Comments by "coolmodelguy" (@coolmodelguy6304) on "Fox News"
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Matthew Johnson - With all due respect, you sound sincere however it is you who is mistaken. I've been studying this phenomenon along with other possible "stories" that might be told of humanity's future. Not my entire life, to be sure. This is a recent development that was out outgrowth of a research project I did on our economy. I am 57 now and I began the aforementioned research project when I was 55. Before that time I thought myself well versed in economics, but I was very much incorrect in that assumption.
Point of fact. We give up a certain amount of freedom no matter what we do to feed ourselves, to cloth and house ourselves . . . you must know this.
I have never claimed that we should go a "socialist route". The reason why? There really is not any set path with one ideology that can be viable, the past forty years outline that fact. The economy and society are one entity, we will solve our problems with a mixture or recipe of ideas and actions. Speaking of recipes, have you ever tasted a perfectly good meal that was spoiled by in injudicious use of spices? I have, so I will claim that the economy and society we have now is rather sour. We need a better recipe.
One thing I have not been able to turn up in my research is an overall view of what resources we have here in the USA. We do need a plan for our future, one that is agreed on by our people, We just cannot keep barreling down the economic highway with every mile marker . . . simply marking more growth. If you stop to think about it, exponential growth is not possible . . . . yet every GDP report that shows growth does not separate out the growth from the previous report. Every gain is added to the base from which growth will be measured for the next report. It it apparent that our economic growth is outstripping the resources of this world.
Like it or not, something is going to change. If we choose to act, we can moderate whatever discomfort or pain accompanies that change. If we squabble and fight, the change will happen and we will be helpless to do anything but go for the ride. Personally I want humanity to survive and prosper, so all viable alternatives such as socialism, a resource based system, a market system, or a viable mix of systems must be on the table.
I could go on, bringing in such topics as supply, monetary inflation, energy use and production . . . but those topics require a dialog. The Fox News crowd is not known for their capacity for dialog . . . . but one can hope. To be honest, I also come here to vent my frustration upon those very people who are most responsible for our moving in the wrong direction. That is you folk, and I come here to squabble with you.
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I can't figure out my fellow Americans, are you too scared, or do you just not care? In 30 years, 10% of Americans will OWN ALL WEALTH.
Today Donald Hump proposed rounding up homeless in California and putting them into internment camps costing over $700/day/per individual . . . paid for by the Federal Government. Fox News has been drumming up support for this policy idea all week.
For the cost of this "internment" plan, all homeless could easily be housed without losing their freedom.
More people are on their way to homelessness and it will include people that used to think it would never happen to them.
The 1% in this country have $30 trillion in accumulated wealth they are not spending, at a mere 2% interest it would take all the GDP gains for
2018 plus an additional $40 billion to pay. Yet when I look at S&P500 index funds, they have been paying over 9% since 1994. Look at a more moderate 5% rate of return, that comes out to $1.5 trillion which eats all 2018's GDP gain plus 1/20th of the entire economy.
Thom reported on the U.S. Treasury report in August 2019 which spelled out in detail that in 33 years, the top 10% will own ALL wealth in the
USA. The bottom 90% are all going to end up in internment camps.
So what is wrong with all of YOU, that whenever I bring this topic up of the wealthy eating our economy whole . . . I hear nothing but silence? Are you all too scared to react, to horrified to take serious action, or even to think about what must be done? Is fighting a racist agenda more important to you? These wealthy people don't care at all if you are white, black, brown, yellow or purple. They are distracting us on purpose with everything under the sun, do you simply not care that soon you and your children, your entire families will be homeless or worse . . . in internment camps?
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