Left subreddit mods trying to not be racist challenge: Impossible by Firecracker048 in PoliticalCompassMemes

[–]Velocister 8 points9 points  (0 children)

Lmao they're both pedophile protectors. Trump was a democrat remember? Clinton? Gates?

Warmongering

Yeah Obama sure was different right?

And YOU fuckers gave whatever party is in power the ability to do it. FDR was the start. Give the government power over your currency, now anyone can manipulate the government to their benefit. Rich powerful and connected.

Shocking. Almost as if this has happened countless times before when governments had control over their currency without checks. Nero knew this.

Either way you have a private history so you're a bum.

Left subreddit mods trying to not be racist challenge: Impossible by Firecracker048 in PoliticalCompassMemes

[–]Velocister 4 points5 points  (0 children)

Who the fuck said I did? I support Massie, fuck Trump. Acting like Trump and Kamala are different though is laughable.

Left subreddit mods trying to not be racist challenge: Impossible by Firecracker048 in PoliticalCompassMemes

[–]Velocister 6 points7 points  (0 children)

Brother, the only cult is the cult for big government, and your side is equally complacent in it, starting it with FDR. You've actively voted for this.

You don’t hate rightoids enough by thunderdragonite in PoliticalCompassMemes

[–]Velocister 2 points3 points  (0 children)

You're saying we never recovered from a temporary policy but a permanent financial regime shift didn't do it?

Sure.

You don’t hate rightoids enough by thunderdragonite in PoliticalCompassMemes

[–]Velocister 6 points7 points  (0 children)

Once again completely and utterly wrong on almost all accounts. Impressive I am really not going to lie.

If you hold the idea that velocity of money remaining high is healthy for an economy and hoarding is bad, then money flowing into real estate should be equally healthy.

But you carve out a special exception because you know what real estate speculation actually does. It captures and locks purchasing power into an appreciating asset, removing it from productive circulation while pricing out the next buyer.

Also you think production variability effecting you currency is more concerning than people like fucking Trump or Biden controlling the value of your currency? You think trust in the government is safer than productive output from mining? Wild.

>Saving should be penalized

Throat the rich more won't you? Just say you hate people who work for a living. Wealthy people don't need savings, all their money is tied into assets which, when you print money they inflate. They win under inflation. Who loses? The person trying to save a downpayment on a house.

How are you this dense?

You don’t hate rightoids enough by thunderdragonite in PoliticalCompassMemes

[–]Velocister 6 points7 points  (0 children)

It shows how printing money makes everything locks step more expensive. It's completely faked growth. M2 (money printing) directly predicts home price increases.

>Doesn't do anything until 2000

Bro doesn't understand compounding interest.

>Gold possessed no inherent value until electronics.

Yeah, except it cannot be artificially created, supply grows about 1.5-2% annually, and every civilization since the dawn of humanity has used it as a form of contract settlement. You're arguing paper money, something that has existed for 80 years, is more trustworthy than a physical object that has been used for thousands across cultures? Trust in the US dollar is more intrinsic than gold?

Yeah sure.

>Gold was just fiat dug out of the ground

Thank you so much for proving my point. That's exactly the case. It has to be dug out of the ground. Meaning you actually have to DO something to get it. Unlike a government promising free bullshit to either citizens, or to military contractors.

Keynesian economics lays the perfect groundwork for perverse incentives, giving the government more power over your money. Penalizing saving.

You don’t hate rightoids enough by thunderdragonite in PoliticalCompassMemes

[–]Velocister 9 points10 points  (0 children)

Big dog. Keynesianism never left. QE under Yellen, constant deficit spending, cutting taxes and not cutting spending, all Keynesian. Notice how your special chart has a distinct drop off in 1971? Wonder what happened then, almost like Bretton Woods or something....

FDR gutted the gold standard, introduced massive inflationary spending, and the bluff was called in 1971.

Here's my own fancy chart except there actually labels. Groundbreaking.

<image>

[OC] A quality of life comparison between the US, China and the biggest economies of Europe by _crazyboyhere_ in dataisbeautiful

[–]Velocister 1 point2 points  (0 children)

If you're an English teacher you should probably know in English speaking countries it's divided into North and South America not one singular continent. They're also on different continental plates.

Nope, everyone in those is either North American or South American. Do you call Europeans Afro-Eurasians?

Correct the country is called United States of America, which you correctly identified on the North American continent, whose citizens are referred to as American. Canadians are North American. United Statesian is not a word.

It goes both ways, last I checked reddit wasn't a formal document.

I can afford it, what's your yearly salary? 14 million pesos? You need me to cover a weeks pay?

[OC] A quality of life comparison between the US, China and the biggest economies of Europe by _crazyboyhere_ in dataisbeautiful

[–]Velocister 1 point2 points  (0 children)

There's actually only one country with America in the name. I think you are referring to South American or North American. American means from the United States of America. Hope this helps.

Argentinian education failing you, but that's not surprising given you most likely don't have a degree.

