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

To: tejek who wrote (587806)	9/28/2010 11:40:55 AM
From: HPilot	1 Recommendation Respond to of 1575539

Tim, now you are embarrassing yourself.....and all in defense of your ridiculous overlords. Obviously you are the one embarrassing yourself. only the crooks among the rich have tried to keep the poor down, because they were stealing from them. However this is a small minority amongst the rich. However, a minority the power hungry communists and socialists love to put up as the typical example.

To: tejek who wrote (587806)	9/28/2010 11:44:00 AM
From: TimF	Respond to of 1575539

The rich have had a long, storied history of keeping the poor down. You might be surprise that I mostly agree. It was Adam Smith not some wild eyed socialist that said - "People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices." Rent-seeking is old and common. The efforts of the rent-seekers are aimed more at other rich people or near rich, but the effect is often to keep the poor down. They do this primarily by using the government. They seek subsidies, special targeted tax benefits aimed at them, restrictions on competition such as government granted monopolies, tariffs and non tariff trade barriers, restrictions on entering markets such a licensing requirements, regulations that add a lot of costs for any new competitors ect. Reducing competition means the poor pay more for goods and services. The resources going in to the rent-seeking efforts reduces the resources available for productive investment, slowing economic growth and thus making the poor more poor than they otherwise would be. and all in defense of your ridiculous overlords. The closest thing we have to overlords are politicians and government officials. They are the ones with real power and authority.