Comments by "coolmodelguy" (@coolmodelguy6304) on "The Majority Report w/ Sam Seder" channel.

@Gamenetreviews - Infinite growth is a fairy tale, or o put it bluntly, a scam. You have not giving any obvious reason for a wealth cap being a horrible idea, looking at France hardly counts. Put some brain cells into the task man! Come up with real reasons against a wealth cap, and for each reason you give I think there are many valid counter arguments. I'll give you the first one for free. A wealth cap would put an end to housing speculation, therefor interrupting the so called "growth" in the housing markets which is deleterious and unhealthy. Banks would no longer be able then to create new money out of thin air for new mortgages, thus slowing the devaluation of the dollar which has afflicted consumers for the past 40 years.
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@Gamenetreviews - Nice job completely ignoring the math. You are very smart.
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@Gamenetreviews - Still failing to address the inescapable math. Pivot all you want to, you cannot run away from the fact that infinite growth is a fairy tale. You talk about nightmares, what we have right now is the mother of all nightmares and you are failing to address that fact.
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@Gamenetreviews - Growth carries on even when resources are finite, just in different ways. However, growth of pollution, growth of population, growth of concentrated wealth in the hands of less than 1% of the population, these cannot be infinite. You really don't have the intellect to think these things out, as shown by your "one line" approach here. When confronted with a wall of math you cannot refute, you seek refuge, pivot and hide. Don't have children, they won't survive with you as a parent.
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@Gamenetreviews - All that education from a high ranked university and your top "low" school has not taught you how to spell. The word is "taunt", not "taught". You, my friend, are brainwashed. You have swallowed all the capitalist propaganda furnished by "high ranked" universities that rely on endowments and gifts from the libertarian leaning Koch's and their ilk. It appears I have several decades on you in the "real world", which have taught me far more than your vaunted university education. You should try it sometime, you certainly are lacking real world credentials. Strong or even weak capitalism is not required for future growth or technological innovation, in fact capitalism is an extreme detriment to both growth and technological innovation. A majority of technological innovations have been birthed due to socialism, not capitalism, especially here in the United States. I could give you lessons, but in order to not waste my valuable time, you would have to prove that your brain has not been too far rotted by the propaganda you have absorbed.
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@Gamenetreviews - You are spouting right wing libertarian talking points (propaganda), not actual fact. It bears repeating that you still have not addressed my original comment, which shows how weak your intellect really is. You cannot have capitalists with $30 trillion seeking a 5% rate of return from a $20 trillion annual GDP growing at 2.5% annually without cannibalizing the economy. One trillion dollars is skimmed of the annual GDP to pay this RoR to the 1%, yet instead of calling it skimming, capitalist's rebrand this looting as productivity. I'm calling out the lie that is capitalism and you, the aspiring lawyer, cannot counter my facts. Objection overruled. Meanwhile, if you are too lazy to check your spelling, then you are also too lazy to check your facts. You lost your case.
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@Gamenetreviews - How can anyone have a genuine debate with a liar? You have pivoted again, this time with outright lies. You want to believe what you have written? Then prepare for a pitchfork right up your ass my friend, because the people are not going to be fooled by your lies or Bill Gates lies for very much longer.
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@Gamenetreviews - Once again, you are in to big of a hurry to divert. Must be difficult to have such a huge inferiority complex, especially when you are outmaneuvered by a superior intellect. No wonder you chose law school.
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@Gamenetreviews - You know, it is so funny that you libertarians are so predictable. Every time you lose because the facts don't align with your preferred outcome, you resort to calling people failures. Heard it a thousand times and not once has your ilk had actual facts to back yourself up. What a sad loser.
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@Gamenetreviews - The core fact here and now is that you lied. "American billionaires have higher rates of returns because they grow the economy more and cause more innovation." That is a lie. American billionaires have those billions because they take more out of the economy than they put in. "Most of the growth in our economy is done by Billionaires companies." Another lie. Most of the "growth in our economy is wealth extraction which is rebranded as "growth". You simply cannot accept the facts, so you lie. Typical capitalist. Easy to goad. Try being honest, you will not melt.
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@Gamenetreviews _ Funny how you keep assigning a source in order to justify your corrupt beliefs. What I wrote about is common knowledge and straight forward math, not a reference to Marx or Picketty. What you are referring to when you cite Google, Facebook or Koch Industries are capitalist monopolies, which is another name for the executioner of small businesses and innovation. The billionaires that have resulted from these monopolies exploit labor and extract wealth from the rest of us, that is not growth, it is cannibalism. Furthermore, the trope that capitalism is the source of innovation and invention is entirely incorrect. The U.S. taxpayers paid for the research and development of the internet, the computer as we now know it, and most of the technology that goes into cell phones. In other words it was socialism that developed the tools of our modern society. Capitalism merely exploited those technologies and made monopolies out of them. Capitalist only care about quarterly profits, they cannot make long term investments because they only think about their short term bottom line, so they steal the results of our long term investments paid for with our tax dollars so they can be exploited. All you have to justify your support of the capitalist system are lies and propaganda. Keep it up and get used to watching your back, the people will not stand for this bullshit much longer. If you keep going down this blatantly dishonest path, the modern equivalent of the pitchfork will be your reward.
