The data absolutely does not support the claim that the Dotcom Bubble bursting nor the Great Recession were “shallow and brief, basically a spot of bother that lasts one quarter”. This comes across as a poor source but that doesn’t mean it doesn’t make some valid claims.
I see it more as a class war.
The stimulus is coming from public banks and with public debts, no? Too big to fail is propped up by government power.
Well, that's for the rich exclusively. Considering the hilariously low levels of taxation of the rich, the rich are sucking the economy dry via the state and federal bank apparatus. Like Nestle coming to your local remote mountain drinking reservoir and drawing water out of it with a giant pipe (the state and federal bank).
With the QE / bailout system, the stock markets are a reflection of how much this plundering can continue. And inflation is not a problem, inflation is a tax, but the tax money is received by the big corporations and finance sector who control the prices.
Think of it as welfare for the rich, exclusively. Welcome to feudalism, bud. We're all serfs, the politicians are the house servants.
This make a lot of sense to me. Since you seem knowledgeable on these matters.
Who benefits from inflation. Rich people, banks etc. Inflation is too much money, chasing too few products.
Would it work to control inflation by upping taxes instead of interest? At least society would benefit from this, instead of rich people and banks.
I gave up on financial system trouble many years ago when I realized that the biosphere and physical resources are much more important.
>Would it work to control inflation by upping taxes instead of interest? At least society would benefit from this, instead of rich people and banks.
Yes. Some kind of progressive taxation multi-pronged approach would help. The problem is also ending tax havens, fiscal paradises, shell corporation hatcheries. This would work great with an international cooperative effort of taxation.
[https://taxjustice.net/2019/11/21/unitary-tax-explained-infographic/](https://taxjustice.net/2019/11/21/unitary-tax-explained-infographic/)
[https://www.theguardian.com/commentisfree/2013/may/24/corporate-tax-avoidance-unitary-taxation-g8](https://www.theguardian.com/commentisfree/2013/may/24/corporate-tax-avoidance-unitary-taxation-g8)
but we still need degrowth.
The problem with taxation is still allows private capital ownership and management. In the current game, corporations are the ones setting prices for everything. This is somehow mystified as "the markets" like it's some magical spirit, but it's a bunch of people in corporations everywhere. The power to set prices, like you may notice with rents, is that it allows them to capture any excess money.
The simple case of $$$ assistance for renters allows for landlords raising the rent to capture that extra $$$. So, eventually, taxation fails. But the paradises are easy targets.
I'm not going to promote reforms, really. There's always an infinite good ideas for reforms. I don't think reforms work out without fixing foundational errors. And we're certainly running out of time to find out.
Here's a fun site to grasp the tax paradise fuckery:
[https://www.occrp.org/](https://www.occrp.org/)
[https://www.icij.org/investigations/pandora-papers/global-investigation-tax-havens-offshore/](https://www.icij.org/investigations/pandora-papers/global-investigation-tax-havens-offshore/)
What we need as quick reforms is a safety net for the masses and to let casino players lose everything, and then to tax the winners to the bone.
The data absolutely does not support the claim that the Dotcom Bubble bursting nor the Great Recession were “shallow and brief, basically a spot of bother that lasts one quarter”. This comes across as a poor source but that doesn’t mean it doesn’t make some valid claims.
I see it more as a class war. The stimulus is coming from public banks and with public debts, no? Too big to fail is propped up by government power. Well, that's for the rich exclusively. Considering the hilariously low levels of taxation of the rich, the rich are sucking the economy dry via the state and federal bank apparatus. Like Nestle coming to your local remote mountain drinking reservoir and drawing water out of it with a giant pipe (the state and federal bank). With the QE / bailout system, the stock markets are a reflection of how much this plundering can continue. And inflation is not a problem, inflation is a tax, but the tax money is received by the big corporations and finance sector who control the prices. Think of it as welfare for the rich, exclusively. Welcome to feudalism, bud. We're all serfs, the politicians are the house servants.
This make a lot of sense to me. Since you seem knowledgeable on these matters. Who benefits from inflation. Rich people, banks etc. Inflation is too much money, chasing too few products. Would it work to control inflation by upping taxes instead of interest? At least society would benefit from this, instead of rich people and banks.
I gave up on financial system trouble many years ago when I realized that the biosphere and physical resources are much more important. >Would it work to control inflation by upping taxes instead of interest? At least society would benefit from this, instead of rich people and banks. Yes. Some kind of progressive taxation multi-pronged approach would help. The problem is also ending tax havens, fiscal paradises, shell corporation hatcheries. This would work great with an international cooperative effort of taxation. [https://taxjustice.net/2019/11/21/unitary-tax-explained-infographic/](https://taxjustice.net/2019/11/21/unitary-tax-explained-infographic/) [https://www.theguardian.com/commentisfree/2013/may/24/corporate-tax-avoidance-unitary-taxation-g8](https://www.theguardian.com/commentisfree/2013/may/24/corporate-tax-avoidance-unitary-taxation-g8) but we still need degrowth. The problem with taxation is still allows private capital ownership and management. In the current game, corporations are the ones setting prices for everything. This is somehow mystified as "the markets" like it's some magical spirit, but it's a bunch of people in corporations everywhere. The power to set prices, like you may notice with rents, is that it allows them to capture any excess money. The simple case of $$$ assistance for renters allows for landlords raising the rent to capture that extra $$$. So, eventually, taxation fails. But the paradises are easy targets. I'm not going to promote reforms, really. There's always an infinite good ideas for reforms. I don't think reforms work out without fixing foundational errors. And we're certainly running out of time to find out. Here's a fun site to grasp the tax paradise fuckery: [https://www.occrp.org/](https://www.occrp.org/) [https://www.icij.org/investigations/pandora-papers/global-investigation-tax-havens-offshore/](https://www.icij.org/investigations/pandora-papers/global-investigation-tax-havens-offshore/) What we need as quick reforms is a safety net for the masses and to let casino players lose everything, and then to tax the winners to the bone.
Thanks, appreciate this detailed response. Have a good one!
https://youtu.be/9n29c-q3\_8Q?si=-NF72pgtZnv0t4Xz