akvanden Posted September 26, 2021 Share Posted September 26, 2021 What’s the correlation between the deficit and wages? Deficits facilitate spending, spending creates demand for labor. Unfortunately, the deficits here to stay, and whomever tries to fix it will have to take away current handouts and will be made to look like the evil mean guy. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted September 26, 2021 Share Posted September 26, 2021 1 minute ago, Sleepr2 said: Imagine being so myopic that the only solution to any problem is other people’s money? Capitalists steal all the time. Capitalism is just theft with rules. Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted September 26, 2021 Share Posted September 26, 2021 (edited) 1 minute ago, motonoggin said: Capitalists steal all the time. Capitalism is just theft with rules. Socialists contribute little to nothing, communism imprisons or murders people that resist. how much of another person’s business venture are you entitled too? Edited September 26, 2021 by Sleepr2 Quote Link to comment Share on other sites More sharing options...
motonoggin Posted September 26, 2021 Share Posted September 26, 2021 1 minute ago, akvanden said: What’s the correlation between the deficit and wages? Deficits facilitate spending, spending creates demand for labor. Unfortunately, the deficits here to stay, and whomever tries to fix it will have to take away current handouts and will be made to look like the evil mean guy. The economy relies on debt based demand to support increasing prices and profits because wage based demand has stagnated. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted September 26, 2021 Share Posted September 26, 2021 1 minute ago, Sleepr2 said: Socialists contribute little to nothing, communism imprisons or murders people that resist. how much of another person’s business venture are you entitled too? Quote Link to comment Share on other sites More sharing options...
akvanden Posted September 26, 2021 Share Posted September 26, 2021 5 minutes ago, motonoggin said: The economy relies on debt based demand to support increasing prices and profits because wage based demand has stagnated. I think the wage stagnation has more to do with globalization and technology than anything else. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted September 26, 2021 Share Posted September 26, 2021 2 minutes ago, akvanden said: I think the wage stagnation has more to do with globalization and technology than anything else. Im sure it does have something to do with it. Regardless of the reasons, debt instruments have been a huge source of artificial demand in the economy for a minute. That supports price and profit growth and maintains stagnated wages. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted September 26, 2021 Share Posted September 26, 2021 9 minutes ago, motonoggin said: I'll discuss wealth and inheritance with you...it not your fucking money, piss off. If I leave a legacy for my family, it's already been taxed at the income level, the gains have been taxed at the capital gains rate... fuck off. 1 Quote Link to comment Share on other sites More sharing options...
akvanden Posted September 26, 2021 Share Posted September 26, 2021 1 minute ago, motonoggin said: Im sure it does have something to do with it. Regardless of the reasons, debt instruments have been a huge source of artificial demand in the economy for a minute. That supports price and profit growth and maintains stagnated wages. Artificial demand, sure, but I’m still not understanding why it drives wage stagnation. Example? Quote Link to comment Share on other sites More sharing options...
SkisNH Posted September 26, 2021 Share Posted September 26, 2021 1 hour ago, motonoggin said: Good idea. You have to raise wages to do that. Follow me for more solutions you won't like to problems you don't like. You have to raise wages to stop wreckers spending...where do you come up with this shit? Quote Link to comment Share on other sites More sharing options...
SkisNH Posted September 26, 2021 Share Posted September 26, 2021 (edited) 1 hour ago, motonoggin said: Double tap Edited September 26, 2021 by SkisNH Quote Link to comment Share on other sites More sharing options...
SkisNH Posted September 26, 2021 Share Posted September 26, 2021 (edited) 1 hour ago, motonoggin said: Triple tap Edited September 26, 2021 by SkisNH Quote Link to comment Share on other sites More sharing options...
motonoggin Posted September 26, 2021 Share Posted September 26, 2021 1 minute ago, akvanden said: Artificial demand, sure, but I’m still not understanding why it drives wage stagnation. Example? There is no incentive for the supply side to prime their own pumps as long as debt instruments can do it for them. It also gives no incentive to governments to make policies that drive up wages in order to increase natural aggregate demand when the artificial is available. This a prime example of one of the major flaws built into the foundations of capitalism. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted September 26, 2021 Share Posted September 26, 2021 29 minutes ago, motonoggin said: Leftists have no economic or political power in this dictatorship of capital. They have the Whitehouse the congress and 51/50 control of the senate. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted September 26, 2021 Share Posted September 26, 2021 Just now, SkisNH said: They have the Whitehouse the congress and 51/50 control of the senate. Democrats aren't leftists, bub. 1 Quote Link to comment Share on other sites More sharing options...
