A central bank would never occur on a free market. It is a state institution. It's a socialist institution.
wrong of course we have been using tools for 1000's of years and it makes us all richer not poorer. LIberal got it backwards
The thing about a credit card is that you can still buy stuff even when you are in credit card debt. Another problem is that even when people do have debt, the thousands they pay in interest payments just puts them more into debt and eats into their retirement savings. With how little savings people have we are going to see tens of millions of poor destitute old people very soon and its already starting to happen. People need to stop buying all these smartphones and start investing more. We also need to stop giving all the new profits to the rich and balance it out with better wages for workers. Those wages will result in better consumer demand which will improve business success and actually better help them invest in new technology in the long run.
we don't give profits to rich we freely buy their products with our money. As a typical violent liberal you want to take the money back at gunpoint! Suppose they wanted the iphone back and wanted to keep the money too??
The tools that make us richer are those that make us more productive. Problem is that businesses are using these new productivity tools to replace human workers with machines and pocket the profits. So the people getting richer from these tools are your corporate executives not you. In a sick twist of fate while paying less for workers helps them in the short-run it hurts them in the long-run because when all workers are having stagnating wages, they aren't spending more, and corporate revenues then don't increase. That is why we need a balanced economy with good revenue from good wages and good investments from a flourishing upper class.
Um, I never said anything about Marx. I just advocate republican free market economics. Not socialist control of money and banking. Ew. Ew. Ew. Ew.
Credit card companies have an personal stake in making that cut off point very high because then their customers have to pay thousands of dollars in interest every year. And even if you do eventually manage to pay your credit card debts that means you probably aren't investing and won't be able to afford retirement and will rely on government welfare. This also further increases income inequality because one reason the rich have gotten richer and the middle class has stagnated is because the savings rate has declined for normal people but the rich have been saving more and more because they are earning more and more. Its a vicious cycle.
Yes, part of the income inequality problem is the fault of the middle class. We go into debt to buy stuff from the rich and then pay interest to the rich on that debt. We end up not investing and don't get the profits the rich do from investing. People need to stop buying stuff like iphones or unaffordable healthcare and focus on investing at least 10% of their incomes. Companies need to give more of their profits to their workers as wage increases when the economy improves. Even with the economic boom right now under Trump employers are only paying their workers 2.6% more. Thats barely more than inflation.
Automation is a good thing when the extra profits and productivity are also going to workers as well as executives. But when income inequality becomes too extreme because employer aren't giving their workers any of these new profits this will result in stagnating revenues because workers are the main spenders that businesses rely on for revenue.
100% absurd!! a hammer or farm plow replaces millions of workers!! Does the liberal want to make new tools illegal.
its not a problem!! it shows we have freedom that reflects the talent of the few who lead us forward in life. Do yo uthink God made us all great painters or inventors
they do capitalism forces it to happen but not when liberals invited in 30 million illegals and ship 30 million jobs to china. Do you understand?
they got $1.3T per year for 4 years in a row, exchanging bad assets for cash, never to be repaid. Maybe you should learn how QE worked before typing crap like "temporary loans", which is wrong.
Trickle down seems to be an abject failure. Just listen to tRUMP and tRUMPers. It is why we need to wage a trade war with the world. Trickle down failed the USA.
trickle down is what Obama did for 8 straight years. Many trillions given to the banks, who caused the crash in 2008. Nothing for the people. But you love that **** when a dem is in charge. Why is that ?
LOL. Trickle down is Regan and R policy. Reaganonimcs 101. Almost 40yrs later, the RW is now admitting that is a failed policy.
By "giving"? You really need to take English-lessons. The only way to bail-out the banks and avoid a total collapse of the banking-system was for the Fed to "LOAN" the money to the banks to cover their liabilities. ($700 billion Emergency Economic Stabilization Act of 2008 ). Otherwise, as a currency, the US dollar would have gone down the pug-hole. A loan that they have since repaid, but after a long and tiresome remake of the Banking System and the rules by which it plays. Which the Replicants today would like to do away with ... because they are knot-heads and never learn a damn thing in their lust for muney, muney, muney ...
Totally out of reality to the historical facts of what happened before and after the SubPrime Mess occurred. Go see a doctor, you need oil-change ...
Piffle-n'-drivel from a wholly uninformed individual. For the Nth time. The US government loaned some banks and let others just die in an effort to save the entire banking-system. The banks then over the years have long since repaid the loan. (Duhhhhhhhhhhh!) Without which you and the rest of America would have been collectively begging for food on the streets. The entire economy would have come to a grinding halt ... NB: If there is anything outrageous about the present banking system it is the mind-boggling Net Incomes being made there due to INADEQUATELY LOW UPPER-INCOME TAXATION RULES.
