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Free Money: Potential Presidential Candidate Mark Zuckerberg Suggests That All Americans Should Get A ‘Universal Basic Income’

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Should everyone in America receive a “basic income” directly from the federal government?  Considering the fact that we are already 20 trillion dollars in debt, such a concept may sound quite foolish to many of you, but this is an idea that is really starting to gain traction in leftist circles.  In fact, Facebook CEO Mark Zuckerberg suggested that this was something that we should “explore” during the commencement speech that he just delivered at Harvard.  For quite a while it has been obvious that Zuckerberg is very strongly considering a run for the presidency in 2020, but up until just recently we haven’t had many clues about where he would stand on particular issues.  If he is serious about proposing a universal basic income for all Americans, that would make Zuckerberg very appealing to the far left voters that flocked to the Bernie Sanders campaign.

Yesterday, I discussed the fact that the number of Americans that are receiving money from the government each month has reached an all-time high, but Zuckerberg would take things much farther.  According to Zuckerberg, society would be far better off if everyone got an income from the government

“Every generation expands its definition of equality. Now it’s time for our generation to define a new social contract,” Zuckerberg said during his speech. “We should have a society that measures progress not by economic metrics like GDP but by how many of us have a role we find meaningful. We should explore ideas like universal basic income to make sure everyone has a cushion to try new ideas.”

Zuckerberg said that, because he knew he had a safety net if projects like Facebook had failed, he was confident enough to continue on without fear of failing. Others, he said, such as children who need to support households instead of poking away on computers learning how to code, don’t have the foundation Zuckerberg had. Universal basic income would provide that sort of cushion, Zuckerberg argued.

Such a proposal is going to look really good to a lot of people at first glance.

But who is going to pay for this?

Of course the truth is that the money for the people that are not working would come from taxing the people that are working.

I don’t think that Zuckerberg has really thought this through.  Are young people going to have an incentive to work if they can just stay home and watch movies and play video games all day while collecting their “universal basic incomes” from the government?

And why would anyone want to bust their rear ends working for a living when their incomes are just going to be taxed extremely heavily to pay for all the people that aren’t working?

We are already 20 trillion dollars in debt, but politicians on the left just want to keep giving even more free stuff to people.  During his presidential campaign, Bernie Sanders suggested that everyone in America “deserves a minimum standard of living” and that every citizen is “entitled” to universal health care, free college education and basic housing…

So long as you have Republicans in control of the House and the Senate, and so long as you have a Congress dominated by big money, I can guarantee you that the discussion about universal basic income is going to go nowhere in a hurry. But, if we can develop a strong grassroots movement which says that every man, woman and child in this country is entitled to a minimum standard of living — is entitled to health care, is entitled to education, is entitled to housing — then we can succeed. We are living in the richest country in the history of the world, yet we have the highest rate of childhood poverty of almost any major country and millions of people are struggling to put food on the table. It is my absolute conviction that everyone in this country deserves a minimum standard of living and we’ve got to go forward in the fight to make that happen.

In previous generations, very few people would have ever taken someone like Bernie Sanders seriously.

But in our day and time socialism is really starting to catch on.  In fact, one survey found “that four out of every ten adults say they prefer socialism to capitalism”

The American Culture and Faith Institute recently conducted a survey of adults 18 and older. It shows not only how deeply divided Americans are on some issues but also how their view of the nation stands in many cases in stark contrast to our nation’s founding principles. Most Americans (58 percent) see themselves as politically moderate, while a quarter identify as conservative, and 17 percent as liberal. Those who were both socially and fiscally conservative, the group tracked by the ACFI in greatest detail, were 6 percent of the population.

But those differences don’t reveal the greatest divide and danger to America’s future. “The most alarming result, according to [George] Barna, was that four out of every ten adults say they prefer socialism to capitalism,” the ACFI noted in its commentary on the poll. “That is a large minority,” Barna said, “and it includes a majority of the liberals — who will be pushing for a completely different economic model to dominate our nation. That is the stuff of civil wars. It ought to set off alarm bells among more traditionally-oriented leaders across the nation.’” That 40 percent of Americans now prefer socialism to capitalism could spell major change to the policies advanced by legislators and political leaders and to the interpretations of judges ruling on the application of new and pre-existing laws.

And as I noted yesterday, Millennials are particularly attracted to socialism.  This could have dramatic implications for our society as older generations of Americans slowly die off.

Unfortunately, there is just one huge problem with socialism.

It doesn’t work.

If you want to see the end result of socialism, just move to Venezuela or North Korea for a while.

In socialist nations, there is very little incentive to work hard.  Instead, people tend to become very lazy and expect the government to provide everything that they need.

When people work hard and are productive, the overall wealth of a society goes up.  And when people sit around and wait for someone else to provide for them, the overall wealth of a society goes down.

Would Mark Zuckerberg have worked so hard to develop Facebook if he knew that the government would just come in and take most of the money away so that others could have a “universal basic income”?

Yes, we want to do all that we can to reduce poverty and to build a strong, vibrant middle class.

But socialism is not the answer and it never will be.

 
  • aldownunder

    Yes, we want to do all that we can to reduce poverty and to build a strong, vibrant middle class.

    The middle class is an endangered species and will be extinct by 2050 worldwide
    Rich and poor NWO agenda,has been for years

    • socalbeachdude

      If you want to see a return of the so-called “middle class” in the USA then BENEVOLENT PATERNALISM will have to return to the national priority and anti-trust laws will have to be used to bust up the corporations that control the US.

  • gfmucci

    Zuckerberg lives in an alternate universe devoid of physics, economics, mathematics and common sense as we know it.

  • gfmucci

    Some folks favor the left brain, some the right. Some use neither.

    • marlene

      LOL

  • thechaosdjinn

    I guess ECON101 wasn’t taught to Zuckerberg at Harvard…

  • Henry Yiu

    But the point is, in the future, there will be robots doing all the basic works.

    • JC Teecher

      We will run out of time before that day arrives, and the new Age will not have artificial of anything.

    • socalbeachdude

      Laughably false.

  • Jeri Brace

    How old is Zukerberg? I believe you need to be at least 45 years of age at the minimum?

    • TOUJOURS DEMAIN

      Believing something doesn’t make it so.

    • PocoPete

      Zuckerberg was born May 14, 1984. The Constitution states that one must be 35 years of age to be President of the US.

      • JC Teecher

        He will be old enough in 2020, but will he be smart enough?

        • socalbeachdude

          Obviously not.

  • Clemenzza

    Great idea. We can start by confiscating every share of this left wing Heb’s stock and start distributing it to the masses.

    “From each according to his ability, to each according to his needs!”

    • marlene

      Hello Frankie, you creepy pharisee!

      • Clemenzza

        I think it was . . . “hello Carlo . . “

        • LIZ THE SHIZ

          no, it was leave the gun and take the canolis

          • Clemenzza

            That too.

          • LIZ THE SHIZ

            yes and Luca Brasi sleeps with the fishes

    • Horiboyable .

      Then wait for Atlas to shrug

  • BeenThere

    Obviously, on a right wing web site, Zuckerberg is going to be rubbished for this. While I don’t like the guy as such, he and other technologists are seriously warning us about a workless future. Read what they say. There will be almost no jobs in the future. For good reasons they have stated, the new technology will not this time create new jobs such as the old technologies (mechanical, electrical, analogue electronics etc) did. What then do you want to do with the displaced workers? Kill them? What use will the new technology be in producing goods and services for people who are starving and can’t afford them or dead? Please don’t give me the usual it will create new jobs. It won’t.

    • Horiboyable .

      They can wash my car and do my garden if they can get out of bed and keep an appointment.
      Or learn new skills or up skill to meet the new challenges.

    • awb22

      There will always be more work than people are ready will and able to do. Wealth inequality is the real crime here, and what to do about that is the real issue. Why worry about what hasn’t happened, and won’t. There will be jobs servicing and installing equipment. Maybe fewer menial jobs, which isn’t a bad thing, considering everyone will have a college education.

      • TheLulzWarrior

        The workplaces will be better when it isn´t spammed with lazy slugs.

        Just imagine if the welfare classes today were put into the workplace, it would be pure hell.

        • awb22

          uhh, wah? So, you would rather pay them not to work. Asinine.

      • socalbeachdude

        So-called “wealth inequality” has ALWAYS BEEN A PART OF AMERICA and is obviously in no way a “crime” at all except to rabid deranged socialists in their own tiny little “minds.”

        • awb22

          I’m sure it’s all lawful gain, presupposing what is legal.

          • socalbeachdude

            You appear to be quite confused and conflicted as to your assertions.

          • awb22

            And you’re quite the little troll, aren’t you?

          • socalbeachdude

            Huh? Your confusion is extreme above.

          • awb22

            Which part is confusing? It isn’t my job to educate nor entertain you, troll.

          • socalbeachdude

            If you can’t see that you are just hopeless.

          • awb22

            and you’ve only proven my initial assertion, troll.

          • socalbeachdude

            What utter nonsense, dude or dudette.

          • awb22

            It’s not nonsense at all, bum.

      • Babycatcher

        The thing I hate about the term “wealth inequality” is that it supposes that all people would or should earn the same thing. Nothing could be farther from the truth! Those who work hard,without stealing their ideas from others, should be able to benefit from their labor and willingness to take risks. Those who want to sit on their rears should get nothing. I mean nothing. No ebt, food stamps, pell grant, housing, NOTHING, unless they work for it, 35 hrs or more a week. I’ve been there, done that worked for minimum wage while I raised three children, then went back to school myself. If I can do it, nearly anyone can, if they put their minds to it.

        • awb22

          It doesn’t suppose anything of the sort. The financial class doesn’t produce anything, so that is where your argument about getting something for nothing applies. Welfare must be cut, not eliminated, but that doesn’t solve or create inequality. When you take no risk, i.e. privatizing the gain and socializing the loss, then you have a system that is out of balance. That is all.

          • socalbeachdude

            Laughably false.

          • awb22

            You’re in denial, troll.

          • socalbeachdude

            Hardly, and again you’re totally confused!

          • awb22

            You’re the one that’s in denial, and projecting. Although, I’m not convinced either is entirely accurate, troll is likely the best and most apt bin in which to file you, the one that flushes.

          • socalbeachdude

            Oh, go buy a clue somewhere.

    • TheLulzWarrior

      My own thinking is that the workplace would be dramatically improved.

      • awb22

        err, wrong. It would cost much more, throwing bad money after worse.

  • John

    Many Millennials already pay an effective tax rate of over 50%, if you include Obamacare and interest on their “government” student loans, in addition to federal, state and local taxes. They will be the first generation to be substantially worse off than their parents and grandparents. Even though the Left has (primarily) put them in this situation, they blame it on capitalism, because that is what they are told in school, in college, by the mainstream media, and by Democrats. So of course they scream for socialism.

    • BS1986

      Itll be fun to watch it meltdown around them.

    • JC Teecher

      Hold on to your hats, because the newest group of the crossover generation from the Millennials, is blowing in like a Hurricane. They are called Generation Y, or better still, Centennials. They are the age brackets born from 1995 right on up through the early 2000’s, period. They have never know life without social media and computers, not to mention cell phones/I-phones/etc.
      All seem to have the aspiration to become their own bosses, and 3% already have their own companies.

