Trump Administration Predictions (2 Viewers)

[Pat Hartman]

You still think this inflation was caused by Biden? Where do you get your economic information?

Actually, it was probably caused by George Washington.

Are you kidding? Immigration needs fixing, but it has been a bipartisan election point for 50 years.

Except that no Republican ever opened the borders totally and even sent planes out around the world to bring in the new slave class.

And the whole country benefitted by the flow of illegal aliens.

That's about as stupid as it gets. Maybe you should ask some of the residents of the border towns who can no longer use their own hospital.

By the way, a Republican presided over the fall, a Democrat over the rebirth. And then a flim-flam man from New York took all credit.

BUT it was a Democrat (Bubba) who set the crisis in motion by removing the separation of commercial banks from investment banks.

Financial Services Modernization Act of 1999 (Gramm-Leach-Bliley)

Explore the Federal Reserve's history

www.federalreservehistory.org

This led to all sorts of really bad things. It took a while to work up to a collapse point though and Bush took the hit even though he didn't cause the problem. Glass-Steagall was passed in 1933 to fix the problems that caused the crash of 1929. Once investment banks were given access to all that insurance money by Bubba's Congress , there was no stopping the train wreck.

I predict that if we continue going the way we are, with half the country paying taxes for the benefit of the half not paying any, then society may re-evaluate that ... who knows

Since it is Thanksgiving time, let me suggest that you study the Plymouth Colony and then explain to us why socialism - which was the first governing arrangement failed so miserably.

Occupy Plymouth Colony: How A Failed Commune Led To Thanksgiving

It's wrong to say that American was founded by capitalists. In fact, America was founded by socialists who had the humility to learn from their initial mistakes and embrace freedom.

www.forbes.com

 

[Steve R.]

Immigration needs fixing,

So what is your proposal?

 

[Thales750]

More accurately, why was their death interrupted and nature prevented from taking its course? Result is the same but shifts the "blame" to where it belongs...

They were kept alive to provide services for the ruling class. They also could survive in villages where the local geography would support them, and that was significant to be sure.

It's a sure bet that US Steel would not have built shanty towns and company stores if they had robots. I'm guessing the gentry would not have had sharecroppers if they had automated field hands.

And we know that the millions of truck drivers, and the tens of millions of support staff that services the interstates, are going to come on some hard times. Maybe end of days, like the factory workers before them.

So yes, you are correct, many of the will not survive the coming winner-take-all world that is being created. All of us database developer have blood on our hands as well.

 

[Thales750]

So what is your proposal?

First, you have to understand my perspective. Unlike some people, I have witnessed first hand the benefits to our society and the economy. So that makes me automatically less hostile towards immigrant labor. I have been connected to the construction business since the mid 80s.

It wasn't just cheep labor that made south of the border workers valuable, it is their work ethic and pride in accomplishment.

This is a simplified version. Contrary to what many people believe, we didn't give hands outs to the tens of millions that came here to work, they got jobs.

However, two institutions absorbed of the majority of the cost of immigrant labor.
1. Local schools get their revenue from property taxes, and the system was designed for the cost ratio of the standard American Family with 2.4 kids per unit of housing.
2. Local medical centers like hospitals, especially hospitals, took on the burden of paying for these worker because in many states (including Texas) it is a law that emergency rooms have to stabilize anyone that comes there.

So my plan was to make it where anyone could show up at the border, have a back ground check and get a green stamp.

Now any of these folks could work legally, but employers had to pay a fee for each hour worked, or somethin like that. If the company got caught hiring not legal aliens, huge fines.

How to disperse these funds? lets say $2 per hour to local schools, and $2 dollars an hour to local hospitals, and $1 dollar to local collection enforcement.

Every body wins, indigenous American citizens have a 5 dollar and hour differential and none of the local schools or hospitals are over stressed. And, the people that benefitted the most for this higher productivity / lower cost labor, would pay the bill, namely the home builders that made profit from it.

