Reddit is full of fucking retards: https://www.reddit.com/r/politics/comments/4dspjh/the_panama_papers_prove_it_we_can_afford_a/
>>70279028
We, whats this "we" shit do they have a mouse in their pocket? God I am a poor fag with less than 2k to my name but damn they are entitled.
>private citizens have lots of money
>even more when you arbitrarily combine the fortunes of different people
>this proves everyone could have money and live on spaceships and shit
o-okay
>>70279028
>wealthy people already hide massive amounts of cash over seas
>SEE WE CAN AFFORD FREE SHIT IF WE JUST TAX THEM MORE
>wealthy hide even more cash overseas in response
>FUCKING CORPORATIONS REEEEEEE
>>70279028
The math checks out, so yeah. We can afford basic income if we take all this money.
I assume it all belongs to private bank account retirement funds and isn't actually being circulated through the companies.
Why you would need a trillion dollars in a secret bank arround doing nothing is beyond me though.
>>70279028
Their thought process is pretty akin to /pol/'s in terms of using selection bias and grasping at straws, maybe a bit higher desu
>>70279028
The mars colony comment really bothers me. These people are so out of touch with the tangible world that they think fiat money, most of which is not even represented beyond a number in a computer somewhere, can somehow physically propel us to mars. This is some seriously absurd thinking.
>>70279028
if elites are already hiding $32T from the government, how long after its confiscated and redistributed, do they make it back and hide it even better?
>>70280219
This
>L-Look guys, t-this one reddit-it-tor is d-dumb, theref-fore all redditors are d-dumb, h-ha, ha, btf-fo!
I have to agree though, that guy is pretty fucking dumb
>>70280431
Well, they think by donating to Bernie they can somehow buy the election.
>>70280158
How does the math check out? Are you as stupid as they are? $100,313.48 per US citizen exists in some bank accounts somewhere. All other issues aside, how long do you expect that to last?
>>70279028
Yes sir! Let's niggerize the entire US population with a universal basic income. It worked so well for the blacks after all.
>>70280158
None of this money actually exists. It's a fantom. An illusion created for power.
We are watching a goddamn play.
>>70279028
Even if this money was distributed, wouldn't all prices just rise to compensate for it?
>>70280629
Overnight. A loaf of bread would be $100.
>>70280329
Just double my debt up.
>>70280487
Canada never failing to bring the shitposts. It was the top comment in the thread, and someone paid like three bucks to give them gold. But yes, it was only one redditor.
Bernies a fag
>>70279028
yeah why dont we just take all the money from the rich
>>70279380
Every day I think to myself, going out west and making a name for myself. Taking a piece of land and calling it mine. Defending it, killing those who threaten it, and cultivating it into a beautiful prosperous home for myself.
>Then I'm reminded, that someone else owns all the land in the entire fucking world, and will have an army at their literal disposal to stop me.
What exactly did they do to deserve that land? Why can't I have it? I only can't take it because there's simply too many who will jump to their aid. By no rightful meaning does it belong to them. It's fucking infuriating to know I'm forced into a system I do not wish to be part of. Yet was given no choice in the matter.
>>70279681
sure bud
>>70280549
Oh my god you're stupid
>>70280551
sure totally
>>70280629
Oh my god your stupid. If the rich decided to start spending their money the same effect would happen.
>another reddit thread
>>70280549
Assuming basic income is 30k a year, about 3 years.
The rich will, of course, get rich again. If they have all this money just lying around.
>>70280614
Really? Reddit makes it sound like this is liquid assets we are talking about, if not outright money.
It's a total crime against humanity that they insist on being trillionares for no good reason.
>>70281029
>stupid
Explain. How much gets paid out per person annually? How long will the 32T last at that rate? What happens after it is all used up?
>>70281074
Yes but on a much much smaller scale.
If overnight everyone became richer, anyone who sells stuff would make the prices rise
>>70281158
Great so gibsmedats for three years, then what?
>>70279380
>2k
lucky bastard
memes aside being a wage slave blows ass, even worse running on neetdollars
>>70280929
What the fuck are you blabbering on about?
There is tons of land to be bought and sold. Are you asking why someone just can't hand you some for nothing?
>>70281256
Well I thought the economy needs more spending?
>>70279028
>If you take all the money I don't own and add it up, you have X trillion dollars.
>Think of all the great stuff I could accomplish by spending all of that money I don't own.
>>70281236
It keeps getting recycled into the economy by the government taxing whoever the money goes to.
>>70281325
hopefully most of the stupid ones die off which would be good since then there's less degenerate humans that can't fend for themselves.
All the money gets spent or invested. Either way the same rich people get rich again and they hide all that new money overseas again and hire a better sysadmin
You guys realize basic income is libertarian as fuck right? It's meant to replace welfare, food stamps, unemployment, social security, etc. all the bullshit big government bureaucracy that comes with it. You're not accounting for removing those expenses.
>>70281470
A rich person investing in something is different to the overproduction of money.
>>70281325
Why would the world collapse just because people got more money for a while?
Maybe you're a leech on society, but some of us actually have the drive to produce shit.
>>70281572
Investing is bad for the economy because the rich only invest when more currency will eventually get into their hands. It's temporary good but when they get their investment back the problem is bigger.
>>70281571
you think the people that beleive they deserve free money to be dumb as shit also agree that they should have other benefits cut.
>>70281374
i think he means to say that the romanticism of claiming untouched land and making your own escapes him in a modern society where everyone already HAS a claim and that you cant budge an inch without stepping into somone elses property, be it the state governments, federal government, or somones private property
just a guess though
>>70279028
Are...are you actually this stupid?
You WANT to be a pawn? You're happy with being a servile dog to your jewish masters? Lmao...Okay bro...Americans are fucking weird.
>BEING AN OVERWORKED WAGESLAVE GOY IS MY CONSTITUTIONAL RIGHT!!!
>>70279028
>if we take all of their money we can have basic income
for about 5 years? then your country goes to shit when anyone doing any kind of work moves to africa to start a new civilization.
or we get a civil war 2.0 and prune the faggots.
