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Originally posted by Zosynspiracy
You guys can bicker about economic ideology all you want i.e. Marx vs. Smith whatever. Bottomline is America hasn't had a truly free market for a long time, maybe if ever. We have state corporatism. Socialize the losses and privatize the profits.
Originally posted by yellowcard
Your level of economic intellect skates on the edge of naive, and uneducated.
Originally posted by grover
Originally posted by Ferris.Bueller.II
I personally don't support 'Robin Hood' monetary redistribution like the OP does. I believe people only value what they earn, not what they are given.
First off despite what yellowcard claims I am not a shill for anybody...no one tells me what to think...
second of all his argument proves the fallacy of the whole trickle down economics argument...since the rich according to it invest and create jobs...here for Americans. And he is arguing that trickle down works...elsewhere...but why bother giving tax breaks to those who do not invest in their country?
Finally....I am not nor have I argued for a "robin hood" monetary redistribution...the fact remains when an economy is broadly based...when the wealth is more evenly distributed as opposed to stacked up at the top...the nation as a whole benefits.
Originally posted by Sestias
Originally posted by yellowcard
Your level of economic intellect skates on the edge of naive, and uneducated.
Your comment, above, is aimed at Grover, I believe. That is a completely inaccurate way to describe him. The theories of economics you follow are not his, but that is just a disagreement, not proof of Grover's educational inferiority or his lack of sophistication.
I believe the new T&C emphasizes arguing ideas, not making personal insults.
Originally posted by grover
reply to post by yellowcard
What is better for a community....10 people with 90% of the wealth or the same amount of wealth spread broadly among 1000 people?
I think the answer is obvious. A deep and broadly based wealth benefits far more people than the type of pyramid scheme that trickle down economics is.
BTW I am anything but ignorant and naive.
Historically speaking extreme income inequity is the fuel that fires revolutions...not a bunch of tea baggers or loud mouths at town meetings.
[edit on 15-8-2009 by grover]
Originally posted by Ferris.Bueller.II
And how would you specifically go about accomplishing this goal, if not by severely taxing those 10% to bring their wealth down, and giving the monies acquired to the 90% to raise their wealth to equality of the 10%?
Originally posted by LoneGunMan
90% of them are sold in America, thats how much buying power we currently have. Tariffs on imported goods if done soon enough will fix the problem. If we wait much longer we will not have that kind of wealth to make tariffs work.
Originally posted by Ferris.Bueller.II
Punishing success to equalize wealth will not work. Even during grover's magic FDR to JFK 'period of prosperity' there was still the rich (successful), the middle (working), and the poor (struggling).
Originally posted by Sestias
...Wealth doesn't only "trickle down." It also moves from the bottom up, something people don't seem to want to admit anymore...
...Americans felt it was their duty to support the country that made them rich, an attitude you definitely don't see now....
...An expanding middle class will do more good for this country than all the "trickle down" effects of the lifestyles of the rich and famous....
Ask not what your country can do for you--ask what you can do for your country.
Originally posted by grover
reply to post by yellowcard
What is better for a community....10 people with 90% of the wealth or the same amount of wealth spread broadly among 1000 people?
I think the answer is obvious. A deep and broadly based wealth benefits far more people than the type of pyramid scheme that trickle down economics is.
BTW I am anything but ignorant and naive.
Historically speaking extreme income inequity is the fuel that fires revolutions...not a bunch of tea baggers or loud mouths at town meetings.
[edit on 15-8-2009 by grover]
Originally posted by grover
Kennedy's famous...
Ask not what your country can do for you--ask what you can do for your country.
...has been perverted to read...
Ask not what you can do for your country...ask what tax cut and bailout your country can give to you.
AND ya know what really bites my oh so ample butt is that all of those who are howling over the bank bailouts and all are the very ones who have defended bush minor's tax cuts to the wealthiest...
Now mind you I am not defending the bank bailouts...I think that they are wrong too...
But talk about hypocritical.