Comments by "Grim Affiliations" (@grimaffiliations3671) on "People Have STOPPED PAYING THEIR BILLS!" video.

  1.  @PhuQuocTranIV  only way to stop wealth inequality is to tax wealth
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  2. this is a golden age for blue color work. It won't be long before most white collar jobs are done by ai
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  3.  @prd004.2  This is why i never understood why people are apposed to universal healthcare because they don't want to pay for other peoples healthcare but are ok paying insurance premiums, which is to cover other peoples healthcare. And your deductibles are tied to your premiums, so if you want to pay less for other people, you have to pay more upfront.
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  4. corporate propoganda
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  5.  @Ziegfried82  Fun fact, the federal government doesn't actually use our taxes. They're debited out of existence as soon as we pay them. And if you decide to pay in cash, that cash loses all value as soon as you pay so they throw your tax money in a shredder. Because the government spent the money into circulation in the first place, so paying your taxes doesn't give them new money, it just cancels out what they already spent
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  6. that's what happens when you defund education to lower peoples taxes. Lower taxes always come with a cost
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  7. it should be normal. Interest rates should be 0% forever, and the govenrment should handle inflation with fiscal policy
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  8. the government isn't like you, they make the money. Their "debt" is our savings and assets
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  9. why? The governments deficit is our surplus. So getting them to balance their budget means taking money out of your own pocket
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  10. 😁😅😅
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  11. assuming he finally gets a prediction right
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  12. The system will always function, because they government has all of it's debt in its own currency. This means they have full control of their interest rates and thus, the debt is sustainable. Also, money is not supposed to be a store of value, it's supposed to be a means of exchange. People with money will use it to buy assets, and that's where their wealth comes from
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  13.  @Ziegfried82  No, the debt based system is far superior to a gold based system because it's a lot more flexible. Demand for money explodes during downturns, and the government needs to be able to inject that money into the system to support that demand, otherwise a recession will turn into a depression. Average citizens do not like depressions
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  14.  @RafaelPerez-b9n  Growing debt doesn't lead to inflation. Our debt is many times larger than it was in 1980 but inflation is many times lower. Crashes and depressions were way more common in the gold standard precisely because money supply was so inflexible. We had four recessions every decade on the gold standard, that seems like the very definition of irresponsibility
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  15. They're not getting forced to make EV's, they're doing it because they know it's the future. Chine is coming hard for all internal combustion engine vehicles
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  16. maybe these doom and gloom channels are lying to you?
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  17.  @fredk9999  your line of credit would be cut off if you weren't good for it
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  18. yes and no. They can print whatever they need, but you still need to pay taxes because taxes give value to the currency
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  19.  @Bennysol  No. It only seems that way because you've been lied to your whole life. Taxes do not pay for the federal governments spending. The money you use to pay taxes was spent into the economy by the government in the first place, so when you pay the tax, it doesn't give the government new money. It simply cancels out what they already spent
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  20.  @francismarion6400  nah we have property taxes, land value taxes are lower than property taxes because they don't depend on how big your house is, they depend on how valuable the land it's on is. So people in rural/suburban areas will pay way less than people in high value city real estate. Theres a video on it called "the power of land" check it out
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  21.  @beatrixbrennan1545  what you mean is wrong, that's the point
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  22.  @tom-ks6hz  Wages have gone up massively since then, obviously you wouldn;t be able to live in 2024 with 1980's wages
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  23. government debt is private sector assets, so you're saying the private sector is too rich
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  24.  @Damn-h4e  Learn double entry book keeping. Every liability has an asset on the other side. We own the assets on the other side of the governments liability
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  25.  @bpb5541  maybe because its super small compared to the others
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  26.  @ThunderStruck94660  How do you know trump loves this country? Because he says he does? He loves himself and his elite friends
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  27. they're packed where i am
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  28. its not transfered anywhere
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  29. The GDP was only 1.6% because of a drop in net exports. "core GDP" made up of consumption & fixed investment actually grew at 3.1%, a very strong print
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  30.  @Ziegfried82  You've got to be stagnating to be in stagflation and we're doing the opposite. We're growing a twice the rate of the next strongest g7 country
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  31.  @bpb5541  appreciation isn't the same as inflation
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  32. unemployment for natural born citizen is at record lows
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  33.  @petersmith6145  that's boomers aging out
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  34. spending wont pancake unless governmetn deficits pancake
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  35.  @bpb5541  The economy will be fine as long as the government continues to run deficits, which they will
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  36. why would they give all that stimulus and pay off peoples student loans then?
