I think this is the beginnings of an economy based on perpetual growth and fossil fuel energy running headlong into geological energy constraints. Basically I see an undulatory downward path for the rest of my life. From here out, I think any rallies in our economic condition are going to be met with spiking commodity prices that knock us right back down.
Joined: Oct 15, 2004 Posts: 2232 Location: Arkansas
Posted: Thu Sep 25, 2008 6:56 am Post subject: The wealthy believe in socializing debt, not wealth
Isn't it funny how capitalism, meaning, one can fail, only applies to the little guy. In fact, the big boys passed bankruptcy reform a few years ago to make it harder for an individual to discharge their debts.
But, when it comes to the big boys in life, socializing their debt is somehow in the best interest of capitalism. Its obvious with this soon to be government bailout of the world's wealthiest, that the rules of capitalism don't apply to them. The Warren Buffets, Bill Gross', and Jack Welch's in life will never have to worry about failing, the gov't won't allow it because somehow, its better for the little guy if the few wealthies maintain their position at the top of "capitalism." How can any of the rest of us ever hope to rise to the top and share in the wealth, if the Buffets refuse to move out of the way?
So, why not socialize wealth? Any hint at socializing wealth is attacked harshly. Look at how Paulson fought so hard against penalizing worthless CEOs who bankrupted their companies and need tax dollars to bail them out.
The Indians recently clubbed a CEO to death. It seems to be the only answer. Self-defense is always justified.
But part of the problem here is that the capitalist companies have figured out that the best way to do their job is to privatize profit, but socialize risk.
Joined: Sep 08, 2005 Posts: 764 Location: Atlanta, GA
Posted: Thu Sep 25, 2008 8:03 am Post subject: Re: The wealthy believe in socializing debt, not wealth
vision-master wrote:
But they create jobs for all us schmucks.
Yeah, and then they fire us...LOL.
I've said it for ages, and I'll keep saying it until the cows come home: WE DO NOT NEED THE RICH.
There's nothing more I'd like to see is to see a vast, inescapable pit filled with 5000 very hungry crocodiles, with a plank extending over the edge of it. Feeding times would be two times a day, broadcast on nationwide TV. The crocs, as hungry as they are, will be getting the "richest" meat first, working down from there.
_________________ Nowhere to run, nowhere to hide...
...and the meek shall inherit the Earth!
Joined: Sep 08, 2005 Posts: 764 Location: Atlanta, GA
Posted: Thu Sep 25, 2008 8:49 am Post subject: Re: The wealthy believe in socializing debt, not wealth
AlexdeLarge wrote:
Byron100 wrote:
WE DO NOT NEED THE RICH.
Your right ! What we need is more poor!! And then all we need is the party bosses to tell us what to do and everything will be perfect.
Long live the proletariat........
You've heard what happened in India, right? In times of severe depression, being a richie just isn't going to be fun. And with America being like it is, any so-called "bosses" that might come about will be led to that vast crocodile pit as well...can't let those buggers starve, can we?
Although it's just starting, the backlash against the rich and powerful will eventually grow into an unstoppable tsunami which will crush the elite class into oblivion. Envy, anger and hatred will be the dominant emotions of the day, and it'll spread across the entire population. The resultant horror unleashed by the disenfranchised middle class will be something to behold, indeed.
Those who have the "goods" had better start running, and quickly, too. Time is running short... _________________ Nowhere to run, nowhere to hide...
...and the meek shall inherit the Earth!
Posted: Thu Sep 25, 2008 8:53 am Post subject: Re: The wealthy believe in socializing debt, not wealth
seahorse wrote:
Isn't it funny how capitalism, meaning, one can fail, only applies to the little guy. In fact, the big boys passed bankruptcy reform a few years ago to make it harder for an individual to discharge their debts.
