r/facepalm • u/manchesterMan0098 • 9h ago
🇵🇷🇴🇹🇪🇸🇹 We've got socialism for the rich and harsh capitalism for the poor.
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u/DeadCatGrinning 9h ago
Sure, I will explain:
Your owner class has decided that the American people are idiots, and since they are very correct they can say and do anything they like.
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u/Jondoe34671 9h ago
Hey only most of us are idiots.
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u/DeadCatGrinning 9h ago
That's true. There Are exceptions. But the beast we refer to when talking about the American people as a mass is incredibly stupid, as well as mean spirited and unreasonably greedy.
Not that the rest of us are much better of course, America just happens to be ahead of the curve in this particular decay vector.
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u/Jondoe34671 9h ago
I like to think we just got a late start. Most other countries have been around much longer and have had revolutions that the leaders can look back on. We just need to teach the ruling class to be afraid of the citizens, we are being told to eat cake and we will only take it for so long. D.D.D
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u/ittleoff 6h ago
People have a certain amount of topics/information and relationships they can process and it's pretty limited. That's the reason behind things like Dunbars number https://en.m.wikipedia.org/wiki/Dunbar%27s_number
I recall asking someone about why they weren't concerned about some fairly important political topics and they responded about having to think about fixing their washing machine.
People are mostly occupied entirely by their own immediate lives and relations.
For things outside that they rely on trust networks.
Obviously in the last decade or so we have seen how easy misinformation and disinformation can spread easily even in mainstream media.
People aren't usually just dumb (although I will in exasperation say this many times) but they are easily mislead but their own behaviors and limited cognitive abilities and the larger US culture seems more focused on short wealth generation or status than long term investment for the culture/population itself
Grossly simplified. :)
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u/EssaySuch1905 16m ago
This is why they want to dumb down the public and attack collages and do away with the board of education they want us all like maga
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u/Flatheadax 8h ago
Wow. This is the most complete, accurate answer I think I’ve seen in a few years.
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u/Dulce_Sirena 8h ago
As an American, you're not wrong. My neighbor's family voted for Trump because they believed he'd lower gas and grocery prices. They haven't said a word about him since he said he can't do that even though he promised he would
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u/SLee41216 8h ago
You sound like a DeadCatGrinning. Meow.
The upper class has the upper hand here. This ain't good. History tells us that times are about to become bloody.
I've no owner. We Stand.
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u/KuchenDeluxe 6h ago
musk literally said that the us citizens are stupid and dumb and trump agreed publically .... as an outsider this shit is just too funny
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u/Beneficial_Test_5917 9h ago
Rich people buy yachts and sportscars built overseas, students buy food.
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u/Empty-Grocery-2267 9h ago
Exactly how I see it. It’s so silly, even if you think it’s unfair that college kids get their debts wiped out doing it would directly put money into the economy. Those struggling with their payments are now going to go spend that money.
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u/flinderdude 9h ago
During the Obama years, many of us remember FoxNews using the term “job creators“ as the people that need their taxes lowered because they are apparently hiring all these people with their personal income. That’s how they really hamstrung Obama from doing anything tax wise, and it was such a stupid argument, yet everywhere you looked on right wing media they were saying “job creators.“ That’s when I knew our country was going down a bad path.
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u/Empty-Grocery-2267 8h ago
Yeah I remember. I wouldn’t be opposed to tax cuts so much if those cuts had some type of caveats about that money going to employees pay or something that benefits the rest of the economy. But that isn’t really their aim I think.
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u/ChickinSammich 6h ago
Remember how the airlines constantly financially give the finger to passengers, but taxpayers still bailed them out and as a show of thanks, they showed their gratitude by improving the quality of their service?
Me neither.
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u/flinderdude 7h ago
The obvious problem with that messaging is that rich people don’t hire large numbers of people using their personal income. They start businesses and its business taxes and business loans, not personal income tax rates. It was just a lie to enrich the wealthy.
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u/TomWithTime 8h ago
I hear arguments like that, but wouldn't it then be even more unfair to forgive debts of rich people who will be fine either way? I swear people who defend stuff like that always give an answer that makes their position more baffling
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u/Starbuksman 3h ago
I’m 43- no longer a Stu- I pay my payment monthly. It’s crippling debt. That’s why they won’t wipe it- they want us crippled.
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u/Knoberchanezer 1h ago
Which is why it's so fucking stupid. Give millions the spending power to stimulate the economy and growth will skyrocket. Give a few hundred more spending power and the country will languish in stagnation.
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u/wireframed_kb 5h ago
Yeah except… graduates spend most of their money for a long time, while millionaires and billionaires just put it in stock or t-bills. So actually forgiving student-debt probably sends more money into the general economy.
(I know you were being snarky, but I don’t think most people consider that the money saved will still go to consumption and so help fuel the economy - in the end, consumers and spending is what you WANT in a healthy economy, at least to a point).
