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

To: combjelly who wrote (795027)	7/13/2014 8:21:43 PM
From: TopCat	2 Recommendations Recommended By longnshort TideGlider Respond to of 1583365

"The Founders didn't anticipate large, multi-national corporations. Nor did they anticipate concentrations of wealth. Most of them were against both." Never mind that there was more concentration of wealth when this country was founded....by the founders themselves....than there is now.

To: combjelly who wrote (795027)	7/13/2014 8:22:09 PM
From: 2MAR$	Read Replies (1) \| Respond to of 1583365

Well said, now that world soccer is over & Rupert Murdoch News Corp has won his multi-billion new rev stream in 4yrs for next World Cup, back to US politics just who is the GOP going to run? Talk about a huge reality check...

To: combjelly who wrote (795027)	7/13/2014 8:25:55 PM
From: i-node	Read Replies (1) \| Respond to of 1583365

>> The Founders didn't anticipate large, multi-national corporations. Nor did they anticipate concentrations of wealth. Most of them were against both. You're full of shit. Totally don't know what you're talking about. If they didn't anticipate large, multi-national corporations (and I doubt they anticipated them, too) then how were they "against" them? The truth is no one anticipated large, multi-national corporations -- but they exist as an argument AGAINST big government, NOT in favor of it. As to concentrations of wealth I think Jefferson was abundantly clear on his thinking: “To take from one, because it is thought his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers, have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to everyone the free exercise of his industry and the fruits acquired by it.” — Thomas Jefferson, letter to Joseph Milligan, April 6, 1816 And Adams: “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence. If ‘Thou shalt not covet’ and ‘Thou shalt not steal’ were not commandments of Heaven, they must be made inviolable precepts in every society before it can be civilized or made free.” — John Adams, A Defense of the Constitutions of Government of the United States of America, 1787 If they were concerned about "concentrations of wealth", why not do something about it? Why not insert a little tax policy in the Constitution that limits it? They could have done that. Concentrations of wealth are a natural by-product of the nation's success. And of course, they are a particularly POSITIVE development, not negative as your post would suggest. Concentrations of wealth are what creates incentives for economic activity, and that is what creates growth and success. Economics isn't your thing.