Was Pitts right?
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From: Chris Bellomy on 20 Dec 2009 16:46 dene wrote, On 12/20/09 2:05 PM: > "Chris Bellomy" <ten.wohsdoog(a)sirhc> wrote in message > news:3pudnbsPEvlX9bHWnZ2dnUVZ_qudnZ2d(a)supernews.com... >> Progressive taxation is the best and most >> efficient brake against overconcentration, for a number >> of reasons I'm too tired to list. (Any day that ends up >> with my wife in the hospital is gonna be exhausting.) > > Hope she's on the mend, Chris! Thanks, Greg. She's much better today than Friday, and plans to come home tomorrow. It's going to be a good Christmas in these parts! cb
From: assimilate on 20 Dec 2009 20:35 On 19-Dec-2009, Chris Bellomy <ten.wohsdoog(a)sirhc> wrote: > > it seems to be his key to utopia, when in reality it kills jobs and > > opens up > > more avenues for graft. If we taxed spending instead of creating our > > economy > > would be more robust. > > Let me get this straight... to stimulate spending, you want > to discourage spending. > > That's... brilliant. Did I say anything about encouraging spending? Encourage savings, capital development and outlays. This creates jobs and creates wealth. -- bill-o
From: assimilate on 20 Dec 2009 20:37 On 20-Dec-2009, Carbon <nobrac(a)nospam.tampabay.rr.com> wrote: > > These words strike me as ironic coming from someone who's whole > > political world is financed by Soros > > That's about as meaningful as saying your entire political world is > financed by Murdoch. I don't see Murdoch plow his money into conservative pressure groups whereas Soros finances every progressive group around at the same time he is shorting the American economy, coicidence? -- bill-o
From: Jack Hollis on 20 Dec 2009 20:56 On Mon, 21 Dec 2009 01:37:24 GMT, assimilate(a)borg.org wrote: >On 20-Dec-2009, Carbon <nobrac(a)nospam.tampabay.rr.com> wrote: > >> > These words strike me as ironic coming from someone who's whole >> > political world is financed by Soros >> >> That's about as meaningful as saying your entire political world is >> financed by Murdoch. > >I don't see Murdoch plow his money into conservative pressure groups whereas >Soros finances every progressive group around at the same time he is >shorting the American economy, coicidence? > >-- >bill-o Fox News has a lot more influence than all the Soros funded groups combined. And Murdoch makes money from it.
From: dsc-ky on 20 Dec 2009 21:23
On Dec 19, 7:08 pm, Chris Bellomy <ten.wohsdoog(a)sirhc> wrote: > dsc-ky wrote, On 12/19/09 7:46 AM: > > > > > > > On Dec 19, 12:46 am, Chris Bellomy <ten.wohsdoog(a)sirhc> wrote: > >> dsc-ky wrote, On 12/18/09 8:47 AM: > > >>> Hoarding is not really why there's a shortage of money in > >>> circulation... is it? > >> Hoarding may not be the best verb, but overconcentration of > >> capital is a well-understood red flag for any market economy. > >> Economies with more equitable distribution of capital are > >> more robust, with more competition and fewer single points > >> of failure. Progressive taxation is the best and most > >> efficient brake against overconcentration, for a number > >> of reasons I'm too tired to list. (Any day that ends up > >> with my wife in the hospital is gonna be exhausting.) > > >> Americans, for all their puritanism about most other > >> deadly sins, have no issue with greed. But greed is a > >> sin for a reason. I'm not even going to say what my > >> idea of that reason is -- I think it's enough to say > >> that there's a good reason. There's a difference between > >> building financial security for one's family and > >> accumulating an obscene fortune, and until we can learn > >> to encourage the former while discouraging the latter, > >> we're going to have these problems. > > > It seems to me that most of our problems are from people spending more > > than they have and taking big chances (houses, businesses, etc). > > This wouldn't happen if you didn't have people who > actually *have* that money dangling it in front of > the have-nots with sweet nothings of "easy credit" > whispered in their ears. > > cb I agree... lots of irresponsible lending practices... |