Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
In the same post you compared the US to other developed countries for healthcare costs, then complain about how much we tax our citizens.
That is pretty funny.
We need to tax rich individuals and rich corporations more and they should pay for affordable health treatments for all Americans. Yes, just like in Canada, Australia, Great Britain, Germany, Sweden and etc. Tomorrow when we slip into a DEPRESSION, the rich need to pay for the SURVIVAL OF OUR NATION.
The US Constitution authorizes the government to tax. Most of anti-tax rich people like having a big powerful army, like having nice big clean roads for their big fast German cars, like having clean schools to send their children for education (and they like paying teachers less and less to do this), they like having big prisons to keep bad guys off the streets of suburbia, they like bridges that don't fall down; they like having an army of police in case bad guys try to break into their large house(s). They don't like services for poor people; yes, I realize that. It's the taxation FOR THE POOR they don't like; but the taxation for the rich they do like. I see.
Rich Americans are not over-taxed. Their soul is just being underrepresented in their political philosophy. Fascism wants to destroy the poor, kill out the shadow, because it fears the shadow, fears being absorbed into the racial shadow-land, through a shared poverty. It's understandable. No one likes to lose power. That's why Economic Depression is built in to the system: so that the proud, rich, overlords will have to lose their pride, fall down to the ground, discover their knees again, their vulnerability, their heart, and, thereby, become human again.
Affordable Health Care is a problem we all face in America. But in ALMOST ALL advanced countries this is not a worry. This is NOT a worry in most of Europe, Canada, Great Britain, Australia. We have free public education in America. We should have free medical treatment. Who pays for it? The rich do, rich individuals and corporations. That is who pays for it in Europe, Canada, Sweden, Norway, Great Britain, Australia.
No, it isn't. In many of these areas, they had the foresight to keep middle-class wages from falling below levels that allow them to pay the bulk of the taxes that will be used to fund their own health care, retirement and other such programs. In this country, we didn't do that. As profits soared, we let wages fall to the point where 50% and more of all workers were not paid enough to owe any income tax at all. This is why it is ONLY the rich who can afford to pay for public benefits here. Accordingly, they will ultimately be handed the bill for it all.
Otherwise, as simply dreadful as your economics tend to be, the points about social responsibility and access to health care are more than apt enough.
No, it isn't. In many of these areas, they had the foresight to keep middle-class wages from falling below levels that allow them to pay the bulk of the taxes that will be used to fund their own health care, retirement and other such programs. In this country, we didn't do that. As profits soared, we let wages fall to the point where 50% and more of all workers were not paid enough to owe any income tax at all. This is why it is ONLY the rich who can afford to pay for public benefits here. Accordingly, they will ultimately be handed the bill for it all.
Otherwise, as simply dreadful as your economics tend to be, the points about social responsibility and access to health care are more than apt enough.
Yes, what happened to you "dreamers" who lied to yourself in order to believe that Fed was on the side of workers in America? What happened to Barak Obama to make him believe that funneling billions of taxpayer money to corrupt and bankrupted Wall Street banks and corporations and re-nominating a Republican Fed Chair committed to 0% interest rates and re-inflation of toxic asset bubbles would help the working and now non-working poor of America with lower medicine cost, with Obama Care? The anti-dollar policy was going to help the poor how exactly? Higher prices on everything from food to gas to education to medicine to industrial materials, how was that going to help the poor in America? The transfer of trillions of dollars from the US Treasury to the corporate elite all over the world, how was that helping the world's poor and future-poor?
If the Fed Chair's loyalty is, first, to Wall Street and the banks, which has been clear it is, for many years now, how in the hell could you people believe that Ben Bernanke and now Yellen were ever on the side of America's working poor? Shame on you wishful thinkers who lied to yourself in order to believe that taking on more debt was the answer to a catastrophe of too much debt.
We need to raise taxes on the Rich and make them pay for affordable healthcare coverage and for the survival of the nation tomorrow when Depression kicks in. When economic growth is not possible those who profited most during the growth season are responsible and obligated to pay for the survival of the nation. If they refuse to pay then we should strip them off their wealth and citizenship + send them to isolated foreign islands!!!
You are back to the simply dreadful here. To clarify just one small portion of this recent nonsense, the co-called bank bailouts were not done with taxpayer money, and they were done to protect YOU -- not banks and corporations -- YOU. None of the people who worked in real-time on the bailouts had any sympathy at all with or for the perpetrators of the crisis. They were working instead to protect the jobs, incomes, and investments of millions of ordinary people in this country and around the world.
I realize that you see the most devastating sorts of economic collapses as really being important "cleansing" opportunities, but you and your odd brand of thinking are thankfully paid no attention at all in the real world.
And again, the US has been singularly unwise in its wage and tax policies in comparison to many other developed countries where the middle class is still paid enough that they can contribute the bulk of the taxes that fund their own social welfare programs.
You are back to the simply dreadful here. To clarify just one small portion of this recent nonsense, the co-called bank bailouts were not done with taxpayer money, and they were done to protect YOU -- not banks and corporations -- YOU........
So dumping trillions of taxpayer money into corrupt and criminal American businesses instead of letting real capitalism work and letting bad loans and bad loaners go down was somehow done to help me?????
Expansions of the Fed's balance sheet do not require the use of taxpayer money. Neither was taxpayer money dedicated to the funding of either TARP or ARRA. Quantitative easing is meanwhile merely an asset swap between the Fed and volunteer member banks. You should have paid closer attention to things over the past decade or so.
Expansions of the Fed's balance sheet do not require the use of taxpayer money. Neither was taxpayer money dedicated to the funding of either TARP or ARRA. Quantitative easing is meanwhile merely an asset swap between the Fed and volunteer member banks. You should have paid closer attention to things over the past decade or so.
Don't let me start on QE. QE is a failed policy. QE programs were designed to make our US Dollar weak and stabilize falling asset values + create new bubbles. It was also designed to funnel 'free' money to the banks to rebuild their balance sheets through carry-trade (which can be quite lucrative with a weak dollar). Of course, this continued refunding of banks balance sheets is all being done (free money for the banks) with taxpayer dollars.
This QE SCAM will need to be revisited when America becomes sane again. And the money siphoned off to the banks will have to be repaid.
Actually, QE worked about as well as it could have. Between the two after all,. it is fiscal policy, not monetary policy, that has all the high-powered stimulus tools. But Congress was taken over in 2011 by people opposed to economic recovery. The Fed has been left since with no choice but to go it alone.
What happens in QE by the way is that member banks are invited to swap certain types of paper assets for credits posted to their reserve accounts at the Fed. Some banks accept the offer. No tax dollars are involved in this at all, and while the resulting reserve account credits do expand the monetary base, they have no effect on the money supply unless the banks involved act in some stimulus-inducing manner.
Quote:
Originally Posted by C2BP
This QE SCAM will need to be revisited when America becomes sane again. And the money siphoned off to the banks will have to be repaid.
Actually, those assets acquired by the Fed during QE have been performing very, very well for them. Large transfers of excess Fed profits have been going back to Treasury now for years. Meanwhile, if the Fed would like to tighten the leash on the banking system for some reason, they would need merely to adjust reserve requirements upward by the desired amounts.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