      Most from the ’95, ’96 years are straddled with college debt already, and still live with mommy, and/or daddy.
      They are part of the largest population age group in the world, and are basically late stage Millennials.
      By 2020, millions from this group will be old enough to vote, and heavily influenced by the liberal educational system.

    • TheLulzWarrior

      “They will be the first generation to be substantially worse off than their parents”

      They already are!

      • SnodtBlossom

        Wiki
        The discussion about basic income in Switzerland began in the 1980s, initially amongst academics such as sociologists who saw the potential to alleviate poverty better than the current system. But there was no major public debate in the 1980s nor the 1990s. In the early 2000s, however, things were slowly changing due to a spill-over from the German debate. Two basic income organizations were formed, “Initiative Grundeinkommen” and BIEN-Switzerland, and one ATTAC-group also became advocates. These organizations had some success, including some articles in national newspapers.[12] The petition calling for a referendum on basic income as a constitutional right was started in April 2012. After six months 42,000 people had signed, and by April 2013 there were approximately 70,000 signatures.[13] By October 2013 more than 130,000 citizens had signed, meaning a referendum on the issue had to be held. Publicity included a truck filled with eight million coins emptying the money in front of the Federal Palace in Bern.[14] Even though the initiative’s official text submitted to the vote did not specify any level, the campaigners proposed 2,500 Swiss francs for adults (about 1,650 USD at PPP in 2014) and 625 francs for children per month

    • socalbeachdude

      Interest on debt including student loans is NOT TAXES nor are premiums paid for medical expense insurance.

      • rouge1

        Interest is Usury tax.

        • socalbeachdude

          Obviously and laughably false. INTEREST IS THE TIME COST OF MONEY. Who in their right mind would loan their own money to anyone else without charging a time cost (interest) for doing so?

          As to usury that is defined as the OVERCHARGING OF INTEREST to borrowers and is certainly not a tax at all.

  • Aeffesstoo

    Sure, good idea. But let’s take it a step further. Let’s make it so no one can make any more than this “basic income” either in their salary or in any benefits from their job.

    • marlene

      It would be for ‘all’ Americans who don’t earn a basic income – a redistribution of wealth.

  • Richard

    I think the real problem that the country has is that politicians have been following policies of neoliberalism and globalization.

    This has caused the US to lose millions of jobs in favor of taking those jobs to other countries where wages are lower.

    However the universal basic income is indispensable since the automation due to artificial intelligence and machines will be that most people lose their jobs in favor of machines that do the job faster, with fewer errors and less expensive than the Human workers.

    • marlene

      Welfare is a form of “basis income” and no individual or family can live off it for more than 2 weeks out of the month.

      • socalbeachdude

        Huh?

    • socalbeachdude

      It is not the responsibility of the US government to create or provide jobs or income for anyone.

  • JC Teecher

    It is plain as the fingers on my hand, where this is headed with Zucker.

    He has a social media giant that draws people in like a moth to flames.
    Even grannies are now addicted to faceplant. Ever notice that they are moderating and censoring anything they deem as hate speech. You better believe that anyone that is censored, is also identified and isolated for future references.
    Zucker has a sort of Bill Gates crossed with a George Soros mentality, and uses his power through his money to attract followers. he wants to transform the World to his ideology that is not based on God’s laws or plans.
    he is the perfect candidate, because he appeals to the left, right, middle, and the younger Gen xers, Millennials, and the newest group, the Centennials. The majority of Centennials know more about Zucker, than they do about Jesus Christ.
    He is appealing because of his boyish looks, and has a certain amount of Charisma about him as well.

    He is the perfect match to align with the one that is soon to come as the leader of the world that has an answer for all the worlds problems and issues. The one that will have access to everyone’s most personal information, as all that is being accumulated and digitally saved as of this very moment. There is just one big difference, the one to come appears like the lamb slain, and has supernatural powers, like snapping his fingers and making lightening come down from the sky.
    He too will appear young and handsome, and all the ladies that have not the seal and covering of the true Messiah, will all whore after him and his little band of sweet looking, and seductive talking, devils. They will be a sight to see, and although being in spirit bodies, they have “mass’ just as they did in Noah’s day, and will be taking many females and effeminates in the carnal way, and will be able to electrify the crowds.

    Buyers and followers, Beware.

  • Mondobeyondo

    Ummm… isn’t that called socialism?

    • marlene

      YEP!

      • Bill

        I smell Soros

        • socalbeachdude

          I smell swamp gas coming from the Trump White House.

  • marlene

    Those seeking the presidency say the darndest things! Taking his lie further to its ‘unintended’ consequences, this could lead to ‘all Americans’ being forced to pay their ‘share’ of the debt to the point of leaving us with even less than we now have. And leaving the federal government with a clean slate to borrow trillions more for the next generations to pay.

    • marlene

      If we printed our own money, almost all of us would have a basic income – the money that’s left AFTER paying our bills! Beware Zuckerberg and Sanders bearing communist gifts – they come inside a Trojan Horse.

      • socalbeachdude

        Nope.

        • marlene

          Dope.

  • Joe soap

    If he’ll cut me a monthly cheque for a basic $5000 I’ll say thanks, thanks a lot.
    Oh! Its not going to come out of his pocket? Oh! I see its going to come out of someone else pocket!
    In other words its just another socialist vote buying scheme, what a worthless POS.

    • JC Teecher

      Forbes rag report…..
      “In the first two weeks of 2017, the Facebook founder’s net worth has soared by nearly $5 billion, by far the biggest gain of any person in the world.

      As a result, Zuckerberg, who owns 410 million company shares, has more than recouped the losses he suffered in the weeks following Donald Trump’s election, when his net worth fell 7% to $49 billion. He is now worth an estimated $53.8 billion, according to FORBES’ real-time rankings of the world’s billionaires, and clocks in as the planet’s fifth-richest person; Zuckerberg trails only Bill Gates, Warren Buffett, Jeff Bezos (Amazon) and Amancio Ortega of Spain, each of whom holds a fortune of more than $70 billion.”

      • Rick

        Make no mistake, it still is not enough for them. Most of these selfish SOB eugenicists won’t be happy until 7,900,000,000 of us are killed off. And then they will still be unhappy because their seed is from satan himself.

        • SnodtBlossom

          Why Switzerland’s Universal Basic Income referendum matters, even though it failed Jim Pugh Quartz
          Today, Switzerland is the first country in the world to vote on Universal Basic Income (UBI)—an income floor for all Swiss residents through cash transfers from the government. Here’s what you need to know to understand today’s vote, as well as the growing basic income movement in the United States and beyond. Polls show that the referendum has practically no chance of passing, but that doesn’t mean we should ignore it

          Switzerland is voting on a referendum to provide a basic income to all Swiss citizens. Experts suggest it would amount to 2,500 Swiss francs ($2,550) a month for adults and around $625 a month for kids. The vote is on a binding public referendum to add basic income to the Swiss constitution, in addition to the existing social safety net.
          A “Yes” today would be a public mandate to the Parliament to provide a detailed implementation plan. This would provide a basic income to all Switzerland’s residents, allowing them to survive through job transitions, caring for a sick relative, new babies, and throughout their lives.
          Campaigners never expected the referendum to pass, but they see it as a key educational opportunity for the concept of basic income.

          A recent poll done by DemoScope, in January 2016, showed 59% of people under 35 (link in German) believe basic income will become reality in Switzerland. ..
          As income inequality becomes more and more extreme, fewer people have money to buy things. But we need a broad consumer base to ensure jobs and keep businesses afloat. ..

          In April, hundreds of people dressed as robots marched through the streets of Zurich calling for a basic income in the face of increasing job loss to automation.

          Bringing the debate to the United States
          Driven by today’s vote in Switzerland, talk of universal basic income in the United States is picking up steam. Y Combinator, one of the world’s most powerful start-up incubator, is planning a study where they provide a group of people with a full basic income for five years.The Universal Income Project, which I co-direct, is organizing Create-a-thons across the US, where supporters channel their creativity to raise awareness and support for the idea. One of the projects emerging from these events was “My Basic Income,” which gave away a crowdfunded, one-year $15,000 basic income to one person at an event in San Francisco last week.
          While we are prepared to lose today’s vote, the Swiss campaign has proven that referendums and ballot measures are an extremely effective education tactic on universal basic income, and that today is only the beginning of a new dawn for basic income.

          • LIZ THE SHIZ

            sounding very socal snodty , don’t forget which commenter you are, or you may not get your 1penny per post!!

          • SnodtBlossom

            there you are, spewing your spawn

          • Rick

            You replied to me totally off topic, but if you earn 1 penny for every reply you garner, then consider this my charity to you. And by the way for my 2 cents worth, I’m totally against what you put forth here. You’ve got to explain who pays for the “projects”‘which give out arbitrary money to people. Is it me? Is it you? Tell us please.

          • SnodtBlossom

            I don’t need your charity

          • socalbeachdude

            Huh? Obviously TAXPAYERS HAVE TO PAY for any government spending of any kind.

      • socalbeachdude

        Nearly all of Yucky Zucky’s so-called “wealth” is based on the MARKET CAPITALIZATION of Farcebunk STOCK which can and will CRASH just as quickly as it rose and it does NOT REPRESENT REAL MONEY AT ALL and cannot be converted into real money.

        • Zlatko Milanovic

          Why can’t Zuck just go buy a bunch of gold? He could…

          • socalbeachdude

            Why would he want to buy a PLUNGING LITTLE NICHE FUNGIBLE COMMODITY?

            Gold is a PREPOSTEROUS AND ABSURDLY OVERPRICED fungible little niche commodity and is headed towards and to its mean of $456 per ounce and then much lower.

            At any price above $456 per ounce gold is preposterously overvalued and that speculative froth will rapidly be blown off the top.

            THE ISSUE IS THE PROPER PRICE OF GOLD.

            An array of reasonable historical metrics can be used to establish the proper price of gold, including:

            1) Its historical mean which would put gold right around $456 per ounce

            2) Its 16:1 historical ratio against silver which would put gold right around $276.48 per ounce based on silver being around $16.60 per ounce

            3) Its inflation adjusted price today from its last stable historical price of $35 per ounce in 1971 which would put gold right around $386 per ounce.

            4) Its current official US government price of $42.22 per ounce which is how the approximately 8200 metric tonnes of US government gold are valued:

            http://www.fiscal.treasury.gov/fsreports/rpt/goldRpt/current_report.htm

          • Zlatko Milanovic

            Ok man, you don’t have to buy any…

          • rouge1

            It’s not that gold is over valued it’s that your fiat currency from the global money changers is worthless.

          • socalbeachdude

            Laughably false. Gold is preposterously and laughably overvalued at any amount above $456 per ounce.

          • rouge1

            Gold has rarity and the federal reserve notes value is people’s misplaced confidence. Production cost was around $800 an oz in 2016.

          • socalbeachdude

            So does dinosaur dung as to rarity.

            The very fact that gold is scarce and the fact that all of the 180,000 metric tonnes ever mined in the world can fit into two Olympic size swimming pools is what makes it TOTALLY USELESS as any form of “currency” not to mention that it is a THINGY which cannot be transmitted electronically like all digital currencies and its FATAL FLAW in that it is one of the most EXTREMELY VOLATILE METALS in the world making it VERY DANGEROUS as any sort of thing related to currency.

