Why does the US have a wealth distribution like Uganda?

Interesting video.
I don't think the thread title does it justice.
 
FluffyMcDeath said:
wealth inequality
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If we let the "Too Big To Fail" actually fail, we would have been climbing our way out of this mess already instead of heading towards a deep global depression. But Alas, the puppet masters behind Pelosi/Reid/Bush would not let that be and doubled down on it with Team Pelosi/Reid/Obama.
 
Dammy said:
But Alas, the puppet masters behind Pelosi/Reid/Bush would not let that be and doubled down on it with Team Pelosi/Reid/Obama.
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And will continue to do so as long as you keep voting Rep. / Dem.
 
Dammy said:
If we let the "Too Big To Fail" actually fail, we would have been climbing our way out of this mess already instead of heading towards a deep global depression. But Alas, the puppet masters behind Pelosi/Reid/Bush would not let that be and doubled down on it with Team Pelosi/Reid/Obama.
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Exactly.
 
Dammy said:
If we let the "Too Big To Fail" actually fail, we would have been climbing our way out of this mess already instead of heading towards a deep global depression.
Click to expand...

I still disagree with the "let them fail" position simply because it would have been hugely destructive to the average Joe (not that what was done instead has been great nor will it turn out well).

The government should have stepped in and AT&Ted (or Standard Oiled) the big financial institutions into smaller chunks including splitting the investment side from the banking side. Then you can keep the infrastructure you need to run the country and let all the casinos fold.

The big problem the US had was that the banks and the casinos were now the same institutions and you can't run an economy without your banks.

However, to actually do the right thing the government would have had to temporarily nationalize the banks which would have been a hard sell (all the media outlets would blast it - because they would stand to lose all their casino chips and the politicians would lose theirs).

The alternative would have been to set up a huge national bank and run the country out of that while letting the privates choke to death on their own vomit. This would have taken time but it's also a difficult option to spot because Americans tend to think that they already have a national bank.
 
redrumloa said:
Nice propaganda piece. Starts off pretending no bias and takes that mask off about half way through.
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Specifically how (else I imagine that you were merely offended and this is how you dismiss that which offends you - disbelieve it).
 
FluffyMcDeath said:
I still disagree with the "let them fail" position simply because it would have been hugely destructive to the average Joe (not that what was done instead has been great nor will it turn out well).

The government should have stepped in and AT&Ted (or Standard Oiled) the big financial institutions into smaller chunks including splitting the investment side from the banking side. Then you can keep the infrastructure you need to run the country and let all the casinos fold.

The big problem the US had was that the banks and the casinos were now the same institutions and you can't run an economy without your banks.

However, to actually do the right thing the government would have had to temporarily nationalize the banks which would have been a hard sell (all the media outlets would blast it - because they would stand to lose all their casino chips and the politicians would lose theirs).

The alternative would have been to set up a huge national bank and run the country out of that while letting the privates choke to death on their own vomit. This would have taken time but it's also a difficult option to spot because Americans tend to think that they already have a national bank.
Click to expand...

It's called the Federal Reserve. Setting that aside, the best thing possible for Joe Bagofdonuts would have been to let them fail now as it will be far less painful when the whole shooting match fails under a even heavier load of massive debt. Global Elites are using all this to move the pawns down the board to their ultimate goal. Not only did they do this to us, they sold the idea we have to back them up while making a even bigger mess. Slick huh?

House of cards will come tumbling down and then the Global Elites will offer us all salvation from our problems. They will own ever loan/mortgage out there. That will make the Progressives happy, the people that were financially supporting them and their candidates will be in charge.
 
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