Why do we need a big reset economically in the world?

[Anonymous]

[VanillaSalt]

No but we need people to suffer and struggle. It used to be people would struggle to survive but they were more happier and suffer fewer mental issues. People need struggle to keep their minds busy and going. Eventually even entertainment gets boring but struggle gives you choice. Also suffering. Too many stupid first worlders don’t understand how good they got it compared to many other countries! Besides this suffering gives us something to compare happiness to and teaches us to appreciate it more.

[rcljr]

“ WE” don’t need an economic reset, WE need politicians in Congress that understand the basic principles of economics and know how to balance a fkn checkbook. NAFTA needs to be shitcanned, all countries need to produce their own goods in their own country and then sell for export what they don’t use domestically. Fair trade is a must, sweat shops need to go away.

[Anonymous]

I think we need communist/socialist/social democrat regime in the world. In the current system, the rich get richer and the poor get poorer. I hope one day the income distribution will be shared equally, just as men and women are equal today.

[Adam1978]

A reset will not do anything but screw regular people. Most of the rich will just move their resources and remain on top. While regular people have no or very little opportunities to do the same.

[exitseven]

We do not need a big reset. We need to go back to commonsense principles. People need to go back to work. The government needs to get it's nose out of everyone' business.

[disgustingweebtrash]

If anyone supports the great reset they're a big retard, if anyone can't see it eventually coming to something like that, they're an even greater, bigger retard.

[EnglishEuropean]

Debt is the problem. There is so much debt in the world that it can never be paid back. This wouldn't be a problem except the financial world can't function without credit. If the banks stop lending the whole financial and economic system will collapse, as almost happened in 2008. Central banks have to flood the banking system with liquidity on a daily basis to keep things going.

Sound accounting practices dictate that unpayable debts should be written off.

[Miristheiss]

That is too vague and really doesn't mean anything.

Be specific. What my or may not be needed for the economy of the world?

The entire world is also a little bold with expecting some economic change to affect everything.

[sawno]

No, but its exactly what is happening as we speak. Expect things to get very unpleasant.

[Snakeyes7]

That's the neat thing, we don't. This is just the majority of the establishment fooling the general populace that corporatism = capitalism and that it must be destroyed but the corporations are still gonna be there.

[NewgodX]

Coz the system is broken its controlled by the rich and for the rich
Others have no say on how things are

[DarkWinterNights]

We need more than an economy reset.. everything is rotten to the core with corruption. Unfortunately, the worst would likely just rise to the top again after any “reset”.

[Avicenna]

Not the reset the top 0.1% and their Communist friends have in mind

[BrosephBrostar]

We don't. I'm not going to own nothing and be happy, I like having property rights.

[Anonymous]

I guess it all depends on what you mean by "big reset." If the answer is "open the freaking economy, end mask mandates, quarantines and restrictions on people's movements, gathering and commerce" then yes--we needed that as of a few months ago.

[Still-alive]

ultimately we need to get rid of money altogether like they do in Star Trek, but that won't happen for a long time

[tartaarsaus]

Define “big reset”. There is a lot of economic policy that could/should be improved

[Anonymous]

Because they are people who want to be in power who aren’t. Their plan to gain/boost their power/control is to come up with excuses to sell your life to them.

[Anonymous]

well this is the outcome

[doopayo]

We don’t need a reset, we need reform

[yofuknutz]

What kind of reform

[888theGreat]

We don't , but now must because liberals and China destroyed the economies.

[jimmy2]

Man we need to the world mess up due to China release of yhe Pandemic

[Recurrence]

I just think rich people need to be actually taxed

[rcljr]

Rich people ( in America) foot 60% of the tax burden. Look up the numbers for the US of people with such low income they don’t qualify to pay taxes ( I am one) sure, there are rich folks that cheat, hide money or assets from the tax man, there are also middle and low income folks that do the same. One cure would be a felony law against offshore accounts… with a global economy that would be nigh impossible and burden of proof would be on government.

[DarkWinterNights]

They could tax rich people at 50% and it wouldn’t even come close to the amount of revenue a million poor people taxed at 1% would be. Which is why they’re targeting people with $600 in their accounts if the new IRS proposal in the infrastructure package goes through.

[Recurrence]

@DarkWinterNights I want 100% tax after $200 million net worth.

[DarkWinterNights]

@Recurrence, They would probably just put them into tax havens or llc’s. They have ways around almost everything. They’re rich, they own the world and us plebs pay for it. Most of our Congress are millionaires and they aren’t going to vote to tax themselves when they can just tax us more and pretend to be on our side.

[rcljr]

@DarkWinterNights , so people that work their ass off, save, invest wisely and do well should pay a bigger percent than poor folks? News flash, they already DO, next…

[rcljr]

And if they enact that America will crumble, all the rich will take their money and leave, leaving middle and lower class to cover the tax burden, NOW, you’ll be paying 100% tax after $10,000.00, you cannot force people to stay, you can’t force them to pay exorbitant tax, there are many legal loop holes and IRS plans to defray taxes. It is a complete socialist pipe dream that they think they are going to redistribute anything that belongs to someone else.

[Juxtapose]

The rich are also the biggest recipients of welfare and the biggest tax cheats known to man.

[rcljr]

@Juxtapose , define “ cheating” because the IRS is very good at catching cheaters, what they cannot do is go after people that use legal tax shelters, deferments, or trusts to legally lower their tax burden, and those things aren’t illegal even if think they are. Americans are way overtaxed anyhow. If we have money to send billions$ to every other country on the planet, we’re paying way too much tax.

[Juxtapose]

@rcljr The loopholes put in place there for the rich because they bribe politicians is illegal by its very nature.

[rcljr]

@DarkWinterNights , rich people DO own the companies that have jobs, unless you can become rich, you’ll be stuck working for people with money to pay your wage, and if they get taxed too much they 1. Fire people2. cut back inventory 3. Raise prices, in that order, they don’t have to share their wealth, it’s theirs, not ours.

[rcljr]

@Juxtapose , tell Congress to fix it, I’m sure they’ll fix it just like everything else they touch.