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Investments > Investing Science > Re: A modest pr...
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Re: A modest proposal

by "Taylor" <taylor@[EMAIL PROTECTED] > Feb 12, 2008 at 10:26 AM

"Jerry Kraus" <jkraus_1999@[EMAIL PROTECTED]
> wrote in message 
news:fffc99e7-b54f-4acc-945e-bcebd768ad6d@[EMAIL PROTECTED]
> Now that Generalissimo George Bush has pushed through his "stimulus
> package" -- basically, shuffling around 1% of our annual GDP from the
> government's coffers to the hot hands of tax-paying individuals -- we
> must ask ourselves what effect, exactly, this is likely to have.  As I
> speak, the stock market is up 200 ooints on the cheering news that
> Warren Buffet -- the richest professional investor in the world -- is,
> not surprisingingly, willing to put up his substantial forturne to try
> to prevent the bond market from collapsing completely.
> Simultaneously, major auto makers and Swiss banks are announcing
> massive cor****ate losses.
>
> Now, the problem with the world economy is, of course, that there are
> no markets left, there are no consumers left, because the wealth has
> become too concentrated in the hands of too few individuals, largely
> through the efforts of neoconservative loons like Generalissimo Bush.
> So, how likely is it that shuffling around 1% of our GDP is likely to
> significantly change this state of affairs?  Not very, I would
> submit.  Nor can Warren Buffet, on his own, stem the tide for long.
> Although, he may be Wall Street's greatest hero, and his efforts may
> cheer investors for a time.
>
> I would suggest, however, another approach.  There are 8 million
> millionaires in the United States, currently.  Eight million
> millionaires, and 290 million poor people.  Now, the total assets of
> all these millionaires would far surpass the TOTAL GDP of the United
> States.  Wouldn't it make some sense to redistribute some, or all, of
> the ill gotten gains of these worthless parasites into the deserving
> hands of the worthy American people?  Think of the wealth that could
> be generated by increasing the assets of the average Amercain TENFOLD,
> TWENTYFOLD, THIRTYFOLD!!!   Education, research, new technologies,
> jobs.  The possibilities are endless.
>

Your suggestion was tried by the Soviet Union, and we know how well that 
turned out.
 




 5 Posts in Topic:
Re: A modest proposal
"Taylor" <ta  2008-02-12 10:26:53 
Re: A modest proposal
Democracy Highlander <  2008-02-12 15:08:02 
Re: A modest proposal
"Jerry Okamura"  2008-02-14 17:29:11 
Re: A modest proposal
"Jerry Okamura"  2008-02-14 17:32:27 
Re: A modest proposal
ask@[EMAIL PROTECTED] (P  2008-03-01 01:41:25 

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tan12V112 Fri Aug 29 18:03:23 CDT 2008.