thanatos144
Gold Member
The last time government (under FDR) imposed a significant reparative redistribution of the Nation's wealth resources was in the 1930s. It occurred as a means of stimulating the severely depressed economy and it led to the rise of the middle class and the most prosperous period in our history, the late 40s to the early 80s, when Reaganomics and a long series of deregulations fostered the incremental decline which has led to the current economic downturn.Hey maybe the three billionth time of distributing wealth will be the charm huh?
The relatively minor cyclical economic adjustments which occur routinely and predictably, even during the best of times, are not reparative redistributions. But what we are seeing today is in many ways a repetition of what went on in the 1920s and the only thing that will pull us out of this depressed condition is another major reparative redistribution. It will require spending reductions, such as available through elimination of many unnecessary military bases in foreign countries, general reductions in military spending, immediate cessation of the wasteful, wholly counterproductive drug war and major tax increases on the upper income levels. The derived revenue should be used to repair our crumbling infrastructure which will create millions of jobs and give rise to many new and thriving industries.
All would be cool if it wasnt all bullshit. FDR prolonged the depression.