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To: Oblomov who wrote (184094)	7/28/2002 3:23:47 PM
From: portage	Respond to of 436258

>>What wealth has been created by the wealth transfer programs of the last 70 years? How 'bout executive stock option riches ? <g, or not> As for the gold as currency theory, not sure I buy it, but I've seen it mentioned by a number of the armageddonists. At a minimum, they think it will retain value better than the alternatives.

To: Oblomov who wrote (184094)	7/28/2002 4:10:40 PM
From: Terry Maloney	Respond to of 436258

OB, it's just an idea I picked up from watching Robin Hood as a kid ... or maybe it was in the bible somewhere. <g> What wealth has been created by the wealth transfer programs of the last 70 years? I never imagined that wealth creation was the goal of such programs, as the poor will always be with us ... more something along the lines of mere human dignity, human survival. He ain't heavy, he's my brother ... that sort of thing. Best, Terry

To: Oblomov who wrote (184094)	7/28/2002 4:22:15 PM
From: Mark Adams	Respond to of 436258

What wealth has been created by the wealth transfer programs of the last 70 years? Someone paid taxes to provide my mother with basic needs for a period of time when my father lost it mentally, removing her sole source of financial support. And subsidized my education (such that it is <g>). I've gone on to create some wealth for myself, but much more so for those I labored for, and the government, in the form of taxes. As long as we have private ownership of limited land, those born into poverty have some right to a chance of success, subsidized, IMO, by taxes on those of us who have made it. If you want to grant rights to an acre or two of land to every newborn, then I say we can do away with social programs. Otherwise, we further concrete in a caste system, which ultimately results in a smaller total pie for all. Just my humble, uneducated opinion.