covid-19 the great reset

[98valk]

https://stoppingsocialism.com/2020/06/global-reset-climate-change/

Schwab wasn’t the only one calling for the world “reset” capitalism, either. Countless leaders at the event, many of whom hold incredibly influential positions in international governing bodies or in foreign governments, demanded far-reaching economic changes that sound remarkably similar to Bernie Sanders’ and Alexandria Ocasio-Cortez’s “Green New Deal”—except on a global scale.

Sharan Burrow, the general secretary of the International Trade Union Confederation (ITUC), said we need to use the present crisis to help “rebalance” the global economy.

“We need to design policies to align with investment in people and the environment,” Burrow said. “But above all, the longer-term perspective is about rebalancing economies.”

Burrow later added, “We want an end to the profit-at-all-costs mentality, because if we don’t build an economic future within a sustainable framework in which we are respectful of our planetary boundaries, and the need to change our energy and technology systems, then we will not have a living planet for human beings.”

Echoing these points, Antonio Guterres, the U.N. secretary-general, called for building “equal, inclusive, sustainable societies, that are more resilient in the face of pandemics and climate change.”

https://www.amazon.com/COVID-19-Great-Reset-Klaus-Schwab/dp/2940631123

[Gizmo]

Here in Canada, probably JUST like the USA, the people most hurt by Covide have been the lower paid and working class folks.
Meanwhile, the 30 wealthiest people here have had their joint net worth increase by several dozen $BILLION.
I’m no socialist but something about that doesn’t feel right to me.

[Ramie]

It's called Crony Capitalism.  Even the loud climate alarmist just want their share of the money.

https://en.wikipedia.org/wiki/Crony_capitalism

[ridingron]

If everyone was given the same amount of assets, within a short period of time, there would soon be a top and bottom. The greater the time period, the greater the distance between. Some know how to make assets grow and some don't.

[Patrick]

If everyone was given the same amount of assets, within a short period of time, there would soon be a top and bottom. The greater the time period, the greater the distance between. Some know how to make assets grow and some don't.

Thats true. Many know how to make assets disappear.  In fact the government also comes to mind for some reason.

[Willow]

If everyone was given the same amount of assets, within a short period of time, there would soon be a top and bottom. The greater the time period, the greater the distance between. Some know how to make assets grow and some don't.

This is reality.  It's easy to look at those who have more than I and assume that if I took from them that would be the answer.  It wouldn't for most.

Truthfully, I'm told a large percentage of lottery winners are bankrupt within five years.

[f6gal]

Truthfully, I'm told a large percentage of lottery winners are bankrupt within five years.

I believe it's greater than 70%.

[ridingron]

Truthfully, I'm told a large percentage of lottery winners are bankrupt within five years. 

I've heard the same about pro ball players. Most are about the same as lottery winners. 

[Willow]

Truthfully, I'm told a large percentage of lottery winners are bankrupt within five years. 

I've heard the same about pro ball players. Most are about the same as lottery winners. 

The point is that taking money from the wealthy and giving it to the less than wealthy simply won't do what some people think it will.

[CoreyP]

Truthfully, I'm told a large percentage of lottery winners are bankrupt within five years. 

I've heard the same about pro ball players. Most are about the same as lottery winners. 

The point is that taking money from the wealthy and giving it to the less than wealthy simply won't do what some people think it will.

No it won't. I have a friend who has had a creative life. He's a salesman and he has made good money at times but he's a guy that always spends one more dollar then he makes. He adapts to whatever he is making. He's a guy who would win a couple of million and some how spend it all plus have debt with in a couple of years. There are many people out there like that.

Then you get into people who just have no clue what to do with money. If you are dirt poor and all of sudden have money, you simply have no idea how to handle it. You have to have a plan.

You have other people who if given money they will simply sit at home drinking or doing drugs until they have no money. They can earn it and end up like that. Think Hollywood not A players any more. Same with the sports guys. 

