MILLIONAIRES AND BILLIONAIRES SHOULD NOT EXIST

[Spurs Champs99]

"You don't need a million or billion fucking dollars in America.

You fucking don't.

That money can be used to feed America's poor, fund healthcare, fund social and government programs.

F*** off. "

What do you think of this notion?

[TheGreatYacht]

"You don't need a million or billion fucking dollars in America.

You fucking don't.

That money can be used to feed America's poor, fund healthcare, fund social and government programs.

F*** off. "

What do you think of this notion?

Billionaires shouldn't exist tbh. Just like their is a salary cap in the NFL and NBA, there should be a salary cap on wealth. The elites hoard all the fucking wealth while the masses are working 60+ hours a week fighting for table scraps.

How much money is needed to make someone happy?

https://youtu.be/cxy5mRTIjiA

[koriwhat]

"You don't need a million or billion fucking dollars in America.

You fucking don't.

That money can be used to feed America's poor, fund healthcare, fund social and government programs.

F*** off. "

What do you think of this notion?

i think people who feel that way are just jealous and have a problem with money tbh.

[koriwhat]

...while the masses are working 60+ hours a week fighting for table scraps.

they should've learned to become millionaires and billionaires tbh... most of the masses aren't high level thinking people coming up with solutions, products, biz's, etc... it is what it is.

[FrostKing]

I think that notion was shared by me in grade school. As were many Democrat position.

[Roscoe P. Coltrane]

So how much should the players on the Spurs make?

[TheGreatYacht]

That Time FDR Owned The GOP So Hard They Bent The Knee

https://youtu.be/HcHu119J_H8

[DarrinS]

https://media.tenor.com/images/1fb168a3e7cfda345a6e3db5403276b7/tenor.gif

[hater]

agreed 1000% about billionaires


but millionaires???

a million is chump change tbqh

my house is already about a mil

come on now

[DMX7]

agreed 1000%

You agree with that? I wouldn't have expected that from you. I actually don't agree with OP. I think they should exist.

[hater]

You agree with that? I wouldn't have expected that from you. I actually don't agree with OP. I think they should exist.

my bad was editing my post

read again. billionaires should not exist

but milkionaires . shit guilty as charged sue me

[TheGreatYacht]

You agree with that? I wouldn't have expected that from you. I actually don't agree with OP. I think they should exist.

hater is not on team left or right. My boy hater is not on team Democrat or Republican. And just like myself, he is anti-war and anti-Zionist.

The rest of the people on this forum defending Democrats and Republicans are a bunch normie sheeps. You will see me and hater shit on Democrats just as much as Trump and Republicans. Most of everyone else here are tribalist snowflakes that only see the world as black and white.

The team sports mentality of politics. The normies are :cheer

[Millennial_Messiah]

I do agree with a personal salary cap of $5 Million per year after taxes, everything else should be taxed at 100% that is not already taxed by FICA taxes

[Reck]

LOL Suddenly making money is a sin.

Take Bill Gates for instance. Guy makes millions pretty much on a daily basis...but he also gives millions back to charity and whatever else. Your argument position is that anyone who makes a billion dollars should just stop working and let their company die or what is your point?

Such a weak argument to make.

[hater]

I do agree with a personal salary cap of $5 Million per year after taxes, everything else should be taxed at 100% that is not already taxed by FICA taxes

as long as that cap is adjusted by inflation :tu

[hater]

hater is not on team left or right. My boy hater is not on team Democrat or Republican. And just like myself, he is anti-war and anti-Zionist.

The rest of the people on this forum defending Democrats and Republicans are a bunch normie sheeps. You will see me and hater shit on Democrats just as much as Trump and Republicans. Most of everyone else here are tribalist snowflakes that only see the world as black and white.

The team sports mentality of politics. The normies are :cheer

:tu

only a complete moron would pick a “side” in this farce called a 2 party system :lmao

[ducks]

Why ?
If someone earned it and not stole it more power to them !

