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Thread: Five Economic Reforms Millennials Should Be Fighting For

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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by Verax View Post
    Here's an example of traitorous "other" ideas.

    Our Most Widely Ignored Public Intellectuals

    I know, I know, they're both commie douchebags.

    Thanks for your insightful assessment.
    Now we understand why they are widely ignored.

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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by Verax View Post
    Yeah they're just ideas, not all of them good, some of them have a lot of support among revered economists. The problem is that ideas that are counter intuitive to the public are hard to gain traction on. Most people today think that anything that isn't exploitative styled capitalism is automatically marxist, communist, socialist and can't possibly be anything else. Also anything involving the government is without question bad, without even considering it.
    What are they calling the latest reincarnation of this same old crap?

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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by Verax View Post
    There are other countries in the world ya know, study the Scandinavian countries and let me know what you find. Also look at the 50's, 60's economic policies before we switched gears.
    They? Sounds like you have a conspiracy theory happening here.

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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by Verax View Post
    How am I supposed to debate anything when you say things like "pretty much uncharted territory" when speaking about Keynesian economics?
    Don't cherry pick. Theory says conservatism is required during great years and liberalism in nightmarish years. But in practice, liberalism is needed in nightmarish years whereas liberalism is needed in great years. Liberalism all the way up, liberalism all the way down. And if the SHTF, well then that just proves we were never quite liberal enough!!

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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by Verax View Post
    There are other countries in the world ya know, study the Scandinavian countries and let me know what you find. Also look at the 50's, 60's economic policies before we switched gears.
    "A Scandinavian economist once stated to Milton Friedman: "In Scandinavia we have no poverty." Milton Friedman replied, "That's interesting, because in America among Scandinavians, we have no poverty either." Indeed, the poverty rate for Americans with Swedish ancestry is only 6.7%, half the U.S average. Economists Geranda Notten and Chris de Neubourg have calculated the poverty rate in Sweden using the American poverty threshold, finding it to be an identical 6.7%".

    Is Milton Friedman among your "revered economists"?

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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by Grant View Post
    "A Scandinavian economist once stated to Milton Friedman: "In Scandinavia we have no poverty." Milton Friedman replied,

    "That's interesting, because in America among Scandinavians, we have no poverty either." Indeed, the poverty rate for Americans with Swedish ancestry is only 6.7%, half the U.S average. Economists Geranda Notten and Chris de Neubourg have calculated the poverty rate in Sweden using the American poverty threshold, finding it to be an identical 6.7%".

    Is Milton Friedman among your "revered economists"?

    Perhaps its from this, where Friedman absolutely owns those nordic socialists.
    So smug, they'd like to be.

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    Re: Five Economic Reforms Millennials Should Be Fighting For

    So basically, this thread is 'do you like communism?'.

    Me?

    I like the idea of everyone sharing everything and no more poor or starving AND no more masses being dominated by the rich.

    But, unfortunately, I do not think it is possible at most people's present level of development (probably including mine).

    Maybe, if we are still around, in a century or two.


    My five economic reforms?

    Give me all the money and trust that I will distribute it fairly.

    Actually...1) a rock solid balanced budget amendment to the Constitution (except in times of a declared war or declared, nationwide natural/medical disaster); 2) build and run government shelters in every major urban area (food/clothing/shelter/basic medical) which take the place of all federal welfare except for social security (which will be gradually phased out) - but continue aid for the mentally/physically disabled; 3) full healthcare for all children that need it; 4) close all foreign U.S. military bases and no troops to be stationed outside of America except during a declared state-of-war; 5) give all the money to me...er...tax reform. One tax rate for all citizens (except for first $8-10,000 earned) for both capital gains and income with no deductions except for charitable contributions AND end all corporate/business taxes.

    Oh, and 6) end the Fed and let free market forces determine interest rates.
    Last edited by DA60; 01-07-14 at 07:10 AM.

