http://corycollier.com/2009/05/a-nation-of-victims/ Web Developer and System Administrator in Orlando, FL Tue, 13 Jul 2010 20:14:04 +0000 hourly 1 http://wordpress.org/?v=3.1-alpha http://corycollier.com/2009/05/a-nation-of-victims/comment-page-1/#comment-318 JP Mon, 12 Jul 2010 13:58:26 +0000 http://corycollier.com/?p=497#comment-318 Cory, I agree with you. Socialism isnt the asnwer, But Unfettered Capitalism isnt either. You should read "The Road to Serfdom" written by F.A. Hayek, He is a staunch capitalist, and promotes free free markets.; You will love his ideologies, as I do. One thing I have to say is that the top 5% of this nations earners are taxed far far far to little in proportion to the middle class. You may at first object to this but hear me out. Ive heard the argurment that "the rich pay most of the taxes" and by advocating for this Im accused of"Punishing hard work" Not true. It is detrimental to society for such a small amount of people to control such a large proportion of the worlds available capital. This migration of money (especially in the last ten years) from the middle class to the coiffers of the uber wealthy has taken the fuel out of the economic engine that is the middle class. There are only x amount of dollars available in the market. When large amounts of cash are pulled out of the economy, a few things happen. The Government prints money, as u noted before, and the credit industry booms, both leading to a false sense of security. Inflation devalues the dollar making the money you do have in your pocket collectively worth less. (some say this is the conservatives way of raising taxes). and the credit you now have puts imaginary money in your pocket which you pay back with interest further taking money out of your local economy and moving it into corporate accounts in NEw York, and other banking economies. A tax on the ability to raise capital is prudent and necessary for the sustainability of capitalism. The shrinking middle class will lead to socialism otherwise. Think about it. Capitalists are always wanting to give the handouts to the supply side of the economy, but the demand side, always gets the shaft. If the middle class has no purchasing power, no money to uy homes, cars, ipods, dvd's, flatscreen tv's, ionvest, go out to eat, go get a tan. How is capitalism going to survive?? All the while there are huge pools of real legitamately printed cash sitting in overseas accounts and being invested in overseas business. Im not for raising taxes now in a recession, but that stimulous should only be a means not an end. We must raise capital gains taxes at some point, or on certain sectors such as hedge funds and derivatives. Cory, I agree with you. Socialism isnt the asnwer, But Unfettered Capitalism isnt either.
You should read “The Road to Serfdom” written by F.A. Hayek,
He is a staunch capitalist, and promotes free free markets.; You will love his ideologies, as I do.
One thing I have to say is that the top 5% of this nations earners are taxed far far far to little in proportion to the middle class.
You may at first object to this but hear me out. Ive heard the argurment that “the rich pay most of the taxes” and by advocating for this Im accused of”Punishing hard work”
Not true.
It is detrimental to society for such a small amount of people to control such a large proportion of the worlds available capital. This migration of money (especially in the last ten years) from the middle class to the coiffers of the uber wealthy has taken the fuel out of the economic engine that is the middle class.
There are only x amount of dollars available in the market. When large amounts of cash are pulled out of the economy, a few things happen. The Government prints money, as u noted before, and the credit industry booms, both leading to a false sense of security.
Inflation devalues the dollar making the money you do have in your pocket collectively worth less. (some say this is the conservatives way of raising taxes). and the credit you now have puts imaginary money in your pocket which you pay back with interest further taking money out of your local economy and moving it into corporate accounts in NEw York, and other banking economies.
A tax on the ability to raise capital is prudent and necessary for the sustainability of capitalism.
The shrinking middle class will lead to socialism otherwise.
Think about it. Capitalists are always wanting to give the handouts to the supply side of the economy, but the demand side, always gets the shaft. If the middle class has no purchasing power, no money to uy homes, cars, ipods, dvd’s, flatscreen tv’s, ionvest, go out to eat, go get a tan. How is capitalism going to survive?? All the while there are huge pools of real legitamately printed cash sitting in overseas accounts and being invested in overseas business.
Im not for raising taxes now in a recession, but that stimulous should only be a means not an end. We must raise capital gains taxes at some point, or on certain sectors such as hedge funds and derivatives.

]]> http://corycollier.com/2009/05/a-nation-of-victims/comment-page-1/#comment-259 Insanity, Depression, and Recessions | Cory Collier Tue, 26 May 2009 23:00:19 +0000 http://corycollier.com/?p=497#comment-259 [...] said before, that I think this recession is being prolonged to further a national dependence on federal government. I still believe that the federal government should stay out of our lives, and not intervene in [...] [...] said before, that I think this recession is being prolonged to further a national dependence on federal government. I still believe that the federal government should stay out of our lives, and not intervene in [...]

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