Message from @Sh0t
Discord ID: 664309949244899356
@Yusa Europe doesn't struggle, at all.
it's how we operate already, we just spend the money on different things than a country that invests more on people
Oh, Europe is doing this?
only limit to gov spending is inflation and the exchange rate
the inflation part we control with taxation and how we invest it, productivity, not asset bubbles
exchange rate we dont care about because we have the world reserve currency
@Yusa Yes. France, England, Germany, Sweden, Denmark, and more, all of them do social democracy in some capacity, and you can find elements all across the globe.
spending comes first, then taxation. we are a monetary sovereign in a fiat system
we also run a trade deficit because we have the world reserve currency, 'twin deficits', it's a feature of the system. but even non reserve currency states SHOULD act similar
sweden is broken because they tryt o run surpluses, so they have massive private debt
Have you heard of the core of economics? The whole thing that drives it all is everyone’s unlimited wants and limited resources.
If you give everyone an equal portion, they won’t try to improve.
equal portio of INVESTMENT, not market results
investment in humans = healthcare, education
market competition is in a separate sphere, with the goal of wealth production
unlimited growth in a finite system is impossible, so rationing is guranteed
only freebie is the sun for incoming energy and how much waste heat we can radiate away
With that statement, you are assuming that the government knows the best way to educate everyone, even though that has been proven false with the system we have now.
it doent have to 'do the educating' just finance it
@Yusa the poor worker harder for far less benefit than the rich and catastrophic, consistent results. This is indisputable. Self improvement only goes so far against the economic net you're born in.
two separate things, BUT there will be policy ebcause educators and real experts debate it all the time
it could be county by county, with the fedgov takig muni debt on its balance sheet
But they finance it through a pre-approved program
main issue is the monetary sovereign pays for it
that statement is meaningless
Notice the schools they are financing now.
household debt is high because many have big student loans
Public schools and high schools
gov can take those and put on their balance sheets and muni/state debt for education
those work via property taxes, whic is probably a bad idea
monetary soveriegn should pay for education, but the local areas can have control
@Yusa The mere prescence of public education skyrocketing literacy rates alone is indispensable. Charter schools are a con that you saw in Michigan (the purveyor of which is our current Edu Secratary, Devos)
(or not) the policy moves are a different debate
they use the tight purse strings to control the public. it's based on a fallacious econoic argument that many good people believe
good news, it is wrong so there is no danger in gettig rid of those bad beliefs
if you want to crippl eyour future, saddle young adults with massive debt and no healthcare
that might be the POINT of our bad policies, to keep the elites in power
would not surprise me
I personally can testify to the failing of the public education system that the government has financed. You are forced to comply with state regulations
how well public school does varies wildly based on the administration per district
we are arguing for financing higher education, and removing the state/muni burden for education