Banks

If people are paid too little “working poor” – if work does not pay off anymore – the whole capitalistic free market system is about to fail.

If it is the same income if people stay at home or  or go to work – something fundamental is wrong and it is not the state well fare.

It is a evil combination of big companies and super rich 1% dogging their collective responsibility for society and avoid taxes and paying their workers too little (poverty line is 1000€ after taxes in Germany, minimum wage is 9.35€ before tax per hour.

or in other words:

if extraction / stealing money (also in digital form) in secrecy (cum-ex scandal: banks are fined to pay 400 Million € (aprox. 80 Billion € in taxes are fleeing EU countries EVERY YEAR! (with the help of banks))) pays off  better paid than actually CREATING VALUE (which should be all the free market is about about) – capitalism is a cancer to itself and programmed for self destruction.

The US and the EU should team up (maybe at the UN?) and place trade embargoes on countries that become rich with tax dumping and avoidance – if Trump and and the next president does not take this topic serious – they don’t take justice serious.

It is rather a very unsustainable way of finance and economics that will drive voters towards more radical parties (extreme right wing minister could only be prevented in economically weak east Germany (former DDR) by intervention from Merkel).

Taz: Macron now wants to “flexibilize” wages in France by eliminating collective agreements for entire industries, but only agreements for individual companies.

Flassbeck: “This is exactly the wrong policy and a blind copy of the German guidelines.

France would have to reduce its wages by about -20% in order to catch up with Germany.

But this is not possible because domestic demand in France would collapse and unemployment would rise dramatically.

Instead, German wages would have to rise by about +5% annually, over many years. Only then will there be a Chance to save Europe.

https://taz.de/Heiner-Flassbeck-ueber-Macrons-Politik/!5416608/

If people are paid NUTHIN’ they can’t buy NUTHIN’ and the whole fucked up system collapses.

Just look at Greece and it’s devastated economy.

Why is this so hard to understand? X-D

this private corporatism “the planet is owned by the highest bidder” (who has access (!) to the cheapest loan of a private bank) is the true devil of our times.

Selfishness and greed are the exact opposite of love – and might kill all of mankind.

Climatechange is just a sideffect of that – it is just more profitable to destroy the planet and the climate – than to restore the balance – this only can end deadly.

Survey: Capitalism ‘doing more harm than good,’ and technology is ‘out of control’

  • real sense of unfairness
    • According to Edelman, 56% of respondents question capitalism as it exists today. The survey also found that 78% of respondents agreed with the statement that “regular people struggle just to pay their bills as elites get richer than they deserve.”

  • “the system is not working for most people”

https://finance.yahoo.com/news/wef-survey-shows-growing-discomfort-with-capitalism-technology-053032765.html

Wealth and income inequality has reached, as it did then (1920s), a Dimension in which the power of the rich and the blackmail of democratically elected politicians become so great that democracy threatens to become a Farce.

homo economicus – update to status quo – welcome to the 20s (2020) – where are we?

when the future is supposed to look like this:

WE NEED A POSITIVE VISION FOR THE FUTURE!

https://www.youtube.com/watch?v=7fVAifnnlg0
https://www.youtube.com/watch?v=7fVAifnnlg0

Trump Tax Cut Hands $32 Billion Windfall to America’s Top Banks

“GREAT” Isn’t it? X-D

i am very sure, the banks will use this money to make this world a better place… or maybe not.
Trump just does EXACTLY the opposite of what Mr Bregman would do – he further increases the gap between rich and poor and thus asks for more social unrest and trouble on the street.
How can the bankers enjoy driving a Ferrari when it is either stuck in a traffic jam or light up on fire by protest?
The most useless parts of society – the financial sector – the bankers – get a tax gifts – while the poor majority will see TAX INCREASES!
The game is: take from the poor – give to the rich – it is basically monetary aristocracy (the fact that some people have more privileges / access to resources than others / own more companies land and resources thus are entitled to more monetary income – even without work)
Don’t get me wrong – i am all in for entrepreneurship – creative ideas that make the everyday life of everybody better – while making a profit.
For example i am all in for: Tesla and SpaceX making a profit WHILE advancing mankind – but i am very much against people who earn money without creating value in any term of that sense and sorry to say – bankers and lawyers usually fall in the later category.
Trump should have given tax gifts to SpaceX and Tesla for creating innovative products that could save mankind from extinction.
But no – why not bail out the banks – once more?
This is simply corruption and exactly the kind of aristocracy that Americans 1776 fought against by gaining their independence from the aristocracy of England and their colony profiteering based on exploitation – and the US was just another colony to England and France and Spain.
So this planet is “just another colony” to Donald Duck Trump and the bankers?

“A rising tide lifts all boats”

is unfortunately not working Mr Kennedy – because the “trickle-down effect” does not work (the rich simply do not do enough investments into the REAL ECONOMY to lift any of the small boats).

see: https://www.theguardian.com/commentisfree/2019/jun/12/why-are-we-still-pretending-trickle-down-economics-work

The financial sector does not generate value in any of it’s terms.

Highly recommend the documentary: LET’S MAKE MONEY

By

  • Top banks saved $18 billion in 2019, even more than prior year
  • Meanwhile lending slowed, job cuts mounted and dividends rose

source: https://www.bloomberg.com/news/articles/2020-01-16/trump-tax-cut-hands-32-billion-windfall-to-america-s-top-banks

source: https://www.democracynow.org/2020/1/17/headlines/report_six_banks_reaped_18_billion_last_year_from_trump_tax_cuts

that’s it Mr Trump: “IMPEACH ‘EM!”