Comments by "IIIRattleHeadIII" (@badass6300) on "We're Not In A Recession. Why Does It Feel Like We Are?" video.

  1. For many reasons. First GDP is one of the worst metrics to go by, it's easily manipulated and hollow. Second because a country is rich, doesn't mean its citizens are, that's a good sign of authoritarian country, weather it be pure government authority or mixed with corporations, it doesn't matter. Instead of looking at GDP, look at the purchasing power of the median person compared to the prices of homes, food, clothing, cars and other everyday items. From the 4 I listed only clothing is not expensive, while the other 3 are unaffordable, even to people with above average income.
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  2. @madduxnagel6935 But not in a pacifist way. Pacifism led to where we are now.
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  3.  @wafercrackerjack880  yeah. If I sold you a chair for 5$ and then you sold me that chair back for 5$ and we repeated that, we just added 20$ to the GDP, but in reality nothing really happened. When the government prints money that also goes to the GDP... Stock transactions go to the GDP... etc, etc.
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  4.  @yourunclejohn  yup.
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  5.  @smallsnippets  So the usual then. Someone invents something, but it's not tested yet. He presents it to people and they like it so much that they don't wait for it to be tested and theory crafted, they just go with it and treat it like a godly invention...
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  6.  @TheBrazilRules  Thank you
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  7.  @markusbetts  The rich don't pay taxes, they didn't pay taxes even in the 50s when the tax ceiling was 91%...
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