Bernie actually said this. It's on video. My question is this: Why are the uber-rich not afraid of Bernie or Warren?
Bernie in a campaign statement: There should be no billionaires. We are going to tax their extreme wealth and invest in working people. Read the plan.
Editor: And his plan ? Bernie wants to tax 180,000 Americans, his version of the "uber rich," as much as 8% above a certain wealth baseline. I don't have that baseline in mind, but it makes no difference to me, because, after the Bernie (or Warren) wealth tax, we still have billionaires and millionaires. Nothing has changed. We still have massive income inequality as defined by these two socialists. The uber rich just have a little less money to spend on their yachts and mansions, and, the poor remain poor and dependent on Central Planning handouts as managed by the Socialist Left within the Democrat Party (and a few GOP pretenders).
Understand that the billionaire class do not fear Bernie because they know that Bernie is not proposing their banishment. If one has 5 billion and 1 billion is taken from them, their spending habits do not change. They have less to invest in their businesses, but their life-styles are not affected.
To be clear, Bernie/Warren propose to steal job creation and business investments from the rich (our nation's jobs creators). They will deny this, of course, but they cannot deny that the rich will keep on living "as the rich." Their (the rich) adjustment to the wealth tax will be to spend less on their corporations and all that "corporate investment" entails (job creation, wage increases, inventories, provisions for future growth, share-holder payments, and the like).
All we have to do to verify the above "theory" is to take a long look at Europe and its failing economies. Case closed; end of story.
Showing posts with label capitalism versus socialism. Show all posts
Showing posts with label capitalism versus socialism. Show all posts
Another example of the hypocrisy from the Left . . . . . . of such proportions that it threatens to utterly destroy this nation's foundation . . . . . . . which is a stated goal of the Left, btw
<<<< Point of this post: To make the obvious point that ours is a capitalist economic system. Capitalism built our home (picture), and gave us the ability and income to buy and upgrade this home. And, this is true for every home built in these United States of America. 230 years of prosperity, making us the most successful nation of free people in the history of the World, is all due to capitalism. Our poor are the richest poor on earth, again, because of a high grade capitalist compliment that funds our social programs and continues to lead the world . . . . . . . in spite of Obama's efforts to bring us down while making the case for "needed change." In the end, as Obama pushes his capitalist alternative, the poor are poorer than before this know-nothing came onto the scene; our work week is shorter; welfare rolls have grown off the charts and the workforce is the smallest in 40 stinking years. That is what "socialism" has given us. Time for a change. Update: In other words, "Capitalism" is a part of the American fabric. It is written "in stone," and cannot be replaced without tearing the fabric of American success into pieces.
This nation became the greatest nation on Earth using the principles of Capitalism to the exclusion of all other economic theories . . . . . . . . . . Ca-pit-al-ism. True right up until the September, 2008 and the Wall Street Collapse . . . . . . right up to that very moment.
The socialists among us want you to forget 230 years of Capitalist driven prosperity, and focus on four months of Wall Street panic in 2008/2009. Good grief. How narrow and politically biased must a person be to focus on a very temporary disaster and pretend it to be an indictment of centuries of positive growth in this country?
And, about that recovery . . . . . . . Obama and his socialist buds have done nothing in terms of in-place work theory that has generated any sort of recovery. While a "recovery" is a debatable reality, clearly the only existing economic system in 2015 is the one we [still] call "Capitalism."
Let's not forget that the 2008 collapse was caused by a Progressive Idiot's Policy called "Affordable Housing," a policy that came directly from the pit of hell we call Progressive Utopian Strategy. Lending institutions were ordered by congressional Progressives to dole out more and more mortgage funding to those who could neither afford to save for a downpayment or make the payments on a fixed, 30 year note.
Beginning in the later years of the Clinton Administration, the demise of Glass/Steagall (1998) marked the beginning of a 10 year push to get as many of the poor into their own homes as possible. Banks were encouraged by our politicians to ignore rules for minimum income. Loans were often handed out to those who had no ability and/or no long term intentions of keeping up with their financial obligations. By 2005. enough of these high-risk and unqualified home owners, had stopped making their payments, that most "in the know" financiers were aware that a disaster was in the making. So much so, that President Bush, a defender of "Affordable Housing," tried to increase lending requirements and was excoriated by the Socialist/Progressive Dems.
