[quote]Beowolf wrote:
orion wrote:
Beowolf wrote:
orion wrote:
pookie wrote:
All the individuals you mentioned in your OP managed to create rather amazing wealth while being regulated and taxed.
Even you, apparently, still buy shares of Jones Cola with all those taxes and regulations…
So, what’s your problem?
Or, as has been asked of you before, without any cogent answer ever appearing, what’s your solution? No taxes, no government, no services?
Real money, meaning goldstandard or competing private currencies, the absolute integrity of property rights, meaning no wealth-redistribution or direkt taxation and no government interference into the economy like minimum wage laws…
Pure unadulterated capitalism and a government that consists of national defense, police, fire department and, maybe, an agency that sets some environmental standards…
That worked like a charm for 200 years with the greatest increase of standard of living in all of mankinds history…
In which nation was this system in place?
More or less the US of A, The United Kingdoms, Germany, Austria-Hungaria, France, etc…
Pretty much everywhere government spending never amounted to more than 10% GDP and if it did, tax revolts were the inevitable result…
Of course politicians were corrupt then, they just had much less money to be corrupt with and they had no fake money to cover up their crimes and mistake…
What? Taxes have been, more or less, and integral part of US history. They have started revolts, and were the beginnings of the North-South sectionalism conflict.
After the industrial Revolution, sweeping industrial reforms were eventually put in place. You want a return to a world where women work more hours and receive less pay? Where little boys and girls, under the ages of 10, do the most dangerous work? Where people could be “payed” 10 cents an hour, and were wage slaves?
Your talking about conserving money. Much different then getting rid of regulations placed on businesses.
And, for the record, Bush has placed on us a huge deficit were going to being paying for for the next couple of decades.[/quote]
First of all you are falling for the lies about Manchester liberalism.
10 cents an hour is GOOD compared to starving, which is what they did before.
What improved their lot was not government programms but the process of capital accumulation which was actually slowed down by government regulations.
Then, taxes may allways have been an integral part of American live but around 1900 it still was only around 2% GDP.
Yes, that is 2%.
Last but not least:
No, you will not pay generations for this debt. Most likely massive inflation will wipe out large parts of Americas wealth and then the public debts can be paid back easily, since a frew trillion $ will just be enough then to buy a pound of apples.
This will of course be interpreted as a crisis of capitalism and pave the way for socialist totalitarian regimes all around the world…