            FYI, there are now more than 7.5 billion people in the world and the total amount of gold divided among them would be less than 1/12 ounce per person for a per capital value of less than $100.

  • Horiboyable .

    Mark is a clown.

    • SnodtBlossom

      6/5/16 BBC
      Swiss voters have overwhelmingly rejected a proposal to introduce a guaranteed basic income for all.
      Final results from Sunday’s referendum showed that nearly 77% opposed the plan, with only 23% backing it.
      The proposal had called for adults to be paid an unconditional monthly income, whether they worked or not.
      The supporters camp had suggested a monthly income of 2,500 Swiss francs (£1,755; $2,555) for adults and also SFr625 for each child.
      The amounts reflected the high cost of living in Switzerland. It is not clear how the plan would have affected people on higher salaries.
      The supporters had also argued that since work was increasingly automated, fewer jobs were available for workers.
      Switzerland is the first country to hold such a vote..

  • Bill

    Are there any left wingers who have a work ethic? Are there any right wingers who don’t have a work ethic?

    What a convoluted country we have…….

    • SnodtBlossom

      Silly

    • ISA41:10

      To the mentally disordered Left, anyone who believes in Judeo-Christianity, capitalism, Constitutional government, individual liberty, property rights, a national defense second to none, secure borders, a balanced budget, fiscal sanity, and the limited federal government as envisioned by the Founding Fathers, is considered a “crazy.”

      Liberalism truly is a mental disorder!!!

      • SnodtBlossom

        Dan Tynan 5/15/12
        In a surprise development, 26 28-year-old Facebook founder Mark Zuckerberg has declared himself a citizen of Switzerland. The move comes just days before an initial public offering that is expected to net Facebook more than $100 billion and make Zuckerberg one of the richest men on the planet.

        Through a spokesman, Zuckerberg said that his move “had nothing to do with avoiding paying billions of dollars in capital gains taxes, and everything to do with Mark’s profound respect for Switzerland’s stance on international neutrality, as well as his fondness for chocolate, yodeling, and lederhosen.”

  • Deceived

    Does it matter what anyone gets paid if it’s in the power of a few to control the money supply? Seriously, we’re talking about fiat currency here. When in history has fiat money been good for the people? We’ve been deceived.

    • socalbeachdude

      Absolutely false.

      • PocoPete

        Fiat currency is backed by the “full faith and credit” of the issuer. All issuers promise that they will never abuse the currency or just print it in massive quantities backed by nothing. But power corrupts, and eventually an “emergency” will arrive that “justifies” massive printing of the currency. It’s human nature. And once the “full faith and credit” of the issuer is destroyed (the natural consequence of printing currency backed by nothing), then the paper assumes it’s actual value (nothing).

        You can’t just print gold out of thin air, so it can’t be abused in this manner.

        • Deceived

          Thanks PocoPete. I didn’t have the patience to explain it but you did an excellent job. I think the reason we do t

          • socalbeachdude

            Laughably and preposterously false.

        • socalbeachdude

          Any and all currency of any sort is FIAT CURRENCY. So what? All currencies are backed by the current and future assets and current and future labor and productivity of the citizens of the issuing country and the US is by far the largest single country economy in the world with an $18 trillion GDP with no other country even coming close.

          The US government CANNOT PRINT ANY CURRENCY AT ALL other than the US Treasury physically printing currency on contract through the Bureau of Engraving which is part of the US Treasury and not a single dollar can be printed by the US Treasury itself.

          As to gold, it is just a tiny little niche fungible collectible commodity with very little value relative to the global assets and, in fact, even at today’s preposterously inflated prices for gold, all of the 180,000 metric tonnes of gold ever mined is worth less than $7 trillion which is LESS THAN 1% OF CURRENT GLOBAL ASSETS and of absolutely ZERO FINANCIAL RELEVANCE.

          • Deceived

            Wrong. All currencies are not backed by assets. Some currencies are assets in and of themselves. I can’t believe you are so gullible. You actually believe those GDP numbers put out by banks who have all their skin in the game? Gold has been a currency for far longer than any fiat currencies have. I like gold because it levels the playing field. Gold supplies are not elastic like fiat currency. I guess it’s the equal weights and measures principle. How do we ever prosper if money can be artificially inflated? I’m starting to believe that you may be an investment banker. That you may have a bias in this current system. I am broke and getting poorer by the minute. Army vet. College educated. I’m getting robbed and my kids are getting robbed through a criminal banking system.

          • socalbeachdude

            I’d suggest you learn about the MONEY MULTIPLIER EFFECT as money moves through an economy. Money is not a fixed thing that stays stuck at one level but increases as it moves through an economy with the key to those increases being VELOCITY.

            The so-called “gold standard” was just a very brief 60 year failed experiment from 1873 until 1933 at which time it was totally discard for any domestic use in the USA. The US economy has moved vastly beyond the value of a tiny little niche commodity such as gold for which the total value of all of the gold ever produced in the world is less than $7 trillion and we now live in a $72 trillion a year global economy with the US being an $18 trillion a year economy. Moreover, 70% of all gold ever mined is privately held in JEWELRY widely distributed around the 7+ billion people of the world.

            The US long used a “silver standard” until that was discarded around 1870 and briefly replaced with the so-called “gold standard” which was totally discarded domestically in the US in 1933 as an entirely failed experiment. No currency can be limited to the production of some irrelevant “thingy” commodity such as gold or anything else when the population of that currency’s country is vastly expanding as was the case of the US by the 1930s.

            Artificially constraining the growth of money supplies while the population is growing substantially CAUSES DEPRESSIONS and causes countries to fail economically.

            The US dollar is the GLOBAL CURRENCY that is used in more than 83% of all global transactions and is held as 63% of currency reserves throughout the world and that will continue to be the case for the foreseeable future.

  • Thomas D Guastavino

    We already have a “universal income” system. Its called childhood. Parents support their children under the supposition that eventually they will support themselves. The real danger is when childhood never ends which is what our government is already doing and the last thing we need is more of it.

  • Hyakkidouran

    If you think about it, people like Zuckerberg have become rich because they worked with both the finance sharks AND the government. Since the Snowden leaks, we know the big Internet companies have accepted money from the NSA in exchange for giving access to their database.

    They just believe that what worked for them can somehow work for everybody, which is of course a dangerous and childish delusion.

    Hell, maybe I wouldn’t even have been laid off if my company had sold out to the governement like Facebook did, who knows…
    Isn’t it great how the people who claim to know the world and want to rule us are the people who actually know the less about the world, since they had very particular and favorable circumstances that nobody else get?

  • awb22

    He should explore that at book of faces.

  • Bob Smith

    And what does this idiot think about the cost of EVERYTHING? DUH

  • bc

    There’s no limit to the insane ideas these liberal idiots will dream up…this sounds like a sure road to a global technocracy and early death for the useless idiots that buy into it. If people don’t need to work then the robots will take over and there will be no need for people. They will be exterminated.

  • amongoose

    Since you, as obama say’s, have made enough money, how much of your fortune are you going to donate to the cause?
    Here is another idea fer ya zuckie, how about you hire a thousand or so of them, pay them, and don’t require them to work, fakebook and you can afford that right?
    After all that’s what you want us to do, if your so sure of the merits of your idea, lead by example, pay folks not to work, on your own.
    Show us how well it works.

  • guest

    There is nothing “left wing” or right wing about this. Swiss voters recently rejected such a proposal but it’s coming and soon. Human labor is rapidly becoming obsolete and jobs, especially minimum wage jobs, are vanishing. As the Agenda 21 goals are implemented we will all be herded into urban stock pens, given our bucket of oats and wile away our days watching sports and “reality” TV while complaining about the injustice of having to live without a wider screen. For many the resultant state of physical and mental atrophy will be paradise.

  • LIZ THE SHIZ

    let’s start with Zucky’s 55 billion after all he created the biggest scam going that produces absolutely nothing except the distruction of direct human contact

    • SnodtBlossom

      I’m sure you would be near the bottom of his distribution list NaziSpawn

      • LIZ THE SHIZ

        oh snodt, looking at your new avatar photo I can only say call the bug exterminator

  • Gails Waters

    I want to scream! . The solution to our economic and social problems is ditching income tax and close the 900 miltary bases worldwide and stopping the wars. Put a big part of that money to work for making human existence prosperous
    Forget all these “new” ideas. They are a waste of time. The solution is this simple

    • socalbeachdude

      Federal income taxes in the USA need to be INCREASED SUBSTANTIALLY without further delay and/or federal government spending needs to be cut very substantially.

      Only 20% of the US government annual spending is for total military spending with 16% for actual military spending and 4% for Veterans Benefits.

      The biggest part of the spending is SOCIAL PROGRAMS including the Social Security and Medicare insurance programs which are NOT ACTUARILY SOUND and which are paying out vastly more than they have taken in with payroll taxes.

      A summary of the fiscal 2015 US federal government expenditures totaling nearly $4 trillion is as follows:

      WELFARE & MEDICAL (63%)
      33% Social Security, Unemployment, Labor
      27% Medicare & Health
      ..3% Housing & Community

      MILITARY (20%)
      16% Military
      ..4% Veterans Benefits

      INTEREST ON DEBT (6%)
      ..6% Interest on Debt

      FOOD & TRANSPORTATION (6%)
      ..3% Food & Agriculture
      ..3% Transportation

      EDUCATION & SCIENCE (3%)
      ..2% Education
      ..1% Science

      ENERGY, ENVIRONMENT, & INTERNATIONAL (2%)
      ..1% International Affair
      ..1% Energy & Environment

      OTHER EXPENSES (1%)
      ..1% Government Expenses (general)

      The complete breakdown of Fiscal 2015 expenditures is extensively detailed including actual numbers as well as pie-charts with various percentage breakdowns as to discretionary and non-discretionary expenditures at:

      https://www.nationalpriorities.org/budget-basics/federal-budget-101/spending/

      Unless you cut at least $1 trillion of that federal government spending, the US government will continue running up deficits and not have balanced budget and even if it does cut $1 trillion of spending there would be no room at all to lower federal taxes.

  • Pastor Bob

    Among other things, Facebook can become a glorified social network gossip column. Like other forms of media it can be used to bring glory to God or bring glory to the things of this world. Unfortunately the latter dominates this form of social media. As for me and my house-we do not Facebook.

    • Jeri Brace

      my wife does but i refuse to use any type of social media including facebook

  • JC Teecher

    Off topic, but shows how far we have come, and then gone, in society in a few short decades.

    Dorothy Counts Heckled (picture indicates she is obviously very upset))
    The first black girl to attend an all white school in 1957 is being teased and taunted by her white classmates at Harry Harding High School.

    Kathrine Switzer (picture indicates several men were trying to hold her back from finishing)
    Race organizers attempt to stop Katherine from competing in the Boston Marathon in 1967. She became the first woman to finish the race.

    I’ll Allow It Into Evidence (picture is of a woman bending over, with her dress pulled up, showing the Judge her rear end with what looks like a bikini swim suit bottom)
    In 1983, a Police sting operation arrested 3 exotic dancers for allegedly breaking the Counties nudity ordnance. The judge presiding over the trial allowed a dancer to bend over to show the judge that her outfit did not expose her bird’s nest. The judge agreed.

