In 08 they should have let the banks fail. People claim it would devastate the economy. Bs. A rich person would have picked up the scraps for cheap and kept things going. They didn’t need our tax money and no punishment.
Oil subsidies are why we have cheap gas. I’m fine getting rid to them. Just realize your gas will cost more.
the banks should have been seized and the owners should have lost it all and the government should have ran them for 5 years to stabilize the economy before selling them back off with conditions on their new owners and stronger regulations in general
Without them you end up importing all your food from Cheapistan. But then Cheapistan has a famine (or gets invaded), and then you have a problem. You can’t just start up food production that quickly to avoid all your people starving.
Which is why oil should be nationalized. Same with the banks. If the people have to share in the cost of failure they should get the profit for successes.
I understand that nationalizing oil companies in the US is not going to be a palatable solution for a lot of people. I’m not entirely sure it’s the right solution, but I know for sure it’s not a politically feasible one.
We’ve had decades upon decades of subsidizing the rich. It’s always easy for the government to figure out how to do that, so we know they know how to give subsidies. Why don’t we try subsidizing the people who need the subsidies for their basic needs? In the context of fuel, it would be relatively simple to create a federal tax credit for fuel usage (which would arguably include a version for electric vehicles and their charging).
In 08 they should have let the banks fail. People claim it would devastate the economy. Bs. A rich person would have picked up the scraps for cheap and kept things going. They didn’t need our tax money and no punishment.
Oil subsidies are why we have cheap gas. I’m fine getting rid to them. Just realize your gas will cost more.
the banks should have been seized and the owners should have lost it all and the government should have ran them for 5 years to stabilize the economy before selling them back off with conditions on their new owners and stronger regulations in general
Farm subsidies are a tricky one though.
Without them you end up importing all your food from Cheapistan. But then Cheapistan has a famine (or gets invaded), and then you have a problem. You can’t just start up food production that quickly to avoid all your people starving.
Banks, yeah I agree with that. Oil is more complicated. When oil prices go up, the price of everything goes up, sometimes dramatically.
I’m not saying oil subsidies are a good thing, just that a lot more care needs to be taken with eliminating them.
Which is why oil should be nationalized. Same with the banks. If the people have to share in the cost of failure they should get the profit for successes.
I understand that nationalizing oil companies in the US is not going to be a palatable solution for a lot of people. I’m not entirely sure it’s the right solution, but I know for sure it’s not a politically feasible one.
We’ve had decades upon decades of subsidizing the rich. It’s always easy for the government to figure out how to do that, so we know they know how to give subsidies. Why don’t we try subsidizing the people who need the subsidies for their basic needs? In the context of fuel, it would be relatively simple to create a federal tax credit for fuel usage (which would arguably include a version for electric vehicles and their charging).
I don’t think I fucking care.
🙃