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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (870931)7/7/2015 11:29:46 AM
From: RetiredNow  Read Replies (1) of 1576521
 
Germany is a great example, but not for what you think. They have definite capitalist tendencies, as exemplified by an economy that has performed better than most in the EU. However, their Socialist tendencies will be their undoing. Their debt is already at 70% of GDP and their giant health and welfare programs weigh on the economy as the population ages. It's no coincidence that Germand bunds are yielding negative rates. This is stimulus gone extreme due to overspending and debt overhang that drags on the economy, making the central planners feel like they have to intervene constantly, even as markets buy up all supply of anything that's perceived as safe. When social programs like Germany's are run as ponzi schemes, which almost all are across the world, because the next generation pays for the current generation, then it is inevitably unsustainable. I would have no problem with Obamacare and a giant Social Security program in the US, if Congress raised the taxes across the board to pay for it out of current revenues, instead of putting the debt and consequences on our children. That is the problem with Socialism. They want all these things, but they want the next generation of people to pay for them. It's always implemented as theft, instead of through a collective CURRENT desire to pay for the wellbeing of our neighbors. So please give me intellectual honesty. If you want something today, then you need to pay for it today. Don't steal from my children.
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