    Hey Ladies, You have come a long way baby!
    Just in time to see the liberals crash the whole shebang.

    • Carl

      Teecher you are indeed an idiot. Your hatred of women is very apparent based on your comments.

    • JC Teecher

      I see the village idiot is up and spewing more vitriol. Thank God I don’t have to see it. How does it feel?
      When you’ve been blocked into oblivion….obi wan?

    • socalbeachdude

      What utter nonsense.

  • Rick

    There’s an old story from the old communist Soviet Union, and make no mistake, whether you call it socialism or communism, it is (or will very quickly be) the same thing. It goes like this: when a soviet farmer was asked why farmers in his country (state) weren’t as productive as farmers in the USA? He replied because in our country when we see giant thunderstorms on the horizon at 5:00pm, we go inside and punch out for the day. Our 8 hour shift is over. Then the rain and hail and storms come and destroy our crops. In America, the farmer owns his land, and his farming business, and when he sees the storm clouds on the horizon, he stays out to bring in the crop, to prepare and protect his investment, even at 5:00pm, his work is never done, but at the end of the day (season), he has something to show for his work. He’s produced something of value for his efforts. His family and country benefit.
    There my friends you have the difference between state owned communist workers, and free hard working people who are allowed to own land or businesses in a free market.

  • Ludwig

    Ludwig Von Mises: ‘There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.’

    • socalbeachdude

      Generally true.

  • pulltheweeds

    It’s the old “a chicken in every pot” gimmick.
    Ross Perot was right about the political and economic snakes among us.

    • JC Teecher

      It does sound like a gimmick, but when things go from bad to worse, to about as low as you can go economically, a leader that promises to make every man, woman, and he/she…she /he, on earth, debt free, and throw in a new car; he will get a majority of folks on his train.

      That is precisely how the ole dragon will persuade everyone, but those with gospel armor on, to pay allegiance to him. Heck, even most of them believe he is definitely Christ, come to “rapture” them, so they are eager to run to his train of deceit.

      It may sound a little far fetched right now, but believe me, the world has not even begun to see the beginning of sorrows. When that day comes, and it will; the world will be eager to get some relief…any relief.

      Just remember folks:
      The majority of the USSAG voted for an unknown man that turned out to be a muslim/queer, and then loved him so much, they voted for him again. He did nothing to help Americans, except those wanting more freebies and easy access to more dope. The country wasn’t in all that bad of shape before him, and the banking thing would have worked itself out, without all those bailouts and trillions wasted on crony companies and faux infrastructure programs.

      The bottom line is, people are crazy stupid, and when they hit bottom, they will fall even further down the rabbit hole for a saviour like zuckey.

      • socalbeachdude

        Those matters are certainly not the issues or problems of the US government to do anything about at all.

  • Chef Sp

    The problem with basing a career solely or largely on personal satisfaction is that:
    i) you may not find it satisfying at all
    ii) you may at first but not later
    Mark Zuckerberg is right…luck has a lot to do with success…but so does looks…so should we give all the good-lookin’ people a busted nose and a fat lip? Should we give all the intelligent people a lobotomy (which would give the dems the WHite House for the next 1000 years)?
    No.

  • ShrinkTheState

    I’m sure this clown doesn’t know who George McGovern was, but he proposed $1,000 a year for every man, woman and child as a minimum payment. He was slaughtered by Nixon. Now the country is far less free and more collectivist now, but I can’t image there are enough blithering morons that vote to give this any chance.

    • awb22

      It was voted down in Switzerland.

      • socalbeachdude

        Yep, by a huge margin.

  • Maybe little punk Mark could start the trend of a universal basic income by giving 99.9% of his wealth away to “help” all those less fortunate than him.

    • socalbeachdude

      Splendid idea!!!

  • Carl

    Zuckerberg can’t be any worse than the moron we elected as president.

    Who talks like this?:

    Citing unidentified attendees, Spiegel quoted Trump as saying that “the Germans are bad, very bad” and adding “look at the millions of cars that they sell in the U.S. Terrible. We’re going to stop that.”

    Honestly I don’t think the man is capable of talking in complete and coherent sentences. A three year old could articulate better than him.

  • Stan

    Capitalizm is definetely better. That’s hwy 100 million americans don’t have permanent jobs.

    • socalbeachdude

      More than 100 million Americans HAVE NO JOBS but that is not a government matter to provide anyone with jobs.

      • PocoPete

        The opening paragraph of Section 8 of the Constitution grants Congress the power to raise taxes to, among other things, “provide for the … general welfare of the United States.”

        • socalbeachdude

          So what? That has nothing whatsoever to do with the US government SPENDING FAR BEYOND ITS MEANS AND REVENUES which is precisely what it has been doing for the past 40+ years.

    • JC Teecher

      True Capitalism must have at it’s core, a complete moral value system by all that participate; otherwise it becomes crony capitalism.
      Today, we have a crony political capitalists society, that is flirting with socialism. the cronyism will never leave until the whole system implodes, but the socialism part, can be chipped away at, little by little and incrementally, just like it has grown to what it is today, by yearly increments.

  • Alex

    Most people here may feel like this idea of a Universal Basic Income will require taxation and the transfer of money from one group to the other. It doesn’t have to be this way. The banks are allowed to create money out of thin air without taxation. They create it as debt to someone else. Now we as a country can try something else and allow so much money to just be created…no debt…no taxation. ..but limited growth in the money supply so that everyone of a certain age will get say $2000 per month as their right as a citizen. If you want to make more, then you would work for it. This concept is not capitalism, nor socialism…but instead is a new hybrid…called Capatalistic-Socialism. My definition. What do you think?

    • socalbeachdude

      Laughably and TOTALLY FALSE. No bank can ever “create money out of thin air” at all and RESERVE REQUIREMENTS set by the Federal Reserve in the USA stipulated that NO BANK MAY EVER LEND OUT MORE THAN 90% OF ITS CUSTOMER DEPOSITS.

      • PocoPete

        The Federal Reserve creates money “out of thin air” by writing checks to pay for government bonds even though the FED has no actual funds to cover the checks.

        The Federal Reserve uses open-market operations to either increase or decrease reserves. To increase reserves, the Federal Reserve buys U.S. Treasury securities by
        writing a check drawn on itself. The seller of the Treasury security deposits the check in a bank, increasing the seller’s deposit. The bank, in turn, deposits the Federal Reserve check at its district Federal Reserve bank, thus increasing its reserves. When a bank increases it’s reserves it can loan more money due to the
        magic of fracional reserve banking. When the Federal Reserve writes a check for a government bond it does exactly what any bank does, it creates money, it created money purely and simply by writing a check.

        • socalbeachdude

          Your utter ignorance regarding the Federal Reserve is beyond mind boggling. The Federal Reserve does no such things as you falsely and laughably assert at all.

          The Federal Reserve DOES NOT MONETIZE THE US GOVERNMENT DEBT AT ALL and only owns about 14% of the outstanding US Treasuries issued by the US government which now total around $20 trillion, and the Federal Reserve only buys about 8% of the newly issued US Treasuries of around $7 trillion every year in order to replaced matured US Treasuries.

          Bank reserves in the US are now at EXTREMELY HIGH LEVELS and there are more than $2.5 trillion in banks’ EXCESS RESERVES ACCOUNTS inside the Federal Reserve as a result of the QE operations plus another $1.3 trillion in the primary reserves accounts of the member banks in the USA.

          There is no such thing at all as you assert in regards to “fractional reserve banking” and what you are referring to is RESERVE REQUIREMENTS set by the Federal Reserve which simply mean that NO MEMBER BANK CAN EVER LOAN OUT MORE THAN 90% OF ITS CUSTOMER DEPOSITS and must always keep 10% of those deposits in cash reserves.

          The total M2 money supply consisting of checking and savings accounts in US member banks is now about $13.5 trillion and those banks have the required $1.3 trillion in their PRIMARY RESERVES ACCOUNTS inside the Federal Reserve plus another $2.5 trillion in their EXCESS RESERVES accounts inside the Federal Reserve for a total of around $3.8 TRILLION IN RESERVES against the $13.5 trillion of customer deposits.

          Banks NEVER CREATE ANY MONEY OUT OF THIN AIR AT ALL and are in the business of LENDING OUT CUSTOMER DEPOSITS. Presently, due to VAST EXCESS RESERVES, the outstanding loans to customer deposits ratio at US member banks is an extremely low 67%.

          • PocoPete

            Perhaps this explanation of how the Fed creates money out of thin air will make things clearer. When the government’s expenses exceed its income the Treasury Department issues bonds. These bonds are sold at auction to make up the shortfall. Foreign governments are major buyers, but so is the Federal Reserve – and here is what is meant by “creating money out of thin air”: When the Fed buys $1 million worth of government bonds, it can pay for them with a check… and, unlike when you or I write a check, the Fed doesn’t need to have any money in its account – the amount of the check is “backed” by whatever its purchasing! Thus, when the Fed writes a check for $1 million, it creates $1 million in new money.

          • socalbeachdude

            You obviously have little comprehension as to how the US Treasuries markets work. I would suggest you learn about the US Treasuries markets at:

            http://www.TreasuryDirect.gov.

            Each and every year more than $7 TRILLION IN NEW US TREASURIES ARE ISSUED with around $6 trillion of the proceeds being used to pay off owners of maturing US Treasuries in full and about $1 trillion issued (last year it was $1.4 trillion) in net new US Treasuries (government debt).

            The Federal Reserve only owns a total of around $2.5 trillion in US Treasuries which is about 14% of the total outstanding and only purchases about 8% of new US Treasuries each year to replace maturing US Treasuries that it owns. The Federal Reserve does not create a single penny of funds to purchase new US Treasuries every year but rather uses the proceeds from the US Treasuries it owns that it is paid in full upon maturity by the US Treasury.

          • PocoPete

            So many years ago when the Fed was just getting started, where did it get the money to purchase its very first US Treasury?

          • socalbeachdude

            The US dollar has been around ever since 1775 which was 138 before the Federal Reserve was created in 1913. When the Federal Reserve was implemented in 1914 member banks in the US placed US dollars into their RESERVES ACCOUNTS inside the Federal Reserve with those accounts become assets of the Federal Reserve which is what created the first balance sheet of the Federal Reserve System which was comprised (and still is today) of 12 regional banks around the USA.

            Some of those assets could then be used by the Federal Reserve to purchase US Treasuries or kept in cash or used to purchase certain other assets as specified by the Federal Reserve Act.

          • PocoPete

            Being that the Federal Reserve remits almost all of its profits back to the Treasury, it would be virtually impossible for the Fed to have accumulated enough cash to be able to purchase $2.5 trillion of Treasury bonds over the course of several years.

          • socalbeachdude

            The Federal Reserve does not use its own capital / equity which is only around $60 billion to buy assets at all.

            There is no mystery whatsoever as to where the Federal Reserve came up with $3.6 trillion of cash to purchase EXISTING SECURITIES, specifically US Treasuries and MBS instruments from member banks. The Federal Reserve SIMPLY CREATED THAT MONEY FROM THIN AIR and then DEPOSITED IT INTO THE RESERVES ACCOUNTS INSIDE THE FEDERAL RESERVE OF THE MEMBER BANKS FROM WHOM IT PURCHASES EXISTING SECURITIES ASSETS.

