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  • moses_on_wall_street moses_on_wall_street Oct 17, 2010 10:56 AM Flag

    Is Silver Overbought? Is Your Bank Account Too Large?

    Socialism is pleasant company speak for Communism and cannot be separated as each could not exist unless government can, without challenge, lay claim to some portion of the property or wealth of the people. It then only devolves into a question of measurement as to how much. That's why the Income Tax (in addition to a central bank) is one of the planks of the Communist Manifesto.

    A reading of the Declaration of Independence reveals that the only true purpose of government is the protection of Life, Liberty and Property. Communism, or its party dress form Socialism, does not accomplish these ends. In fact, history clearly shows that it works against them.

    By 1938, Roosevelt's New Deal was faltering badly and the economy was again in steep decline never having had been "healed" although the country was deeply in debt.

    Many Americans have fallen prey to another myth: that somehow widespread death and destruction promote economic growth, and that WWII got us out of the Great Depression. Sorry, but it's not true.

    When a nation diverts millions of its most productive workers, as well as large quantities of steel, rubber, gasoline, and other scarce resources, away from the production of cars, radios, and other consumer goods, and into the production of tanks, bombers and munitions that will be shipped overseas and destroyed...the people on the home front actually become poorer. Those resources could have been better used domestically had government gotten out of the way and allowed the economy to mend of its own accord and not hampered the process through collectivist macro-economic management strategies we know didn't work. We are seeing this being replayed right here once again, but few pay attention to history any longer.

    Still most Americans have been taught the myth of "wartime Prosperity". The myth, of course, rests on the faulty premise that massive government spending can "create jobs" and "stimulate aggregate demand". A cursory examination of Comrade Roosevelt's spending prior to the war would quickly disabuse most of that idea.

    In 1938, Roosevelt began to replace the cadre of Bolsheviks in his administration with businessmen, people who actually understood how businesses worked and what caused them to fail. Unfortunately, the legal system had already been poisoned by Supreme Court decisions based on fear and reprisal owing to threats of expanding the court with FDR cronies. I've already cited one such case, but there were more, eleven or so more which served to lay the groundwork for what we are faced with today. You might want to read a book called "The Dirty Dozen"'s not the war story by the same name.

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    • <<Socialism is pleasant company speak for Communism and cannot be separated >>

      This shows that you do not understand socialism and have been brainwashed by the fascists. Take a look at how Norway is run. Norway is a socialist country and its economy is growing faster than any pure capitalistic country. The government of Norway has not taken peoples property away.

      • 1 Reply to tburke1932
      • Not quite.

        How does the Norwegian government get its revenue? If they take it from the people under the assumption that they have a legitimate claim to it then it is a form of slavery that the Norwegian people have apparently chosen to submit to. It remains slavery nonetheless.

        Here's some info on Taxation in Norway:

        Taxation. The primary purpose of the Norwegian tax system has been to raise revenue for public expenditures; but it is also viewed as a means to achieve social objectives, such as redistribution of income, reduction in alcohol and tobacco consumption, and as a disincentive against certain behaviors. Three elements of the tax system seem to attract the most debate:

        * Progressive taxation. At one time one of the most aggressive in the world, the top marginal tax rate on income has been decreased over time. In addition, Norwegians are taxed for their stated net worth, which some have argued discourages savings.

        * Value-added tax. The largest source of government revenue. The current standard rate is 25%, food and drink is 14%, and movie theater tickets and public transportation 7%.

        * Special surcharges and taxes. The government has established a number of taxes related to specific purchases, including cars, alcohol, tobacco, and various kinds of benefits.

        Yeah, they really are doing well there, aren't they? Of course they don't have as a foundational document anything quite like the Declaration of Independence or another important document called the "Declaration of the Causes of Taking Up Arms".

        These embodied the thought that the protection of Life, Liberty and Property were the only legitimate functions of government. Social engineering and wealth redistribution were simply not included.

14.18-0.25(-1.73%)Oct 8 4:02 PMEDT