reich is the one who doesn't know history. FDR's policies during the depression were a disaster, they worsened the economy substantially and deepened the depression greatly.
@Welsh77 Look at a dated graph of the price index and industrial output index during the depression and take note of the dates. You're wrong. He's absolutely right that we KNOW what needs to be done, and have known for more than half a century.
[part 1 of 7] Any one individual, business or corporation that states they have and or continue to make record profits in our current economy... is inhumane and basically a criminal against humanity. How can you live with yourselves? You are the Hiler's of our time...
[part 2] It is [now] a time for BIG BUSINESS to give back to its “bottom end workforce and those laid-off” - otherwise known as the consumer of your wares, commodities and goods… to give back to those who’ll spend damn near every penny they’ll ever make in their lifetime [after taxes; that’s another story] …because they have to -
[part 3] …to feed/cloth/educate themselves and their families (your conglomeration’s that smaller business’s -farmers come to mind - basically those who sell you cheaply their _?_ you sell for a larger profit), have shelter with heat and electricity (your over-priced structures and commodities),
[part 4] to have transportation to get to your place of business, have dental/health care (you own and operate) thus remaining healthy as possible to work in usually unhealthy work conditions that you wouldn’t be caught dead in except on a rare occasion, etc… (lol; this is for them not for you – right?)
[part 5] It is time !!NOW!! to find a way that people can be proud of and or minimally happy to work for you …to get money back into their pockets and for them to live better than just surviving; within a 40 hour work week would be nice. America is about freedom and dreams not how to outsmart those you need to sustain equilibrium and balance.
[part 6] All you slick business types who have indirectly stolen (because we’re so gullible) pennies, nickels and now unheard of dollars away from the masses ~shame shame~ Your genius and loophole finding days will be your undoing as you watch all around you drop like flies – which right now makes you feel prideful as you prosper.
[part 7] Knock knock, who’s there? …it’s guilt, shame, payback, retribution –all are coming for you if you don’t change your current (ours by default) paradigm!!
Reich consistently ignores the elephant in the living room -- which is - that the money he proposes to redistribute is obtained by pointing a gun at the head of those who get up in the morning and work for a living. Ultimately, all government expenditures are paid for and financed by the laborers - against their will - at least as far as having a say in how the money is distributed.
@bammbamm12 Holy hyperbole batman! and you mis-characterize the proposed treatment. By giving the consumer base less of a debt burden, and more incentive to spend on goods today, you stimulate the economy creating a demand for business, which props up new business, employs more workers, etc.
@bammbamm12 As far as monetary policy, moderate inflation is one facet. Fiscally, it could come in the form of tax breaks, restructuring/consolidation of debt, safety net type programs and social aid that prop up a middle class, some people who might be seen as extreme would advocate for debt jubilee in some cases.
@Tunnelfish2 If you think we the reason we have budget problems is because we keep cutting taxes then does that mean you think that by simply raising taxes this problem will be fixed? If so I don't think you know what you are talking about at all. No amount of tax hikes can fix the economy. Even when you raise tax rates you don't get the amount of revenue you would expect because people either find away to not pay by hiding it or some loop hole or they just stop working as hard to make money.
@frankiegmh Tax cuts done by the Bush administration was the first cause in decreased revenues and did not create a significant amount of jobs like was promised. These tax cuts included large cuts in capital gains, which are the most difficult to find loopholes for, which allowed the wealthiest to keep even more revenue. It's a fallacy to state that people will simply stop working, because that implies an income ceiling. That simply isn't true. I don't think _you_ understand.
@Tunnelfish2 I never said they would stop working, I said they would stop working harder because the types of tax increases that the current administration where pushing would heavily tax income over a certain dollar amount. For example if you are going to get taxed 50% on everything over $250,000 that would significantly reduce the incentive for salaries over that amount and you will $250,000 salaries with a 1million dollar bonus which is taxed differently. Or stock bonuses instead of Salary.
@Tunnelfish2 I don't think tax cuts creat job but I do feel hirer taxes can dimish job growth. Tax cut simply put more money in rich peoples pockets(not a bad thing but does not creat jobs in my mind). Job creation comes from a growing economy. It is hard to grow an economy with hirer taxes. I only like tax cut if they help everyone. Tax cuts for the rich are just rich getting richer. We need tax cuts for the middle class and no new taxes and the government coming saying so.