[ducks]

LOL Suddenly making money is a sin.

Take Bill Gates for instance. Guy makes millions pretty much on a daily basis...but he also gives millions back to charity and whatever else. Your argument position is that anyone who makes a billion dollars should just stop working and let their company die or what is your point?

Such a weak argument to make.

Bill gate gives away a lot true
I think he is greedy still because he could lower his product cost and help everyone not just who the hell he wants

[Spurtacular]

"You don't need a million or billion fucking dollars in America.

You fucking don't.

That money can be used to feed America's poor, fund healthcare, fund social and government programs.

F*** off. "

What do you think of this notion?

You for getting rid of the fed?

[Spurtacular]

Bill gate gives away a lot true

To himself.

[Reck]

To himself.

Retard alert! Retard alert!

[Spurtacular]

Retard alert! Retard alert!

Tranny lashing out.

:lol "Retard altert!"

https://assets-global.website-files.com/576d13c8eb5794cb5888fc50/59301dd41c8590356533e7d0_GatesFoundation_WEB.png

[Chucho]

What a stupid thread to put on a sports forum. Sycophancy enables the vast majority of ill-gotten wealth.

Everyone who complains about "corporate" millionaires and billionaires probably obeys social norms and glorifies celebrities, athletes and can't stop buying the stuff that creates the "corporate" rich boys they claim to loathe, but are directly responsible for their creation. It's Murican hypocrisy 101.

"They got the money. :cry I can't stop giving them my money :cry" pretty much.

[hater]

What a stupid thread to put on a sports forum. Sycophancy enables the vast majority of ill-gotten wealth.

Everyone who complains about "corporate" millionaires and billionaires probably obeys social norms and glorifies celebrities, athletes and can't stop buying the stuff that creates the "corporate" rich boys they claim to loathe, but are directly responsible for their creation. It's Murican hypocrisy 101.

"They got the money. :cry I can't stop giving them my money :cry" pretty much.

as I said millionaires are a dime a dozen these days and due to inflation this will only increase

but billionaire? thats filth. we arr talking about a thousand times a millionaire

nobody needs that money nobody deserves a billion dollars

rob them

[BD24]

agreed 1000% about billionaires


but millionaires???

a million is chump change tbqh

my house is already about a mil

come on now
This tbh. No one needs a billion dollars, but a million is really not that much money.

I’m assuming OP doesn’t make over 30k if he thinks a million dollars is some astronomical number

[Chucho]

as I said millionaires are a dime a dozen these days and due to inflation this will only increase

but billionaire? thats filth. we arr talking about a thousand times a millionaire

nobody needs that money nobody deserves a billion dollars

rob them


I don't get how people can say someone "deserves" or "doesn't deserve" money like they're omnipotent, infallible superior beings who pass final judgement.

But then again...you always be "callin det shit", so I dunno.

[Chucho]

This tbh. No one needs a billion dollars, but a million is really not that much money.

I’m assuming OP doesn’t make over 30k if he thinks a million dollars is some astronomical number

What's the assumption here tho? If you're going to blow it all, yeah $1M is gone after a home and a car, but if you draw a mill as your annual salary, that's plenty of financial security beyond necessity.

[SpursforSix]

What's the assumption here tho? If you're going to blow it all, yeah $1M is gone after a home and a car, but if you draw a mill as your annual salary, that's plenty of financial security beyond necessity.

Is it though? Suppose one becomes disabled? Or maybe someone wants to save and purchase a business.

[Chucho]

Is it though? Suppose one becomes disabled? Or maybe someone wants to save and purchase a business.

If you make $1 million a year and can't qualify for a biz loan...you fucked up. If you can't afford insurance and health care for your loved on at $1 million a year,you might be irresponsible.

[SpursforSix]

If you make $1 million a year and can't qualify for a biz loan...you fucked up. If you can't afford insurance and health care for your loved on at $1 million a year,you might be irresponsible.

So you're forcing someone to get a loan. And as to the disability, I'm talking about someone relatively young that becomes disabled and can't work again.

