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Aaron Okeanos
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Comments by "Aaron Okeanos" (@AaronOkeanos) on "Republicans Like Will Cain Are ADDICTED To Their Victim Complex" video.
The argument with the intrest rates increase to make borrowing money more expensive is valid. Normally this reduces investment however something new come up. It is true that tons of money have been borrowed to invest. But the investment no longer goes into real economy it goes directly back into the financial markets to make more money with this money. For example with stock buybacks or investments in hedge funds, etc. And there is something else which causes a problem. Owners of large amounts of stocks did go to banks to create loans using their stocks as safety. They borrowed against their stock papers so to speak for almosth nothing. This does not count as "realizing gains" (= income which would be subject to taxes) quite the opposit you could even use this to reduce your taxes (!!!) even basically stealing tax money to make you even richer. THIS is really creating money out of nothing. And since this money goes back into the financial market not the real economy the problem only gets worse. This is why they needed to make this strange step which seems counter-intuitive. And the worst is: They need to do even more of that. Much more to stop the speculation on the financial market because a huge bubble is forming there which is making 1929 a picknick. The problem is: The Intrest-Rate effects the Financial Market AND the real economy. We need a new tool. And we need to redefine what "income" is and apply progressive income tax accordingly. And we need to start taxing Financial Transactions - immediatly!
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This Inflation-Hysteria is also used to pick and choose on what the government should spend money on. Everytime money should be spend on something they don't like the Inflation-Hysteria with the "printing money" rubbish is unmothed. But when the spending benefits them (military, chips, subsidies to oil and drug industry, selling infrastructure, etc) they stay quit. And Americans buy this bullshit. Every single time. Americans are groomed into this Inflation Hysteria. You just need to say the magic word and Americans shut up about wanting things - payed from their own taxes. And the simplest way which scares the hell out of Corporate America would be a law stating that all wages are bound to the inflation rate and must increase at least by this amount each year. It would make Inflation completly harmless for normal working people.
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There would be simple solution to inflation: Make a law binding all wages, pensions and benefits to the inflation rate. Meaning you get each year automatically an increase at least as height as the inflation rate. -- Voilá Inflation is not an issue for working people.
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This Inflation-Hysteria is used for one purpose: To fear you into accepting constant pay-cuts in real-terms. If your wage not increase each year by at least the inflation-rate you effectivly getting a pay-cut because all services and products you buy rise by the inflation-rate if you get a raise or not.
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George Riely When did that happen the last time? When was the Inflation Rate ever below 0%?
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George Riely Well my suggestion was to bind wages to this very value. Did it ever fall below 0%? I know what you said and I seen what you did. Saying a small truth ... about something entirely else in order to appear clever and pretend to made an argument. But now you look like an idiot or a conman ... depending on if this was intentional or accidental.
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