Let's NOT have a revolution

I listened to Bruce Judson on NPR yesterday discussing his new book, It Could Happen Here: America on the Brink .

Unfortunately, Bruce has a poor speaking voice - you can hear him at his blog (and also get a quick overview of what the book is about). Don't let his voice interfere with what he has to say - it's important.

You can also read this Huffington Post column for background.

My more right leaning readers won't like what he has to say - but you haven't liked what I've said about this either, so that's nothing new. It's that horrible "socialism" again, stealing money from hard working folks who earned it by the sweat of their brow, you can't punish the wealthy, yadda, yadda.

OK, fine, we hear you. But both history and modern game theory teaches that if you get too greedy, you are likely to lose it all. Right now, the rich are far too greedy: close to 25% of all income is concentrated in the top 1% of U.S. taxpayers.

Perhaps even worse, overall wealth is concentrated even more: more than half of it is held by 5% of our population.

Let's forget about the suffering of the poor, the vanishing middle class. We are unimportant, voiceless, powerless. Let's accept the right's insistence that concentration of wealth is good and just. Forget morality, let's just talk about those all important rich people who do matter: if they keep greedily grabbing every crumb, their world will crash around them.

Bruce Judson's book posits a revolution of the left, rising up to demand higher taxes for the rich, more social programs and free health care. That could happen, though I think it's more likely to come from the right, the "tea party" people, who will want the Constitution re-written with "Christian" guidance. In the NPR interview, Bruce agreed that it could go that way just as easily.

The point is that people WILL reach a breaking point and all hell WILL break loose. Maybe not now, maybe not until we're squeezed a lot harder, but it will happen. I don't know how bad unemployment has to get or how many families need to be forced out of their homes, but at some point, people will stop being civil, stop hoping that politicians will act, and will tear down the system with their bare hands.

None of us wants that. Not the poor, not the struggling middle class, but most of all the wealthy should fear this the most. They have the most to lose and the farthest to fall. It's one thing to move from a rat infested apartment to a refrigerator box under a bridge - it's quite another to move from a mansion.

I'm almost 62 years old. My retirement funds have been hurt badly and my income has gone down almost 40%. I'm still surviving, and actually living pretty high on the hog, all things considered. But it wouldn't take an awful lot more damage to push me into desperate straits. A serious medical condition, another stock market crash - it could happen, and my reserves are now too weak to survive it. Could I become a guerilla revolutionary? Yeah, honestly, it could happen. It's not likely, but it's not inconceivable,

If I, living in relative luxury, feel like that, what do you think the guy who has been out of work for a year is feeling? What about my daughter's friend whose wife just died after a long cancer fight and the medical bills that exceeded his insurance cap have forced him and his children to lose their home? What's he feeling?

So keep on saying it's "socialist" to raise taxes. Keep on saying we can't break up these giant corporations. Keep on saying we can't afford universal health insurance, can't afford welfare programs, can't afford this, can't afford that. Keep on saying it until it all blows up.

And then what have you got?



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© Anthony Lawrence







Thu Oct 15 14:27:44 2009: 7239   TonyLawrence

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By the way, don't get the idea that Judson is just a left-wing nutcase like me. Read his entrepreneurs book at
(link)





Thu Oct 15 14:55:41 2009: 7240   badanov

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What you probably don't get and what this radio fella doesn't get is that talk of revolution will blow back on the left the hardest because of simple demographics. You don't have the numbers to enable a revolution and you never will, and if you try, you will get a revolution, just not with the outcome you would prefer. And riling up etnic majorities will just harm the minorities over time. Witness the condition of the community. All because a bunch of white leftists have this idea about a revolution.

Careful for what you wish for, in other words.

The above is a major reason why I am conservative and a republican, because only conservatism can guarantee everyone's rights, even loud mouth leftists who advocate something they don't really want.



Thu Oct 15 15:06:49 2009: 7241   TonyLawrence

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You didn't read very carefully. I think any revolution is more likely to come from the right and the author says he agrees that's just as likely.

You also failed to understand that excessive greed THREATENS conservatism. That was my point: even if you are a right-wing, gawd love the rich type, you should be worried.