I think my main point being that it's a pretty low cap and there are plenty of situations where someone could get screwed.

Does this $1,000,000 also apply to capital gains? I don't know how that could even work.

[hater]

I don't get how people can say someone "deserves" or "doesn't deserve" money like they're omnipotent, infallible superior beings who pass final judgement.

But then again...you always be "callin det shit", so I dunno.

thats my opinion. noone not even jesus deserves a billion

im for taxing over 10 million at 100% rate tbqh. and adjust yearly for inflation

[Chucho]

So you're forcing someone to get a loan. And as to the disability, I'm talking about someone relatively young that becomes disabled and can't work again.

I think my main point being that it's a pretty low cap and there are plenty of situations where someone could get screwed.

Does this $1,000,000 also apply to capital gains? I don't know how that could even work.

OK, don't take a loan. If you make $1m per and can't save to open a business, you're living habits need adjusting so you can save. Fairly simple.

Disability policies are cheap. Even Andy can afford one. If you're making $1m, you'd think that's a given. This person needs a financial advisor. How'd he get so far in life to be able to make $1m a year?

[SpursforSix]

OK, don't take a loan. If you make $1m per and can't save to open a business, you're living habits need adjusting so you can save. Fairly simple.

Disability policies are cheap. Even Andy can afford one. If you're making $1m, you'd think that's a given. This person needs a financial advisor. How'd he get so far in life to be able to make $1m a year?

There's a shit load of stuff not covered by disability. We'll have to agree to disagree on all this. I don't want to keep having to come up with shit to back up my hypothetical scenario.
I'll agree that for the large majority of situations, most people would be OK.

I can just see instances where someone would come out on the wrong side of things.

What about the small business owner who is making around $1,000,000? Where's his incentive to expand?

[Chucho]

What about the small business owner who is making around $1,000,000? Where's his incentive to expand?

From first hand knowledge, it depends where you want to expand, how large? Does he need more employees? Does he want to stay under 50 employees to avoid massive benefits costs? What does this business owner do? How much will his worker's comp go up? If he wants to expand, he'll have to increase marketing to keep demand high to justify expansion. It's a lot of shit.

Expansion isn't cheap and there are deterrents that prevent some owners from taking that next leap. Case in point, we moved EVERYTHING to Boise and besides myself and two other Management holdovers, all of our employees are in Boise now. We closed the CA corp down. California makes it nearly unprofitable to have a business out here if you want to hire actual people with functioning brains. The silly minimum wage increases founded on almost no research, ruined the job market in the smaller areas that can't sustain those wages.

Lo and behold, just the full move, with the tax savings alone is going to be an extra 10 points on margins this year. We're able to give our agents better wages and everything that was figured into the comp plan in Cali is figured into our ID employee comp plan and productivity is higher as well this year. Attendance is much better as well. Crazy how much just moving over the state border can make or break a biz.

[RandomGuy]

agreed 1000% about billionaires


but millionaires???

a million is chump change tbqh

my house is already about a mil

come on now

One thing I might agree with you on.

[RandomGuy]

I don't get how people can say someone "deserves" or "doesn't deserve" money like they're omnipotent, infallible superior beings who pass final judgement.

But then again...you always be "callin det shit", so I dunno.

Not a question of knowledge.

A question of morality.

How much wealth does one person truly need, especially when there are people dying from simple lack of health care in the US?

How fair should the country be?

Lets say that one person controls all the wealth in the US. Is this a good thing?

Dunno. "fair" and "equitable" are hard concepts to pin down.,

[CosmicCowboy]

Everyone in here should aspire to be millionaires by the time they retire unless they want to be eating cat food and sleeping in a tent for their "golden years".

[ElNono]

What a stupid thread to put on a sports forum. Sycophancy enables the vast majority of ill-gotten wealth.

Everyone who complains about "corporate" millionaires and billionaires probably obeys social norms and glorifies celebrities, athletes and can't stop buying the stuff that creates the "corporate" rich boys they claim to loathe, but are directly responsible for their creation. It's Murican hypocrisy 101.

