U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
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.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 07-01-2016, 10:00 AM
 
Location: The South
6,816 posts, read 4,950,718 times
Reputation: 11299

Advertisements

Quote:
Originally Posted by PCALMike View Post
Unable to answer I see. Why havent you thought about the consequences of the "government is evil" rhetoric? We need LAWS and who will write these laws in an environment of massive wealth and income inequality if not the donor class? Its like shooting yourself in the foot. If you are NOT ultra rich and you support policies that will sharply increase inequality because you think "markets are great, government is evil, rich people should be fawned over, taxes are theft" or some other far right talking point, then you are basically saying that the interests of you and your family dont matter.
20,642 New Regulations Added in the Obama Presidency
Rate this post positively Reply With Quote Quick reply to this message

 
Old 07-01-2016, 10:06 AM
 
Location: Tennessee
36,445 posts, read 37,328,748 times
Reputation: 57060
Quote:
Originally Posted by PCALMike View Post
But who will write the patent laws, trade deals, anti-trust legislation and so much more in an economy where the ultra rich have so much wealth and power?
Is this before or after we put all of the lawyer/politicians on the Titanic II?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-01-2016, 10:08 AM
 
Location: louisville
4,754 posts, read 2,425,202 times
Reputation: 1715
Quote:
Originally Posted by PedroMartinez View Post
I'd argue that government quantitative easing benefits the rich on Wall Street while hurting the middle class and poor.
Not just Wall Street but state and local governments in addition to the large banks.

So QE floods made up money at below market interest rates to chase, boa, wells, etc... Int rates are accurate to reduce the money supply.

In turn, state, local, borrows via bonds for infrastructure (3 bridges over the Ohio here locally!) those firms hire, based off inflated capital, then get to control that infrastructure for 20 years (tolls).

Small business lending is eased via artificially low interest rates so a ton of restaurants and retail shops fill those empty strip malls. Tons of service 'help wanted' signs.

What's wrong with this picture? We created the absolute last bubble available and this one isn't based on any assets... It's based on credit.

But there's nothing to see... Unemployment is great!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-01-2016, 10:10 AM
 
34,635 posts, read 19,259,596 times
Reputation: 22182
Quote:
Originally Posted by Stymie13 View Post
Not just Wall Street but state and local governments in addition to the large banks.

So QE floods made up money at below market interest rates to chase, boa, wells, etc... Int rates are accurate to reduce the money supply.

In turn, state, local, borrows via bonds for infrastructure (3 bridges over the Ohio here locally!) those firms hire, based off inflated capital, then get to control that infrastructure for 20 years (tolls).

Small business lending is eased via artificially low interest rates so a ton of restaurants and retail shops fill those empty strip malls. Tons of service 'help wanted' signs.

What's wrong with this picture? We created the absolute last bubble available and this one isn't based on any assets... It's based on credit.

But there's nothing to see... Unemployment is great!
Government creating an artificial bubble, how can that be bad? What could possibly go wrong?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-01-2016, 10:41 AM
 
19,437 posts, read 17,591,213 times
Reputation: 7560
Quote:
Originally Posted by finalmove View Post
Anyone know what this rant is about?

Yes I do actually. People who never actually studied trade and free trade don't seem to notice Adam Smith and Ricardo were arguing for basic structural advantages. Coconuts for wool makes perfect sense. Adam Smith was arguing against mercantilism. Can't have free trade when every good is wrapped into some sort of regulated wrapper to support a monopoly, or when it is quite the opposite and the regulation on basic environmental and civil protections are stripped away to compete. Our fellow Americans cannot compete because they are not efficient enough to pollute the river and use child labor? He is pointing out currency manipulation, patent laws , pollution, slave labor, and command economy was not the basis of free trade in the classical era. How can one have free trade between countries that use coercion? When China uses prison labor do you not laugh out loud to have a free trade agreement with them?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-01-2016, 10:43 AM
 