Thu Oct 15 15:14:57 2009: 7242   TonyLawrence

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only conservatism can guarantee everyone's rights

THAT is a pretty amazing thing to say :-)

It's so laughable that I'm hesitant to replay history for you. The biggest "right" conservatives protect are the right to bear arms (which I agree with). On everything else, from slavery through abortion and gay rights, conservatism has never "protected" anyone. Not even free speech or right to assembly... no, conservatism has a very bad track record there.







Thu Oct 15 15:23:36 2009: 7243   TonyLawrence

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Moreover: you seem to assume that I and Judson WANT a revolution. Obviously you haven't read his book (and probably won't), so you'll have to trust me that he absolutely does not.

Nor do I. Nor does anyone but a few nutters here and there. The POINT is that beating down the middle class will lead to either revolution or just economic collapse and anarchy.

But don't you worry about it: taking money from the super-rich is a bad, bad idea. It's that awful commie-fascist-socialist stuff the tea party folks yell about, isn't it? Too bad most of them can't even tell one -ist from another...



Thu Oct 15 15:38:13 2009: 7244   TonyLawrence

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And finally, let me explain something to you about "loud mouth leftists".

Most that I know are very much like me. I know that my ideals are only ideals and can't work in the real world because of stupidity, greed, selfishness and plain old inability to reach consensus on even something as simple as "What kind of pizza should we get for the party".

I understand conservatism: it's fear. Fear of change. And as I have said many times, sometimes fearing change is exactly what we SHOULD be doing. Unfortunately, when carried too far, we get Bush/Cheney - and we could get worse!

Liberal ideals can be too far left - I understand that even though I hold them. Hard right conservatism fails on the other side, and unfortunately that's the direction we are tipping right now.

Ignore it - rail on about "loud mouthed leftists" if you must. But the problems are real and even a few on the right are starting to understand that.

I doubt we'll ever be in danger of tipping too far to the left here - your ideals are pretty safe from that. But you ignore warnings like this at your peril.



Thu Oct 15 15:59:26 2009: 7245   TonyLawrence

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The reason I think the Right is more likely to cause problems is because of crap like this:
(link)

Same sentiments are rampant in Alaska - perhaps for slightly different reasons, but it is still disturbing.



Thu Oct 15 16:16:47 2009: 7246   badanov

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The pinnacles the US has reached with regard to quality of life were built by capital not by government spending so it is very hard in my mind to convince anyone that more government spending can improve the lives of anyone when it is government that constricts rights and freedom. Taxes and regulations that the left loves to impose have a funny way of affecting everyone, not just the rich.

It is kinda cute of you to point out that profits, which drive further investment, you know, jobs, is so evil it must be taxed. And only someone who loves government so much can state, without breaking down in hysterical laughter, that profits are evil, because only government is the arbiter of profits, the only societal institution that has a problem with profits, and yet benefits from it.

The fella with a job, has no problem with it. The store owner has no problem with it. And if a customer has a problem with it, they just goes elsewhere. It's called freedom.

Maybe you should embrace it and stop trying to tax it and regulate it out of existence.



Thu Oct 15 16:31:19 2009: 7247   TonyLawrence

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Concentration of wealth also affects everyone - as our latest meltdown should have taught us.

Again, you are failing to see what is actually being discussed here. Typical of the right: mention taxes or regulation and you get a knee-jerk reaction. The tax burden on small business and the middle class is too heavy - we agree. What you aren't seeing is the danger that comes from the kind of income inequality we have shifted into. You are being duped by the rich and powerful - pawns in their game to be even more wealthy.

Nothing here wants to destroy capitalism - far from it. That's one of the reasons why I pointed you at Judson's on-line book - to help you understand this.

It's simply that we've let it go too far and we -you and I- need to claw back what has been taken from us.







Thu Oct 15 16:53:22 2009: 7248   badanov

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You'll get no argument from me with regard to clawing back, but regulation, tax and spend policy will not do it fairly and effectively.

Governmental enforcing the laws on the books now will help with regard to banks which should have been treated as governmental institutions from the beginning.

