The Rich Have Gained $5.6 Trillion in the 'Recovery'; The rest lost $660 Billion

[Dusty Bake Activate]

You're confusing corporatism with capitalism.




Government favoring a handful of corporations over the rest is corporatism. This happens in the form of "stimulus", QE3, bailout, 'RECOVERY', 'senate rules that make no sense' (Monsanto...lol) etc. President Obama has signed A LOT of corporatist laws. $5.6 trillion dollars of corporatism legislated. Corporatism is a flawed system.




So, I reiterate, where are all the defenders of Krugman and Keynes? Where are the champions of stimulus and QE3?




When the Fed decides to print trillions of dollars out of thin air, before it can be injected it into the economy, the money must first pass through other banks. Yes, the same banks owned and controlled by the "1%" which the Krugman/Keynes stans bravely crusade against.

So during this economic recovery, the FED did indeed print and loan trillions to other banks, which SHOCKINGLY ended up in the hands of the ultra rich. These Keynes/Krugan influenced policies basically made rich banks even richer. But that's not where the problems end.

That money, which didn't exist before, was introduced artificially into the economy (it was created out of thin air). So now the economy has to adjust to it through inflation. In plain words, we are going to pay more for a gallon of milk, carton of eggs, loaf of bread, gallon of gasoline, etc, while the rich laugh at us and get ready to print more because what is stopping them?

It's like money laundering when you think about it, expect they didn't pay to have their money laundered...we did :feelsbadman:.

I'm tired of having these same conversations over and over again and I'm watching the playoffs, but I will keep it short and say I'm not confusing anything, there's nothing preventing capitalism from inevitably leading to corporatism in today's world.

And at calling out the defenders of stimulus and QE and Krugman. I know you Ron Paul types live in an alternate universe, but stimulus and QE as well as some other Fed actions are the only things that kept us from Great Depression levels of unemployment. Krugman has been right about everything since the recession hit. The Chicago school freshwater types have been wrong on everything. This whole financial crisis has done more to rediscover and validate Keynes than anything in the last half a century.

Krugman won. http://www.businessinsider.com/paul-krugman-is-right-2013-4

 

[DEAD7]

Edit: Didn't notice you said Teddy. So you want to take it back to the sharecropping days?

He was one of the first Presidents to decry wealth, and helped bring about the early death of standard oil, and the rise of corporatism.

FDR was 1000 times worse though.

 

[Hulk Hogan]

FDR was 1000 times worse though.

Wir würden sprechen Deutsch wäre es nicht für Franklin Roosevent, Bruder!

 

[Chris Mauro]

capitalism is criminal

 

[DEAD7]

capitalism is criminal

Spoiler

 

[Wild self]

Shame how all that money is basically being stolen, but broke people still defend them thinking that they can get some

 

[No1]

Shame how all that money is basically being stolen, but broke people still defend them thinking that they can get some

I posted an article on this months backyabout American identifying with rich people on some "I'll be up there someday so why should I hate," nonsense. No homie, you will not make it up there some day. Less than 30% of people in this country ever end up in a higher income bracket than their parents.

 

[Wild self]

I posted an article on this months backyabout American identifying with rich people on some "I'll be up there someday so why should I hate," nonsense. No homie, you will not make it up there some day. Less than 30% of people in this country ever end up in a higher income bracket than their parents.

Look at the posts in this forum. You got people defending the likes of Puff and Fif thinking that they can be balling like them and thinking that if you worth less than $100 million as a black entertainer, you ain't worth shyt.

 

[DEAD7]

Shame how all that money is basically being stolen, but broke people still defend them thinking that they can get some

Stolen from who exactly? and how?

 

[Wild self]

Stolen from who exactly? and how?

tax payer money

 

[Rarely-Wrong Liggins]

Shame how all that money is basically being stolen, but broke people still defend them thinking that they can get some

These people are some fukking wierdos.

 

[DEAD7]

tax payer money

The rich are robbing tax payers...


For this to even be taken seriously, we'd have to assume the rich were not tax payers themselves....


once we have done that we get to the how? How have rich individuals robbed the tax payers?


details please.

 

[Marciano]

If you can't beat them, join them. If I had money to invest at the bottom of the Great Recession, I'd be sitting pretty too. The rich & wealthy already had the bread to invest & they proceed to do so....getting solid companies with good balance sheets for rock bottom share prices.

The average Black American knows nothing about investing. But before you can even invest "disposable income" you need to have a budget in order to set aside investment money. But most Black Americans don't even know how to budget. Quick to buy material items, even if its knockoff, spending hundreds if not thousands of dollars a year on their hair, shoes, autos, etc. No wonder we're losing.

I don't blame the rich & wealthy, they're playing the game how it's supposed to be played. I'm working to get myself there.

 

[NVME]

I posted an article on this months backyabout American identifying with rich people on some "I'll be up there someday so why should I hate," nonsense. No homie, you will not make it up there some day. Less than 30% of people in this country ever end up in a higher income bracket than their parents.

I agree with what you're saying, but I still wouldn't want to discourage a young entrepreneur. What a lot of younger people need to understand is that massive risk and hard work are a part of the "American Dream" job description and the job is achieving profitability...if you don't perform you're done. There's no fairness involved.

The side where I definitely agree with you is the corporate ladder. The corporate ladder is a complete scam. It's all about networking and not even necessarily results. I had heard about this, but didn't see how real it is until I got into the corporate world. The only way to fight it is to always look out for #1 .

 

[No1]

I agree with what you're saying, but I still wouldn't want to discourage a young entrepreneur. What a lot of younger people need to understand is that massive risk and hard work are a part of the "American Dream" job description and the job is achieving profitability...if you don't perform you're done. There's no fairness involved.

The side where I definitely agree with you is the corporate ladder. The corporate ladder is a complete scam. It's all about networking and not even necessarily results. I had heard about this, but didn't see how real it is until I got into the corporate world. The only way to fight it is to always look out for #1 .

I'm not trying to scare off the entrepreneur at all. If I listened to statistics, I never would be in the position I'm in. But, as a means of setting public policy, people siding with those who claim that pointing out the patterns of inequity produced by the American version of capitalism and corporatism is "class warfare" is nonsensical. It's like you do what you have to do, and worry about yourself but you can't be ignorant or greater societal ramifications and vote for policies that work against you.