The best way to defend against socialism is to go broke on paper. Buy things with your savings. Things are always worth more than money in socialist economies. If you've saved for retirement, cash out, take the losses, and show yourself broke soon after. Financial scorched earth is the only defense against socialism.
The sad part is that this was an actual real discussion coworkers and I were having at lunch last week. Discussing possible courses of action to lose the least amount of money if one of the Democrat candidates wins the election next year. Biden I'm not super concerned about from my own personal financial standpoint, but Warren or Bernie... It's not even so much that I'm worried they'll tax me more, which they will even though they swear they won't. I'm more concerned with the sheer amount of money I have invested into my retirement that will take a massive hit the day after they step into the Oval Office and the stock market collapses. My portfolio is already extremely diverse but with either one of those two I'm pretty sure all forms of investment would get gut punched and I don't think it'll ever fully recover from that even after they are long gone. One coworker mentioned cashing out a large chunk of his retirement and purchasing gold that while although rarely increases significantly in value it tends to not lose value either. Others mentioned real estate. One guy believes the bitcoin thing would take off again as a way for folks to spend money. Folks laugh and roll their eyes about this but if you are anywhere near retirement age and you have a nest egg you may very well want to start thinking about what'll happen to your investment if either one of them is our next President...
There is an upside to every emerging market, even a socialist market. The trick is predicting what those upsides will be. Fortunately, socialism is extremely predictable. However, because of the different values of things under free markets and socialist markets, one does not want to divest from one system to invest for the other until they need to. Predicting when that will be is a lot more difficult than actually knowing what to do. Predicting what will skyrocket in value under socialism is easy to predict. What do you think that you could get for a truck load of canned food in Venezuela tomorrow? Houses? Cars? Land? Name your price.
Which one of the candidates is wanting to transfer our economy to socialism? I am beginning to question if conservatives even knows the meaning of the word. Y’all use it so often I just figured you did.
Just remind anyone that thinks socialism is good, about the actual facts of socialism. Remind them that socialist killed 100 MILLION PEOPLE in the last century. Remind them how Venezuela went from the forth greatest economy to eating dogs and cats in the span of 30 years under socialism.
Not pure Socialism as in completely replacing our Capitalist economic structure with a Socialist one, but both Warren and Sanders are campaigning on policies that are going to rip the stock market to pieces. Anyone with long term investments in there has a very real reason to be concerned about that. The overall "morality", whether subjectively good or bad, of what they are trying to do is irrelevant. Erasing student loan debt, socialized healthcare for all, corporate and wealthy tax increases, more environmental regulations, and free college is going to absolutely tank the stock market. Seeing as though my retirement strategy is highly dependent on the stock market not collapsing, I am a bit concerned about what will happen to my money.
Quick, run for the hills, the Boogeyman is coming. Seriously, if you think having money in cash is a good idea, think about the interest or cap gains you are not making. Forgoing a dollar to not pay 20 cents to the tax man seems futile to me. On the other hand, what do you expect from people who boycott the US economy because they don't like the person in the oval office?
Where is Elizabeth Warren Going to Get $20 Trillion in New Taxes? Elizabeth Warren In Lying About Not Raising Taxes On The Middle Class Elizabeth Warren is trying to explain the unexplainable: how to pay for her gargantuan $52 trillion Medicare for All plan and not destroy the budget and not raise taxes on the middle class... For months, Warren's opponents and a few curious media types have been wondering how she is going to pay for $20 trillion in new taxes in this nation-altering scheme. Philip Klein of the Washington Examiner prepared a helpful list. Healthcare payroll tax: $8.8 trillion. Wealth taxes: $3.75 trillion. Investment tax: $2 trillion. Foreign earnings tax/tax on foreign firms: $1.65 trillion. Asset depreciation tax: $1.25 trillion.
She knows damn well where she's going to get $20 trillion in new taxes. By taxing people like me who are nowhere even remotely close to the 1%. The woman lies through her teeth. She has been asked DIRECTLY on live national television multiple times "Are you going to raise taxes on the middle class to pay for medicare for all?" She always just says something like "They'll pay less overall with medicare for all". If the answer was actually NO then she would just say no. That's a pretty nice sigh of relief for a HUGE voting block and a nice campaign bullet and sound bite. "Elizabeth Warren, will you be raising taxes on the middle class to fund medicare for all?" "Absolutely not!" Who wouldn't want that as a sound bite as a Presidential Candidate? Somebody who is 110% full of crap who knows it. That woman would drain my retirement fund by simply walking into the White House in itself and then raise my taxes on top of it. Yet out of the kindness of my heart as someone who earns a decent paycheck through a life of hard work and sacrifice I'm supposed to be perfectly ok with that and support this nonsense? Seriously?
Voter: What the hell happened to all of my investments? Warren: We said you could keep your retirement "ACCOUNT" Warren 2020: Of the middle class, for the middle class This message is paid for by BS incorporated LLC
Most other nations already have many of the programs you mention. While I agree that some stocks will be adversely effected I don’t believe theses policies if enacted properly will damage the stock market as a whole.
Many other nations also pay higher taxes than we do for those programs which is something I am not in favor of. I'll have to continue to disagree with you about the stock market. I may be a bit over exaggerating, I'm not professional economist or anything, but I have a feeling that the stock market is going to take a massive hit from which I personally wouldn't recover from if Bernie or Warren became President. They represent and are pushing for some pretty massive changes in the economy and I just don't believe the stock market will settle into that. It'll still be there obviously but it'll take a pretty significant gut punch and won't look anything like it does now. Just my opinion, which admittedly is based on nothing but speculation.
Love your ideals.. But in this case a truck load of food in to Venezuela would actually get you killed. But I do get where you're coming from
Ahh they don't do that anymore, because there aren't any left, they are now down to snakes, lizards, insects and soon, each other!
The best way to defend against it is to stop it before it takes root. Unfortunately, that boat sailed decades ago. The Establishment began infecting our public schools with "change agent" teachers and a poisoned curriculum 100 years ago. Look at the average 20 year old today... they're wholly indoctrinated and misinformed. There's no stopping the beast now... our demise is inevitable.
Oh boy, another RW fear fest of how the next Dem will crash the economy and the stock market. We'll all be poor. Just like Obama supposedly would crash the economy. Oh, wait, that was GWB, before Obama. In real life, the president has much less effect than everyone believes. And, if they do, stock market returns have been slightly higher under Dem presidents. I can see, though, how the fear made conservatives in this thread cash out when Obama got elected, and then they never got back into the stock market until Trump came along, missing a huge rally Selling low and buying high comes to mind......
I'm proud of you. I don't know how long it took you to sound out those two words, but you're going to have to put that kind of effort into all of the words I wrote to have any hope of inferring what I implied.
How sad that any of us would have to resort to that. If Warren or Sanders got in I'm sure they'd be surrounded by cooler heads that would advise them to back off the communist stuff but just their election would decimate the economy. The stock market would take a hit, nervous investors will be looking for the exit and there'll be a run on banks. In the unlikely event that the nuts prevail and America goes socialist, the nuts would at first implement all of their crazy ideas but when this begins to bankrupt the country instead of shutting down the crazy stuff they'll nationalize industry, then the financial institutions. When they've bled the economy dry then they will be coming after us. First our savings will be appropriated then our retirement then our property all in the name of their Marxist religion. Of course they'll all be living as high as ever because they work so hard for the people. The day America goes socialist it will become abundantly clear what the second amendment is all about.