I WANT the super rich to become richer, because I have never gotten a job from a poor man, and therefore I want someone who owns a small business to become rich. They employ me with a decent living wage, the best I can hope for these days.

But they can do that best with as small a government possible. Our argument should be how small, not how much havoc should the government wreak.



Thu Oct 15 17:17:49 2009: 7249   TonyLawrence

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Far more jobs come from the "poor" (small business) than from the mega-corps.

Small government is impossible. How would we have built our Interstates with "small" government? How could Medicare exist?

But I actually agree with you about the rich - ideally, I wouldn't tax them all that heavily. I'd make it impossible for them to GET that wealthy but limiting how much they can control (think Murdoch) and how much of a market any one corporation can control.

But where we are now is ridiculous. Remember that the rich use their power to influence tax law - lowering THEIR taxes at your expense. Remember also that most of them are dirty - look at the screaming over this:
(link)







Thu Oct 15 17:40:09 2009: 7250   TonyLawrence

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the best I can hope for these days.

THAT is a very sad commentary.







Thu Oct 15 18:02:46 2009: 7251   badanov

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THAT is a very sad commentary.


I agree it is very sad, but at least I don't go around trying to take people's substance for them for something that is beyond their control..

That used to be called theft, but in fairness it should be called what it is: tyranny.

It's just markets. Some are winners. Some are losers and when the government gets involved the only winners are government, and everyone loses.

The left advocating that expansion of government as a cure for economic woes is just dishonest and deliberately deceptive.



Thu Oct 15 18:08:54 2009: 7252   TonyLawrence

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Nothing here is arguing for an expansion of government. Here we are talking about limiting the powers of mega-corps and the people who own them.

Free rein capitalism has dangers - as we have seen, time and time again.

It's not "just markets" when people are controlling those markets.



Thu Oct 15 18:23:08 2009: 7253   TonyLawrence

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By the way, you mentioned "tyranny", which is a word I hear often from the right now.

I'm reminded that the same language was used when we began to desegregate the South. It was "tyranny" to interfere in States Rights.

The same cries come up today over gay rights - though of course the real tyranny is that which an ignorant majority holds over a minority.

And of course any talk of taxes - no matter what the purpose, no matter what good, no matter even the larger effect might even save you money - it's "tyranny".







Thu Oct 15 18:30:17 2009: 7254   TonyLawrence

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The left advocating that expansion of government as a cure for economic woes is just dishonest and deliberately deceptive.

I doubt that there is any credible economist on the left OR right who still thinks that unfettered capitalism is workable. A few nut-job AM radio hosts, maybe. But nobody else.







Thu Oct 15 18:38:18 2009: 7257   badanov

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You know, there's a helluva lot of stuff you're "not saying" Try saying them rather than pointing out what you're NOT saying for once so this can be a conversation and not a pissing match!

You have my views. What are YOUR views.



Thu Oct 15 18:47:20 2009: 7259   TonyLawrence

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I'm going to have to take a break, because my first reaction is unpleasant. I'll respond tomorrow.









Thu Oct 15 19:01:46 2009: 7260   anonymous

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I often wonder why opinions from left-leaning people seem more thoughtful, reasoned and less prone to hyperbole and knee-jerk answers. Does it only SEEM this way to me because I am left-leaning myself? [Would a right-leaning person in my position even stop to consider this ;-)]



Thu Oct 15 19:24:58 2009: 7261   TonyLawrence

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why opinions from left-leaning people seem more thoughtful

I think that this is a function of demographics.

Most bright, educated people are liberals. Most uneducated, not so smart people are conservatives. That's expected: conservatism distrusts change.

That is NOT to say that all conservatives are dumb. Consider William F. Buckley as an extreme example and there are plenty of others.

What it does mean is that conservatives have a large base of people who agree with them without having any intellectual capacity to really deserve their opinions. I know from conservative friends that this "dumbo" base can tick them off as much as it does us, though of course few would dare say that in public.

(A good example was John McCain getting visibly upset with that woman who insisted Obama was a Muslim)

The same unfortunate situation exists with religion. There are very bright people who are deeply religious, but it's almost a lock that a dumb person will never be an atheist. Consequently, you'll meet a lot of religious people who are not so bright, but you'll almost never meet an atheist who is not.






