Comments: !=

Okay scarecrow, let's suppose we give everyone their $8000 right now. Set aside for the moment what this does to job growth and economic investment - what about those student loans? Those jokers are still broke.

Wipe that out first, you say? Make the "everyone is equally wealthy [poor]" calculation from a clean slate? Sorry, that debt is what is in the plus column of all those you aim to loot.

Posted by johngalt at January 18, 2017 1:55 PM

Forbes' Tim Worstall explains the situation thusly:

Fully 30% of the world's poorest people when measured by wealth are actually in the rich countries of Europe and North America. This is because these are the parts of the world where it is possible for people with no assets to borrow money.

In other words, they have leveraged their own future wealth. Maybe the answer is to just, stop allowing that. No more student loans. No more cars on credit. No more "nothing down" mortgages. Problem solved!

Posted by johngalt at January 18, 2017 2:08 PM

I dunno sounds like the kind of thinking which does not represent "Accountable and visionary governments, businesses that work in the interests of workers and producers, a valued environment, women's rights and a strong system of fair taxation."

You'll never get a job at Oxfam thing like that.

Posted by jk at January 18, 2017 3:18 PM
Post a comment

Remember personal info?