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@TwoOffTheTeeGolf - No difference at all. When I pay an increased private cost that has no tangible benefit for me, an increase in cost whose sole purpose is to pay free money in the form of interest on already existing wealth, that is a tax. Gunpoint or not, at least with my government taxes I am getting something in return.
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@truecanadian8254 - Close. You are on the correct track.
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Jimmy Jazz - Close also. If we can't get this one . . . we will never win.
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@streetteamtony2672 - You are getting cold. The previous two answers were closer to the correct answer.
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@aidenwhiting5131 - Your answer reflects how we have been trained to think. The correct answer is embedded within your answer.
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@switchlike - Very close. There is one thing every answer given so far has in common.
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@imporia - Your guess is extremely close. Do you want to know what is more annoying than playing 20 questions in the comment section, beyond the fact that I asked only one question . . . ? It is when people are lacking very basic knowledge. I should know, because it took a year of solid research and going up many blind alleys before I latched onto the answer . . . and to top it off the answer was just handed to me by a professor on YouTube.
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@imaseeker100 - Income tax is not a wealth cap. In the 1950's to top income tax brackets acted as a pressure regulator, but after the republican tax cuts of the past 50 years this is no longer the case.
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@boggisthecat - I have not read Chomsky, however I have listened to him speak many times. The greatest influences on my thinking have been Noam Chomsky, Richard Wolff, Chris Hedges, Mark Blythe, Robert Reich, Stephanie Kelton, David Harvey, Ralph Nader, Michael Hudson, Thom Hartmann . . . . There are others but that list is off the top of my head. To your point about beliefs and belief systems. There are simple one-liners that permeate deep seated belief systems. For instance, when you ask a room full of people if they believe in god they will answer with a simple yes or no. For those that say yes, the reasons why they believe in god vary but for the most part it is because that is what their parents believe and it was passed down to them. Once you start digging in with questions, it becomes very apparent that out of the entire room, very few if any go to church and almost none have read the bible. For most people there is no real reason why they believe in god, they just do because that is the accepted mythology passed down through the generations. Same thing with capitalism, when you ask the same room full of people if they believe in capitalism the resounding answer will be yes. When you ask why, most people will respond that capitalism lifts people out of poverty. It does not matter if that answer is true or not to these people, they are just regurgitating the mythology they have been taught. Unfortunately, most belief systems do not rely of facts, they rely on simple truisms whether the truisms be actually true or not. Capitalism has an entire mythos surrounding it like a protective shell, a set of beliefs or assumptions built up over time to preserve the capitalist power. For this very reason, I have been seeking the counter agent to this built up mythos . . . something simple that will act as the tip of the spear in order to pierce the mythos and render it vulnerable to attack. Now I'm going to swing back to my opening statement. No reform can stand over time because accumulated wealth (individual and corporate) will attack, erode and eliminate the reform. To defeat this menace once and for all, there must be a rallying cry which is also a weapon, something that is simple to wield and understand . . . which is also irrefutably true. The way our enemies operate is to dilute, erode and destroy. This is why the many battle banners such as "Fight for $15", "Medicare for All", "Climate Change", "Free College" and "Worker Co-ops" . . . .they are all incredibly vulnerable to attack via dilution, erosion and outright destruction by the powers of capitalism because capitalism wields its wealth mythos like a weapon. We must come up with an equally powerful weapon of our own to defeat the mythos of capitalism, a weapon of propaganda that is simple to understand and wield. In other words, we must create our own belief system based on a simple truth. The simplest truth I have been able to distill from all of my research is that wealth over-accumulation is toxic, just like alcohol is toxic in too large a quantity. Therefor it stands to reason that this simple truth must be the tip of the spear and all other reforms are part of the spear . . . but they must follow the tip. A spear is useless without a sharp tip, so also are these many reforms useless without the tip of the spear which creates the opening to deal the fatal blow to capitalism as we know it.
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No Name - One thing everyone needs to be aware of . . . reforms are always undone. Even if Bernie wins, and I hope he does, no reform that he can get placed whether by executive order or by signing legislation . . . will ever stand the test of time. There is only one reform that can protect all other progressive reforms over the long haul, and it is never talked about. Look back on history and ask yourself this one question: What single force stands behind the undermining of all progressive political reforms from the gilded age forward? Can any of you figure out what that force is?
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The more I study these . . . people, the more I come to understand that what they fear over everything else, is to be considered ordinary. Take away their wealth and that is exactly what they become, ordinary.
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Bijou Smith - Parasitic is the most appropriate word to use, when applied to the FIRE sector of the economy (Finance, Insurance and Real Estate). People don't want the 1% sucking down the entire GDP gain for 2018 plus an additional $1,000 billion (one trillion, or 5% of our GDP), just to satisfy their need for a "rate of return" on wealth that is already out of control. The 1% consumed 7.7% of our economy in 2018 just to satisfy their greedy need for "free money", which they got simply because they already had so much wealth sitting around. It is legally expected that their existing wealth must grow at a faster rate than any economy can support, just because we have this legal mechanism called "compounded interest". My contention is that most of this "code of capital" can be brought under control through a hard cap on wealth accumulation. So many legal issues will be solved by applying the framework of a wealth cap, others will get a chance at the pie when individuals and corporations are reigned in by the finite size of the pie they can claim.
