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The Forum > Article Comments > The effects on deficit – Trump vs Biden > Comments

The effects on deficit – Trump vs Biden : Comments

By Michael Knox, published 16/11/2020

Trump cuts tax, Biden lifts tax: both add deficit stimulus.

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Here's the thing. The Great Depression was a manageable recession, turned into a depression by a republican conservative isolationist, Who tried and failed to fix it with austerity measures. The lessons learned are that you need big bold ideas and fit for purpose deficit!

And the end of the brainwashed from birth idea, that socialism is evil! And the same as communism! IT ISN"T!

Whereas some socialism is consistent with a richer, fairer society. That things like electricity generation should be rolled out as either the state-owned and operated model or as co-op business models (SMRs) that compete for market share.

Other than that we need to outlaw all the parasitical (the world owes us a living and free lunches) paper shuffling middlemen, who virtually double the cost of living or doing business.

We need to end the practices of politicians with vested interests in this or that technology/business model creating rules and regulations/laws that prohibit fair competition with their preferences! Example, the decades-long prohibition on nuclear and or MSR thorium! Given that would decimate the renewables industry!

A fit for purpose NBN would allow this to happen with the middleman distribution marketing model replaced by factory/generator direct sales. Also under the hammer needs to be smashed down on commission sales/debt-laden investors, both domestic and foreign! To be replaced by salaried salespersons/and a capacity to repay out of current incomes/earnings! To stop hugely inflated real estate bubbles etc!

Understand this much, the only free market, private enterprise model that survived the Great Depression largely intact were co-ops!

If putting people back to work is a worthy goal and it is! Then someone somewhere needs to act to fund and facilitate co-ops. As opposed to dismantling them, with a will, in favour of extreme capitalism and the aforementioned parasites! And a Presidential pardon for Donald Trump, with conditions. TBC.
Alan B.
Posted by Alan B., Monday, 16 November 2020 11:31:24 AM
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Cont. A Joe Biden Presidential pardon for Mr Trump should, I believe, include the following conditions, that he surrenders all his property holdings/bank balances in the USA to the tax office.

And surrenders his passport, US citizen citizenship and departs forthwith for a country that would grant him residency! To be completed within two weeks! To that end, Mr Trump needs an epiphany and needs to become a gracious loser! Now today!
Alan B.
Posted by Alan B., Monday, 16 November 2020 11:42:34 AM
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Things are bad but they could be worse!

Dan
Posted by diver dan, Monday, 16 November 2020 3:45:06 PM
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