In short, what failed, in 2008, was (a) the socialist policy of sub-prime, high risk lending practices. On a personal note, in 2006, in the middle of the housing bubble, our $145,000 home (a beautiful 1600 s.f. house with a pool and a good sized lot) was revalued at $365,000. We had a lending come to us offering a no-money down loan on 125% of our evaluation . . . . . . a total number north of $420,000. One of our next door neighbors sold her home (without a pool) for $335,000. That home, today, eight years later, is worth $150,000.
And (b) the greed of a lending market supported by Fanny and Freddie mortgage relief policies and world free of the much needed financial restrictions of Glass-Steagall.
Socialist policy and Capitalist driven greed were the chief culprits in the 2008 collapse.
Today, a lending market that has learned its lesson, a [capitalist driven] market that knows it will be blamed when things go badly, has revamped its lending practices even without the silliness of Dodd/Frank, and refuses to carry the water for Progressive do-gooder lending reform. What you have left, is a humiliated capitalist system that has regulated itself. Sadly, the socialist Progressive component remains, is still running wild, pretending that it has solutions when it does not.
Implicit in this brief history lesson is the fact that capitalism is the only remedy to current financial/economic issues in this country and that is the greater lesson.
This nation became the greatest nation on Earth using the principles of Capitalism to the exclusion of all other economic theories . . . . . . . . . . Ca-pit-al-ism. True right up until the September, 2008 and the Wall Street Collapse . . . . . . right up to that very moment.
The socialists among us want you to forget 230 years of Capitalist driven prosperity, and focus on four months of Wall Street panic in 2008/2009. Good grief. How narrow and politically biased must a person be to focus on a very temporary disaster and pretend it to be an indictment of centuries of positive growth in this country?
And, about that recovery . . . . . . . Obama and his socialist buds have done nothing in terms of in-place work theory that has generated any sort of recovery. While a "recovery" is a debatable reality, clearly the only existing economic system in 2015 is the one we [still] call "Capitalism."
Let's not forget that the 2008 collapse was caused by a Progressive Idiot's Policy called "Affordable Housing," a policy that came directly from the pit of hell we call Progressive Utopian Strategy. Lending institutions were ordered by congressional Progressives to dole out more and more mortgage funding to those who could neither afford to save for a downpayment or make the payments on a fixed, 30 year note.
Beginning in the later years of the Clinton Administration, the demise of Glass/Steagall (1998) marked the beginning of a 10 year push to get as many of the poor into their own homes as possible. Banks were encouraged by our politicians to ignore rules for minimum income. Loans were often handed out to those who had no ability and/or no long term intentions of keeping up with their financial obligations. By 2005. enough of these high-risk and unqualified home owners, had stopped making their payments, that most "in the know" financiers were aware that a disaster was in the making. So much so, that President Bush, a defender of "Affordable Housing," tried to increase lending requirements and was excoriated by the Socialist/Progressive Dems.
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| Click on image to enlarge. Its a beautiful home. |
In short, what failed, in 2008, was (a) the socialist policy of sub-prime, high risk lending practices. On a personal note, in 2006, in the middle of the housing bubble, our $145,000 home (a beautiful 1600 s.f. house with a pool and a good sized lot) was revalued at $365,000. We had a lending come to us offering a no-money down loan on 125% of our evaluation . . . . . . a total number north of $420,000. One of our next door neighbors sold her home (without a pool) for $335,000. That home, today, eight years later, is worth $150,000.
And (b) the greed of a lending market supported by Fanny and Freddie mortgage relief policies and world free of the much needed financial restrictions of Glass-Steagall.
Socialist policy and Capitalist driven greed were the chief culprits in the 2008 collapse.
Today, a lending market that has learned its lesson, a [capitalist driven] market that knows it will be blamed when things go badly, has revamped its lending practices even without the silliness of Dodd/Frank, and refuses to carry the water for Progressive do-gooder lending reform. What you have left, is a humiliated capitalist system that has regulated itself. Sadly, the socialist Progressive component remains, is still running wild, pretending that it has solutions when it does not.
Implicit in this brief history lesson is the fact that capitalism is the only remedy to current financial/economic issues in this country and that is the greater lesson.
Socialism just got its collective "proverbialsl" kicked out of office. Sign of the times???
