Alexandria Ocasio Cortez - "Not All Dems Are The Same"
- Thread starter AnonymityX1000
- Start date
Then you must not want to win. Her shyt may work in New York and Cali., but most people that live in the middle of the country aren't going for it.
I dont believe in that appealing to the middle bullshyt democrats need to get off that shyt and actually appeal to the base. This isn't the 80s.
PoorAndDangerous
Superstar
Bro there is no financial mobility in the US, the odds are you will be the exact same class as your parents. The American dream is a lie and the ruling class loves that broke Americans will feel sorry for them thinking that one day they might strike gold and become rich
Conservative idiots lost their minds over a college student dancing.... while in college. You don't need to be a russian agent for that. Only a troll with a day off from work. This isn't top-notch spywork going on here.
she imitated the breakfast club while in college OH THE HUMANITY
conservatives are retarded
Reality Check
Keepin' it 100
Good luck trying to pitch a 70% tax rate
Perfectson
Banned
PoorAndDangerous
Superstar
Social mobility has declined sharply since 1980 because of income inequality. I'm just tired of people voting rich because they have delusions of grandeur . It's okay to be middle class, it would be a hell of a lot better if the top 1% would stop trying to halt bills and politicians that would help us at the cost of some of their profits.
King Kreole
natural blondie like goku
Of course increasing the money supply will devalue the dollar. That's the entire basis of inflation. My entire point has been that the amount of money in the economy is what matters, because that has an effect on real economic factors, like inflation and unemployment. The deficit is an abstract metric which is falsely used to imply that the US government uses tax dollars to fund its spending, like a private household.
the new deal established safeguards, the opening of the money supply did help us get out of the depression but that was after the money supply was choked off by paranoia . We are talking apples and oranges and Recession or Depression caused by too much money and a devaluation of the USD is not something that can be repaired simply by creating more money supply and spending itare you serious, tf?
The money supply should go up or down depending on real economic factors (inflation and unemployment), not red herring metrics like the deficit. The New Deal spending never didn't have to be "paid off", just like the recession stimulus spending never had to be paid off. The US government doesn't owe anybody that money. It just got put on the ledgers (numbers in computers). In the context of this issue, for the most part, the deficit doesn't matter and has no bearing on how the economy operates.
If the US government gets the money to pay for SS by taking it out of the revenues from SS tax, why do they pay it out before any expenditures? Can you take money out of your debit card that you haven't added in yet? No, you can only do that with a credit card, which relies on the bank to loan you the money before you pay it off. They're fronting you the money. The US government is its own bank. When it puts SS money into an individual's account, it doesn't check to see SS tax revenues. It's literally a government employee going to a computer and typing X amount, which the US debits from...itself. Because the government creates, out of thin air, the money it spends. That's the whole point. You can't owe yourself something only you create. Amazon can't owe itself Amazon gift cards.
In your scenario, the US government is still paying interest payments in the USD which it has sole license to create and can do so with impunity. The only ramifications come if there is inflation, which only happens if the broader economy already has a high flow of money, in which case the government can increase taxes to counteract the inflationary pressure. If that contractionary pressure causes unemployment to increase, the government can provide jobs to balance out the economy. Basically, at any time the government should be concerned with 2 questions: what is the inflation rate (IR), what is the unemployment rate (UR).
High UR + High IR (aka stagflation) = bite the bullet and shock the economy either way
High UR + Low IR = Stimulus (Government deficit spending to increase money supply and create jobs.)
Low UR + High IR = increase taxes on the highly employed economy to cool the money supply and fight inflation
Low UR + Low IR = Good times!
Notice, the deficit is not a piece relevant to acknowledge.
All knowledge is common until it's not. Post-keynesian neo-chartalism is the wave. Surf it.Amazon gift cards are plastic cards and the US dollar is paper money. Both absolutely are markers of valuation, and both have different constraints between users and creators. No one is arguing that USD devaluation isn't relevant, my whole point is that the deficit is a red-herring and the US doesn't need to tax to spend.
Greece was not the sole issuer of its currency, it was on the euro! The US is the sole issuer of its own currency, it hasn't given up financial sovereignty like Greece did. Greece couldn't enact stimulus policies or print more money because the EU was in control of their currency. That's why they were up shyt's creek without a paddle.
Im not gonna lie she is sexy as fukk but she dope also.
Perfectson
Banned
Good read but it's theoretical, at least the part you marked and doesnt make sense . CEO will just ask for equity and sell it after vesting
Of course increasing the money supply will devalue the dollar. That's the entire basis of inflation. My entire point has been that the amount of money in the economy is what matters, because that has an effect on real economic factors, like inflation and unemployment. The deficit is an abstract metric which is falsely used to imply that the US government uses tax dollars to fund its spending, like a private household.
The money supply should go up or down depending on real economic factors (inflation and unemployment), not red herring metrics like the deficit. The New Deal spending never didn't have to be "paid off", just like the recession stimulus spending never had to be paid off. The US government doesn't owe anybody that money. It just got put on the ledgers (numbers in computers). In the context of this issue, for the most part, the deficit doesn't matter and has no bearing on how the economy operates.