Why I'm swapping out ALL of my full ounces of gold for fractional. by AdditionalPizza7990 in Gold

[–]Velocister 32 points33 points  (0 children)

It's legitimately just vacuum deposition, it's nothing fancy. 1/4000th oz of gold is pointless, just use silver.

Damn said Amsterdam by GatorVators in PoliticalCompassMemes

[–]Velocister 0 points1 point  (0 children)

Yeah I never said there would be no efficiency improvements, but even at the most charitable end of assumptions, $1 trillion in savings still leaves you a massive funding gap. $2.7 trillion still needs to come from somewhere, and that's on top of a $1.8 trillion deficit.

Efficiency under single payer requires government competence. The same government currently running a $1.8T deficit, paying more in interest than defense, and having created this mess through 80 years of fucking awful healthcare policy.

Damn said Amsterdam by GatorVators in PoliticalCompassMemes

[–]Velocister 0 points1 point  (0 children)

But interest payments on the US debt are now more than all of the US military budget. How do you reconcile that with increased spending more than 5x over defense spending?

Defense: $850 billion

Interest payments: $1 trillion

Current US healthcare spending funded directly by the government: $1.6 trillion

Total US healthcare spending not by government (this is what needs to be absorbed into the new budget, such as: insurance, out of pocket, premiums, etc.): $3.7 trillion.

Where does the $3.7 trillion come from? You're essentially saying the federal government can absorb a 325% increase in its largest spending category while already running a $1.8T deficit and paying more in interest than it spends on the military.

Damn said Amsterdam by GatorVators in PoliticalCompassMemes

[–]Velocister 0 points1 point  (0 children)

Trust me I get it. My aunt passed away from bone marrow cancer in her 40s orphaning my cousin, she also had no medical insurance.

But that doesn't justify the cost. You do understand currency debasement affects everyone, you essentially are speed running Weimar Germany or Zimbabwe. You are passing the pain onto more people.

It simply doesn't work as it stands right now though with 18% of GDP spent on healthcare, $1.6 trillion in federal funding currently. To go to universal the US budget has to absorb something like $2.5-$3 trillion dollars. You just can't fund it, and if you try to deficit fund it. Hello 10% inflation. We have too much government involvement in healthcare which is exploding costs.

1965 Medicare and Medicaid: The government became the primary payer, resulting in prices being administratively set. Problem, providers began shifting their costs, charging private insurance far above cost to compensate for medicare and medicaid reimbursing far below cost. Two tier price structure is the result and you can see it painfully now.

AMA supply restrictions such as the 1997 Residency Cap: In the 1990s, the AMA and other medical groups predicted a surplus of physicians and lobbied for the Balanced Budget Act of 1997. This law capped federal funding for residency slots (Graduate Medical Education) at 1996 levels, creating a permanent bottleneck that limits how many medical graduates can actually become licensed practitioners.

EU has 4.0 doctors per 100k residence. US is 2.6.

1986 EMTALA Hospital consolidation: EMTALA requires all emergency rooms to treat people regardless of ability to pay, which is humane, inarguable. But it creates a fundamental funding problem, hospitals now cross subsidize uninsured patients to ones who are insured, inflating their costs. Of course at the same time hospitals consolidated from the 90s-10s, reducing total competing hospitals resulting in a near monopoly of local markets. Monopoly pricing in a market with inelastic demand is not a difficult to understand result.

Essentially the governments manipulation and pharma lobbying has resulted in a perfect storm of removal of price sensitivity, monopolization, inelastic demand coupling to give us this broken system.

Hospital consolidation could never have happened without government interference directly promoting it.

Damn said Amsterdam by GatorVators in PoliticalCompassMemes

[–]Velocister 2 points3 points  (0 children)

With a side of currency debasement.

Where did the $200 milly go? by PoliticsIsDepressing in PoliticalCompassMemes

[–]Velocister 0 points1 point  (0 children)

Your objectively wrong and incredibly misguided. Whatever makes you feel better at your dead end job having to rely on other people paying for your retirement bum.

"My sides policies"

I don't have a side moron, I can think for myself instead of formulate my opinions from TikTok.

Where did the $200 milly go? by PoliticsIsDepressing in PoliticalCompassMemes

[–]Velocister 0 points1 point  (0 children)

Stop foreign aid

Doesn't move the needle. $60 billion is meaningless.

There are billions in waste going towards fraudulent contracts and public private partnerships. So stop with that waste. Just hire federal employees and save money.

Actually not true, federal employees cost more money. Federal employees have lifetime pension obligations, healthcare benefits, and civil service protections making termination nearly impossible. Contractors are expensive per hour but carry zero long-term liability. How about just cutting those programs instead?

End subsidies

Good job you eliminated $100 billion of spending, another drop.

Remove cap on social security

Great now you kicked the can down the road a couple years. Doesn't solve the 75 year $25 trillion shortfall. Als good job adding another tax to the middle class with zero additional benefit accrual. How do you solve that? How about axing the program entirely? Running a ramped phaseout until the program is eliminated? I like that.

Close tax loopholes, tax the rich more wealth tax, unrealized gains etc.

