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2021-12-19 Economy

There is a way in which the government can increase wealth

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Posted by Besoeker 2021-12-19 06:46|| || Front Page|| [8 views ] Top

#1 Our government is well aware of the benefits of long-term economic or monetary compounding. It is the equitable distribution or sharing of the compounding which they appear to be reluctant to undertake.

Proofs abound, but one current example of our politicians understanding can be found in the recent spat between AOC and Pelosi over the stock market investments of congressional members.

FDR understood the concept of compounding as well. Mandatory Social Security accounts, when fenced, and left to earn would create untold levels of national wealth. Problem was, the fund was too tempting and eventually become merged with the federal budget where it quickly become invisible and exploited. In other words, it is stolen from the annuitants and redistributed elsewhere.

Imagine if you will a country of Elon Musks calling these thieving bastards in Washington out at every turn? They simply cannot permit it to happen.

Posted by Besoeker 2021-12-19 07:12|| 2021-12-19 07:12|| Front Page Top

#2 ^ Good comment, B. The leverage Musk has is that he is a leading maker of the Holy Electric Car that will be our salvation from the wages of fossil fuels. Or not.

Posted by Matt 2021-12-19 09:15|| 2021-12-19 09:15|| Front Page Top

#3 In addition to money, all citizens, present and future, receive free educational support: pre-school, K-12, adult, parental, vocational, and on-the-job.

Very democratic and socialist.
Stipends for being a citizen. I suppose the voting non-citizens will go for it.
Free education? Is it a benefit for the unwilling, unable, incapable or just plain angry?

Broad brushes sweep all in their path.

Posted by Skidmark 2021-12-19 18:22|| 2021-12-19 18:22|| Front Page Top

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