Queen of Hearts, you seem to be very learned in politics and history, but in all respect, you sort of ramble on. Perhaps you can put your separate ideas into a flowing sentence. Cause and effect. It seems hard to understand to me, which is why I dropped out of the minimum wage argument
Someone else brought up minimum wage. I don't like talking about it because is it is non starter. Bernie is talking pie in the sky to get kids to vote who are working for minimum wage.
The Economy is a complex issue. I find myself constantly repeating.
The government does not take in enough revenue to pay off all its promised entitlements.
The Congress will not tax the rich so they are forced to borrow money from the Fed.
If you've read "The Creature From Jekyll Island" then you know who and what the Fed is. If you don't know what the Fed is and how it manipulates our economy then you don't know.
Most Americans have no idea how our economy works. They just don't want to pay taxes. Yet they want the roads fixed, better schools, police, firemen, jails, but all this comes at a cost they don't want to pay.
Taxes have to come from somewhere. The only class left with any money is the wealthy and they already control the political class. So that is unlikely to happen.
Social Security cannot be changed without a political party abdicating its power.
So we continue to print money instead of paying higher taxes. Thereby making what you have worth(less). Being a millionaire used to mean something. Now you have billionaires.
If you want to make money in this country you need an idea, start your own business and hard work. You cannot get rich working for someone else.
I would like to know from those of you going to school and majoring in economics what is you goal?
My concern is borrowing. When the Fed set prime at 0% I worry that banks will loan to anyone, sell garbage to pension funds looking for yield and thereby causing another 2008 meltdown.
Edited by QueenofHearts, 19 February 2016 - 01:41 AM.