How can we wage war on poverty that will eliminate poverty in America and the world?
By waging war on the wages generated by waging real war, and by waging a metaphorical war against those that do not work for their wages but profit from poverty through the lending of credit.
That is how to do it.
The question is, why aren’t we?
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its so interesting to see progressives borrowing the classic language of antisemitism. Medieval Economic Antisemitism is back!
Also, Bank of North Dakota fulfills a similar role to FNMA in the mortgage space- they also follow the same credit guidelines as USDA and FNMA. Also, they offer very basic checking account services that do not include atm, online banking etc. They do not represent a viable alternative to retail banking.
Secondly, capping price artificially restricts supply below quantity demanded. It causes shortages. Econ 101.
Time to have a bank like Bank of North Dakota where the money goes back into the state treasury when people pay back the loans they borrow from that kind of bank. Also, time to have a guarantee basic minimum income plus put a cap on prices on goods and services just like Franklin Roosevelt did during the Great Depression and re-introduce the Great Society programs that was introduced by Lyndon Johnson which had cut poverty in half. Finally get rid of the private sector banks since they create the Saving and Loan Banks meltdown in the 1990 and the… Read more »
Anybody that wants to understand why this is impossible needs to watch this video. It’s about immigration, but it illustrates the same issues with poverty.
https://www.facebook.com/numbersusa/videos/1241902575866435/
You’re focusing on the wrong side. Did you ever hear of the law of unintended consequences? . This is the Achilles heel of the progressive thought. So. Crack down on the creditors. Cool. Good idea. Protect the people, dude!! . Righteous!
But then, they won’t grant credit AT All to people who need it. It will move to back alleys and crime. Do you not see this???
Yeah, and we saw the law of untended consequences of deregulating the banks and the saving and loans of the 1990s and 2000 to 2008 and not holding the CEOs accountable for the mess they have created.