Do you consider good credit purchasing power?These capitalists I mentioned created enterprises with great returns on capital. Gates', Bezos', and Zuckerberg's businesses all produced over 25% returns on equity during the last year. If their businesses continue to reinvest their earnings and grow 25% per year (which won't happen indefinitely), the effects on the American economy would be very favorable. Sanders and Warren not only want to tax those earnings more heavily, they want to force the entrepreneur class to sell their equity and pay the money to the government. This increase in consumption and decrease in investment may turbocharge the economy for a while but at some point the hangover will set in. Think Venezuela. Chavez and Maduro in Venezuela looked like economic geniuses for many hears, until they didn't.
No.
Is leveraging speculatuon against current spending a good idea?
No.
I'm far from an expert, but when that doesn't work who should pay the default?
We shouldn't run up so much we default. Trump actually has a novel solution. I believe he's stated it directly, and it's kind of in line with his idea of cutting interest rates to below zero while the economy's booming. Basically you finance the government with longer term debt and then run up inflation and devalue the currency. That's one way to screw the Chinese who hold our debt, but you also screw pension funds, elderly investors, and others with long term bonds. People like Trump who owe money would do well though.
Can you say "too big to fail"?
I used to agree with you. Looking back though, George W. Bush and Barrack Obama had no choice but to bail out the financial institutions. And the government got most of its money back. Include the billions and billions in fines the Feds later collected from banks from sometimes bogus claims related to shady mortgages and they made out like bandits.
I know Macron is right of center. Not a leftist. He's giving-in to pressure though.
France’s Weekend of Discontent: Yellow Vest and Pension Protesters Gather
As I understand it, the biggest complaint of the yellow shirts is the gasoline tax. This is a reaction against attempts by the French Government to comply with the Paris Accord and reduce greenhouse gasses. As to the pension issue I'm not informed.
‘Go back to work’: outcry over deaths on Amazon’s warehouse floor
Five hundred thousand people work for Amazon.
The death rate in the USA from heart disease is 100 per 100,000 people per year. That means 500 Amazon workers should die from heart disease every year. Some will die on the job.
Leave the capital with the capitalists.
Sure. Maybe they can trickle down some, instead of inflating their stock. Let's leave it up to them to decide what to do with it. Originally Posted by eccieuser9500
Sander's wealth tax rate is 8%/year. Please note that 12 years x 8% = 96%. If it weren't for the miracle of reverse compound interest, you'd wipe out the billionaire's fortune in 12 years. Sanders also wants to take 77% of what the "billionaire class" owns when they die and he'd raise the personal income rate, including income taxes masquerading as social security and Obamacare tax, to something like 67%. Warren, as you know, isn't as honest as Bernie, so her plans are a bit vaguer.
Preface: I'm "three sheets" right now after some good football. Not great but . . . .
__________________
I like the way you fuck me.
Lauren Mayfair
What does three sheets mean? Who's Lauren Mayfair and what's your secret to making her happy?
