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What is Poverty?
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<blockquote data-quote="wkmac" data-source="post: 1012167" data-attributes="member: 2189"><p>But poverty is good for the state. It's another excuse you are fed to believe you need the state in the first place and it grants the state more reason to intervene in the market to begin with. More often than not for it's criminal friends in Corp. America. If you don't think that poverty is not contrived for monopolistic business reasons, then go do your homework and find out how big an impact to the bottomline that foodstamps are to <a href="https://web.archive.org/web/20150710161756/http://theeconomiccollapseblog.com/archives/making-money-on-poverty-jp-morgan-makes-bigger-profits-when-the-number-of-americans-on-food-stamps-goes-up" target="_blank"><span style="color: #ff0000">JP Morgan</span></a> for example. If Walmart is taking in 25% to 40% of it's revenue from food stamps and Walmart wants more revenue for more profits, will Walmart and it's corp, allies use their lobbyists and power in Washington to lessen or grow these programs? How about JP Morgan?</p><p></p><p>If the problem of poverty is solved, what does that do to the bottom lines of both JP Morgan and Walmart? If all of a sudden there was no food stamp program at all and 25 to 40 percent of Walmart revenue no longer came in the door, how would Walmart move product and re-attract customers to make up for that lost revenue stream? Drop prices maybe?</p><p></p><p>If prices drop, this means less tax dollars going to Washington to serve debt and other playthings that politicians use to buy votes with to stay in office. But if public welfare is used to support aggregate demand which keeps prices high (thus making the problem worse) and you can intervene in the market to push inflation which covers the sin of debt, you got yourself a game and the sky is the limit.</p><p></p><p>If the Occupy and Tea Party crowds could just stop for a moment from beating on their own strawmen while yelling talking points at one another, they just might combine those strawmen and begin to have a more complete picture and instead of yelling at each other, they.......oh nevermind it's not going to happen anyway.</p><p></p><p>And however bad public welfare is, Corp welfare is 100's of times worse.</p></blockquote><p></p>
[QUOTE="wkmac, post: 1012167, member: 2189"] But poverty is good for the state. It's another excuse you are fed to believe you need the state in the first place and it grants the state more reason to intervene in the market to begin with. More often than not for it's criminal friends in Corp. America. If you don't think that poverty is not contrived for monopolistic business reasons, then go do your homework and find out how big an impact to the bottomline that foodstamps are to [URL='https://web.archive.org/web/20150710161756/http://theeconomiccollapseblog.com/archives/making-money-on-poverty-jp-morgan-makes-bigger-profits-when-the-number-of-americans-on-food-stamps-goes-up'][COLOR=#ff0000]JP Morgan[/COLOR][/URL] for example. If Walmart is taking in 25% to 40% of it's revenue from food stamps and Walmart wants more revenue for more profits, will Walmart and it's corp, allies use their lobbyists and power in Washington to lessen or grow these programs? How about JP Morgan? If the problem of poverty is solved, what does that do to the bottom lines of both JP Morgan and Walmart? If all of a sudden there was no food stamp program at all and 25 to 40 percent of Walmart revenue no longer came in the door, how would Walmart move product and re-attract customers to make up for that lost revenue stream? Drop prices maybe? If prices drop, this means less tax dollars going to Washington to serve debt and other playthings that politicians use to buy votes with to stay in office. But if public welfare is used to support aggregate demand which keeps prices high (thus making the problem worse) and you can intervene in the market to push inflation which covers the sin of debt, you got yourself a game and the sky is the limit. If the Occupy and Tea Party crowds could just stop for a moment from beating on their own strawmen while yelling talking points at one another, they just might combine those strawmen and begin to have a more complete picture and instead of yelling at each other, they.......oh nevermind it's not going to happen anyway. And however bad public welfare is, Corp welfare is 100's of times worse. [/QUOTE]
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