ballsalsa said:

I wish the treasury would #MintTheCoin.  As long as the money went to the public, the inflation involved would actually go a long way toward correcting the wealth theft that was facilitated by Reagonomics.

---

Are you talking about the single(or,few dozen) coin to pay the debt?


And...regan fucked up alot. Amnisty for millions, shutting down the mental prisons. I wasnt alive,but I dont see why republicans cling to him

ballsalsa said:

To pay the debt? No.  To pay the public.  When money is conjured via debt the banks don't mind because they can multiply the dollars by more than the rate of inflation and charge interest on it.  Corps and folks with numbered bank accounts don't mind because the they get the lion's share of the credit extended in these bailouts, usually with Gov't guarantees on the loans, etc.  Little people get shafted.  They don't get the credit or the free money.  If you mint a few coins and give the money to the public it is more inflationary but the gains go to the little people and the value for the new dollars comes directly out of the money sitting in the numbered accounts.  Essentially an instant, one-time wealth tax to redistribute the ill begotten gains of the last 40 years and maybe buy capitalism another half decade before consumers run out of money and the whole shithouse collspses

---

ballsalsa said:

To pay the debt? No.  To pay the public.  When money is conjured via debt the banks don't mind because they can multiply the dollars by more than the rate of inflation and charge interest on it.  Corps and folks with numbered bank accounts don't mind because the they get the lion's share of the credit extended in these bailouts, usually with Gov't guarantees on the loans, etc.  Little people get shafted.  They don't get the credit or the free money.  If you mint a few coins and give the money to the public it is more inflationary but the gains go to the little people and the value for the new dollars comes directly out of the money sitting in the numbered accounts.  Essentially an instant, one-time wealth tax to redistribute the ill begotten gains of the last 40 years and maybe buy capitalism another half decade before consumers run out of money and the whole shithouse collspses

---

specialpeopleclub said:

So everyone over whatever arbitrary income you choose are taking from society?
1% is around $200,000
Or are millionaires or billionaires the problem?

---

qman said:

https://www.mckinsey.com/featured-insights/employment-and-growth/a-new-look-at-the-declining-labor-share-of-income-in-the-united-states

It's almost like The Elite do everything possible to reduce labors share of economic output. 

https://fred.stlouisfed.org/series/W270RE1A156NBEA

I guess the question to ask, if you don't take issue with the status quo, how low (labor share of output) do we need to go before you do?

---

specialpeopleclub said:

Trickle down economics is a leftist created term. It was created by democrats.

---

ballsalsa said:

No, revolutionary was when we, as a nation, enacted trickle-down economic policies that decoupled wages from productivity.  That has had serious consequences and they weren't unintended.  It is the very definition of class warfare and the upper class has been winning like crazy for 40 years.  You think that allowing labor an increase in pay equivalent to their increased production is revolutionary?  Just wait.  Another decade of Reaganism and you might see some real shit.

---