Why does liberalism-socialism fail?

Go long cockroach traps....

 

Does that mean you agree that taxing the rich @ 100% does nothing to reduce the debt?

 

I think what he's saying is that you need more than just taxing the rich. But no, relying on one source of revenue - in this case - taxing the rich, is not enough to reduce the debt. This does not mean it "does nothing".

 

What I mean is, you could tax everything at 100% and we'd still have a debt.

Spending problem, or Taxing problem?

 

Oh, I'm with you completely. Spending problem. But Ricter, if I am correct, is against cutting spending. He's a Keynesian, and believes cutting spending is the end of the world.

 

DAMN. Of course we need to cut spending. DUH.

 

Nah we just aren't printing enough.

 

Try telling Ricter, he doesn't get it.