Thu Oct 15 20:03:04 2009: 7262   TonyLawrence

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Another good example is Lindsey Graham calling "birthers" crazy:

(link)







Thu Oct 15 20:10:31 2009: 7263   badanoverestofthepopulangetsfotio

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Leftist opinions are reasonable because, frankly, rich folks can't gather enough votes to oppose it when the popular sentiment is to make them pay more for government services they don't even use.

The expressed sentiment makes you sound brilliant when in fact you're just another huckster selling a solution you know logically cannot work, and indeed has never worked throughout history.

You want economic justice by raising taxes? Raise taxes on everyone, not just the rich, but you can't do that because it won't work politically. You want more economic justice? Stop perpetrating the fraud that government can enhance any individual or institution outside of government.

Honestly, today's liberals sound like snotty, spoilt sixteen year-olds at their Super Sweet Sixteen birthday party.

You got Congress and you got the presidency who will now proceed to pack the supreme court with Hispanic and Black supremacists, the whole time trying to convince the Great Unwashed, those judges don't really mean what they say.

You Won, to quote a famous Marxist. Stop acting like you're losing. Start governing.






Thu Oct 15 20:24:11 2009: 7264   TonyLawrence

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OK, now you sound like a racist. Was that your intention?

You must be contending that Roosevelt's New Deal didn't save this country from collapse.

I'm heading off to Poker now. I'll take this up tomorrow.



Thu Oct 15 23:53:51 2009: 7265   BrettLegree

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(Hmm, should I jump in? Heck, why not!)

Am I liberal or conservative, who knows? I do think the rich should pay more taxes in my own country (Canada) - my opinion, of course.

What's happening here is pretty much what's happening everywhere. The current government (in our case, Conservative) is moving the money and hence the power base "out West", where they are from.

Traditionally the government has centered around Ontario & Quebec, and that's where the money's been. And the industry, and so on.

But the West's been rising, and now the big players in the government are moving it all out West, to reward their rich buddies.

My own province (Ontario) just might be a bit like a backwater country in about 15-20 years, if it continues.

What to do, what to do... revolution? I hope not, plus could we really organize that sort of thing, I doubt it.

Canadians are not like that anymore, if we ever were.

Could it be a grey collar worker thing, kind of like in Fight Club, where the gas jockeys and the security guards and variety store clerks fight back? Again, I don't think so.

No, I think it might be more of a John Galt thing where the highly-educated middle-class "stop the motor of the world".

Don't believe me?

It is happening right now where I work.

My company is likely to be one of the ones "given" to the rich buddies out West, and I believe that the actions of a lot of the senior people are intentionally putting a wrench in the works.

Many are doing the bare minimum, some even doing things that slow down work, making counterproductive decisions and so on.

I don't see any young people like myself doing this (career suicide, after all), but I see it a lot in the older people who made the company what it is, and are bitter that it is being taken away.

Since they are only a few short years from retirement, perhaps they figure they have nothing to lose.

It is interesting to watch, to say the least!

Will any of it matter? I doubt it. My own industry (nuclear) is being quite actively off-shored to India right now. Many members of our government, as well as the executive of my company, have been traveling extensively to India.

I hear it is quite nice over there this time of year, and I like the food :)



Fri Oct 16 02:49:53 2009: 7266   TonyLawrence

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, frankly, rich folks can't gather enough votes to oppose it when the popular sentiment is to make them pay more for government services they don't even use.

Actually, since most of our reps are wealthy, they often DO oppose raising their own taxes.

Secondly, there's a great fallacy in "services they don't even use". For example, all of us benefit from social programs that decrease crime, all of us benefit from research grants etc.

selling a solution you know logically cannot work, and indeed has never worked throughout history.

Actually, I (and others) contend that it HAS worked in the past. A much stronger argument can be made that low taxes and lack of regulation plainly has NOT worked.

Stop acting like you're losing. Start governing.

Is this the right wing "Obama hasn't done anything"? If it is, you've been listening to AM radio far too often. In fact, a lot has been done and there's more to come.

Finally, I have to ask again that you explain why your comment about the Supreme Court shouldn't be seen as coming from a racist bigot?