This is simplified, but these people would also be paying standard income tax and SS. Win, win, win

 

[Thales750]

That's about as stupid as it gets. Maybe you should ask some of the residents of the border towns who can no longer use their own hospital.

I know right? I've only been in construction since 1986. What could I possibly know about the benefits, to our country, of this labor from south of the border?

You are actually correct for a change. Hospitals absorb most of the burden. I've know that for 30 years. I actually live among the unclean, the heathens, the outcast. lol.

 

[Thales750]

BUT it was a Democrat (Bubba) who set the crisis in motion by removing the separation of commercial banks from investment banks.

SEC regulations are supposed to evolve over time. Bubba, saw us through some of the best times in US history, only your fake news saw it differently.


In your eyes, every problem comes from the left, and every solution from the right.

 

[Thales750]

After further research, I stand on the idea that "petrodollars" is merely a nomenclature issue. It is a convenient name applied to dollars spent on oil. But we talk casually about food dollars, transportation dollars, housing dollars when we budget our purchases using formal budget techniques. The use of the Petrodollar is simply because the DOLLAR (not the petrodollar) is seen as the most stable and viable of currencies.

However, you have to watch out for the Triffin Effect - which requires the dollar to dynamically expand in response to demand at the global level but doing so reduces its stability, whereas keeping it stable can cause depressions due to insufficient working currency for businesses.

This idea reminded me of the Heisenberg Principle and the Goedel Completeness theorem. (The commonality is a tight linking between two inter-related factors that can't act independently, so favoring one up disfavors the other.) Which makes me think that the Triffin Effect is statistically based.

The fact the Oil has been tied only to the dollar, well the pound sterling as well, but kinda small potatoes, gives it the opposite of FIAT.

Our currency has survived serious over easing (money printing) for many decades with no relationship to inflation. Our inflation has never been about that. So the dollar has been the most stable currency in history, and you're still looking for ways to say why it is not?

Admittedly, there are other factors, one being the only way to buy a Boeing, or almost anything else for that matter, in the years after the rest of the world was recovering from WWII, was with dollars. Okay, that's a given.

But what about now? We have more of a trade deficit than every other country in the world combined. How is it that our economy has not spiraled out of control?


Oil, we have the only money you can buy it with, and we are the protectors of the hen house.

 

[NauticalGent]

Oil, we have the only money you can buy it with

Actually, a few have either bought and/or sold oil in a different currency: Sadam Hussain, Mohamar Kudafi, and Chavez...didn't work out so well for them.

 

[Thales750]

Actually, a few have either bought and/or sold oil in a different currency: Sadam Hussain, Mohamar Kudafi, and Chavez...didn't work out so well for them.

Don't bite the hand that feeds you.

 

[The_Doc_Man]

It wasn't just cheep labor that made south of the border workers valuable, it is their work ethic and pride in accomplishment.

You DO realize that this direction of conversation smells strongly of a desire to return to slave labor, do you not? Next thing you know, you'll probably end up saying that the South was right to secede from the union in 1861.

 

[Pat Hartman]

In your eyes, every problem comes from the left, and every solution from the right.

Not true. It takes Congress to pass laws and there are way too many feckless pieces of dog doo that call themselves Republicans. I only blame Bubba for laws because YOU blame Trump. I think we both know that Congress makes laws and the Executive Branch enforces them - except of course when the administration doesn't like the law. Then they usurp the power of Congress by simply waving a finger and ignoring laws they disagree with.

Just keep importing your replacement slaves.

 

[Pat Hartman]

All of us database developer have blood on our hands as well.

Anyone who does their job exceptionally well is to blame also. When you are a slacker, you create additional job openings

 

[Thales750]

Anyone who does their job exceptionally well is to blame also. When you are a slacker, you create additional job openings

What I meant was that we created effiencies that eliminated jobs

 

[Thales750]

You DO realize that this direction of conversation smells strongly of a desire to return to slave labor, do you not? Next thing you know, you'll probably end up saying that the South was right to secede from the union in 1861.

Not sure what you mean.