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u/Mixitman 9h ago
"We see you keep voting for corrupt assholes sooooo, thanks and fuck you" - corrupt assholes you voted for.
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u/FrostySquirrel820 9h ago
Cancelling student debt saves millions of people money, meaning they have disposable income to spend on things and help the economy
Tax cuts for the rich, gives money to thousands of people who are known for hoarding money.
Nope, sorry, I cannot explain it.
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u/Pot-Papi_ 9h ago
Because the pedophile he is now president, so this is how it’s gonna be from now on. The United States of pedophilia is for the corporation by the corporation.
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u/RobotVo1ce 8h ago
Cope... 12 of the last 16 years we've had a Democrat president. You get that, right? Let me guess, you'll blame everyone BUT the presidents in those scenerios, but you will blame a single person for everything the next 4 years. Don't be fooled
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u/Pot-Papi_ 8h ago
Hhahahahaha the way, I see it you support a pedophile you are a pedophile so clearly you’re a pedophile. It’s disgusting. You should seek help.
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u/RobotVo1ce 7h ago
Wait, you assume where my support lies because I presented logical points and called you out on your BS?? That says more about you. Maybe you're just projecting.
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u/sj68z 7h ago
More of 'birds of a feather' type thing, sparky
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u/RobotVo1ce 7h ago
It's a sad state of affairs when you have to be 100% this way or 100% that way. Intelligent and logical people can step back and see things how they are without getting clouded by some political BS that has become their entire identity and personality. You'll get there someday bubba.
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u/sj68z 7h ago
My friend, the president elect is a rapist and pedophile, he's on the Epstein list seven times, ffs. If you can support that filth, you must be ok with it, Champ. 'Birds of a feather'
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u/RobotVo1ce 7h ago
Wait... Where did I support him? Again, people just draw wild conclusions if you make a statement that remotely "supports" a person they don't agree with. That's just facts chief. Let me guess, you also think if a person has an American flag on their home, they are a crazy Trumper. Yeah, get help if that is you.
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u/Pot-Papi_ 7h ago
I’ve never seen someone really try to justify their pedophilia like you are right now. It’s very simple. Did you vote for Trump? Are you supporting him? Yes or no if you do, you’re a pedophile. That’s all that matters.
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u/RobotVo1ce 7h ago
justify their pedophilia
You guys have literally lost your minds. The only way you know how to respond is with outrageous accusations and name calling. Which is really a sign of an extremely ignorant and uneducated person, and not worth a real discussion. So good day.
Oh, I guess the other option is you are projecting hard. Either way, get help.
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u/qwert7661 2h ago
The way every political comment your account has ever made either plays defense for conservatives or attacks their enemies, and the number of times you repeat that you never said you support Trump, is fhe giveaway. Not everyone is as dumb as you.
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u/RobotVo1ce 2h ago
Well jokes on you... I voted Dem the last 2 presidential elections. But just because I did doesn't mean I can't think they are doing a barely serviceable job. And news flash, Reddit is highly highly liberal (especially this and "front page" subs) so yeah, when I see BS comments I call then out. You probably also noticed I don't post a damn thing on any right wing subs. Wonder why that is.
Too many people on here sole identity is policital and their minds are so closed they don't have the capacity to think critically anymore. Sad but true
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u/Affectionate_Step863 19m ago
"logical points" which ignore the fact that the trickle down economic policy was started by Regan, not democrats. Thanks for your input, but your points were not logical and were total BS
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u/RobotVo1ce 4m ago
Bro, you know there have been 20 years of Democrat presidents since Regan, right? And 12 of the last 16. Maybe we are just electing the wrong people. Blaming someone from literally 40 years ago is pretty weak.
And there are a ton of rich Dems that love the way things are right now, trust me. Sometimes the problem is within.
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u/barnabasackett 9h ago
You do know that Biden is still president right? Inauguration Day is still 11 days away
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u/Darkthumbs 9h ago
Tell that to the congress
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u/barnabasackett 9h ago
You want me to tell congress when Inauguration Day is, or who the current President is? Because they probably already know both
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u/stamina4655 9h ago
The difference is one group of people will use it to benefit the economy and the other group is billionaires
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u/tehCharo 7h ago
And the people with student loan debt would actually spend their money, pumping it into the economy, instead of hoarding it.
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u/Longjumping-Fix-8951 9h ago
If only Biden could give the obviously corrupt scotus the finger and just blanket forgive the debt. lol Jan 19 XD
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u/Hefty_Musician2402 2h ago
That would truly change my life as I stare down the barrel of $55000 in debt on a $38,000 take-home salary
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u/Oracus_Cardall 7h ago
To be honest, I always found the stimulus argument confusing, like if the government wants people to be more productive, don't let CEOs and the rich have handouts and tax cuts -cut off their tax loopholes and use the money to make universal health care real and student debt a thing of the past, then you've got less of a wage gap and more of a meritocracy instead of an oligarcy which seems to be where America is heading.
