4 ms·
What a coincidence it will be a pain absorbed mostly by those working pay check to pay check and not the politicians and bankers with a legal moat of grifting o
by gourdo 3y ago
What a coincidence it will be a pain absorbed mostly by those working pay check to pay check and not the politicians and bankers with a legal moat of grifting off our agency.
- nathanaldensr 3y agoRight--a gradual deflation with absolutely no consequences for the grifters.
- cma 3y agoHow are politicians going to absorb an economic shrinkage? What percentage of total personal net worth is owned by federal politicians in the US? Maybe it's higher than I would have guessed, but there are only 537 federally elected offices and no federally elected billionaires. I see some numbers thrown around that the total net worth of congress is $2-3 billion. That's only $9.00 per American at the upper end. Even a complete personal bankruptcy of all of them wouldn't have measurable economic effect on its own.
- wildrhythms 3y agoMy reading of their comment was the politicians enable such unchecked bubble growth.
- gourdo 3y agoPublicly that’s their wealth and benefit for holding office. You think the politicians pay for much of the luxury they experience? You should Google the recent headlines about SCOTUS
- cma 3y agoHow much can their personal consumption really add to even off the books? It's 537 people.
- deleted 3y ago[deleted]
- bigfudge 3y agoThe second order effect of bankrupting them would potentially be worth it though.
- xxpor 3y agoTil mitt Romney is only worth 300 million
- paxys 3y agoWho does a recession/depression hurt? Also the working class. This is the best option for everyone.
- nathan_compton 3y agoThe best option for everyone would be to dethrone the capitalists and set up democratic socialism.
- iamacyborg 3y agoSocialism still relies on capitalism to function.
- midasuni 3y agoThere they capitalism where I have $200 and give it to you to paint my house. Then there’s whatever Wall Street does, that has nothing to do with the average sugar coated view of what capitalism is.
- nathan_compton 3y agoI don't even have a problem with much of what Wall Street does. I just think that (via democracy) people have the right to allocate labor and resources towards non-profitable but humanitarian ends.
- deleted 3y ago[deleted]
- JenrHywy 3y agoEveryone except the capitalists. And the Kulaks.
- nathan_compton 3y agoI'm not so sure about the capitalists. I think its actually pretty bad for a person's character to pursue money at the expense of other things and to have a lot more money than you need.