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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: MSI who wrote (7910)1/6/2003 11:26:24 AM
From: MulhollandDriveRead Replies (2) of 306849
 
>>I recently read someone who lived through the 30's, who said in spite of extreme poverty, much worse than today, there was a fundamental difference, greater hope and optimism, and sense of cooperation. Unlike today in the poorer regions where people feel hopeless, no economic mobility. I don't know if that's a result of the all-powerful central gov't taking over and contaminating sense of community, or policies of globalism over domestic health, or what. But it seems real<<

it is real.

i have spoken to people who lived in that era too...but you must also remember there was not the social "safety" net in place that we have today....and certainly the rate of taxation was almost non-existent, especially when it comes to the multiple layers upon layers of taxable "events" in their lives...so programs like the "new deal" had promise, simply because of the nascent level of taxation that existed and the idea of everyone "pitching in" a bit more to help the poor seemed like i good idea...

who at the time had any idea that the wealth transfer system would balloon to current levels....

you may disagree, but i think much of the hope and optimism and cooperation stemmed from a sincere belief that everyone was willing to do their part to put the country back on their feet..

now the expectation is the govt should do it *BECAUSE* "i already paid" for that...
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