Fri Oct 16 05:14:33 2009: 7267   drag

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Politics are a funny thing sometimes.

People want to believe that they are on the side of the "people" and all that crap. Like the Democrats want to believe that they are representing the poor and Republicans want to believe that they are the for the working class and all that.

But it is all horseshit, unfortunately.

The people that generally engage in heavy politics are the rich on BOTH sides. If you actually examine the demographics of the people that engage in political debate and all that stuff then you'll realize very quickly that they are rich all the way around and they are only representing their own personal viewpoints.

And Obama has done lots of stuff. The downside is that it has not actually accomplished anything. Cash for clunkers generated a lot of sales, right? Well sorta... But what really happenned is that as soon as "Cash for clunkers" starting hitting the news people stopped buying new cars. Why? Because they new if they waited a few months then they could get 2-3x the amount of money on their trade ins.

It is the same thing with anything else.

What people have to realize is that the government is NOT in control. The president can't help you, nobody in congress has the ability to save the planet, and nothing they can possibly do will ever solve any health care crisis. The USA is simply just bigger then they are and they cannot control or change reality.

Also they are all actually pretty stupid and cannot really do anything correctly on stuff they can control.


And the matter of the fact is that while the top 1% controls 25% of the wealth they also contribute to the majority of the taxes that get paid. If they weren't so f-ing rich then there would be nobody to fund all the social programs that people are so obsessed about. About 50% of the people in this country pay nothing in taxes yet they benefit the most from it.

The reality of the situation is that EVERYBODY is richer then they ever were before. The poorest people in this nation have more material wealth and better healthcare (and other such measurements) then richest people did 70 years ago.

What is needed is people to just stop thinking that it is somebody else's job to help them out and to take responsibility for their own actions.

Sersously. The "housing bubble" and the pop was not caused by the LACK of regulation. All the regulation and laws were already in place. All the regulators had full opportunity to control and examine what was going on. They had full control over all of it and could of at any point put a stop to it.

But they did nothing. They looked the other way because it was politically expedient at the time. Selling debt to other countries was what allowed us to finance the war in Iraq and the war in Afghanistan. Without the bubble the economic crisis we face now and would of happened long ago.

And there is all sorts of problems that we have laws to pass and agencies to control and they still go on. Why? Because that is how the government has been setup to work since the 1920's.

Everytime we have a problem the representatives stumble all over themselves to provide a "fix" for it and rescue us from another great depression. Like clock work this happens every 10-20 years and will continue to go on as long as we have a viable economy. Why? Because the government can not solve jack*\*** and people work out solutions on their own. Then after 10 or 20 years they forget and do it all over again.

BTW, the fixes are given fixed budgets. The regulator agencies and special sessions and all that stuff is given funding to last 3-5 years and then after that the congress has to get together and approve another bunch of years of funding, which they never do. They just let them wither on the grape vine.

This is how our government works. Fix the crisis, which they can't fix, but can make a lot of noise about and spend a lot of money then move onto the next problem and depend on people's short attention span to prevent political fall out later on.






Fri Oct 16 11:33:32 2009: 7268   TonyLawrence

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EVERYBODY is richer then they ever were before

No, the middle class has lost wealth and income. We have gone downhill.

while the top 1% controls 25% of the wealth they also contribute to the majority of the taxes that get paid.

Not entirely accurate. First, the rich escape a lot of taxes because they have the money to pay the best accountants and also influence law makers to create tax shelters. Their contribution may be large, but it's often not a fair share.

For example, Warren Buffet says that the rich should pay more because he only pays 18% while his secretary pays 33%:
(link)

He also claims that almost no billionaires ever pay estate tax when they die (smart lawyers again). Their money passes untouched to their heirs, yours probably goes to pay a nursing home!


Second, the rich benefit from taxes more than we do: who gets the most from highway dollars, you or whoever owns UPS?

Who benefits more from drug research, you or the pharma companies?

Often taxes flow right back to the companies that the super-rich own, too.

Police and defense: the rich again benefit more.


The "housing bubble" and the pop was not caused by the LACK of regulation.