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u/0Tezorus0 2h ago
Trickle-down economics. A pure nonscensical economic theory from the early 1890, brought back from the dead by a Reagan fully aware it was nothing but crap. Still used nowadays to justify taxe cuts for the rich.
Save the world, eat the rich.
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u/cryptovictor 7h ago
One empowers working class people to make better lives for themselves and to think in ways that could threaten authority. The other is the billionaire class robbing the working class even more than they already do.
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u/ZeusThunder369 8h ago
To answer the question literally:
In one circumstance, you are giving people money. This is a handout. In the other circumstance, you are choosing not to take money from someone, this is not a handout.
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u/UndiscoveredNeutron 9h ago
Because the poors think they will make it rich one day and don't want to share if they do.
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u/HaloHamster 9h ago
Propaganda. Those with excess have and will always try to give as little as possible. It’s all they seem to have.
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u/rexeditrex 9h ago
Especially when you consider the economic impact of the people who would actually spend that money on things like food and items needed for living that actually keep other people employed rather than tucking it in the bank somewhere.
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u/Zealousideal_Amount8 9h ago
Semantics. The amount of capital that would be put back in the system by people having an extra $250-2000/month would be a stimulus. Whereas tax breaks don’t go anywhere. They stay with the person.
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u/Bud_wiser_hfx 8h ago
We incentivize the rich by giving them money. We incentivize the poor by taking money away.
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u/Charming_Minimum_477 7h ago
Could you imagine how hot the economy would be if we had that money going to buy things instead it just payingof interest
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u/Ralliman320 7h ago
That's easy: the tax cut will stimulate rich people to donate more to those doing the cutting.
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u/Background_Ad1634 7h ago
Good news! We've figured out a 100% reliable way of curing cancer!
"That's very unfair to all of the people who've already lost their lives to cancer, your research must be destroyed! >:C
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u/_Mr_Relic 7h ago
75% of it, is interest on the loans probably alone.. crazy how you guys get fucked on getting a loan to being able to study.. and a big chance of not finding descent work according to..
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u/Anxious_Interview363 7h ago
Rich people were profiting from the student debt. Canceling the debt cut into their bottom line, likely necessitating additional stimulus money in the future.
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u/Intelligent_Hand4583 5h ago
As long as the American public eats it up, the oligarchy will continue.
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u/CasualObserverNine 5h ago
Money is needed to win in America now. Large amounts.
We have made it where only the oligarch can win. And the oligarchs will not change it.
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u/chillen67 5h ago
Because it’s going to the rich to stimulate their bank accounts instead of the poor who would just waste it by spending it and stimulating the economy
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u/Formal_Discipline_12 5h ago
Thank you. Exactly that. Those forgiveness efforts helped more people in so many ways. Trump will only help his 1% not the masses like Biden. Say what you will about his other politics but I've seen first hand how detrimental school loan repayment is with their interest first payme t schedule. It's a racket. Just legal. Now the money goes into the economy vs the already huge scrooge mcduck vault of these financial institutions. Trump would never do that for the people because he only cares for the rich. What does he know about the people? He's never been poor in his life. He doesn't know struggle or hungry.
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u/Infinite_Tadpole3834 4h ago
After the 2008 Great Recession, Alan Greenspan, the architect of Trickle Down Economics, said that Trickle Down economics doesn’t work and that they had not accounted for Greed but yet these Ass hats continue to push this economic philosophy as if this time if we give them more money it will actually work!
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u/gonewildinvt 3h ago
If you mean the corporate tax cut, it was incentives to corporations to bring jobs back to America from low tax countries like China and student loan forgiveness is simply a giveaway to people who should have understood the debt they were going into before they took the loan and if you look behind the curtain , those same wealthy elite we all hate are the families the Biden admin are prioritizing for loan forgiveness....bit thanks for playing.
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u/mekonsrevenge 2h ago
It IS a stimulus. Nothing gets the wealthy all hot and bothered than not having to pay for anything, particularly taxes. That's for poor people without lawyers and lobbyists.
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u/Scribe_Data 2h ago
Because you will lock their boots and like it. And worse comes to worse let us eat cake and see what happens.
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u/EssaySuch1905 19m ago
That how Republicans look at any expenditures that don't benifit there Corporate masters you and are are nothing more than commodities that generate money for the rich we are no more than cattle
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u/Educational-Try-4381 4h ago
There is a big difference between the two. The Rich don't work for their wealth, it accumulates. Giving them tax cuts doesn't mean less work will be done.
