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Originally Posted by Fat Charlie
Have you seen the difference in hurricane relief to Houston and Puerto Rico? I'll give you a hint: one is in Texas and the other is a little different.
I understand trying to withhold judgement, but at some point you've got to exercise it.
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No, I don't follow the news much.
The national response is always political in nature regardless of which party holds it. When an ally who is a strategic energy partner gets attacked, we send tanks and bombs. When dark skinned people get slaughtered in a genocide, we have little interest.
Quote:
Originally Posted by Xist
People keep saying that the airlines do not have the emergency savings that all of us are supposed to have because they bought back all of their stock. I do not mind the government buying their stock under a number of conditions, but I do not want taxpayers losing money this time.
Isn't the Fed trying to print its way out of this mess?
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The big picture is that if people aren't working, we lose that productivity and there's no way to get it back. Nothing in the future can make up for the fact that we're operating now at a low capacity, and it will have ramifications forever.
Normally we'd be experiencing some inflation, and slight inflation is economically good overall. Instead, with productivity massively down, we're undergoing rapid deflation. A government injection of cash will somewhat offset that deflation and get people that do not have rainy day funds (most people) through the crisis.
The whole talk about making the crisis funds "fair" is foolish and merely delays what is needed now. Wealthy people receiving the funds will end up paying a higher percentage in taxes on their portion next tax period. Some of them may spend the extra cash which will increase economic activity, which is good.
Minimum wage falls under the academic domain of economics, and economists have consensus that any minimum wage is a net harm. Bickering over what the minimum wage should be is merely deciding what amount of harm we should inflict on people.
Cancelling student debt is entirely a political move and should be dismissed as the evil idea it is. The reason why some have chosen student loan debt to be subsidized by taxpayers is that the majority of college students and young graduates are left leaning.
Universal health care of some sort probably should just happen, but it will be a long time before we see it.