I wonder why there have been recalls on peanuts and pistachios in the US but not in the socialist countries. Would anyone really expect an owner of such a plant in the socialist country to continue operating knowing that rats are being cooked in with the product? Of course not, that's simply too American. I wonder why one would avoid buying an American car and not a socialist car. If one won the lottery, what are the odds that that person would say they would go out and buy a Buick? The above posters has never read any of Tesla's journals. Some of you should ask the people in science why they went into the field in the first place. I would wager not a single one would say for the money. But as for the people in the financial field that has generated more scams, bailouts, ponzi schemes, etc...
As I said previously (evidently you cannot read), there are some who will pursue excellence in their field regardless of whether or not they are compensated. All evidence indicates that the numbers of such people are small. Tesla, and many other scientist of his caliber, was extremely motivated by profit (this is why so many emigrated to the US). Tesla actually quit working for Edison (to go dig ditches) when he was refused a promised $50,000 bonus. Imagine if he had been required to pay 50% in taxes- I am sure he would have been more motivated to work then. You clearly have no idea of what you are talking about, and not even a remote understanding of what motivates human progress.
Why do people think the government is qualified to determine winners or losers? Why is the tax system an instrument of violence? There were no profits on Wall Street. It is the government who has decided via Taxation and Inflation to guarantee the profits on wall street. The Free market was prepared to strip all of wallstreet of their profits.And teach a lasting lesson about leverage. It was prepared to send the entire financial sector to small minor role it belongs too in a normal economy. Lawsuits would have soon followed along with criminal investigations. But all that is soon to be a distant memory until the next disaster. Meanwhile your benevolent masters in DC decided a better solution was to allow "wall street" to keep their profits and just tax and debase the common mans currency.
If you caught it, what he said was, it's morally wrong for the "rich" , now pay attention here, it's morally wrong for the rich TO HAVE THE ABILITY to keep, let alone make, money, while the poor can't. Furthermore, he's going to make sure the "wealth" gets redistributed. Not Joe the Plumber shit, he actually said it in the speech in question. And he said it twice. I know all about Modern Marxists and their $250K cut-off. If you make more than $250K a yr, they want to cut yours off.
What was missing was how he was going to do all the bs he has been promising. It was, however, full of charisma and dogoodism rhetoric.
Irm21 Why do people think the government is qualified to determine winners or losers? Why is the tax system an instrument of violence? There were no profits on Wall Street. It is the government who has decided via Taxation and Inflation to guarantee the profits on wall street. The Free market was prepared to strip all of wallstreet of their profits.And teach a lasting lesson about leverage. It was prepared to send the entire financial sector to small minor role it belongs too in a normal economy. Lawsuits would have soon followed along with criminal investigations. But all that is soon to be a distant memory until the next disaster. Meanwhile your benevolent masters in DC decided a better solution was to allow "wall street" to keep their profits and just tax and debase the common mans currency. ................................................................................ Perfectly stated.... And those in waiting collect the best remaining parts at prices that work.... Instead....false prices and a fake economy persist....exactly the wrong direction.... ............................................................................... The horrid result being that over 50% of every price of every product sold will be the tax component....in effect killing the competitive edge for generations to come.... This is not to be ignored.... And needs fast correction.... .................................................................................. A smaller slice of a much bigger pie .... Is far better than a big slice of a very small pie.... In terms of the govt. take.... So the future now points towards a much smaller pie to share.... Far less bread for all....
I used to work in science, the best scientists in the US usually have companies and they are very motivated by money. I still can't believe that people are taken in by the useless platitudes, style, and imagery. A recent poll showed more people think Obama is on the right track economically but that Geithner is not! as if Obama knows much economics... http://www.gallup.com/poll/117415/Americans-Confident-Obama-Economy.aspx How stupid are people anyway? even the article can't resist pointing this out: It is unlikely that many Americans have a highly sophisticated understanding of the complex economic policies enacted in the last several months by either Bernanke or Geithner. Yet only 17% and 14% of Americans, respectively, are not able or willing to give an opinion on confidence in these two men's actions on the economy. yup, and they vote. They sure have strong opinions, but about what exactly they are not quite sure. Behold the age of the dumb hoards and the image masters who play to them.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ahnPchOxZMh8 And wasted at that ..... This is unacceptable.... 50% of prices.... dissadvantaged future pricing all for naught ....