RE: The Official "Damned Trump" Thread
December 6, 2019 at 2:19 am
(This post was last modified: December 6, 2019 at 2:31 am by The Grand Nudger.)
(December 3, 2019 at 3:03 am)Dmitry 1983 Wrote: Because of near zero interest rates. Businesses can borrow more when interest rates are low
-but you can't..nor can you saddle your debt onto an abstract and then declare that entity void, discharging your responsibility to repay.
21% of US GDP takes this form, despite the amount of actual capital changing hands in these transactions being less than .2% of GDP.
It would be nice if we, the middle class, had access to those kinds of returns. Pretty handy for inflating my worth on a loan application too, I bet. I've noticed that you have a habit of launching into tirades about the soviet model in these discussions, but I doubt that anyone is interested in trading one set of oligarchs for another. Most of us just want our financial tools..that's what they are, tools, to work for us.... like tools are supposed to. It's not working now, but unless it simply can't be made to work, then we should fix it. Bitching about commies, instead, is tantamount to an admission that it cannot be fixed.
Personally, I think the tool can be fixed..but I doubt that it will be. There's just too much money in leaving it busted. That's why the president and his party passed those historic tax breaks for the super rich.....aaaaaaaand...nothing else. That, and crime, is all that this administration has done. That was always the trade the GOP was willing to live with. That his mere existence furthered their goal of destroying the federal government by any means available was just icing on the cake.
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