I think US is worse. There're trillions of unfunded liabilities that the US govt do not put on the balance sheet.Originally Posted by crease
I think US is worse. There're trillions of unfunded liabilities that the US govt do not put on the balance sheet.
http://www.upworthy.com/9-out-of-10-...ing-fact-2?g=2
Might be interesting to some
You can thank bailouts and money-printing for that!
We Americans got lazy and fat on free stuff.
Before you can see the truth, you must be willing to accept it.
Quite an exaggeration. They weren't "completely wrong" they just didn't know the extremes of the economy.
Also, why is this targeted at Americans? I'm sure 9/10 Chinese people can't tell you precisely how the wealth of China is distributed. Same for Europeans or Asians or anyone. Most people aren't aware of how economies work, they just go to work and get teh munies
Fundamentally I think you can thank a political system which has basically legalized bribes for it. The bailouts and money printing is just a result of the aforementioned.
Though the bailouts were neccessary because it would hurt the small people more than the wealthy ones.
As long as "interest groups", lobbyists and corporations are allowed to buy politicians you'll never see this system change, and the system will never change on it's own because why would the politicians shoot themselves in the foot? They benefit immensely from all of this so it's obvious you can expect them to do jack **** to change this.
Because it was an American program? I don't think Americans are particularly interested in how Europeans perceive the euro region's economy.
Last edited by Elldallan; 06-12-2013 at 18:44.
Build a man a fire and he'll be warm for a day, Set a man on fire and he'll be warm for the rest of his life.
I meant the actual upworthy post. Made it seem like we're all a bunch of dumbasses because most people can't pinpoint the distribution of wealth.
Don't get me wrong, we are dumbasses...but it has very little to do with our knowledge of the economy lol
No one in this day and age needs over $100mill dollars. Anything earned after that should get put back into the company in a separate pot and redistributed at the end of the tax year amongst it's staff equally. With this being said. Companies should NOT be allowed to make over $10billion dollars AFTER tax. Anything as a surplus should IMO get redistributed to it's staff members. The government will "lose" out but the employees would therefore need less benefits from the government and will have more money to sped going back into these companies profits and also tax's paid to the government (they'll get it eventually)
Take Walmart for instance. 2013 it is said to have made $16.9 billion profit. It employs 2,100,000 staff. Therefor by my system, $15.9 billion gets redistributed amongst the workforce giving them each :
15,900,000,000/2,100,000 = $7571 per employee (If companies could retain $1billion dollars.
6,000,000,000/2,100,000= $2857 per employee (If companies could retain $10billion dollars.
Uhm American Badass why the $10B as such an absolute number?
And no it'd be better if it went to the state instead of spread on the employees because what you're suggesting is fundamentally discriminating because some types of business are inherently high on manpower while others can run with practically no manpower.
But why use $10B as an absolute figure, a progressively increasing percentage would be better.
But considering how global the world is today this would be practically impossible anyway because they'd just move the money around until they got it into some tax paradise with Swiss style banking privacy.
But as I said in my previous post, as long as big business is allowed to legally bribe politicians this will never happen so the political system needs to be drastically overhauled before anything else can happen, and it ain't gonna do that by itself.
Build a man a fire and he'll be warm for a day, Set a man on fire and he'll be warm for the rest of his life.
I agree that buying politicians is a problem. Always has been throughout the ages. What do you mean the bailouts were necessary because it would hurt people? There should not be bailouts at all. It has never worked.
How Communist of you and I'm not trying to insult you. In a way it makes a certain amount of sense. Here's the thing though you want to grow your society not cut it off at the knees. Yes, I'm a supporter of the Free Market and individual Freedom with everyone held accountable to a Moral Standard. Once you start limiting anyone or a organization you will stunt its growth. Who cares how much money they make? I don't and once they do make money hand over fist one should ask that company what have you done to give back to the society?
Politician I have one phrase ' TERM LIMITS ', You can't stop people being Human! We can limit their time in the unholy place called Washington DC, amen brother and sisters!! LOL, WINK.
Before you can see the truth, you must be willing to accept it.
So dumb, let me break it down for you guys who are bashing the US.
If you were born into a ----
1.Rich family in the US, you will have things taken care for u and u basically will do well unless you are addicted to CRACK. Your life is great. DONE.
2. Middle class family, you will need to work a bit to be successful. Maybe catholic or private school, driving a camry/honda, local college then u get a job. Or maybe your parents have a business and u can take over. Life not too bad, little effort for success. Again, don't get hooked into CRACK and your life, with a little effort, is good. DONE.
