Tuesday, December 17, 2019

interesting - btbirkett@gmail.com - Gmail

interesting - btbirkett@gmail.com - Gmail





Bruce Birkett

11:02 PM (0 minutes ago)
to Anne
You are just like the kids who kill the golden goose. You want it now and see nothing of the big global picture.

I laugh at the stupidity but try and not say too much. Sure, everyone would like to have 10 doctors and nurses, free food, etc. but then the question is who is working and who is receiving benefits. The people in the US live a very rich life. They just want more.

As for healthcare, I think the US is plagued with medical professionals and a bad environment and there are too many vested interests. And, if you don't eat well and don't live a healthy life, you don't care because you are taught it isn't your responsibility! The same is true with most everything else. You should do lots of things but the easy road out is preferred and no one is responsible for themselves because they want either: to have someone else take care of them; or to think they know better and care for others.

How many people have a clue how an economy and investment work and how many have any idea that there are much poorer countries out there willing to do work for less money! 

And the old folks might be the worst. They think they paid in enough for social security and their pensions. Anyone with their eyes open knew it was a lie but heck, ostrich behavior is so much easier.

I'm not saying how things should be, I'm just acknowledging how the reality works. And yes, I agree, cutting taxes reduced income by maybe 200 billion a year but we are spending one trillion. So, cutting taxes isn't the cure; and, raising taxes is again the goose with the golden eggs.

The news today is that US Steel suddenly realizes it has no choice but to invest in new technology. They are 20 years behind. Do the union workers give a shit? No, they wanted what the union promised in wages and pensions. They were stupid lemmings led by lemmings.

The reality is the US is spending too much on entitlements and no one wants to believe it or state the facts. Meanwhile all jobs are being replaced with technology. Either you invest and make use of the tech or you are ending up making the equivalent of buggy whips. Look at Germany, the home of the worker involved state and business community! Look it up. The picture isn't pretty.

When you want social benefits, it's easy to say that taxes on the productive should be raised and ignore the implications of jobs moving offshore, technology and production moving offshore and say, "Well, it is certainly not our high corporate taxes!". That is just total bullshit and anyone who says it is biased and blinded by such bias. 

The old saying is "liars use statistics and statistics lie". 

I admit I guess wrong that printing money would produce inflation. It hasn't. But, it has in healthcare and education. 

And, when you base your plans on false assumptions about how people react to incentives and disincentives and when  you ignore the rest of the world, you do so at your peril. That's all I'm saying. Things go along OK until they just don't. And, I agree, there is super amounts of bad shit going on out there and expecting a shrinking younger population to pay the costs of an expanding older population doesn't seem too intelligent.

Oh yes, to downplay the costs of government borrowing and paying for entitlements, we keep interest rates low and, surprise, pension plans are going bust! The world of unintended consequences.

Didn't a reason news article in the US say 86% of college educated Americans can't tell fake news? How sad is that?

I struggle to see through the wheat and chaff. And, that's both fun and keeps me busy.

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