RE: Who will swallow the Corona virus debt? The rich or the poor?
November 24, 2020 at 2:04 pm
(This post was last modified: November 24, 2020 at 2:28 pm by Greatest I am.)
(November 24, 2020 at 10:07 am)Eleven Wrote: Realistically, debt shouldn't exist. It really is a concept created by the rich so that they can remain rich.The less an ideology demands of it's adherents, the less longevity it will have.
There's just too much wrong with this world, and despite coming off as arrogant or narcissistic, I could actually fix everything if I was put in charge. I wouldn't even demand anything, definitely not money. I would figure putting everything right would be reward enough.
Those are stats that show up at about the 9 min. mark.
The Groupish Gene - Jonathan Haidt - YouTube
Regards
DL
(November 24, 2020 at 11:08 am)Eleven Wrote: I'll never be convinced that corporations aren't the problem.
I won't argue against this as they end in writing the legislation that their slaved political lackeys pass.
I would also put blame on the gullible public who do not see who they are really being led by.
Have you seen George Carlin's American Dream skit.
It is worth looking up.
Regards
DL
(November 24, 2020 at 11:55 am)Angrboda Wrote: Governments don't have bank balances. Government debt is different from individual debt. Paying it back is a misunderstanding of that difference. Individuals handle debt by supplying money, governments by adjusting economic policy. The former requires resources, the latter does not.
I do not particularly buy your overall view2, but if true, then you make my point, I think, of governments creating poverty.
Why do governments not just end poverty if no resources are necessary?
Regards
DL
(November 24, 2020 at 12:02 pm)The Grand Nudger Wrote: (and to answer the opq, there is no who will..the poor have already paid - all the way down to having funded the research that will produce a product that they will..then, pay for again.)
The poor do not have the resources to fund much of anything, but they do make a good make work project for those who get funding from those who have the resources to give them.
To maintain poverty in a country for job creation, is sick.
The poor pay with their miserable lives while the middle class pay most of everything else. The rich have had a long run at learning how to cover their ass and keep their wealth.
Regards
DL
