The Giant Pool Of Money. Implications

When you elect a cartoon character as President, you don't get much respect.I expect that most nations will work around Trump as much as possible. It doesn't look like he really wants to DO anything anyway. He prefers to bluster about what he's going to do and then brag about what he did, with no substance between. The substance will be handled by more sensible people.

Generally speaking, lenders are more interested in having a constant income stream from the vigorish interest than in having the principal repaid.

This is an over-simplification but: Right-wingers tend to see government like a business whereas left-wingers see it more like a family.In a business you're only concerned about the bottom line. If you're not making (enough) money, you can just shut the business down and go elsewhere.In a family you do what needs doing, no matter what it costs. If you have to run up a crippling debt to get healthcare for the kids, you do it. You can't escape family.

Well, that's what Republicans do, and Democrats too, for the most part. But what Trump is doing is more like playing a video game by yelling at PacMan. How would that work with a nation? If the system crashes, what does that entail? How do you "start over"?

And the working class said, "Boo hoo."

That's a typical capitalist attitude: Bill Gates works harder than you do; all you have to do is work a million times harder and you'll be as rich as Bill Gates. What's wrong with encouraging a prosperous working class? Why make the working class something to escape from?

You haven't said why a disappearing middle class is not a healthy thing. Why is stepping on the working class "healthier" than raising them up?

That's what I'm asking you. Who is "hollowing out" the middle class? How else can the middle class "get ahead"?Instead of propping up the middle class, like you want to do, why not just lift up the working class until they're almost middle class? Why not raise the middle by lifting the bottom?

quote:

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Many of the same policies that can help the working poor climb into the middle class - investments in education, in the creation of good jobs, and in asset building, for example - can also strengthen middle-class financial security.

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I disagree with a lot of things in that statement:

• Helping people "climb into the middle class" is a bad idea. Is everybody supposed to "climb into the middle class" and leave the working class empty?
• Creating "good" jobs is a bad idea. Why not make the bad jobs better?
• There's no such thing as "financial security". People making payments on a million-dollar house are as close to being on the street as people paying $500 rent.

That's the attitude that got us into this situation: The other guy should pay.It doesn't work. The 1% have more resources to avoid paying their share. And one of their main tactics is to turn the working class and the middle class against each other. They pay the politicians to "create good jobs" and at the same time to keep wages low and working conditions poor.Personally, I would rather pay the taxes myself and let the 1% keep all they can grasp.

What if you got sick and couldn't work?

We don't all have an inheritance.

But most people aren't. I'll rephrase: There is no such thing as financial security for most people.

Never mind how large the economic inequity is. There has always been economic inequity and the attitude has always been: let the people with the most money pay. Instead, why not give the money to the people who work for it so they can afford to pay? Because I'm a responsible citizen. I'll gladly pay for the services I use - and I could pay more if I was paid fairly for what I contribute. Why would I want to be beholden to some rich goober?

But you're not pushing for more economic equality. Your pushing, it seems, a version of trickle-down economics where you inject money at the middle instead of at the top. You seem to be touting the status quo, which has escape from the working class as the only option for the working class. That's what I'm saying. I'm saying that propping up the middle class makes the working class worse off - because those things are not being done for the working class.