Permanent Portfolio Forum
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It's between student debt, UBI, kill the billionaires. All of the others are already stale and losing traction. Mo money mo money mo money!tomfoolery wrote: ↑Tue May 25, 2021 2:03 pm Now that Biden has gotten covid under control we should figure out what topics to hit next.
https://medium.com/illumination/in-2030 ... b2835bd3d1tomfoolery wrote: ↑Tue May 25, 2021 4:26 pmThat's not a crisis, it's an intentional and very good outcome of recent macroeconomic events.I Shrugged wrote: ↑Tue May 25, 2021 4:10 pm Actually I would think we are soon to be hearing about the housing affordability crisis. POC have only a fraction of the household wealth of white households. Can't get mortgages, can't afford the high prices. There will probably be a big government "solution" enacted. After all home ownership is a basic right. Otherwise, racism.
The very idea of home ownership is what leads to wealth inequality. The world will be a much better place when everyone is a renter.
Right now, if a person of color or non-binary individual is at a job where they get discriminated against, they keep their heads down and accept the hate. Because they have to make the next mortgage payment.
Imagine a world where there were no mortgage payments, because no one owned a home. Those discriminated employees could just as easily walk out. Because also, we'd have reasonable eviction standards in place where if you left your job due to discrimination, then you can't be evicted for non-payment of rent.
But, UBI will cover the rent anyway.
What we need to make America stronger is less "skin in the game", because that's just a white supremacists codeword for controlling the lower class and keeping them down. As they get richer and richer.
It would be hard to be more wrong than the 8 predictions in that article.
1. “You’ll own nothing” — And “you’ll be happy about it.”
2. “The U.S. won’t be the world’s leading superpower.”
3. “You won’t die waiting for an organ donor”
4. “You’ll eat much less meat”
5. “A billion people will be displaced by climate change.”
6. “Polluters will have to pay to emit carbon dioxide”
7. “You could be preparing to go to Mars” — “Scientists will have worked out how to keep you healthy in space.”
8. “Western values will have been tested to the breaking point.” — “Checks and balances that underpin our democracies must not be forgotten.”
how about taking a step closer to the source i.e. why this happens--pick a name marxism, cultural marxism, etc.Mountaineer wrote: ↑Tue May 25, 2021 3:53 pm The only crisis that matters! Tossing the source of absolute truth to the wolves.
No interest in Mars. Call me when a ship full humans is headed to Uranus.Mark Leavy wrote: ↑Tue May 25, 2021 6:08 pmIt would be hard to be more wrong than the 8 predictions in that article.
By 2030? I would put six of them at a hard "no". The other two (six and eight) as possible, but still not likely.
If you allow a century, then the odds change.
1. “You’ll own nothing” — And “you’ll be happy about it.”
2. “The U.S. won’t be the world’s leading superpower.”
3. “You won’t die waiting for an organ donor”
4. “You’ll eat much less meat”
5. “A billion people will be displaced by climate change.”
6. “Polluters will have to pay to emit carbon dioxide”
7. “You could be preparing to go to Mars” — “Scientists will have worked out how to keep you healthy in space.”
8. “Western values will have been tested to the breaking point.” — “Checks and balances that underpin our democracies must not be forgotten.”
Man (in general and individually) has made himself a god. His source of identity, meaning and security is himself; sometimes equated with postmodernism philosophy. Thus, man no longer believes in the single source of absolute truth.Benko wrote: ↑Tue May 25, 2021 8:31 pmhow about taking a step closer to the source i.e. why this happens--pick a name marxism, cultural marxism, etc.Mountaineer wrote: ↑Tue May 25, 2021 3:53 pm The only crisis that matters! Tossing the source of absolute truth to the wolves.
It only works if everyone agrees it's working and doesn't look at objective results.Simonjester wrote: i don't know what the next major issue (crisis) will be, but the only solution that will be tried is more spending, more government, more spending, more government, more spending, more government, more spending, more government, more spending, more government......
i am certain it will work this time
Simonjester wrote:
THIS...
