Social Engineering / Wealth Redistribution

[tombogan03884]

Dang, can I get "un-educated"?  Can I "un-learn" so I can get some of this money.   Wasted all that time going trying to improve myself.  Paid my way through college, for what?   So somebody whose been sittin' on the arse there whole life can reap the benefit.




She's always a must read.

Pretty much, welcome to the world accord to Marx   

[runstowin]

Some excerpts from Paul Craig Roberts:

The US budget deficit for fiscal year 2009 already appears to be on a path to $2 trillion, and that is before Obama’s stimulus program. What we are looking at is a $3 trillion budget deficit if Obama’s program is enacted in time to impact the economy this year.

The federal government’s likely solution to the debt problem will be to monetize the debt, that is, the government will finance its deficit by printing money. Debt will be inflated away. But for those Americans without jobs or whose incomes do not rise with inflation, life will be cruel.

Life is already cruel for Americans living on retirement savings. Not only has the stock market bust reduced their wealth by half, but also their remaining assets are producing no income. Interest rates are so low that debt instruments produce no income, and there are scant capital gains in the stock market. Retirees are living by consuming their capital.

The trade deficit can be significantly reduced by bringing offshored jobs back to America. One way to do this is to tax corporations according to the value added to their output that occurs in the US. Corporations that produce their products for US markets abroad would have high tax rates; those that produce domestically would have low tax rates.

http://www.vdare.com/roberts/090121_real_estate.htm

[deamonpi]

Life is already cruel for Americans living on retirement savings. Not only has the stock market bust reduced their wealth by half, but also their remaining assets are producing no income. Interest rates are so low that debt instruments produce no income, and there are scant capital gains in the stock market. Retirees are living by consuming their capital.

Its a bad investment portfolio to have all retirement investments in one area, including stocks.  Don't get me wrong, I'm not saying they deserve(d) to fail, or or to suffer, but...( I don't know).  To be sure any money not having been cashed out is not money, If you put in $1000, then market gains make it $5000, them market crashes and you cash out with its worth being $2000, that's still a $1000 gain not a $3000 loss.  Its not real money unless its money, otherwise its perceived value.

The trade deficit can be significantly reduced by bringing offshored jobs back to America. One way to do this is to tax corporations according to the value added to their output that occurs in the US. Corporations that produce their products for US markets abroad would have high tax rates; those that produce domestically would have low tax rates.

I don't like the Gov't interfering with the market.  For almost any reason, especially when it is an Emergency measure, thay always screw those up.