Trump tax cuts for the wealthy made this worse. They need to be clawed back.
This has to be one of the most politically biased topics when it comes to the media. You never hear these issues when the Republicans are in office. Of course the idea isn’t wrong, it’s just the timing is predictale (Republicans not in office and it’s almost election time).
The media is mostly owned by 6 conglomerates that are ran by billionaires who fund the right. It’s predictable because it’s by design. We are basically back in the gilded age.
Interesting, is there a list of these companies and which brands they own?
Wow, that’s a lot more entangled than I thought it was going to be. Thank you for this information.
Bleacher Report has connections? I just thought they were some blog summarizing WWE back when I cared about pro-wrestling.
“Absorb to control” seems to be the motto
It’s a terrible visualization, there’s no tangling. Categories like sports are drawn as a point, and all sports media companies have a line drawn to that point. If you look only at the blue and white parts, not the gray, it’s not tangled.
It also only shows five big companies, when it should also include News Corp, iheartmedia, Warner, Sinclair, Hearst, etc.
Do you have a source for this? I’ve seen charts like these, but they never have a date on them, so I can’t tell if they’re still accurate, or out of date.
Forbes. I didn’t link the article because it’s paywalled (I get it with my Apple News) and I thought this answered the question. I didn’t bookmark the article to post again.
Thanks 👍
With a little reverse-image-searching, it also looks like it’s from 2018. I like this graphic, I’d love to see a more recent version of this. For instance, I think Disney aquired FOX in 2019, and this chart still shows it being owned by 20th Century Fox.
Tax billionaires and corporations properly and they can fix the debt in 5 years.
I’ve always kinda felt that a Venezuelan/Zimbabwean type currency crash has always been the end goal when it comes to US debt.
Borrow more money than exists many times over.
Spend the money
Devalue the underlying currency of the debt to effectively zero
Fuck over millions upon millions of people
But hey, the spending was, in the end, all free!
Every central bank system is a perpetual debt machine. It’s why the founding fathers specifically fought against them being established here. If you print the money then loan it to a government, how does the government pay that interest? Central bank loans the government $100 at 1% interest, even if they spend none of it, how do they pay the 1% when the issuer of the currency is also the loaner? Governments have to continue to accumulate debt in this system. They have always been a perpetual and compounding debt system.
I dont think they’ve had that kind of foresight tbh. The goal is to make lots of money and kick the can of being fiscally responsible down the road to the next administration.
If a global USD is devalued that far, its not just bad for America.
I mean that’s not what happened in Venezuela at all but ok…
I mean, I was more looking for examples of currencies that had crashed to near zero than the specific driving forces behind the illustrations, but ok.
Yeah but you literally stated the reasons why…
we will end up at “end game scenario” we saw in X by these hypothetical steps, which are different steps to X but the same “end game scenario”
This isn’t a conceptually difficult hypothetical to follow.
Don’t you understand? Every casual comment made in passing online needs to have been put through rigorous academic peer review and include citations on international economies and the mechanics of global currency exchanges, or the commenter must face complete social ridicule and ostracization. /s
Have the Pentagon pass a fucking audit and withold money if they don’t and is fixed in a year.
Failing five in a row is not a joke. Just tell this to your friends when they come talking about Trump and don’t see the big picture.