>>70281682
Sure, you're totally not that stupid, sure.
>>70281510
So the government is able to continue paying out UBI? Can you do that math for us, please? You are a fucking retard.
>>70281632
Great straw man. I never said it would collapse, I am pointing out that this is just a short term payday followed by an immediate return to the current situation.
>>70281510
But if it wasn't in circulation before, then all you're doing is decreasing the value of all of the money by pumping more of it into the system. This comes right back to the problem of huge taxes that you were trying to avoid in the first place.
>>70280549
>money disappears when you spend it
That's not how it works.
>>70279028
Most redditors are ignorant to how money works yes but so are you and most of /pol/.
Read about MMT and the implications for mainstream politics.
>>70281340
Yeah, only reason I got that is because I don't buy stupid shit, Like fast food and vidya and iphones. I pretend to be a jew with my cash.
>>70280929
Congrats your a jelly faggot and that is their land you gibsmedat pos. Literally no incentive to better yourself just steal from others Sad!
>>70280746
>/pol/tard criticizes redditors for being stupid while posting on /pol/
>on /pol/
>/pol/
Dunning and Kruger would like to have a word with you
>>70281795
million dollar question
>>70281833
>implying my finances are bad
not even close faggot, I have loads in savings and stocks since I dont spend money on retarded shit.
>>70281571
>make it literally fucking impossible, legally, to survive in the world on your own
basic income is retarded. You mean the negative income tax?
>>70281236
Do not reply to the leafs, please. They are the new Australia.
>>70281802
So does the government collect the same amount in taxes that they pay out in UBI? Explain yourself.
>>70281793
I'm not on welfare idiot
>>70281978
You're right, they are just so good at chumming the waters.
>>70281795
So while the rich have their money hidden it's like it doesn't exist increasing the value for everyone elses. That's good however if they decide to start spending it could cause a boom and then a bust.
>>70281682
Death to socialists!
>>70281571
Didn't most of the experiments with basic income fail?
>>70281889
No one ever said /pol/ was or was not bad. Just that reddit is where you belong.
>>70281682
Let them have their fun, they love being dominated by the kikes. You haven't noticed yet?
>>70281657
>Investing is bad for the economy because the rich only invest when more currency will eventually get into their hands. It's temporary good but when they get their investment back the problem is bigger.
finance 101, mate, you should take it. This is the most stupid thing I've read on 4pol in very a long time.
>>70281682
>GIB SHEKELS TO THE POOR
>MUH SHEKELS SHOULD BE GIVEN TO ME SO I CAN BUY 300 DOLLAR SHOES FROM THE SAME COMPANY I TOOK THE MONEY FROM
>GIBGIBGIBGIBGIBGIBGIB
>>70282036
holy shit you're retarded xD recycled money lel
>>70281660
that's definitely possible, but I'm sure people would prefer basic income to unemployment/food stamps.
>>70281969
when did anyone talk about making it "impossible to legally survive on your own"?
>>70280431
>seriously absurd thinking
Bernie voters. This encompasses SJWs.
>>70281571
wouldn't it make more sense to just make a new tax bracket between 0-"basic income number" where people don't get taxed?
that way dindus have to get a job but normal people still have non taxable income
>>70282128
Fuck reddit, their layout is garbage.
I'd rather romp around here with you racist, sexist, logical fallacy ridden fucktards then spend one minute on that shitty circle jerk, karma-cock sucking fuck fest
>>70282243
This is basic Chomskyism idiot, you're so retarded
>>70282123
social security was more or less an experiment with basic income. With it's implementation we brought a huge portion of the U.S. out of poverty.
>>70282198
You can't disprove it so fuck off. Also Noam Chomsky said this.
>>70282383
Muh Chomskyism. XD it'll last forever!
>>70281236
Money isn't used up, it changes hands in exchange for goods and services.
They're talking about how that money got amassed in the first place. It'd be impossible to redistribute if it was held in assests, ie companies, bonds and so on, but it sounds like liquid assests ie currency. So theoretically you could intercept however they got that much currency and redistribute it.
Practically speaking this would cause a shit ton of inflation so you'd have to use part of it investing to increase supply to keep inflation low.
Have any of you thought about how dramatically crime would drop with basic income? Robberies, break-ins, drug violence, gangs, so much of this shit is fueled by really desperate people without a lot of options in life. Of course shit would still happen, but basic income would likely lead to a huge drop in a lot of crime.
>>70282514
He's considered the smartest guy on earth.
>>70282019
Is UBI unrelated business income?
>>70282751
By Canadians?
>>70282482
you didnt think it through btw.
they only invest when they THINK it will return them more money.
however this doesnt always happen.
and inflation will eat away at their moneys value over time regardless unless its in assets.
but if its in assets, then that puts their money at risk as well as their assets could crash when nobody wants truck loads of platinum because asteroid mining became a thing.
>>70282142
Lol I guess you're right. Truly insane people. They WANT to be servants.
https://www.youtube.com/watch?v=eJdvkkqcgds
>>70279028
These people just spout shit out with no concept or understanding of anything.
>>70282824
By Intellectuals.
>>70282259
Have you ever read Into the Wild? Do you know what it feels like to be completely responsible for your situation in life, financially, socially, and physically? And to be happy with it?
All the serious economic problems aside, doesn't it bother you how degrading it would be to mankind, in composition and in spirit, to know that anything they do is "ok", and that there is no incentive, if they are hungry and jobless, for them to be productive?
>>70282482
>Noam Chomsky
>having any credentials at all in the fields of economics or finance
What is there to "disprove"? That you feel a certain way about rich people, who you likely have no understanding of?
Memes aside, investment is the loaning of money to people who think they can use it in a manner that is productive--another way of explaining it, taking a dollar from the future into the present. The money that investors make is proportional to the risk and productivity they are putting their money into.
>>70281158
>Really? Reddit makes it sound like this is liquid assets we are talking about, if not outright money.