States that didn't mismanage their funds will (I certainly hope!) raise hell if there's a federal bailout of state pensions.I Shrugged wrote: ↑Wed May 26, 2021 4:27 pm In Illinois, which can't print money, the major crisis is how to pay the pensions of well-to-do retired public workers.
UBI won't fix it, but the Feds can do a bailout.
Otherwise the problem frames as poor people vs. well to do retired people who vote the same way as the poor people.
Quite a conundrum. But that can is being kicked down the road.
You don't think any of the state bailout funds under the Covid bills are going to be used to prop up the ailing state pension systems?Xan wrote: ↑Wed May 26, 2021 4:55 pmStates that didn't mismanage their funds will (I certainly hope!) raise hell if there's a federal bailout of state pensions.I Shrugged wrote: ↑Wed May 26, 2021 4:27 pm In Illinois, which can't print money, the major crisis is how to pay the pensions of well-to-do retired public workers.
UBI won't fix it, but the Feds can do a bailout.
Otherwise the problem frames as poor people vs. well to do retired people who vote the same way as the poor people.
Quite a conundrum. But that can is being kicked down the road.
If each state is being given $X/citizen, or some such, and some states use that to prop up pensions and others use it for other things, that's less of an obvious issue than if poorly-managed states get more $ than non-poorly-managed states.Tortoise wrote: ↑Wed May 26, 2021 5:14 pmYou don't think any of the state bailout funds under the Covid bills are going to be used to prop up the ailing state pension systems?Xan wrote: ↑Wed May 26, 2021 4:55 pmStates that didn't mismanage their funds will (I certainly hope!) raise hell if there's a federal bailout of state pensions.I Shrugged wrote: ↑Wed May 26, 2021 4:27 pm In Illinois, which can't print money, the major crisis is how to pay the pensions of well-to-do retired public workers.
UBI won't fix it, but the Feds can do a bailout.
Otherwise the problem frames as poor people vs. well to do retired people who vote the same way as the poor people.
Quite a conundrum. But that can is being kicked down the road.
If actual inflation gets to, say, 10%, then that 3% COLA will be eaten up quickly.MangoMan wrote: ↑Wed May 26, 2021 6:33 pmI can't speak for other states, but not in IL. There is a 3% COLA compounded annually regardless of the actual rate of inflation.Xan wrote: ↑Wed May 26, 2021 5:16 pmIf each state is being given $X/citizen, or some such, and some states use that to prop up pensions and others use it for other things, that's less of an obvious issue than if poorly-managed states get more $ than non-poorly-managed states.Tortoise wrote: ↑Wed May 26, 2021 5:14 pmYou don't think any of the state bailout funds under the Covid bills are going to be used to prop up the ailing state pension systems?Xan wrote: ↑Wed May 26, 2021 4:55 pmStates that didn't mismanage their funds will (I certainly hope!) raise hell if there's a federal bailout of state pensions.I Shrugged wrote: ↑Wed May 26, 2021 4:27 pm In Illinois, which can't print money, the major crisis is how to pay the pensions of well-to-do retired public workers.
UBI won't fix it, but the Feds can do a bailout.
Otherwise the problem frames as poor people vs. well to do retired people who vote the same way as the poor people.
Quite a conundrum. But that can is being kicked down the road.
But maybe the drive to spend, spend, spend and create inflation is partially a way to relieve the burden of these pension obligations.
Under house arrest for a week (or more?) from midnight.What is it with Victoria??? They expect zero COVID cases? 26 positive tests and they go berserk? I can't believe what you are going through, Hal.Hal wrote: ↑Thu May 27, 2021 8:59 am COVIDs done, Vote On Next Major Issue
Not done here
Wonder how long it will stretch out for this time?
Enjoy your freedom in the US and elsewhere!
https://abcnews.go.com/Health/wireStory ... s-77935216