the Constitution is a timeless document. the supreme court ought to enforce it. all you lefties would like to burn it and create a "new man" ______________ why don't you study the case for making insider trading legal for everybody.
I think Obama is right actually. Entrepreneurs were only partly responsible for their success. If the public hadn't paid for the road and bridges for them to transport their goods, or if the tax payers hadn't paid for a public education system they wouldn't have a skilled work force etc... This is why these super rich tax dodgers really piss me off, they want to do business in a country with a good infrastructure and the rule of law, but they don't want to pay for it. If they were born in a 3rd world country with no roads, schools or taxes I doubt they would have been so successful.
Where did the tax dollars for roads and infrastructure come from? From taxing successful people. Also, you act like only rich people are able to use this infrastructure and rule of law. The fact is that the overwhelming majority of all tax dollars are coming form successful people that have taken advantage of good infrastructure in some capacity. Anyone who is employed is benefiting from a business that is benefiting from this infrastructure.
govts 3 most important functions. Provide rule of law Safety and Welfare (I put schools an roads here) Defense We all benefit as Americans. Kudos to those who built businesses which were not to big to fail. I blame govt for too big to fail. Obama keeps building too big to fail.
Thank you for posting this. It assures me that there is at least one other sane person in the world. There seriously needs to be an IQ test to qualify for voting. Please, those of you who disagree with GoC's post, go kill yourselves.
Least worst? The choice only is whether you like or hate gays. You are voting for one of two socialists eitherway. Anyway, the premise of this topic is wrong, we all know it is easier to built businesses in a country like china or brazil than in the US. In US you have too much regulation, in China you can bribe and built a company that way, in brazil you can hire banditos to kill the indigenious population. That's why the middle class in China and Brazil is bigger than in the USA.
The Government does not build anything. The Government does not manufacturer anything. The Government does not produce any tangible product. Everything the Government uses is made by private business. The Entrepreneur uses roads built by another Entrepreneur.
By the way, here is the crux of why Obama's comments on the need for higher taxes are based on deception: "As economist and frequent Republican-party critic Bruce Bartlett recently pointed out, âAs of March 31, $452.6 billion of net stimulus funds had been disbursed in ways that show up in the national income accounts. Of this, the vast bulk, $399.7 billion, went for transfer payments. Another $9.6 billion went for subsidies and $68.1 billion for capital transfers to state and local governments. Only $37.8 billion went for consumption and $11.8 billion for investment â the only two categories of outlays that we know add to growth.â" So, out of $452.6 billion in stimulus spending, only $47.6 billion (~10%) actually went to things that help boost economic growth and ~90% went to things that just shuffle wealth around with no impact on growth. Who benefits from that? Democratic voters, that's who. That is definitely NOT to the benefit of everyone, which is part of what Obama claims is the case when government spends. While I haven't always agreed with Bartlett, he is spot on with this analysis.
exactly ! however, there is no true ideas produced so they are manufactured remeber good school are needed for that. except if borrowing money and buying property complex is on your list of true ideas, hahahhahah trump guy comes to mind, property developer with expertise in bankrupcy
Best part of this piece is the confirmation that government stimulus spending (if done right) can in fact boost the economy.