Prosper
Prosper's JournalWhy buy back ? Vote getter ?
Candidate loser?
Multi candidates now supporting buy back.
Using anecdotal data look at an assault weapon buyback.
15 million guns would cost 15 billion dollars to buyback.
15 million assault weapons would cost 1.5 billion dollars to buy, ship, store, destroy and dispose .
Assault weapons account for less than 4% of gun deaths.
Does this add up to positive results from a buyback?
Farmer-Rick said:
“It's not robots taking away our jobs it's really bad Economic policy and CEOs. It's the capitalist kings who moved our jobs to foreign shores who are stealing our jobs and our national wealth.”
The motivation of opportunistic financiers is: “Cheaper Faster Easier”. The opportunistic financiers that took hope and fulfillment away from US workers consider everything and everybody to be expendable. The opposite of these event oriented opportunistic financiers are institutional oriented financiers that build companies that make products to sell. These factories get their value from the income and profit they make.
Institutions are social creations that give good livings and hope and satisfaction to citizens. Repeals are needed to terminate all the laws that created and legalized side betting on stocks and trade. Antitrust laws have to be put back into effect preventing hoarding of money into stagnated securitising positions. Wealth belongs to individuals but money that is the lifeblood of an economy belongs to the people and belongs in the economy that gives life to the people.
Income inequality
produced by the motivation of cheaper, faster and easier. Considering labor expendable totally without any consideration. 50 years of laws passed to facilitate the upward transfer of wealth are filling sidewalks, corners and abandoned areas with the homeless. DC has been moving homeless people into $2200 a month apartments with vouchers taking care of the rent.*
*https://www.google.com/amp/s/www.washingtonpost.com/local/dc-politics/dc-housed-the-homeless-in-upscale-apartments-it-hasnt-gone-as-planned/2019/04/16/60c8ab9c-5648-11e9-8ef3-fbd41a2ce4d5_story.html%3foutputType=amp
Fallacy forwarded by some that robots create more jobs.
Assuming price of product to sell was determined in part by cost to produce. Then labor would be part of that cost. Robots would significantly reduce cost of production. No company yet has reduced the selling price to reflect savings produced by cheaper robotic labor. A windfall profit through fraud. Profit margin is significantly increased . That profit is the money taken away from labor, taken out of hands that would spend it. Recession due to money taken out of the economy. Robot labor should be reflected as tax equal to profit made by the robot. Money needs to be spent to maintain an economy.
Sanders taxing derivatives is the first step in penalizing zero
velocity money back into the economy. Taxing speculative gambling will steer money back into the working economy. That results with spenders getting money to spend creating prosperity and generating tax income .
Let me use one thing to describe the destructive result
of centrist capitulation. Commodities Futures Modernization Act. It allowed the deviation of money from goods and services jobs to speculative paper trading. The money for products jobs then went into zero velocity securities securitizing disassociated betting on non related outcomes. That was the introduction of the electronic robot taking jobs.
"As long as we can expand consumer demand to buy"
Consumer demand is money. The financier motivation is cheaper, faster and easier. That translates into billionaires accumulating more money, money that won’t get into the hands of people that will spend it. Critical cash has already been approached as half the people can’t come up with $400 in an emergency.
Centrist politicians are denying the reality of lower
standard of living and abject poverty resulting from expanding numbers of robots removing human labor. There will be a need for sweeping social programs to provide a living for displaced workers.
Already spending 3.5 Trillion dollars on unfair lacking
healthcare. Now millions get from nothing to very little from current healthcare except bankruptcies and subsidizing Gold Plans. Biden’s ACA is not fair.
Penalize non productive trading and reward
goods and services investing and the national debt will disappear with the resulting rises in GDP and income tax revenue . Poverty is a choice forced on the working class by big money refusing to work.
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