Originally posted by EyeoftheTiger
The problem is most borrowers cannot afford to pay both interest and principal, there hasn't been enough wages growth.
Stopping immigration isn't the solution, need stronger unions to get wages growth. Need immigrants to vote Labor, then empower the unions and smash the rich with huge taxes.
Stopping the WRONG type of immigration IS part of the solution.
Smashing the 'rich' is counter productive as capital will simply flee the country
If stronger unions raise wages production will flee the country
We could fix a lot of our problems by encouraging domestic production
Stop paying billions for useless military toys from the US and Eu
Slash government waste
Force the big corps to pay taxes instead of offshoring profits