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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Mongo2116 who wrote (1240138)	6/16/2020 12:17:09 PM
From: longnshort	3 Recommendations Recommended By Bill FJB Mick Mørmøny Respond to of 1583871

who runs michigan oh right democrats

To: Mongo2116 who wrote (1240138)	6/17/2020 11:28:58 AM
From: RetiredNow	Read Replies (1) \| Respond to of 1583871

There is some truth in your post. I have long held the truth up for observation on these threads that our system has indeed been hijacked by Wall Street and the Fed, which has rigged the game in favor of asset holders. I've said that for years. I think everyone watching stocks go up to the stratosphere right now, as we are arguably in the worse depression in 100 years has to admit that what I have been saying is simply true. There is a welfare system in place for the top 1% that far outstrips the welfare system in place for the 99%. So we are agreed on that. However, the solution you and the Communists propose is to move from Capitalism to Communism and expand the welfare state for the poor. That is a solution that is guaranteed to accomplish only one thing, which is the economic destruction of our country, so that 100% of the people are poor and all freedoms are abolished. A better idea would be simply to fix the Fed. My preferred solution is to simply abolish the Fed and let the free markets set the price of money and stop bailing out speculative Wall Street banks. That alone would fix so much of the inequities plaguing our economic and monetary systems. It would halt the rich/poor divide acceleration that has been enabled by the Fed. But the reality is that a welfare system, whether it is for the top 1% or bottom 50% is always at its core a bad system, because you take from productive people who create wealth and jobs for everyone to give to the least productive in society, which grinds our economy down to low growth over time. I'm for limited tax payer funded assistance to people during bad times to get them across the bridge, but I am against creating a permanent welfare class.