Millions of Americans to Fall off an 'Income Cliff'

Discussion in 'Latest US & World News' started by Horhey, Jun 27, 2020.

  1. Horhey

    Horhey Well-Known Member

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    Corporations can loot the Treasury but working people cant even get a basic safety net. The only developed country in the world that shut down the economy and didn't cover wages, rents and mortgages.

    Paid to Stay Home: Europe's Safety Net Could Ease Toll of Coronavirus

    The only developed country in the world not to guarantee healthcare to its people. In Europe even the right wing supports single-payer. College is free. Americans studying in Europe save $10,000 per year on tuition.

    Americans are moving to Europe for free college degrees - Business - CNN.com

    In the US the 2 main causes of bankruptcies is high medical bills and student loan debt.

    Causes of personal bankruptcies: medical bills and student loan debt - Business Insider

    https://www.cnbc.com/2020/06/23/mil...-month-when-extra-600-dollars-in-ui-ends.html

    [​IMG]
     
    Last edited: Jun 27, 2020
  2. Horhey

    Horhey Well-Known Member

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    With 20% real unemployment, employers know their workers will accept it.



    [​IMG]
     
  3. roorooroo

    roorooroo Well-Known Member Past Donor

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    Smart people have a safety net that doesn't depend on the taxpayer.
     
  4. Horhey

    Horhey Well-Known Member

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  5. Moonglow

    Moonglow Well-Known Member

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    I can beans..
     
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  6. kazenatsu

    kazenatsu Well-Known Member Donor

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  7. kazenatsu

    kazenatsu Well-Known Member Donor

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    Last edited: Jun 27, 2020
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  8. roorooroo

    roorooroo Well-Known Member Past Donor

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  9. kreo

    kreo Well-Known Member

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  10. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    The safety net is simply a delay mechanism... Australia is heading for a financial cliff if people don't get back to work. The Social benefits are making many people lazy, they're doing nothing until the handouts end.
     
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  11. Antiduopolist

    Antiduopolist Well-Known Member

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    The July Lockdown Riots will make the June Lockdown Riots look like a delightful picnic.
     
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  12. Horhey

    Horhey Well-Known Member

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    The safety net is only supposed to be a floor so people can get back on the horse and not become homeless. It wouldn't be needed if employers paid their workers a more equitable wage. They don't because the capitalist business model demands
    reducing labor costs and increasing labor servility.
     
    Last edited: Jun 27, 2020
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  13. fmw

    fmw Well-Known Member

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    Millions of Americans to Fall off an 'Income Cliff'

    The main consequence of government forcing businesses to close. Hope you enjoy the authoritarianism.
     
  14. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    Companies don't pay their workers an equatable wage because high levels of migration ensure there are always someone who will do the job for less money while at the same time pushing up rent and house prices... thus increasing inequality. Has everything to do with Globalism's effect on Capitalism which the globalists conveniently ignore.

    The floor created zombie companies... companies that are not competitive but now continue on, propped up by the tax payer, it is unsustainable.
     
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  15. Horhey

    Horhey Well-Known Member

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    CEOs are legally obligated to maximize profits for their shareholders. It's also essential to keep up with competitors. The cheaper the labor the better.
     
    Last edited: Jun 28, 2020
  16. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    So you are saying CEO's are legally obligated to exploit.. that is not capitalism, it is cronyism...
     
  17. Horhey

    Horhey Well-Known Member

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    It's all the same. That's the nature of the business model: maximizing profits and reducing costs. Employers have to exploit remain competitive. Capitalism will eat itself just as Marx predicted.



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    Last edited: Jun 28, 2020
  18. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    So says the communist then post lots of pictures to try and sound convincing. Communists have killed and starved millions of people, while capitalism have fed millions of people.
     
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  19. Horhey

    Horhey Well-Known Member

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  20. 61falcon

    61falcon Well-Known Member

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    The extra $600 ends one week from the end of July the weekend of Sat.the 25th. A lot of recipients probably are not aware of this, the last 5 days of the month are not going too be covered.
     
  21. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    I see you prisoners, torture & execution by the Drug Cartels (blamed by you on the Capitalists) with......

    http://normangeisler.com/wp-content...s-of-Karl-Marx-in-the-21st-Century-CTHaun.pdf
     
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  22. Horhey

    Horhey Well-Known Member

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  23. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    & according to you this is automatically capitalism... no it is corruption. corruption is found in both communism & capitalism, why do communists always think there's no corruption in communism? I believe it is because there is less money in circulation... that btw is also the reason why so many people starve. Communism will never feed as many people as Capitalism... the problem is Corruption NOT Capitalism.
     
  24. Horhey

    Horhey Well-Known Member

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    Yes, because it was:
    [​IMG]
     
  25. scarlet witch

    scarlet witch Well-Known Member Past Donor

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    \

    I'm not arguing with this statement ^^^ I've read all about it in John Perkins' book, I'm saying it's not Capitalism, it's corruption & cronyism. What the CIA did was corrupt, today we also don't have a pure capitalist system... it's deliberately been corrupted with the aim to discredit Capitalism so people like you would go.... yay!!! Communism.

    Australia is closer to capitalism but still controlled from outside.... honestly in my opinion the only pure form of capitalism is Orania, the Afrikaner town in South Africa where no one lives lavishly but everyone has a job.
     
    Last edited: Jun 29, 2020

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