6 ms·

The US Rich are the once who brought the US to the state it is in. Their 50+ year support of the GOP and tax cutting for the rich did more harm to US then anyt

by jmclnx 3y ago

The US Rich are the once who brought the US to the state it is in. Their 50+ year support of the GOP and tax cutting for the rich did more harm to US then anything else. With things looking like the GOP and a certifiable nut case about to take over the US, they want to have the option to flee before the people scammed by the GOP realized they were taken to the cleaners. With that said, China is already on the edge, and should the US economy crash, it will take China with it then the world will follow. But I doubt any crash will happen as long as the Fed can remain fully independent of politics.

matthewdgreen 3y ago
The previous administration brought an enormous amount of pressure down on the Fed, and a new version of that administration will likely be much more focused. Combine that with major tax cuts in our current fiscal environment, the result is not likely to be pretty.
inglor_cz 3y ago
I don't think that stability of a country is a simple function of tax rates. France has the highest taxation in OECD and it is internally very messy. Switzerland much less so.
- bestouff 3y ago
  I don't think France is so messy. It looks like it because the French really enjoy criticizing everything.
  - JPLeRouzic 3y ago
    We only had a quasi-state of insurrection for a month or two each year since 2005 and even before 2005 it was not that quiet: https://fr.wikipedia.org/wiki/%C3%89meutes_dans_les_banlieues_fran%C3%A7aises_depuis_les_ann%C3%A9es_1970 https://fr.wikipedia.org/wiki/%C3%89meutes_dans_les_banlieue...
    - illiac786 3y ago
      That’s an exaggeration , your comment does not reflect the content of the Wikipedia article. 2018, 2019, 2022 and 2023 are listed yes, but definitely not every year since 2005. And it’s days of insurrections or manifestations/gatherings, in specific areas, not months of quasi-insurrection across all of France. That being said, the relationship of the citizens with the French police is very much catastrophic and getting worse, that I agree on. It’s heading down the same path as the US.
      - JPLeRouzic 3y ago
        The cost of 2023 insurrection was 1 G Euro just for a month, and it was across all of France. How many people in other countries have seen a car exploding near their home or a neighbor's home take fire? That happened to me in 2005 in Rennes. Weirdly my co-workers who lived just a few kilometers away in a more wealthy suburb told me that I was exaggerating. Yet the interior minister does not publish any more statistics about burned cars... In many towns, it's common for dealers to fight between them with Kalatchnikovs.
swed420 3y ago
[flagged]
- karmakurtisaani 3y ago
  Ultimately it's the two party system that's screwing Americans over. However, let's not pretend both parties are even remotely the same.
  - swed420 3y ago
    This is a common kneejerk response to being critical of corporate parties, but if you look at my previous message, nowhere did I say they are the same. They are two variations of corrupt and ensure a race to the bottom. Conveniently, they keep everyone bickering about the wrong things while the enablers at the top win no matter what color the current puppet is. Edit to add, I don't suspect adding a third or fourth party of capital will fix the fundamental contradictions baked into capitalism.
    - karmakurtisaani 3y ago
      > This is a common kneejerk response to being critical of corporate parties No need to put a negative label on my point of view even if it differs from yours. In any case, if you look at the candidates for rep or dem nominee for president, there is a stark difference on how they feel about the mega rich and corporations (Warren, Bernie vs. any rep nominee really). Unfortunately the corporation wing typically ends up on top due to establishment support and money. But if you'd expect any change for the better, it would come from the D side, never from the R. Furthermore, there's a huge array of issues where corporate interests are not as strong as party ideals, and it really matters who has the final say in those. As for the multi-party system, you at least get a more evenly distributed set of ideas in the political landscape: environmental party, religious nutjob party, agrarian party etc. This forces the main parties to take stances and be less extreme.
      - swed420 3y ago
        >> This is a common kneejerk response to being critical of corporate parties > No need to put a negative label on my point of view even if it differs from yours. Writing it off the way I did was giving you the benefit of the doubt that you weren't trying to intentionally mischaracterize my statements and instead made a simple error, the kind that would be expected to be common in such a disorienting state of affairs. It's confirmed as common because I see it 20x a day on reddit and even in person when these issues come up in conversation. As for the nominee process, the flaws are addressed here: https://news.ycombinator.com/item?id=40013399 https://news.ycombinator.com/item?id=40013399
seanicus 3y ago
The fun thing about being rich is that you can vote for/financially contribute to the narcissistic authoritarian who wants to schtup his daughter and would be happy to crash the economy, esp if the devastating effects aren't felt until he's out of office -doing all this because the taxes you barely pay are too high - AND ALSO you can be ready to evacuate when things go pear shaped! It's a sweet life but I hope judgment finds them precipitously and harshly.
inquirerGeneral 3y ago
[dead]

by jmclnx 3y ago

matthewdgreen 3y ago

The previous administration brought an enormous amount of pressure down on the Fed, and a new version of that administration will likely be much more focused. Combine that with major tax cuts in our current fiscal environment, the result is not likely to be pretty.