@Tunnelfish2 I think there is a lot to be said for uncertainty hurting business, small bus for the most part because small bus owners don't know whats coming and don't know if they can afford to hire an extra employee. The high unemployment also means bus is slow for everyone because we have had a comsumer based economy for the last 30 years and it has been very slow now for a while. Even though stocks are getting better the unemployment is not. There is a disconnect somewhere.
@frankiegmh In the service sector, many of the larger companies with significant cash reserves aren't hiring at a very high rate. They are expanding productivity through technology like software or are rearranging the staff structure to force employees to do much more work per person than ever before and if they are hiring, they are using their advantage to pay as little as possible in wages. There is also an epidemic of these companies not hiring older workers as policy behind the scenes.
@frankiegmh That's been mentioned in other media. Small business owners can create a lot of jobs when they are willing, but these aren't always the better paying jobs. Better paying jobs often come from larger manufacturing companies, but these are dwindling. Lastly, since an insufficient number of jobs are being created overall, the remaining employed do not have enough collective monetary power to start a "jobless recovery" where they can instill enough confidence by small business to hire.
@Tunnelfish2 When you have a largeley consumer based economy and no significant manufcturing this is the down side of that. This problem has been going on for a long time. Detroit is a prime example. The greatest boom in this country was the industrial revolution. Americans where know for building quality products. Consumers want cheap products though. We have put ourselves out of business. The monetary policies have a role to play as well when your currency loses over 90% of it purchse power.
reich is the one who doesn't know history. FDR's policies during the depression were a disaster, they worsened the economy substantially and deepened the depression greatly.
Welsh77 7 months ago
@Welsh77 Look at a dated graph of the price index and industrial output index during the depression and take note of the dates. You're wrong. He's absolutely right that we KNOW what needs to be done, and have known for more than half a century.
AllNightDayDream 4 months ago
[part 1 of 7] Any one individual, business or corporation that states they have and or continue to make record profits in our current economy... is inhumane and basically a criminal against humanity. How can you live with yourselves? You are the Hiler's of our time...
discussdebate 8 months ago
[part 2] It is [now] a time for BIG BUSINESS to give back to its “bottom end workforce and those laid-off” - otherwise known as the consumer of your wares, commodities and goods… to give back to those who’ll spend damn near every penny they’ll ever make in their lifetime [after taxes; that’s another story] …because they have to -
discussdebate 8 months ago
[part 3] …to feed/cloth/educate themselves and their families (your conglomeration’s that smaller business’s -farmers come to mind - basically those who sell you cheaply their _?_ you sell for a larger profit), have shelter with heat and electricity (your over-priced structures and commodities),
discussdebate 8 months ago
[part 4] to have transportation to get to your place of business, have dental/health care (you own and operate) thus remaining healthy as possible to work in usually unhealthy work conditions that you wouldn’t be caught dead in except on a rare occasion, etc… (lol; this is for them not for you – right?)
discussdebate 8 months ago
[part 5] It is time !!NOW!! to find a way that people can be proud of and or minimally happy to work for you …to get money back into their pockets and for them to live better than just surviving; within a 40 hour work week would be nice. America is about freedom and dreams not how to outsmart those you need to sustain equilibrium and balance.
discussdebate 8 months ago
[part 6] All you slick business types who have indirectly stolen (because we’re so gullible) pennies, nickels and now unheard of dollars away from the masses ~shame shame~ Your genius and loophole finding days will be your undoing as you watch all around you drop like flies – which right now makes you feel prideful as you prosper.
discussdebate 8 months ago
[part 7] Knock knock, who’s there? …it’s guilt, shame, payback, retribution –all are coming for you if you don’t change your current (ours by default) paradigm!!
discussdebate 8 months ago
Reich consistently ignores the elephant in the living room -- which is - that the money he proposes to redistribute is obtained by pointing a gun at the head of those who get up in the morning and work for a living. Ultimately, all government expenditures are paid for and financed by the laborers - against their will - at least as far as having a say in how the money is distributed.
bammbamm12 8 months ago
@bammbamm12 Holy hyperbole batman! and you mis-characterize the proposed treatment. By giving the consumer base less of a debt burden, and more incentive to spend on goods today, you stimulate the economy creating a demand for business, which props up new business, employs more workers, etc.
