4 ms·

How about stop giving money to wall street and banks and actually take money away from them when margin called or when they fail. It's not like the money is go

How about stop giving money to wall street and banks and actually take money away from them when margin called or when they fail. It's not like the money is going anywhere. Everyone is hoarding. Hey i gambled away all the money you gave me. Cool here have some more.

rayiner 4y ago
What money are we giving Wall Street? The 2008 bailout was long ago paid off with interest. America’s debt problem is because neither party wants to raise taxes to sustainable levels. Taxes on the middle and upper middle class are still at Reagan-era lows and there is no chance they’ll ever be increased.
- thebooktocome 4y ago
  Some large fraction of funds distributed through the Paycheck Protection Program never made it into the pockets of the people it was intended to protect.
  - rayiner 4y ago
    They didn’t go to Wall Street.
- scifibestfi 4y ago
  Neither party wants to cut the fat. When a company becomes unsustainable, they have to make tradeoffs and get smarter about their expenses. The government just grows and grows and grows. They should have to cut the fat like everyone else and get more efficient.
  - silisili 4y ago
    This is also my line of thinking. I'd much rather the government at least show a valid, true attempt to cut the fat before even talking about raising my taxes. It seems like, in theory, a government should be bounded by its revenue and raise taxes if it needs more(as voted upon). Instead, tax rates and government spending both seem mainly arbitrary.
- thedangler 4y ago
  You're kidding right? As with other facilities, the Fed invoked Section 13(3) and received permission from the U.S. Treasury, which through the CARES Act put $75 billion into the three Main Street Programs to cover losses.... You were saying?
  - rayiner 4y ago
    https://www.federalreserve.gov/monetarypolicy/mainstreetlending.htm https://www.federalreserve.gov/monetarypolicy/mainstreetlend... “ The Federal Reserve established the Main Street Lending Program (Program) to support lending to small and medium-sized for profit businesses and nonprofit organizations that were in sound financial condition before the onset of the COVID-19 pandemic.” What’s “Wall Street?”
nodesocket 4y ago
How about stop giving away money period… - Inflation reduction act is a joke. All it does is add more inflation, increase regulation and costs, and increase government spending. - Student loan forgiveness what an absolute disaster of an idea and a terrible message to send. My tax dollars are now going to six figure millennials (if married up to 250k income) to pay for their bachelor of arts degree. Where is my free money for college that I had to pay for?
- DethNinja 4y ago
  > How about stop giving away money period… That would be very convenient for the ruling class, after all most of the printed money was handed out to them. This would result in some form of feudal system. Right now government either has to hand out money to workers directly or tax the rich further.
- deleted 4y ago
  [deleted]

rayiner 4y ago

What money are we giving Wall Street? The 2008 bailout was long ago paid off with interest. America’s debt problem is because neither party wants to raise taxes to sustainable levels. Taxes on the middle and upper middle class are still at Reagan-era lows and there is no chance they’ll ever be increased.

thebooktocome 4y ago
Some large fraction of funds distributed through the Paycheck Protection Program never made it into the pockets of the people it was intended to protect.
- rayiner 4y ago
  They didn’t go to Wall Street.
scifibestfi 4y ago
Neither party wants to cut the fat. When a company becomes unsustainable, they have to make tradeoffs and get smarter about their expenses. The government just grows and grows and grows. They should have to cut the fat like everyone else and get more efficient.
- silisili 4y ago
  This is also my line of thinking. I'd much rather the government at least show a valid, true attempt to cut the fat before even talking about raising my taxes. It seems like, in theory, a government should be bounded by its revenue and raise taxes if it needs more(as voted upon). Instead, tax rates and government spending both seem mainly arbitrary.
thedangler 4y ago
You're kidding right? As with other facilities, the Fed invoked Section 13(3) and received permission from the U.S. Treasury, which through the CARES Act put $75 billion into the three Main Street Programs to cover losses.... You were saying?
- rayiner 4y ago
  https://www.federalreserve.gov/monetarypolicy/mainstreetlending.htm https://www.federalreserve.gov/monetarypolicy/mainstreetlend... “ The Federal Reserve established the Main Street Lending Program (Program) to support lending to small and medium-sized for profit businesses and nonprofit organizations that were in sound financial condition before the onset of the COVID-19 pandemic.” What’s “Wall Street?”

nodesocket 4y ago

How about stop giving away money period… - Inflation reduction act is a joke. All it does is add more inflation, increase regulation and costs, and increase government spending. - Student loan forgiveness what an absolute disaster of an idea and a terrible message to send. My tax dollars are now going to six figure millennials (if married up to 250k income) to pay for their bachelor of arts degree. Where is my free money for college that I had to pay for?

DethNinja 4y ago
> How about stop giving away money period… That would be very convenient for the ruling class, after all most of the printed money was handed out to them. This would result in some form of feudal system. Right now government either has to hand out money to workers directly or tax the rich further.
deleted 4y ago
[deleted]