Message from @Catboi
Discord ID: 645886603298078721
Yes, the FED increasing interest rates devalues the dollar and increases prices
I'm no economist but I think we could phase out the fed. However, I'm not sure how
Yeah, but your whole idea to stop inflation was to do the same sort of retarded "well intentioned" regulatory bullshit that congress and the Fed already does
We can't phase out the fed, but we can't just put arbitrary limits on shit ant hink it'll solve anything
I'm a small business owner
I have my own S Corp
If you tell me I can't make more than 150 or something like that
then the Corp will just spend money on me
ez
Businesses would be able to earn an infinite amount. It would just apply to saleries
Legalism sounds great until you try to implement it and deal with the courts and judges
who businesses will just buy off like they already do
You're missing my point
I control the business
Trying to limit salaries to stop inflation is the dumbest solution I've ever heard anyway.
Especially since for the rich
most of their money isn't from any salary
The business would be able to earn whatever and pay salaries, you as an owner would be limited to a 150k a year salary but that dosn't mean you couldn't spend more on the businesses dime.
which I could just spend on myself...
IRS can't do it's job as it is, and they're supposed to audit everyone's books to make sure no one is cheating?
I guess in your capped income future we also have free college, free helathcare, and unlimited government resources.
Any rule like that will just be exploited and bent by the rich, like it alraedy is
or the people with small businesses who would be smart enough to just spend money for themselves through their business
No, I never said anything about all that free stuff.
I'm mocking that the idea is about as useful and feasable, not that you argued for more social programs.
All we have to do is get a slightly less corrupt congress, and get a Fed that can't unilaterally change policy.
But seeing as how we keep voting for these horrendous spending bills I have little hope that will ever happen
It could be exploited, and I guess after people figure out how to exploit that system it would be useless.
I already figured out how to exploit your system and it's not even real.
The IRS barely enforces any laws as it is now.
Enron would like to disagree
heh
Makes you look pretty herpderp when you don't know the difference between the SEC or the IRS
and Enron is an example of the SEC knowing shit was going down
and not doing anything
until the company collapsed
so even in that case it's a dumb comment.
Was is stocks. I thoght enron was taxes and martha stewert was sec
It's like saying the Chicago Police arrested one man for murder so there's not a crime problem.
Scandal of crashed company's tax evasion | Business | The ...
Search domain www.theguardian.com/business/2003/feb/14/corporatefraud.enron1https://www.theguardian.com/business/2003/feb/14/corporatefraud.enron1
Feb 13, 2003Scandal of crashed company's tax evasion. The three volume report was also critical of deferred compensation plans for executives used widely to avoid tax. It noted in passing that Enron had paid $53m (£32m) in previously deferred compensation to top executives in the weeks before it went bankrupt.
I don't know how to respond without sounding like a complete asshole. But IRS, SEC, FDA, doesn't really matter the realities of these organizations always tends to be similar. Ever Broadened Scope.