-Caveat Lector-
MJ quoted:
In the United States money does not trickle down from
the government. It flows upward from the private sector.
In a market economy, individuals and corporations earn
money by producing goods which uncoerced consumers will
purchase. More important, in democratic societies that
respect human rights, the government has no prior claim
to what people earn by their honest labors. There was,
however, a system which maintained such a claim. It went
by such names as feudalism, slavery, and totalitarianism.
Linda Minor wrote:
Ideally, the role of government in a market economy would
be to finance industry that would benefit the "common weal"
by encouraging the populace to save through purchasing
government bonds that are tax-exempt.
MJ:
'Ideally' ... the Government would merely protect ALL individuals
from FORCE and FRAUD -- thus ensuring each individual could
integrate himself as little or as much as he freely chooses.
MJ quoted:
You the producer will, on your own initiative and with your
own capital, work hard to turn a profit. We, the government,
will impede you with regulations and confiscate ever-increasing
amounts of your income. With what we confiscate, we will first
take care of the needs of the state, but hopefully some of that
money will trickle down to those we determine to be needy
victims.
Ironically, if you follow this model the clich� is true. The
trickle-down theory is the source of our economic problems.
Linda Minor wrote:
The truth is the biggest part of the government income goes to
pay interest and charges to the same companies and their attorneys
which sell these bonds in the first place. And it goes to the New
York banks which issue them.
MJ:
The TRUTH?
Where the money is distributed:
.50 Payments to Individuals
.15 National Defense
.15 Grants to States & Localities
.14 Net Interest
.05 Other Federal Operations
.01 Reserve Pending Social Security Reform
____
1.00 Total
Hmmm ... 14% is bigger than 50%? New Math?
Linda Minor wrote:
When someone who extols Cato blames the government for
succumbing to the enticements of these financiers, it
reminds me of the people who financed Hitler blaming
the Jews for all the problems of the world. Don't
fall for this treachery. Follow the money to its source!
MJ:
A. The 'source' would then be the taxpayer -- so this mantra is
a bit silly.
B. Cato -- as quoted by me -- references a Roman historian.
C. Why the need to invoke emotive language rather than responding
specifically to the material?
Regard$,
--MJ
I would much rather have men ask why I have no statue than why
I have one. -- The Elder Cato
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