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  • bjspokanimal bjspokanimal Dec 5, 2012 4:32 PM Flag

    Obama: The Dark Side of Special Dividends

    Investment capital is stampeding offshore and into gold and treasuries at an unprecedented rate of speed. Capital Investment in the U.S. is currently at a 50-year low this year and the labor-participation rate hit an all-time low in September.

    These are ALL symptoms of insipient socialism, wealth re-distribution, and a President bent on punishing success and investment capital until it picks up and LEAVES.

    EVERY TIME a country has done this over the past 75 years, it's citizens have virtually ALL been worse off for it in the 1 or 2 decades that followed. EVERY SINGLE TIME!! We used to think this kind of socialist push could never happen in America...

    ... yet here we are... implementing our grandparents' worst nightmare.

    S

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    • Blah,blah,blah.....taxes on the rich have never been lower,so deal with it. Trickle down is a failed concept, and the divide between the rich and the poor has never been wider. The rich with a conscience are fine with, and our country has prospered undwr a tax baae FAR higher than what is being proposed.
      .

      • 2 Replies to approval_myass
      • "Blah,blah,blah.....taxes on the rich have never been lower,so deal with it. Trickle down is a failed concept, and the divide between the rich and the poor has never been wider. The rich with a conscience are fine with, and our country has prospered undwr a tax baae FAR higher than what is being proposed."

        But spending was a lot lower. And folks living in South Dakota didn't have to bail out Detroit and Chicago because they can't collect enough in taxes locally to pay local bills -- not a bailout for a disaster like a hurricane -- Chicago hasn't made a contribution to the Chicago Teachers Pension Fund in years -- has about $10 bil and shrinking by about $500 mil a year -- teachers contribute very little -- the Mayor says RE tax in Chicago would have to double just to save that one fund.

        What has clearly failed is promising other peoples money that doesn't exist.

        Social Security and Medicare will have to be means tested or Treasury paper will become junk.

        So yes -- taxes have to go way up and benefits way down blah,blah, blah.

      • ... every time a society has punished success, punished investment capital, and punished the wealthy the way Obama is doing while expanding the welfare state...

        ... it has ALWAYS resulted in reducing the standard of living of EVERY member of society in the decades that followed.

        Always. There are no exceptions. Even Germany, with it's extensive social welfare system, doesn't
        punish investment capital and it's deployment anywhere NEAR what Obama Proposes.

        S

 
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