>It's a total crime against humanity that they insist on being trillionares for no good reason.
Most of that "money" are entries in ledgers (in this case on a computer.) There is no $32 trillion in cash just laying about in vaults. For every physical, paper dollar out there, there are probably 10 or 12 dollars listed in bank accounts. That figure might be off, as I'm too lazy to go look it up right now, but the point remains, banks don't have the physical currency to back up the digital currency listed on people's bank accounts.
>>70282853
So the economy depends on failed assets? That's stupid as fuck
>>70282905
A Mars Colony would cost trillions of dollars for operation and implementation, and would earn us no revenue, at least not initially.
Sending 4 people for a non-permanent colony is going to be billions and billions.
>>70282902
Jews are some of the smartest people in the world and make the most money. So I'm not really sure what's wrong with them.
>>70282947
>That you feel a certain way about rich people, who you likely have no understanding of?
I don't hate rich people. I just know they are bad for the economy
> investment is the loaning of money to people who think they can use it in a manner that is productive--another way of explaining it, taking a dollar from the future into the present. The money that investors make is proportional to the risk and productivity they are putting their money into.
But there's a limited amount of currency in the system (unless the gov borrows more). A rich person investing will get them more money in the long run, that's money that a poor person doesn't have. Even if the poor work really hard all it does is put more money in the rich.
>>70280929
Mother fucker. there is an entire new place on earth where you can "go out west" Its happening in eastern Europe and siberia. Youre just a coward.
>>70281325
Well, before the 3 years of gibs was up, you'd find that our M2 money supply going from ~$11 trillion to ~$21 trillion in a single year, with people being nigger rich, would cause prices to rise fast enough that people would lose confidence in the US dollar. There is a name for that phenomenon: Hyperinflation.
>>70279028
>"We can afford"
>We
It's like the leech speaking to its host telling it "we can afford more blood".
>>70283266
Except the rich are the ones stealing from the poor idiot.
>>70283094
LMFAO
You are a PAWN of Israel. You SLOWLY LICK SHLOMO'S CIRCUMCISED PENIS.
>>70281571
No, it is not. If that basic income is derived by taking it from rich people, it violates the non-aggression principle, which is at the core of libertarian values.
>>70280929
>What exactly did they do to deserve that land?
> have an army at their literal disposal
>>70283388
Except the rich stole from the poor to get the money
>>70283305
>stealing
I didn't know Bill Gates stole the money you paid him for software.
My mind = blown
>>70282095
There's no difference between them spending it and the government spending it. Ironically the best thing to do with that money would be to either let them keep it, or burn it.
>>70279028
we really could afford space travel with that amount
so maybe we should make nasa's budget three times its current size and stop giving free shit to soo many niggers
>>70281571
Your confusing a libertarian approach to welfare, which is to just give people the welfare money with no strings attached and they will spend it where its need. With libertarianism. The basic income is the opposite of libertarian
>>70280510
>purposely defaulting on your loan just to "stick it to wall street"
My fucking sides
>>70281632
By not wanting to give free shit out, he's the leech?
>>70281682
You don't understand the difference between national and international socialism. Go read more.
I love Plebbit sometimes, the only place where you can try to have a serious political discussion about why you support Donald Trump and end up with -840 downvotes and being sent death threats.
>>70283546
Yes and money can easily be converted into fuel, magically lubricates technological advancement much like donations to Bernie's campaign, and can be planted on Martian soil to help provide a reliable food supply for colonists.
>>70283483
Sure Bill Gates totally stole money, sure bud. I really don't even know why I come on /pol/ sometiems
>>70283523
When the government spends money (usually) spend it on sometime that benefits the people like roads.
>>70283471
All this bait
>>70283471
Is paying less taxes considered stealing from the poor now?
Just imagine if, instead of spending all this time trying to hide all that money, these people actually spent it.
Honestly, no one should be that wealthy, no matter where you stand on the political spectrum. One person or even a small group of people should not wield that much power.
>>70283546
Those subhuman niggers are racist. this is what he said
>>70283709
You said rich people steal your money. If you're going to assert that, you'd best be able to say when they do so if you expect anyone to take a fucking leaf seriously.
>>70283136
>I don't hate rich people. I just know they are bad for the economy
Which is why that every time they have been kicked out or their fortunes have nationalized, the economy under the government that did that flourished, like in China, Venezuela, the USSR, Poland, and others...
>But there's a limited amount of currency in the system (unless the gov borrows more)
There is an unlimited possibility for economic value. In the case of a value expansion, the money supply will expand to keep inflation at a constant (which could be high, depending on the CB's goals). ECON 101, anon.
>A rich person investing will get them more money in the long run, that's money that a poor person doesn't have. Even if the poor work really hard all it does is put more money in the rich.
This is the essence of Picketty's argument, whose evidence for such an occurrence is essentially bunk. Even if r was greater than g, which has yet to be shown seriously, it is possible (and aligns with pretty much any history of any developed economy that started poor, hint: all of them) that the rich benefit from their investments more than poor people do, yet the poor people have a net benefit from the rich one's investment.
http://www.nytimes.com/2012/01/15/magazine/what-does-wall-street-do-for-you.html
Seeing as how you haven't walked into any econ classes, read this.
>>70280929
scarcity is a bitch. get fucked, marxist
>>70283709
No, they don't. The government mostly spends money in useless bullshit that doesn't benefit anybody. Go look at the divisions of Federal Spending sometime, infrastructure is a trivial percentage of government spending.
And what he meant was that the Rich didn't steal their money from the poor. He's right. Bill Gates is rich because people bought his products. Murdoch is rich because he made smart investments. These aren't theft, they're business, theft is when you take someone's money without their consent, without giving them anything in return, usually by force.
>>70283726
Oh you're a troll ok.
>>70283743
What? No, the rich stole it by having the government shut down their competitors. That's crony capitalism
>>70283136
That is where you are wrong. Interest is a thing, literally anyone can grow wealth without it taking from others mouths. That is how an economy grows and why inflation is a thing.
