How does this affect your day to day life?
Maybe but that is probably after you said something that was very wrong. When the opposite was so painfully obvious.
And keep splitting hairs, so you can justify this garbage system.
Like others on this forum, you have to keep with the literal out of fear that what I’m saying about this garbage system is true. Can you think past 1 or 2?
Funny I don’t see the word terrorist anywhere.
So dividends /capital gains don’t end up with the same scenario of more money/power?
trying to intellectualize greed must be your favorite thing to do.
And what is being discussed? Mo money and power. So if you want to justify this by hiding behind definitions of dividends and capital gains then go ahead. And it is you that is a fucking joke.
Maybe definition wise but they ultimately do what is intended. Gather more money/power. Deny it if you want, but you know there really is no difference in how they are ultimately used.
So buying off politicians doesn’t affect the public?
How would you stop the buying off of politicians?
This has never been stopped in the history of humanity.
If you can solve this, I will admit you did something good.
3 Likes
In your opinion it was wrong. That doesn’t make it wrong, and was definitely not a good reason for a civilized person to wage a personal attack. You felt the need to amplify your point by attaching a label to my person.
You must be a pure pleasure to be around. You are the poster child for a recluse, and posting on a forum catered to building muscle and you being incapable of building muscle calls much more into question.
So you are just jealous. Capitalism has pulled more people out of poverty and provided a much higher quality of life than any other system, but that isn’t what matters to you. You don’t like some people doing better than you.
But if you maximize production you consume limited raw material resources at increased rate - leading to inflation…
It’s circular logic
1 Like
It isn’t split hairs. Profitability is a function of business operations. It’s basically revenue less expense. Personal income, be it from salary, capital gains, or another source, is completely unrelated to the financials of business. Stockholders don’t even necessary make money from a buyback. They HOPE to make money from a buyback IF it drives stock prices up and they sell.
Stock buybacks DO NOT generate profit. You were completely wrong as usual and instead of just accepting it you type this non-sense.
Again, your responses, including this one, have nothing to do with the question that was asked and incorrectly answered by you.
Once again, explaining very basic things to you does not mean I support those things.
You don’t understand enough about the topic to even think about 1 let alone anything beyond it.
You didn’t say money/power you said PROFIT. You’re not shifting the goal post.
This doesn’t even make sense.
Maybe you were having a discussing about more money and power, but the rest of us were having the conversation that occurred here in reality.
At this point I don’t know what else can even be said.
Point to where I justified anything. Quote my stance on stock buybacks. Quote my position on lobbying. Quote my position on whatever it is you think warrants saying I am hiding behind definitions to justify “this”. Whatever “this” is.
They don’t, though.
Instead of answering a question with a question (that misdirects from said question to reframe the debate) try answering the actual question instead.
How does this “Mo money and consequently more power to buy off(bribe) politicians.” affect your day to day life? There have to be obvious things, right? You rail against it day after day. This should be simple to answer.
I mean MMT is dumb lol… The entire concept of maximizing production in the macro is silly to begin with, which is why in practice MMT absolutely theorizes your could print/spend indefinitely.
1 Like
If we all just work for co-ops and hold hands around the nightly bonfire we will solve this problem.
1 Like
How’d I miss this gem of a post that I’m sure wasn’t even remotely addressed by Zep.
2 Likes
Some people? Now that is an understatement!
2 Likes
Yes. What they do with it may not offer freedom, though. That’s why it’s best to neuter the State to the greatest extent possible.
1 Like
You forgot…
So you care about the freedom to buy the system that denies freedom to others. Good Lord your definition of freedom!
Stock buybacks lift the price of a stock leading to it’s rise in price which leads to more wealth for those who own the stock. Also it increases the compensation for the CEO. Hmmmmm…wonder why it’s done? Maybe it’s not profit in the strictest sense but it is more wealth.
And you know exactly what I mean. You just hold on to the literal as you don’t have any argument but that.
Yes it does. Maybe it makes you feel a bit uncomfortable because you recognize that you’ve done it plenty of times, so you just try and deny it.
Yes, mo money and power.
Maybe it doesn’t effect my life as much as others, but when politicians broke the railroad strike to side with the owners it certainly had an effect on those workers. Did it not?
But an economic system that has been wrong for decades is not dumb?
If ever interested in broadening your economic horizons. Check out the macro-n-cheese podcast on Saturdays with MMT activist Steve Grumbine. A whole host of macro economics are covered with economists through an MMT lens.