Donald Trump the... Socialist?

Discussion in 'Politics' started by GeneWright, Aug 1, 2020.

  1. GeneWright

    GeneWright Active Member

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    He's now talking redistribution of wealth to make changes in income disparity... I'm for it, but I'll believe it when I see it. Doesn't this position alienate a lot of his base even further? If nothing else the man can be entertaining, you never know what he's going to say next. Best guess, he's throwing out random policies to see if it sticks. See executive order banning the social media app TikTok "coming as soon as Saturday" announced last night for another off the wall example.
     
  2. toughcoins

    toughcoins Well-Known Member

    I wouldn't mistake making changes for being the redistribution of wealth if I were you.
     
  3. GeneWright

    GeneWright Active Member

    I infer a bit but what would you call changes to address excessive income disparity? You have to lower the top and raise up the bottom. The methods may vary but the end result would be by definition a redistribution of wealth.
     
  4. GeneWright

    GeneWright Active Member

    I beg you to watch the video he "agrees with"

    Here's a link to the page on twitter where he shared it: https://mobile.twitter.com/realDonaldTrump/status/1289646330361470977

    It's a pretty objective summary of our current financial situation. Let me know if you agree with it too, we may have some common ground to work on.
     
  5. toughcoins

    toughcoins Well-Known Member

    I disagree.

    The main reason the disparity is so great is because so many of us have chosen to be a tool in someone else's toolbox, instead of being the masters of our own universe.

    Take me for example.

    I work for a company that's been bought up by a Wall Street listed holding company. I am a small cog in a really big machine that leverages my labor along with that of all of my coworkers, and those of the other companies held in the portfolio. They gamble on our ability to produce, and they get paid back . . . sometimes in spades, and sometimes with debt. There's no such thing as being a big businessman without risking a lot. Big risk comes with the territory, and not everyone has the stomach for that.

    Could I do better, or have done better? Maybe, and maybe not.

    There was a time when I was offered a sweetheart deal for ownership of a pretty successful engineering firm in my youth. Being risk averse, and preferring to simply do what I knew, and was comfortable with at my existing middling salary, I politely declined the opportunity. In retrospect, that choice was the difference between me leveraging the efforts of others and being leveraged by someone else.

    At this point it is important to recognize that I needn't have been offered that firm in order to be successful. I am a believer that we create our own luck, and shouldn't wait for it to find us.

    I imagine that to the average coin collector I have a decent looking coin business for a one man band. It doesn't shine a candle to the big boys in the industry, but I am happy with how it is progressing. Could I leverage the efforts of others and really scale the business . . . grow sales and profitability? Sure . . . hire a photographer, a bookkeeper, someone to list, package and ship, freeing me up to spend most of my time buying? Sure I could, but there's that risk aversion thing again.

    While I'm not working for someone else in the coin business, I have limited the profitability and growth of my business to less than its potential.

    Those two examples are exemplary of the mindset which inhibits most of us from being as wildly successful as we see others being in big business. In both I chose to remain in my comfort zone, and accepted my limited success as a fair trade for the reduction in risk.

    To those who try, and try again and again until they finally realize their dream, I say . . . Kudos. Not only have they been rewarded for pushing themselves outside the comfort zone, but also for persisting in the face of the many challenges that inherently accompany running one's own business.

    You want to reduce income disparity? Don't penalize those whose daring and persistence should be lauded by those wanting the same . . . No, help them understand what's holding them back, and imbue in them the courage to take responsible risks and to pursue their commitments with vigor and endurance.

    You'd be surprised how many newly empowered "underprivileged" would steamroll me on their way to becoming big businessmen . . . and I'd applaud them for their success.
     
    Last edited: Aug 1, 2020
  6. GeneWright

    GeneWright Active Member

    It's not so simple unfortunately. Did you watch the video? I just found it on YouTube so here it is embedded. It goes into how once you're large enough the government has been taking that risk you speak of out of the equation. Perhaps you remember the term thrown around a lot between 2008-2011 "too big to fail"

     
  7. toughcoins

    toughcoins Well-Known Member

    That's exactly the problem. The crisis of 2008 impacted pockets of industry, and an organic recovery was reasonable to expect, so the government should not have intervened. It should have let Lehman, AIG, GM and others fail. Other companies were already looking for additional market share in those marketplaces and able to absorb the customer business and the resources that would be freed up by those bankruptcies. It was a mistake to bail them out, much like it is taboo to negotiate with terrorists . . . doing so just perpetuates bad behavior.
     
  8. JoeNation
    Angelic

    JoeNation Patron Saint of Idiots

    The typical "Everybody has an equal chance at success" BS from the the privileged. Of course a white male can work had and choose to become a huge financial success. That is built or baked into the current system. These same privileged clowns can't even understand why people that have been held down for centuries can't achieve the same success that these oblivious white people can achieve. I think that they know. I just think that they can't admit that they have been advantaged because it lessens their own pride about their own success. Time to deal with it boys. You have been living a privileged life whether you can admit it or not.
     

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