SkisNH Posted September 26, 2021 Share Posted September 26, 2021 1 minute ago, motonoggin said: There is no incentive for the supply side to prime their own pumps as long as debt instruments can do it for them. It also gives no incentive to governments to make policies that drive up wages in order to increase natural aggregate demand when the artificial is available. This a prime example of one of the major flaws built into the foundations of capitalism. The govt doesn't set wages, the market does... Quote Link to comment Share on other sites More sharing options...
motonoggin Posted September 26, 2021 Share Posted September 26, 2021 2 minutes ago, SkisNH said: The govt doesn't set wages, the market does... The market has been artificially propped up with debt instruments, so... Quote Link to comment Share on other sites More sharing options...
motonoggin Posted September 26, 2021 Share Posted September 26, 2021 If one desires to maintain equilibrium between supply and demand and avoid a deflationary death spiral, one of two things must happen: 1) wages need to rise proportionally to the amount of debt spending reductions B) Injections of debt based demand need to continue. Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted September 26, 2021 Share Posted September 26, 2021 44 minutes ago, motonoggin said: How much did the employee contribute to the financial startup of the company? Why are you entitled to other people’s money because they die? most millionaires are self made. 1 Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted September 26, 2021 Share Posted September 26, 2021 21 minutes ago, SkisNH said: The govt doesn't set wages, the market does... According to Moto government can be trusted to control all facets of life…. 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted September 26, 2021 Author Share Posted September 26, 2021 53 minutes ago, akvanden said: whomever tries to fix it will have to take away current handouts and will be made to look like the evil mean guy. whomever shows the initiative to actually try to fix it should get nominated and elected, I'm all for it. sadly we have two major parties that have no interest in either solving these issues and couldn't work together long enough to make a piece of toast. if there's one thing they can do unilaterally it's to distract the american public, shut out any alternative voices and maintain their power base. 11 minutes ago, motonoggin said: If one desires to maintain equilibrium between supply and demand and avoid a deflationary death spiral, one of two things must happen: 1) wages need to rise proportionally to the amount of debt spending reductions B) Injections of debt based demand need to continue. someone, at sometime is going to have to pay for our debt and spending by being taxed or having their benefits reduced or taken away. so which generation will bear the financial burden for multiple generations improperly funding our credit card? will it be yours, or mine, or our children's, grandchildren's or great grandchildren's? we can only kick the can so far... Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted September 26, 2021 Author Share Posted September 26, 2021 debt to gdp - we're at WW2 levels and accelerating upwards Quote Link to comment Share on other sites More sharing options...
akvanden Posted September 26, 2021 Share Posted September 26, 2021 1 hour ago, motonoggin said: There is no incentive for the supply side to prime their own pumps as long as debt instruments can do it for them. It also gives no incentive to governments to make policies that drive up wages in order to increase natural aggregate demand when the artificial is available. This a prime example of one of the major flaws built into the foundations of capitalism. If they’re flush with demand from debt spending, they should have more to go around. Can you imagine where costs would be cut in demand dried up? Cuts in labor, reductions in cost. Lower consumer demand does not increase wages. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted September 26, 2021 Share Posted September 26, 2021 55 minutes ago, akvanden said: If they’re flush with demand from debt spending, they should have more to go around. Can you imagine where costs would be cut in demand dried up? Cuts in labor, reductions in cost. Lower consumer demand does not increase wages. They do, but they won't, because capitalism doesn't really work. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted September 26, 2021 Share Posted September 26, 2021 1 hour ago, Crnr2Crnr said: whomever shows the initiative to actually try to fix it should get nominated and elected, I'm all for it. sadly we have two major parties that have no interest in either solving these issues and couldn't work together long enough to make a piece of toast. if there's one thing they can do unilaterally it's to distract the american public, shut out any alternative voices and maintain their power base. someone, at sometime is going to have to pay for our debt and spending by being taxed or having their benefits reduced or taken away. so which generation will bear the financial burden for multiple generations improperly funding our credit card? will it be yours, or mine, or our children's, grandchildren's or great grandchildren's? we can only kick the can so far... Or we can just guillotine the rich... Quote Link to comment Share on other sites More sharing options...
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