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So what is the solution?

Buy all these mortgages, sell them at market price and tax the rich to cover the losses.

by kjr63 on Sat Jul 24th, 2010 at 08:58:15 AM EST
[ Parent ]
The solution has been available in places like Sweden since the 1930s. Sliding scale taxation, socialism (a combination of communism and capitalism), and disparagement of greed as an economic principle.

by shergald on Sat Jul 24th, 2010 at 03:08:16 PM EST
[ Parent ]
I don't think Sweden is a solution. The left is as much a tool of finance capitalism as the right. In some cases even more. The property prices have skyrocketed in Sweden last 15 years and the households are as much in debt (80% of GDP) as they are everywhere else. After all, practical social democracy is just replacing financial oligarchy with combined political-financial oligarchy. They have the same pro-financial, anti-labour economics.
The left is so brainwashed. They are all about "values." "The worker" is "pure" as opposite to "a capitalist," who is full of "greed." So labour should not demand money from the wealth they create. If they do, that is "greed." They should "protect" themselves, give all money away to "capitalist" by paying rents, taxes and monopolistic fees. Leave only enough for food themselves and work hard until 75 years old. That way they will enjoy "moral purity" as opposite to "greedy" capitalist who can only enjoy mortal life.
by kjr63 on Sun Jul 25th, 2010 at 10:33:27 AM EST
[ Parent ]

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