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Old January 28th, 2008, 05:02 PM   #17
Stan
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Originally Posted by AGoodBuzz View Post
First of all, the wealthiest people put very little in to our economy, but they are the largest load on our infrastructure. Corporations are 'legal persons' and they use more of our infrastructure than the entire citizenry combined. They are the ones that should pay the most, but Reagan got rid of the 90% taxation rule that this country prospered under for decades, and that's when the middle class started getting squeezed. Until we roll back the Reagan tax cuts for the wealthiest Americans and 'legal persons' we will continue down this path.

"Buy low - sell high" is the mantra of succesful stock investors. When the stocks are down it's time to buy. When they are up, it's time to sell. Variations on the theme such as long term holdings, etc. will differ from this basic strategy, but that is what the wealthy do. I watch it all the time. Of course, it helps them if everyone believes what you said because then stocks become more plentiful and therefore lower in price (simple economics).

I couldn't agree with you more on your last point. Way too many people have been spoiled for way too long while the rest of the world got our scraps, and the piper is coming for payment. A massive equalization (redistribution of wealth) is headed our way. There will remain the same amount of wealth worldwide as before, but now we will be losing more and more of it to the poor in outher countries, and they will grow accordingly. It's already happeneing, and people like Geo. Herbert Walker Bush touted their New World Order long ago, and now it's being carried out quite efficiently.

I've met too many unskilled workers in Michigan that make as much as I do and I'm a corporate officer. These people live very high, buying new boats every couple of years, new cars, huge televisions with all the trimmings and systems, and all kinds of other toys. Now many of them can't pay for them and they are blaming the Chinese........ They should have saved their money and invested it like I did, because I'm doing fine. Don't own a bunch of toys, but doing well. Toys don't feed the family or pay for your retirement.

It's not governments job to save us from the mess we made of our own country. After all, most of you want lower taxes (which will result in leaner government and less government support), so how can you (in the same breath) say you aren't satisfied what the government is doing? Besides, "we the people" ARE the government. It's time to quite sniveling, get off your asses, throw the tea in the harbor and take our government back.

Sounds like a complete contradiction to me.
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