Another thought is a lot gets done by wealthy people that otherwise wouldn't happen. Look at Elon Musk. He dropped a bunch of money into electric cars and those are becoming a real car. He has pushed the whole industry with Tesla. Whether that's actually useful? If someone can figure out a fusion reactor it becomes very useful. If not EV's are debatable but huge progress is being made on batteries etc. without Musk that would not be happening.  Same with rockets, SpaceX started by Musk is making space flight cheaper and he has big plans. How that works out, who knows but commercialization of space is being pushed forward by huge steps lately thanks to SpaceX.  More importantly your tax dollars might not have to go to over priced space programs any more. The commercial guys, if they can make money, they will make it happen. What exactly happen? Who knows but they will figure it out, that takes a a lot of high risk money to make it happen. TV, cellphones, the internet or for that matter old school stuff like railroads didn't come from poor people. It was wealthy people taking large risks to make it happen.  Also it took skills that most people don't have.

BTW I think the minimum wage needs to go up and whatever happened to health costs has to come under control. In my area you can't hire anyone for minimum wage but in lots of places you can. Minimum wage will buy you nothing. Basically if you can hire people at a low minimum wage the government is simply subsidizing the employers because tax money will go to these people in many forms.  The government will waste much of the money, just a middleman who makes money disappear.

That's an example of what a wealthy guy can do with his wealth that other wise wouldn't happen.

[Robert]

The point is that taking money from the wealthy and giving it to the less than wealthy simply won't do what some people think it will.

Exactly, I have given many a hand up but only to fall back into problems later.


A friend of my wife's had a rather large family with a wealthy, dad they all inherited a substantial amount of money. My wife's friend also won 600k twice in gambling. In the end, today she cannot afford a car. Of the kids most have lost it already but a couple are trying to make a business out of it.  



Robert Kiyosaki 2019 - The Speech That Broke The Internet!!! KEEP THEM POOR!
https://youtu.be/azq0S0DKS50


One of the reasons the rich don't pay taxes is they don't make money.

The only reason that politicians are for raising taxes on the rich is because it sounds good but does little good. Its a PR speech that means nothing or next to it, Many accept it.

Most politicians are fairly wealthy especially those in Congress, why would they tax themselves?

Trump and the Reset
http://finalwakeupcall.info/en/2018/02/21/trump-and-the-reset/

The system we have of the Federal Reserve is never going to work as a permanent solution. Unless you make an abundant amount of money and buy gold then everything made is debt. I believe the global reset that was planned may not happen the way we think it will. If the Federal Reserve that owns all the debt is imploded then the US as a whole is left clean and clear.

No president except maybe Kennedy cared about the US being as strong as it needed to be nor understood money. Trump besides Kennedy knows and is working to change US policies. Kennedy was killed shortly after he wanted the US on a silver standard. Trump wants to put the US back on the gold standard, we will see.

An interesting article on the Hunt brothers. They really wanted to create a new reserve but were shut down.
https://www.investopedia.com/articles/optioninvestor/09/silver-thursday-hunt-brothers.asp

[98valk]

Matthew 26:11 For you always have the poor among you,

Deuteronomy 15:11 For there will never cease to be poor in the land.

[Robert]

Matthew 26:11 For you always have the poor among you,

Deuteronomy 15:11 For there will never cease to be poor in the land.

Hard to believe but some make the choice to live that way.

Still today the opportunity is available for anyone in this country to make something of themselves.

[Alpha Dog]

If everyone was given the same amount of assets, within a short period of time, there would soon be a top and bottom. The greater the time period, the greater the distance between. Some know how to make assets grow and some don't.

I think the great economist John Wayne stated in his famous Playboy interview something like this.  Put 20 men in a room and give them a dollar each.  Then come back in a year and one will have all 20 dollars.
        I would change this to come back the next day and one man would have all the money.

[JimC]

Another thought is a lot gets done by wealthy people that otherwise wouldn't happen. Look at Elon Musk. He dropped a bunch of money into electric cars and those are becoming a real car. He has pushed the whole industry with Tesla. Whether that's actually useful? If someone can figure out a fusion reactor it becomes very useful. If not EV's are debatable but huge progress is being made on batteries etc. without Musk that would not be happening. 