            The balances in the PRIMARY reserves accounts of member banks of the Federal Reserve are now around $1.3 trillion plus the $2.5 trillion in EXCESS RESERVES ACCOUNTS all which are funds INSIDE THE FEDERAL RESERVE for a total of around $3.8 trillion of LIABILITIES TO THE FEDERAL RESERVE TO OFFSET AND BALANCE THE INCREASE OF ASSETS on the books of the Federal Reserve.

          • PocoPete

            So you agree that the Federal Reserve does create money “out of thin air” to purchase Treasuries?

          • socalbeachdude

            NO.

            The Federal Reserve does NOT create any money out of thin air ever to purchase NEWLY ISSUED US TREASURIES not did it do that with any of its 3 QE programs.

            The only time that the federal government gets money from the sale of US Treasuries is the INITIAL SALE OF THE US TREASURY instrument (bills, bonds, notes, and TIPS). The initial purchaser pays the federal government the purchase price at auction after which time the PURCHASER OWNS THE US TREASURIES THEY PURCHASED WITH NO FURTHER PROCEEDS EVER GOING TO THE US GOVERNMENT ON FUTURE SALES of those tradeable securities.

            The Federal Reserve ONLY PURCHASED EXISTING US TREASURIES (along with EXISTING MBS INSTRUMENTS) from EXISTING OWNERS with the $3.6 trillion it created for its 3 QE programs and NONE OF THOSE FUNDS EVER WENT TO THE FEDERAL GOVERNMENT and NO MONETIZATION WAS EVER DONE AS TO THE FEDERAL DEBT.

            Once again, I would suggest you learn about the US Treasuries markets in which MORE THAN $7 TRILLION A YEAR IN NEW US TREASURIES ARE ISSUED EVERY YEAR BY THE US TREASURY and the best resource for that is the US Treasury web site at:

            http://www.TreasuryDirect.gov

          • PocoPete

            The Fed can easily get around the requirement that it only purchase new T bills.

            The subterfuge works by having a select group of mega-banks buy the new T-bills instead of the Fed buying them itself. The mega-banks then turn around and sell them to the Fed (at a profit) who then relieves the Treasury of all but a pittance of the interest payments.

            This is just one of the shell games the Fed uses to bypass regulations.

          • socalbeachdude

            Where on earth do you come up with such total misconceptions regarding the Federal Reserve and the US Treasuries markets?

            There is NO REQUIREMENT AT ALL that the Federal Reserve “only purchase new T bills.” The Federal Reserve can purchase any US Treasuries it wants to purchase along with MBS (Mortgage Backed Securities) instruments which is exactly what it did with its QE programs.

            The Federal Reserve only owns 14% of all US Treasuries outstanding and only purchases about 8% of the NEWLY ISSUED $7 TRILLION OF US TREASURIES EACH YEAR.

            Newly issued US Treasuries have ALWAYS GONE THROUGH PRIMARY DEALERS which are 20 or so of the top largest banks in the US. That doesn’t “relieve the US Treasury” of ANY INTEREST PAYMENTS DUE AT ALL let alone your bizarre notion of “all but a pittance of the interest payments.” ALL INTEREST PAYMENTS ARE PAID IN FULL TO THE OWNER OF THE US TREASURIES and in the case of the Federal Reserve for all US Treasuries that it owns.

            There is certainly no “shell game” at all involved in these very transparent matters which you would understand if you learn about the US Treasuries markets at:

            http://www.TreasuryDirect.gov

          • PocoPete

            Of course I made a mistake in my earlier wording as you can tell by the context.

            The Fed can easily get around the requirement that it buy T bill’s only in the “open market.”

            The subterfuge works by having a select group of mega-banks buy the new T-bills instead of the Fed buying them itself. The mega-banks then turn around and sell them to the Fed (at a profit) who then relieves the Treasury of all but a pittance of the interest payments.

            This is just one of the shell games the Fed uses to bypass regulations.

          • socalbeachdude

            You are SO CONFUSED AT THIS STAGE that it is just beyond mind boggling.

            There is no “subterfuge” at all, and all new US Treasuries HAVE ALWAYS BEEN SOLD THROUGH PRIMARY TREASURIES DEALERS just as I stated clearly above. The Federal Reserve NEVER PURCHASES NEW US TREASURIES DIRECTLY FROM THE US TREASURY AND NEVER HAS.

            There is no profit of any significance to the primary dealers for the Federal Reserve purchasing US Treasuries in this STANDARD METHOD and 94% of the annual profits of the Federal Reserve itself are ALWAYS REBATED EACH YEAR TO THE US TREASURY which makes the US Treasuries owned by the Federal Reserve – which are now around $2.5 trillion in total value – INTEREST FREE TO THE US TREASURY.

            Once again, I would suggest you learn about how the $7 trillion a year in new issuance US Treasuries markets work at:

            http://www.TreasuryDirect.gov

          • PocoPete

            When many billions of dollars of T-bill transactions are taking place, it takes very little profit to add up to large sums of money. Since these transactions are risk free, it is almost like free money.

          • socalbeachdude

            The fees charged by primary dealers on US Treasuries are very small and the bank is DOING ALL THE WORK OF HANDLING THE AUCTIONS SALES which is what they are being paid to do so how is that in any way “free money?”

          • PocoPete

            They are like free money since the transactions are risk free.

  • YajChetty

    No,you are wrong. Universal basic income is not socialist only. Milton Friedman also advocated it as so-called helicopter money. Even the Nixon administration once proposed it. Major Douglas of the Social Credit movement advocated it together with full 100% reserve banking instead of the corrupt fraudulent fractional reserve banking that the world is bedraggled with now. Furthermore a universal basic income is the most intelligent way of addressing the mass unemployment that robotification threatens and together with a reduced working week is the most cost-effective way of ensuring that the benefits of Artificial intelligence is spread to the whole of society without creating a dystopian future of desperate hungry unemployed zombies.

    • socalbeachdude

      There is no such thing as “helicopter money” and the US government is already TOTALLY INSOLVENT with less than $4 trillion in assets and more than $20 trillion in debt leaving aside vast other liabilities.

      • PocoPete

        See wikipedia: “Helicopter money is a tool of unconventional monetary policy that has been proposed as an alternative to Quantitative Easing (QE) when interest rates are close to zero and the economy remains weak or enters recession. Although the original idea of helicopter money describes central banks making payments straight to individuals, economists have used the term ‘helicopter money’ to refer to a wide range of different policies, including the ‘permanent’ monetization of budget deficits which is nothing more than the old-fashioned idea of debt monetization – with the additional element of attempting to shock beliefs about future inflation or nominal GDP growth. A second set of policies, closer to the original description of helicopter money, and more innovative in the context of monetary history, involves the central bank making direct transfers to the private sector financed with base money, without the direct involvement of fiscal authorities. This has also been called a citizens’ dividend or a distribution of future seigniorage. The idea was made popular by the American economist Milton Friedman in 1969 and reinforced in contemporary times by former Federal Reserve chairman Ben Bernanke.”

        • socalbeachdude

          Bonkers Ben was the most stupid person ever to be Chairman of the Federal Reserve and knew perfectly well that the Federal Reserve was a WHOLESALE CENTRAL BANK AND COULD NEVER “GIVE” ANY MONEY TO ANYONE INCLUDING ITS MEMBER BANKS.

          The very fact that your citation says “PROPOSED” sums up the situation with this ABSURD FANTASY of “helicopter money” which has NEVER BEEN DONE AND NEVER WILL BE DONE by any central bank anywhere in the world including the Federal Reserve.

  • socalbeachdude

    Hey, if Markie wants to pay for a “Universal Basic Income” for all Americans OUT OF HIS OWN POCKET, then I’m all for it!

  • socalbeachdude

    Yucky Zucky has never been noted for being very bright.

  • socalbeachdude

    MONTANA REPUB BODYSLAMS REPORTER…THEN WINS!

    ‘I made a mistake… I’m sorry’: Republican candidate Greg Gianforte apologizes for body-slamming reporter after WINNING Montana special election despite facing assault charge

    Greg Gianforte is leading by five points in the Montana special election despite being charged with misdemeanor assault on Wednesday, the night before polls opened.

    http://www.dailymail.co.uk/news/article-4543806/Greg-Gianforte-wins-Montana-special-election.html

  • socalbeachdude

    BITTER SICK WOMAN GIVES NASTY COUGHFEST SPEECH

    Hillary Clinton has a coughing fit while delivering Wellesley graduation speech – and has to stop to demand water and a lozenge before blaming allergies

    Hillary Clinton gave the commencement address at her alma mater Wellesley on Friday – but had barely started her speech when she had a coughing fit.

    http://www.dailymail.co.uk/news/article-4545818/Hillary-Clinton-coughing-fit-graduation-speech.html

    • awb22

      She’s a coughaholic.

  • socalbeachdude
  • DeathtoFiat

    Suckerburg didn’t work hard to earn his company. He stole the idea from his college buddies and made sure only he could profit from its implementation. It’s the same model followed by Bill Gates and many other Luciferians. Even Thomas Edison stole ideas from Nikola Tesla, then monetized them for his own benefit.

    • socalbeachdude

      Yep. Bill Gates stole CP/M from Dr. Gary Kildall and then licensed essentially the same thing to IBM as MS-DOS which is the entire basis for Bill Gates’ “wealth.”

  • socalbeachdude

    Press Release
    FOR IMMEDIATE RELEASE
    May 24, 2017 Media Contact:
    Julianne Fisher Breitbeil
    (202) 898-6895
    Email: jbreitbeil@fdic.gov

    FDIC-Insured Institutions Earn $44 Billion in First Quarter 2017
    Community Bank Net Income Rises to $5.6 Billion

    Quarterly Net Income Is 12.7 Percent Higher than a Year Earlier
    Community Bank Net Income Rises 10.4 Percent from a Year Ago
    Annual Loan Growth Rate Slows to 4 Percent, On Par With Nominal GDP Growth
    “Problem Bank List” Falls to 9-Year Low

    “The banking industry reported largely positive results for the first quarter, but the operating environment continues to pose challenges for banks.”
    — FDIC Chairman Martin J. Gruenberg

    Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $44 billion in the first quarter of 2017, up $5 billion (12.7 percent) from a year earlier. The increase in earnings was mainly attributable to an $8.8 billion (7.8 percent) increase in net interest income and a $2.1 billion (3.4 percent) increase in noninterest income. Financial results for the first quarter of 2017 are included in the FDIC’s latest Quarterly Banking Profile released today.

    Of the 5,856 insured institutions reporting first quarter financial results, 57 percent reported year-over-year growth in quarterly earnings. The proportion of banks that were unprofitable in the first quarter fell to 4.1 percent from 5.1 percent a year earlier.

  • TI

    Whata idiot! What else do you need to know about fakebook?

  • James

    You mean the overall wealth of the 1% goes up, not the overall wealth of society as mentioned in the article. I am wondering what the 1% including Zuckerberg would be able to spend all that money on. I could not even think of all the things I could possibly buy. I wouldn’t want all the crap that we could potentially buy anyways. So, why can’t these 1% donate most of their money to help offset the national debt, help the poor and sick? They could still live a rather comfortable life on what is left.

  • Jeri Brace

    universal basic income. sounds to me like communism. the former soviet union did this & we seen how it worked for them.

