Comments by "Aaron Okeanos" (@AaronOkeanos) on "Republicans Like Will Cain Are ADDICTED To Their Victim Complex" video.

  1. 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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