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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by j-mac View Post
    Five Economic Reforms Millennials Should Be Fighting For | Politics News | Rolling Stone

    In Rolling Stone this former Occupy wackobird gets full coverage with his tripe. Warner Todd Hudson sums it up best in Breitbart:

    "Recently Rolling Stone magazine published a story that urges the millennial generation to demand communism in America by eliminating private property, "guaranteeing" everyone a job and turning banks into state property. After finding some opposition on Twitter, the writer let loose some ideas that didn't make the cut of his article: "exterminate" the rich and take away their money and property.After reading the article published on January 3, one thing we learn from former Occupy Wall Street organizer Jesse A. Myerson is that he thinks things are bad in America today. America is so bad--or, as he so eruditely puts it, America "blows"--that he thinks it is time to institute some of the worst communist tropes in the anti-capitalist's bag of tricks, all the same boring ideas that have been proven disastrous everywhere they've been tried for over 100 years."

    'Rolling Stone' Writer Wants Communism, Redistributed Wealth

    All I can do is shake my head at these people....What is the matter with people today?
    The only one of his points that I sort of agree with is the first one. I've said for awhile that instead of handing out money for unemployment, the government should simply employ those people doing unskilled labor for whatever money they'd get while on unemployment. They could clean up garbage on the side of the road, clean up graffiti, fill potholes, etc. If you're able to work, and unwilling to, you get nothing.

    Although the accusation gets thrown around falsely a lot, the rest of his suggestions pretty much do seem like communism.
    If you build a man a fire, he'll be warm for a day.

    If you set a man on fire, he'll be warm for the rest of his life.

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    Re: Five Economic Reforms Millennials Should Be Fighting For

    The millennials have a very stark view of capitalism. There just doesn't seem (to them) to be any way to succeed. If you're not well versed in 'puts' and hedge fund gambling, it's harder and harder to find suitable work.

    Imagine that you are work doing what you normally do, except you are getting paid five times as much because the wealth of the nation divided by the number of citizens gives you that amount. Astronauts, surgeons, and grave diggers all make that same amount. Would you be willing to accept the higher income? Would you like to have a new home built on a land claim that you go out and find for yourself? I mean, thats's the way it was in our nation's formative years. Sooners, 49ers, a mule and forty acres, and acres for $2.00 each were normal for those times.

    Millennials were born after the good times. They feel left out.

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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by d0gbreath View Post
    The millennials have a very stark view of capitalism. There just doesn't seem (to them) to be any way to succeed. If you're not well versed in 'puts' and hedge fund gambling, it's harder and harder to find suitable work.

    Imagine that you are work doing what you normally do, except you are getting paid five times as much because the wealth of the nation divided by the number of citizens gives you that amount. Astronauts, surgeons, and grave diggers all make that same amount. Would you be willing to accept the higher income? Would you like to have a new home built on a land claim that you go out and find for yourself? I mean, thats's the way it was in our nation's formative years. Sooners, 49ers, a mule and forty acres, and acres for $2.00 each were normal for those times.

    Millennials were born after the good times. They feel left out.
    They have a stark view of capitalism because capitalism requires work. one thing i noticed is that the millenials is that they think it should be handed to them.
    They are owed just for existing. life doesn't work like that. You don't have to be well versed in puts and hedge funds. if you just make smart finicancial decisions with your money when you get older you can be rich.

    if you put away 25 dollars a month into some kind of investment fund for 45 years you will be a millionaire by the time you are ready to retire with cash on hand.
    that takes finanical disipline though.

    why by an surgeon or astronot if you are going to make the same as a guy bagging groceries? the reason that people go into those fields is that they know they will make more money.

    right now most fo the land in america is owned by the federal government.

    you can blame the fed. in the good old days the interest rates weren't high but where decent enough to spurn savings and investments. now you are lucky to get 1% on a CD. the consistantly poor pay out on just simple savings has made it harder for middle class people to get ahead.

    heck i remember when a saving account would pay 5% and you could earn another 2 or 3% on your checking.

    now you get charged for having a checking account and you might get .5% on savings.

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