Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Mad2 who wrote (71452)	5/6/2012 6:21:23 PM
From: GROUND ZERO™	1 Recommendation Respond to of 103300

An excellent article... only a stupid socialist would ever think stealing someone's wealth in order to give it to some undeserving person helps any economy... socialism robs the economy of its ambition and weakens its growth potential... ovomit is completely clueless and so are the politicians who follow him... GZ

To: Mad2 who wrote (71452)	5/6/2012 7:09:24 PM
From: Little Joe	2 Recommendations Respond to of 103300

"The key point made here is that the super rich are responsible for advancing the standard of living in the USA because they are mostly investors and not consumers as a large percentage of their wealth is reinvested in our economy as compared to being consumed. " That would be true if we had a rational money system that rewards productivity and effort. Instead we have a crony system that directs money to schemes which are financially rewarding but produce no true wealth. We end up with more money in the system and no wealth produced. It is exactly what Hayek predicts when excess money is injected into the system. lj

To: Mad2 who wrote (71452)	5/6/2012 10:03:16 PM
From: DuckTapeSunroof	Read Replies (2) \| Respond to of 103300

Re: "the super rich are responsible for advancing the standard of living in the USA because they are mostly investors and not consumers....' Even the lowly 'consumers' of the Middle Class see their money cycled into productive investments... through pension and other retirement plans, personal investments, Hell... even the money they spend at the local WalMart or grocery store gets recycled into investments by the corporations themselves. Your argument that only the "1 %" are economically good for society doesn't pass the smell test. It's economic hog-wash.