Politicians speak often about income ine******y (Page 2): It’s a terrible thing when we look away from where dark money is going, we seem to cross our fingers and hope the black...

The Critical Critic Loc: Turtle Island

Lonewolf wrote:

Continuous war hasn't helped , how much money has the Pentagon been unable to account for was it 600 billion.and hardly a peep from congress.

It’s a terrible thing when we look away from where dark money is going, we seem to cross our fingers and hope the black projects being funded by it, benefit the people who ultimately pay for them.

Wasn’t Hillary Clinton the Secretary of State when that went missing? Not saying she had anything to do with it, just that she would be a good person to ask.

The Critical Critic Loc: Turtle Island

Radiance3 wrote:

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Printing of money will have devastating effects. The value of dollar will drastically be lower, thus inflation gets worst. When the value of the dollar gets lower, China takes advantage of buying more of our bonds or treasury bills. China holds at present, the largest US debts to $1.12 trillion, ahead of Japan of $1.08 trillion.

Controlling inflation by raising interest rates will have devastating effects to our national debts. At present our national debts is $22.2 trillion. Annual interest are accrued on those debts, thus by raising rates, our debts get higher.

Balance budget is difficult to achieve. Funding these tens of millions of illegal invaders inside our country, and controlling those still crossing costs us taxpayers approximately $338 billion per year. That is more than 50% of our annual trade deficits.

Trade imbalance adds more to our budget deficits. More outflows than inflows result to our consumer spending getting out of our country. Thus tax revenue collected from corporate businesses is lesser.

The deficit in goods and services was $621 billion in 2018. Imports were $3.1 trillion and exports were only $2.5 trillion.

If we continue this trade imbalance, we could not control our national debts but keeps on growing. This is due to the fact that lesser tax revenue is collected, to help our budget deficit.

With budget deficits, in order to continue operations the Federal Reserves issue bonds, treasury notes, treasury bills, on behalf of the US Treasury. These add to our national debts, plus the annual accrued interest. Higher interest rates, is one of the negative effects, though it may curb inflation.

Inflation occurs when there are more demands than supplies. In good economy like ours today, where 96.4% of adults work, there is a tendency for more demands, cause people have money to buy. Interest rate is carefully monitored, though president Trump wants it contained at same level.

I tend to agree with president Trump about increasing tariff with our imports. Though, it needs careful analysis of the bad and good effects overall to our economy.

All the democrat candidates I think are all DUMB to solving these problems. Their brains are now loaded with Socialism, or C*******m. Their solutions to solve income ine******y. Enlarge the government power that consumes and spend our money. Then re-distribute the money to the masses to have e******y as they demand from everybody who work hard and produce. They also will use our money to buy the v**es of these people with lucrative promises of free everything, paid by us the taxpayers.

That will be a very dangerous precedence, and will cause demise to our democratic-republic. Then our country becomes Socialist like Venezuela, North or Central America. This is the future and plan of the democrat party for our country.

Please get rid of the DEMS on Nov. 2020. They'll syphon all our hard earned money, and redistribute to dumbbells and lazy ones and i*****l a***ns for income e******y.

Their hypocrisy is so blatant. Capitalize, support and sympathize with kids of those i******s, while they murder their own babies, via a******ns, and even when the baby is already born alive.

In addition, notice that all the States, Cities, and Counties managed by DEMOCRATS have more than half a million homeless people. The DEMS abandon their own, while they feed and support the tens of millions of illegal invaders. They call their support compassion.

================= br I Printing of money will hav... (show quote)

Some valid points made there, Radiance. Thank you for sharing.

The Critical Critic Loc: Turtle Island

teabag09 wrote:

While they are enriching themselves off of us. Fking bastards but we put them there and let them get away with it. How STUPID is that? Mike

On a scale of 1 to 10...? 12!

Canuckus Deploracus Loc: North of the wall

The Critical Critic wrote:

Kind of you to say... thank you for taking the time to read them.