3. Poor family, things will be slightly harder. When u come into this world, chances are your broke ass mom is on welfare and u have insurance which will cover your hospital bills, similac, cheese, bread and things that will be plentiful to sustain a baby also, even CASH for your broke ass mom to spend. All she needs to do is not buy CRACK, then you will be a healthy baby eating government issued milk, cheese, bread, etc etc. Now, when your broke ass is old enough to go to school, guess what, it's FREE too. Even the breakfast and lunch is FREE. Your broke ass mom just have to prove that shes broke and its FREE. Some schools, its free anyway, so no work needed. Now, all u have to do is study, do good in school and believe it or not, a broke ass kid like yourself CAN get into college for FREE!!! DONE!
*** WARNING *** You will fail in the US if you do the following(s) !!
a. CRACK
b. LAZY
c. CRACK
d. LAZY
e. CRACK
f. LAZY
As for the International level. The US can do whatever the f*ck they want. Why? Cause they have the biggest gunz on the street and theyre the only one that actually shot someone, aka Bombing Japan. If some ****ty country wanna start trouble, US gonna punch him in the gut and make him sit the f*ck down. Why? So the bigger kids, aka, china, russia will think twice about starting trouble. Sure, US is in everyone's business and it seem like theyre a bully, blah blah, but guess what, when a typhoon or some catastrophic event occur, guess who's first to aid, who's first to send in troops, etc etc, oh yeah the US. We police the world and we are needed. If the big boys with the big gunz don't play sheriff, the world will be chaotic. It's better to have a bully who runs the classroom, rather than 4 kids fighting to see to gets to be that bully. When it all comes down to it, every country wanna be the US and all hating. There;s always a bully, US is in charge, ofc other countries don't like it. But if those smaller countries have a chance, no doubt they would wanna be the bully themselves. The US is no angel, theres scheming and corruption as well, just like any type of government. But when it comes to aiding the world or helping people, no one's heart nor wallet is bigger than the US. "Americans are pigs, arrogant blah blah" You would be too if u belong in a nation thats the strongest in the WORLD. The US controls the WORLD. "The economy in the US is bad, blah blah" Trust me, if my country fails or falter for some reason, your country would have/will be crumbling 100 times worst. If France or Britain fails, the world will be affected dearly. If the US economy fails, the WORLD fails.
US = World = Boss = Sheriff = Big Daddy= MVP
Sure that sounds obnoxious, but i bet u if my country's defense, economy were to fail tomorrow, your country would of collapsed last month.
Last edited by paul1229; 08-12-2013 at 08:58.
One word reply to the original question: Obama
If a major bank goes bankrupt and is allowed to fail that means that a significant amount of the people with savings there will loose their money and because laws typically mandate that debts are paid out in order of the size of the debt, starting with the biggest means that it's the "little people" that gets screwed over, every single time. At least this is true for states that doesn't have some system where the state guarantees safety for $X.
Besides, if a large bank is allowed to fail it will typically cause a lot of troubles for the other banks because they all have their "securities" invested with each others and if they can't get at those that might mean they risk failing as well.
How typically american of you, Socialism is not Communism. While I think his suggestion is a bit unbalanced and extreme it has absolutely nothing to do with communism(where the state owns everything). The problem is that in reality Free Market is just as flawed and unworkable as communism because it fundamentally favors monopolies or at least a market with very few(but large) actors, this gets increasingly obvious the higher the entrance cost for a market is. So you need a certain amount of regulation to prevent that from happening which means that it's not a free market anymore.
Term limits won't do **** as long as you have what is essentially a two party system, you need a system where whole parties can easily be switched out if they attract the ire of the voters.
Blatantly false! Maybe you give the most in absolute numbers but that means nothing because it's just a result of being the biggest market. What matters is giving the biggest share of what you have and you certainly don't excel there. Nor do you rate very high in the reception of refugees relative to your size.
And actually 4 bullies is better than 1 when it comes to global politics because MAD will unsure that they'd do anything to not fight each other, they'll jockey for position but they won't fight, just like the US and the Soviet Union never outright fought each others.
And no the world wouldn't fail if the US economy failed, we'd sure notice it but it most certainly wouldn't be the end of the world.
So then Obama must have been the president for the last 50 years? And here I thought you had a term limit of maximum 2 terms and with a term generally being 4 years...
Last edited by Elldallan; 08-12-2013 at 13:26.
Build a man a fire and he'll be warm for a day, Set a man on fire and he'll be warm for the rest of his life.
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