>>70282917
Mexican Intellectuals?
>>70283764
THOSE ASSETS ARE NOT CASH. IF THERE WAS AN EXTRA 32 TRILLION IN GREENBACKS FLOATING AROUND THEY WOULD BE WORTH MUCH LESS.
I AM SORRY FOR YELLING IF YOU GENUINELY DONT UNDERSTAND THIS BUT I CANT TAKE IT ANY MORE
>a universal basic income is affordable with the current system
>therefore we should change the system so that everyone is entitled to a basic income
>btw why aren't we exploring the galaxy already? xd
So they think that $32 trillion should pay for US citizen's basic income? Is all of that supposed $32 trillion belonging to US citizens in the first place? Why don't they think that it should go to basic income for Russians instead?
>>70283136
>le fixed pie fallacy
Can we not use fallacies that are nearly 3 centuries old coon
>>70284000
no, Canadian """""""intellectuals""""""".
>>70283598
I can tell you what banks do when they think that you owe them money, having fought it out in court with one and having won. If you need to borrow $2700, you're not going to afford a lawyer, and will have to go the good'ole pro se route. Most of these fucks would wind up with either stipulated or default judgments in the banks' favor. Now, you're talking about them having to explain to their barista boss why their wages are being garnished. And they'd get taken for a lot more than $2,700.
>>70284000
>Mexican Intellectuals
Is there any other kind?
>>70283863
>Which is why that every time they have been kicked out or their fortunes have nationalized, the economy under the government that did that flourished, like in China, Venezuela, the USSR, Poland, and others...
Exactly my point! The economy does so much better without a group of parasites hogging everything.
>There is an unlimited possibility for economic value. In the case of a value expansion
Yeah but the rich have all the money. And the money supply doesn't expand unless we borrow money from the FED which sucks because we go into debt
>. Even if r was greater than g, which has yet to be shown seriously, it is possible (and aligns with pretty much any history of any developed economy that started poor, hint: all of them) that the rich benefit from their investments more than poor people do, yet the poor people have a net benefit from the rich one's investment.
But the economy does better when the riches fortunes are nationalized. You proved it first point
>>70284012
You can buy and sell assets.
Assets are even more valuable than currency, they are actual tangible goods.
That's even scarier.
My roommate is a bernie fag and hasn't paid his $200 a month rent for 3 months but buys nerf guns and quad copters and sits in his room and plays only indy video games and complains that we don't have a bin for glass recyclables, and now thinks he is going to move out and rent a house with his internet girlfriend who won't have a job when she moves here from out of state. He calls in sick for work if he stays up too late playing games and had his hours cut for being a slacker. I whish him luck but life has some hard lessons for this mellinnal....these are the people that think they are entitled to a basic income, we need to colectivly kick these morons out of the nest and let them figure shit out previous generations called it tough love.
>>70283972
Yeah and interest takes money out of the general populas's money.
>>70284086
It is fixed idiot. There is only so many dollars.
>>70284102
>Forced Judgement
This. Bernie cucks would for sure miss their court date and get a forced judgement meaning they either pay it back or have bad credit for ever.
>>70281657
>currency is finite
You understand nothing. Good investments don't just return to the investor, they generate wealth and return some of it to the investor.
>>70284144
>Exactly my point! The economy does so much better without a group of parasites hogging everything.
>any of those nations
>flourishing
>>70284012
Why cant America ever cheat. Why cant we print money and then devalue our currency. See how the rest of the world likes it for a change.
>>70284220
>It is fixed idiot. There is only so many dollars.
>I don't understand how wealth works nor currency
We know it's been nearly 300 years and you faggots still repeat tired tripe.
>>70284159
That value did not appear overnight. You cannot dump 32 tn worth of assets at par. You cant dump anything close to that. These assets in the Panama Papers are tied up in reinvestments with long ass maturities. Unwinding this would require a massive haircut if you even managed to scrape together buyers. Then inflation hits with the mass influx of cash.
>>70284328
>Good investments don't just return to the investor, they generate wealth and return some of it to the investor.
Currency is finite idiot unless more is borrowed from the FED or China which puts us into DEBT
>>70284345
Sure they totally didn't flourish even though Russia went from a shithole to the biggest superpower on the planet with the highest tech.
>>70284395
Oh especially back then. We had the gold standard and there is only so much gold.
>>70284144
>And the money supply doesn't expand unless we borrow money from the FED which sucks because we go into debt
You know not of what you speak. The Fed, if it were properly confined to a fixed inflation target, helps the economy by being able to expand the money supply.
>Exactly my point! The economy does so much better without a group of parasites hogging everything.
All of those economies were utter failures. Rich people get rich because they are productive in the eyes of the consumer.
>But the economy does better when the riches fortunes are nationalized. You proved it first point
No, you are a retard/troll who has 0 understanding of how the real world works and would prefer to be informed by Chomsky, a philosophy and linguistics nerd, about how disadvantaged the poor are and how evil the engines are that have historically been most effective at lifting the poor into prosperity.
night
>>70284383
The trade off is that we actually CAN do that, we just can't make people think we're doing it.
Who is going to call in the debt America owes?
Who does the US owe the money to?
What would happen to the world if the US defaults?
The world has as much to lose as the US.
>>70281978
Theyre worse than Australia
>>70279028
Holy fucking shit these idiots.
How the fuck do we give these non-liquid assets to everyone in the first place?
If we did somehow, how do we account for the fact that after doling this money out to everyone, it's gone to them? If the money goes back into the economy, which only 50% of it will, it'll just end up at the starting point again.
Holy fuck these retards are retarded.
I want the 32T to be distributed somehow to see how these retards handle it.
They'll probably get into more debt somehow.
>>70284383
Remember the shitshow was the US credit rating went from AAA to AA? Multiply that happening by infinity
>>70279028
>we could have had a fucking colony on mars with a fraction of that amount.
