07-06-2016, 07:56 PM
(This post was last modified: 07-06-2016, 07:57 PM by Eric the Green.)
(07-06-2016, 07:45 PM)Drakus79 Wrote: Socialism is failing because it's running out of money. You can only tax the private sector for so long until they free market runs out of money to tax. Fortunately the FED can still do QE5 and QE6 till the cow comes home ... or until GDP fails ... or until the dollar collapses from inflation ... but inflation hasn't happened yet. Why? Because the oligarchs are refusing to raise wages and actually disperse the counterfeit to the poor. So I guess the system will just have to collapse when the a populist revolution takes place. Hey that explains the popularity of Trump!
Trump's "populism" is restricted to his hypocritical slogans about stopping free trade agreements.
It's true, the oligarchs refuse to raise wages. It was Sanders of course who pushed for that, not Trump. The trend now is for local and state governments to raise the minimum wage. That won't cause much inflation yet, unless liberal millies take the federal government back from the gerrymandered-in Tea Party and make a large federal minimum wage hike. Even then, wage inflation was worse back in the 60s and 70s when labor could force wage hikes for middle-class workers with strikes. Labor is too weak to do that now.
"Socialism is running out of money." What socialism? What money? QE is over, until another recession in which government is otherwise hamstrung. If our socialism consists of government contracting, it can't amount to much. Why? Because the government isn't doing very much. The "people you know" may get government contracting jobs, but most people don't get that. I think libertarians might be too affected by personal experiences rather than actual facts.