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  37. without taxes you have anarchy
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  38.  @NE0Nwhip  That isn't necessary. If the debt becomes a problem we could always just stop selling bonds. There's no rule that says we need to match deficits with bond sales. Or we could just buy out half our debt like the Japanese did
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  39. what do you make of republicans trying to cut social security by 20% by raising the retirement age?
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  40.  @L.Fontein7  Fiat currencies don't become worthless when you borrow exclusively in your own currency. This is why countries like sri lanka, argentina, venezuella etc went under with far lower debt to gdp ratios than japan. They borrowed in foreign currencies, Japan borrowed in it's own currency. Taxes will always give some value to your currency, in fact people in the US only pay federal taxes to give value to the dollar, the government doesn't actually use it
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  41.  @PhuQuocTranIV  this is why im thankful biden has ended the student loan crisis
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  42.  @atlantasailor1  it's very different actually. We don't determine the value of of our currency based on how much shiny rocks we have in them
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  43.  @rnettles6241  We certainly wouldn't be growing at twice the rate of the next strongest g7 country, we wouldn't unemployment below 4% for the longest stretch since the 60's, we wouldn't have new business forming at a record pace. Be serious
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  44. this is why government deficits is a good thing. The Governments deficit is our surplus, so as long as they keep running deficits, the private sector will have the funds to spend with
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  45. they dont
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  46.  @ld9044  it aint a depression if people dont know
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  47.  @ld9044  the point is people would feel a depression. They clearly arent, most people say their finances are just fine. New business are starting up at a record pace, restaurant and concerts are packed. Even if they're paying with credit, they wouldn't have access to that credit in a depression
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  48.  @commonsense504  not inevitable at all
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  49. it doesn't. Core cpi leaves those out to see what underlying inflation is
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  50.  @joeimj6203  and people claim we're in a depression
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  51. no, they're paying us interest
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  52.  @debbiec6216  lol
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  53. florida is actually a good place to own an ev because it's very sunny. You would be able to charge your car from home and save money on gas
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  54. the banks down just give out loans, you've gotta be good for it. More people getting loans approved means more people are able to pay
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  55. @hycoperosity5843 the fed is part of the government. Its funny how many people think the US government has to beg for money from a private bank. They're a government entity. They were created by the government, get their authority from government, answer to government, have their board of governors appointed by the government, have to turn over all their profits to the government, and only exist to fulfil their dual mandate from the government, full employment + low inflation. Also, the governments "debt" is our asset. If they were to wipe out the debt, millions of peoples savings and assets would go down the toilet. Both dollars and bonds are just government IOU's, so if you're not mad your grandkids would inherit money, you shouldn't be mad they'll inherit bonds (government debt)
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  56. only gonna get worse with global warming
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  57. we need a land value tax
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  58. anyone who owns a home isn't getting crushed, they're thriving
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  59.  @Sweetbutpsyko  they need to ditch all these laws making it harder to build new housing. Single family mandates, parking minimums, 2 stair mandates
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  60. we stopped doing that ages ago
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  61.  @beatrixbrennan1545  No on receives public tax dollars on the federal level. Your taxes do not pay for anything the federal government does. The money you use to pay taxes was spent into the economy by the government, so paying your taxes doesn't give the government new money, it just cancels out the money they already spent. This is why they throw your tax money in a shredder if you pay by cash. Try it out yourself
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  62. high rates are keeping inflation high.
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  63.  @kevinhaney293  Government employees are paid for their labor like anyone else. They are not funded by taxpayers because taxes are deleted at the IRS
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  64.  @terrifiorelli9819  The money will never turn to toilet paper. The only reason the federal government makes us pay taxes is to give their currency value. They throw our taxes in a shredder after we pay them. You can buy shredded tax money in DC
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  65.  @terrifiorelli9819  Argentina has tonnes of debt in foreign currencies. The US has all of its debt in dollars, so it will be fine. This is why japan hasn't had hyperinflation or defaulted despite having a debt to gdp ratio far higher than Venezuela
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  66. micro recessions happen all the time tho, that's not a real recession
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