abort the weak, kill the seriously ill and the fatties, and society will prosper without them holding us back.

**** the weak.

 

[danielpalos]

I don't have faith in capitalism. I view capitalism and market as a game. A game we use to be productive.
And it must be viewed as a game, a means , not a goal.
When wars are started, and people die as a concequence of a game, then it is time to review the rules of the game.

You should have faith in capitalism, it's why you're not starving to death. It's not a game, it's a system, and a beautiful one. Through capitalism, ordinary people are able to prosper and grow wealth so that Socialists become jealous of them and want to steal it.

What do you do for a living, if you don't mind me asking? Or, what did you do if you're retired?

The weak are left to die because they are too stupid or sick to live in a Capitalistic system.

Is society stronger or weaker if we treat Diabetes, Down Syndrome, Lyme's disease. Wouldn't we be better off if we executed the weak and moved on saving our energy for those who are worthy? Abort the weak, kill the seriously ill and the fatties, and society will prosper without them holding us back.

**** the weak.

just right wing fantasy, at its finest?

 

[Boss]

The weak are left to die because they are too stupid or sick to live in a Capitalistic system.

Is society stronger or weaker if we treat Diabetes, Down Syndrome, Lyme's disease. Wouldn't we be better off if we executed the weak and moved on saving our energy for those who are worthy? Abort the weak, kill the seriously ill and the fatties, and society will prosper without them holding us back.

**** the weak.

Sorry, I disagree. It is through capitalism that society has built the wealth to research these illnesses and find cures for diseases, to help the needy and poor and lift them out of poverty or keep them from starving and dying.

It is the antithesis of Capitalism (Socialism) where we see people suffering, starving and dying.

 

[danielpalos]

Mogadishu had no taxes for over a decade; how many fortune five hundred firms went, there.

 

[MaryL]

Theoretically? Perhaps it would be better to have a MAXIMUM wage, instead, based on productivity. Raising the minimum wage just raises the overall cost of living and doesn't help anyone in the long run. Like the dog chasing it's tail, it's delusional.