You also shouldn’t apply personal finance principles for — individuals or households — to a nation-state. For example, how would you translate U.S. dollar denominated debt held by other countries into personal finance rules? Or currency exchange rates and the dollar’s strength relative to other nation’s currencies?
You’re right. Now where to get the money? Surely not the corporations making record profits every quarter while prices skyrocket? We wouldn’t do that to the shareholders. They would be sad.
Fiat is fiat, whether usd or btc (the mechanisms aren’t the point). Money is meaningless, goods and services are the bones of a society, including infrastructure, health, decent food, shelter, education, potable water, etc.
“Corporations are evil” is just a slogan to highlight the fact that corporations don’t exist to serve the common good or for the betterment of society — those are byproducts.
In the U.S., corporations exist for the lawful purpose to make money for its shareholders. You being treated well just happens to be the strategy that corporation chose to retain your skilled labor to produce whatever service or product your corporation is selling.
See Twitter as an easy example — a corporation that treated its employees well and retained skilled labor to ostensibly better public discourse. It found a way to make a lot of money for its shareholders in a billionaire’s impulse purchase and forced him to buy it in a court of law.
What did the billionaire do as one of its first things? That could have been you, and hence why “corporations are evil.” It’s just a legal vehicle to make money.
We know there’s been a lot of big corpos stealing from the IRS, because the IRS has announced a crackdown on high income earners. This means they won’t be getting away anymore hopefully, but they were for a very long time.
Simple solutions from simple minds. Survival instinct is strong (“Life finds a way”), options and information are limited. Just because you feel your employer is good to you, personally, doesn’t mean it’s good on the balance?
I meant rolling back the corporate tax cuts that got us into this mess. If we brought it back to where it used to be and you know, enforced it, we could have a surplus budget.
“Balancing the budget” is a right wing lie. Fiat currency is basically unlimited, with few caveats. Running a deficit doesn’t cause inflation automatically. It can, and in a few specific instances it has, but that’s not the only reason that causes inflation. If that were the case, Japan would be suffering from hyperinflation, but in reality they actually are fighting deflation as hard as they can.
Taxes, as you have correctly pointed out, are the most straightforward anti-inflationary device that is available to the federal government. The current issue, in the US, is who is getting taxed, and who the government is handing trillions of dollars to.
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You also shouldn’t apply personal finance principles for — individuals or households — to a nation-state. For example, how would you translate U.S. dollar denominated debt held by other countries into personal finance rules? Or currency exchange rates and the dollar’s strength relative to other nation’s currencies?
You’re right. Now where to get the money? Surely not the corporations making record profits every quarter while prices skyrocket? We wouldn’t do that to the shareholders. They would be sad.
Fiat is fiat, whether usd or btc (the mechanisms aren’t the point). Money is meaningless, goods and services are the bones of a society, including infrastructure, health, decent food, shelter, education, potable water, etc.
deleted by creator
That’s a strawman argument, and a poor one.
“Corporations are evil” is just a slogan to highlight the fact that corporations don’t exist to serve the common good or for the betterment of society — those are byproducts.
In the U.S., corporations exist for the lawful purpose to make money for its shareholders. You being treated well just happens to be the strategy that corporation chose to retain your skilled labor to produce whatever service or product your corporation is selling.
See Twitter as an easy example — a corporation that treated its employees well and retained skilled labor to ostensibly better public discourse. It found a way to make a lot of money for its shareholders in a billionaire’s impulse purchase and forced him to buy it in a court of law.
What did the billionaire do as one of its first things? That could have been you, and hence why “corporations are evil.” It’s just a legal vehicle to make money.
If your employer is a great corporation then they will not mind paying a fair portion of their profits toward taxes.
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We know there’s been a lot of big corpos stealing from the IRS, because the IRS has announced a crackdown on high income earners. This means they won’t be getting away anymore hopefully, but they were for a very long time.
Simple solutions from simple minds. Survival instinct is strong (“Life finds a way”), options and information are limited. Just because you feel your employer is good to you, personally, doesn’t mean it’s good on the balance?
I meant rolling back the corporate tax cuts that got us into this mess. If we brought it back to where it used to be and you know, enforced it, we could have a surplus budget.
Additionally, what is your solution for bears?
“Balancing the budget” is a right wing lie. Fiat currency is basically unlimited, with few caveats. Running a deficit doesn’t cause inflation automatically. It can, and in a few specific instances it has, but that’s not the only reason that causes inflation. If that were the case, Japan would be suffering from hyperinflation, but in reality they actually are fighting deflation as hard as they can.
Taxes, as you have correctly pointed out, are the most straightforward anti-inflationary device that is available to the federal government. The current issue, in the US, is who is getting taxed, and who the government is handing trillions of dollars to.
Are the bears smarter than average? Because if so, we can probably figure out some kind of picnic basket incentive program 🤷
Hush now. Adults are talking.
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