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applegrove

(118,622 posts)
2. They understand quite well how economics work. The best way to combat
Sat Apr 2, 2016, 10:58 PM
Apr 2016

inflation is by slowing down an overheated economy with higher interest rates. Then everyone pays for the recession and no bubble occurs. They refused to do that during George W. Bush years because they wanted an endless economic expansion. Then BOOM!

They want growth for their stocks but they only want the recession in the middle class and poor. So they refused to allow much in the way of keynsian spending under Obama, to keep their profits increasing while wage and home value recessions hit everybody else.

They desperately want to undo income taxes and corporate taxes and unions before the whole world's middle class get wise. Trade works but only if the profits are shared widely within nations through income taxes and good government. That is not a world the 1% want to live in. They want the foundation of the world economy to be as little taxes as possible and are playing low tax and low union areas off against higher tax and union areas of the world.

They know wages are going to fall for professionals as computers take over banking and sciences and teaching. The only people the rich want participating in the profits are other rich people who vote right. Not what a poorer middle class might want in the way of profit sharing.

They want only themselves to have any power. They know exactly what they are doing. Unlimited riches for the 1% and a weakened middle class.

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