Location: louisville
4,754 posts, read 2,425,202 times
Reputation: 1715
Quote:
Originally Posted by PedroMartinez View Post
Government creating an artificial bubble, how can that be bad? What could possibly go wrong?
Just like these databases being created in secret. What could possibly go wrong there?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-01-2016, 10:47 AM
 
33,414 posts, read 31,132,360 times
Reputation: 19953
Quote:
Originally Posted by PCALMike View Post
This is question to libertarians and market fundamentalists: We know that income and wealth inequality will skyrocket by design under these type of policies. This is embraced as "fair" and "great" because the market is just super great. But who will write the patent laws, trade deals, anti-trust legislation and so much more in an economy where the ultra rich have so much wealth and power? Your answer is that if we just shrink the government everything will be fine, but who will write the patent laws, trade deals and anti-trust legislation? The ultra wealthy would basically have full control over this process and will steamroll over 99.99% of the population. What is so great about that?
we have NEVER indicated that we want no government, but rather SMALL government that abides by the constitution. what is the purpose of the federal government? according to the constitution it is the body that deals with trade, interstate commerce, protection of the entire country, among other things, that means that patent law, anti-trust law, among other things ARE WITHIN the purview of the federal government.

try reading the constitution, it spells out what the federal government is allowed and not allowed to do.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-01-2016, 10:52 AM
 
14,224 posts, read 6,039,627 times
Reputation: 6051
Quote:
Originally Posted by rbohm View Post
we have NEVER indicated that we want no government, but rather SMALL government that abides by the constitution. what is the purpose of the federal government? according to the constitution it is the body that deals with trade, interstate commerce, protection of the entire country, among other things, that means that patent law, anti-trust law, among other things ARE WITHIN the purview of the federal government.

try reading the constitution, it spells out what the federal government is allowed and not allowed to do.
But you dont answer the question. Who will write these patent laws and trade deals and anti-trust laws in a society where the rich control 99% of the wealth and 90% of the income? Remember wealth=power. It will be government by and for the plutocracy. This is called oligarchy and is terrible. Or do you like a system where 99.9% of the people are slaves of the super rich?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-01-2016, 11:00 AM
 
Location: MS
4,396 posts, read 4,534,525 times
Reputation: 1555
Quote:
Originally Posted by PCALMike View Post
Your example is that the people should demand a law which increases consumer power. This goes directly against the fact that wealth=power. The more lopsided wealth and income becomes, the less democratic the system becomes.

I want policies that are proven to DECREASE income and wealth inequality and INCREASE power and opportunity for the people. Not go full steam ahead towards aristocracy. It can become IMPOSSIBLE to get rid of such an aristocracy if they gain enough wealth and power.
I want government out of day to day business and let the chips fall where they may.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-01-2016, 11:02 AM
 
Location: MS
4,396 posts, read 4,534,525 times
Reputation: 1555
Quote:
Originally Posted by Stymie13 View Post
The closest I can assign is an 'originalist'.

This election cycle is moving me towards an anarchist! Lol

It truly seems many can only think incrementally these days, and incrementalism is what has led to gov creep.

I don't hate the government. It's not evil. It's extremely inefficient as currently set up.

Besides the irs, I'd like to:

1. A pres candidate cannot declare until December 31 before the election year. 10 primaries a month for 5 months. This eliminates almost 16 months of election cycle bs
2. Repeal the 17th amendment. This eliminates money into senators pocket
3. Term limit the house to 3 consecutive terms (6 years in a row is enough)
4. Cap Supreme Court appointments to 20 years
5. Eliminate the lifetime benefit of congress
6. Repeal the war powers act
7. Pass an amendment that any force must require a declaration of war (that is a compromise because I understand the need for some flexibility but it's been so over used I'd like them to start back from scratch)
8. Petition to sunset nato
9. Abolish the TSA
10. Abolish homeland security
Rate this post positively Reply With Quote Quick reply to this message
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.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies

All times are GMT -6. The time now is 02:19 AM.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top