It's not a scam, it just means they're too big. If they're too big to fail they should be broken up.

It means they get bailed out on the taxpayer's dime when they fail

tehn tehy didnt fail did they XD if they got bailed out

Well if they didn't fail where did the money go?

they failed, and in order to not cause so much chaos, the government uses tax money to cover the losses so the company can try again

yeah bullshit liek if it was a gouvt intisution

You can always fail

You cannot be too big to fail

Most of the banks that were "too big to fail", and investment companies? Yeah, they had to get bailed out.

Mostly because they had all of the retirement funds for the government employees

So of course they too OTHER people's money to save their money

As much as i dont like bail outs

They do have to pay back the money

YEAH woudlt want them defaulting on all the loans they gave out

I mean the bailout, the bailout was a low-interest loan.

the gouvt woudl essentially turn into a communist regeime with all teh buisnesses theyd own from collecting that defaulted debt

the problem is that it encourages risky behavior

What Lastson said

yeah for real,, risky buisness

Yes, like i said, i still really dont like it.

If theyk now they're just gonna be bailed out if they fuck up, they can just take any risk, no loss

you can't subsidise reckless behavioru and hope people get more responsible

Just want to disspell the conception that it was money just tossed at them.

tbh, the bailout should be both refunded AND come with interest given back to the people

for the banks screwups

wasn't there slight interest on it?

not good enough, I want free money! 😛

It does have interest, (Quite low though, 1-2% a year, only equalizes inflation)

I don't think it was enough interest to even mitigate inflation

Did it equalize it?

It was a little under inflation in practice i think

ok

I thought it was still in the negative, just slightly

but I'd need to go through all that shit

Regardless

irregardless

It was close

irreunregardless

The problem is more what you said, if they know that when the going gets rough they'll be bailed out

Then it encourages risky behaviour

It also gives them a unfair advantage against smaller banks that wouldnt be bailed out

but wasn't it also a thing that the banks were forced to loan to people buying houses or something by the state?

i recall something like that having been done

We should exile those who burn the national flag to Liberia

Nah, Amendments before offense

Flag burning has come up as a 1st amendment issue several times.

As detestable as it is, the argument does tend to ultimately hold that when done as a protest it's a free speech issue.

I think people who argue for abolishing free speech should be sent to Liberia

Or anywhere without Free Speech, really

Cuba, Venezuela

https://thoughtcatalog.com/joshua-goldberg/2014/12/college-students-asking-for-censorship-is-a-thing/

Bear in mind this was 2014.

ive heard of this really great protest in the vietnam war

done by veterans agaisnt vietnam

where they were gonna put all of their medals in a bodybag and bring it to the door of the white house

tricky dicky errected a fence around teh whitehouse to stop tehm

then they decided they would jsut throw their medals over the door of teh fence

LOL nixon accidentally gave them arguably one of the best photo opportunities of the vietnam war protests

"disrespectful loyalty"

The fence never came down.

Question for yall

UBI, what do you think about it?

I'm in favor of it, I think it's going to be necessary to sustain capitalism at some point.

Highly against it, it will destroy society

only time UBI works, is when its no longer needed

No more than half of the job vanishing.

yes, but UBI will take with it the other half

No

Why bother working if you get sustainence for free?

what makes you think it wont Dennafen?

Because it's better to work than live off other people a leech.

And you think everyone thinks that way?

thats what UBI will be doing

You have a principle, that is good.

But it is incorrect t oassume you are the average

You can't just generate money
It needs resources tied to it

I agree, it would obviously be a tax.

which means that the rich

Yes the rich would be the ones taxed, but at some point soon we will have a vast number of people who though no fault of their own won't be able to have jobs at all.

yes, but that doesn't suddenly justify UBI, because UBI will be coming from those who achieve more than UBI as income

How does that not justify UBI.

What other means would they have to make money.

That is also based on the assumption that there is enough produced to go around.

they wouldn't, thats why i'm against the concept of implementing it until we can sustain it

That is money that will be spent on utilities, food and shelter.

UBI works, when you can replace everyones job, but at that point, it is redundant

And the prices of all three will rise to match the UBI

IF you don't do it well before then, you get a bunch of angry uneployed men with guns.

UBI is not taxable, because its tax money,
Meaning the huge population that needs it, can't pay into the system

Right.

Which then leads to it having to be taken from anyone who earns more than the UBI,

Meaning that people who would "barely" make it over, would just stop working,

Why work 40 hours per week for that extra 200 dollars

To be honest, my issue will be with the society change

Why work if you are already provided for?

no, that's not what UBI is.

unless you wanna strip UBI to only cover the absolute bare essentials

No everyone would be eligible for UBI.

which means that all non-workers essentially become venezuelans, minus the food-issue

Its "Universal" Basic income,

that means everyone

Okay, when the unemployment rates hit 15% or 20% what would you do?

you'd make it worse if you don't make it universal, because then you'll get exactly what i said

People who are barely over it, will stop working, and those jobs suddenly become critical need

What should you do then?

when it hits 20%?

Start a war