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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Hawkmoon who wrote (3031)2/19/2001 5:41:05 PM
From: Yorikke  Read Replies (1) of 3536
 
Ron,

We basically agree. But I have a bit of a problem with the statement:

<<A prime example is the previous welfare system that the liberals instituted.
There was very little "coercion" involved in making people earn the support
that the state was providing, when possible. Some people seem to think that
there are those people who are born into poverty who will never escape
from it without being put on the public dole.>>

I think you will find that history shows that a lot of current welfare legislation occurred under Republicans, and reforms under Democrats. Pointing at Liberals, making them responsible for the mess, is not only counterproductive it is not particularly correct. And I think you find, that as a percentage of public expenditure, the aid to lower classes is not particularly high. The Middle classes, particularly the retired, are the large public assistance utilizers through medicare and Social Security. And they are more likely to be Republicans and conservative!

The boggy man is not the other side; the booby man can really only be seen in the mirror, and is Us---all of us.

The points you made with regard to Public institutions, can I believe, be shown to apply just as well to Corporations. Are private institutions any less liable to fall into the same traps? Look at Xerox, it is no more efficient than some over staffed government body. Development/Life cycles are generally the same for both public and private organizations.

My belief is that the Surplus is the current problem. I'm not really particular on how we reduce it; either via greater public expenditure or decreased taxes. Both will have the desired effect, though each has its limitations.

regards,

Yorikke
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