nickqt
Diamond Member
- Jan 15, 2015
- 8,175
- 9,161
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Uh, no. If you want an example of what I advocated, and what I propose below, just take a look at the US, in general, from the 30s to the 70s.
The reason the economic system is broken is not just from lowering taxes, but free trade deals that removed tariffs that protected American workers, and deregulation that has made financing 40% of the f-ing economy. That economic triumvirate allows for the richest people to have lots and lots of excess capital that they want returns on. So, they give it to criminals on Wall St. who inflate bubbles and break laws by the minute. This allows the criminals to earn themselves Fees, Commissions and Bonuses, while initially giving the rich awesome returns on investment. All the while, free trade allows the rich to increase their own profits by shutting down and selling for scrap the manufacturing base, and exporting it to the third world, where lack of labor laws, environmental laws, and human rights in general, provides less "costs of doing business".
Of course, the people who have the money, and the people who get to fondle the money love the current system, because even when they do blow up the economy in general, they're still sitting on loads of money, and they've even created a nice Firesale so that they can trade in dollars for actual wealth - land, equipment, and licenses. The corollary to there being a lot of "losers" when the stock market and world economy takes a shit is that there are a few key massive winners. If you have more money than you need, economic depressions and stock market crashes are amazing.
I think it's tragic, and hilarious, that we allow the people who profit the most from economic downturns to run the economy, but that's just me.
First things first. Taxes are too low. Taxes should be raised, with breaks for businesses that don't outsource labor. Even the playing field, in essence. The government is the people, and we have every f-ing right to decide that we don't want businesses to write our laws to favor business, and that to do business in the US market of 330 million people with a lot of money, that business has to follow a few f-ing rules, or go sell shit in Somalia, good luck have fun y'all.
Second, free trade deals that effectively outsource labor because the country that is going to be doing the manufacturing doesn't have the same laws as the US should be tweaked so that those countries have a timeline to introduce similar laws, or the tariffs come back. Make it so that Chinese business pays their workers even close to what US workers make while not allowing other third world countries to vacuum up those jobs, and watch the jobs come back here as it becomes as cheap to make shit here again. Plus, the JobCreators would find it useful to strap-on an American flag to their wares and pretend like they give a shit that it's Made in America.
Third, rein in Wall St. As long as Wall St. criminals can violate laws, earn $5 Billion from the violation, and only pay back $500 Million, they will. It's called the cost of doing business. It's akin to a bank robber taking $50,000 from robbing a bank, and when caught only having to return $5,000, with no jail time.
It isn't as simple as just raising taxes to 500%, as morons will argue that I am proposing. And it isn't as easy as just removing money from politics, which is a state of politics that is as realistic as any Libertarian utopia myth. It will take a whole lot to get the economy to work for everyone equally, and there are plenty of models that we could look to for help, but as long as one of the two political parties screams until it turns blue that any changes it doesn't favor is communism, then it doesn't matter. Which means the status quo will continue, which the rich don't mind at all, in the slightest, thank you very much.
Want to talk about "political correctness" shutting down debate? Just take a look at the economic discussions that are allowed to be spoken aloud in the United States.
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