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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Moominoid who wrote (7043)8/13/2001 11:09:23 AM
From: PMG  Read Replies (1) | Respond to of 74559
 
David, I was joking! Of course I am not a socialist!!! The take that Germany is a "socialist" country is, how can I say it, wrong. Of course here is a developed socialy system and stuff like environmental regulation but not socialism. Of course, socialism is no on/off thing, there are many degrees. But it is a common belief, even of the Social Democratic Government that even regulation should be done in a way that is maximal market compatible. Like imposing taxes on fuel to drive down demand and encourace car manufacturers to develop low consumption engines. Then, using a progressive income tax scheme it is tried to redistribute consumer income so that the rich get not so fast richer and that there is an equality of starting chances among all the young.

Hope that helps a bit...

cu
PMG



To: Moominoid who wrote (7043)8/13/2001 11:24:31 AM
From: westpacific  Read Replies (4) | Respond to of 74559
 
David - Goverment has 4 purposes according to the Constitution and our founding fathers.

1) Protect our borders
2) Police our cities
3) Provide a court system/justice
4) Provide us liberty

This was it, noting more, nothing less.

Government overstepped its boundries starting in the 1930s and has gone off the cliff ever since.

In 1930 we spent $10 per citizen
In 1960 we spent $100 per citizen
In 2000 we spend $10,000 per citizen

The government has no right to tax us (according to the Constitution) for more than the above 4 points. That money should stay in the publics pockets and all other services, Water, Sewer, Communications.... should be paid by the individual and not via taxes.

Time people understood that the private sector and not government is much more efficient in a market dominated society, this is not a socialist/communist soctiety - but it is becoming one.

Our founding fathers established America to get away from monarchist, socialist and communist. We are failing in a big way and the American dream is fast disolving. One needs to take responsiblity for their position in life, but the lazy, weak and poor all want someone else to pay and take care of them. The problem is their are few doers and many followers looking for a free ride.

All the best

West



To: Moominoid who wrote (7043)8/13/2001 1:25:53 PM
From: KyrosL  Read Replies (1) | Respond to of 74559
 
David, just to get back to some practical stuff, do you have an opinion on the Australian dollar?