If the US government gets the money to pay for SS by taking it out of the revenues from SS tax, why do they pay it out before any expenditures? Can you take money out of your debit card that you haven't added in yet? No, you can only do that with a credit card, which relies on the bank to loan you the money before you pay it off. They're fronting you the money. The US government is its own bank. When it puts SS money into an individual's account, it doesn't check to see SS tax revenues. It's literally a government employee going to a computer and typing X amount, which the US debits from...itself. Because the government creates, out of thin air, the money it spends. That's the whole point. You can't owe yourself something only you create. Amazon can't owe itself Amazon gift cards.
In your scenario, the US government is still paying interest payments in the USD which it has sole license to create and can do so with impunity. The only ramifications come if there is inflation, which only happens if the broader economy already has a high flow of money, in which case the government can increase taxes to counteract the inflationary pressure. If that contractionary pressure causes unemployment to increase, the government can provide jobs to balance out the economy. Basically, at any time the government should be concerned with 2 questions: what is the inflation rate (IR), what is the unemployment rate (UR).
High UR + High IR (aka stagflation) = bite the bullet and shock the economy either way
High UR + Low IR = Stimulus (Government deficit spending to increase money supply and create jobs.)
Low UR + High IR = increase taxes on the highly employed economy to cool the money supply and fight inflation
Low UR + Low IR = Good times!
Notice, the deficit is not a piece relevant to acknowledge.
Amazon gift cards are plastic cards and the US dollar is paper money. Both absolutely are markers of valuation, and both have different constraints between users and creators. No one is arguing that USD devaluation isn't relevant, my whole point is that the deficit is a red-herring and the US doesn't need to tax to spend.
Greece was not the sole issuer of its currency, it was on the euro! The US is the sole issuer of its own currency, it hasn't given up financial sovereignty like Greece did. Greece couldn't enact stimulus policies or print more money because the EU was in control of their currency. That's why they were up shyt's creek without a paddle.
1. Wrong wrong wrong. You said the US doesn't use to tax to fund programs. I gave you the social security tax which is 100% facts, you then mentioned it doesn't check if it has money in its coffers before paying which is false. This is the reason why they have discussed reforming social security, because the social security tax is expected to fund social security, nothing else can be used...its a contribution They would remove benefits before aimlessly printing money.
2. All your other stuff is wrong or youve tapped danced around what you initially stated .
You keep saying it's just inflation without addressing the downward impacts of inflation which I continue discussing the holistic and interconnected framework of the economy noT just "inflation goes up" like you. You don't understand what prevents the US from just printing all this money shjchbwoikd desrkry the USD value and have a domino impact on purchasing power, interest rates, economics outlook, and the debt held and issued. You can't pay for shyt when your currency isn't worth anything .
You mentioned the book definition of fiscal policy which states taxing lowers inflation (in a vacuum )you would need the government to tax and burn the cash and you specifically state that you are increasing money supply to pay for shyt ...so you are taxiing and spending which has the opposite impact of causing higher inflation ! The only counter to that is if they're taxed to pay off the debts which would then have a potential downward impacts of stalling the economy due to lack of domestic consumer spending
3). That leads into the example of Greece. You're wrong again Greece can print it's own money !! They have a central bank in Greece and printing presses, this was discussed several times in economics papers....now you're right it's not as easy for them to print without direction but they surely could have with some other adverse impacts to their standing in the euro zones.
So let's table Greece and bring up Venezuela, who has done exactly as you stated and has in turn destroyed their economy. They are a sovereign nation and are a perfect example of printing money excessively and hyperinflation. The people and the market will not take the Venezuelan currency and the emergence of fictitious black market rates and collateral commodity cryptocurrencies are being pushed. Again this is a direct negative impact of what you believe is fake numbers in a computer.
I'm ignoring going tit for tat because you're trying to add in regurgitated concepts that has nothing to do what we are talking about. Which is your failure to grasp why US will not print more money for the sake of paying for programs they can't afford long term .
As much as I want to discuss your poor amazon card example it's a moot point because the above proves my point
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It’s actually common knowledge for people who actually know how poverty works. Most Americans remain in the same class they were born into. This is not debatable.
Perfectson
Banned
Except there have been drastic declines in poverty rates since the 1950s and we have had 3-4 years of declining poverty levels .
While true researchers have printed papers discussing this and the mobility is not great and less than other countries, what was originally stated isn't what happened over r the last 60 years and isnt what is happening now. Additionally social welfare programs keep people from progressing and capture them into the net , in addition consumer spending also plays a part as we tend not to save to create generational wealth. So there's a few items to take in consideration for those who actually what to access education and economic means to move up the ladder it's there...some tend not to for various reasons
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AnonymityX1000
Veteran
She's an agent for socialism! It's hilarious. lolConservative idiots lost their minds over a college student dancing.... while in college. You don't need to be a russian agent for that. Only a troll with a day off from work. This isn't top-notch spywork going on here.