Kevin_Kennedy
Defend Liberty
- Aug 27, 2008
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Tell us what product or service was provided by the Wall Street manipulators who brought this nation's economy to the brink of another ruinous depression while accumulating massive fortunes for themselves. What did they produce and who did they serve?Well in a free market profits are made by those who provide a service or product that people want or need.[...]
Rich is a relative term. To one who sleeps in a cardboard box and eats out of a dumpster another who has a roof over his head, regardless of how modest, is rich by comparison. So the meaning of "rich" must be determined by popular consensus.Yes, some people will become rich off of this system and others will not.[...]
There is nothing wrong with wealth, but it should be clear to you what the pursuit and accumulation of excessive wealth has done to the United States' economy. What do you suppose the outcome will be if the existing system is allowed to continue without regulation? This country will become an extension of Mexico.
Again your argument is based on a relative concept.
I advocate socialism, not Marxism. In today's most successful socialist countries there are rich and poor. Some are more successful than others. But there is not excessive wealth nor grinding poverty as increasingly exists in today's America.
Equitable distribution of the Nation's wealth is not robbery. What Wall Street and the corporate oligarchy has done to America since the so-called Reagan Revolution is robbery. And what I am proposing is not a new idea but simply a return the the system that was in place before the Reagan Republicans began incrementally disassembling it.So the people as a whole are to decide how much wealth is too much, which is essentially saying that robbery is ok so long as 51% of the population agrees with it.q
Without a socialist revolution there surely will be Americans starving to death on the streets and unless you are over age sixty it is likely you will see it happen in your lifetime. And unless you are well positioned you and yours could be among them.And we need a socialist revolution like we all need to starve to death. But I repeat myself.
The Wall Street manipulators, as you call them, were incentivized to make the bad decisions they made because of the progressive and socialist Federal Reserve, which made what they did profitable as opposed to risky. When you create an environment of cheap credit and bailouts people are naturally going to start taking more risks that they otherwise wouldn't take. In a free market none of that would have been possible.
Popular consensus should have nothing to do with determining who gets to keep the fruit of their labors, because that's still simply organized theft. If I get rich because I successfully provide a service or product that the masses want or need, who are you and a group of people to take it from me? Nothing but a gang of thieves. And Mexico is most certainly not an example of free market capitalism gone wrong.
It is also more than likely that the rest of those socialist countries are going to meet the same fate as Greece because socialism is unsustainable.
If a person comes up to you and pulls a gun on you and then tells you that they're going to take all of your money and give it to the poor and needy, you were still robbed. Taking money from somebody that you have not earned is theft, and that is what you're advocating with your redistribution schemes. And you're ignoring the role of the state in subverting the market and allowing Wall Street to get away with what it's done.
Without a free market revolution, a real free market revolution not a "Reagan Revolution," we will see people starving in the streets. Our imperial foreign policy combined with our out of control social programs like Social Security are going to bankrupt this country, and that is thanks to the state you wish to give more power to despite it failing with the powers it already has. America will end up like Greece, with people rioting in the streets because the government no longer has the money to pay the people the money and privileges it has promised them as socialism once again fails.