reply to post by Blackmarketeer
I guess if he wants to be taxed then tax him. While it may fix certain problems, it will not fix the problem we're actually having right now.
Unfortunately he does not understand our current situation.
The problem is the poor have an unusual shortage of money. The reason is because we're post housing crisis. The vast majority of money in this
country is created when loans are taken out. Take out a loan, most of that money is created right then and there.
After the housing crisis banks stopped loaning and people stopped borrowing. This caused the money supply to shrink. This made money harder to get.
Remember all the talk about how the banks aren't loaning after the bailout? Well that's the problem. Taxing the rich isn't going to make them loan
more money either. We'll still have the same problem.
The rich don't even have enough money to make a dent in the problem anyway. It's that big of a problem. But mainly because, taking money out of an
economy that already doesn't have enough money is stupid. You wouldn't fill up an empty bucket by taking water out would you?
The actual problem won't get fixed until we either change our money system, or people start borrowing again and therefore buying again. But that
won't happen unless they have real wealth to back the loan up, like a job for example, and a car to get back and forth to work to pay said loan back
and a road to drive it on.
What we need is infrastructure investment like high ways, bridges, dams, power plants, levies, fiber broadband. Something to give people jobs so they
borrow and buy houses. Something that actually creates jobs for the 99% and which increases the tax base. Getting the 99% jobs is going to create much
more tax revenue than the 1% even have let alone tax.
If they did tax the rich it would only be enough to increase the debt. That's right, INCREASE! The gov borrows so fast that even if they raised taxes
on the rich the debt would still increase. The money would just vanish into a meaningless debt and help no one.
So, we're going to tax the rich to still be broke? That's kinda retarded. If we're gonna be broke either way, then just keep the money. After all,
It's not like rich people's money just sits there. They invest it. Or the bank invests it.
Most of the time that money isn't even in the hands of the rich. 99% of the time rich people's money are in the hands in the poor being loaned out
and used to buy stuff and keep the economy going. It's just the rich don't know that because the bank doesn't tell them who they loaned it to.
But the problem right now is nobody has a job to borrow that money and put it to use, and second nobody wants to build infrastructure in a country
that has no jobs. Build a road to abandoned industrial park because all the jobs went to Mexico? What's the point?
The solution to the problem is to ask why people have to borrow and be in debt in the first place or else our money supply dries up and we starve to
The answer to that question is the fractional reserve banking system that's ran by the Federal Reserve.