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Right, so lets enact some tariffs since it does not matter what the government does since the consumer is the final say and watch the top .5% loose their ass when they have to bring jobs back here and pay higher wages.
Lose their ass? No. Prices on products will go up. Not enough to bankrupt businesses, but enough to even further lower the standard of living most Americans have already seen decline under the Obama Admin since the end of the recession. They will no longer be able to buy the frivolous bells and whistles.
Well, government borrows against the future revenue it will also TAKE from the private sector, which is a truly bad idea because in the future it will need to TAKE from the private sector to service such debt (or pay it off, not likely ) and then at the same time TAKE SOME MORE for its then current expenses.
Plus, government prints money which gives it slightly more to spend, but devalues the currency in so doing so printing is not sustainable. Wealth must be CREATED, not borrowed or printed.
Nope.
1) The government doesn't borrow against future revenue. The government issues debt first through spending in deficit and finances it as it matures with interest.
2) The government will never pay off national debt. Debt is money. Without debt, there is no money. Debt is perpetually rolled over because governments exist indefinitely until they are conquered or implode (social unrest or losing a war).
3) Printing is always sustainable to a government that owns the printing press. China can't tell the U.S. to stop printing money. Other countries have no bearing on the U.S.'s ability to print money.
4) The Private Sector has no money without the government. Dollars don't appear in people's pockets. Debt is monetized in the Federal Reserve. Banks are really just accountants. When you buy groceries, you simply transfer funds from one bank to another.
I recommend you stop making baseless talking points found in Tea Party propaganda. None of it is true, nor do any of them have a grasp on how Federal finances work. This isn't just the U.S.; Canada, UK, Australia, and Japan also operate this way. It is called monetary sovereignty.
Right, so lets enact some tariffs since it does not matter what the government does since the consumer is the final say and watch the top .5% loose their ass when they have to bring jobs back here and pay higher wages.
It does not matter when they opened up the flood gates to Communist China Cheap Labor therefore it does not matter if we enact tariffs either since the "consumer has the final say"
They tried that back in 2002 with import tariffs on foreign imported steel, all it did was raise costs in the US, so that any US manufacturer that used steel saw their costs soar and they could not compete with foreign competition anymore.
The study, "The Unintended Consequences of U.S. Steel Import Tariffs: A Quantification of the Impact during 2002," shows that more American workers lost their jobs in 2002 to higher steel costs than the total number employed by the U.S. steel industry. It reveals that the lost jobs represent approximately $4 billion in lost wages over ten months (February - November) last year. "This study proves what steel consumers across the country have been reporting for nearly a year -- that the steel tariffs are devastating to many steel consuming businesses, especially small businesses," stated William Gaskin, President of the Precision Metalforming Association (PMA) and member of CITAC STF.
"There is something wrong with the creation of this world,
because the rich people think that they are the benefactors
of the poor, but in fact those rich are fed and dressed
by the work of these poor and live in luxury created for
them by the poor."
1) The government doesn't borrow against future revenue. The government issues debt first through spending in deficit and finances it as it matures with interest.
How is that not borrowing against future revenue?
Quote:
3) Printing is always sustainable to a government that owns the printing press.
Countries with runaway hyperinflation due to government printing outright and/or borrowing to pay expenses and therefore flooding the money supply:
Angola
Argentina
Belarus
Bolivia
Brazil
Bosnia-Herzegovina
Bulgaria
Ecuador
Georgia
Madagascar
Mexico
Nicaragua
Peru
Poland
Russia
Turkey
Ukraine
Yogoslavia
Zaire
Zimbabwe
"Corporations (job creators) are not concerned for the common good. They exploit, pollute, impoverish, repress, kill, and lie to make money. They throw families out of homes, let the uninsured die, wage useless wars to make profits, poison and pollute the ecosystem, slash social assistance programs, gut public education, trash the global economy, and crush all popular movements that seek justice for working men and women. They worship only money and power. " --- Chris Hedges
"Corporations (job creators) are not concerned for the common good. They exploit, pollute, impoverish, repress, kill, and lie to make money. They throw families out of homes, let the uninsured die, wage useless wars to make profits, poison and pollute the ecosystem, slash social assistance programs, gut public education, trash the global economy, and crush all popular movements that seek justice for working men and women. They worship only money and power. " --- Chris Hedges
Is that what they do? Is that what you really believe they do?
They build the homes people live in. They create the medicines that allow people to live longer. They make the technology you use to post your comments on this forum. They make the energy that powers your home and car. They make the cable used to tie the internet together.
And millions of other things. Some corporations do bad things. Governments do bad things - they are the ones who wield armies and order soldiers into combat. As far as I can tell, Microsoft, Google, Exxon, and Walmart have never done that.
A single man in government can be responsible for the deaths of 6 million people in just a few years. Has any corporation done that?
"Corporations (job creators) are not concerned for the common good. They exploit, pollute, impoverish, repress, kill, and lie to make money. They throw families out of homes, let the uninsured die, wage useless wars to make profits, poison and pollute the ecosystem, slash social assistance programs, gut public education, trash the global economy, and crush all popular movements that seek justice for working men and women. They worship only money and power. " --- Chris Hedges
When one cannot answer for themselves ^^^^^^^^^^^^^^^^^^they look foolish....
I agree with the OP.. That homeless person I seen living in the street yesterday obviously creates far more jobs than Warren Buffet.. Thats why he's so poor. He gave it all to his employees..
What a fabulous guy he is... cough...
And Warren's an a hole too!
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