[quote]Schwarzfahrer wrote:
Well, it’s not a pure zero sum game…
[/quote]
It is not a game. There is no winner or loser. Everyone wins who is free to choose.
[quote]LIFTICVSMAXIMVS wrote:
Correction #2
Anarchism: The same as capitalism except your milk is unpasteurized and you keep the heads’ of PETA members stuck on spikes at your property line as a reminder to those who would disrespect your property.
…and everything tastes better.[/quote]
Bigger LOL. The PETA members thing should be law under any system. It will certainly be in the books when I rule the world.
[quote]Cockney Blue wrote:
The PETA members thing should be law under any system.[/quote]
Not because they are members of PETA but because governments are supposed to be instituted to protect our property from the abuses of ANYONE.
[quote]LIFTICVSMAXIMVS wrote:
Mr. Chen wrote:
So if the total of US debt money it 40 trillion, how much of that should be able to be located as real, valued assets?
It doesn’t work that way. Once an asset is bought it doesn’t necessarily retain its “value”. Everyone values goods and services subjectively which is why prices ceaselessly change.
Let’s not forget that some of that debt was incurred for intangible goods which can have no resale value – a massage for example, cannot be resold.
I highly doubt that if all owned assets in the US were sold they would sum to $40 trillion. In stead of trying to value assets more highly they need to come down where the most buyers will be willing to enter the market. That is the only way to get the pump moving again.[/quote]
Yes, I understand depreciation and intangible assets. What I was getting at is what is a good level of debt to assets ratio for a country?
[quote]Mr. Chen wrote:
what is a good level of debt to assets ratio for a country? [/quote]
This is subjective. Some people have no problem carrying more debt than others. I would not look at debt in terms of assets though because assets do not have a definite price and therefore offer no means to calculate. Instead debt to income is a better measurement.
To answer that question I would answer:
How much of your income do you like using to pay off debts? How little of your income do you need to survive?
The same applies to government as well.
Davos Delegates in ?Denial? as $25 Trillion of Wealth Vanishes
By A. Craig Copetas and Christine Harper
Jan. 30 (Bloomberg) – Regret is cheap for some delegates at the World Economic Forum in Davos, Switzerland. Redemption for their role in the worst economic wreck since the Great Depression comes at a steeper cost.
?Nobody in Davos wants to get near a negative like redemption,? said Robert Dilenschneider, chief executive officer of the Dilenschneider Group, a public relations firm in New York. ?But the truth is that everyone here is part of the problem, and the public will soon begin demanding a pound of flesh.?
Obama?s cows:
You have two cows. Obama taxes both of them and takes one cow and gives it to a less fortunate person. Then you get taxed on the milk your cow produces and are forced to also buy as much milk from the less fortunate person your other cow was given to, at a high tax rate as well, as you produce.
Obama is concerned about you cow being burdened with calves so he lobbies congress for a trillion dollar stimulus so you cow can have an abortion.
What? What’s not clear about ridiculous mismanagement, greed and incompetence?
[quote]vroom wrote:
What? What’s not clear about ridiculous mismanagement, greed and incompetence?[/quote]
How’s that for simplicity?
Case closed, problem solved.