America is not even near to being socialist as Western Europe is. Further, US has had to sponsor the defense of Europe for more than 50 years and that was the major reason behind the breaking of its economy.
I consider that a major reason nearly 50% behind the economic mess that US is in currently. There are several other reasons also which account for the other 50%.
Looking forward, US can still come out of the mess if its leaders play wise while handling the $1 Trillion a year 'oil windfall' that will start to show up in next 5 years or so. This might make US the largest oil producer in the world.
The main point is how the 'kids in the candy store' are going to act.
I consider that a major reason nearly 50% behind the economic mess that US is in currently. There are several other reasons also which account for the other 50%.
Looking forward, US can still come out of the mess if its leaders play wise while handling the $1 Trillion a year 'oil windfall' that will start to show up in next 5 years or so. This might make US the largest oil producer in the world.
The main point is how the 'kids in the candy store' are going to act.
correct. I was commuting, working full time and my neighbors were on the dole. They had better cars, far more free time and had a house nearly identical to mine. I daresay their health care coverage was far superior to what I had. I got myself laid off and ran out the unemployment insurance, started collecting my social security and dropped out. No credit, few payments, finances so simple that they are best transacted at a kiosk in a convenience store and plenty of time to study markets... WIN stands for Work is Nonprofit..
yes, but that's how I lived my whole life, no credit, few paqyments, simple budget that could be done in my head, no book needed. But it wasn't that way in my business, almost everything had to do with taxes. And I fought for every penny of it with the IRS. Sometimes I won, sometimes they caught me.
But like the man who taught me said, "It is immoral to pay the IRS everything they say you owe them."
He started his tax return at the bottom line. First he would look at his bank acccount and figure out how much of that he was willing to pay, and then just start working his way back until it all came out. He owned a brokerage firm and as far as I know never paid a cent for advertising, but that was usually the big deduction he took to make it all square.
I personally don't like the designated hitter, if that's the kind of boring baseball they want to play over there that is their business, but when it comes to interleague, we can adapt.
There aint no tax law, or any socialism, or any regulation that can demoralize me. If you think I am so weak that some politician can break my spirit, you must have been born and bred in England.
Another problem is how corrupt the system is.
MoFo Global and PFG - one is in custody but the other skirts the law because of his political connections.
SEC still permits flash crashes. CFTC lets brokerages commingle customer funds. All collect their pay and bonuses while Rome burns.
Socialism? How socialists are the largest banks in the US - supposedly the bastions of Capitalism (Wall St)? Ben is still letting them suck the teet of ZIRP. How much has propping up these zombies "cost"? Has it been more or less than welfare?
LIBOR rigging - but the US Fed and Treasury were powerless as infants the whole time.... sure.....
What is Wall St salivating for now? More QE. More "intervention" in the market. But that's because some intervention is good - but other intervention is bad.....
MoFo Global and PFG - one is in custody but the other skirts the law because of his political connections.
SEC still permits flash crashes. CFTC lets brokerages commingle customer funds. All collect their pay and bonuses while Rome burns.
Socialism? How socialists are the largest banks in the US - supposedly the bastions of Capitalism (Wall St)? Ben is still letting them suck the teet of ZIRP. How much has propping up these zombies "cost"? Has it been more or less than welfare?
LIBOR rigging - but the US Fed and Treasury were powerless as infants the whole time.... sure.....
What is Wall St salivating for now? More QE. More "intervention" in the market. But that's because some intervention is good - but other intervention is bad.....
the funny thing is, I can teach any 5 year old kid capitalism with nothing more than water, lemons and sugar, maybe a table and a magic marker in five minutes.
You make a piture of lemonade for a dollar.
A pitcher makes 8 glasses
you sell them for 25 cents a pop
you double your money
On the other hand, it takes 70k in student loans and four years of college to indoctrinate a student into socialism, and even then, they never quite get it.
It only works if all the bussinesses are somehow miraculously (spontaneous generation?) started. When someobody starts a new business, it screws the whole philopsophy up.
That's why the left is so confused about how to bring Apple and Google down. And now they can't even bitch about GM, because they think we own it.
If you really want to blow a communists circuit ask them, "Who owns Exxon?"
You make a piture of lemonade for a dollar.
A pitcher makes 8 glasses
you sell them for 25 cents a pop
you double your money
On the other hand, it takes 70k in student loans and four years of college to indoctrinate a student into socialism, and even then, they never quite get it.
It only works if all the bussinesses are somehow miraculously (spontaneous generation?) started. When someobody starts a new business, it screws the whole philopsophy up.
That's why the left is so confused about how to bring Apple and Google down. And now they can't even bitch about GM, because they think we own it.
If you really want to blow a communists circuit ask them, "Who owns Exxon?"
Globalization is Zero-Sum since US dollar is pegged to OPEC oil.
https://en.wikipedia.org/wiki/Triffin_dilemma
https://en.wikipedia.org/wiki/Triffin_dilemma
well the USA has in practice a flat tax, i dont call that high taxes