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26.

Re: Sunday Legal Briefs

Nov 26, 2012, 15:16

Beamer

I think our balance of wealth is a much bigger issue than our spending. Do you know who holds the vast majority of our debt? We do. What happens if our debt rating drops? Not much, really. It's not something to be proud of, but given that our debt is mostly domestic, not foreign, it isn't really much of a concern, compared to the drastic hoovering of wealth our few have done, largely by cutting jobs or sending them overseas.

Our unemployment and our offshoring have nothing to do with our debt or our debt rating. In fact, all that outsourcing overseas is due to our debt being valuable, if anything.

Furthermore, paper money can never be worth nothing. We can't much go through a drastic inflation due to the size of our economy. It would bankrupt everyone, and I don't mean everyone in the country I mean everyone in the globe. This isn't Argentina, where our government could fold and make our currency useless. Although, in truth, having a sudden burst of massive inflation making my student debt moot does sound like a nice idea...

I don't say tax the rich, you dolt, I say tax the income. If someone has a lot of income tax it a lot. Fix Reagan's redistribution of wealth. Warren Buffet wrote a pretty solid editorial about it today. Only a moron says "the rich won't invest if they're taxed more." History shows they invest more. In jobs. For the middle class.

Also, you're the idiot playing the race card all the time. "I'm a straight white christian male, there's a war on me!"




------------- Music for the discerning: http://www.deathwishinc.com http://www.hydrahead.com http://www.painkillerrecords.com

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