"They got the money. :cry I can't stop giving them my money :cry" pretty much.

Meh, I have much more respect for corporate profits made out of tangible goods, with risk taking, than fee-based or tax subsidized profits, with basically very minimal or no risk.

I understand the latter is much more preferable than the former for the investor, but the latter is what creates huge wealth inequalities, and how we end up on a system where in theory everybody has the same opportunity to raise to the top, but in practice there’s very specific socioeconomic factors that shoot up or down the odds, that go well beyond mere education.

[pgardn]

Focus on the unequal distribution.
Its a sign of a sick system that will eventually crumble.

A fair discussion on wealth distribution, what is considered unhealthy and why.
And it’s wealth, not necessarily income.

[pgardn]

Everyone in here should aspire to be millionaires by the time they retire unless they want to be eating cat food and sleeping in a tent for their "golden years".

Stay healthy as possible, die quickly, no lingering.
The likelyhood of this increases with good health.
People need to move their fckn body much more.
People need to know how to take care of their body.

The above would be a huge boost to financial well-being for most and actually allow insurance to work.
Bad genetics and accidents will still happen. But taking most of the population out of the vicious cycle of in and out of hospitals at old age, ... Huge help.

An lack of education is the root problem yet again.

[RandomGuy]

Everyone in here should aspire to be millionaires by the time they retire unless they want to be eating cat food and sleeping in a tent for their "golden years".

One needs approximately 2M at a minimum for that.

Almost no one has that. Even few your age have that.

The rich have stilted the tax code to allow themselves to accumulate vast sums of money that they or their descendants will never be able to spend, ever.

How many old people are you willing to let die because they can't afford air conditioning, or simple medication?

[RandomGuy]

Meh, I have much more respect for corporate profits made out of tangible goods, with risk taking, than fee-based or tax subsidized profits, with basically very minimal or no risk.

I understand the latter is much more preferable than the former for the investor, but the latter is what creates huge wealth inequalities, and how we end up on a system where in theory everybody has the same opportunity to raise to the top, but in practice there’s very specific socioeconomic factors that shoot up or down the odds, that go well beyond mere education.

I don't have a problem with corporations making profits per se.

I do have a problem with most of those profits flowing to a few hundred people. I do have a problem with those profits coming at the expense of the employees generating them.

I do have a problem with the profits made by, and going to protecting monopolies, duopolies, monopsonies, and cartels, that foster and stifle competition, i.e. the failures of the free market that increasingly dominate our economy.

I am going to bet that almost everybody who reads this post will have to look up the word monopsony. Once you look it up Think Walmart. Think chicken processors. If you don't know about the latter... well watch Last Week Tonight more, it's bloody brilliant.

[BD24]

What's the assumption here tho? If you're going to blow it all, yeah $1M is gone after a home and a car, but if you draw a mill as your annual salary, that's plenty of financial security beyond necessity.
Well sure, not all millionaires draw a million a year though. Theoretically though, yes if you make 1 mill a year you should be able to live pretty comfortably, even if living somewhere like CA or NYC

[BSfromTX]

This argument always frustrates me. The millionaires and even billionaires are not the elite and certainly not the enemy, so who is? You should look deeper into that question and not look just anywhere for answers. The truth is very hard to find.

Why is there a wealth discrepency? You have to first study how "money" is created and distributed and who does it. This is where the real theft lies and it is supported by both republicans and democrats, so forget pointing the finger across the isles.

Taking from the millionaires only increases the distance between classes and is only addressing the symptom. As someone already stated, you had better get 1M before retiring or you will be broke... He's referring to inflation, and that is the hidden tax on ALL of us. Again, you can blame this on those that create our fiat currency. It should be congress that controls our currency as stated in the constitution, but that never gets brought up because thats a no no and oh yeah the constitution is old and antiquated.