Absolutely not true. The games (the credit swaps et al.) that caused this were outside of regulator control. This stuff was invented and designed to not be controlled!

Another contributing factor was allowing big banks to concentrate power by gobbling up competitors. This made a small handful of banks doing risky deals. It's possible that a larger number of smaller banks would have also all acted irresponsibly, but it's less likely.

And the rich contributed to this also by demanding more wealth building opportunities. The credit swap stuff wasn't invented for you and me.







Fri Oct 16 15:01:57 2009: 7271   BigDumbDinosaur

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Bruce Judson's book posits a revolution of the left, rising up to demand higher taxes for the rich, more social programs and free health care.

Didn't the Russions try that in 1917? Communism disguised by any other name is still communism. That is what most of the left-leaners in the USA and in the White House are advocating.



Fri Oct 16 15:06:00 2009: 7272   TonyLawrence

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Sigh...

First, socialism is not communism, but more importantly THAT'S NOT WHAT THIS IS ABOUT!

The book is warning that unless we wake up, either the left or the right could radically change our country. He's NOT advocating that the left do this, he's warning that it could come to that!



Fri Oct 16 15:13:58 2009: 7273   TonyLawrence

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And as I said above, and as he said, and as his book says, the revolt could just as easily come from the right.

Frankly, I think that's much more likely - and I know most of us wouldn't like that either!



Fri Oct 16 15:35:35 2009: 7274   Tony

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However, your comment about the Russian revolution is appropriate in that it was horrible conditions and a very wealthy upper class that caused it. THAT is what Judson is worried about.







Fri Oct 16 15:55:43 2009: 7275   TonyLawrence

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For those always carping about socialism:

Social Security and Medicare are socialist programs. Without them, we'd have homeless seniors camped out on park benches until they died of starvation.

My mother was in a nursing home for more than 10 years. Her savings were eaten up in the first year; those awful socialist programs kicked in after that.

What would have happened to her without that? She had lived with us for ten years before she became more ill, so we would have somehow had to care for her. But of course we couldn't, so we'd probably have lost our house and we'd all have ended up in a tenement somewhere.

And then we wouldn't be having this discussion :-)



Fri Oct 16 17:10:50 2009: 7276   TonyLawrence

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I bet someone will say "We're not as bad off as the Russian peasants were in 1917"

True, but it's not a matter of comparing us to them. They weren't comparing themselves to how their ancestors might have lived in 1300 - they felt they had lost during their lifetimes and their parents.

Discontent comes not from where you are, but where you came from. An Egyptian slave might have been overjoyed to live in 1916 Russia. A 1916 Russian might find present day America a paradise.

But for a person accustomed to living as most of us live, losing their home, their car, their health insurance is a major loss.



Fri Apr 23 10:00:06 2010: 8461   dhlii

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Ideology is not bi-polar nor is the shift we are seeing.

Democratic and republican politicians have picked our pockets.

Moral Philosophers starting with Adam Smith accurately predicted how quickly good intentions enforced by government run awry - it does not matter whether those are the good intentions of the right or the left. The election of 2008 was a rejection of the corrupt corporate crony conservatism of Bush Republicans, not an embrace of progressivism - socialism, liberalism or whatever name you wish to give to elites compelling the rest of us to do what they believe is for the greater good.

Liberalism is the philosophy that the ends justify the means - even when in practice the means do not accomplish the ends - if your heart bleeds for the unfortunate, why would you advance policies that create poverty, destroy families, and increase misery ? Eugenics is just one of many threads connecting the fascist national socialists with progressives of all shades.

The great recession certainly fueled anger at the wealthy, but listen carefully, people are angry because their taxes are paying to unsuccessfully bail out their spendthrift neighbors underwater mortgage. They are angry because both Bush and Obama felt compelled to in-essence nationalize the union mistakes of the auto industry. Because teachers and public servants are paid almost twice the national average and have pensions that all but the most wealthy would envy. Because soon more than half of us will not pay taxes. You say your retirement funds have been hurt badly. Yet i would be surprised if you have less than the actual cash you contributed - that the return on investment government offers, if you are angry at wall street you should be letting blood in Washington. If taxes returned to the pre-reagan 70% rates you would not have lost so much because you would have had little or nothing to invest.