What a fucking retard
we would've been at the nearest star system by now. People seem to forget that the most advanced tech we are shown is 70 years older than what they fuck around with in the govn. facilities. DARPA is making functioning walking deathmachines, and that's really just the tip, since it's shit enough for them to actually go public with it.
>>70284526
>You know not of what you speak. The Fed, if it were properly confined to a fixed inflation target, helps the economy by being able to expand the money supply.
Yeah but for every dollar it expands it also expands debt + interest.
>All of those economies were utter failures. Rich people get rich because they are productive in the eyes of the consumer.
All those economies boomed without a bust. The Soviet Union industrialized faster than America or Britain did.
>but but but the rich benefit the poor
Ok you're a troll.
>>70284634
pay off all private debts
>>70282996
No, you have downs and can't read.
The economy depends on the general population not being retards.
It lives and dies on the average person and what they do with their money.
This is why there's no such thing as "disposable" income.
>>70281657
You won the Alberto Barbosa award today
>>70284502
currency != wealth
>>70282372
Why are you so triggered over buzzwords?
>>70280929
I don't know about America, but here in Australia there are places where you can buy land for a few dollars an acre. Most of the arable land belongs to China now, though.
>>70282436
And we're currently working on sending a much larger portion into poverty and eternal debt.
>>70284634
Also all this fucking money, if it is real, will lead to inflation out the fucking ass
>>70284755
What was it other than a couple new cycles worth of pudantants talking shit? Lets Devalue our currency and watch as the rest of the world scrambles to rewrite every fucking trade deal with currency manipulation clauses
>>70283483
>Paying for the proprietary jew
>>70283471
Please tell me how Sergey Brin or Elon Musk or Jeff Bezos or Steve Jobs stole their money, I'd love to hear this story.
>>70279028
gimmiegimmiegimmiegimmiegimmiegimmiegimmiegimmiegimmiegimmiegimmiegimmiegimmiegimmie
GIMMIE DAT
I understand genocide. I understand it. Fully.
>>70284762
What's a deathmachine?
>>70284787
What no you're an idiot. Then why did Keynes say the public buying bullshit makes the economy run?
>>70284815
I know. Wealth keeps expanding but currency doesn't. And you can't pay your bills with wealth. Also producing wealth causes overproduction which causes a depression.
>>70285008
Please tell me how Tsar Nicolas totally didn't steal any money, please tell me how Jordan Belford earned all his money honestly.
>>70284247
They would do what most people do: Fail to file a response within whatever the allotted time is in their state. Most likely 30 days. Once you do that, the court will just assume that the plaintiff is right and issue a default judgment. By this time, all sorts of interest, fees and penalties will have been tacked on, plus attorney's fees and court costs.
The next most numerous group will be those who contact the lawyer's office and work out a deal. This is a stipulated judgment. It's like a plea deal or a guilty plea in criminal court.
Then you'll get the people who actually file a response, but think that going into court and just telling their sob stories will win. I've watched them get their asses handed to them.
Very few will understand how the court system actually works and leverage it to their advantage.
As much as I hate banks, I kind of want to see Bernie supporters do this. I can find some time to go into the courtroom and watch some funny shit.
So I guess there's a new religion going : money. Believing that money magically turns into goods and services and technology.
Money is just either paper or numbers in a computer.
>>70285065
>Then why did Keynes say the public buying bullshit makes the economy run?
because he has downs m8 like u do.
Fucking idiots though
I now know what it feels like to be triggered.
If they actually did this, this would happen-
>Everyone who makes over $100,000 moves out of the country and to Europe/Canada/China
>>70285065
>Also producing wealth causes overproduction which causes a depression
holy shit, are you pulling this out of a socialist economics textbook from the 1930s? 10/10 troll
>>70285182
You're stupid. He was an intellectual
>>70285228
>Keynes
>Socialist economics
You're not even amusing 2/10
>>70280329
Bernie bots are so delusional
>>70285065
>I know. Wealth keeps expanding but currency doesn't. And you can't pay your bills with wealth. Also producing wealth causes overproduction which causes a depression.
I'm not huge into economics I was just saying investments can return wealth even though currency is finite
>>70285065
>let me cherry pick a few examples
>this totally applies to all rich people
>>70284502
Currency is not finite. Do you understand how the stock market works at all? Do you understand how a fiat currency works? Obviously you don't or you wouldn't be spouting this stupid shit on here.
>>70280929
Honestly, you're retarded. Do you realize that there are thousands of square miles in say, Canada or Alaska, where you could build a cabin, and if you were to live off the land, you could literally never see another person for the rest of your life?
>>70284998
The short answer is the US bonds market would collapse (no faith in US debt) and the govt would fail to raise capital without over taxation. I would love if we fucked the rest of the world over but it would hurt the common US citizen a lot.
>>70285065
Fucking idiot
You can create currency.
In fact, you NEED to as your country grows.
Creating too much devalues your currency, and people don't trust your currency anymore, or buy your currency.
This creates a problem, as you can only use currency if you sell your currency. You can't just go around with currency and buying things as a government. People need to buy/trade for your currency.
Wealth is different.
Wealth is created by people.
Wealth isn't completely dependent on currency.
If 32T gets dumped into the economy, wealth won't increase, and people won't trust the government.
What would happen is that prices skyrocket, and intrest rates rise through the roof.
This is called inflation.
Go read a high school Economics 101 Textbook.
C A N A D A
A
N
A
D
A
>>70285467
Yeah it returns wealth to the rich dude who invested money, meanwhile there's about 1 million less dollars for us plebs
>>let me cherry pick a few examples
>>this totally applies to all rich people
Basically exactly what you did with Elon Musk and Bill Gates
>Currency is not finite
Under Gold standard it is, which is true capitalism.
>Do you understand how a fiat currency works?
Yeah if we want more we must borrow it from China which makes the U.S their bitch.
>>70285561
>but it would hurt the common US citizen a lot.
As in losing something like 40% of the oil we consume in a very short period of time. You are talking about the potential for wrath of god type of hurt here.