AllNightDayDream 4 months ago
@AllNightDayDream - how does a government "give" the consumer less of a debt burden? Please elaborate.
bammbamm12 4 months ago
@bammbamm12 As far as monetary policy, moderate inflation is one facet. Fiscally, it could come in the form of tax breaks, restructuring/consolidation of debt, safety net type programs and social aid that prop up a middle class, some people who might be seen as extreme would advocate for debt jubilee in some cases.
AllNightDayDream 4 months ago
@AllNightDayDream - this is so full of contradictions - I'll see you on election day.
bammbamm12 4 months ago
Here's how to fix the U.S. economy.
Start WWIII. Don't believe me?
WWI caused the expansion of new products and airplanes.
Great Depression cam along
WWII caused the invention of more efficient products and better usage of planes.
Cold War (which was close to WWIII)....caused the invention of Spacecraft.
WWIII will offer jobs to the military and will give jobs to civilians.
omgwtfbbq6666 8 months ago
We have budget deficits because we keep cutting taxes, which hasn't proven to do any good for the economy at all.
Tunnelfish2 8 months ago
@Tunnelfish2 If you think we the reason we have budget problems is because we keep cutting taxes then does that mean you think that by simply raising taxes this problem will be fixed? If so I don't think you know what you are talking about at all. No amount of tax hikes can fix the economy. Even when you raise tax rates you don't get the amount of revenue you would expect because people either find away to not pay by hiding it or some loop hole or they just stop working as hard to make money.
frankiegmh 8 months ago
@frankiegmh Tax cuts done by the Bush administration was the first cause in decreased revenues and did not create a significant amount of jobs like was promised. These tax cuts included large cuts in capital gains, which are the most difficult to find loopholes for, which allowed the wealthiest to keep even more revenue. It's a fallacy to state that people will simply stop working, because that implies an income ceiling. That simply isn't true. I don't think _you_ understand.
Tunnelfish2 8 months ago
@Tunnelfish2 I never said they would stop working, I said they would stop working harder because the types of tax increases that the current administration where pushing would heavily tax income over a certain dollar amount. For example if you are going to get taxed 50% on everything over $250,000 that would significantly reduce the incentive for salaries over that amount and you will $250,000 salaries with a 1million dollar bonus which is taxed differently. Or stock bonuses instead of Salary.
frankiegmh 8 months ago
@Tunnelfish2 I don't think tax cuts creat job but I do feel hirer taxes can dimish job growth. Tax cut simply put more money in rich peoples pockets(not a bad thing but does not creat jobs in my mind). Job creation comes from a growing economy. It is hard to grow an economy with hirer taxes. I only like tax cut if they help everyone. Tax cuts for the rich are just rich getting richer. We need tax cuts for the middle class and no new taxes and the government coming saying so.
frankiegmh 8 months ago
@Tunnelfish2 I think there is a lot to be said for uncertainty hurting business, small bus for the most part because small bus owners don't know whats coming and don't know if they can afford to hire an extra employee. The high unemployment also means bus is slow for everyone because we have had a comsumer based economy for the last 30 years and it has been very slow now for a while. Even though stocks are getting better the unemployment is not. There is a disconnect somewhere.
frankiegmh 8 months ago
@frankiegmh In the service sector, many of the larger companies with significant cash reserves aren't hiring at a very high rate. They are expanding productivity through technology like software or are rearranging the staff structure to force employees to do much more work per person than ever before and if they are hiring, they are using their advantage to pay as little as possible in wages. There is also an epidemic of these companies not hiring older workers as policy behind the scenes.
Tunnelfish2 8 months ago
@frankiegmh That's been mentioned in other media. Small business owners can create a lot of jobs when they are willing, but these aren't always the better paying jobs. Better paying jobs often come from larger manufacturing companies, but these are dwindling. Lastly, since an insufficient number of jobs are being created overall, the remaining employed do not have enough collective monetary power to start a "jobless recovery" where they can instill enough confidence by small business to hire.
Tunnelfish2 8 months ago
@Tunnelfish2 When you have a largeley consumer based economy and no significant manufcturing this is the down side of that. This problem has been going on for a long time. Detroit is a prime example. The greatest boom in this country was the industrial revolution. Americans where know for building quality products. Consumers want cheap products though. We have put ourselves out of business. The monetary policies have a role to play as well when your currency loses over 90% of it purchse power.
frankiegmh 8 months ago