On Sun, 06 Mar 2011 09:16:23 -0500, Gene
wrote:

On Thu, 03 Mar 2011 17:07:43 -0500, John H
wrote:

....he's now pushing for spreading the 'national resources'!

http://www.youtube.com/watch?v=oUouD2Ndhqs

WADF!

As much as I despise Michel Moore, he's vaguely correct about all of
this.

Since I was a kid, the tax rate for the richest Americans has declined
from a high of 91% (Eisenhower) to effectively near zero. Rather than
allow the opportunity for these richest folks to invest in the
American economy, it has given them the opportunity to become hoarders
and they have steadily been moving money out of active circulation...
read that, "no trickle down." After you have SO MUCH money, there's
just no way to spend an appreciable amount of it and the stagnant
wealth just grows without bounds... it turns the economy into one of
those horribly boring Monopoly games where everybody is just hoping
for the end..... not a good thing for a REAL economy.

In 2004, the wealthiest 25% of US households owned 87% ($43.6
trillion) of the country’s wealth, while the bottom quartile held no
net wealth at all. That is NOT the American dream. From a historical
perspective, this sort of stagnant economy has toppled governments....

The Fed has tried fixing the problem by printing more money... with
predictably disastrous results. So, how do you get that money back in
circulation? How do you fix the problem? Is there any way to do so
without it reeking of "redistribution of wealth?"

But that's just not fair, Gene. Those people earned their money and
nothing you say about the sad state of our economy or country will
alter their view on being able to keep every cent of it.

Warren Buffet be damend, meritocracy doesn't deserve the time of day.