>>70279380
Nigger I wish I had 2k
>>70279028
Stereotypes exist for a reason ma familia
>>70280158
$100,000 is nothing. You couldn't invest $100k and turn that into millions. You'd turn it into a measly $600k over the next 5 years or more realistically you'd go broke(if you invested this money, which you anti-capitalism people wouldn't, that would mean you wouldn't have access to it until you cash out or go broke.) Most people think $100k is a large amount, it's not, you could stretch that for a maybe 8 months depending on where you live and how many people you have living with you(this is assuming you aren't a benefits collector sitting on your couch.) You still have to pay mortgage/rent, buy groceries, car payments, insurance, etc. Without an actual stable income, you'd be broke within a year. Maybe I don't understand because I live in a household with a ~$0.5mil income, but money goes quick, it doesn't matter how much you have unless you have $10mm+.
>>70285649
>muh gold standard
Name 5 great powers using the gold standard
Protip: You can't
>muh China debt
In a normal situation with a sane president, we don't have to borrow from China to create currency. We can sell our currency to investors in the US.
>>70280510
WS dream right there.
>>70285647
Oh my god you're stupid. You can't create currency. The Central Bank does that, and if your Central bank is outside of your country (like Europe) then you are fucked. Besides even if your central bank is in your country you're still fucked.
>>70280158
The second you put this money back into the economy, inflation takes over. Poor people are poor for a reason and handouts are never going to solve their problems.
>>70285849
>You couldn't invest $100k and turn that into millions.
retard spotted, git gud.
>>70285904
>Name 5 great powers using the gold standard
America, Canada, Germany, Britain, and Australia before 1912.
>We can sell our currency to investors in the US.
So those investors profit off taxpayers paying off the debt. That's terrible
>>70284770
>it also expands debt + interest
It does not expand interest. It expands "debt", which is owed to US banks who themselves are in debt to citizens. That's how a fiat currency works, it's based entirely on debt.
>The Soviet Union industrialized faster than America or Britain did
Yes, at a later point in history, while millions starved because the government was dumping all their money into trying to catch up to us. And then their economy collapsed completely and now the majority of their country is third world tier poor.
>>70285849
I live off of $1200 a month
$100k would buy me quite a few years. What the fuck are you involved in that takes $100k+ a year to sustain?
>>70280929
Move to Africa
You can carve out your own country with a army of niglets
But that's not what you want because you are a pussy you just want free shit
>>70285817
What amazing colors you see in Bernie crowds. Not colors of people, dyes in their hair.
>>70280551
You realize that's probably an eventuality, right? There won't always be enough enough jobs for everyone to be employed.
When automation takes over people will be begging for the gibs.
>>70279028
Zimbabwe confirmed for having secret space bases.
>>70286007
No these banks are not in debt to their citizens. They are private banks and owe it to themselves only. They then send their money to Panama or whatever and a bunch of /pol/tards defend them doing so.
>Yes, at a later point in history, while millions starved because the government was dumping all their money into trying to catch up to us. And then their economy collapsed completely and now the majority of their country is third world tier poor.
Because they didn't practice imperialism like U.S and Britain.
>>70285849
Your lifestyle must be lavish as fuck.
>>70285002
7 is pretty good.
polite sage. This guy is a Chomsky drone who has never walked into an econ class.
>>70285901
>>70285901
>>70285901
>>70285849
It would be even less if EVERYONE had $100k out of nowhere.
>>70285920
Sucks to be a Eurocuck
Or Canada
We are allowed to create our own currency.
>>70286006
>before 1912
kek
>Australia being great power
double kek
the only reason they had gold standard was because they produced gold
>muh taxpayers
We sell our currency at very low rates. It's a low risk, fast investment, at 3 months, so it's fine.
The interest on those investments is almost negligible.
Last time I checked, it was close to 0.1% over 3 months.
>>70286127
Again, no understanding of currency. Do you think that when you put your money in a bank it sits in a vault somewhere and collects dust? Hell fucking no! When you put your money in a bank it becomes a number on a computer somewhere, it's no longer a physical item. The bank now owes you that money and you can collect it whenever you see fit. So yes, the banks do owe the people money.
>>70285647
/thread
>>70286283
>We sell our currency at very low rates
Doesn't matter if the interest rate is 0%. We still have to pay back the principal which costs the tax payers.
>>70286321
Exactly! So the banks mainly owe the rich people money, so they don't owe money to their own citizens they owe it to whoever has money in the bank which is mainly the rich. Also the bank stockholders keep most of the profits.
>>70279028
>think of all that money that isn't mine hiding away in some off-shore assets
>we could have totally just taken it guys
Is this supposed to surprise you OP?
>>70285920
Py = VT
$10 says you will have to google this ($10 USD, which is $13 CAD).
>>70286321
I really wish that people understood that when they deposit money in the bank, it goes in the liability column of the banks ledger because they are literally loaning them that money to do what they want.
>>70281074
>because the rich are just going to start buying 100x the food they currently eat, or thousands of gallons of alcohol or smart phones etc..until all the prices go up for everyone
no its completely different than if you gave EVERYONE a chunk of money because they'd have no incentive to go to work and nothing would get done. The farmer who owns 100s of acres of corn and soy beans wouldn't plant and the mexicans he'd hire sure as hell wouldn't go to work for $4 an hour. now IF the rich started spending on luxury goods in theory more people could cater to them. US made hand forged smart phones that take 100 people to make and cost $30,000? hand carved wooden timbers for unique houses instead of stupid McMansions? hand cut marble mosaic sidewalks for their city just because that's what they want to walk on? unfortunately the wealthy have way more than they can ever spend productively but dividing it up to the masses definitely isn't the answer
>>70283685
Do they follow up with the death threats tho? How about if I feel like having a knife fight with a sjw?
>>70286136
No, he probably actually has experience with stock and investments. People who have actually dealt with the stock market understand that it takes shitloads of money to start out if you ever want to be a billionaire. Put it this way, if Trump had invested the $40 million his share of his father's real estate firm was worth in 1972 he would currently be worth a little over $1 billion. That's 42 years to become a billionaire after investing $40 million.
