aquascoot wrote on Feb 2
nd, 2021 at 3:47pm:
thanks for the apology karnal.
it still makes paints a dire picture of exponential debt growth
Oh, it most certainly does. But running a country is not like running a household - or maybe it is.
Debt is usually measured in terms of GDP because if the fundamentals are strong, the money will just come back from wages growth and taxation.
The "noble Donald's" party the Republicans, however, saw things differently. They believed that cutting corporate tax would lead to the creation of investment and growth in America, and offshore businesses returning to create investment and growth.
They were mistaken. The shell companies in the Bahamas remained where they were. And the tax savings were invested in share buybacks, not jobs, infrastructure, bricks and mortar.
The tax cuts led to a stock bubble, that's all. And the "noble Donald" added 9 trill to the debt.
The "noble Donald" himself didn't have a plan. He saw the economy in terms of competition with China, Europe and Japan. He just wanted to sell more stuff than other countries, ignoring the fact that markets are global.
He just wanted to stiff the Chows and the Mexicans and the shithole countries who are rapists and murderers and bring in drugs and some, I assume, are good people.
Uncle Sam, you see, might run financial services, for example, while Charlie Chan makes computer parts. It's pointless trying to bring production back, it doesn't work that way. Under the "noble Donald", China added another 30 bill to the trade surplus, despite the Don's silly trade war.
The "noble Donald" never got it, despite the best minds in the country trying to teach him. They all left. It was pointless.
The most happy and successful countries in the world tax their resources and invest them in their populations: health, housing, education. This is literally the gold standard, achieved by Northern European countries like Norway, Sweden and Finland. These countries outperform in health and education measures, and their people live modest, but long lives. They have healthy democracies, with people happy to pay taxes, whether they're retards or leftards, however they vote.
The most unsuccessful countries have extremes of wealth, with corruption and poverty. You can look at Russia as a good example. A president who's the third richest man in the world with money stashed all over the planet, and yet, a lot of poor, uneducated drunk people with short lives (and some, I assume, are good people).
The "noble Donald's" mentor, Vlad, skims his country's resource sector and puts the money into 18 billion dollar palaces with $850 toilet brushes.
Norway's prime minister lives a modest life with a bicycle and a house in the suburbs. His country's resources go on hospitals and universities and houses and pensions for his people, who's bosses give them two months holiday a year. There are noble righties and noble lefties, and for them, it's all good. It's not about politics, but community, the good life.
The "noble Donald" wanted Russia. Sleepy Joe Metameucil would prefer something like Norway, even though he knows it's a distant dream.
The "noble capitalists", with their companies in the Bahamas, pay to keep things the way they are. They slung in to get the "noble Donald" erected, and it worked out terribly for them. Why did you have to attack the government? They asked. You were meant to do tax cuts and put the judges in and keep quiet.
Do you think the Donald should say sorry?
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