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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%4:00 PM EST

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To: Cogito Ergo Sum who wrote (71837)3/11/2011 1:33:34 AM
From: Maurice Winn2 Recommendations  Read Replies (2) of 219172
 
Seriously, people do generally seem to be stuck in Stockholm Syndrome mode, feeling loyalty and willingly submitting to people who boss them around. The only way democracies get to be how they are is because most people do not want freedom, preferring to be told what to do by their political bosses, while paying most of their money to those bosses.

Even though a lot of lower income people don't pay taxes directly, they do indirectly. They think that by soaking the rich, they are avoiding taxation, but in fact the rich become just the tax collectors for the government.

The lower income earners buy goods and services from Bill Gates, Warren Buffett, Larry Ellison, Exxon, BP, rich lawyers, Wal-Mart, GE and all the other rich people. The prices paid necessarily cover all costs and necessarily leave profits for the shareholders. The profits are taxed. So the money goes from the lower income people to the rich companies and individuals, and then in a single bound straight into the pockets of the politicians.

If taxes were cut to nothing, then the rich people and companies would compete away that extra money in normal market supply and demand pricing action, meaning prices to the lower income people would be lower. Having an IQ of 110 or lower, they have trouble figuring that out, so they go on voting for politicians to collect loads of loot for themselves.

It's Stockholm Syndrome in action.

Mqurice
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