Economics Thread

[striker42]

Why don't we just cut spending drastically and let people, poor or rich, keep what they have earned?

Why do we constantly try to find ways to take from efficient people and give to horribly bloated inefficient bureaucracies?

At this point I just want fiscal responsibility. If your spending is more than your income you have to either cut spending, increase revenue, or more likely both. I just want to see us be able to pay our bills.

[thethe]

At this point I just want fiscal responsibility. If your spending is more than your income you have to either cut spending, increase revenue, or more likely both. I just want to see us be able to pay our bills.

We would always go to the CCP and demand reparations.

[thethe]

The biggest thing our tax laws should encourage is social/economic mobility.

I don't see the argument otherwise.

[Jaw]

The biggest thing our tax laws should encourage is social/economic mobility.

I don't see the argument otherwise.

Yeah, this is why I fell out of the typical conservative mindset on economics. There's no question in my mind that the free market, low taxes path is best for economic numbers, but that economic power is becoming too focused. The Kochs and Soros and Zucks and their corporations have transcended the amount of influence and power anyone should have in a republic of 300 million, and they're able to influence laws and regulations in a way that lets them continue to expand their influence. Externalities matter.

Corporations threatening to leave shouldn't be an issue because we need to nix the devastation of free trade anyway. If they want to leave they can, and either lose the largest market in the world or try to compete with domestic companies who don't have the burden of a massive import tariff.

We've done all of this before. Free trade and lower tax rates are a recent state of affairs that should have been treated like a short term stimulus, not a long term status quo.

[sturg33]

If we had a much smaller government the influence of corps and wealthy would be much smaller

[acesfull86]

Why don't we just cut spending drastically and let people, poor or rich, keep what they have earned?

Why do we constantly try to find ways to take from efficient people and give to horribly bloated inefficient bureaucracies?

This

[thethe]

If we had a much smaller government the influence of corps and wealthy would be much smaller

Debatable and I would be happy to argue the exact opposite.

[Jaw]

If we had a much smaller government the influence of corps and wealthy would be much smaller

I'm on board with this, but it's unobtainium. I still have this weird notion that the feds should be limited to interstate, international, and military affairs. Can't imagine where I got the idea. But it will never happen without some type of genuine collapse or revolution.

[sturg33]

Debatable and I would be happy to argue the exact opposite.

Well... our government is massive... and they are instituting illegal mandates through the corporate partners to escape the unconstitutionality of their mandates

In return the government gives these corporations major wellfare, and works to dismember its competition (small businesses)

cut the power of the government in half and these corps are far less interested in donating and complying

[thethe]

Desantis is showing how government can actually protect individual liberties.

[sturg33]

Arguing to give the government more money is akin to arguing to erase student debt as the solution to the debt problem.

You are simply feeding the problem

[thethe]

Arguing to give the government more money is akin to arguing to erase student debt as the solution to the debt problem.

You are simply feeding the problem

Thats because we have fed the wrong politicians.

And if you add something simple like term limits then your fears should be eased.

[thethe]

Hows that inflation doing Sturg?

[sturg33]

Hows that inflation doing Sturg?

Making my Cryptos skyrocket

[thethe]

Making my Cryptos skyrocket

BTC/ETH/Link/Matic/Ox

The money I've made on this portfolio is amazing.

[sturg33]

BTC/ETH/Link/Matic/Ox

The money I've made on this portfolio is amazing.

What are Matic and Ox?

I'm heavy in BTC and Etha, and good positions in LINK, ALGO, DOT, STMXA... A few smaller positions just to spread out the bets

[thethe]

What are Matic and Ox?

I'm heavy in BTC and Etha, and good positions in LINK, ALGO, DOT, STMXA... A few smaller positions just to spread out the bets

Matic (Polygon) creates side chains on the Etherium network. Less secure but also more efficient.

Ox (ZRX) facilitates more efficient trading on Etherium.

Also forget I'm long on ADA. Supposed to be a better version of Etherium.

[sturg33]

I wouldn't touch ADA. SOL better play IMO but has run up quite a bit

[thethe]

I wouldn't touch ADA. SOL better play IMO but has run up quite a bit

A few thousand coins doesn't hurt me :)

Looking for big pops

[nsacpi]

Robert Schiller sounds the warning on bubbles.

https://www.nytimes.com/2021/10/01/b...ness&smtyp=cur

The prices of stocks, bonds and real estate, the three major asset classes in the United States, are all extremely high. In fact, the three have never been this overpriced simultaneously in modern history.

What we are experiencing isn’t caused by any single objective factor. It may be best explained as a result of a confluence of popular narratives that have together led to higher prices.