Will be over for six weeks... Nothing but camping, hiking and kayaking... Plus a little family time

Canuckus Deploracus Loc: North of the wall

The Critical Critic wrote:

It’s a terrible thing when we look away from where dark money is going, we seem to cross our fingers and hope the black projects being funded by it, benefit the people who ultimately pay for them.

Wasn’t Hillary Clinton the Secretary of State when that went missing? Not saying she had anything to do with it, just that she would be a good person to ask.

Isn't it in her book?

What does ''What Wappened?'' refer to?

I meant to read it... But the copy I got was just the cover... The contents were ''Understanding Trump''...

teabag09

Canuckus Deploracus wrote:

Will be over for six weeks... Nothing but camping, hiking and kayaking... Plus a little family time

Might want to change the priority unless it's been family all along. If the later is the case, lucky family. Mike

teabag09

Lonewolf wrote:

We should try trickle up for a few years because trickle down never worked!

How will trickle up work. If you have nothing you have nothing to flow up. Please explain your suggestion. Mike

Canuckus Deploracus Loc: North of the wall

teabag09 wrote:

Might want to change the priority unless it's been family all along. If the later is the case, lucky family. Mike

Always family... My grandma is hitting 96... Got a couple dozen cousins and cousin's kids to see... Plus my sisters and their litters...

We live in the Kootenays and are blessed to be outdoorsy folk

Thanks for the sentiment

Lonewolf

The Critical Critic wrote:

It’s a terrible thing when we look away from where dark money is going, we seem to cross our fingers and hope the black projects being funded by it, benefit the people who ultimately pay for them.

Wasn’t Hillary Clinton the Secretary of State when that went missing? Not saying she had anything to do with it, just that she would be a good person to ask.

It was around that time or right at the end of Bush I'll look tomorrow.
But I deal by now much has been buried.

Lonewolf

teabag09 wrote:

How will trickle up work. If you have nothing you have nothing to flow up. Please explain your suggestion. Mike

Maybe eliminating the minimum wage and replace it with a liveing wage like it was intended.
We seam to have money for ever one and everything but the American people.

teabag09

Lonewolf wrote:

Maybe eliminating the minimum wage and replace it with a liveing wage like it was intended.
We seam to have money for ever one and everything but the American people.

Maybe you don't understand. A $7.25 minimum wager is this that. It's taking a person who has no real sk**ls and giving them a job at the bottom. I think $7.25 is too much. I worked my way up from almost paying to work in the 50's just to get my foot in the door. An automatic $15.00 dollar minimum will only increase the cost of a Micky Dees hamburger as well as the rent the person getting the raised wage has to pay. It'll also cost YOU more in all utilities. What is it about you losers that you can't understand about economics??? Mike

The Critical Critic Loc: Turtle Island

Canuckus Deploracus wrote:

Will be over for six weeks... Nothing but camping, hiking and kayaking... Plus a little family time

Omg, I’m so jealous! If my summer wasn’t so unpredictable this year, I’d have to have you PM me some directions.

Enjoy your time, my friend. And don’t blink.

The Critical Critic Loc: Turtle Island

Canuckus Deploracus wrote:

Isn't it in her book?

What does ''What Wappened?'' refer to?

I meant to read it... But the copy I got was just the cover... The contents were ''Understanding Trump''...

The Critical Critic Loc: Turtle Island

Lonewolf wrote:

It was around that time or right at the end of Bush I'll look tomorrow.
But I deal by now much has been buried.

Probably. But I look forward to anything you may find.

The Critical Critic Loc: Turtle Island

Lonewolf wrote:

Maybe eliminating the minimum wage and replace it with a liveing wage like it was intended.
We seam to have money for ever one and everything but the American people.

