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@kmax87 saidThe government slim down started in 1993 under Clinton. But it did take a while because they were careful to only cut what was deemed redundant or unneeded after bipartisan review and panel consensus.
While 1% may be a small percentage, they still number 3 million people and in a country where voting is not compulsory they can be quite influential in the political process, through donations and political action.
Clinton ran a responsible budget increasing taxes for the wealthy and cutting spending, but this happened in his last term. He was also the leader of a growing e ...[text shortened]... n, I'm not so sure people at large will embrace the "increased taxes are a benefit for all" message.
I don't agree with your last sentence. Most Americans know government is bloated and would love to see a real attempt to downsize that didn't involve taking a chainsaw to the budget. I also think most Americans see the rich paying no taxes at all and are disgusted by it while they have to file a W2. They see the rich cutting the line at Disney and at the local ski area because they paid hundreds of dollars extra to get in. They see a separate class of humans that doesnt have to work simply because they got lucky or were handed an inheritance.
Tax the rich and slim down government. Balance the budget for real. This is a winning political message
@AverageJoe1 saidA loan is money credited to your account that you agree to pay back with interest, plus service and establishment fees. A loan is "new money", created because you applied for the loan. It is not money parceled up for you from an existing supply.
So you’re saying that the loan is created., that it was created out of ether. What then is your definition of of “loan’?
@kmax87 saidAmerica is a great place now, Kmax. Except the border somehow opened up and needs to get closed, all illegals need to go home. Wages would go back like it was in 1950's with them gone, not here causing low wages for your uncle Charlie. Are you all daft!!??
1950's America was a great place. Top marginal tax rate was 91%. Some commentators would tell you that the effective tax rate of the 1% was close to what they pay today but the 50s to 80s can also be described as the great compression, where there income inequality was not a thing. After the 80s and Reagan's "Government is the problem" mantra, taxes started to fall and income ...[text shortened]... tical parties talk up a storm of fiscal responsibility but they only pay lip service to the concept.
Next, strong bail and jail and executions and all that goes with it for crime. The Guard on the street big time could do that. Fat Pritzki of Chicago and delirious Biden, the dying Nadler, the screaming communists, Mamdani, all need to be history. This is America. Follow me here. No more handouts except the 50M needy.
Corps make all their products here or be punished by taxes and tariffs. Whip other countries into line. I should be president. I would let Marauder be VP for balance. A good fit because he would get the picture and join with me. On day one he would say let us have free college.. I would say go to your room and come back with a reasonable plan. It would be impossible, and he would see what I mean. I would say, OK< take off your Polyanna lapel button and join the charge.
If all liberal ideas were scrapped and we had a strong capitalist society where you eat what you kill and become self reliant,
@AverageJoe1 saidAmazing, not even Jesus could express greatness better than that!
America is a great place now, Kmax. Except the border somehow opened up and needs to get closed, all illegals need to go home. Wages would go back like it was in 1950's with them gone, not here causing low wages for your uncle Charlie. Are you all daft!!??
Next, strong bail and jail and executions and all that goes with it for crime. The Guard on the street big t ...[text shortened]... scrapped and we had a strong capitalist society where you eat what you kill and become self reliant,
@kmax87 saidNo, sorry. If a corp deposits $1m into a bank, earning 4%, the bank loans THAT VERY cash to me to build a house, I get the money and sign a 6% Note. (Oh Lord, I think I’ve already lost you.) the bank makes net 2%.
A loan is money credited to your account that you agree to pay back with interest, plus service and establishment fees. A loan is "new money", created because you applied for the loan. It is not money parceled up for you from an existing supply.
So explain what the heck you mean by the loan is not money parceled up ‘ from an existing supply.”. Where’d the $1m come from that I paid to a builder that day?
@AverageJoe1 saidLookup fractional reserve banking. That deposit is much more important to the bank as part of its reserve requirement. They can create much larger loans to multiple clients based on that 1 million deposit. Why would they carve up that deposit and reduce the total amount they can borrow?
No, sorry. If a corp deposits $1m into a bank, earning 4%, the bank loans THAT VERY cash to me to build a house, I get the money and sign a 6% Note. (Oh Lord, I think I’ve already lost you.) the bank makes net 2%.
So explain what the heck you mean by the loan is not money parceled up ‘ from an existing supply.”. Where’d the $1m come from that I paid to a builder that day?
@kmax87 saidI'm sure you are right, of course, I thought I would try to interpret an otherwise confusing post. It is a bit highbrow
Lookup fractional reserve banking. That deposit is much more important to the bank as part of its reserve requirement. They can create much larger loans to multiple clients based on that 1 million deposit. Why would they carve up that deposit and reduce the total amount they can borrow?
@kmax87
You might find this of interest.
https://owninggold.com/2011/09/china-is-buying-gold/
And this:
https://www.history.com/shows/americas-book-of-secrets/season-3/episode-4
China thinks the US is suppressing the price of gold to strengthen the dollar.