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Post by aufan on Nov 14, 2023 21:50:32 GMT
The ever widening gap between rich and poor is the most worrisome part about the economy. For example, over 20% of single family homes were bought as an investment in 2021, and. It surprisingly single family rental market grew 40% in the same year. This is great for people who can afford to buy homes as investments, awful for those who cannot. Capital will continue to accumulate at the top. Some think this is a good thing and should be encouraged, while others realize this is a bad thing a will lead to more instability for most of society. so how do we combat this gap? Part of it has to be education? Opportunity? What else? Capital will accumulate until only one person has it all. The only way to combat it is regulation and taxation.
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Post by tigercpa on Nov 15, 2023 16:00:33 GMT
so how do we combat this gap? Part of it has to be education? Opportunity? What else? Capital will accumulate until only one person has it all. The only way to combat it is regulation and taxation. What happened to capitalism? I will not argue that lower wages and fewer social programs result in cheaper goods and services, because they clearly do. As we cannot achieve an actual surplus based on spending patterns of the last 60+ years, and thru periods of higher and lower tax revenue, how do we pay for it and keep it revenue neutral? Does it have to stay revenue neutral?
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Post by Bevo on Nov 15, 2023 17:58:05 GMT
Capital will accumulate until only one person has it all. The only way to combat it is regulation and taxation. What happened to capitalism? I will not argue that lower wages and fewer social programs result in cheaper goods and services, because they clearly do. As we cannot achieve an actual surplus based on spending patterns of the last 60+ years, and thru periods of higher and lower tax revenue, how do we pay for it and keep it revenue neutral? Does it have to stay revenue neutral? The utter collapse of M2 money supply also has me a bit concerned.
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Post by EvilVodka on Nov 15, 2023 18:28:07 GMT
so how do we combat this gap? Part of it has to be education? Opportunity? What else? Capital will accumulate until only one person has it all. The only way to combat it is regulation and taxation. taxation is working out real well Somebody has to pay Zelensky right?
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Post by Bevo on Nov 15, 2023 22:09:31 GMT
Capital will accumulate until only one person has it all. The only way to combat it is regulation and taxation. taxation is working out real well Somebody has to pay Zelensky right? He has no clue what he's talking about. And, even if he did, he wouldn't be posting here to make any cogent point. His ONLY, SINGULAR goal is: To piss people off and get a reaction.
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Post by aufan on Nov 15, 2023 22:45:57 GMT
Capital will accumulate until only one person has it all. The only way to combat it is regulation and taxation. What happened to capitalism? I will not argue that lower wages and fewer social programs result in cheaper goods and services, because they clearly do. As we cannot achieve an actual surplus based on spending patterns of the last 60+ years, and thru periods of higher and lower tax revenue, how do we pay for it and keep it revenue neutral? Does it have to stay revenue neutral? Capitalism must be regulated heavily. We’ve made advancements, I.e. no child labor, 40 hour work weeks, OSHA, the list goes on. The goal should be stacking the odds toward the working class, and that’s done through regulation and taxation. Not all regulation and taxation is good, but the policy idealism of ‘cut taxes and red tape and watch the economy boom’ only works for the wealthy. If we want a chance at a balanced budget, a thriving and tax paying middle class is key.
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Post by aufan on Nov 15, 2023 22:52:51 GMT
The ever widening gap between rich and poor is the most worrisome part about the economy. For example, over 20% of single family homes were bought as an investment in 2021, and. It surprisingly single family rental market grew 40% in the same year. This is great for people who can afford to buy homes as investments, awful for those who cannot. Capital will continue to accumulate at the top. Some think this is a good thing and should be encouraged, while others realize this is a bad thing a will lead to more instability for most of society.
I can't imagine who would think its a good thing...
Obviously, this is very bad
There are some people who are brainwashed into thinking it is a good thing. For example, they believe that Elon Musk has earned his wealth and it is a good thing he is worth more than millions of Americans combined.
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