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Obama a socialist?
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MyTie
Socialism! It's kind of like this! Communism on the far left, free market on the far right!
Communism - - - # - - - - - - - - - - - - - - - - - - - - - - - - - - - @ - - - - - - - - - - - - - - - - - - Totally 100% free marketIs that a scientific scale?I am socialist. I think people who make $10 million dollars a year need to be making $5 million dollars a year, and the government can use that extra five mil to fund public schools, healthcare, or education past high school. It just makes sense to me. Why these fat rich people are even allowed to pay millions of dollars for a single piece of art they'll never look at, where two thousand poor people could have been fed for a month with that money, it just boggles my mind.
/rant. I tend to think in more capitalistic terms. I feel that the system of redispursal you describe will end up failing because that $5 million redispursed will not go very far at all in feeding the masses, like you envision, especially after the bureaucracy gets done taking their cut out of it. However, the removal of funds from the higher earners will have a definite negative impact on the economy overall, as business owners have less to invest into their company, and therefore, its workers. In order to support the social systems that cost $1 trillion, the government will have to borrow the rest, usually against the value of its currency. In a twist of irony, the devalue will be at a greater loss than the amount borrowed. This means two things: 1)it is almost impossible to pay back 2)the money in people's pockets now has less buying power. Even if every dollar the government borrows lands into the people's hands (it won't), the people will have less monetary value, but more money.
So, I would be a socialist, if things were as cut and dry as: take from the rich and give to the poor. But the real world doesn't work like that. So, I'm a capitalist.
Post by
MyTie
Most people that are in the top 1% are their not by their own sweat and toil but for the fact that their great grandparents did. I can get the statistics in about 10 minutes, but most of the hyper rich are their because of a will.
Furthermore, why on Earth does someone needs 40 billion dollars like Bill Gates (he had 101 billion dollars in 1999)? Was his invention of Windows so profound that he deserves to be the richest man alive? Why should people like John D. Rockefeller have earnings so large that he is worth 1.4 billion dollars.
That might not sound like much until you hear this little tidbit: the US GDP in the year he died was 92 billion. That means he was worth a little under 2% of the nation's GDP.
Is Rockefeller's creation of Standard Oil worth so much that he should not be taxed like mad? Is oil really worth that much to people?
Some of Rockefeller's descendants include a Vice President, a CEO of Chase Manhattan, 3 governors, a senator, and a Lt. Governor. Seems like wealth can buy anything and open any doors.
Capitalism in my eyes =)
Bill Gates and John D. Rockefeller put an exhaustive amount of time and funds in philanthropy. People love to portray them as merciless greedy A holes, but the reality of life is that your world would be different without their contributions. They literally
changed the world
by contributing. Why not go after the filthy rich people that got there as thugs... Stalin comes to mind, as do others.
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