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BANGKOK 19 February 2019 01:20
rooster59

U.S. Senator Warren launches 2020 campaign, sounds note of economic equality

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On 2/10/2019 at 9:12 PM, Orton Rd said:

The trouble with socialism is eventually you run out of other peoples money- M Thatcher. Bleeding the rich has been tried, it has never worked.

The funny thing is that America is already practicing socialism.  But only for rich folks....

 

[Trump is promoting socialism for the rich and harsh capitalism for everyone else in other ways. GM has got more than $600m in federal contracts, plus $500m in tax breaks. Some of this has gone into the pockets of GM executives. Chairman and CEO Mary Barra raked in almost $22m in total compensation in 2017 alone.

But GM employees are subject to harsh capitalism. GM is planning to lay off more than 14,000 workers and close three assembly plants and two component factories in North America by the end of 2019.]

 

https://www.msn.com/en-us/news/opinion/trump-offers-socialism-for-the-rich-capitalism-for-everyone-else/ar-BBTr9Ux?ocid=wispr

 

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1 hour ago, Berkshire said:

The funny thing is that America is already practicing socialism.  But only for rich folks....

 

[Trump is promoting socialism for the rich and harsh capitalism for everyone else in other ways. GM has got more than $600m in federal contracts, plus $500m in tax breaks. Some of this has gone into the pockets of GM executives. Chairman and CEO Mary Barra raked in almost $22m in total compensation in 2017 alone.

But GM employees are subject to harsh capitalism. GM is planning to lay off more than 14,000 workers and close three assembly plants and two component factories in North America by the end of 2019.]

 

https://www.msn.com/en-us/news/opinion/trump-offers-socialism-for-the-rich-capitalism-for-everyone-else/ar-BBTr9Ux?ocid=wispr

 

...which is something less than one half of one percent of GM total revenue. Agree that they shouldn't  get tax breaks.

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18 hours ago, Berkshire said:

GM is planning to lay off more than 14,000 workers and close three assembly plants and two component factories in North America by the end of 2019.]

That's inevitable and would have happened anyway. When AI finally arrives, that is just the taste of what is to come for manual workers.

Sad, but computers and robotics are making humans irrelevant when making stuff. 

All going to backfire immensely when a/ not many are earning enough to buy the stuff the robots make, and b/ when all the young, unemployable men riot and burn the whole thing down ( that's IMO ).

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