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@ebuc
The bottom 99 percent do not work as hard as the top 1 percent
1% Own Over Half of Worlds Wealth
Posts
Total:
54
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@Timid8967
Well said. It is a fact that even if all the 1%ers [in the U.S.] were taxed 100%, they could fund the US Government annually for less than 6 months, which is why when Biden promises that only the rich will have their taxes increased, all of us will end up being taxed simply because the "rich" cannot afford to fund the government by themselves, whether or not they are taxed at a 100% rate.
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@Timid8967
The national debt level of the United States is a measurement of how much the federal government owes its creditors. Right now it is $28 trillion dollars. The federal government is broke.
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@ebuc
And the moral of the story is Bucky.
Never wear a long raincoat whist riding a bike.
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@FLRW
Everywhere is broke and in debt.
We must owe the Martians a Universal fortune.
I can't think who else we might owe all this money to.
Think about it.....Money is a make believe system of global control.
Though, who or what controls it, I don't know.
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@FLRW
The national debt level of the United States is a measurement of how much the federal government owes its creditors. Right now it is $28 trillion dollars. The federal government is broke.
The national debt level however is NOT a measurement of how much the government, state and federal is worth. To say it is broke - again reflects only the private taxes they are bringing in versus what they spend.
Don't get sucked into thinking the nation is broke. It is in the governments interest to say they are broke because they owe so much money. If we applied to that private individuals yet saw the luxurious apartments they were living in - would we agree with them that they are broke? Of course not - we would go looking for the money and we would start selling their assets which is a more true indicator of their wealth.
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@Timid8967
Guess who truly produces the wealth owned by the public sector. It ain't the public sector; they don't produce anything, other than by printing it. But, it's the private sector that gives it value, and it's the public sector that taxes it more than it should, thus reducing its worth.
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@zedvictor4
Think about it.....Money is a make believe system of global control.
Well stated.
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@fauxlaw
Guess who truly produces the wealth owned by the public sector. It ain't the public sector; they don't produce anything, other than by printing it. But, it's the private sector that gives it value, and it's the public sector that taxes it more than it should, thus reducing its worth.
Not quite. The public sector owns far more than the private sector has ever managed to supply. Or indeed capable of producing. It is true to say that the private sector generates increases wealth for the public sector, but the public sector also increases its own value each year, by virtue of its unique capacity.
Private wealth is increasing but public wealth exponentially so. Public wealth really does not have any costs that require it to reduce its wealth. Its spending is predominantly related to the income it receives from the private sector. Public debt is significant - but it very rarely paid for out public wealth. Sometimes privatization reduces the wealth of the public sector, but really it is so small compared to its relative wealth, that it is not felt.
Pubic debt in one sense should reduce the wealth of a nation - yet - this is a sleight of hand as well. Who is going to force a country to pay back its debt. Today we tend to see poorer nations having their debts forgiven. Which incidentally is actually another way the private sector loses wealth. Funny how we are so blinded to wealth of the public sector.
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@3RU7AL
@zedvictor4
Think about it.....Money is a make believe system of global control.
Is it "control", I think of it more of global 'function' of trade.
Money is the blood { system of exchange } that, brings oxygen { needs } to all parts of the globe.
Some parts of globe get more or less oxygen . I dont see any brain --universal-global-controller-captain--- oversight of all monetary/blood flow.
Global function vs global control vs ???......universal oneness of long term goals.......
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@ebuc
Sure, I don't disagree...But a successfully functioning system must be controlled.
So, to control, there needs to be a functioning system that everyone is a willing part of, and sees benefit in.
Trade and cooperation are also necessities of the system.....But theoretically trade and cooperation could function without money.
The system is it's own inherited brain.....Hive mentality if you like......But the human hive has individuals with individual aspirations...... Aspirations that need to be satisfied.
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@zedvictor4
Sure, I don't disagree...But a successfully functioning system must be controlled.
..."The autonomic nervous system is a control system that acts largely unconsciously and regulates bodily functions, such as the heart rate, digestion, respiratory rate, pupillary response, urination, and sexual arousal.
This system is the primary mechanism in control of the fight-or-flight response."....
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Money is the message { system } not the medium { blood carrying oxygen }
The message can change, but the need for blood and oxygen remain the same.
The animal/human attempts to control how much and what they eat, within the circumstances they find themselves in, ex addiction, disease, etc.
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@ebuc
Is it "control", I think of it more of global 'function' of trade.
YES. THOSE WHO ARE "AUTHORIZED" TO PRINT MONEY HAVE CONTROL.
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@3RU7AL
YES. THOSE WHO ARE "AUTHORIZED" TO PRINT MONEY HAVE CONTROL.
Hi 3Ru,
1} that control varies fro 20 differrent nations?..ergo no global control,
2} does you above apply to other messages of exchange ex bitcoin etc,
3} is black market irrelevant to the above?
I just dont see a single brain in global control.
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@3RU7AL
@ebuc
That's the interesting thing.
Are there actually controllers, or is everyone a part of a system.
Those at the top of the system are just as reliant on a functioning system as all else are.
I think that we often create a false animosity, towards faceless entities.
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@zedvictor4
Are there actually controllers, or is everyone a part of a system.
it's a matter of scale.
is it more logical to "blame" the homeless and or the immigrants for "the problems of society"?
or is it more logical to "blame" the people who monopolize "legitimate" use of bullets and prisons?
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@ebuc
1} that control varies fro 20 differrent nations?..ergo no global control,
about 80% of global trade is denominated in USD$.
the remaining 20% is fractionalized, greatly diminishing the "power" of those nations.
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@ebuc
2} does you above apply to other messages of exchange ex bitcoin etc,
bitcoin is generated by a perfectly TRANSPARENT AND procrustean calculation.
USD$ is generated ad-hoc by an opaque cabal of self-interested individuals.
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@ebuc
3} is black market irrelevant to the above?
99% of the "black market" is controlled by the same people who control the USD$.
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@3RU7AL
@zedvictor4
Are there actually controllers, or is everyone a part of a system.
Well Zed, 3ru states 80% is USD's, ergo currently 80% of global control is being done by Janet Yellen and whoever her boss is. Biden?
Before that it was Trumpet and his treasury chair who had 80% of global control.
Before him it was Obama and his treasurer.
Before him it was Bush Jr. so and so on. So that is primary two people for ---that may change every four years--- that are in global { 80% } control, and these people are not faceless.
I dont see a any single entity being in position of global control, ---master brain--- except for Co-V-2.
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@ebuc
I'm not referring to people controlling budgets.
I'm referring to money controlling society.
The people that you mention are just cogs in the system
Big cogs, little cogs........ All moving together to make the system function.
Money is both the lubricant and the impetus.....Remove it and everything would grind to a halt.
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@3RU7AL
Problems are negative perceptions, measured against expectancy, and blame is a coping strategy.
At the end of the proverbial day, there is One World and One People....All full of expectancy, and all feeling let down and blaming others.
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@zedvictor4
At the end of the proverbial day, there is One World and One People....All full of expectancy, and all feeling let down and blaming others.
Socialism: the one economic theory to which I can say: When you consider the fantastic opportunity socialism has to educate, aren't you glad that it doesn't?