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MidScream1 - Your quoting now straight out of the oligarchs propaganda handbook. "you do know you only get rich by voluntary transactions between two people right? The buyer has to give up something of value and the seller has to provide something of value..." Right . . . so many of the transactions I go through every month are voluntary. Right . . . Answer me this smart guy, why has housing and energy tripled in cost over the past 30 years while wages have been stagnant compared to worker productivity? What is it about housing and energy that became so much more valuable than workers pay rates? Can you answer that?
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Mnd0vrMnky - This MidScream1 character is probably a troll farm employee who is very well schooled in pivoting and projection. Notice the refusal to provide anything but talking points?
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MidScream1 - No. What you are really saying is . . . you have no clue what you are talking about. You don't know about business, either statistically or the operations. You don't know anything about economics, you certainly have no historical economic perspective, you don't know how wealth is created or extracted from the economy. You barf out taking points and put your "$" signs where all the "s'es" belong like a juvenile, but you really have no understanding about the things you write. If you cannot make sense in further comments, then I bid you good bye and Good Day.
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Alpha Crusader - Is that the limit of your thinking? Really now, where do you think money comes from in the first place? In addition, who is really "earning" all that money once a person or family has accumulated 50 million dollars in wealth? First answer, all money belongs to the people of the nation that issued the currency. That is the peoples money, not yours or mine. Second answer, A person might reasonable earn up to a couple hundred thousand dollars per year . . . but after that, any further money is being "earned", is really being earned by people other than the person pocketing it. So really, it is about time some people who have enough money already, to stop stealing money other people have earned . . . don't you think???. Finally, not lol because nothing about this is funny.
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@mustbtrouble - What, no supporting argument? Just no?
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The freest of speech - Well now, I am glad that you can live with that . . . seems how the issue of employers like Trump who hire these people are never prosecuted, is much more important and damaging to our economy than anything else the "illegal aliens" are doing. For someone with the moniker "The freest of speech", you seem to have given up your freedom of thought in favor of being lead around by your nose ring, buying into the propaganda dialog being spoon fed to you by the oligarchs who are the worst offenders. Who do you think are causing the problems in their home countries? It is the plunderers of resources from the good old USA who cause these problems, not the migrants who are simply trying to find a better life.
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KingDeathTrooper - The flawed ideology is going after the migrants instead of going after the employers who hire them. There was a time when employers went to jail for hiring illegal workers, however moneyed interests scrapped that law precisely so they could later use migrant and illegal workers as a scapegoat to divert attention from the damage the employers caused to our economy in the first place. Nice to see you are swallowing the oligarchs propaganda, bait, line and rod.
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The freest of speech - You are just an oligarch pawn, buying into their propaganda. Just stop lying already, you are doing more damage spewing their vitriol than any illegal can do. How does it feel to be to be completely willing to undermine your own country? You are disgusting.
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We have a minimum wage, now it is time to put a maximum cap on individual and family accumulation of wealth. I'm not talking about taking away all of our "embarrassed millionaires" right to earn those millions . . . but come on now, be realistic! How many of us has ever seen five million in earnings over a lifetime of working? If you earn $50,000 annually . . . the most wealth you could possibly accumulate over a working life of 30 years is 1.5 million dollars and that is only if you saved every penny and paid no taxes! If the rest of you folks are like me, I have no problem capping all family wealth accumulation for a lifetime at $50 million dollars with a 95% inheritance tax to avoid dynastic wealth accumulation. That comes out roughly at $1.75 million earned after taxes annually. Virtually every single problem facing us as a human society has its roots embedded in those very few of us who are morbidly wealthy. With the exception of asteroid strikes and possibly earthquakes and volcanoes, every single problem we have stems from accumulated wealth in the hands of very few human beings. Eliminate that morbid excess that with a simple wealth and earnings cap, then most of our problems will disappear and many others will find logical solutions that were being stifled by wealthy individuals who wielded power far in excess of the ONE VOTE they are legally entitled to.
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@chuck1prillaman - Indeed. The wealthy have rigged the pipes so that the flow goes to them alone and sucks wealth away from everyone else. It is the latter that is so insidious, because the upper end of the 1% have run out of productive means to gain a "sufficient" rate of return, they have rigged the pipes to "extract" wealth from the bottom 99% and instead of calling it "skimming off the top" like an honest mafioso, they rebrand their theft as "productivity". This is why after over 50 years of living through this, I am calling for a wealth cap. Instead of GDP gains flowing through one valve to the elites, we need a manifold to cap that flow at a set limit so that others have the opportunity to benefit from the work we all do to make this economy work. The arrangement we have now is simply outright theft.
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None of this matters when in 30 years the wealthy will have all of the money in the world and none of us will be able to breathe.
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