Phat writes:
I'll think about it. All I know is that money has to move. It has to circulate. I see the economy these days as akin to a giant game of musical chairs. As long as we spend...as long as the music plays...the money passes through many hands. When and if the music stops, people grab what they can and stash it. Only a few chairs are occupied. The rest of the money (and people) evaporates and falls through the cracks.
MV=PQ
M = money supply
V = velocity of money
P = inflation
Q = GDP
What is actually happening is V is suppressed relative to other economies. This is because of vastly greater income inequality relative to other nations. The rich hide their money in offshore accounts (or in plain sight) and use none of it to produce goods, sell services, or invest in infrastructure. What is the incentive? Mitt Romney pays 15% you pay over 30% because he makes it all in rents (property, money, etc.). Therefore V is suppressed, Q is suppressed, and everyone else (except the top 0.001%) is oppressed.
Rule of the people, by the people, for the people. Do you consider yourself a person? Or is only Jeff Bezos, Elon Musk, Bill Gates, Jeffery Epstein, human deserving of any rights?
My big fear is that the world does not care about the middle class in the United States. They are our competition. And they are hungrier than we are. So far, anyway.
Yeah, NZ, Uruguay, Canada, Iceland, Norway, Denmark, Sweden, Finland, and Germany have all decided to give everything to the wealthiest because Equatorial Guinea and Bangladesh have lower wages.
Nope, they ain't stupid, unlike too many in this country.
The problem with knowing everything is learning nothing.
If you don't know what you're doing, find someone who does, and do what they do.
Republican = death