It is not socialist to raise taxes - it is evil to use taxes to punish success, and reward failure.

It costs nothing to breakup giant corporations - if survival of the fittest is good enough for nature why isn't it good enough for government and wall street. It is possible to oppose both the corporate dole and that of welfare. We already have universal health-care.

You did not succeed in business by spending more than your income, by borrowing from the future for todays expenses, by buying what you wanted rather than what you needed. Why would you assume any of this works better for government ?

We are seeing a peaceful revolution, but it is not coming from either the right or the left.

As to what you have got.

Over the past 200+ years life expectancies, standards of living have improved more than the preceding 5 millenia of human history. The poor in the US live as well as the middle class in the EU. and most of the poor worldwide live better and will live longer than the pharaohs.The only contribution government has made to any of this improvement has been a relatively stable system of liberties, laws and property.

Your life of relative luxury has done more to benefit others than all the taxes you ever paid. Everything you buy, every dollar you invest creates opportunities for others, just as the clients you serve did so for you. Wealth is created, it is not a limited resource. Money accumulates at the top - because there is only so much goods that the rich can purchase, but the money of the rich is a small fraction of the wealth they created - just as your investments are a fraction of what you have produced.







Fri Apr 23 10:39:25 2010: 8462   TonyLawrence

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You did not succeed in business by spending more than your income, by borrowing from the future for todays expenses

Nonsense. Almost everyone who owns a home or an automobile has borrowed from the future for todays expenses.

Because of inflation, many of us do actually have less purchasing power than the purchasing power of what we contributed. We've been robbed by the greed of the wealthy.

As to the rest, you are confused about many things. Your "punish success, and reward failure." nonsense shows where you come from; I don't see any need to rehash what I've already said.



Fri Apr 23 22:35:49 2010: 8469   dhlii

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There is a difference between an asset and and expense.
Do you take out long term loans to meet payroll ?

Inflation is not a given. It is caused and controlled by government -
usually deliberately.
It has nothing to do with business. It is driven by money supply,
changes in prices are an effect not a cause.

There are criminals among both the rich and poor, lying, cheating and the
use of force to obtain what you want are wrong regardless of your financial
state.

Maddoff is a fraud and a crook. Are Oprah, Gates, Buffett ?

Your own experience should refute most of your rhetoric ?

How common is lying, cheating, theft, deception, in your business and
business dealings ?
Do your clients end up better off because of what you do for them ?
Do you benefit too ?
Is your objective money, or what money can buy ?

Business only works because normally everyone benefits.
The implications of that are enormous.
It is irreconcilable with critical elements of progressive ideology.

Some of what you write - particularly about why you are self employed,
recognizes the distinction between wealth and money.
Yet you are constantly confusing them.

Absent deception or force you can not get rich without making others
wealthy.
Everything you have done should have taught you that.
And the kind of massive coercion or deception, necessary for the
progressive world view is unsustainable -
even in government, and that is why we are facing the possibility of
revolution.

We are in the midst of a revolution. Whether it is liberal, conservative or more libertarian, as well as its magnitude remain to be seen. At the moment it appears to be leaning libertarian to conservative, and building despite some appearance of economic improvement.


Your editorial and my remarks both contain broad generalizations.
I would be happy to defend mine.

I am interested in understanding how you got where you are - I have
never met an entrepreneur that remained liberal.








Fri Apr 23 22:54:29 2010: 8470   TonyLawrence

gravatar


I know of many firms who regularly borrow to meet payroll.

Sometimes it is necessary to inflate our money supply. Yes, it is deliberate. That doesn't mean that it is always wrong.

If you are trying to imply that taxing the wealthy is "taking by force", that's just silly.

My objective has always been happiness. Money has almost nothing to do with that.

I'm not really interested in repeating myself. I am liberal because that is what I am - I'm not greedy, not selfish.

There's no point to this argument: either my side will win or we won't. The November elections should be a good indication of whether our future will continue down the path of greed and concentration of wealth or not.

And no, I have no interest in hearing you defend your positions. I've heard it all far too many times.





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