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It is not capitalism when the markets are controlled by the government to enrich themselves and their circle of cronies. More like Corporatism, Fascism etc.
It is not capitalism when the markets are controlled by the government to enrich themselves and their circle of cronies. More like Corporatism, Fascism etc.
And that is one of my points. People are so convinced that Obama is different, he is not. Also Reid and family are benefiting from the Obama administration money grab. He disgusts me. Pelosi the same. They are simply a thieves with a government title.
I don't care if you are democrat or republican any time a politician says the answer is higher taxes, RUN! They are greedy and they will never be satisfied and tomorrow they may consider you rich.
AnesthesiaMD, I can see why you are coming to that conclusion but it is not my intention. Taxes will keep people poor, the more they take from people the less they have to invest resulting in making it hard to build wealth.
No I don't agree to a wealth tax but I think it is very greedy and hypocritical of Obama and other politicians to keep hammering they want more tax revenue. I am pointing out that Obama, Reid, Pelosi etc already have wealth. Buffet, the hypocrite that he is already has wealth but he keeps his taxable income low so what the hell does he care if Obama raises taxes on income. More people should be able to build wealth but it is hard when we have politicians who are constantly putting their hands in our pockets.
OK. I agree with this. I still don't know what the answer is though. How do you make it more "fair". Everybody can't be wealthy. If everybody got a big enough raise to afford a Ferrari, the price of Ferraris would keep going up until very few people could afford them again. If the fed wants to keep printing money (the "if" was rhetorical) while keeping inflation relatively low, they can't let everyone have a piece of the pie. If everyone is rich, then no one is rich. That is capitalism, and that is why over time the income gap will keep rising.
Keep money out of politics. No super Pacs, no--companies are people too bs. No insider trading by government officials. Perhaps term limits too. None of this forcing people to purchase a for-profit product and then calling it a tax. Whether Obama care's intentions are good or not, its still a large transfer of money from a large group of folks to smaller group of well off folks, who lift no fingers, brake no sweat in the healthcare trade.
Obama is already campaigning for more money after the partial government shutdown and the debt ceiling fight and the failed Obamacare rollout Obama is opening a six-week burst of fundraising for Democrats, offering an early look at how he'll frame the messy health overhaul rollout and recent government shutdown for donors and voters ahead of next year's pivotal midterm elections.
And that is one of my points. People are so convinced that Obama is different, he is not. Also Reid and family are benefiting from the Obama administration money grab. He disgusts me. Pelosi the same. They are simply a thieves with a government title.
I don't care if you are democrat or republican any time a politician says the answer is higher taxes, RUN! They are greedy and they will never be satisfied and tomorrow they may consider you rich.
You got it Petch. It is all a dog and pony show.
Obamacare for example was put out via propaganda as to help all American's and divisive tactics have also been employed where it is the (poor against the middle and upper class)
The Middle and Upper Middle Class being the ones that will pay for it.
The cronies at the top implementing all this are doing no such thing to help the poor nor middle class but a favor to the rich elites at the top since it was going bankrupt.
The scum at the top want the gravy train that is Big Pharma and Big Insurance to keep going and want all American's to pitch in and pay for it rather than for costs to come down as would happen in a free market.
Here are the top Lobbyists to politicians which should be enough to tell everyone who the main benefactors will be.
OK. I agree with this. I still don't know what the answer is though. How do you make it more "fair". Everybody can't be wealthy. If everybody got a big enough raise to afford a Ferrari, the price of Ferraris would keep going up until very few people could afford them again. If the fed wants to keep printing money (the "if" was rhetorical) while keeping inflation relatively low, they can't let everyone have a piece of the pie. If everyone is rich, then no one is rich. That is capitalism, and that is why over time the income gap will keep rising.
If everyone could afford an actual Ferrari then the next luxury car will make the current Ferrari look like a Honda Civic, and the Honda Civic will be junk car.
And while the rich will always have the top of the line goods, if everyone was rich, everyone's standard of living will be much higher.
In other words, the poor in an era where everyone is rich will make todays poor look even poorer.
OK. I agree with this. I still don't know what the answer is though. How do you make it more "fair". Everybody can't be wealthy. If everybody got a big enough raise to afford a Ferrari, the price of Ferraris would keep going up until very few people could afford them again. If the fed wants to keep printing money (the "if" was rhetorical) while keeping inflation relatively low, they can't let everyone have a piece of the pie. If everyone is rich, then no one is rich. That is capitalism, and that is why over time the income gap will keep rising.
The people who insist on the welfare way of life automatically disqualify themselves from any hope of building wealth. The middle class who don't understand finance and how to build wealth will continue to buy liabilities and will borrow money to buy even more liabilities. As I said previously they get caught in a rat trap.
There are people who understand that in order to grow wealth they must think and do like the rich (educate themselves in finance, buy assets-invest, build a successful business, keep educating themselves). This is the group that has a chance to become wealthy but the government grab is making it difficult for them. The truly rich will continue to grow richer regardless of Obamas propaganda.
Nothing can be done for the poor and the middle class who refuse to educate themselves and change how they view money and use money. So Obama is just selling a bunch of propaganda and the poor and middle class buy into it.
OK. I agree with this. I still don't know what the answer is though. How do you make it more "fair". Everybody can't be wealthy. If everybody got a big enough raise to afford a Ferrari, the price of Ferraris would keep going up until very few people could afford them again. If the fed wants to keep printing money (the "if" was rhetorical) while keeping inflation relatively low, they can't let everyone have a piece of the pie. If everyone is rich, then no one is rich. That is capitalism, and that is why over time the income gap will keep rising.
Yes, there will always be a gap between the capitalist class and everyone else.
But what we have today is the government and capitalist class in one, not competing as is done in capitalism but colluding together and not allowing the markets to work as they should naturally.
The disastrous policies wrote by the capitalist class and passed off to their cronies in DC allowed them become richer (like Free Trade) but it has hurt everyone else in America. There is no Free Lunch.
American's with stagnating incomes can no longer afford the ever increasing costs of healthcare, so rather than have the costs come down as would happen in a free market, the lobbyists in the Health and Insurance Industry cry foul and want the government to prop them at our expense just like they have been doing with the financial sector.
Everyone else is taking a cut from these disastrous policies, and the few at the top do not want to take a cut when they are the ones responsible for it.
99% of Americans do not have the monetary nor political connections like the top do, when it comes to buying the government but they want to blame it all on everyone below them.
Obamacare for example was put out via propaganda as to help all American's and divisive tactics have also been employed where it is the (poor against the middle and upper class). The Middle and Upper Middle Class being the ones that will pay for it.
Yes the middle class are angry and they seek out people, Obama, Reid, Pelosi who agree with their anger, who cheers them on and holds their hands straight off the cliff into poverty. A dog and pony show.
OK. I agree with this. I still don't know what the answer is though. How do you make it more "fair". Everybody can't be wealthy. If everybody got a big enough raise to afford a Ferrari, the price of Ferraris would keep going up until very few people could afford them again. If the fed wants to keep printing money (the "if" was rhetorical) while keeping inflation relatively low, they can't let everyone have a piece of the pie. If everyone is rich, then no one is rich. That is capitalism, and that is why over time the income gap will keep rising.
If we gave everyone in the country the exact same amount of money in a short time you would have those who increased their wealth, maintained their wealth and those who lost it. We would not have the huge discrepancy caused by QE though.
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