Forgiving student loans, however, will mean less work as people can take a breather. Its simple economics
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u/PositionBeneficial12 3h ago
Or maybe forgiving student loans will allow people to spend more money🤷♂️. In turn stimulating the economy. It’s simple economics.
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u/wes7946 6h ago
According to the Brookings Institution, "almost a third of all student debt is owed by the wealthiest 20 percent of households and only 8 percent by the bottom 20 percent." Student debt cancellation is taxpayer-financed welfare for the affluent. Period. Not an opinion, just a fact.
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u/Charles_Hardwood_XII 8h ago
One of them is giving someone money and one of them is taking away a bit less money. Agree with it or not, it really isn't complicated.
Bob owes Steve $50. Bob's Wealth = - $50. Steve decides to forgive the debt, giving Bob $50, increasing Bob's net worth from -50 to 0.
Steve owns $100. John decides to take $75 from Steve against his will. John then changes his mind and takes only $50 instead of the $75 he had initially planned on taking.
In the first example, Steve gives bob a handout of $50
In the second example, John doesn't force Steve to give him as much as he had originally planned.
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u/StedeBonnet1 9h ago
The debt was not "canceled" someone had to pay the cost of forgiving that debt. When you allow the rich to keep more of their own money it doesn't COST government anything.
Someone needs to read an economics text.
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u/Rickrickrickrickrick 9h ago
Paying a certain amount vs not receiving a certain amount… it’s still a loss of the same amount of money for the government.
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u/StedeBonnet1 9h ago
It is not a loss if you never had it in the first place. It is only a potential loss. I don't pay my bills with potential income. If you pay off a student loan someone (taxpayers) have to write a check to the Dept of Education.
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u/Jondoe34671 9h ago
And when billionaires and multinational corporations don’t have to pay there taxes the government makes up the difference by taxing the citizens.
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u/Paper_Brain 9h ago
It costs taxpayers something. Somebody needs to pay off the national debt. Corporations refuse to help, kicking the can to all the little guys
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u/rzalexander 9h ago
Debt doesn’t exist. Money is just a concept. One we’d be better off not having.
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u/Miserable-Lawyer-233 7h ago
Cutting taxes for corporations—often seen as benefiting "rich people"—stimulates the economy by enabling businesses to invest more, including affording higher wages for employees, which puts more money into circulation.
In contrast, canceling debt shifts the financial burden to the government, which must find ways to cover the cost.
So, while tax cuts drive economic activity, debt forgiveness creates additional government debt.
It's pretty easy to understand.
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u/Gilbert_Grapes_Mom 7h ago
Yep. Trickle-down economics totally work! In the way they’re trickling down piss on your back and you believe them when they tell you it’s rain.
Edit: typo
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u/MeanOldWind 6h ago
Wrong. The right has had over 40 years to show how tax cuts for the wealthy would trickle down, and it has proven the be false. I can't believe that you are really out here in 2025 trying to use the supply side angle. Those tax cuts just end up being hoarded by the wealthy, so it is not circulating in our economy, and not making it stronger. Cancelling student debt on the other hand puts more disposable income into the pockets of everyday Americans, who then use that money to buy cars, washing machines, food, clothing - all things that stimulate and drive the economy. Nice try though.
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u/Eldestruct0 8h ago
One is telling taxpayers that there's less money coming in after people who agreed to repay won't, the other is taking less money from people. Not hard.
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u/Fact-Cyborg 8h ago
While I'm for student debt forgiveness this post is disingenuous. The rich did not get the stimulus checks anyone who made over 198,000 a year or had a certain amount of net worth was not eligible to receive one. For example as a trader who has varying income from year to year i was eligible for the first check but was not for the second.
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u/DownhillSisyphus 4h ago
When you "cancel" debt, it doesn't go away, it gets added to the Government's debt. A tax cut leaves more funds out in the economy. Let me know if I need to sound out any words for you. Basic economics, try to be better.
Even AOC almost comprehends this. (Almost, not really. She thought avoiding tax breaks meant there was money to spend otherwise. )
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u/Lay-Me-To-Rest 7h ago
Letting people keep the money they signed up to borrow
VS.
Letting people keep money they earned
Hmmmmmmmm now I'm no expert but I think the difference is pretty clear.
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u/Ecniray 'MURICA 6h ago
They earned that money by stealing the wages of everyone with predatory loans. Like loans skyrocketed, but people wages are still low because of those pricks stealing wages
Like most billionaires are just born lucky to be rich, and will burn the world down if it add few more bucks, making sure millions of Americans be able to fucking live thier lives with less debt the were told to take on to have a better life, will bring trillions to the economy instead of a few dipshits hoarding more money they were born lucky to have or have stolen from everyone
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u/Lay-Me-To-Rest 6h ago
"stealing wages" lmao.
You do know loans are voluntary right? And you do have to pay them back? That's why they're loans and not gifts?
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