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Forums - Politics Discussion - How to Save the American Economy

Michael-5 on 03 October 2012
the2real4mafol said:
Michael-5 said:

 

It's not just capitilism. The privledged few in any system always bend the laws to suit them, and only recently, with capitalism, has there been power given to the masses. Communism is the same with government leaders taking more then their share, and it's the same in a true monarchy (Not like UK today) where only royal blood get to make any laws. USA was founded by rich land-owners, people who came here first and claimed right to the most land. George Washington was actually the richest person in the Americas when he helped found the USA, and when you read the original consitution, before the Bill of Rights was passed, it's catered to the rich (excluded women, indians, blacks, slaves and propertyless white males, it also made it so that only the 10% richest could afford to run for senate and president). So no wonder CEO's have only gotten richer and richer, taxes favor the rich heavily (e.g. Protection of Intellectual Property, and Patent protection laws. If you come up with a good idea first, you are entitled to all the profit from that patent until the time of your death, even basic things like inventing a touch screen).

Corporations will never change, and as long as the average senator makes over $200,000 a year (probably more in the USA), laws will always favor the rich. This is why minimum standards on income and healthcare, liberalistic tax laws (higher taxes with higher income), and corporate taxes are nesessary.

Yeah that is unfortunately true. The elite are the enemy, but if you take them you eventually become like them, if you get that status. Just look at before and after of any revolution in history. But you are wrong about the British Monarchy, she gets no political power at all, she can't make any laws, parliament is responsible for all of that. I think, all the queen does is welcome the new government after an election and is just recognised as head of state, that's all. She can't call in a new election or even vote. Royals have very little power, just wealth.

My n didn't register sorry. Really shitty computer.



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MDMAlliance on 03 October 2012

One of the only ways to fix the economy is to sacrifice something large. One of the ways you can fix the economy is by letting the government indirectly kill off portions of our population by imposing certain things (while not imposing others) that would end up forcing citizens to try really hard to survive, and those who can't do it will not make it (no welfare). A flat tax rate can do the job, as you would end up making no loopholes for anyone and you'll end up collecting more money, while spending less. It's a cruel method, but it would be one of the only. A result of doing this may create a revolution, though. Perhaps a socialist or communist one like Russia had experienced. Honestly, there aren't very many answers to these questions. Tariffs can work, but they can work against you, just like how Free Trade (and certain trading laws enforced by the WTO) can have negative effects. It may benefit one country much more than another.
However, our economy is wholly based on our belief that the currency has value. Since this currency thing is outpacing our actual production, it creates debt. We're producing less than what we consume. Those who are saying that we need to get rid of the machines that do the labor, you're effectively lowering our production while increasing our consumption. The concept looks good on paper, but you realize that you're actually making it worse. Creating jobs isn't always the right answer.