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Alliancebernstein Income Fund Message Board

  • dreedva dreedva May 11, 2005 4:36 PM Flag

    Mr. Graytop

    <We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.>

    Sir: I, too, am retired. The flag I wave is the same one you wave--I think. I don�t consider myself a socialist and depend on my investments(plus SS) for my retirement. However, if believing that promoting the general Welfare includes:
    1. Affordable healthcare for all Americans,
    2. Some level of economic dignity for our Seniors.
    3. Taking care of those who have been displaced by downsizing, out-sourcing, etc.

    demands that I be labeled a socialist, then so be it.

    I, personally, have no problem with labels. But, I�ve never thought of myself as anything other than a person with a certain level of compassion and understanding for those who have not experienced my level of good fortune.

    What is the label applied when the government bails out our captains of industry and their big money corporations? (I sure hope it's not National Socialism!!!)

    I�d have loved your history class when I was a kid. But, now��.

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    • Hello Mr. dreedva
      "demands that I be labeled a socialist, then so be it."

      That is my point exactly. I have more respect for someone who steps up and admits their political preferance is socialistic. Most people try to hide under a bunch of other worthless titles. While I agree with a lot of what you say, I still do not believe the government has any place interfering in the exercise of free markets. Now some of the other's on this and other boards refer to me as a Nazi because of this, but actually, Nazism is just another name for socialism. The party in Germany was the "National Socialist" party .
      Your concern for your fellow citizens is not much different from my own. I just don't believe the government is the right agency to address the problem.

      I agree, the government has no business bailing out any business or business man. The government would serve us best with a complete hands off approach to the market place. With that said, I do agree that some regulation is not all bad, I just think it can go to excess.
      Anyway, thanks for an intelligent post.
      By the way, you would not have liked my class. I was a terrible teacher, and hated every day I was there. Don't ask why I got a degree in History, other than I thought it was an easy way out, and after all a degree is a degree right???? I knew I was in trouble before I graduated. All the engineering students were debating which offer they would take (jobs). I was waiting for my first one. It never came, I stayed in school and taught for the first year just to make a couple bucks. Some times it takes a while, but I do catch on.

 
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