Once you begin to understand money and how it is created as well as the history behind it, you begin to understand why we have war, famine, poverty etc.. At least in my opinion it has made more sense and explains a lot as to how we got here. It also causes me to shake my head when I see all the attention toward impeachments, Clinton emails, and being "woke". It's minutia. It means nothing. To think that our presidents have our best interests at heart is completely insane. This is a big show with very little impactful outcome either way. Presidents answer to only a few and you can sure as hell bet its not the millionaires and billionaires.

You can be sure of three things with any repub or dem in office. The national debt will increase (if not double) with each term, government will grow, and we will have war. We will continue to be divided on so many fronts: class, race, gender, gay marriage, govt spending, religion, you name it. It solves nothing. Social issues are the least of our issues. As long as we continue to bitch at each other, we will fall deeper into serfdom.

Its funny, but I listen to both liberals and conservatives and deep down they really want the same things. They just cant stop listening to narratives that keep them trapped in the matrix.

[RandomGuy]

This argument always frustrates me. The millionaires and even billionaires are not the elite and certainly not the enemy, so who is?

Bullshit.

The hyperwealthy are the clear enemy. The money they use to fund politics in this country infect and corrupt every decision the government makes. They hyper wealthy for the most part do not give two shits about anyone with less money, and even less shits for people who can't afford the basics.

[BSfromTX]

Bullshit.

The hyperwealthy are the clear enemy. The money they use to fund politics in this country infect and corrupt every decision the government makes. They hyper wealthy for the most part do not give two shits about anyone with less money, and even less shits for people who can't afford the basics.

i agree, but the ones reallly in charge and control our govt are not the millionaires. They are the trilliinaires and really the amount they make is a moot issue, because this is monopoly, they are the bankers, and can do as they please. The guy that starts a pressure washing business from a HS education, gets contracts with whatburger and other chain restaurants for pressure washing their parking lots, grows the business and sells it for over 1M. Is he really an enemy? No, not only did he make it on his own, but he made it in a market that is not entirely free and is full of regulations and taxation. The hyper rich really are not even the bill gates or warren buffets. They are just another link in the chain of command. Play by the rules and you keep your fortune.

Your have to lose the hostility and knee jerk reactions. You can’t paint the wealthy with a broad guilty brush. It’s way more complex than that. The millionaires and even billionaires are still below the level that runs this country, and the corporate media is more than happy for the masses to believe they are to blame. It’s how they divide and conquer.

[CosmicCowboy]

Bullshit.

The hyperwealthy are the clear enemy. The money they use to fund politics in this country infect and corrupt every decision the government makes. They hyper wealthy for the most part do not give two shits about anyone with less money, and even less shits for people who can't afford the basics.

Do you have Netflix's? Suggest you watch a series called something like "inside Bill Gates brain". Its pretty illuminating even for a hater like you.

[TheGreatYacht]

i agree, but the ones reallly in charge and control our govt are not the millionaires. They are the trilliinaires and really the amount they make is a moot issue, because this is monopoly, they are the bankers, and can do as they please.

Your have to lose the hostility and knee jerk reactions. You can’t paint the wealthy with a broad guilty brush. It’s way more complex than that. The millionaires and even billionaires are still below the level that runs this country, and the corporate media is more than happy for the masses to believe they are to blame. It’s how they divide and conquer.

The Corbett Report - Century of Enslavement The History of The Federal Reserve

https://youtu.be/NyLGi_UCs74
The Rothschilds Family - The Men Who Saved Europe

https://youtu.be/VjPC-tnw7Ik

[ElNono]

This argument always frustrates me. The millionaires and even billionaires are not the elite and certainly not the enemy, so who is? You should look deeper into that question and not look just anywhere for answers. The truth is very hard to find.

Why is there a wealth discrepency? You have to first study how "money" is created and distributed and who does it. This is where the real theft lies and it is supported by both republicans and democrats, so forget pointing the finger across the isles.

