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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Road Walker who wrote (425932)10/14/2008 12:00:35 PM
From: michael97123  Read Replies (1) | Respond to of 1574267
 
Government bailout gave buffet a 20% upmove in Goldman Sachs. Maybe the buffet should target profits occurring from govt largesse to the treasury?



To: Road Walker who wrote (425932)10/14/2008 12:01:18 PM
From: combjelly2 Recommendations  Read Replies (1) | Respond to of 1574267
 
"Did the Bush tax cuts redistribute wealth?"

That was different.



To: Road Walker who wrote (425932)10/14/2008 12:03:53 PM
From: i-node  Read Replies (4) | Respond to of 1574267
 
>>> Did the Bush tax cuts redistribute wealth?

Of course. Any change to the tax code is going to have an element of wealth redistribution. But some are more egregious than others, and some are productive while others aren't. The Bush changes obviously resulted in a stronger economy than we otherwise would have had.

The changes Obama proposes are counter-productive, i.e., a handout that encourages people not to be self-sufficient. Socialism.

When you talk about "redistribution of wealth" from the haves to the have nots, you are talking about something that has consistently, without fail, broken economies, throughout history. In every case.

There can be no better evidence of it than the Great Society.