inglor_cz 3y ago

I don't think that stability of a country is a simple function of tax rates. France has the highest taxation in OECD and it is internally very messy. Switzerland much less so.

bestouff 3y ago
I don't think France is so messy. It looks like it because the French really enjoy criticizing everything.
- JPLeRouzic 3y ago
  We only had a quasi-state of insurrection for a month or two each year since 2005 and even before 2005 it was not that quiet: https://fr.wikipedia.org/wiki/%C3%89meutes_dans_les_banlieues_fran%C3%A7aises_depuis_les_ann%C3%A9es_1970 https://fr.wikipedia.org/wiki/%C3%89meutes_dans_les_banlieue...
  - illiac786 3y ago
    That’s an exaggeration , your comment does not reflect the content of the Wikipedia article. 2018, 2019, 2022 and 2023 are listed yes, but definitely not every year since 2005. And it’s days of insurrections or manifestations/gatherings, in specific areas, not months of quasi-insurrection across all of France. That being said, the relationship of the citizens with the French police is very much catastrophic and getting worse, that I agree on. It’s heading down the same path as the US.
    - JPLeRouzic 3y ago
      The cost of 2023 insurrection was 1 G Euro just for a month, and it was across all of France. How many people in other countries have seen a car exploding near their home or a neighbor's home take fire? That happened to me in 2005 in Rennes. Weirdly my co-workers who lived just a few kilometers away in a more wealthy suburb told me that I was exaggerating. Yet the interior minister does not publish any more statistics about burned cars... In many towns, it's common for dealers to fight between them with Kalatchnikovs.

swed420 3y ago

[flagged]

karmakurtisaani 3y ago
Ultimately it's the two party system that's screwing Americans over. However, let's not pretend both parties are even remotely the same.
- swed420 3y ago
  This is a common kneejerk response to being critical of corporate parties, but if you look at my previous message, nowhere did I say they are the same. They are two variations of corrupt and ensure a race to the bottom. Conveniently, they keep everyone bickering about the wrong things while the enablers at the top win no matter what color the current puppet is. Edit to add, I don't suspect adding a third or fourth party of capital will fix the fundamental contradictions baked into capitalism.
  - karmakurtisaani 3y ago
    > This is a common kneejerk response to being critical of corporate parties No need to put a negative label on my point of view even if it differs from yours. In any case, if you look at the candidates for rep or dem nominee for president, there is a stark difference on how they feel about the mega rich and corporations (Warren, Bernie vs. any rep nominee really). Unfortunately the corporation wing typically ends up on top due to establishment support and money. But if you'd expect any change for the better, it would come from the D side, never from the R. Furthermore, there's a huge array of issues where corporate interests are not as strong as party ideals, and it really matters who has the final say in those. As for the multi-party system, you at least get a more evenly distributed set of ideas in the political landscape: environmental party, religious nutjob party, agrarian party etc. This forces the main parties to take stances and be less extreme.
    - swed420 3y ago
      >> This is a common kneejerk response to being critical of corporate parties > No need to put a negative label on my point of view even if it differs from yours. Writing it off the way I did was giving you the benefit of the doubt that you weren't trying to intentionally mischaracterize my statements and instead made a simple error, the kind that would be expected to be common in such a disorienting state of affairs. It's confirmed as common because I see it 20x a day on reddit and even in person when these issues come up in conversation. As for the nominee process, the flaws are addressed here: https://news.ycombinator.com/item?id=40013399 https://news.ycombinator.com/item?id=40013399

seanicus 3y ago

The fun thing about being rich is that you can vote for/financially contribute to the narcissistic authoritarian who wants to schtup his daughter and would be happy to crash the economy, esp if the devastating effects aren't felt until he's out of office -doing all this because the taxes you barely pay are too high - AND ALSO you can be ready to evacuate when things go pear shaped! It's a sweet life but I hope judgment finds them precipitously and harshly.

inquirerGeneral 3y ago

[dead]