The Left contends that:
1) Capitalism is evil.
2) Corporations are evil.
3) The stock market is a tool of the rich, who use it to exploit and oppress labor and the poor, the proletariat.
4) Money made via the stock market is "unearned," resulting merely from the shifting, manipulation, and gaming of capital. No "sweat equity" is involved in profiting from stock market trades.
5) Speaking of profit, the Left believes that profit is evil, a belief embodied in such slogans as "People before profit."
So tell me, Leftists, why do you invest? By investing, you are violating every precept, tenet, and conviction that you hold dear, the sum and substance of your entire ideology and worldview -- every last scintilla of it.
Sentiment: Strong Buy
Prominent leftist investors like Warren Buffet and George Souros know that the dramatic shift in the tax burden away from the rich and on to the middle class since 1969 is the main cause of the economic problems we have now. Today the richest 3% pay 50% of the federal taxes and the other 97% pay 50%. If the tax rates of the top 3% were increased by 50% and the tax rate on the bottom 97% were cut by 50% the same amount of revenue would be generared but unemployement would be reduce to below 5% since the lower income people have a much higher marginal propensity to consume.. If the tax rates of the top 3% were increased by 50% and the tax rate on the bottom 97% were cut by 50% that would just bring us to the relative tax burdens that existed in 1969.
Why such an extremist view? Peoples political and social beliefs are not black and white they're shades of grey. A statement such as "The right hates everyone but themselves" is just as wrong. Both sides care about their family and neighbors the same and want whats best for everyone. They just see things a little differently. My advice to you would be to turn off the TV news and calm down, it will be okay.
It must be wonderful to be simple-minded such as you are. Everything is black and white with you. There's no gray area, not even between your ears. What I wonder, is why so-called conservatives destroy the environment rather than conserve it and why they think corporations are people. Why do conservatives think it's OK to privatize profits and socialize risks?
To you anyone who doesnt buy the radical stupidity coming out of the republican party is a leftist.
I posted nothing but mainstream economics, stuff that was taken for granted by both parties before 09 but is now considered radical by this group of rightwing cave people who emerged squinting in the harsh sunlight after the 08 elections.
For posting mainstream economics, I was branded a 'communist' and invited off the board.
If you are rightwing, you are either stupid or dishonest, but in either case delusional. Everything the right says is counter factual and rages against modest common sense.
And, no reits r us, I want stop posting. $$$hole.
"""I posted nothing but mainstream economics,"""
Not on this thread, oh unless under a pseudonym...Tommy, or ?
""And, no reits r us, I want stop posting. $$$hole.""
The question is, if you "want stop posting" , why don't you?...;-)
As was mentioned in another thread, when substance fails, invective is all that's left....quite amusing....
My ol' Pop usedta say, If youre not a radical in your Twenties, ya got no balls..if youre not a liberal when when you hit Thirty, ya got no heart...AND if youre not Conservative when youre in your Forties...well.. ya got no brain.
I think the older people get the more liberal they become in all actuality because they realize you can't take it with you. I prefer passion over cold calculation in many matters, and liberals are generally more intelligent than greedy businessmen.
I enjoy listening to both sides, although the majority of the posts on this thread and elsewhere are from those with a liberal bent. I also assume that at least half of the readership here and elsewhere is conservative. Therefore, the math is rather straightforward...;-)
My compliments to (most) of the participents on this message thread for their intelligent and well thought out comments. How refreshing to not have those that need to resort to name calling and insults because they are unable to express themselves in any other way. It's reassuring that such a bright group own AGNC and perhaps CYS NLY RSO too?
Your post is a good example of why the rightwing lost the last election: you are completely out of touch with reality. Speaking for my liberal brethren, we do not believe capitalism is evil, that corporations are evil or that profit is evil. Capitalism represents one of the crowning achievments of human rights as well as a great way to run the economy.
Liberals believe that the USA is the greatest country in history and that essential to keeping it great is a well-funded government that has the resources to keep us safe, make the investments that will keep us great and meet the challenges of the 21st century. That means that wealthy Americans, including myself, pay more in taxes and that very wealthy Americans pay a lot more. Under President Eisenhower, the highest federal tax rate was 91%, yes 91%, and the rate increased every ten thousand dollars or so rather than just having 3 or 4 rates. While I do not advocate a 91% tax rate, the uber-rich can afford to pay, say 50%, on income over, say, $100 million. Otherwise, you are balancing the budget on the backs of the middle class who are truly suffering. As to preferntial tax treatment of dividends, I agree with that great liberal, Ronald Reagan, who said that the tax on the fruits of a man's labor should never be less than the tax on the fruits of his capital. If Ronnie was alive today, he'd never make it in the GOP -- far too liberal for the tea party nut jobs.
P.S.: most liberals also acknowledge the need for entitlement reform and we would have had it 2 years ago if the Tea Party hadn't refused to agree to any tax hike.
I am always amused that right wingers will readily volunteer their or their neighbors sons and daughters to die in foreign wars for the US, but won't ante up a few bucks for the country they purport to love. When Bush I and Clinton increased the taxes on wealthy Americans in the 1990's, we had 10 years of prosperity and balanced budgets. Of course, right wing nut jobs may not remember the 1990's because they were preoccupied at the time trying to impeach Clinton for lying about getting a hummer. If only our current problems were so insignificant we could waste our time investigating the sex habits of the president.
Sentiment: Strong Buy
When you ENLIST in the armed forces, you swear an OATH, to die for your country if you have to. You don't sign up just because its a job and with good benefits. It is not a UNION JOB.
So please don't be offended when they put a weapon in your hand and ask you to defend the country.
Try telling the "Occupy Wall St." crowd that "Capitalism is one of the crowning achievements of human rights as well as a great way to run the economy."
Hope you have a really fast getaway car (i.e., not a Prius).
Sentiment: Strong Buy