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Bernardo de La Paz

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Member since: Fri Jul 16, 2004, 11:36 PM
Number of posts: 35,193

About Me

Canadian who lived for many years in Northern California and left a bit of my heart there.

Journal Archives

No. The distribution of wealth & income is the problem, not the company size.

It is concentration of ownership that is a problem, not ownership. If the shares were more widely distributed, the companies would be the same size but there would be fewer people worth $100 million and many more people worth $100 thousand.

The top-heavy disparity in wealth and income is unsustainable. Such situations tend to end in:

* Economic collapse / crash, possibly accompanied by or precipitated by violent revolution

* Peaceful redistribution by higher taxes on corporations and/or rich and ultra-rich people who have benefited greatly from infrastructure and social expenditure by governments.

Ultra rich people are not lacking in money for corporate investment. Those kinds of opportunities can be increased by societal spending. When you give the rich and ultra-rich a huge tax give-away, they park the money in things like art and real estate which inflates the prices of those things but does not increase production or productivity.

Posted by Bernardo de La Paz | Thu Sep 13, 2018, 01:41 AM (0 replies)


Posted by Bernardo de La Paz | Mon Sep 10, 2018, 08:14 AM (0 replies)

Truthful people only have to remember one story. Easy to remain on track with reality.

Liars have more than one story to juggle: reality and their lie.

Compulsive liars have several lies to try to keep straight, so they lose track of the truth.

Trump has so many he has lost track of reality.
Posted by Bernardo de La Paz | Sat Sep 8, 2018, 04:57 PM (1 replies)

Trump not going to kick Canada out. He can't kick Canada out. He would have tried if it served him.

US runs a trade surplus with Canada (goods and services) and a slight deficit (a few percent) if you only look at goods. And he lies about the specific aspects of automobiles, dairy, metals, and "national security".

Trump can't kick Canada out just by declaring so. NAFTA is a treaty that has been ratified. It takes Congressional action to complete an abrogation of the treaty.

It is not to tRump's advantage, politically, to kick Canada out.

1) He desperately needs a deal, any deal, because he hasn't made any deal with any country. The so-called "deal" with Mexico is only an agreement on a subset of issues.

2) Abrogating NAFTA would be an enormous disruption to the US economy and not to its benefit. Large numbers of tRumpLickers would lose jobs.

3) Other countries would be even more reluctant to trade with the US and would accelerate their movement to trade around the US by trading with each other.

4) If it was an advantage to the US to stop trading with Canada, he would have moved to do so already. Even if it was an advantage to him politically and a detriment to the US, he would have moved already. It is not even an advantage to him politically.

5) Massive punitive tariffs will be reciprocated and have drastic effects on the US economy. But they could be reversed quickly when tRump leaves office.

Finally, tRump has only one trick in his negotiating playbook: act like a bully and hope the other side falls for it.

Posted by Bernardo de La Paz | Sat Sep 1, 2018, 02:24 PM (2 replies)
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