Quote:
Originally Posted by whogo
You have to be pretty damn stupid to think paying people to stay poor is a good thing.
You have to be pretty damn stupid to think paying young girls to birth bastards is a good thing.
You have to be pretty damn stupid to think that the war on poverty has accomplished anything. Just compare the 1964 stats to todays and you will realize the Great Society programs produced nothing but debt.
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By using the state as a lender of last resort that is precisely what the financial sector is doing though. Using Government subsidies to subsidise an unsustainable way of life that is detrimental to the living standards of those living in an aggressively adhered to libertarian free market.
You can scowl and vent your spleen at the man one rung below the ladder than you all you want. It won't be long before the 'Pursuit Of Happiness' fantacists are knocking on your door and asking you for a rent demand you can no longer afford or a letter that will arrive on your doorstep telling you that your health insurance will no longer be valid. The deficit was brought about by the financial sector's complete and selfish lack of desire to take any responsibility for having emergency funds in reserve in case of a catastrophic economic downturn.
In effect they basically said we'll keep all our illicit profits and dump the toxic debt on the government. They also went ahead and plundered the world economy into debt for generations simply so the taxpayer could prop up their failed businesses and take them back at a bargain basement price when the going is good. Therefore the successes of financial excess are stored in tax havens for rainy days, the failures socialised so the rest of us can pick up the tab.
The financial sector is the biggest welfare recipient of them all. For instance, they insist on passing more and more of the buck onto 'the big bad state' that they purport to rage against (but secretly adore for the propensity to bail out and rig the system in their favour) as well as members of the public who are expected to top up living wages that employers refuse to pay in the form of tips and taxes for welfare.
Imagine how much more money would be flowing in the American economy if employers even vaguely pretended to strive for a modicum of wage equilibrium that would see the exhorbitant wealth of the very rich toned down just a little and the wages of the poor and middle-class raised not drmatically but in a reasonable adjustment to living costs and inflation.
The trouble is exhorbitant and lopsided wealth distorts the market, creates an unsteady economic climate subservient to boom and bust economics and actively creates what it disingenuously masquerades as raging against. A state where there is communism for the rich, capitalism and poverty for everbody else.
The super-rich in Norway are no less happy because they are multi-millionaires rather than billionaires. Just how much more of the cake do you want to shove down your piehole's? Enough is enough. In Norway the rich are actually happy with a life of unbridled luxury in a society that has eradicated child poverty in preference to seeking an ever expending gut and global domination for no good reason other than to massage your own ego and play hardball war games with other people's lives. Neo-Conservatism is a busted flush.
None of those paid, funded and scripted by the wealthy "Wall Street traders are the embodiment of blue collar America" hacks truly represent the working man. And their attempt to twist the confessed failure (ask Alan Greenspan) of neo-Liberalism into a pitchfork waving lynchmob sought to wreak vengeance on the disabled, poor and the vulnerable is a cynical manaeuver aimed at nothing else than lining their own pockets. if you can't see through the smokescreen now then you never will.