What a bizarre fantasy. This appears to be an instance of radical ideological notions seriously impairing one's cognitive faculties. Slavery was practiced by profit-minded individuals, not because it was an attractive social institution, but a highly efficient economic one. It has been estimated that the economies of large-scale operation, effective management, and intensive utilization of labor and capital made southern slave agriculture 35% more efficient than the northern system of family farming. By mid-19th century, cotton had become the world's largest commodity, and the cheapest and best cotton came from the slave states. Wealth flowed into the US. The US Census Bureau estimated that, on average, slaves worked some 60 hours per week for 51 weeks during the years with the average pay rate over 164 years (1700-1864) at $.10 per hour. The results of the economic value of this free labor were estimated in 2006 to be 20.3 trillion dollars. To pretend that slave labour did not contribute considerably to the nation's wealth is as silly as deluding oneself into believing that large-scale, low-wage manufacturing made no economic contribution to the nation. "Damn, this is fun! If only it were profitable!"
Try reading the definition of a ponzi scheme again. And by the way, SS is stiil in the black as opposed to the entire rest of the government which is in massive debt.
Think about this, did the first person collect social security get back more or less of the money he and his employer put in? Once again it was created as a huge government bet that you wouldn't live long enough to collect The age to collect should be raised till around 80 now
If you are incapable of understanding something as pathetically simple as the definition of a ponzi sceme it is probably a waste of time trying to educate you.
All Gruber contributed was writing. He knows nothing about the thinking in the Democratic party or what the goal of The ACA was. He is just another hack trying to stay in the news.
So it's impossible for you to comprehend facts? Once again a simple yes or no will do, did the first person who collected social security get more or less what he put in? If it's no, hence a ponzi scheme
I have. Since the Reagan "trickle down" revoluation, real median household income have basically stagnated, while top incomes have exploded. As I said: "Also, the Republicans were effective in sabotaging the economy and blaming Obama for it."
What is your evidence that the trillions of dollars attributable to slave labour that flowed into the US did not benefit the US? Do you believe that other industries such as manufacturing, railroads, petroleum, steel production, etc., etc., etc., etc. also had no impact on the nation's economic status?
Use your common sense and figure it out Slaves were about 15% of the population Cash crops such as cotton and tobaco would still hsve reached the market without slaves They might have made the owners extra money but were not indespensible to the economy
Yeah.....they are caught in a Trump Tunnelvision. Everything about Trump and his supporters. Despite the lefts own out telling them why they lost. We have had several of those articles posted up going back to Right after the election. Guess who is mostly missing from those threads. The Demos are down to 5 states wherein they control them totally. Trump didn't win 66 out of 99 State Legislatures. Trump didn't cause the Demos to lose the majority of Governorships, LT Govs and State AG's. The House or the Senate either. The Repubs can't take all the credit. Preibus ran grassroots from before 2010 and kept them up and running. But the main culprits....are the Demos themselves. The way they act, they way the talk, their tissue issues. The Majority of the country was having no more of it. Whats funny is how they think they can just wipe away what took place with them. That people will forget. But one thing the people aren't forgetting....is that MS Media and their advocacy for the Demos and their tissue issues. People will not forget this so called resistance. They will not forget the Demos leaking stuff all the time. Shutting down free speech. Tearing down statues. Rioting, and blocking highways and roads. Nor will they forget the Demos and their cover for all things BO peep.
The D's ignored the reason Bill Clinton won - "It's the economy stupid". They continue to ignore his advice.
If you need to pretend that slave states went to war against the United States because they were hellbent on perpetuating and expanding an economic loser (They all cited slavery as their primary excuse for secession.) that's quite an indictment of their ignorance of basic business principles. For them, not having to pay for the labor that generated their wealth was a better deal than having to pay for it. If only you could have convinced them that their considerable wealth was not derived from owning and exploiting human beings, quite a spot of bother would have been avoided. Unfortunately, they found slavery far too profitable to let it go without a fight.
Slavery was highly profitable. Slave holders did not exploit human beings and contrive a war to perpetuate and expand the practice because they thought it was a fun thing to do.
I’m sure there are academics on both sides of the issue but just use your common sense Slaves were a minority of the population and were not vital to the success of America The work would have been done anyway by free men instead
That's ridiculous. Again where are the trillions of dollars ?? And where is the analysis that shows the comparison with paid labor at rates current to the times ??
Yes the blame game is alive and well. We are so damn good at it. Don't get ahead of yourself. It won't be Obama's fault until the Trump economy goes to hell.