Message from @Brickiest Brick

Discord ID: 417955585296695298


2018-02-27 08:03:10 UTC  

i wans to know how the economy will start to fail in the long term

2018-02-27 08:03:11 UTC  

alright im fucking out

2018-02-27 08:03:17 UTC  

what is the process behind that happening

2018-02-27 08:03:25 UTC  

I thought you said you read marx...

2018-02-27 08:03:25 UTC  

if the corporate tax rate causes businesses to come back

2018-02-27 08:03:27 UTC  

create jobs

2018-02-27 08:03:45 UTC  

what processes in effect will cause the economy to decline and unemployment to rise?

2018-02-27 08:04:00 UTC  

Its not that simple, also i just gave you an example of why it wont work

2018-02-27 08:04:20 UTC  

More than a trillion dollars expected to be added to the national debt

2018-02-27 08:04:46 UTC  

US already has a massive debt to gdp ratio

2018-02-27 08:04:54 UTC  

national debt makes more sense

2018-02-27 08:04:57 UTC  

you said deficit before

2018-02-27 08:05:04 UTC  

Yeah sorry

2018-02-27 08:05:05 UTC  

Edited

2018-02-27 08:05:10 UTC  

ya

2018-02-27 08:05:27 UTC  

Also, if the world didnt have USD as a reserve currency, US would be fucked

2018-02-27 08:05:29 UTC  

Calvin Coolidge presided over an economic boom by doing nothing, but as he passed the reins over to Herbert Hoover the economy basically imploded

2018-02-27 08:05:43 UTC  

well look i can get behind that but with all things considered we have to cut the government by a lot

2018-02-27 08:05:46 UTC  

@Nike @Brickiest Brick And don't forget that this is happening while, as you (brick) said, "businesses are coming back" from what is supposed to be a prospering time

2018-02-27 08:06:01 UTC  

the reason the government can't support itself is because it's too big

2018-02-27 08:06:16 UTC  

the government needs to find a balance between how much in taxes it takes in and how big it is

2018-02-27 08:06:16 UTC  

Ok...

2018-02-27 08:06:28 UTC  

I dont think it will work

2018-02-27 08:06:37 UTC  

You wont find a balance

2018-02-27 08:06:44 UTC  

What about capital accumulation?

2018-02-27 08:06:55 UTC  

You can find a temporary one

2018-02-27 08:07:12 UTC  

But the contradictions of capitalism will keep accumulating

2018-02-27 08:07:25 UTC  

i mean, at this point this is more of a criticism of democracy

2018-02-27 08:07:38 UTC  

because different presidents and different governments are elected

2018-02-27 08:07:46 UTC  

they change how the government works and operates

2018-02-27 08:07:48 UTC  

what about economic democracy

2018-02-27 08:07:50 UTC  

how much it spends

2018-02-27 08:07:59 UTC  

You seem to be under the impression that communism has to happen under a big government

2018-02-27 08:08:01 UTC  

We need economic and workplace democract

2018-02-27 08:08:07 UTC  

so really capitalism is not at fault, more so it is democracy and our democratic system

2018-02-27 08:08:14 UTC  

Thats too simplistic

2018-02-27 08:08:20 UTC  

no its not enough democracy in many ways

2018-02-27 08:08:27 UTC  

this

2018-02-27 08:08:30 UTC  

^

2018-02-27 08:08:30 UTC  

i'm not saying abolish democracy

2018-02-27 08:08:34 UTC  

not at all