Comments by "Titanium Rain" (@ChucksSEADnDEAD) on "Does National Debt Still Matter? America's Gamble" video.

@argon7479 Those "current" economists are riding the trendy wave. Those things generate more money? Building schools doesn't mean anything when people don't want to learn. Spending on infrastructure is just a subsidy on big businesses. The currency is inflating. You're just not seeing the effects because the inflation is contained to the financial sector. Once you start spending on real goods, you'll see.
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@joaovitorino662 The US welfare state is pretty expansive. More is spent on it than on the military.
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@argon7479 How does money make school enjoyable? I will need an explanation for that. Unless you're actually paying students to get good grades I don't see it happening. People are going 50k into debt because they've been convinced everyone needs a degree, and with everyone getting a degree good luck getting a job that doesn't need a degree without a degree because everyone has one, so demand for degrees is overinflated but there's no incentive to increase the supply. Hmmm, funny how that works. Let's also not question that the institutions selling these degrees have an incentive to sell useless degrees that have no job prospects except academia, and trapping people in the cycle. What exactly do you need to be cheaper to transport? There's stuff that costs literal cents that had to travel across the world. So your solution is give money to the people who make the money. Okay, that is the literal strawman of "trickle down economics". Define "most economists". Plenty of economists are Austrians, Keynesians, neo-Keynesians, etc. MMT is just a new trend that even neo-Keynesians twist their nose at. Who's "they"? People who have an incentive to being in the Party? To be in control? Meanwhile everyone else outside the castle is telling them its a bad idea. And they've been saying it since 2010? That's not a good endorsement!
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In MMT, taxation is a way to "destroy" the money out of circulation to prevent inflation. So instead of paying more at the grocery store, you simply get your wages deducted from. Yeah. No need to tell me how insane this is.
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@argon7479 I thought it was the opposite, the better the results in standardized testing the more funding you get. And I guess standardized testing scores correlate to graduation. Or, the better funded schools are in higher income districts, and kids being born from families with higher incomes means they have a higher chance to graduate (not saying they're smarter... just that they graduate). Everyone needs a degree? Even if you're a plumber. Most jobs require education. Okay. Do you need a business degree to manage a corner store? Wage is a reflection of how much demand there is for a service and how many people are willing to do it. If there's a shortage of welders, welders get paid more. Doesn't matter if they have a mechanical engineering degree or just went to trade school. If there's a shortage of plumbers you'll have to pay more for one. It's not about education. I can guarantee there's people using their business, marketing and programming degrees on their current job who are living in worse conditions than people in the trades. If you increase the speed limit you'll lose more money due to increased injury and fatality rates. It's a trade off. You also make it cheaper for business to operate by taxing less. Raising taxes on the rich doesn't work. France tried that and they failed miserably because the ultra wealthy simply moved out of France or stopped paying themselves a wage for a few years. Raising taxes on the rich simply makes it costlier to do business, which is contrary to your stated goal. Appealing to the majority is a fallacy. Many times the majority doesn't understand the issues.
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More like, the Tea Party was quite clearly co-opted by corporate interests and lost all its credibility because it became about erasing regulations the companies didn't like while not actually doing anything for the people.
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@chancetempleton3829 I'm sure someone had a hearty laugh about that sign after seeing the picture on the newspapers. Meanwhile the exposes on who controlled the Tea Party absolutely nuked its credibility.
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