Escaping from the Inescapable Casino of “Free” Market Capitalism

jgoodguy

Webmaster
Staff member
Administrator
Joined
May 12, 2019
Messages
7,131
Reaction score
4,159
@Jim Klag , @rittmeister , @O' Be Joyful , @jgoodguy , @Wehrkraftzersetzer , @Mike12

Here an article more of an interview with this lady about the FED reserve board adding greatly to the inequality in our nation. Yes, the Fed. Low interest rates raise asset values like stocks, everytime the Stock market starts to tank the Fed steps in so there no true risk in our stock market.... the top 1precent own half of all the stocks... Rising assets...


My theory (untested and unattributed) is that the Stock Market and other financial assets plus Bitcoin is a way of destroying liquidity by suckering low tax, rich folks into risky investments that go poof 'destroying' cash and keeping inflation down.
 

rittmeister

trekkie in residence
Staff member
Administrator
Joined
May 12, 2019
Messages
5,210
Reaction score
3,458
My theory (untested and unattributed) is that the Stock Market and other financial assets plus Bitcoin is a way of destroying liquidity by suckering low tax, rich folks into risky investments that go poof 'destroying' cash and keeping inflation down.
scrap that theory

without the stock market we get a problem collecting enough money for big ideas. is it fair? certainly not and that starts with companies being forced to go for the biggest return of investment (that nonsense screws workers since forever). i'm not even talking about casino capitalism just real stocks.

virtual currencies on the other hand ...
 

5fish

Well-Known Member
Joined
Jul 28, 2019
Messages
10,700
Reaction score
4,554
Up Down, Upside down, Twisted around...

It does matter...top-rail is almost always on top.
I just wish the Government would lower the top rail down a little instead of keep raising it. I can win the lottery and join them... Time to go buy tickets... if I buy more than one ticket my changes increase by .00000000000000001 percent chance...
 

Mike12

Member
Joined
Feb 2, 2021
Messages
524
Reaction score
9
Accounting gives you 10 times "Assets = Liabilities + Stockholders Equity " I just have to keep asking myself what this new stock consumer has to do with the assets of the company after a while. Math and numbers, buys? Called stockholder's equity whether one owner or on the stock market I'd imagine. Some faceless creditor pawning things off on themselves, stock holders.
 

5fish

Well-Known Member
Joined
Jul 28, 2019
Messages
10,700
Reaction score
4,554
Here it seems the wealthy do not pay their fair share or any share at all at times. Two article pointing out their evil.... Its legal but is it right , or moral, or ethical , or fair...


snip...

In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes.

snip...

Many Americans live paycheck to paycheck, amassing little wealth and paying the federal government a percentage of their income that rises if they earn more. In recent years, the median American household earned about $70,000 annually and paid 14% in federal taxes. The highest income tax rate, 37%, kicked in this year, for couples, on earnings above $628,300.

snip...

The results are stark. According to Forbes, those 25 people saw their worth rise a collective $401 billion from 2014 to 2018. They paid a total of $13.6 billion in federal income taxes in those five years, the IRS data shows. That’s a staggering sum, but it amounts to a true tax rate of only 3.4%.




snip...

1. Never-before-seen tax records pull back the curtain on how America’s wealthiest manage to pay so little — if anything — in income tax.
The data provides an unprecedented look inside the financial life of not just Bezos but other American titans, including Elon Musk, Warren Buffett, Bill Gates, Rupert Murdoch, Mark Zuckerberg and many, many more
 

5fish

Well-Known Member
Joined
Jul 28, 2019
Messages
10,700
Reaction score
4,554
The links on post #209 shows, we are a Plutocracy. We write tax law so they can shirk their tax liability, owed to society... We all should be in the streets with pitch forks and torches demanding justice... It seems no one is mad and it like mass shooting no gets mad either. It seems society has accepted gun violence and wealthy not paying their fair share... sad for us...
 