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<<< The new face of the French "Revolution" is a blond with a brain !!
PARIS (AP) — French voters dealt a severe blow to the Socialist government in Sunday's municipal elections, but the party saved face by retaining the crown jewel, Paris, which got its first female mayor.
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| French far-right party leader Marine Le Pen. Source: AP |
Socialist leaders conceded defeat in the final round of the voting seen as a referendum on unpopular President Francois Hollande, who was expected to reshuffle the Cabinet in an effort to give the government a boost. Hollande has earned record-low poll ratings for his failure to cure France's flagging economy or cut into the jobless rate, which hovers around 10 percent.
Interior Minister Manuel Valls announced deep losses for his Socialist Party, saying it lost to the mainstream right some 50 cities of more than 30,000 it had held previously, and about 155 towns and cities of all sizes. Toulouse, France's fourth-largest city, moved to the right.
The far right may win up to 15 towns in the voting, Valls said before results were complete. Party leader Marine Le Pen said the performance amounted to "an incontestably great success" that will give her National Front more than 1,200 local councilors — surpassing her goal. . . . . read the full story at Breitbart.com, here.
******
Update: FRANCE’S far-right National Front party dealt a major blow to the ruling Socialists after several of its candidates took prime position in the first round of local elections.
The main centre-right opposition UMP party also hailed a “big victory” as initial estimates showed it came out trumps in the elections, amid severe disillusion with President Francois Hollande's government against a backdrop of near-zero growth and high unemployment.
According to a BVA poll, the UMP and allies took 48 per cent of the vote nationwide while the Socialist party and allies took 43 per cent, and the FN seven per cent — far higher than its 0.9 per cent result in the first round of 2008 municipal poll . . . . . taken from The Australian.com, here.
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Related lede's:
- BBC News - 49 minutes agoFrance's governing Socialists have suffered big losses in municipal ... The Socialists have been hit by growing discontent over the economy.
The French are not the only ones contemplating a change from Socialism:
www.nytimes.com/.../far-right-party-stirs-municipa...
Anyone still believe there to be a political equivalency between Occupy and the teaparty, grassroots movement?
Van Jones, Obama's first "green czar"
(2009), was an admitted communist for ten years (see Politifact, here)
and hoped to use Occupy, as near a "communist front," in this
country, as one get, as a base for a grand political third party,
complete with representatives in each of the 50 states, a national
convention and a national presidential candidate (2012). Of course,
none of this happened, and Occupy never grew out of the
anarchist/adolescent stage of its so-called "development." But, the
fact that Jones was more than amenable to the goals and antics of Occupy,
is all the proof this editor needs, to continue thinking of Jones as an
undeclared communist, in his present life.
Occupy celebrates its 2nd anniversary, this week. At no time has Occupy had more than 5,000 dedicated members, nation wide, who did more than show up and vandalize businesses. Van Jones' decision that "now" was the time for a national restructuring of the State via a political party that would grow out of Occupy, demonstrates the idealistic immaturity of this man who joined Obama in working for fundamental change to this great nation. The difference between Jones and Obama, noteworthy, however. While their announced goals are the same, Van Jones is consistent and, even, honest in his socialist pursuits. Obama is not, and has become a major disappointment to those who thought radical change was coming to America.
In May of 2008, in a speech in Puerto Rico, Michelle Obama announced the radicalism of her husband when she spoke these words: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."
You cannot sound more radical than this without calling for a violent uprising.
Today, while Occupy "celebrates" its meager existence per the demonstration pictured in this post, teaparty types have rolled into DC, more than 1 million strong (hoping for 2 million) and established the reality that conservatives and the teaparty alliance are as strong as ever.
It should be noted that while Obama has grown this country's ruling class, he has failed miserably to fulfill the words of his radicalized wife. Understand that this is not simply "Obama's failure." Rather, we are watching the failings of a world ideology that is failed in every nation in which it was tried.
Whether or not you agree with that statement, certainly, it is clear that a state sponsored socialism that feeds off the suppression of US Constitutional rights, does not work in this country. There is something to be said for the fact that capitalism expressed and grounded in individual rights is more than a core principle in the creation and function of this country; it is systemic to its very nature as a nation, and cannot be change with a dictatorial overthrow of the system, as a whole. And, that will not happen before the next civil war.
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