Taking from the millionaires only increases the distance between classes and is only addressing the symptom. As someone already stated, you had better get 1M before retiring or you will be broke... He's referring to inflation, and that is the hidden tax on ALL of us. Again, you can blame this on those that create our fiat currency. It should be congress that controls our currency as stated in the constitution, but that never gets brought up because thats a no no and oh yeah the constitution is old and antiquated.

Once you begin to understand money and how it is created as well as the history behind it, you begin to understand why we have war, famine, poverty etc.. At least in my opinion it has made more sense and explains a lot as to how we got here. It also causes me to shake my head when I see all the attention toward impeachments, Clinton emails, and being "woke". It's minutia. It means nothing. To think that our presidents have our best interests at heart is completely insane. This is a big show with very little impactful outcome either way. Presidents answer to only a few and you can sure as hell bet its not the millionaires and billionaires.

You can be sure of three things with any repub or dem in office. The national debt will increase (if not double) with each term, government will grow, and we will have war. We will continue to be divided on so many fronts: class, race, gender, gay marriage, govt spending, religion, you name it. It solves nothing. Social issues are the least of our issues. As long as we continue to bitch at each other, we will fall deeper into serfdom.

Its funny, but I listen to both liberals and conservatives and deep down they really want the same things. They just cant stop listening to narratives that keep them trapped in the matrix.

^ this is a fairly boilerplate ignoramus argument. Basically, when you don't understand how economics work, just put the blame on some grand conspiracy.

You need to take an economics 101 class urgently.

[Xevious]

The original question is fucked up. There are ten-thousand-some-odd millionaires in the US today. Most of that money is first generation, saved up and invested over a working lifetime. Most of those people made average, or slightly above average incomes. Invested well, a 1mil dollar investment will create around 100k a year in interest to live off of. And that's not counting the value of one's home, or any real estate investments they have. Now how can somebody say that those people don't deserve something they worked so long and hard to achieve?

I realize the discussion moved toward the upper-echelon-billionaires... but to say that nobody needs a million dollar plus net worth is ridiculous. If you retire in your 60s and live another thirty years or so, you better hope that you're a millionaire.

[BSfromTX]

^ this is a fairly boilerplate ignoramus argument. Basically, when you don't understand how economics work, just put the blame on some grand conspiracy.

You need to take an economics 101 class urgently.

well then please enlighten me. When a private institution is granted to create our currency, loan it to us (with interest), and not required to have any reserve.... what is wrong with that assessment?

I use use to watch the corporate media and get caught up in these silly arguments until I felt like it didn’t make any sense and there had to be something that provides a better explanation... so please, tell me how it really works.

Lets pretend I am totally wrong.....why not take a little more diplomatic approach. Instead of insulting me, why not give me an explanation of why you feel I am an “ignoramus”. Wouldn’t you want me to see what you see? We all have different experiences and backgrounds. You may know a lot more than me, but perhaps I have experienced things that you have not. I am not “against you”, or anyone else in this forum...

I have learned one thing in life: you can not trust the media or formal education to teach you how the world works. Economics you say? Let’s apply simple economics 101 to currency. Supply and demand. The dollar “the world reserve currency. Backed by nothing except our military and the need to purchase oil. Creating the dollar sounds like a monopoly on currency. Does it not? How am I wrong? We have been told that the world economy is far too complex for us to understand and we should simply hand it over to the professionals. I don’t buy it .


Insults in this forum are a dime a dozen. Bring a real take

[TheGreatYacht]

well then please enlighten me. When a private institution is granted to create our currency, loan it to us (with interest), and not required to have any reserve.... what is wrong with that assessment?

I use use to watch the corporate media and get caught up in these silly arguments until I felt like it didn’t make any sense and there had to be something that provides a better explanation... so please, tell me how it really works.

Lets pretend I am totally wrong.....why not take a little more diplomatic approach. Instead of insulting me, why not give me an explanation of why you feel I am an “ignoramus”. Wouldn’t you want me to see what you see? We all have different experiences and backgrounds. You may know a lot more than me, but perhaps I have experienced things that you have not. I am not “against you”, or anyone else in this forum...