5fish

Well-Known Member
Joined
Jul 28, 2019
Messages
10,700
Reaction score
4,554
Here is one issues with the wealthy. The lack of empathy as the wealthy get more power and wealth they lose empathy... Bezos, Gates, Jobs, Ford, Rockefeller, and most any fortunate man... have this issue...


“The fortunate man is seldom satisfied with the fact of being fortunate, beyond this he needs to know that he has a right to his good fortune. He wants to be convinced he deserves it and above all that he deserves it in comparison with others. Good fortune, thus wants to be legitimate fortune.” ― Max Weber
 

5fish

Well-Known Member
Joined
Jul 28, 2019
Messages
10,700
Reaction score
4,554
There was a time like ours... Pliocene period...


Snip...

found that during the warm parts of the Pliocene (a period three to five license million years ago, when the Earth was about two to four degrees Celsius warmer than today but had approximately the same concentration of CO2 in the air as we do now), the westerlies, globally, were located closer towards the poles than during the colder intervals afterwards.

Snip...

The researchers found that during the warm parts of the Pliocene (3-5 million years ago), the westerlies were located closer to the poles. The image on the right shows how the westerlies moved toward the equator during colder intervals afterward. Recent observations indicate that as the planet warms due to climate change, the westerlies are once again shifting poleward. Credit: Abell et al., 2021
 

5fish

Well-Known Member
Joined
Jul 28, 2019
Messages
10,700
Reaction score
4,554
Here the oceans are driving it all...


Snip...

As a result of this warming of the subtropical ocean, the tropical warm ocean regions are expanding. According to his calculations, this phenomenon is the catalyst for the tropics expanding to the north and south. "Previous researchers had been taking an overly complicated approach to the problem, and assumed it was due to complex changes in the atmosphere. In reality, it's due to a relatively simple mechanism involving ocean currents."

Snip...
 

5fish

Well-Known Member
Joined
Jul 28, 2019
Messages
10,700
Reaction score
4,554
Our @rittmeister , @Wehrkraftzersetzer , @Daring Drea , @alexjack ... It is going to be getting colder in Europe because the Ocean's conveyor belt is slowing. In the past that meant it got much colder for Europe but this time Climate change is the wild care...


Snip...

This conveyor plays a crucial role in western Europe’s climate as the incoming warm water releases heat into the atmosphere. Without it, for example, UK winters would be around 5C colder.

Recent research has suggested that the AMOC has weakened by around 15% since the middle of the 20th century. This could lead to considerable changes in climate and rainfall patterns throughout the northern hemisphere.

Palaeo climate studies of Earth’s distant past link weakening – or even complete shutdowns – of the AMOC to abrupt periods of cold in the northern hemisphere. This suggests that a weakening AMOC in modern times could see northern hemisphere temperatures fall.

Snip...

OCEANS
Slowdown of Atlantic conveyor belt could trigger ‘two decades’ of rapid global warming
A slowdown in the Atlantic Ocean current bringing warm water up to Europe from the tropics could trigger “a period of rapid global surface warming”, a new study suggests.

But, the new study notes, such past changes happened before humans started pumping billions of tonnes of CO2 into the atmosphere. For example, the researchers suggest the AMOC was in a “weak” phase between 1975 and 1998 – yet global surface temperatures rose rapidly during that period.

The researchers theorise that human-caused warming has essentially changed the principal role of the AMOC from shifting heat northwards to storing heat in the deep Atlantic.

When the AMOC is strong, there is more warm, salty water in the North Atlantic and the subsequent sinking transports more heat to the deep ocean. This lessens human-caused warming at the Earth’s surface, the researchers say. During periods of weak AMOC, less heat is being shifted into the deep ocean, and so more stays at the surface and temperatures rise rapidly.
 
Last edited:

5fish

Well-Known Member
Joined
Jul 28, 2019
Messages
10,700
Reaction score
4,554
The great mystery" why productivity gains stopped becoming increases income...


1638326248076.png
 
Top