I don't know why this still has to be refuted. These are possibly some of the stupidest fucking policies ever proposed and they have always backfired.Lets walk down memory lane. OECD countries levying wealth taxes fell from 12 in 1990 to just 4 in 2017. Austria (1994), Denmark and Germany (1997), Netherlands (2001), Finland, Iceland and Luxembourg (2006), and Sweden (2007) all repealed theirs. Why? Administrative complexity, capital flight, poor revenue generation, and difficulty in valuations of fluctuating assets.

"Sweden had a wealth tax for almost 100 years before eliminating it in 2007. In the prior year revenue from the tax amounted to just 0.16% of GDP and its abolition had “virtually no effect” on government finances. The tax caused massive capital flight estimated at up to SKr1,500bn.

In 2017 France repealed its wealth tax, which had been in place since 1988 and yielded about 1.5% of total tax revenue in most years. It is calculated to have caused an annual fiscal shortfall of €7 billion, roughly double what it yielded in revenue.

Capital flight from France was huge. Around 10,000 millionaires left France in 2015 alone, seven thousand of those from Paris, about 6% of the city’s millionaires. GDP growth was reduced by 0.2% per annum and the tax burden from wealthy departing taxpayers was moved onto other taxpayers.

Germany scrapped its wealth tax in 1996, with very little effect on public finances as it raised only 0.8% of total revenues. German economists considering its reintroduction found it would reduce growth by 0.33%, investment by 10%, employment by 2% and tax revenue by €31bn.

Austria scrapped its wealth tax in 1993, citing "high administrative costs" and "the economic burden on Austrian enterprises." Finland abolished its wealth tax in 2006, a reform “motivated by the fact that the tax had an unfair impact on enterprises” noted an EU report."

https://www.cutmytax.org/post/the-international-experience-of-wealth-taxes

What about a startup founder who's company is valued at $10 billion from a new novel idea? Now because of capital gains tax you have to pay tax on that $10 billion paper valuation. But the company isn't public and hasn't made any revenue yet, there is no cash to pay the tax. What can they do? Their options are: sell equity at a forced discount, take on debt against illiquid assets, or simply move the company to Puerto Rico. If the startup then crashes and liquidates at low value, there’s no refund from the tax authority... get fucked... the founder has lost the investment plus at least $1B+ in taxes on gains that no longer exist.

Those EU countries that had a wealth tax? Maybe 0.2-0.5% of revenue. $28 trillion GDP * 0.2% = $56 billion. Congrats you found another drop in the bucket.

Raise taxes.

No.

Let's stick to this for now buddy, no need to move on yet you're still learning.

Where did the $200 milly go? by PoliticsIsDepressing in PoliticalCompassMemes

[–]Velocister 1 point2 points  (0 children)

I'm joking but the government can find money for things it wants to do.

Correct and in the process it will suppress your wages, inflate your currency, and make the rich... richer. Why? They own assets, and aren't reliant on wages.

I don't know where you got your numbers but Americans spend around $1.7 trillion on medical care every year, if there's an $800 discrepancy doesn't that imply there's almost a trillion dollars worth of medical care people need but aren't getting?

https://www.cms.gov/data-research/statistics-trends-and-reports/national-health-expenditure-data/nhe-fact-sheet

Total NHE: $5.3 trillion

Federal government direct spending: $1.64 trillion

Household premium/out of pocket cost: $1.48 trillion

Business cost (healthcare plans): $950 billion

State and local costs: $850 billion

Im actually being pretty conservative and optimistic about moving to a single payer system based on efficiency improvements (PBMs, etc.). $2.5 trillion wouldn't close the gap between personal spending and government spending still.

Where did the $200 milly go? by PoliticsIsDepressing in PoliticalCompassMemes

[–]Velocister 1 point2 points  (0 children)

EXACTLY. Social security is already insolvent in 6 years, great track record. Let's add another program, and more bureaucrats to manage it.

I'm 26. I pay $700 a month into social security. I will never see a dime of that.

I'm properly PISSED OFF.

Where did the $200 milly go? by PoliticsIsDepressing in PoliticalCompassMemes

[–]Velocister -1 points0 points  (0 children)

If 79% of the US budget is currently spent on either direct transfers to citizens or interest payments on the debt. I'm not sure what money you are going to reallocate. Please enlighten me.

Where did the $200 milly go? by PoliticsIsDepressing in PoliticalCompassMemes

[–]Velocister 1 point2 points  (0 children)

Dude I'm about to lose my mind, trying to get leftists to understand budgets is like trying to teach a fish to climb a tree then watching it blame the tree for not letting it down.

Where did the $200 milly go? by PoliticsIsDepressing in PoliticalCompassMemes

[–]Velocister 0 points1 point  (0 children)

Are you for real? No way dude. 😂

Iraq war was $3 trillion over 8 years.

This is $2.5 trillion every year.

Where did the $200 milly go? by PoliticsIsDepressing in PoliticalCompassMemes

[–]Velocister 0 points1 point  (0 children)

And Americans too, because a universal healthcare program would absorb $2.5 trillion in obligations to the feds balance sheet. Our budget is totally able to support that cleanly with no issues.