>>70286449
The issue is government. It's not people who happen to have some arbitrary amount of material resources. You are a cuck.
>>70279028
Why can't libtards just admit their end-goal is to become NEETs? They want to pretend they're being all admirable and shit, when in reality they just want free shit and to be taken care of and not have to work.
>>70286449
The hell are you talking about? Don't you have a bank account? Most people have a bank account. I'm pretty sure that you're just being a silly sausage. but your thought process is still interesting.
>>70286516
I don't understand that.
>>70286545
I don't understand this either.
>>70286591
Sure totally. Huh.
>>70286609
Nope. Because the government borrows from these people instead of printing money
>>70286449
Alright, so if everyone has an average of a few thousand dollars in a bank somewhere and there are 300 million people in this country who aren't "the rich", those 300 million people have more money together than most millionaires combined. Yes, the banks owe the people, not the rich.
>>70286758
pay up bitch.
>>70286769
And this is ignoring the fact that most of "the rich" have their money in property and investments, not in a bank account.
>>70286751
I do have a bank account. But your'e just an aussie troll
>>70286830
You're not rich.
>>70286769
No the 1% owns 99% of the wealth.
>>70286758
Government literally steals your money. If you don't pay them for existing, they will literally send goons to pillage you, and if you resist them they'll kill you.
Give me a list of people who make over some arbitrary level of income in mine or your country that do that.
>>70286251
>>70286251
you just announced your sage. i'm going to bump the thread 5 times to counteract your downvote
>>70286758
When you deposit money in a bank, you become an unsecured creditor to that bank. It then gets to take that money and loan it out to other people, or gamble with it in shadow banking channels or whatever. When banks talk about giving unsecured creditors a haircut, they are talking about depositors.
>>70285561
It can't get much worse than being de-industrialized
>>70280431
>fiat currency, most of which isn't represented beyond a number on a computer
Glad someone said it.
>>70286449
>cost the taxpayers
Holy shit do you not get it?
>Bill wants to make money. He has $100 M and wants to invest it.
>The government says hey Bill- wanna buy some bills?
>Bill says yes. He gives the government $100 M and the government gives him $100.01 M
>Bill is happy because he is richer than if he had left the money collecting dust
>Government is happy because they sold money
>Banks only owe rich people
The banks owe the people who have accounts money.
If you open a bank account and deposit $500, the bank will loan out up to a certain percent of that depending on your country. They will get return on those loans, and give you money. Rich people rarely keep their money in the bank. They like investing it. Everyone else keeps their money in the bank.
Therefore, the bank owes the people more money than the rich.
>>70286758
>the government borrows
They don't. They create slightly more currency than the intrest rate. This keeps the money flowing and the economy healthy.
>I don't get it
get good
to be honest lad, you are probably the one in debt because you don't get that 10% interest rates on a loan is bad.
>>70286960
Le 1% meme
Do you really think that 3 million people produce 100x more than 297 million?
Please be a Canadian troll
>>70279028
It's like they never even read Atlas Shrugged
why dont they call it "basic have 3x as many commodities as you do now" then its more obvious numbers on a computer wont magically make everyone super happy
>>70286960
>No the 1% owns 99% of the wealth.
This is factually incorrect. Also, Chomsky drone, don't you think it's a bit of an unfair word game to scapegoat, as you surely do, the top 1% of income earners, when that class of people is highly transient, and over the course of a decade of one study, 87% of the top 1% of income earners were only in the 1% for one year?
>>70286960
Alright, I'm done. You're either trolling or retarded.
>>70287149
Reminder to report and ignore shitposting
>>70284526
Actual linguist here. Chomsky and his crackpot theories have been debunked for a few decades now. No one in the field takes him seriously. How he still has so much sway in leftist circles is beyond me, since in linguistics, his main field, he is irrelevant.
>>70279028
>Give everyone 100k
>Vast majority would go wild spending it
>Devalue the currency so they get a fraction of what they think that money is worth
>Smart people horde it until the dumb ones circulate it back into the hands of the people who were originally hording it
>Poor people are poor once again
>Smart people who even put the money in their mattress/left it in account and waited a year or two come out on top once again
>Poor people want more handouts
>>70287220
You're saying that he's no longer cunning then?
>>70286062
This is a true inevitable future, but how long until that becomes a reality is still unknown.
>>70287004
I don't understand that.
>>70286968
Goldman Sachs. The government pays em a bunch of money every year that comes out of my taxes
>>70287149
I am a huge Ayn Rand fan and am sickened by these rich people. Ayn Rand hated the rich who taxed the poor.
>>70287170
What?
>>70287192
Leave troll
>>70287220
What? He proved every U.S president has been a war criminal you crackpot
>>70287220
really? I have heard from other (4chan) "linguistics" that they hear his name every other day in class.
Can you describe, in short, his theories and their validity/the field's current view of them?
>>70286960
You're upsetting me.
>>70287350
What?
>>70287152
Even if they did that, most of these idiots would probably sell their commodities at ridiculously underpriced rates and go back to being poor.
>Imagine if all of reddit got 1 pound of gold
>Gold prices drop
>All le redditors sell their gold at $10 an ounce
>Price drops to $1
>Sell even faster
Now, if you gave 1,000,000 sane people 1 pound gold
>They sell it slowly over time
>Wealth
>>70287350
The government is who is stealing from you. What the government does with what they steal from you is irrelevant - the *FACT* is that the *GOVERNMENT* is what is looting you.
