Write4U
Valued Senior Member
Before then the rich just took the profits without paying for labor or taxes at all. Remember "slavery" and "indentured service"Actually we did. Back in the day when the marginal tax rate was 94% in the 50’s the middle class did get rich by taxing the rich and redistributing the wealth.
We maximize civil liberty by maximizing opportunity and competition (e.g. the 1950’s). Prosperity caused that little thing called the Baby Boom.
It is funny that way. Give a rich person money and they put it in the bank (preferably off-shore so they need not pay taxes); give a poor person money and they buy stuff so that jobs are created.
Which charlatan came up with the idea that rich people create jobs? What a con! They won't create a single job unless they can make a profit from it and if labor expenses get too high they "lay off" people or replace them with machines.
Poor people who spend every penny they earn are the real job creators. Just think volume! Anyone who wants to claim that 10% of all the people provide jobs for the 90% is a fool. It is 90% of the people (consumers) who create wealth for the rich 10% .
And if you do your history, you would know it wasn’t debt that caused them to fail; it was corruption which caused those regimes to fail. But you want to give a pass to corruption. That is just factually incorrect as has been repeatedly proven to you over the course of years.
Rent seeking is a problem. But the solution is not to empower the rent seekers as you seek to do. It is to fix the political system (e.g. election finance reform, ethical standards, well informed voters, etc.) that allows and foments rent seeking behaviors.
Rent-seeking, Wikipedia,
In economics (see public choice theory), rent-seeking is spending wealth on political lobbying to increase one's share of existing wealth without creating wealth. The effects of rent-seeking are reduced economic efficiency through poor allocation of resources, reduced wealth creation, lost government revenue, increased income inequality,[1] and national decline.http://en.wikipedia.org/wiki/Rent_seeking
Unfortunately for you, we have similar Obamacare health models (e.g. Switzerland) that have been in operation for some time. In the case of the Swiss, their healthcare system is very similar to Obamacare and is almost 20 years old. Their healthcare costs are half those of the pre-Obamacare US. Their healthcare outcomes are far better than their counterparts in the pre-Obamacare US. And they are much more efficient than the pre-Obamacare US healthcare system. So observed facts, just doesn’t ideological fantasies.
This is because the US is becoming OligarchyOligarchy (from Greek ὀλιγαρχία (oligarkhía); from ὀλίγος (olígos), meaning "few", and ἄρχω (arkho), meaning "to rule or to command")[1][2][3] is a form of power structure in which power effectively rests with a small number of people. These people could be distinguished by royalty, wealth, family ties, education, corporate, or military control. Such states are often controlled by a few prominent families who typically pass their influence from one generation to the next, but inheritance is not a necessary condition for the application of this term.
Olygarchy, wiki,
Throughout history, oligarchies have often been tyrannical (relying on public obedience and/or oppression to exist) though others have been seen as relatively benign. Aristotle pioneered the use of the term as a synonym for rule by the rich,[4] for which the exact term is plutocracy. However, oligarchy is not always rule by the wealthy, as oligarchs can simply be a privileged group, and do not have to be connected by either wealth or by bloodlines - as in a monarchy.