a person or a company would be crazy not to exploit loopholes. I wonder how many loopholes Warren exploits to save money? The reality is, why is she not sponsoring bills, rules or laws to close those loopholes?
The reality is, why is she not sponsoring bills, rules or laws to close those loopholes?
Because complaining about problems energizes the political base more than taking credit for solving problems. (And that's assuming you can actually solve the problems, or at least create the appearance of solving them.) Amazon and Warren are both acting in their own interests based on the incentives surrounding them.
she didn't have a prayer in hell of doing that under Trump and a GOP controlled senate. Even now there's so many Blue Dogs (e.g. Democratic senators who vote in line with Republicans) that she can't get anything done.
What we need to do to stop economic crashes is well understood. Warren has written several books on it. She has spoken extensively on the topic, especially on bringing back Glass-Steagal and separating Main Street and Wall Street banks. We've ignored her because of reasons that I'll get dow
and the fact that you're gambling you won't be wiped out in the crash too. I guess if you've got Romney money yeah, that works. But if you think you're rich because you own a house and have $1 mil in your 401k, all it takes is 1 major illness if your family to wipe it all out. At least in America where we don't have single payer healthcare.
Sure, but I'm not going to live in fear of a day that might not ever happen. I also don't have much in the market to wipe out (though it's growing) and my company (that's thriving because we sell food) isn't on the stock market. Sure, a market crash hurts everyone but hurts essential industries less. My wife does taxes for a living. That's not going anywhere either.
So no, I don't really worry about a market crash at all. Honestly, best not to worry about stuff you can't do anything about.
why not? (Score:5, Insightful)
a person or a company would be crazy not to exploit loopholes. I wonder how many loopholes Warren exploits to save money? The reality is, why is she not sponsoring bills, rules or laws to close those loopholes?
Re: (Score:5, Insightful)
The reality is, why is she not sponsoring bills, rules or laws to close those loopholes?
Because complaining about problems energizes the political base more than taking credit for solving problems. (And that's assuming you can actually solve the problems, or at least create the appearance of solving them.) Amazon and Warren are both acting in their own interests based on the incentives surrounding them.
Warren is TRYING to solve problems (Score:5, Insightful)
What we need to do to stop economic crashes is well understood. Warren has written several books on it. She has spoken extensively on the topic, especially on bringing back Glass-Steagal and separating Main Street and Wall Street banks. We've ignored her because of reasons that I'll get dow
Re: (Score:2)
Save your money and invest after the crash. Sounds like opportunity to me.
Except for all the human misery (Score:1)
Re:Except for all the human misery (Score:2)
Sure, but I'm not going to live in fear of a day that might not ever happen. I also don't have much in the market to wipe out (though it's growing) and my company (that's thriving because we sell food) isn't on the stock market. Sure, a market crash hurts everyone but hurts essential industries less. My wife does taxes for a living. That's not going anywhere either.
So no, I don't really worry about a market crash at all. Honestly, best not to worry about stuff you can't do anything about.