But, when it comes to the big boys in life, socializing their debt is somehow in the best interest of capitalism. Its obvious with this soon to be government bailout of the world's wealthiest, that the rules of capitalism don't apply to them. The Warren Buffets, Bill Gross', and Jack Welch's in life will never have to worry about failing, the gov't won't allow it because somehow, its better for the little guy if the few wealthies maintain their position at the top of "capitalism." How can any of the rest of us ever hope to rise to the top and share in the wealth, if the Buffets refuse to move out of the way?
So, why not socialize wealth? Any hint at socializing wealth is attacked harshly. Look at how Paulson fought so hard against penalizing worthless CEOs who bankrupted their companies and need tax dollars to bail them out.
The Indians recently clubbed a CEO to death. It seems to be the only answer. Self-defense is always justified.
A snip from my earlier post goes into some detail on this subject.
"...we must be careful about what we are revolting against, as what we replace it with may be worse than what we have destroyed, so keep that in mind.
If and when America is ready for a revolt over the travesty of American political system, all you have to do is to follow the lead of our politicians and DO NOTHING.
America can be shut down by the citizens - just by doing nothing and go on strike.
When it comes down to it, we are dependent on strong government to keep the invading armies at bay. But everyday life is NOT dependent on the politicians flapping their jaws and blowing hot air out their ass.
What we are dependent on is each other and our cooperation at making life livable from the lowest crap shoveler and up the ladder to the highest doctor or airline pilot.
But coming back to reality the citizens of the US of A are...IMPOTENT and COWARDS. They will do nothing but keep taking it in the rear from their beloved political deities."
Joined: Mar 26, 2005 Posts: 3884 Location: over here
Posted: Thu Sep 25, 2008 9:02 am Post subject: Re: The wealthy believe in socializing debt, not wealth
it's the top 1% that I have a problem with, and that are set to profit from it, like buffet, who ofcourse had an information advantage that comes with the kind of money he has and was out of banking stocks before there even was so much a hint of a problem.
It's that top 1% multimillionairs that they need to tax much more heavily as they profit the most from our current system and infrastructure; they reap all the benefits, the cream of the crop of which we as a society have sown together, while the rest of us are left with very little to nothing to ever enable us to get that far ahead, or even enough time to really contemplate what's wrong with this system.
Surely taxing the rich much more heavily won't make the rest of us rich, but just a little more can make a huge difference to someone who has very little to begin with, especially in the lean times that are ahead of us in which a more social system may indeed mean the difference between life and death.
_________________ "The best thing about the future is that it comes only one day at a time."
Our workers paradise awaits us !! Think of the fun we will all have down on the collective!
if you don't have anything worthwile to post (aside from theatrics), something that contributes to the debate, an original thought even, then why do you?.....post that is. _________________ "The best thing about the future is that it comes only one day at a time."
Our workers paradise awaits us !! Think of the fun we will all have down on the collective!
if you don't have anything worthwile to post, something that contributes to the debate, an original thought even, the why do you?.....post.
The debate is between the perils of capitalism vs. the benefits of socialism. Right? The chevez article says socialism is the answer. The class warfare debate and the evils of the rich has been used in all marxist/socialist talking points. The lingo is straight from Lenin.
The relevance is that it has been tried and has failed. You substitute one set of elite with another. If you believe in socialism, it is your right. But in my humble opinion, it is not a solution to the average Joes lot in life. _________________ Viddy well, little brother. Viddy well.
Joined: Mar 19, 2005 Posts: 844 Location: Bridge City
Posted: Thu Sep 25, 2008 9:22 am Post subject: Re: The wealthy believe in socializing debt, not wealth
He's never posted anything that contributes to much on this site. _________________ "if god doesn't exist, it is necessary that we invent him" - Voltaire
Posted: Thu Sep 25, 2008 9:44 am Post subject: Re: The wealthy believe in socializing debt, not wealth
Bas,
I agree, its the top 1% I have a problem with. I have a problem with the Hank Greenbergs and Jack Welches parading on t.v. trying to scare Americans that this is a necessary for the taxpayer to bail out their failing companies, when its not.
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