General Discussion

fasttense

(17,301 posts)

11. That is why we have to change our economic system

Mon Feb 25, 2013, 08:46 AM

Feb 2013

Allowing a few handful of people to make excessive wealth off of our labor, then sets it up for those few handful of wealthy people to steal all the benefits of our society including controlling our political system. These rich fat cats have absolutely no right to make such huge profits off of our economic system. They have no right to impose their will on the rest of us just because they can rig the system with the money they make off of us. It's time to make our economic system democratic. You can't have billionaires and democracy at the same time.

The whole system is rotten and needs to be replaced.

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Fix the Debt (cut social security) is a true bipartisan operation [View all] HiPointDem Feb 2013 OP

CORRECT Skittles Feb 2013 #1

ACA will be excepted by many Democrats... Veri1138 Feb 2013 #16

settling for mediocre and calling it progress seems to be a theme Skittles Feb 2013 #36

Republicans would not cut it because... Veri1138 Feb 2013 #43

You know none of these privileged fatcats ever goes to bed hungry MotherPetrie Feb 2013 #2

"So elect progressive candidates!" HOW??? HughBeaumont Feb 2013 #3

are you talking to me specifically? cause i didn't say 'elect progressive candidates" & i don't HiPointDem Feb 2013 #4

Oh sorry, no; it's just a general thing people tend to say in threads like these. HughBeaumont Feb 2013 #17

true, that. HiPointDem Feb 2013 #24

If you run for Congress, you generally don't want to piss off the wealthiest/powerful constituents. Selatius Feb 2013 #7

That is why we have to change our economic system fasttense Feb 2013 #11

The more money that makes it's way to the top, the worse it's going to get. HughBeaumont Feb 2013 #21

The ugly truth? Veri1138 Feb 2013 #18

How does cutting Social Security "Fix the Debt?" It has never contributed one penny to the debt. tclambert Feb 2013 #5

It depends how you look at it madville Feb 2013 #6

The Treasury would simply monetize those bonds, the way I understand it. Selatius Feb 2013 #9

If nothing is done it will snowball madville Feb 2013 #13

"in turn pays interest on it back to Social Security if it needs it" -- no, it pays interest HiPointDem Feb 2013 #27

It's pretty simple madville Feb 2013 #31

it's pretty simple. but that's not how it works. the Trust Fund gets REGULAR interest payments HiPointDem Feb 2013 #32

It is paid out only when it's needed madville Feb 2013 #33

you said: "it in turn pays interest on it back to Social Security if it needs it" HiPointDem Feb 2013 #34

Which is correct madville Feb 2013 #37

The TF is credited whether it's 'needed' or not, whether they 'pay out' or not. HiPointDem Feb 2013 #42

Well, another scenario... Veri1138 Feb 2013 #20

George Carlin was right....... lib2DaBone Feb 2013 #8

Which is exactly why I loathe Rendell. Skidmore Feb 2013 #10

and considering ed rendell DonCoquixote Feb 2013 #38

Slashing SS is the #1 goal of the 1%... because their taxes will go up big time otherwise. reformist2 Feb 2013 #12

Social Security represents... Veri1138 Feb 2013 #22

K&R forestpath Feb 2013 #14

Notice mtasselin Feb 2013 #15

Du rec. Nt xchrom Feb 2013 #19

rec n/t Autumn Feb 2013 #23

K&R for a truth nobody can afford to deny anymore. nt woo me with science Feb 2013 #25

The one good thing about having Republicans in charge of the government Yavin4 Feb 2013 #26

true, that. it was funny how that just went away as an issue under the reign of bush. HiPointDem Feb 2013 #28

Fix the Debt: privatize the shit out of everything so the billionaires don't have to pay taxes. Initech Feb 2013 #29

Yeah, "bipartisan" in the same sense as a gang rape is "bipartisan". Tierra_y_Libertad Feb 2013 #30

Good one! Cleita Feb 2013 #35

K&R hay rick Feb 2013 #39

Flip the Debt octoberlib Feb 2013 #40

kick limpyhobbler Feb 2013 #41

I am officially off the Villaraigosa for Governor bandwagon KamaAina Feb 2013 #44