Comments by "looseycanon" (@looseycanon) on "Everything You've Missed on the Economy" video.

  1. Yeah, nope. Taxing the rich won't help. Let me explain on an example of a landlord. Because all landlords are the same, they all want the same thing, which is certain return on their investments in the homes they bought and now are renting out (if they're renting them out). If you increase taxation of the rich, from calculation standpoint, you'll only increase their necessary financial inputs, which they'll just turn around and pass to the tenant in the form of increased rent based on recalculated ROI on their investment in the housing stock they've procured earlier, to cover the change in available cash flow to them (tax becomes cash flow to the state). Because the owners can demand more, they will demand more, as prices are downward inflexible, so effectively, you've created inflation. No, the only way to achieve the desired outcome, would be to devalue the assets owned by the rich at fundamental level. That means reform copyright and patent laws, to make these assets within a lifetime (ideally no more than five years) worthless, thus removing the incentive to hoarding it. In terms of housing, any and all not safety caused zoning must be repealed to allow construction of new housing. Repeal mining limits and environmental protection laws (funny, how it's mostly the West, that's plagued by this... the rich west) to cut down price of materials produced by said mining. Certain things in the economy must be definancialized (education, housing, etc.) and made into public assets available to anybody at all times for free (or at least paid by taxes and actual donations). Particularly schools must be strictly made non-profit institutions and must be strictly prohibited from purchasing anything tailor made for them (either as individual schools or as a system member). Anything, that universities procure in terms of research must be public, free of charge accessible information (including without ads). etc. etc. This is not communism. This is no communism. It's only putting proper limits on capitalism, so it can't get off the leash like it had over the past twenty or so years.
    1