After the gold rush...?

[Hondo]

This little gem just happens to be about England, but all the rest of them, Obama & Co especially, are barking up the same tree.

http://www.economist.com/opinion/dis...ry_id=13576151

People are losing their jobs. They are cutting everything to the bone trying to stay afloat. Meantime, your governments, also falling short of revenues, not only are NOT cutting back, they are increasing in size, squeezing their citizens for every last penny they can steal through increased taxes, new fees, new taxes and new regulations.

I ask all you proud champions of socialism what you're going to do once you've taxed the rich to the poorhouse and destroyed the incentive for the ambitious to become rich? I have no doubt you'll harbor a certain smug inner warmth once, instead of lifting yourselves to higher levels, you managed to drag everyone down to your level of equality. Pray tell who is going to take care of your sorry butts once the money is gone and the well has run dry? At this point, especially for those born and raised on the dole, do you even know how to take care of yourselves?

When the whole comes apart, and it will, everywhere, it's going to be a mess out there. Globalism will be put on hold as each nation scrambles to save itself.

[Firstgear]

So, this isn't a Neil Young thread then?

[Hondo]

Sorry, no, but I am a Neil Young fan, long may he run!

[BDunnell]

People are losing their jobs. They are cutting everything to the bone trying to stay afloat. Meantime, your governments, also falling short of revenues, not only are NOT cutting back, they are increasing in size, squeezing their citizens for every last penny they can steal through increased taxes, new fees, new taxes and new regulations.

I ask all you proud champions of socialism what you're going to do once you've taxed the rich to the poorhouse and destroyed the incentive for the ambitious to become rich? I have no doubt you'll harbor a certain smug inner warmth once, instead of lifting yourselves to higher levels, you managed to drag everyone down to your level of equality. Pray tell who is going to take care of your sorry butts once the money is gone and the well has run dry? At this point, especially for those born and raised on the dole, do you even know how to take care of yourselves?

As I'm not a proud champion of socialism, I don't know, but in the short term I will yawn at yet another thread along these lines and go to bed.

[Rollo]

I ask all you proud champions of socialism what you're going to do once you've taxed the rich to the poorhouse and destroyed the incentive for the ambitious to become rich? I have no doubt you'll harbor a certain smug inner warmth once, instead of lifting yourselves to higher levels, you managed to drag everyone down to your level of equality.

Good.

We have seen executive pay skyrocket far in excess of regular wages. Rich people deserve to be cut back because in a lot of cases the only way they got that way is by leeching off of the profits produced by honest workers.
Can you honestly for instance tell me how is actually possible for someone to put in real work to earn $400,000 a year?

Once the money has gone and the well has gone dry? Very interesting turn of phrase you make here, because it is only people who work who produce anything. The well will be refilled because people work.

Management never has and never will actually produce anything; this is the crux of the issue and why your indignation is so incredibly and arrogantly misplaced.

[steve_spackman]

Economies in capitalist systems are essentially unplanned, so they often crash, producing depressions that damage the lives of millions. Socialist economies are planned, which means that problems can be foreseen and prevented. Ultimately, socialism guides with the aim of human happiness in mind, rather than the glorification or gratification of a particular individual or class. To gain this for all rather than just for some requires an element of social control – the excesses of capitalism will forever mean that too many fall by the wayside as the strong profit, and the weak are left behind.

[Mark]

Management never has and never will actually produce anything; this is the crux of the issue and why your indignation is so incredibly and arrogantly misplaced.

I was having this conversation the other day about managers who are in that position because they've worked their way up within the company and know what the job is all about. The type you can ask if you have a problem and they will know the answer as they've done it themselves for years.

Then there's the type which are paracuted in who don't actually know the work in hand and are just there to 'manage', are probably much less skilled than the workers they command and yet get paid much more for it.

[markabilly]

What worries me is that the idiots do not get it, what are they going to do next year or the year after that....
when does the stimulus end?

BTW--roosevelt did not dump money into companies to keep them afloat--the idea was to create JOBS so people would make the econmy and its money circulate on a perptual or permanet type basis

[Garry Walker]

Good.

We have seen executive pay skyrocket far in excess of regular wages. Rich people deserve to be cut back because in a lot of cases the only way they got that way is by leeching off of the profits produced by honest workers.
Can you honestly for instance tell me how is actually possible for someone to put in real work to earn $400,000 a year?

Yeah, and all the people who I know who earn over $400 000 a year (or anywhere close to it) put in a ridicolous amount of work compared to your average 9-5 "honest" worker and compared to your average public sector "worker" (useless leeches as I call them).
I know how much work one has to do for 400K and let me tell you, it is not that fun when you arrive home at 3 am and have to go out again at 8 am. Or when you have 2 free weekends during the year, where you are not busy with work on sunday.

Sure, there are managers who maybe dont deserve huge amounts of money, but loads of people put in an incredible amount of work to achieve that kind of success. No one is stopping the "poor" poor people from creating their own business, being ambitious and trying to get a better job. Take risks, be prepared to work hard. Instead of bitching and crying how much others earn, maybe do something useful with that time instead and educate yourself.
Why should I pay more and more, because some others have been so fcuking stupid and lazy and they have not done anything remotely notesworthy in their "careers." Yeah, keep delivering those pizzas.

Economies in capitalist systems are essentially unplanned, so they often crash, producing depressions that damage the lives of millions. Socialist economies are planned, which means that problems can be foreseen and prevented. Ultimately, socialism guides with the aim of human happiness in mind, rather than the glorification or gratification of a particular individual or class. To gain this for all rather than just for some requires an element of social control – the excesses of capitalism will forever mean that too many fall by the wayside as the strong profit, and the weak are left behind.

Soviet union proved how good socialism is, but you wouldnt know anything about that would you?

[jim mcglinchey]

[quote="Garry Walker"]Yeah, and all the people who I know who earn over $400 000 a year (or anywhere close to it) put in a ridicolous amount of work compared to your average 9-5 "honest" worker and compared to your average public sector "worker" (useless leeches as I call them).
I know how much work one has to do for 400K and let me tell you, it is not that fun when you arrive home at 3 am and have to go out again at 8 am. Or when you have 2 free weekends during the year, where you are not busy with work on sunday.



What you are saying is that anyone earning 400K is working 16 times the hours of someone on 25K There arent enough hours in the week, Garry. . No one is going to convince me that 400K/ annum can be earned ethically with the same restraints that apply to us blue collar stiffs. The divide between the lowest and highest paid is at an all time high, in case you hadnt noticed. Tax the bastarsd to the hilt.