I disagree, Elon Musk has received 4.9 BILLION in government subsidies. He just knows where to invest what he has to make himself richer.  I'm not saying he has not done some good, but he did need help to do so. It's not what you know, it is who you know.

https://www.latimes.com/business/la-fi-hy-musk-subsidies-20150531-story.html

Jim

[F6Dave]

If everyone was given the same amount of assets, within a short period of time, there would soon be a top and bottom. The greater the time period, the greater the distance between. Some know how to make assets grow and some don't.

I've seen this first hand with a relative.  Their family was always struggling, so Dad tried to help again and again.  He bought them a new car.  They drove it, did zero maintenance, and within a few years it stopped running and was parked in the driveway.  He made a huge down payment on a house, so the payments would be less than the rent they'd been paying.  After a few years they moved out and left it for the bank.  Eventually Dad died and they got a nice inheritance.  It was gone in no time.

[cookiedough]

If everyone was given the same amount of assets, within a short period of time, there would soon be a top and bottom. The greater the time period, the greater the distance between. Some know how to make assets grow and some don't.

I've seen this first hand with a relative.  Their family was always struggling, so Dad tried to help again and again.  He bought them a new car.  They drove it, did zero maintenance, and within a few years it stopped running and was parked in the driveway.  He made a huge down payment on a house, so the payments would be less than the rent they'd been paying.  After a few years they moved out and left it for the bank.  Eventually Dad died and they got a nice inheritance.  It was gone in no time.

reminds me of my aunt (the baby),  one of 11 kids left inheritance money she got like 90% the rest 1 % each.  She and her spend thrift dork of a husband bought a new camper, new corvette, etc. and was in the poor house a few years later.  They now lives in a trailer park low income family.   You should have seen the feuding going on between 3 of the aunts bickering with the rest.  My mom being the oldest and did by far the most for her parents when alive did not care about the money and stayed out of it.   The youngest aunt who got all that money is the only aunt leflt besides my mom being the oldest over 20 years apart from one another.  I am pretty sure my mom had her first child (another sad story) before the youngest aunt was even born.

[CoreyP]

 

I disagree, Elon Musk has received 4.9 BILLION in government subsidies. He just knows where to invest what he has to make himself richer.  I'm not saying he has not done some good, but he did need help to do so. It's not what you know, it is who you know.

https://www.latimes.com/business/la-fi-hy-musk-subsidies-20150531-story.html

Jim

I know where Musk has gotten money from. For that matter at one point major car makers had money in Tesla to keep it going. Why? So they could have someone give EV's a run, it was in their best interest to have someone try to make a company that could sell EV's for a profit. That way they wouldn't have to fool around with EV's. Their idea was Tesla gets all hyped up and then fails after taking a good shot at EV's. That would get the governments to stop trying to force EV's on them. Tesla has almost gone Bankrupt 3 times but it is a going concern that makes reasonable cars with more products coming.  Any government money that Tesla got is nothing compared to all the money that has been wasted by the government on green energy projects.

SpaceX is the same way. SpaceX charges the government to launch their sats. It's a business with the government being a big buyer. Nothing wrong with that. SpaceX got money to build a manned capsule to fly to the ISS. Boeing received at least double the money and when they tried their capsule out that missed the ISS. SpaceX beat Beoing to market with a cheaper per launch cost. Who else is going to buy space launch capsules? The government is the market.  

I don't see anything wrong with taking government money if they are just handing it out. The feds want a green society with EV's being a center piece, take what money they offer. SpaceX is a different animal all together. NASA hires contractors to build what they want, no one has ever designed and built a space craft and then tried to sell it to NASA, not how that business works. Sat launches do work that way and SpaceX is taking over that business because they are much cheaper then everyone else.

Comes down to this. Joe Blow on the street isn't going to be given any money by anyone to start a business that costs billions. Yes it is who you know and what hype you can get around you. BTW The Star Link sats have customers beating down the doors, some being government agencies. That project is totally funded by SpaceX, no government support in there. I would be surprised if the military has kicked in some money at this point?

Business is business and there are pure players out there. It's a matter of getting what you need here there and everywhere.