  • tacoma

    There are all kinds of capitalisms. From extreme fundamentalist (like the U.S.) to very diluted ones (like Sweden, Finland). After all capitalism simply means take money to invest for a profit. You can invest 1% of GDP or 100%.

    Then there are all kinds of socialism. Socialism means take money to invest for social good, profit being secondary or non-essential. Right away, the government (regardless of political system) is socialism. It takes people money and invest to run itself non-profit. You can have 20% socialist government like the U.S. or you can have 50% like most of Europe.

    And you can have a complex mixture of socialism and capitalism like China. It is doing very well thank you. By complex I mean unusual, unique. See China uses capitalism to generate great wealth, then spend a large chunk of this wealth to lift the poor out of poverty into the middle class, who will generate more wealth. Taking such massive amount of capital to spend it on people without profit is pure socialism. It is people socialism, as opposed to American style government-corporate socialism. Doing this in the U.S. is impossible. But doing this in China is welcome – because it is paramount on Communist political ideology. I.e. wealth must be shared because people and society is paramount. While in U.S. wealth is never shared because money-profit is paramount, people and society secondary, or even non-essential.

    In the past 30 years China lifted 500 million people out of poverty into the middle class. In the national convention recently ended, China government announced long term goal to lift another 500 million people up one class. This kind of policy is called Communism – the commute of people being paramount.

    I leave readers to find out how many people America have lifted up one class the past 30 years.

    • JC Teecher

      I believe the question should be…how many people has the gov lifted up one class?

      It has helped some upper middle class into the wealthy elite class, as soon as they became crony politicians, or lobbyists for such.

      America, as a capitalistic/free enterprise, system, doesn’t lift people out of any class, or cause them to drop down into any class, but it does provide the environment for people to work themselves up.
      If not for cronyism through corporate lobbyists and their greed connection to politicians, the possibilities would be available to almost everyone with a desire to work, either mentally or smart physically as well.

      The basis for that opportunity that comes with the American foundations, is the US of A Constitution and the Freedoms granted by our Heavenly Father through His written Word.

      Today we have come to a crossroads of sorts, and the paths that have split off from the basic American Foundations for opportunity, have gone in many different directions, of which only one leads to prosperity combined with a full spiritual existence with the Creator.
      Sadly; that path is the most narrow, and becoming ever more treacherous, by liberalism, to continue to walk on.
      But; we endure to the bitter end.

      • tacoma

        You are right of course. This is the fundamental difference between U.S. and China economic system. Both are imperfect. It is up to each country to figure out how to make it work, or not work.

        • socalbeachdude

          The day China’s version of the Lehman crisis explodes

          Concerns are mounting in international financial circles that the present status of China’s economy is getting ever closer to what had existed in the United States when it was hit by the crisis triggered by the collapse of Lehman Brothers in 2008.

          An American analyst stationed in Beijing points to an extraordinary expansion of personal debt as a major risk to the nation’s economy. After the economy started showing signs of a slowdown in 2014, the government took every conceivable step to revitalize the real estate market by easing housing loan regulations. As a result, housing prices in major cities have shot up — by 78 percent in Beijing and 50 percent in Shanghai compared with 2010 levels. Household debt meanwhile kept expanding to account for more than 30 percent of fresh lending in the latter half of last year, up sharply from around 15 percent previously.

          http://www.japantimes.co.jp/opinion/2017/05/23/commentary/world-commentary/day-chinas-version-lehman-crisis-explodes/#.WST00Wjys2w

      • socalbeachdude

        That is certainly NOT the job of government.

    • socalbeachdude

      CHINA IS A HIDEOUS CATASTROPHIC FINANCIAL DISASTER THAT IS NOW COLLAPSING very rapidly.

      • tacoma

        Americans been saying this for about 30 years.

        • socalbeachdude

          And now that collapse has reached CRITICAL MASS in China.

          • tacoma

            Let make an online bet. What will happen to China economy by end of this year. I say excellent, as before. Moody’s say collapse, but it is self-serving. You say collapse too? Let’s see.

          • socalbeachdude

            China has a huge debt problem. How bad is it?

            Credit rating agency Moody’s downgraded China this week, warning that the country’s financial health is suffering from rising debt and slowing economic growth. It’s the first time the agency has cut China’s rating in nearly three decades.

            Fears about debt levels in the world’s second-largest economy have been flagged before. The International Monetary Fund pushed Beijing to “urgently address” the issue last year.

            http://money.cnn.com/2017/05/25/news/economy/china-debt-economy/

            China’s reforms not enough to arrest mounting debt

            China’s structural reforms will slow the pace of its debt build-up but will not be enough to arrest it, and another credit rating cut for the country is possible down the road unless it gets its ballooning credit in check, officials at Moody’s said.

            The comments came two days after Moody’s downgraded China’s sovereign ratings by one notch to A1, saying it expects the financial strength of the world’s second-largest economy to erode in coming years as growth slows and debt continues to mount.

            Government-led stimulus has been a major driver of China’s economic growth over recent years, but has also been accompanied by runaway credit growth that has created a mountain of debt – now at nearly 300 percent of gross domestic product (GDP).

            Some analysts are more worried about the speed at which the debt has accumulated than its absolute level, noting much of the debt and the banking system is controlled by the central government.

            UBS estimates that government debt, including explicit and quasi-government debt, rose to 68 percent of GDP in 2016 from 62 percent in 2015, while corporate debt climbed to 164 percent of GDP in 2016 from 153 percent the previous year.

            A growing number of economists believe that a massive bank bailout may be inevitable in China as bad loans mount. Last September, the Bank for International Settlements (BIS) warned that excessive credit growth in China signaled an increasing risk of a banking crisis within three years.

            http://www.reuters.com/article/us-china-economy-rating-idUSKBN18M06Z

    • Babycatcher

      I’ll bet not everyone in China is “lifted up”. They treat their employees worse than we treat our cattle. And if you dare complain, it could be curtains for you or your family. Nope, I’ll take the US, any day.

      • tacoma

        Have you been to China and worked there for at least one year? If not you are just believing what you are told.

        • socalbeachdude

          Most all of China’s more than 1.4 billion people MAKE LESS THAN $1000 per year and only about 60 million of those people are in any way close to being part of a so-called “middle class.”

  • Midwest Values

    Hey asshole, why don’t you divide your wealth by 321 Million and send every American a check.

    • GoinSheep

      proofound midwest valu

  • Zlatko Milanovic

    The only people getting a free ride in this country are the rich, the wealthiest one percent. It’s easy when you control the gov’t, you can make your own rules, and they do.

    • Lovely

      They also create their own currencies. Fiat money. Just another way to tax us to death. I like you zlatko

      • socalbeachdude

        Laughably false.

    • socalbeachdude

      Absolutely false.

  • DJohn1

    “And why would anyone want to bust their rear ends working for a living when their incomes are just going to be taxed extremely heavily to pay for all the people that aren’t working?”
    We are all ready there. If you have a catastrophic illness then they steal everything you all ready have in your working life.
    Then they put you on medicaid.
    The bum down the street on welfare goes straight to medicaid.
    The bum has better health benefits than I do.
    I am forced to pay it back for the time I have been in the hospital while the welfare person gets it all for FREE!
    Veterans are faced with a similar situation if they make over 30,000 a year either in payroll or pensions. Thanks to Republican Bush we are by executive order on a sliding income scale as to whether or not you get Veteran Health Care benefits. That is basic socialism. You are designated according to your needs and if you make money in civilian life you are disqualified.
    Tell that to the people around me that lost their lives in Vietnam!
    They made an exception for Vietnam Vets only because the cry from the Veterans was too high.
    This Republican is not rescinding that executive order. So he is no better than Republican Bush.

  • DJohn1

    You want to change things and that is good.
    But until we weed out the no good for anything jerks in this congress that is not going to happen.
    The entire welfare system is full of penalties for working class Americans.
    The discrimination against working people making over 20,000 a year is very apparent.
    You say we are going socialist? I say we are all ready socialist thanks to a bunch of anti-labor communist thinking Congress People that are still in office.
    People vote and do not do their homework and that is why we have the representation we currently have. Did your Congress people vote for Planned Parenthood funding? Bet most people simply do not know.
    Ignorance is the plague we have here.
    It allows these jerks to stay in office.

  • DJohn1

    Example: There are substantial penalties for being married both in the IRS law and the health bills you have to pay if you married your spouse.

  • Carl

    Google: Trump’s bid to open U.S. monuments to development draws calls for protection.

    IT SEEMS NOTHING IS OFF LIMITS FOR A CAPITALIST LIKE RUMP. Can we just have ONE thing that people won’t try and make money off of? Just one thing in this god forsaken country that people won’t milk and suck dry all for a few more dollars?

    The Trump administration’s call for an opening of U.S. national monuments to economic development has drawn 107,00 comments from the public, with many expressing hope that sites like Utah’s Bears Ears can maintain
    their protected status.

    President Donald Trump last month ordered the Interior Department to review some 27 national monuments created since 1996, with an eye to rescinding or shrinking the size of some of them to increase development opportunities.

    “It would be a travesty to leave this landscape vulnerable to uranium and
    fossil-fuel mining, and excessive off-road vehicle use,” the Navajo-led
    Bears Ears Inter-Tribal Coalition wrote in one public comment.

  • Richard Schnitzler

    Like his crummy Facebook the man is over opinionated about himself. Someday soon the idiots posting every item about their little worthless selfie world will realize they and their information are a waste of time or comment.

  • HeyAHuman

    Zuck the cuck is a technocratic nutjob who wants to control the population by fattening them until his good friends at Boston Dynamics figure out a way to replace us with machines.

  • LIZ THE SHIZ

    hey everybody , free ZUCK-BUCKS !!!

  • socalbeachdude

    Total outstanding debt in the USA now exceeds $67 TRILLION across all sectors of the USA economy with less than one third of that being federal government debt. It is way past time that Americans start cutting back spending and paying down debt and start living within their means.

  • socalbeachdude
  • A.S.

    I fear if he ends up being the Demoncrat nominee, he will win. Trump is our last hope but so far he has not MADE AMERICA GREAT AGAIN.

    • socalbeachdude

      Yucky Zucky has no chance whatsoever of winning at all.

  • socalbeachdude

    All Heck Breaks Loose in Toronto’s House Price Bubble

    “It’s Fear.”

    During the first two weeks in May, according to preliminary data from Toronto Real Estate Board, home listings surged 47% from the same period last year even as sales plunged 16%. The average selling price dropped 3.3% from April – and this, after a 33% year-over-year spike in home prices in March and a 25% surge in April. Something is happening to Toronto’s blistering house price bubble.

    Canada’s largest alternative mortgage lender, Home Capital Group, which focuses on new immigrants and subprime borrowers turned down by the banks, is melting down after a run on its deposits that crushed its funding sources. The industry is worried about contagion.

    At the same time, the provincial government of Ontario announced a slew of drastic measures, including a 15% tax on purchases by non-resident foreign investors to tamp down on the housing market insanity that left many locals unable to buy even a modest home.

    It comes after Bank of Canada Governor Stephen Poloz warned in April that home prices are in “an unsustainable zone,” that the market “has divorced itself from any fundamentals that we can identify,” that there was “no fundamental story that we could tell to justify that kind of inflation rate in housing prices,” and that “It’s time we remind folks that prices of houses can go down as well as up. People need to ask themselves very carefully, ‘Why am I buying this house?”’

