if you have an economy that must collect interest to keep going and there is no expansion due to systemic concentration of wealth..how do you develop margins of usable cash to pay said interest and keep up what you deem as essential services..which is the police/military ::confused::
you cant touch the wealth of the rich in whose hands over 90% of the wealth is concentrated....you cant touch corporate wealth or increase taxes on them...so what do you do.....?
we know where all the wealth goes..it is all accounted for..90-95% to the rich..5% to the rest of society. how far does 5% go to pay interest and all government recurrent expenditure and expansion ::confused::
government ends up borrowing again and increasing the debt end over end every year. but interest must be paid..and that can be had only through shifting or taking it from one place to another. money for health and public services are cut back to an extent they think is politically feasible at any one time. that is what austerity is all about..as simple as that...shrinkage of the social safety net and public infrastructure to produce margins to pay interest and police/military to be ready when ad if the people rise up
[quote author=mapoui link=topic=65032.msg669599#msg669599 date=1450208429]
if you have an economy that must collect interest to keep going and there is no expansion due to systemic concentration of wealth..how do you develop margins of usable cash to pay said interest and keep up what you deem as essential services..which is the police/military ::confused::
you cant touch the wealth of the rich in whose hands over 90% of the wealth is concentrated....you cant touch corporate wealth or increase taxes on them...so what do you do.....?
we know where all the wealth goes..it is all accounted for..90-95% to the rich..5% to the rest of society. how far does 5% go to pay interest and all government recurrent expenditure and expansion ::confused::
government ends up borrowing again and increasing the debt end over end every year. but interest must be paid..and that can be had only through shifting or taking it from one place to another. money for health and public services are cut back to an extent they think is politically feasible at any one time. that is what austerity is all about..as simple as that...shrinkage of the social safety net and public infrastructure to produce margins to pay interest and police/military to be ready when ad if the people rise up
[/quote]
Maps...I am not sure what is your point of stating the obvious. Perhaps you like the noise and the excitement that Lompha makes behind your postings. Don't worry...do you remember when we were told that the Japanese would own the US? What happened? But more to your prior post...
Where do you want me to start driving the tractor trailer through your contentions?