Just read the article, it's old. SolarCity was going to go Bankrupt that's why Tesla bought them which almost made Tesla go Bankrupt. The Solar City business plan failed, simple as that. The real reason I believe that Solar City wasn't allowed to die was stupidly SpaceX had bought bonds in Solar City, SC goes BK and SpaceX loses their money. SpaceX is Musk's true love, anything else he is doing, he does to make money to support his SpaceX plans. 

[CoreyP]

I've seen this first hand with a relative.  Their family was always struggling, so Dad tried to help again and again.  He bought them a new car.  They drove it, did zero maintenance, and within a few years it stopped running and was parked in the driveway.  He made a huge down payment on a house, so the payments would be less than the rent they'd been paying.  After a few years they moved out and left it for the bank.  Eventually Dad died and they got a nice inheritance.  It was gone in no time.

reminds me of my aunt (the baby),  one of 11 kids left inheritance money she got like 90% the rest 1 % each.  She and her spend thrift dork of a husband bought a new camper, new corvette, etc. and was in the poor house a few years later.  They now lives in a trailer park low income family.   You should have seen the feuding going on between 3 of the aunts bickering with the rest.  My mom being the oldest and did by far the most for her parents when alive did not care about the money and stayed out of it.   The youngest aunt who got all that money is the only aunt left besides my mom being the oldest over 20 years apart from one another.  I am pretty sure my mom had her first child (another sad story) before the youngest aunt was even born.

You guys should meet my sister in law. I have no doubt if I drop dead she will be living in my house before my body is cold. I have teenagers and I'm sure she will say to my wife, "I'll come help with the children.". The children are at a point where they need more policing then helping. I have a will that is very specific as to how assets are split up. All the relative agree, she is not someone you give money to.  Her goal would be simply to live like I do or so she thinks because I'm sure she would spend every cent I have.

[cookiedough]

I've seen this first hand with a relative.  Their family was always struggling, so Dad tried to help again and again.  He bought them a new car.  They drove it, did zero maintenance, and within a few years it stopped running and was parked in the driveway.  He made a huge down payment on a house, so the payments would be less than the rent they'd been paying.  After a few years they moved out and left it for the bank.  Eventually Dad died and they got a nice inheritance.  It was gone in no time.

reminds me of my aunt (the baby),  one of 11 kids left inheritance money she got like 90% the rest 1 % each.  She and her spend thrift dork of a husband bought a new camper, new corvette, etc. and was in the poor house a few years later.  They now lives in a trailer park low income family.   You should have seen the feuding going on between 3 of the aunts bickering with the rest.  My mom being the oldest and did by far the most for her parents when alive did not care about the money and stayed out of it.   The youngest aunt who got all that money is the only aunt left besides my mom being the oldest over 20 years apart from one another.  I am pretty sure my mom had her first child (another sad story) before the youngest aunt was even born.

You guys should meet my sister in law. I have no doubt if I drop dead she will be living in my house before my body is cold. I have teenagers and I'm sure she will say to my wife, "I'll come help with the children.". The children are at a point where they need more policing then helping. I have a will that is very specific as to how assets are split up. All the relative agree, she is not someone you give money to.  Her goal would be simply to live like I do or so she thinks because I'm sure she would spend every cent I have.

Isn't it funny how people who are near say double as rich income wise as me yet they are in debt much much more than I am?  My ex-neighbor and his wife make am guessing near double as we do yet he is age 60 now and just moved to yuppie-vil area built new house and is starting all over again at age 60 with around a 100-125K mortgage.  No thanks,   100K mortgage at age 60?     His kids decided on a super expensive (my terms) 35-40K per year private college yet vs. our public UW system college well below say 10K per year.  Is that extra 30K per year for 4 or so years worth it having debt to pay until am sure age 30 just to pay back college tuition?

[98valk]

Matthew 26:11 For you always have the poor among you,

Deuteronomy 15:11 For there will never cease to be poor in the land.

Hard to believe but some make the choice to live that way.

Still today the opportunity is available for anyone in this country to make something of themselves.

too many people live for today which is encouraged by the brain washing of TV, commercials, movies, etc., instead of living and planning for tomorrow. as u know many verses including proverbs speak of this. The politicians, mainly the democrats use this to get votes from the poor and ones with lack of money.