    A few days ago, Moody’s Investors Service downgraded Canada’s six largest banks on concerns over their exposure to the housing bubble and household indebtedness that ranks among the highest in the world.

    http://wolfstreet.com/2017/05/24/toronto-house-price-bubble-pops/

  • socalbeachdude
  • socalbeachdude

    Democrats warm up to new — and riskier — economic ideas

    http://www.cnbc.com/2017/05/26/democrats-look-at-new-risky-economic-strategy.html

  • gfmucci

    Zuckerberg is dangerous, verging on satanic. Reminds me a bit of the promises of the serpent in a famous book.

    • socalbeachdude

      Yucky Zucky is not like by many at all.

  • mtntrek3

    Faith in God first, livable wage jobs second (both blue and white collar), less governmental control third and last, but not least… we need to take care of the elderly, the poor and disabled. Now, IF we as a nation were to put God first overall, the rest would fall in line. But…….. from what I read in the Bible, : / . We’re slowly headed downward. Time is short. Jesus has the Words of eternal Life. Look to Him for an eternal home.

    • socalbeachdude

      The amount of pay for any job will never be more than that job is worth to a person’s employer and if government tries to mandate a higher amount then that job will simply be terminated.

      • mtntrek3

        Let’s look at both side of this coin. So o.k., let’s do away with the minimum wage altogether and where would that lead? Most likely to the wages of many third world countries. 50 cents to 2-3 dollars an hour. Just piss on them while they make you a profit. On the other hand…… jack up the minimum wage to let’s say 30 $$ an hr. Ummm, no. The employers must be able to make a profit or else they don’t have a business. In between somewhere lies the optimum minimum wage. There needs to be a balance in everything…… economics is one of them.

        • socalbeachdude

          Why if I were an employer who produced a product that could be made anywhere – such as shoes – produce it for $15 per hour in the US when I could produce it for a few dollars per hour in Taiwan?

          • mtntrek3

            Depends upon your values. How much in profit do you wish to make, and how much do you care about the working class here in the U.S.? The thing is, like I said…… if you put enough of our people here out of work… who will be able to afford your product, even though it may be cheaper?

          • socalbeachdude

            You don’t appear to understand that in the case of shoes I stated, that the USA design and distribution jobs which pay very well ONLY EXIST BECAUSE OF THE LOW COST OF PRODUCTION OF THE GOODS THEMSELVES in low cost countries for the manufacturing. One such shoe company here in Southern California has now become a $4 billion a year company doing just what I stated with a very large number of very good paying jobs created right here in California with that highly successful – and necessary – business model.

          • mtntrek3

            What, having the components made elsewhere and assembling them here?

          • socalbeachdude

            Some companies do just that, but obviously that can’t be done with shoes.

          • mtntrek3

            So, what is this shoe company?

          • socalbeachdude

            Skechers, owned by the Greenberg Family, and based in Manhattan Beach, CA.

            Skechers.com (SKX)

          • mtntrek3

            Umm, yeah. O.K. Well I’ll look into that. In the meantime, we’re still in a world of s–t. My take overall is that big corporate, along with big banks and big government are raping most of us out here……. and the crash is yet to be seen. It’s coming tragically. Common observations and sense reveal as much. SLFN.

          • socalbeachdude

            What will happen is the COLLAPSE IN PREPOSTEROUSLY INFLATED EQUITY (STOCK) PRICES as they are totally detached from the fundamentals and that will TOTALLY DESTROY much of the perceived “wealth” in the USA which will most severely impact those at the top.

            Skechers already experienced that happening late last fall and the Greenbergs “lost” nearly $1 billion in stock valuations in a day and the stock so far hasn’t recovered much despite the fact that they are now making more than $1 billion per quarter in revenues and have strong profits.

            SKECHERS STOCK CRASHES 30% IN A DAY

            Skechers stock craters 28% as company posts weaker-than-expected quarterly sales

            Skechers USA Inc. shares SKX, -30.29% tumbled 28% in after-hours trade Thursday, after the footwear company’s third-quarter sales fell short of analyst estimates. Skechers said it had net income of $66.6 million, or 43 cents a share, in the quarter, compared with $51.1 million, or 33 cents a share, in the year-earlier period.

            http://www.marketwatch.com/story/skechers-stock-craters-28-as-company-posts-weaker-than-expected-quarterly-sales-2015-10-22?dist=afterbell

          • mtntrek3

            The Bible is where I go to for guidance and answers predominately. What you are on about will happen and very sadly for all of us.

          • socalbeachdude

            Business and stocks always have their ups and downs, and presently only a tiny handful of stocks are leading the indices up with many stocks falling.

          • mtntrek3

            Lol. Anyway, hey… take care SBD. Please, check out God’s Word. Concerned for you and all of us. : ) . Chris.

          • socalbeachdude

            Good night, Chris!

          • mtntrek3

            U2 .

          • Carl

            So do you think people in 3rd world countries have not already been living pretty horrible lives up until today? It is only the world powers and their citizens that enjoy life’s little luxuries.

            Just more proof that god really does not care about the financial well being of people on this planet. The only reason you are able to enjoy and fairly comfortable lifestyle is because of choices you have made in this life and the the country you were born in.

            Do you really think it is fair that some people only know hardship and are forced to endure their entire lives?

            What exactly is it supposed to teach them?

          • mtntrek3

            Life isn’t fair. What is going on in parts of Africa and other countries is coming here in the not so distant future.

          • Carl

            Exactly. Economically it makes perfect sense. This entire world was created as dog eat dog.

            Yet the universe wants us to go against this instinct to do not what is expected but what is unexpected of human nature.

            This is the lesson all need to learn. And until we do we will keep repeating life here over and over like ground hog day.

            Those who understand and do this are rewarded with a ticket to the next level up in the game.

        • JC Teecher

          Good morning, mtntrek3.

          The corporate zealots are the real problem here. Very few billionaires/multi-millionaires, have the moral compass and backbone to do what is fair. Heck fire, many small company managers, that make low six figures, would sell their granny for the right amount of money.
          Their silent motto is; “screw the ignorant and innocent for as much as you can get away with.”
          I have witnessed it many many times, and it can break one’s faith in humanity; especially when you see this “screwing over” of common people by so-called Christians.

          They have an inner lust for more, more, more, and that bar keeps rising, so they then use the $$ that have acquired to lobby/pay off crooked politicians, to regulate so they can get more, of which is never enough. If they are not increasing more each year, to them, they are failing, so the vicious cycle continues.

          A fair days wages for a fair days work is what it used to be. Now, it is just plain robbery of the common man/woman’s labor, to support the money lusts of those at the top.
          All one has to do is look at the ever widening gap in salaries, and right there is the answer. Corporate executives salaries have exponentially grown over the decades.

          Unions have done some good in the early days, and keeping workers rights is important, but; the greed factor for those union leaders is where the lines have gotten blurred, and the problems come from.

          Look at it this way:

          If I have a small factory that makes widgets, and have a good bunch of employees that make a better than average paycheck with benefits. The widgets we make are quality and we continue to grow each year which provides job security for my employees.

          Then in comes Joe Blow from another state that has been making widgets
          for about the same length of time, and his widgets are no better than ours.
          His company is union, and his employees make on the average about $5.00 more on the hour, but they have to pay monthly dues of about $25.00 to keep that job and keep those benefits.
          On the surface it sounds pretty good for Joe Blow employees, but because his overtime pay is so high, he refuses to make more widgets each week, so the employees never get overtime pay.

          On the average my employees get about enough overtime pay each month, to compensate for the lesser hourly pay, and somewhat lesser benefits, and our widgets are the same quality but sell for about a tenth less.

          Pretty soon the buyers need more widgets, and we get plenty of business, but the Unions have discovered many of the employees want Union representation like Joe Blow’s company, so the next thing you know, I have no choice in the matter except to accept the Union contracts, or retrain new employees, and hope they will not pull the same trick. Soon the unions run me out of business, because they keep interfering with my employees, and I refuse to increase the costs of my widgets.
          Some of the employees get hired because Joe Blow has taken some of my widget business, and I have to move to another state and start up another factory making the same widgets, which causes me to be in debt to banks again.
          I soon get all my previous business back because I am making the same widgets, with the same quality, and have happy employees, that are treated fairly.
          Meanwhile, Joe Blow can’t sell his widgets cheaper, in fact he must increase his cost per widget, because the Unions have declared he must pay $1.00 more on the hour, and increase benefits as well. He has only one choice in order to stay in business, and that is to begin permanent layoffs. Many of my former employees lost their jobs because they were on the bottom of the seniority totem pole, and can’t find suitable work to cover all their mortgages and living expenses, so they either sell and downsize, or lose it all, and relocate.
          They wish that they could have gone back to the way things use to be before they fell for the big lies and promises of the Union, and; they realized that they were always in a continual battle with Joe Blow’s management, which were like slave drivers, and made for a sad work environment…everyday.
          Their lives are now changed forever, and it will take decades to ever get back to where they used to be, if they ever can.

          It did not have to be this way, but the employees could not see the big picture, because they were convinced their lives would be better if they just made a few extra bucks per hour.
          Now all of those former employees of mine have no jobs in the widget business, and many have had to start over from scratch. If not for the Unions, they would still have jobs in our factory, in their hometown, making a decent and fair income, and….still have a pretty darn good retirement/pension from my company.
          Now, the only retirement they will ever have, is the paltry sum that Social Security Retirement pays, and many of them will now have to work until age 70 to receive that amount, whereby if things had remained the same before the Union came in, they could have retired at age 62, and lived comfortably the remainder of their lives.

          If a persons thinks this doesn’t happen all the time, ask the thousands of Ford Motor Company employees that are getting, or have gotten, pink slips from their Union jobs. Hopefully some of those had enough time in with the company to be vested, at least 50%, into their retirement/pension plan.
          Other wise, their future may look pretty bleak right about now.
          The average public can’t afford Ford, at an average of $35k for a vehicle, not to mention the $70 k Dooley Trucks.

          • mtntrek3

            Mostly from what I’m seeing is that the big corp’s are, as you say in a sense… living large off the backs of the ones on the floor making the ship go. This to the point of going overseas making the products on the backs of slave labor basically. However, yes fault can be found on the worker’s or the company’s side for that matter. Either side wants too much from the other, it can lead to bad outcomes.

      • mtntrek3

        Sadly, our government has to step in and try to keep the corporate types from stealing from the workers though a minimum wage law. At the same time, the government can go the other way through too high a minimum wage and kill businesses. ………. : / . A balance…… very necessary. I have to say that from my observations the workers are being crapped on overall. Without a middle class, guess what? The rich and the poor……and an economy won’t last long in such a state. The rich must allow a fair compensation to the workers as they are able. The workers must also consider the capabilities of the employers to pay as well. ……………… Give and take in all of this. A balance. My take is that it’s lopsided mostly in favor of big corporations nowadays.

        • socalbeachdude

          US workers are typically PAID FAR MORE THAN THEY ARE WORTH TO EMPLOYERS which is precisely why USA employers are eliminating employees and putting many others on PART TIME WORK, and that trend will continue to escalate dramatically particularly with the massive amount of retail store closings that is now taking place in the USA.

