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Re: Economy Deeply Divides Fed  

By: Decomposed in ROUND | Recommend this post (1)
Wed, 31 Aug 11 5:03 PM | 30 view(s)
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Msg. 34729 of 45651
(This msg. is a reply to 34728 by clo)

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clo,

re: "I take issue with your premise. Many have taken advantage of the system, created nothing, adding nothing, yet reaped monies, bonuses, even though their business policies created the economic depression we are in today! "

Huh?? You're taking issue with a scenario that doesn't exist - a free economy - while describing a problem that does exist in our heavily regulated, MISMANAGED economy.

In other words, your example supports MY position. A government-managed economy ultimately results in malaise, widespread corruption and economic calamity.





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The above is a reply to the following message:
Re: Economy Deeply Divides Fed
By: clo
in ROUND
Wed, 31 Aug 11 4:52 PM
Msg. 34728 of 45651

Decomp,

"Every single thing the government does to "help" is actually doing harm. Since government does not produce anything, whatever action it takes comes the expense of someone else who earned money, who deserves money, and who is obviously more productive (in that he had money the government was able to appropriate) than the recipient of the government action."

I take issue with your premise. Many have taken advantage of the system, created nothing, adding nothing, yet reaped monies, bonuses, even though their business policies created the economic depression we are in today!
IMO, that's nothing to brag about... clo 


OCU posted this on FFFT:

A "For the Rich, By the Rich" Economy

by Thom Hartmann

August 29, 2011

There's more evidence of a widening wealth inequality gap in America thanks to 30-plus years of Reaganomics. According to The Atlantic magazine - two-thirds of all new income in America between 2002 and 2007 went to just the top 1% of Americans. That's 2 out of every 3 dollars in America being sucked up by the richest of the rich.

Not to mention - that the wealthiest 400 Americans - our nation's most senior oligarchs, who own more wealth than the bottom 150 million Americans - have seen their incomes double over the last twelve years while their tax rates have been cut in half. Talk about a "for the rich, by the rich" economy. Wealth inequality in America is at levels not seen since the 1920's - and we're now a more unequal nation than the Ivory Coast, Pakistan, Ethiopia, and Kazakhstan according to data from the CIA Factbook.

So when the entire American middle class disappears, then can we all accept that Reagan's vision of America - and the direction that the current Republican Party has this nation headed - will lead us all toward ruin?

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