I have learned one thing in life: you can not trust the media or formal education to teach you how the world works. Economics you say? Let’s apply simple economics 101 to currency. Supply and demand. The dollar “the world reserve currency. Backed by nothing except our military and the need to purchase oil. Creating the dollar sounds like a monopoly on currency. Does it not? How am I wrong? We have been told that the world economy is far too complex for us to understand and we should simply hand it over to the professionals. I don’t buy it .


Insults in this forum are a dime a dozen. Bring a real take

The Truth About Money

https://youtu.be/uWcVxssAs2g

Pretty much how the Federal Reserve works and money in general tbh...

[ElNono]

well then please enlighten me. When a private institution is granted to create our currency, loan it to us (with interest), and not required to have any reserve.... what is wrong with that assessment?

I use use to watch the corporate media and get caught up in these silly arguments until I felt like it didn’t make any sense and there had to be something that provides a better explanation... so please, tell me how it really works.

Lets pretend I am totally wrong.....why not take a little more diplomatic approach. Instead of insulting me, why not give me an explanation of why you feel I am an “ignoramus”. Wouldn’t you want me to see what you see? We all have different experiences and backgrounds. You may know a lot more than me, but perhaps I have experienced things that you have not. I am not “against you”, or anyone else in this forum...

I have learned one thing in life: you can not trust the media or formal education to teach you how the world works. Economics you say? Let’s apply simple economics 101 to currency. Supply and demand. The dollar “the world reserve currency. Backed by nothing except our military and the need to purchase oil. Creating the dollar sounds like a monopoly on currency. Does it not? How am I wrong? We have been told that the world economy is far too complex for us to understand and we should simply hand it over to the professionals. I don’t buy it .

Insults in this forum are a dime a dozen. Bring a real take

No, really, I didn't call you ignoramus as an insult. You really don't know what you're talking about, that's what really comes across pretty quickly, at least on your original post. You sound like a proud mechanic trying to make sense of a nuclear reactor. It just won't work out without the whole ole physics education, etc.

I can spend countless hours and posts explaining why almost every Central Bank in the whole world is largely an independent entity, and why that is important (among other things, to avoid the whims of political power du jour), and I can explain what inflation is (which is integral to understanding how a fiat economy functions, why low inflation like in the US is good for an economy, boosts credit, which in turn boosts employment, produces growth, etc etc etc). Why high inflation is bad, why depression is bad, what role GDP plays. What are terms like the velocity of money, and why they matter in the context of any economy. We can go over the differences between sovereign currency vs non-sovereign currency, why that is important wrt the debt, and why the US has been in a very fortunate position since WW2. Why a country's economy is nothing like a household economy. What's the difference between different macroeconomic schools of thought (Keynesianism, Monetarism, Austrian, etc) and theories of money, etc.

There's just too much to cover, and I truly don't have the time. I'll recommend a couple of books, in case you're the reading kind and truly have an interest in the topic:

This one is a bit older, but still a great introduction to economics:
https://www.amazon.com/Economics-One-Lesson-Shortest-Understand/dp/0517548232

This other one is also a good starting point, but it's more centered around the economists more representative of the different approaches to macroeconomics:
https://www.amazon.com/What-Would-Great-Economists-Brilliant-ebook/dp/B077F3ZNR9

I should also mention scott hasn't posted in a while here, but if you can dig up some of this old posts and discussions from many years ago, he's an actual economics teacher, and as any really good teacher, had the ability to explain some of the more complex topics in layman's terms. An ability I don't posses.

[RandomGuy]

The Truth About Money

https://youtu.be/uWcVxssAs2g

Pretty much how the Federal Reserve works and money in general tbh...

David Icke... fuck right off. More whackadoodle bullshit.

[RandomGuy]

Do you have Netflix's? Suggest you watch a series called something like "inside Bill Gates brain". Its pretty illuminating even for a hater like you.


https://youtu.be/KWNQuzkSqSM

I suggest you watch this. Pretty illuminating, even for an apologist like you.

