1%er$ Are Strangling Our Economy

I cannot BLAME most companies that are sitting on oodles of cash for not investing it in job creation.

There are people, PEOPLE WITH NAMES AND HISTORIES, who truly are guilty of crashing this economy.

Turning their CRIMES (in COLLUSION with other PEOPLE IN THE GOVERNMENT... WHO ALSO HAVE NAMES) into a mindless class conflict screed is counter-productive.

Capitalism is NOT the villian.

GOVERNMENT is NOT the villian.

Corruption of the capitalism system in collusion with a corrupted government IS the problem.


Not every person with capital, not even every member of the TOP 1% or the top 1/10th of 1% is guilty of ANYTHING.

What has happened is that we have allowed immoral people in some businesses to take over and control our government.

That's exactly how they could CRASH the economy, GET PAID BY THE GOVERNMENT FOR DOING SO, and still nobody is guilty of any CRIME.

It isn't a class war (yeah yeah, of course class is important, obviously)

It's a battle for the SOUL of this nation.

And MAMMON is winning, folks.
You're right, editec. In 2008, we were promised this:

[ame=http://youtu.be/6jJvkkNmR_8]Obama Declares Plan to Cut Deficit in Half - YouTube[/ame]
Not only was the deficit not cut in half by the end of 2012, the Debt Clock in Real Time says our debt is $16,874,323,500,000.00 right now.

 
...The flaw in the conservative argument is that they propose that if you give a larger amount of money to the wealthy they WILL invest in and spur economic growth. This is a fundamentally flawed theory. First of all when you create a tax code that allows the concentration of wealth...
Clarity is needed here because muddle words reflect muddled thought. Taxes take money from people and give the money to the government. Taxes cannot "give a larger amount of money to the wealthy", they can only confiscate less of the wealthy that those people created.
...Arguing against the profit motive and greed is somewhat specious IMO....
Too many people confuse greed and profit, either because they lack personal success with making a profit and calling it greed is a 'sour-grapes' defense mechanism, or they make up their own fantasy definition of the word 'greed'. In order to comunicate we need to agree on common definitions (from here):
greed
(grd)n.
An excessive desire to acquire or possess more than what one needs or deserves, especially with respect to material wealth: "Many . . . attach to competition the stigma of selfish greed" (Henry Fawcett).
People who regularly succeed at making a profit are those that have overcome both greed and fear and provide benefits for which others are gratefully willing to exchange their money.


Re the definition of greed, if you have a person who has already made millions and wants more, then he/she already has what they need. "Deserves" is another question, IMHO you desrve whatever you can honestly earn. And many might say that such a person does have an excessive desire to acquire or possess wealth if they already have millions in wealth. My point in rebuttal to RichardH is that such people are more likely to reinvest than not.
So you want all Americans to bow and scrape to monarchs in the world when all they have is a couple of hundred thousand in their savings account instead of going for the dream of looking on a monarch as less wealthy than his top five thousand American workers?

What is causing you this insistence on keeping Americans in serfdom in the world?

I kind of like the idea that we have people who were born with no silver spoon in their mouth rising like stars and leaving the likes of 5,000 improved public libraries across all the states of this wonderful, fair land when the roll is called up yonder.

And we don't have to wear wigs and bow to people who rule millions but haven't one single equal friend who'd tell him to wake up and smell the coffee and do right when they screw up and need a reality check from a peer!

America gives human beings that ability and incentive, unless you socialize us and put us under the auspicious charge of a central committee who eventually falls to a strong figure who has no compunctions about starving out hundreds of thousands of people if he wakes up on the wrong side of the bed.

I like our founder's plan better. Let the best man win by granting him his personal pursuit of happiness. :thup:
 
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True enough.

But the real downfall of America will be the mythology that lowering taxes for the rich will help the economy. The only thing that the Reagan and Bush tax cuts did was creat a huge National Debt and transfer trillions of dollars from the middle class taxpayer to the super wealthy.

You sure it wasn't the military spending which contributed to any of that?
 

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