wealth is unethical. everyone should make the same universal income

[Toddsterpatriot]

Affordable housing caused the Real Estate crash of 2008. Government healthcare programs caused healthcare to become unaffordable. Right now there is no great food problem but, let the organic freaks loose and there will be. Neo-Marxists fuck up everything.

Rampant speculation caused the crash

No, it was Barney Frank's oversight of Fannie Mae who created 'affordable housing' loans that allowed people to lie about their income qualification based on the false assumption that Real Estate values could never go down. Those mortgage instruments were certified by Fannie Mae which allowed them to be bundled into securities. Typical Neo-Marxists creating problems where none existed then.....Spending more money on government programs to solve the problems they created.

That is a joke

Republicans controlled Congress. How did Barney Frank get to run things

He and his butt buddy Herb Moses created these liar loans that were certified by Fannie Mae....It had nothing to do with congress or the People.. Affordable housing legislation did not include being able to lie about one's income.

What a crock

The bust was created by those speculating and creating financial instruments that were unsupportable. Frank had nothing to do with it

The bust was created by those speculating and creating financial instruments that were unsupportable.

I know......mortgages......crazy, huh?

 

[Leo123]

What a crock

The bust was created by those speculating and creating financial instruments that were unsupportable. Frank had nothing to do with it

Frank created the low income 'stated income' loans that were SUPPORTED and certified by Fannie Mae. Why would anyone NOT create financial instruments from those mortgages? This is what happens when Neo-Marxists stick their fingers in the economy under the guise of 'helping' 'the poor'.....Talk about a crock.

 

[Markle]

everyone deserves access to affordable housing, free health care, and advanced education

If everyone made the same, housing prices would be affordable.

My highlight!

 

[Leo123]

I know......mortgages......crazy, huh?

Yeah, don't tell the Neo-Marxist dufuses that mortgages are bought and sold all the time.

 

[Markle]

The bust was created by those speculating and creating financial instruments that were unsupportable.

I know......mortgages......crazy, huh?

The bust was created by Congress forcing FANNIE and FREDDIE to lower their standards and to increase the percentage of sub-prime loans in their portfolio. That resulted in lenders having to make far more sub-prime loans than they would have without the pressure from Congress. See Barney Frank and Chris Dodd.

 

[Leo123]

The bust was created by Congress forcing FANNIE and FREDDIE to lower their standards and to increase the percentage of sub-prime loans in their portfolio. That resulted in lenders having to make far more sub-prime loans than they would have without the pressure from Congress. See Barney Frank and Chris Dodd.

Yes however, it was DEMOCRATS, who were over seeing Fannie and Freddie, who were the architects of those sub-prime loan programs. The most famous.....Barney Frank who falsely declared Fannie Mae solvent even while his liar loan programs were failing.

 

[Thinker101]

It they manage their money wisely, they can.
Employers should not be held responsible for employees dumb financial decisions.

Do you not realize that if an employer pays so little that the employee needs welfare to survive you are subsidizing the employer with government funds?

If you're an adult working a min wage job you failed at life.

Doesn’t excuse their exploitation while they hold low wage jobs. When that person moves on, they will replace him with another low wage worker

Who in turn should move on.
If you dont work to better your situation you have no one to blame but yourself.

That’s the point

That ladder to success is no longer there. Low skilled labor used to move towards manufacturing or maybe a union job where they could support a family. Those jobs have disappeared.

Yea you can enter a minimum wage job and maybe move up to ten bucks an hour. But the track to twenty dollar an hour jobs is not there

Especially when you feel the company "owes" you anything...dumbass.

 

[Markle]

People survived in America before any government social programs existed. Children went to school in America before any state or federal funding existed. People got medical care in America before any federal funding existed. People still live below the poverty line, People still go to school, but the schools are often poor, and medical care for the needy is worse than ever. Be careful what you ask government for, because you may get it.

Precisely!

 

[deanrd]

everyone deserves access to affordable housing, free health care, and advanced education

Why? Who believes that?

 

[AntonToo]

everyone deserves access to affordable housing, free health care, and advanced education

How does that make wealth unethical?

 

[rightwinger]

If “one” is willing to work

There are 30 million low skilled workers. You got 30 million better jobs lined up if they only apply themselves more?