[RandomGuy]

i agree, but the ones reallly in charge and control our govt are not the millionaires. They are the trilliinaires and really the amount they make is a moot issue, because this is monopoly, they are the bankers, and can do as they please. The guy that starts a pressure washing business from a HS education, gets contracts with whatburger and other chain restaurants for pressure washing their parking lots, grows the business and sells it for over 1M. Is he really an enemy? No, not only did he make it on his own, but he made it in a market that is not entirely free and is full of regulations and taxation. The hyper rich really are not even the bill gates or warren buffets. They are just another link in the chain of command. Play by the rules and you keep your fortune.

Your have to lose the hostility and knee jerk reactions. You can’t paint the wealthy with a broad guilty brush. It’s way more complex than that. The millionaires and even billionaires are still below the level that runs this country, and the corporate media is more than happy for the masses to believe they are to blame. It’s how they divide and conquer.

They aren't "the bankers". They are the people who own the banks.

There are no trillionaires.

Millionaires are fairly common.

Billionaires are the hyperwealthy. Once you get above 100M, that pretty much means you now have more money than you will ever use.

You seem to have the mis-impression that people can be self-made these days. The data we have on how "sticky" poverty says that is an exception rather than the rule.

Working hard at low wages, just means you are working two or three jobs, and you will never accumulate enough wealth to actually move up in income. Poverty is expensive.

Try answering this question:

How "sticky" is poverty in the US? The real answer will surprise you, i.e. "very". Happy to back that up, with a LOT of data.

The upward mobility is a myth, useful for the hyperwealthy as it offers a tantalizing hope that gets useful idiots (poor rural voters) that watch too much Fox news or listen to various right wing radio shows.

Capitalism and free-markets have people that worship them as if it is some sort of inerrant deity. That dogma is dangerous. Free-markets have plenty of failures.

When you hear people talking about free-markets as if it can do no wrong, think back to what is said here, particularly about the strawman segment:


https://www.youtube.com/watch?v=o6-Htscvf4k

[RandomGuy]

Do you have Netflix's? Suggest you watch a series called something like "inside Bill Gates brain". Its pretty illuminating even for a hater like you.

Case in point.

Let's get at your dogma.

Are people poor because they make bad decisions?

Or do people make bad decisions because they are poor?

What is the causal connection?

How do you know?

[RandomGuy]

well then please enlighten me. When a private institution is granted to create our currency, loan it to us (with interest), and not required to have any reserve.... what is wrong with that assessment?

I use use to watch the corporate media and get caught up in these silly arguments until I felt like it didn’t make any sense and there had to be something that provides a better explanation... so please, tell me how it really works.

Lets pretend I am totally wrong.....why not take a little more diplomatic approach. Instead of insulting me, why not give me an explanation of why you feel I am an “ignoramus”. Wouldn’t you want me to see what you see? We all have different experiences and backgrounds. You may know a lot more than me, but perhaps I have experienced things that you have not. I am not “against you”, or anyone else in this forum...

I have learned one thing in life: you can not trust the media or formal education to teach you how the world works. Economics you say? Let’s apply simple economics 101 to currency. Supply and demand. The dollar “the world reserve currency. Backed by nothing except our military and the need to purchase oil. Creating the dollar sounds like a monopoly on currency. Does it not? How am I wrong? We have been told that the world economy is far too complex for us to understand and we should simply hand it over to the professionals. I don’t buy it .

Insults in this forum are a dime a dozen. Bring a real take



The dollar “the world reserve currency. Backed by nothing except our military and the need to purchase oil.

The dollar is the reserve currency because after WW2 our economy was the only one really undamaged by the war. We had a stable, transparent monetary policy, and kept politics out of it for the most part.

The dollar then became the reserve currency because there was a demand for something like it, and a real cost to changing to something else.

Bit of a huge tome, but you might benefit from reading this:
https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Century