131
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 04 Jan 2025
131 points (97.8% liked)
news
24001 readers
849 users here now
Welcome to c/news! Please read the Hexbear Code of Conduct and remember... we're all comrades here.
Rules:
-- PLEASE KEEP POST TITLES INFORMATIVE --
-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --
-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --
-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today . Twitter screenshots still need to be sourced or they will be removed --
-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--
-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--
-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --
-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --
founded 4 years ago
MODERATORS
Imagine a burger:
"Hey Bank-chan, I have this idea for a restaurant that sells balloon animals. I think I'm going to charge $12 for a burger+balloon combo. Can I have 30,000,000 of the new money to do it?"
"Sure, Slimeball-kun. Here you go!"
Nobody has enough money to buy stupid borger
"Hey Bank-chan, I'm declaring bankrupcy. you're only getting $2,000,000 back on the investment"
"But you and 99999 other people were supposed to make me profit!"
Local news: "Your local bank is freaking out"
"Oh holy shit, get my money out of that bank!" x9,999,999
"Omg I don't have enough money if 9999999 people withdraw their savings"
bank run
bank collapses
nobody can make any businesses
feds try to step in... again
Only this time nobody wants to buy the dogshit bonds because BRICS is trying to divest. B&RI is using USD as toilet paper
"Idk, maybe raise taxes 88% on the lowest 25% of Americans?" - Elon Mu$$k
lowest 25%-sama can't afford food
also that real estate bubble that was giga overdue happens because of the week-decade thing
cool zone begins
Meanwhile China enjoys a functioning, self-sufficient economy because they are capable of doing anything
I imagine it's something like that.
The only way out (other than compete collapse) is going back to 1940s taxes where the rich were paying 90% after a certain threshold and, uhh, gestures broadly at the state of US politics
Barely. Even if the US met its spending through gigataxes, the taxes would go towards genociding teenagers, chauvinistic enforcement of the petrodollar, corporate buybacks, R&D on planned obsolescence, political ads, and recruiting troops.
I can think of a third, much more sinister way our of a capitalist pinch
That would have to come after complete collapse. There's no left movement in the US that could overthrow the government.
a third way, eh? :)
Fascism!