>>70282019
No, you tax the rich ($150k+ income) more to pay for it
>>70281158
Not really. Money isn't anything more than a medium of exchange of wealth. If some one can do something productive they will get money for that service, whether its farming to feed the nation or throwing paint on a giant canvas for someone who likes that. If people are poor and starving its because they made poor decisions. All you really need is food water and shelter and considering you can make up to $10-25 and hour panhandling (most don't do it all day) several homeless/poor people could save up and buy an acre, make a simple shack on it and grow a large portion of their food while continuing begging/get a job and saving, open a business or expand into cash crops (trying to keep this simple) or start sculpting or some other luxury good or skilled trade but they don't because they lack incentive and entrepreneurship and would rather loaf about drinking all day instead of subscribing to the "ratrace" (unless they have legitimate mental issures)
>>70282967
also this
>>70279028
>dumping $32 trillion
May as well ask Bernie to make toilet paper free
>>70280929
You made the mistake of not being born into wealth.
A rookie mistake.
>>70281848
>that is their land you gibsmedat pos.
What did the peasant say to the other peasant about the lord?
>>70287350
Fucking lol
You know how to shitpost lad
On Atlas Shrugged
>I am a huge Ayn Rand fan
On Chomsky
>What? He proved every U.S president has been a war criminal you crackpot
Unless you are a college level autist, please learn some economics.
Someone screencap this thread
>>70287498
But as the panama papers prove The rich never pay. You end up with a 45% income tax like scandinavia. No fucking American is going to 45% in taxes for niggers to get a basic income. You would start this country on fire.
>>70287354
Chomsky really just says stuff that is intriguing because it is so alternative.
However, it is usually wrong, also because it is so alternative.
Usually the mainstream theories are right.
>>70287403
I don't understand
>>70287392
Shut up Aussie shitposter
>>70287455
>is stealing from you. What the government does with what they steal from you
But Goldman Sachs lobbies em to do it.
>>70287422
What? I don't understand
>>70287498
>150K+
>Rich
So doctors are rich? LOL
>>70287604
Chomsky and Ayn Rand are basically the same. The only difference is Chomsky is a more collectivist version. They both believe in the same everything other than economics. Both agree pretty much all Presidents are toolbags. Go learn something in economics, I suggest Jason Unruhe.
>>70287455
There is no such thing as stealing in economics.
>>70287657
>muh panama papers
most of the people in the Panama Papers, so far, have been from socialist "countries" like Russia and France.
http://www.politico.com/agenda/story/2016/04/the-panama-papers-where-are-the-americans-000083
>>70287687
>Chomsky
>Alternative
Have you seen him on Social Security, Public education, Unions, Racism, Sexism, Science. He just says what the general public is thinking.
>>70287741
What?
>>70287792
What?
>>70287724
>>70287350
>>70286960
>>70286758
>>70286449
>>70286127
>>70286006
>>70285920
>>70285649
>>70285305
>>70285065
>>70284770
>>70284502
>What? I don't understand.
We know. Now shut the fuck up.
>>70286054
You just described to a tee my goal in life.
>>70281657
>Investing is bad for the economy
>>70280449
the minute Bernie steps into office these people are fucking gone. Almost everyone that's in the line of sight either dumps their wealth or leaves. And Bernie still drops the hammer, and all of it comes down upon the middle class who can't even afford a single worker family.
>>70287724
What?
>Go learn something in economics
kek. What is your suggestion?
>>70280431
>These people are so out of touch with the tangible world that they think fiat money, most of which is not even represented beyond a number in a computer somewhere, can somehow physically propel us to mars.
It's no more absurd than broke college tards donating $50 million a month to propel Hernie into the Whitehouse.....
>>70287836
Maybe because you guys are being confusing douchbags and making it difficult for non-English speakers to understand. I do speak English but it's not my native language so please talk simpler.
>>70287724
Doctors are rich. They work hard and usually have gone into debt or had to work to get a degree.
I respect them for what they do.
They work hard, earn money, and therefore are rich.
I'll be nice an assume you've never gotten a paycheck in your life.
>>70287834
Chomsky doesn't say what the public wants to say.
Unless, of course, you are living in Trudeaulandia
>>70287724
Yeah that's bad. But it's not the quality of *BEING RICH* that you're objecting to - if you came up with a product that everyone wanted to buy, and they gave you money for it such that you ended up having *ALOT*, you'd have *NO PROBLEM* with that. What's the *PROBLEM* is that there is a group that *STEALS FROM PEOPLE* and people think it's PERFECTLY OK THAT THEY DO SO - GOVERNMENT. If there's *NO GOVERNMENT*, there's *NO PROBLEM*.
>>70279028
If they gave everyone in the country $100k. In a year everyone who is broke now would be broke again and everyone who is rich now would for the most part have all of that wealth back.
Most likely bankruptcies and foreclosures would be through the roof.
Source; I'm drinking Dayquil
>>70287741
When I shoot you in the head and take your wallet I'm going to call that stealing. Sorry~
Aren't these 32 trillion from all across the globe?
Why do Americans think they can take the rich peoples money from all across the globe?
Do we get Icelands money and Ukraines money and Russias money too?
MUH GOVERNMENT MONOPOLIES ON USE OF FORCE
MUH CAPITAL CONCENTRATIONS
MUH CLASS STRIFE
>>70287857
I have dreamed of taking a small island and declaring independence and building up a small, cozy country.
Maybe Ascension for the nice cozy factor.
The UK won't care because they would face backlash in this liberal world and because Ascension doesn't produce anything.
>>70283094
>So I'm not really sure what's wrong with them.
They want you dead or in chains whitey
>>70287873
I proved it dumbass
>>70287907
Jason Unruhe. He's a youtuber and writes about the economics of certain videogames. He has books and youtube videos and is making a rap about economics.
>>70287972
>Doctors are rich. They work hard and usually have gone into debt or had to work to get a degree.
I respect them for what they do.
They work hard, earn money, and therefore are rich.
I'll be nice an assume you've never gotten a paycheck in your life.
Yeah 150K isn't rich. It's middle class.
>Chomsky doesn't say what the public wants
He supports gay rights, labor unions, feminism, anti-patriarchy, anti-family, anti-corporation, pro-social security, pro-public education, pro-climate change action
>>70287980
What? I don't understand
>>70288049
How?
>
>>70288157
>What? I don't understand
What, exactly, is confusing you?