Please share with us the typical income of a household in which one of the workers earns minimum wage. I'm looking forward to your educated response.

Sorry pal

I do not accept homework assignments. Do your own research

 

[rightwinger]

Rampant speculation caused the crash

No, it was Barney Frank's oversight of Fannie Mae who created 'affordable housing' loans that allowed people to lie about their income qualification based on the false assumption that Real Estate values could never go down. Those mortgage instruments were certified by Fannie Mae which allowed them to be bundled into securities. Typical Neo-Marxists creating problems where none existed then.....Spending more money on government programs to solve the problems they created.

That is a joke

Republicans controlled Congress. How did Barney Frank get to run things

He and his butt buddy Herb Moses created these liar loans that were certified by Fannie Mae....It had nothing to do with congress or the People.. Affordable housing legislation did not include being able to lie about one's income.

What a crock

The bust was created by those speculating and creating financial instruments that were unsupportable. Frank had nothing to do with it

The bust was created by those speculating and creating financial instruments that were unsupportable.

I know......mortgages......crazy, huh?

Not the mortgages but how they were bundled with high risk instruments.

 

[rightwinger]

People survived in America before any government social programs existed. Children went to school in America before any state or federal funding existed. People got medical care in America before any federal funding existed. People still live below the poverty line, People still go to school, but the schools are often poor, and medical care for the needy is worse than ever. Be careful what you ask government for, because you may get it.

Precisely!

Henry Ford never said that

 

[rightwinger]

Do you not realize that if an employer pays so little that the employee needs welfare to survive you are subsidizing the employer with government funds?

If you're an adult working a min wage job you failed at life.

Doesn’t excuse their exploitation while they hold low wage jobs. When that person moves on, they will replace him with another low wage worker

Who in turn should move on.
If you dont work to better your situation you have no one to blame but yourself.

That’s the point

That ladder to success is no longer there. Low skilled labor used to move towards manufacturing or maybe a union job where they could support a family. Those jobs have disappeared.

Yea you can enter a minimum wage job and maybe move up to ten bucks an hour. But the track to twenty dollar an hour jobs is not there

Especially when you feel the company "owes" you anything...dumbass.

Especially when they just got a fifty percent tax cut

 

[Thinker101]

If you're an adult working a min wage job you failed at life.

Doesn’t excuse their exploitation while they hold low wage jobs. When that person moves on, they will replace him with another low wage worker

Who in turn should move on.
If you dont work to better your situation you have no one to blame but yourself.

That’s the point

That ladder to success is no longer there. Low skilled labor used to move towards manufacturing or maybe a union job where they could support a family. Those jobs have disappeared.

Yea you can enter a minimum wage job and maybe move up to ten bucks an hour. But the track to twenty dollar an hour jobs is not there

Especially when you feel the company "owes" you anything...dumbass.

Especially when they just got a fifty percent tax cut

Sad life when someone feels they are entitled.

 

[Leo123]

Not the mortgages but how they were bundled with high risk instruments.

Those 'high risk instruments' were GUARANTEED solvent by Fannie Mae and Barney Frank. You are using hindsight seemingly without understanding what really happened at the time while blaming 'the rich' which is classic Neo-Marxist thinking.

 

[Markle]

I'm not saying everyone gets a McMansion, goes to Harvard, and eats surf and turf every night.

I'm saying everyone with a job should be able to afford a cheap apartment, enough to eat, and enough to take care of themselves.

It they manage their money wisely, they can.
Employers should not be held responsible for employees dumb financial decisions.

Do you not realize that if an employer pays so little that the employee needs welfare to survive you are subsidizing the employer with government funds?

or the employee is in the wrong job for their spending habits.

I've already addressed that.

Do try to keep up.

So you oppose all personal responsibility. What fun is life in that case?

 

[easyt65]

"wealth is unethical. everyone should make the same universal income"

You only hear this from rich liberal elitists...and they all share the same caveat, that the statement does NOT apply to them personally...

 

[Leo123]

Precisely!

Henry Ford never said that

The statement is correct no matter who said it.

 

[Leo123]

"wealth is unethical. everyone should make the same universal income"

You only hear this from rich liberal elitists...and they all share the same caveat, that the statement does NOT apply to them personally...

'Liberal elitists' = Neo-Marxists