DEATH OF A CIVILIZATION VII

12/04/2008

DEATH OF A CIVILIZATION VII

So who do we want to help really? There are many talking about how banks can not be allowed to fail, or the insurance companies or auto companies. So far it is estimated that already the government has spent or taken on debts to the tune of seven trillion dollars, that is 7,000,000,000,000. So where is that money, and where did it go?

The old adage is that the money always goes to the top, have we not heard, time and again, that if some one took all the money and distributed it all equally, soon some Will be richer than the others, and the rich will again be getting richer. Then why are we talking about a tax cut for the rich , but we are against helping the poor. The money spent, borrowed, distributed so far has not shown up in the economy and on the main street is because what the government has done is to buy off the worthless papers from the ultra rich and hedge funds, and they in turn are not loaning it out again to the people with poor or no credit at all.

As the government anticipates another bailout, or a stimulus package, we should realize that that money will also end up with the rich, or overseas, if the marginal tax rates are not also increased, may be even to the seventy and ninety percent range so that the money can be recycled through the economy again and again. If not then the money will evaporate fast and the resulting benefits to the economy will be short lived.

I am not for giving money to the poor, I am not for giving money to idiots for making more idiots, I am for abortions, forced or coerced, I am for paying stupid people money for NOT having children. As long as we give money away we can tie strings to it, higher taxes for the rich and social responsibility for the poor,( it is hopeless to expect the rich to be socially responsible too)