 

[Pat Hartman]

What I meant was that we created effiencies that eliminated jobs

I know what you meant. I was just pointing out that doing your job to the best of your ability has the same effect as IT or even an efficiency committee making the workplace more efficient. So, to my knowledge, I never developed any IT solution intended to eliminate jobs. Most development occurs as a result of growth and process change.

Robotics is something else entirely. YOUR goal is to eliminate human jobs and you make no bones about it. You are proud to do that. Mine goal is to make the workplace more efficient in general and allow the existing staff to process more data accurately not to throw them into the dustbin.

 

[Thales750]

I know what you meant. I was just pointing out that doing your job to the best of your ability has the same effect as IT or even an efficiency committee making the workplace more efficient. So, to my knowledge, I never developed any IT solution intended to eliminate jobs. Most development occurs as a result of growth and process change.

Robotics is something else entirely. YOUR goal is to eliminate human jobs and you make no bones about it. You are proud to do that. Mine goal is to make the workplace more efficient in general and allow the existing staff to process more data accurately not to throw them into the dustbin.

And yet, millions of jobs have been eliminated because of databases. I'm not so much proud of it as I have become aware (since 1974 when I read I Robot) that the old ways are dying out, and not at all in the same way that 25 million autoworkers replaced 25 thousand coach builders.

 

[AccessBlaster]

And yet we keep importing millions of unskilled labor that will surely be replaced by robots, go figure.

 

[Pat Hartman]

not at all in the same way that 25 million autoworkers replaced 25 thousand coach builders.

The AI and robot replacement will be far more disruptive because new jobs will not be created as a byproduct. With people having no work to occupy them, what will they do? Spend all day on social media as the dumbos do today? I guess we'll need more people to grow marijuana because we need the mind dulling effects to keep people content to lie in their lounge chairs pushing buttons. We won't need new cars because we don't have anywhere to go. We don't need Cruise ships because we don't have any money to take vacations.

There is a class of people who hate work or who have no skills with which to obtain interesting work. My biggest blessing in life was being born with a brain that enabled me to go into a line of work that I love so much I would pay to do it. And on this site I give it away for free just because I enjoy solving problems and helping others. But the large majority of people, even if they don't necessarily love what they do, at least take pride in being able to be a contributing member of society. What happens to those people when there is no meaningful work for them to do? this is a huge problem for society and no one is thinking very hard about the societal problems caused by the coming displacement that are looming in the not too distant future.

 

[The_Doc_Man]

And yet, millions of jobs have been eliminated because of databases.

In the mid 1960s, there was a turning point in USA accounting (banks, government benefits, taxes, and other clerical things) where there were more jobs than there were people to fill them. IBM's OS 360 and other operating systems came into being with a sigh of relief that banks could finally keep up with their required accountability via programming. I respectfully - but EMPHATICALLY - suggest that some of those millions of jobs were (and still ARE) jobs that nobody could fill because the skills required were not present in the population.

You talked about immigrants coming in and taking menial jobs. I countered with a reference to the 1861 slave trade.

Not sure what you mean.

Yes you know, you are just evading the issue. If you consider the Maslow pyramid, the illegal immigrants are at the bottom of that pyramid, seeking survival from one day to the next. They are the lowest level of wage slave. They have the freedom to leave except that they can't pay to get back, they spent all their money on the coyotes who bring them in and then fleece them and leave the little lambs for the potential slaughter. I would say it is a terrible thing, but the border runners are usually from their own country or from a country along the way to get here. They are here by illegal means and find themselves in an untenable situation. They are in a cleft stick of their own making, as the old saying goes.

 

[Isaac]

I know right? I've only been in construction since 1986. What could I possibly know about the benefits, to our country, of this labor from south of the border?

You are actually correct for a change. Hospitals absorb most of the burden. I've know that for 30 years. I actually live among the unclean, the heathens, the outcast. lol.

I think you're a little behind the times. With e-verify construction companies aren't hiring people with no documentation. But they may be hiring people with borrowed documentation