          The so-called “rich” have nothing at all to do with these matters but rather the decisions made by corporations and small to medium sized business owners based on ECONOMIC FACTS OF WHAT THEIR EMPLOYEES ARE WORTH TO THEM.

          Another thing you are apparently not understanding is that employees COST EMPLOYERS ABOUT 40% MORE THAN THEY ARE PAID DIRECTLY as an employer has to pay nearly 8% in direct taxes on the wages paid to an employee, pay workers compensation insurance, and handle all of the other required paperwork and costs associated with having employees, along with the costs of other benefits to employees including medical expense insurance where applicable.

          • mtntrek3

            How does that lead to a stronger economy? Go elsewhere to find cheaper labor…. and put more of our people out of work.

          • socalbeachdude

            Employers are certainly not in the business of creating a stronger USA economy but in the business of CREATING A MORE PROFITABLE ECONOMY FOR THEIR OWN BUSINESSES and will do what is best for their businesses including closing unprofitable locations just as retailers are now doing in droves across the USA.

          • mtntrek3

            Cheap labor isn’t cheap enough. Go to the cheapest. Sure. The thing is……. there’s a breaking point in all of this. Eventually no one will be able to afford your products… except for a few of the rich. As I said…… without a middle class, there won’t be an economy in short order. Lopsided. Extremes either way are detrimental to our economy.

          • socalbeachdude

            That all depends on what the products that are produced are. Low cost shoes are a very hot seller that can always be afforded by everyone. GE turbines, Boeing planes, and other high-value added products not so much. The USA is the second largest manufacturer in the world and is a very close second to China but typically doesn’t compete in the low-end area of consumer products at all.

          • mtntrek3

            It will eventually come down to the poor that can only afford the very basics in life, and nothing more. Only the affluent can afford other items. That’s no way to grow an economy, but to destroy it.

          • socalbeachdude

            Well, that’s the situation throughout the world and without the return of BENEVOLENT PATERNALISM – as I’ve stated many times – nothing is going to change in that regard except for more wealth concentration at the top. That’s just the way it is and will be.

          • mtntrek3

            Depends on who’s standards we’re talking about. God’s are the ones in which we should look to.

          • socalbeachdude

            That’s not how the word offinance works.

          • mtntrek3

            : ) . Take care SBD.

          • Carl

            God did nothing to alleviate the suffering of the poor. God endorsed slavery. Jesus also did nothing to alleviate the suffering of the poor.

          • mtntrek3

            Jesus didn’t live extravagantly while here, neither did His disciples. He went through hardships while here, the worst of course on the cross.

          • Carl

            The USA will become the third world workforce that they used to keep our country looking prosperous on the outside. Only when this come to our shores will people complain and maybe finally understand that “human beings” have always been slave labor.

            The chains can look different from generation to generation but they are chains nonetheless.

            Every thing you buy that is made from a third world country comes at a price to that poor soul in China, Vietnam, Bangladesh, etc, etc.

            The people overseas never have the chance to dream of buying a starter home or any home for that matter.

            No dreams that they will one day be able to rise above their impoverished conditions and become wealthy.

            And our government at the behest of corporations likes things exactly the way they are. They give these governments money to look the other way and to keep the people in line just so they can have their cheap goods from these countries.

            Let’s be honest here the people of the USA and other first world countries need these people to sacrifice their future and the futures of their children so we can keep the lifestyles that our parents and their parents and we have grown accustomed to. Without being able to purchase goods relatively cheaply we would have even less than those in 3rd world countries.

            Everything in our society is throw away. People, animals, the environment. Everything is a commodity and used as such. And we all turn a blind eye to it because we are paid off (unknowingly or knowingly) to keep our mouths shut and keep feeding the beast.

            So we all pretend. We close our minds and hearts to the injustices and inequality. We don’t focus on the negative and instead wrap ourselves up in vacations, our children’s soccer games, after school activities, college educations, new homes, renovating existing homes, etc.

            All of it amounting to a shallowness that is pointless when you stop and really think about it. But most have no time to stop and think about anything because the system is designed to keep us as busy little bees. Struggling to keep up, Struggling to not fall behind because one mistake and we become like the poor.

            And when we are old and if you are lucky enough to get a retirement you are so darn tired or busy with early bird specials and more vacations or grand kids you can’t even use that time to reflect and examine your life (which is what all should be required to do before they reach 25).

            And the saddest part is that all of this is passed down to the next generation and nothing changes. Only the technology and landscapes around us.

          • mtntrek3

            Yep. Sadly what is going on in impoverished countries around the globe is coming here soon. The middle class is failing/fading out here (along with the devaluation of the dollar)…… it’s just a matter of time.

          • socalbeachdude

            No, the US dollar will continue to SOAR UPWARDS IN VALUE for the foreseeable future. There is no other currency that can ever even remotely compete.

          • Carl

            Exactly SoCal. Employees are considered a liability not an asset in the work world. Everyone wants a middle class but I never see anyone wanting to be part of the poorer class. We all want to believe we deserve to be comfortable and those that aren’t are in that position because of their own stupidity – which may or may not be the case as everyone has a story and a reason for the lifestyle they have.

          • ollie173

            STOP IT ALREADY, TOUGH, THAT’S THE COST OF DOING BUSINESS. IF THEY DON’T LIKE IT CLOSE THEIR DOORS…THEY WON’T BECAUSE THEY ARE TOO GREEDY!

      • mtntrek3

        Also, the smaller businesses are being priced out of existence through taxation and licensing, etc. The bigger corp’s can jump through loopholes and avoid certain things such as these(taxation) . Big banks, big government and big corporations are the unholy trinity.

        • socalbeachdude

          True to a large extent, but there are ANTI-TRUST LAWS in force in the USA consisting of the Clayton Acts and Sherman Acts that could be enforced to actually deal with those issues as to corporations and monopoly matters and predatory pricing.

  • Bear1000

    What else would one expect from the clueless Zuckerberg who owes his wealth to the partners he tried to screw out of their fair share!!!

  • JC Teecher

    R.I.P. Gregg Allman.

    There are people in our lives that have touched us with their presence, and Gregg Allman’s music has been a part of my life, and many others throughout the decades of the 70’s all the way until today.
    Our paths crossed way back in 1970, on July 17th. I was only 13, and Gregg was 22, singing and playing in a band with his older brother, Duane who was tragically killed about a year and three months later in a motorcycle accident.
    My uncle had recently returned from Viet Nam because of being wounded. He came back home, to Ma and Pa’s house next door, and soon bought a new Plymouth Road Runner, and asked if I wanted to go for a ride. He had a six pack of beer in a cooler, and it was early afternoon as we rode through the country back roads, jamming on the radio. I had recently started playing/learning, drums in a little country rock band, and all the talk about Woodstock was fresh on the minds of the younger generations. Uncle had heard about a rock festival going on that weekend in Love Valley, (the festival was dubbed, the Carolina Woodstock, Mountain Jam, Love Valley Love-In Festival, or Pop Festival) a small town built on the dreams of a big city business man, that went back in time to resemble an old west town. Horses and buggies were replaced that weekend with motorcycles and hippie vans and buses.
    Anyways; we got there and rode around through the crowds as best as we could, and then back over a big mountain called Fox Mtn. to a well known fishing pond alongside the gravel road there, called Fox’s Pond. In that pond was young people skinny dipping, and the young girls with tatas a shining was a delight for my young eyes.
    We had to leave because uncle had a date that night, (so he said, but I think it was because he was running out of beer), so we missed the concert.
    I found out recently, that the Allman brothers band members loved the area and spent many of their days off the road, just hanging out, in the town and drinking mtn. moonshine mixed with pot/ and or, LSD. Dickey Betts hooked up with a young woman there, named Sandy Blue Sky, and sometime later, wrote a hit song about her, called Blue Sky. Some photos from that Festival can be found by google-ing Love valley festival-Allman Brothers Band. Oh yes, the Band came there at the request of the town’s founder Andy Barker’s daughter’s birthday present.
    Over the years, from about 1985, I was privileged to have known a couple of die hard Allman Brothers Band fanatics. A young woman that had every recording they ever made, and played them a lot, became a fixture in my life for 15 years. An old high school friend and I started hanging out together in 1993. He too was a fanatic, and had already seen them in concert many times. Together, with other friends, we saw them at various venues for two decades, and I had added about a dozen, to my own list. The last was on December 30th, 2013, at the Fillmore Charlotte, where me and the wife had VIP seats, and I witnessed one of most impressive quality music shows ever done by Gregg, and his solo band, mates. Soon after the show began, I noticed my old High school buddy, once again, enjoying a Gregg Allman musical high, right there at center stage.
    This would be the last time our paths would cross with Gregg’s, together, as later that night, we got to see him at an autographing session. I had my copy of the Greatest, live album ever recorded, at the Fillmore East, from March 1971, and Gregg signed it. He smiled, as he handed it back, and somehow it just completed a long history of living life with his songs, and his band of brothers.
    I am sure there are many other copies of “Live at the Fillmore” out there in circulation, but very few with Greg’s autograph, and very few with as much sentimental value.

    • aldownunder

      Sad news indeed…..big loss
      So I just watched whipping post.

      • aldownunder

        and a tribute by Skynyrd (Simple man)

        • socalbeachdude

          Simpleton.

    • socalbeachdude

      That dude was a horrible musician.

  • Mark is not an American.
    Mark is first, foremost and forever, a Jew.

    • socalbeachdude

      Isn’t he also a dual citizen of Switzerland?

  • rouge1

    Facebook is a government she’ll company designed to get your information and contacts.

    • socalbeachdude

      Yep. Never post real information on FarceBunk.

  • socalbeachdude

    There was NEVER any such “contract” at all.

  • socalbeachdude

    Oh, what nonsense. Nothing in life is guaranteed.

    • Mark Moore

      The idea is taken from the Mosaic law in which property returned to the family and debts cancelled in the year of Jubilee. Is the Mosaic law also “nonsense”?

      • socalbeachdude

        Yes, “Mosaic Law” particularly as related to that “Jubilee” stupidity is utter and total nonsense – obviously – which is why it was TOTALLY DISCARDED many millennia ago.

  • ollie173

    LOL…It always amazes me how all the right-wing republican conservatives are always crying wolf about how having safety nets to assist the middle class and poor are government handouts and is the root cause to the high budget deficit and the ultimate ruin of our economy and the country as a whole!
    You never here these greedy money lovers talk about how the real government handouts in the form of significant absurd tax loopholes for the rich and for the corporations has prevented trillions of dollars tax revenue dollars from flowing into the government budgets, and the deliberate holding-down of interest rates to near zero levels to create a totally FAKE economy that has further enriched the already filthy greedy wealthy.
    They continue to wag the dog and spreading lying propaganda that it is the poor and middle class who at times need assistance that is the cause for our demise when in reality it is their greedy appetites for more and more money which has risen to upresidented levels as they continue to try to rape the economy at the expense of the poor, children, elderly, and middle class! SMH SAD!

    • socalbeachdude

      The top 20% of income earners in the US pay more than 80% of federal income taxes. Are you not aware of that?

      • ollie173

        then they should pay 90%

        • socalbeachdude

          Only a greedy socialist imbecile would propose such utter nonsense.

          • ollie173

            YUK….

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