since Trump has bankrupted the USA, the new moderate position should be to seize all the assets of the billionaires and millionaires who scammed the country into bankruptcy, no?
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RE: https://newsie.social/@ZhiZhu/116286455854932217
since Trump has bankrupted the USA, the new moderate position should be to seize all the assets of the billionaires and millionaires who scammed the country into bankruptcy, no?
This Fortune article places he numbers of the Treasure into perspective:
'The federal finances look like a household budget in freefall.
That household earns $52,446 and spends $73,378 — running a $20,932 annual deficit.
Its total liabilities and unfunded promises amount to $1,361,788 against just $60,554 in assets, leaving it $1.3 million in the hole.
Uncle Sam, by any accounting standard, is insolvent.'
(but let's spend a billion a day on Iran)
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The federal government, as a sovereign currency country, cannot really go bankrupt; the real issue is that our fiscal policy is gravitated towards private exploitation and accumulation of profits by fewer and fewer people. Redistribution from the wealthiest to the masses and socialization of the economy towards public/social needs rather than private grift and exploitation is the only real solution.
@AnthonyJK Welctually, in some countries, it can. USA just isn't this kind of country, at least, not right now.
Curiously, USA is the kind of country that can become unable to lawfully pay its debts, because of some uniquely silly laws that it has, but it won't be impossible for it to pay its debts any time soon.
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RE: https://newsie.social/@ZhiZhu/116286455854932217
since Trump has bankrupted the USA, the new moderate position should be to seize all the assets of the billionaires and millionaires who scammed the country into bankruptcy, no?
@blogdiva It's called asset forfeiture, and it's used to get ill-gotten gains back from criminals. It's likely there's no cash left, but we can take real estate, homes, cars, jewelry, stocks, bitcoin, etc. Anything purchased with the stolen money, and that includes the entire family. I'm looking forward to it, right after the trials and the locking up.
Keeping my hopes up for justice! -
RE: https://newsie.social/@ZhiZhu/116286455854932217
since Trump has bankrupted the USA, the new moderate position should be to seize all the assets of the billionaires and millionaires who scammed the country into bankruptcy, no?
@blogdiva if he completes his term, will 2029 be a repeat of 1929?
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@blogdiva So, we have a Government accountability office AND a Department of Govenment Efficiency?
@kshernandez @blogdiva
Government Accountability has been an incredible power. Their job has basically been to provide the numbers to demonstrate various forms of corruption for decades. They’re cool-headed, statistical, analytical, and nonpartisan.GOP politicians of course find themselves on the pointy end of the results more often than Dems, which they claim is bias. But, of course, there’s another explanation…
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@kshernandez @blogdiva
Government Accountability has been an incredible power. Their job has basically been to provide the numbers to demonstrate various forms of corruption for decades. They’re cool-headed, statistical, analytical, and nonpartisan.GOP politicians of course find themselves on the pointy end of the results more often than Dems, which they claim is bias. But, of course, there’s another explanation…
@JoshuaACNewman @blogdiva So, what the heck is DOGE for than to help rob the government and it's people of money and resources?
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i agree, but i dont think the government will solve the problem. The government is the problem, especially since 2008. Its the means by which the wealthy get socialism for the rich
Voting is begging them to change - it wont work. We have to do it ourselves and while organizing is and must be an ongoing effort, supply chains at anonymous scale need some form of currency to organize and we must adopt something they cant print to prevent becoming socialism for the rich again
"The government" is not some independent entity that exists beyond the reach of the people. Governments can be manipulated and set to favor elites, but they can also be reset to allow the masses to maintain accountability. The government is the vehicle for mass rule; it cannot be simply denied or abandoned.
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@JoshuaACNewman @blogdiva So, what the heck is DOGE for than to help rob the government and it's people of money and resources?
@kshernandez @blogdiva
Nothing. That’s literally all DOGE was for. Crimes. It had no other purpose and wasn’t a government department. -
"The government" is not some independent entity that exists beyond the reach of the people. Governments can be manipulated and set to favor elites, but they can also be reset to allow the masses to maintain accountability. The government is the vehicle for mass rule; it cannot be simply denied or abandoned.
i dont think that is true.
i cant see it anywhere -
i dont think that is true.
i cant see it anywherenow i can see a small elite or a new elite telling themselves that story to feel legitimized, but thata about it.
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@kshernandez @blogdiva
Nothing. That’s literally all DOGE was for. Crimes. It had no other purpose and wasn’t a government department.@kshernandez @blogdiva
I can’t emphasize this enough: Donald Trump handed over all government records to Elon Musk because they both wanted to sell off the government and the people it protects out of a dedication to their parallel systems of fraud.Along the way, they leaned particularly hard on white supremacist objectives.
That is literally all DOGE was. A meme turned into white supremacist fraud.
They fell out for the same reason crime bosses usually fall out.
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@kshernandez @blogdiva
I can’t emphasize this enough: Donald Trump handed over all government records to Elon Musk because they both wanted to sell off the government and the people it protects out of a dedication to their parallel systems of fraud.Along the way, they leaned particularly hard on white supremacist objectives.
That is literally all DOGE was. A meme turned into white supremacist fraud.
They fell out for the same reason crime bosses usually fall out.
@JoshuaACNewman @blogdiva It makes me so sick! And we, poor, disabled, marginalized folks pay the price.
I'm concerned for everyone in my communities, have been for a long time but this is just over and above.
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