”Starting in 2019, the city of Stockton will join San Francisco and Oakland in testing a “Universal Basic Income” (UBI) program that could eventually be expanded to a state or national level. The official website for the initiative explains:

The [program] will provide at least 100 Stocktonians with a Guaranteed Income of $500 per month for 18 months. The Guaranteed Income will be unconditional, with no work requirements and no restrictions on how the money can be spent.

The Stockton experiment is 100 percent privately funded, with a one-million-dollar grant from the Economic Security Project co-founded by Chris Hughes (who also co-founded Facebook). In a CNN interview, Hughes argues that a guaranteed income can improve socioeconomic ine******y and help Americans achieve their vocational goals:

At the core of America is the idea that people have the opportunity to live their own dreams, that they can be the person they want to be. If you want to be a teacher, nurse, artist or businessperson, you should have every chance to work toward that goal. That requires a good education and the ability to work your way up over time. But every step along that journey requires cash of some sort—to pay for a security deposit on an apartment, the gas money to interview for a job, or for childcare while you're in classes at the local community college. Right now, people have little cushion, and poor and even middle-class people have no savings to pay for basic expenses.

Tech CEOs like Mark Zuckerberg and Elon Musk have argued that a UBI can also shield people from poverty if they lose their jobs to machines and give them enough economic security to acquire new sk**ls.

While those on the right typically bristle at new welfare programs, many have come out in support of a UBI because it could drastically streamline the welfare state. A common argument is that if our 80+ welfare programs were replaced with a UBI, it would reduce perverse incentives, shrink bureaucracy, and boost overall effectiveness. Even celebrated libertarian economists such as Friedrich Hayek and Milton Friedman supported similar policies that would create a minimum level of income.

However, there are multiple reasons to be skeptical of a UBI improving the status quo.

One consideration is that any welfare program will dis-incentivize work to some degree, and a UBI is hardly an exception. As a Heritage Foundation report explains:

The overwhelming majority of Americans believe that able-bodied adults should be required to work or prepare for work as a condition of receiving aid. This was the core principle behind welfare reform in the 1990s. As noted, the UBI abandons that principle. By removing work requirements from welfare, UBI would decrease work among the poor and increase dependence on government.

Discouraging work could have wide social consequences and goes against the American spirit of entrepreneurship that helps create new types of jobs for the modern economy.

Additionally, a UBI may only treat a symptom of a deeper problem. A recent chart created by economist Mark Perry shows that from 1997-2018 the costs of medical care, college education, and other goods and services skyrocketed. This has decimated the disposable incomes of average Americans.

Would we not be better off by getting government out of the markets and eliminating some of the thousands of American tariffs to lower the cost of living?

Finally, there are also concerns that implementing a UBI is impossible because of insurmountable political and logistical barriers. As Brittany H****r explains in an article, repealing the dizzying array of welfare programs in favor of a UBI “would surely be political suicide since you run the risk of angering someone.” For this reason, H****r argues that any large-scale UBI proposal would likely be a welfare addition, rather than a replacement:

If anything, incorporating a UBI in America would most likely result in an additional layer of the welfare being added on top of our existing programs. This would, in effect, increase the state’s power rather than decrease it. Governments are rarely keen on relinquishing their power, and there is great power in controlling the welfare of the citizenry.

Even though there are many reasons to be skeptical, Stockton’s UBI program could be a valuable experiment that helps inform the discussion of future policy proposals. Relatively little evidence exists regarding the effectiveness of UBI programs, and using small-scale implementations to gather data is a low-risk way to help ascertain the concept’s large-scale viability.

What do you think about the UBI concept? Would it be an improvement to the status quo, or just an ineffective waste of money?”

Reprinted from Intellectual Takeout

By: Andrew Berryhill

(He is an Alcuin Fellow at Intellectual Takeout. He is a rising senior at Hillsdale College majoring in economics. Andrew has interned on Capitol Hill and was a research fellow for Hillsdale's economics department. In his spare time, he enjoys practicing the violin and playing golf.)